Gujarat Raffia Industries Limited has informed regarding Submission of the Non Applicability of Corporate Governance Report for the Quarter Ended 30th June 2025
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Gujarat Raffia Industries Limited has informed stock exchanges (BSE, NSE, CSE) that it is not required to file the quarterly Corporate Governance Report for the quarter ended 30 June 2025. The company is availing an exemption under Regulation 15(2)(a) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This exemption applies because the company's paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as on the last day of FY25. The company has stated it will comply with the regulation if it becomes applicable at a later date. The letter is signed by Whole Time Director Mrs. Sushma Pradeep Bhutoria.
This is a routine compliance filing with no direct impact on shareholders or stock price. However, it confirms that Gujarat Raffia Industries is a very small listed entity (paid-up capital under Rs. 10 crore and net worth under Rs. 25 crore), indicating limited scale of operations.