Non Applicability of Regulation 24 (A) of SEBI (LODR) Regulation, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Marg Techno Projects Ltd has informed stock exchanges that it was exempt from Regulation 24A (Annual Secretarial Compliance Report) for FY 2025-26 because it qualified under Regulation 15(2) exemption criteria. As of 31 March 2025, the company had paid-up equity capital of Rs. 10 crore and net worth of Rs. 12.64 crore, both within the SME exemption thresholds. A Chartered Accountant certificate confirms these figures for FY 2022-23 through FY 2024-25. However, the company acknowledges that as of 31 March 2026, it has exceeded the prescribed threshold limits, meaning corporate governance provisions will now apply. The company has six months from when provisions become applicable to ensure compliance.
For FY 2025-26, the company remains exempt from secretarial compliance reporting. However, crossing the Rs. 10 crore capital threshold means the company will need to comply with full corporate governance requirements going forward, increasing compliance costs and obligations.