Compliance Report on Corporate Governance is not applicable on the Company for the quarter ended 31st March 2025.
Awaiting price reaction for this filing.
South Asian Enterprises Ltd has informed BSE that the company is exempt from filing a detailed Corporate Governance compliance report for the quarter ended March 31, 2025. This exemption is claimed under Regulation 15(2) of the SEBI Listing Regulations because the company falls below the required size thresholds. As on March 31, 2024, its paid-up equity capital was Rs. 399.91 lakhs and its net worth was Rs. 639.18 lakhs, both well under the SEBI limits of Rs. 10 crore capital and Rs. 25 crore net worth. A chartered accountant certificate confirms the net worth figure, which has gradually declined from Rs. 677.78 lakhs in FY22 to Rs. 639.18 lakhs in FY24. The equity capital has stayed flat at Rs. 399.91 lakhs (40 lakh shares of Rs. 10 each) for the last three years.
This is a routine regulatory filing and has no direct impact on shareholders or the stock price. It simply confirms that the company is small enough to qualify for lighter corporate governance reporting. The gradually falling net worth over the past three years is a mild point to note, though no business reasons are provided.