Intimation for non-applicability of regulation 24A and 27 of SEBI LODR
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Awaiting price reaction for this filing.
Manraj Housing Finance Ltd has informed BSE that it is exempt from filing the Annual Secretarial Compliance Report under Regulation 24A and the Quarterly Corporate Governance Report under Regulation 27(2) of SEBI LODR Regulations. The exemption is claimed under Regulation 15(2), which applies to listed entities with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As on 31 March 2025, the company's paid-up equity capital is Rs. 5 crore and net worth is negative at Rs. -27,79,989/-. Both figures fall well within the exemption thresholds.
This is a routine compliance intimation and is not material to the stock price. However, the disclosed negative net worth of around Rs. -27.8 lakh signals financial weakness that shareholders should monitor closely, as the company is technically insolvent on a book-value basis.