Niraj Ispat Industries Limited has informed the Exchange regarding 'Non-applicability of Annual Secretarial Compliance Report under Regulation 24A of theSEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.'.
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Niraj Ispat Industries Limited has notified NSE that it is exempt from submitting an Annual Secretarial Compliance Report under SEBI Regulation 24A. The exemption applies because the company's paid-up equity share capital is Rs. 0.60 crore and net worth is Rs. 14.30 crore, both falling below the thresholds of Rs. 10 crore and Rs. 25 crore respectively as of 31st March 2025. The company qualifies under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which provides exemptions for smaller listed companies. A secretarial auditor certificate confirming this exemption has also been provided.
This is a routine regulatory compliance notification with no direct impact on shareholders or stock price. The company remains listed but with simplified compliance requirements due to its small size. Investors should note this indicates a smaller company with market capitalisation well below typical thresholds.