Enclosed herewith Non-Applicability of Annual Secretarial Compliance report under Regulation 24A of the SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015, for the ....
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Mahasagar Travels Ltd has informed BSE that the Annual Secretarial Compliance Report under Regulation 24A of the SEBI Listing Regulations does not apply to the company for the financial year ended 31st March 2025. The exemption is because the company's paid-up share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore as on the last day of the previous financial year. Under Regulation 15(2) of SEBI LODR, companies below these thresholds are exempted from several corporate governance provisions, including Regulation 24A. The communication was signed by Chirag Sangatani, Company Secretary & Compliance Officer, on 28th May 2025.
This is a routine regulatory filing with no material impact on the business or stock price. It simply confirms the company is small enough to be exempt from a specific compliance requirement, meaning shareholders should not expect additional governance disclosures from this filing.