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Awaiting price reaction for this filing.
Coral Newsprints Ltd has submitted a certificate from a Practicing Company Secretary (Mr. Raj Kumar Yadav) to BSE confirming compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The certificate states that Regulation 27(2) is not applicable to the company for the quarter ended March 31, 2024. This exemption applies because the company's paid-up equity capital is below Rs. 10 crore and its net worth is below Rs. 25 crore across the last three financial years, qualifying it as a small-cap entity. This is a standard annual/quarterly compliance filing with no new business or financial information disclosed.
No material impact on shareholders or stock price. This is a routine regulatory filing that simply confirms the company meets the size criteria to be exempt from certain quarterly corporate governance reporting requirements under SEBI rules.