Intimation of non-applicability of Annual Secretarial Compliance Report as per Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the year ended ....
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Miven Machine Tools Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for FY ended 31 March 2025. The company qualifies for exemption under Regulation 15(2) of SEBI LODR because its paid-up share capital is only INR 3.00 crores (below the INR 10 crore threshold) and its net worth stands at negative INR 4.90 crores as on 31 March 2024 (below the INR 25 crore threshold). The filing has been made under Regulation 30 of SEBI LODR as a formal disclosure.
This is a routine regulatory disclosure with no direct impact on shareholders. However, the negative net worth of around INR 4.90 crores is a red flag worth noting, as it indicates the company's liabilities exceed its assets.