Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Croissance Ltd received a warning letter from BSE Limited dated July 03, 2025 for failing to disclose or intimate the Exchange about seeking an extension for holding its 30th Annual General Meeting for FY ended March 31, 2024. The company also did not submit the ROC Bangalore extension letter to the Exchange, violating Regulation 4(2)(e) of SEBI LODR which emphasizes timely and accurate disclosure. BSE has advised the company to exercise due diligence, ensure future compliance, and place the warning letter before the Board. The company has stated there is no material financial or operational impact and committed to timely compliance going forward.
Minor compliance issue with no financial or operational impact; however, repeated lapses could invite stricter disciplinary action from BSE in the future. Shareholders should note the company's history of weak disclosure practices.