We submit that as the company falls under the criteria as specified under regulation 15(2) of the SEBI LODR, 2015, the company does not required to comply with the provisions of Reg 24(a) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Narmada Macplast Drip Irrigation Systems has informed BSE that Regulation 24A of SEBI LODR is not applicable to the company. The company qualifies for exemption under Regulation 15(2) of SEBI LODR, 2015 because its paid-up equity share capital is Rs. 362.30 lakhs and net worth is Rs. 233.46 lakhs, both below the prescribed threshold. As a result, the company is not required to submit the Annual Secretarial Compliance Report. The filing has been made as a disclosure under Regulation 30 of SEBI LODR.
This is a routine regulatory compliance disclosure with no material impact on shareholders or stock price. It simply confirms the company's small-cap status, as its capital and net worth fall below SEBI's threshold for certain reporting requirements.