Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable on the Company as paid-up share capital and Networth criteria is below the limits ....
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Helpage Finlease Limited has informed the BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. This regulation, which requires listed entities to submit an Annual Secretarial Compliance Report, is exempt for companies with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As per the audited balance sheet as of 31st March 2024, the company's paid-up share capital stands at Rs. 9,94,75,000 and net worth at Rs. 15,32,79,855, both of which fall below the prescribed thresholds. The company has also undertaken to comply with the regulation within six months if it becomes applicable at a later date.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small-cap entity exempted from the annual secretarial compliance reporting requirement under SEBI norms.