Certificate for Non Applicability of Annual Secretarial compliance under regulation 24 A
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Awaiting price reaction for this filing.
Neo Infracon Ltd has submitted a certificate to BSE confirming that it is exempt from filing the Annual Secretarial Compliance Report (ASCR) and complying with corporate governance provisions under SEBI (LODR) Regulations. The exemption applies because, as on 31 March 2025, the company's paid-up equity share capital was Rs. 5.31 crore and net worth was Rs. 6.71 crore, both well below the Rs. 10 crore paid-up capital and Rs. 25 crore net worth thresholds specified in Regulation 15. The certificate has been issued by Practising Company Secretary Vijay Kumar Mishra of VKM & Associates. Historical financials show paid-up capital has remained constant at Rs. 5.30 crore since FY 2021-22, while net worth has gradually grown from Rs. 6.32 crore to Rs. 6.71 crore over four years.
This is a routine compliance filing and is not expected to affect the stock price. It confirms the company qualifies for reduced regulatory compliance, which lowers its administrative burden but also means investors get less detailed governance disclosures than larger listed entities.