Attached Certificate of Non-Applicability of Corporate Governance for your record.
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Awaiting price reaction for this filing.
NACDAC Infrastructure Ltd has submitted a declaration to BSE stating that corporate governance provisions under SEBI's Listing Regulations are not applicable to the company. This exemption is because the company's equity shares are listed on the BSE SME Emerge platform, and under Regulation 15(2) of the SEBI LODR Regulations 2015, companies listed on SME exchanges are exempt from these provisions. The company has attached a certificate from Practicing Company Secretary Anu Malhotra & Associates confirming this non-applicability. The filing is dated April 19, 2025 and covers the financial year ended March 31, 2025. This is a routine annual compliance submission with no change in the company's regulatory status or obligations.
This is a standard procedural filing with no material impact on shareholders or the stock price. Investors should note that as an SME-listed company, NACDAC is subject to fewer disclosure and governance requirements compared to companies on the main board.