Company declares that Regulation 24A of SEBI(LODR)Regulations, 2015 is not applicable for financial year 2024-25 as it is covered under exemption given in Regulation 15(2) of SEBI(LODR)Regulations, ....
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GDL Leasing & Finance Ltd has informed BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) is not applicable to the company for the financial year ended March 2025. The company is claiming exemption under Regulation 15(2) of the SEBI LODR Regulations, which applies to listed entities whose paid-up equity share capital does not exceed Rs 10 crore and net worth does not exceed Rs 25 crore. The company's paid-up capital stood at Rs 3.01 crore and net worth at Rs 3.30 crore as on the last day of the previous financial year, both well below the prescribed thresholds. As a result, the company is not required to file the Annual Secretarial Compliance Report for FY 2024-25. The company has also undertaken to comply with the regulation within six months if it becomes applicable at any future date.
This is a routine regulatory compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company qualifies for a small-cap exemption from certain corporate governance reporting requirements due to its modest size.