Krishna Defence And Allied Industries Limited has informed regarding Submission of declaration of Non-Applicability of Corporate Governance signed by the compliance officer along with a certificate from PCS
KRISHNADEF · price
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Awaiting price reaction for this filing.
Krishna Defence and Allied Industries has submitted a declaration stating that corporate governance norms are not applicable to the company, along with a certificate from a Practicing Company Secretary (PCS). Under SEBI's Listing Regulations, companies with paid-up equity capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore are exempted from certain corporate governance requirements (composition of Board, committees, etc.). The filing confirms the company qualifies as a small-cap entity below these thresholds. This is a routine quarterly/annual compliance submission required from companies that fall in the exempted category.
This is a routine regulatory disclosure with no direct impact on shareholders or stock price. It simply confirms the company is small enough to be exempt from certain corporate governance rules, meaning it is not required to have a specified number of independent directors or fully constituted Board committees.