Enclosed herewith the declaration regarding non-applicability of regulation 24(A) of SEBI(LODR) Regulations, 2015 for your information.

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Price reaction · full curve 14 horizons · vs prior close

-0.6%1-day move

₹104.39

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AI summary

Katare Spinning Mills Ltd has declared to BSE that Regulation 24(A) requiring an Annual Secretarial Compliance Report is not applicable to the company. The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, based on the company's size being below the prescribed threshold. As of 31st March 2025, the company's paid-up capital is Rs. 2.85 crore and net worth is Rs. 2.73 crore, both below Rs. 25 crore. A Chartered Accountant's certificate confirming these figures is attached. The company also claims exemption from several other corporate governance regulations (17-27) under the same provision.

Likely market impact

This is a routine compliance filing confirming the company's exemption from certain SEBI governance requirements due to its small size. No immediate impact on shareholders or stock price, but investors should note the company's declining net worth from Rs. 6.26 crore (FY2023) to Rs. 2.73 crore (FY2025).