Non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR)(Amendment) Regulations, 2018
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Mahalaxmi Seamless Limited has informed BSE that it is not required to submit the Annual Secretarial Compliance Report for the year ended March 31, 2026. The company claims exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which applies to listed entities with paid-up equity share capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores. The company had previously submitted a Non-Applicability Certificate for Corporate Governance Report, confirming it qualifies for this exemption. The filing is signed by Managing Director Mr. Vivek Madha.
This filing indicates Mahalaxmi Seamless is a small-cap company below SEBI's thresholds for full corporate governance compliance. No direct impact on stock price, but investors should note the company operates under relaxed regulatory requirements due to its smaller size.