Clarification for Non-Applicability of Regulation 24A regarding Annual Secretarial Compliance Report for the Financial Year ended on 31st March 2025
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Interactive Financial Services Ltd has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report under SEBI's Regulation 24A for FY ended 31 March 2025. As per Regulation 15, this report is only required if a company's paid-up equity capital exceeds Rs. 10 crore and net worth exceeds Rs. 25 crore. The company's paid-up equity share capital is Rs. 3.01 crore and its net worth is Rs. 12.82 crore, both well below the thresholds. Therefore, the company qualifies for the exemption and need not file the compliance report. The clarification was signed by Managing Director Pradip R. Sandhir on May 13, 2025.
This is a routine compliance clarification with no material impact on shareholders or the stock. It simply confirms the company is small enough (by capital and net worth) to be exempt from an additional SEBI reporting requirement, reflecting its modest size rather than any positive or negative business development.