Non-applicability of Secretarial compliance report for the year ended March 31, 2025
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Checkpoint Trends Limited has informed BSE that Regulation 24A of the SEBI Listing Regulations, which mandates the filing of an Annual Secretarial Compliance Report, is not applicable to the company. The exemption applies because as of March 31, 2025, the company's paid-up equity share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore, placing it below the threshold prescribed under the regulation. The company has cited the relevant BSE circulars dated May 9, 2019 and May 14, 2019 in support of this exemption. The intimation was signed by Shubham Chaudhary, who serves as both Managing Director and Chief Financial Officer. This is a routine procedural disclosure confirming small-cap status and exemption from a specific compliance requirement.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company qualifies as a small-cap entity and is therefore exempt from submitting the Annual Secretarial Compliance Report, which can be viewed as a minor cost-saving for the company.