Pursuant to Regulation 24A & 15(2) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), compliance related to submitting the Secretarial Compliance ....
GUJRAFFIA · price
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Awaiting price reaction for this filing.
Gujarat Raffia Industries has informed the BSE and NSE that it is exempt from submitting the annual Secretarial Compliance Report required under SEBI's Regulation 24A. As per Regulation 15(2), this exemption applies to companies whose paid-up equity share capital is below Rs. 10 crore and net worth is below Rs. 25 crore. The company reports its paid-up equity share capital at Rs. 5.40 crore and net worth at Rs. 20.65 crore as on March 31, 2025. Both figures fall below the required thresholds, making the filing non-mandatory for the year. The communication has been signed by Managing Director Pradeep Kumar Bhutoria.
This is a routine administrative disclosure with no material impact on the business or stock price. It simply confirms the company is too small by SEBI's metrics to face the additional secretarial compliance burden, which is neutral for shareholders.