Disclsoure of non appliability of submission of secretarial compliance report under reg 24A(2) as reuired under reg 7(2) of SEBI (LODR) 2015
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Frontline Corporation Ltd has informed stock exchanges (BSE and Calcutta Stock Exchange) that submitting a Secretarial Compliance Report under Regulation 24A(2) is not applicable to the company. This exemption is due to the company's Paid-up Share Capital of Rs. 4.98 crore and Net Worth of Rs. 15.39 crore as on 31 March 2025, both of which fall below the SEBI-prescribed thresholds. As a result, certain Corporate Governance provisions under SEBI LODR Regulations, 2015 do not apply to the company. The disclosure has been signed by Suresh Kumar Verma, Company Secretary and Compliance Officer.
This is a routine regulatory disclosure with no material impact on shareholders or stock price. It simply confirms that the company qualifies for exemptions from certain corporate governance compliance requirements due to its smaller size.