Pursuant to Regulation 15 (2) of LODR we are exempted from submitting Annual Secretarial Compliance Report and a letter to that effect is submitted herewith for your information and record
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Datiware Maritime Infra Ltd has informed BSE (Scrip Code 519413) that it is exempted from submitting the Annual Secretarial Compliance Report for FY ended 31 March 2025. The exemption is claimed under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which applies to listed companies whose paid-up equity capital does not exceed Rs 10 crore and whose net worth does not exceed Rs 25 crore. The company states its paid-up equity capital is Rs 5 crore. A certificate from Practicing Company Secretary Shrenik Nagaonkar & Associates is attached confirming these thresholds. However, the same certificate reveals that the company has reported negative net worth for three consecutive years (Rs -190.09 lakh, Rs -107.40 lakh, and Rs -31.13 lakh), though the deficit has been narrowing each year.
This is a routine procedural compliance filing with no direct impact on share price or operations. However, the attached certificate's disclosure of persistent negative net worth (accumulated losses exceeding reserves) is a yellow flag for shareholders, even though the trajectory is improving. Investors should weigh this when assessing the company's financial health.