Non Applicability of Annual Secretarial Compliance Report
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Awaiting price reaction for this filing.
Concord Control Systems Ltd (Scrip Code: 543619) has informed BSE that it is not required to submit the Annual Secretarial Compliance Report for FY ending March 31, 2025. The company states that as it is listed on the SME Exchange, it qualifies for an exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015. This regulation exempts SME-listed entities from several corporate governance requirements, including Regulation 24A which deals with the Annual Secretarial Compliance Report. The declaration was filed by Puja Gupta, Company Secretary & Compliance Officer, on May 17, 2025.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms the company's exemption from a specific compliance requirement due to its SME listing status.