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Navigant Corporate Advisors Ltd has informed BSE that the Annual Secretarial Compliance Report under SEBI Regulation 24A is not applicable to the company for FY ending 31 March 2025. The company is claiming exemption under Regulation 15(2) of SEBI LODR because it is listed on the SME platform of BSE and meets the size criteria — paid-up equity share capital of Rs. 3.15 crore (below the Rs. 10 crore limit) and net worth of Rs. 10.51 crore (below the Rs. 25 crore limit) as on 31 March 2024. Consequently, corporate governance provisions including the annual secretarial compliance report do not apply to the company. The letter is signed by Managing Director Sarthak Vijlani.
This is a routine compliance clarification with no material impact on shareholders or the stock price. It simply confirms the company is small enough and on the SME platform to be exempt from one specific annual filing requirement.