Non - applicability of Annual Secretarial Compliance Report for year ended on 31 March, 2025
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Lerthai Finance Ltd has informed the stock exchanges that the Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR Regulations 2015 does not apply to the company. The company is claiming exemption under Regulation 15(2) of SEBI LODR because its paid-up share capital is below Rs. 10 crore and net worth is below Rs. 25 crore. As a result, several corporate governance regulations (17, 17A, 18–27) and related clauses of Schedule V are also not applicable to the company. The filing is a routine compliance disclosure and was signed by Sneha Khandelwal, Company Secretary, on 7 April 2025.
This is a routine procedural disclosure with no direct impact on shareholders or stock price. It simply confirms that Lerthai Finance qualifies as a small-cap entity (sub-Rs. 10 crore capital and sub-Rs. 25 crore net worth), which means reduced governance and reporting obligations. Investors should note the company's small size, but the filing itself is non-event in nature.