We herewith intimate that, pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 201, the company is exempted from filing Annual Secretarial Compliances Report for the period ended March 31, 2025.
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Awaiting price reaction for this filing.
Eastern Treads Limited has informed BSE that it is claiming exemption from filing the Annual Secretarial Compliance Report for the year ended March 31, 2025. The exemption is sought under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which applies to smaller listed companies. As on March 31, 2024, the company's paid-up equity share capital stood at Rs. 5.232 crores, well below the Rs. 10 crore threshold for compliance. The filing also discloses a negative net worth of Rs. -1,396.53 lakhs (approx. Rs. -13.97 crores), indicating the company has accumulated losses exceeding its equity base.
This is a routine procedural compliance filing and is unlikely to move the stock price. However, investors should note the deeply negative net worth, which points to serious financial weakness and accumulated losses, and may warrant caution about the company's long-term financial health.