Dear Sir/Madam, We would like to inform you that pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Compliances with the Corporate ....
Awaiting price reaction for this filing.
Mackinnon Mackenzie & Company has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report for the year ended March 31, 2025. Under SEBI's Listing Regulations (Regulation 15(2)), companies with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore are exempt from several corporate governance requirements. Since the company's paid-up share capital and net worth as on March 31, 2024 were both below these thresholds, it qualifies for this exemption. Consequently, the company is not required to file the Annual Secretarial Compliance Report under Regulation 24A for FY25. The filing is signed by Director Mr. Nandkishor Yashwant Joshi (DIN: 09324612).
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small-cap entity below SEBI's governance thresholds, reducing its compliance burden for the year.