This is to inform that the Annual Secretarial Compliance is not applicable to our company as the paid-up Equity share capital is not exceeding 10 crores and networth not exceeding Rs. 25 ....
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Modern Shares & Stockbrokers Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the financial year ended 31st March 2025. The company claims exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, because its paid-up equity share capital does not exceed Rs. 10 crores and its net worth does not exceed Rs. 25 crores as on the last day of the previous financial year. As a result, the corporate governance provisions, including the secretarial compliance report requirement under Regulation 24A, do not apply to the company. This is a routine disclosure confirming the company's small-cap status and its exemption from a specific compliance obligation.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms the company qualifies for a compliance exemption due to its small size, meaning lower regulatory burden and reduced compliance costs.