Exemption for submitting Annual Secretarial Compliance Report for the financial year ended on March 31, 2025.
Awaiting price reaction for this filing.
BJ Duplex Boards Ltd has informed the BSE and Calcutta Stock Exchange that it is exempt from filing the Annual Secretarial Compliance Report for the financial year ending March 31, 2025. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Regulations because its paid-up equity share capital (Rs. 49.29 Lakhs as of March 31, 2024) is below the Rs. 10 crore threshold and its net worth is a deficit of Rs. 153.56 Lakhs, well below the Rs. 25 crore threshold. As a result, Regulation 24A requirements for the secretarial compliance report do not apply to it. This is essentially a procedural disclosure confirming the company's small-cap status and that it falls below key compliance thresholds.
This is a routine procedural filing for a very small listed company and is unlikely to move the stock price. However, the negative net worth (deficit of Rs. 153.56 Lakhs) is a notable point for shareholders, signalling weak financial health that prospective investors should factor in.