Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Polypacks Ltd has submitted a certificate from a Practicing Company Secretary confirming that the company qualifies for exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The exemption applies because the company's paid-up equity capital of ₹2.11 crore is below the ₹10 crore threshold. The company's net worth has been negative for three consecutive years — ₹-2.65 crore (FY22), ₹-1.75 crore (FY23), and ₹-1.47 crore (FY24) — meaning it does not exceed the ₹25 crore ceiling either. As a result, the company is not required to comply with several corporate governance rules, including Regulation 23(9) regarding related party transactions.
Shareholders should note that the company has consistently negative net worth, indicating accumulated losses and weak financial health. While the exemption reduces compliance burden, it also means less disclosure on related party dealings. This is a small-cap, financially distressed company and investors should evaluate the underlying business before investing.