Intimation of non-applicability of Regulation 24(2) of SEBI (LODR) Regulations, 2015 as the company falls under the exemption specified under Regulation 15(2) of SEBI (LODR) Regulations, 2015.
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New Light Apparels Limited (BSE Scrip Code: 540243) has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report for FY ending 31st March 2025. This exemption is available under Regulation 15(2) of SEBI LODR Rules, which applies to companies with paid-up capital below ₹10 crore and net worth below ₹25 crore. The company's paid-up capital stands at ₹8.76 crore and net worth at ₹14.39 crore, both below the specified thresholds. Therefore, corporate governance provisions including Regulation 24A(2) do not apply to the company.
This is a routine compliance intimation with no material impact on the stock price or shareholder value. It simply confirms the company qualifies for regulatory exemptions due to its small size, meaning fewer reporting obligations compared to larger listed companies.