Non- Applicability of Regulation 24A of SEBI (LODR), 2015
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Marg Techno Projects has informed BSE (scrip 540254) and MSEI (scrip 35404) that SEBI's Regulation 24A does not apply to the company. Under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, companies with paid-up equity share capital under ₹10 crore and net worth under ₹25 crore are exempt from several corporate governance provisions, including the requirement to file an Annual Secretarial Compliance Report. The company's paid-up equity capital is around ₹6–6.6 crore and its net worth stands at approximately ₹12.99 crore as per unaudited FY 2024-25 figures, well within the exemption thresholds. A certificate from chartered accountants Sheladiya & Jyani confirms these numbers across FY 2022-23, FY 2023-24, and FY 2024-25. The company has also undertaken to comply with the regulation within six months if it ever becomes applicable later.
This is a routine regulatory disclosure with no direct impact on shareholders or the stock price. It simply confirms the company's small-cap status, which exempts it from submitting the Annual Secretarial Compliance Report for the year.