I want to acknowledge that vide Circular Nos. LIST/COMP/10/2019-20 and LIST/COMP/12/2019- 20 dated 9th May, 2019 and 14th May 2019, respectively has clarified that the above stated compliance ....
Awaiting price reaction for this filing.
ND Metal Industries Ltd has submitted a disclosure to BSE stating that it is not required to comply with Regulation 24A of SEBI (LODR) Regulations, 2018. The company qualifies for exemption under Regulation 15(2) because its paid-up equity share capital (Rs. 2.48 crore) and net worth (Rs. 2.99 crore approximately) are below the thresholds of Rs. 10 crore and Rs. 25 crore respectively. As a result, the company is not required to submit an Annual Secretarial Compliance Report to the Stock Exchanges. This is filed as a disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
This is a routine compliance filing confirming the company's exemption status. The small paid-up capital and net worth indicate ND Metal Industries is a small-cap listed entity. No direct impact on shareholders expected, though it highlights the company's relatively small size relative to other listed entities.