Regulation 24A of SEBI (LODR) Regulations, 2015 is not applicable on the company as the Paid up Capital and Networth criteria is below the limits mentioned in the Regulation 15(2) of SEBI ....
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Awaiting price reaction for this filing.
ISF Limited has informed BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (which mandates an Annual Secretarial Compliance Report) does not apply to the company. This is because the company's paid-up equity share capital of Rs. 9.50 crore and net worth of Rs. 13.43 crore, as per audited financials for the year ended 31 March 2024, are both below the exemption thresholds of Rs. 10 crore and Rs. 25 crore respectively. The company falls under the small listed entity exemption under Regulation 15(2)(a). ISF has also committed that it will comply with Regulation 24A within six months if its capital or net worth crosses the threshold in the future.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply confirms ISF's small-cap status and its exemption from submitting an Annual Secretarial Compliance Report for the current period.