Non - Applicability of Regulation 24A of SEBI (Listing Obligation and Disclosure),Regulation ,2015
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Kimia Biosciences has informed BSE that Regulation 24A of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. Under Regulation 15(2) of the LODR rules, companies with an equity share capital below Rs. 10 crore and a net worth below Rs. 25 crore are exempt from filing an Annual Secretarial Compliance Report. Based on the audited financial statements for the year ended March 31, 2025, the company meets both these thresholds. As a result, it is not required to submit the annual secretarial compliance report to the exchanges. The communication was signed by Pallavi Garg, Company Secretary & Compliance Officer.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that Kimia Biosciences is a small-cap company (equity under Rs 10 crore, net worth under Rs 25 crore) and is therefore exempt from one specific SEBI reporting requirement.