The net worth and paid up capital as on 31-3-2025 are way below the prescribed limit under Reg 15(2) of LODR 2015 , the exemption in respect of corporate governance is applicable to the ....
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Awaiting price reaction for this filing.
Maris Spinners Limited has informed BSE that its paid-up equity share capital of Rs. 7.92 crore and net worth of Rs. 19.84 crore as on 31 March 2025 are well below the SEBI thresholds of Rs. 10 crore (paid-up capital) and Rs. 25 crore (net worth) prescribed under Regulation 15(2) of SEBI (LODR) 2015. On this basis, the company qualifies for exemption from various corporate governance regulations for the financial year 2025-26. A net worth certificate issued by the statutory auditors, Raghavan, Chaudhuri & Narayanan, dated 16 July 2025, confirming the Rs. 19.84 crore figure has been submitted along with the filing. The company has requested BSE to take the exemption on record.
This is a routine compliance disclosure and not a material event for the stock price. However, it confirms Maris Spinners is a very small listed company, and shareholders should note that reduced corporate governance reporting requirements may mean lower public disclosures compared to larger listed entities.