Gujarat Raffia Industries Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the quarter ended as on 30th June, 2025
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Gujarat Raffia Industries told BSE and NSE that the quarterly Corporate Governance report under SEBI's LODR Regulation 27(2) does not apply to it for the quarter ended 30 June 2025. The company qualifies for an exemption under Regulation 15(2)(a) because its paid-up equity capital (Rs. 5.40 crore) is below Rs. 10 crore and net worth (Rs. 21.18 crore as of FY25) is below Rs. 25 crore. These thresholds have been met for the last three financial years (FY23, FY24, FY25), with paid-up capital flat at Rs. 540.45 lakh and net worth rising from Rs. 20.12 crore to Rs. 21.18 crore. BSE had queried the missing PCA/PCS certificate on 15 July 2025, and the company has now filed a revised non-applicability letter along with a chartered accountant certificate from KPSJ & Associates LLP confirming the exemption. The company has committed to complying with the regulation once it becomes applicable in the future.
This is a routine regulatory clarification with no business or valuation impact. It confirms the company is small enough to be exempt from detailed quarterly corporate governance reporting, and resolves a procedural query from BSE. No material change for shareholders.