Non-applicability of Annual Secretarial Audit Report under Regulation 24A
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Emerald Leisures Ltd has informed the BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) is not applicable to the company. The exemption applies because the company's paid-up equity share capital is below Rs. 10 Crores and its net worth is below Rs. 25 Crores as on 31 March 2025. Consequently, the company is not required to file the Annual Secretarial Compliance Report or the Annual Secretarial Audit Report for the financial year ended 31 March 2025. Regulation 27(2) of SEBI LODR, which deals with corporate governance compliance, is also not applicable to the company. The filing was signed by Rajesh Loya, Whole-Time Director, on 29 May 2025.
This is a routine regulatory disclosure and is not expected to materially affect the stock price or shareholder value. It does, however, confirm that Emerald Leisures is a small-cap company below the SEBI-mandated thresholds for enhanced secretarial audit and corporate governance reporting.