Pursuant to the Regulations 24A of SEBI LODR,2015, as the paid-up capital and net worth of company is below Rs 10 Cr and Rs 25 Cr respectively the company is not required to submit the ....
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Hittco Tools Ltd has disclosed that it is exempt from submitting documents under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The exemption applies because the company's paid-up capital is below Rs 10 crore and its net worth is below Rs 25 crore. These thresholds determine which companies must comply with certain annual reporting requirements under SEBI regulations. The company falls below both thresholds, qualifying it for this exemption.
This disclosure indicates Hittco Tools is a smaller company relative to SEBI listing thresholds. The exemption itself is not negative — it simply reflects the company's current size. Shareholders should note the company remains listed but with reduced disclosure obligations due to its smaller scale.