non applicability letter attached for june 2025 quarter
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coral Newsprints has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the quarter ended 30 June 2025. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which waives corporate governance requirements for listed companies with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As of 31 March 2024, the company's paid-up equity share capital stood at about Rs. 5.05 crore, and its net worth was negative at roughly Rs. -7.13 crore. Both criteria make the company eligible for the exemption, so it is not obligated to submit the compliance report for this quarter.
This is a routine regulatory clarification rather than a business announcement, so it is unlikely to move the stock. However, the disclosed negative net worth of around Rs. -7.13 crore signals that the company's liabilities exceed its assets, which is a point of concern for shareholders and reflects weak financial health.