Declaration with respect to Non Applicability of Regulation 24A of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
The company has informed BSE that Regulation 24A of SEBI (LODR) Regulations, 2015, which mandates submission of an Annual Secretarial Compliance Report, does not apply to the company. The exemption is claimed on the grounds that the company's paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as of the last day of the previous financial year. The company cites relevant SEBI circulars from May 2019 to support its exemption claim. This is a routine compliance disclosure and does not indicate any financial weakness or risk.
No direct impact on shareholders. The company is simply confirming its exempt status from a regulatory requirement due to its small size. No material change to business operations or financial position.