No Corporate Governance Report filing required; SME exemption applies

Compliance View source PDF Explain this filing

NMSTEEL · price

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Price reactionminutes from the announcement price · days from the prior close

-14.1%Next day

₹22.35

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Nifty Microcap 250market · in no size index; the smallest one is used-3.3%-10.8% vs market

By the next day the stock moved 10.8 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-14.1-3.3-10.8

-0.4-2.9+2.5

-0.4pendingpending

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AI summary

Newmalayalam Steel Limited informed NSE that it is exempt from filing the quarterly Corporate Governance compliance report. As the company is listed on the SME platform of NSE and its paid-up equity capital does not exceed Rs 10 crore with net worth below Rs 25 crore, it qualifies for exemption under Regulation 15(2) of SEBI LODR Regulations, 2015. The company confirmed that related party transaction rules under Regulation 23 still apply.

Likely market impact

Routine regulatory filing with no material impact on shareholders or stock price.