Quarterly Compliance report on Corporate Governance for the quarter ended March 31, 2025
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Awaiting price reaction for this filing.
Infonative Solutions Ltd has informed BSE that the quarterly Corporate Governance Report for the quarter ended March 31, 2025 is not applicable to the company. The exemption is claimed under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, because the company's shares are listed on the SME Platform of BSE and it also falls below the paid-up equity capital threshold of Rs. 10 crore and net worth threshold of Rs. 25 crore. The letter, signed by Whole-Time Director Saurabh Kathuria on May 6, 2025, simply confirms regulatory exemption rather than disclosing any governance details. Notably, the filing also states that as on March 31, 2025, the company's status is described as an 'Unlisted Public Company,' which appears inconsistent with its SME listing on BSE under Code 544393 and ISIN INE12IB01015.
This is a routine procedural filing with no direct impact on shareholders or stock price. However, the contradictory 'unlisted' status statement alongside an active SME listing is unusual and may be worth seeking clarification on from the company.