Non applicability of this clause letter attached
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Awaiting price reaction for this filing.
Coral Newsprints Ltd has informed BSE that the Annual Secretarial Compliance Report requirement (under SEBI's Regulation 24A) does not apply to the company for the quarter ended 31st March 2025. The company claims exemption under Regulation 15(2) of SEBI LODR Regulations 2015, which exempts listed entities with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As on 31st March 2024, the company's paid-up equity share capital stood at Rs. 50,52,700 and its net worth was negative at Rs. -71,25,294, making it eligible for the exemption. This is a routine regulatory filing and not a new development concerning business operations.
This is a procedural compliance filing with no direct impact on shareholders or stock price. However, the disclosure reveals that the company has a negative net worth of Rs. 71.25 lakh, which may be a point of concern for investors regarding the financial health of the company. The exemption itself simply means fewer disclosure obligations are required.