Non Applicability of Regulation 24(A) of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 for submitting Annual Secretarial Compliance Report for the ....
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Mehta Securities Ltd has informed BSE that it is not required to submit the Annual Secretarial Compliance Report under Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations for FY ending March 2025. The company qualifies for an exemption under Regulation 15(2) of SEBI LODR Regulations, 2015 because its paid-up equity share capital (Rs. 308.94 lakhs) and net worth (Rs. 538.52 lakhs) as of FY 2023-24 are both well below the prescribed thresholds of Rs. 10 crore and Rs. 25 crore respectively. A certificate from practicing Company Secretaries (Rohit Bajpai & Associates) confirming this non-applicability has been enclosed with the filing.
This is a routine regulatory filing with no material impact on shareholders or stock price. It simply confirms that as a small-cap listed entity, Mehta Securities is exempt from submitting an additional annual secretarial compliance report, reducing its compliance burden.