Noa Applicability of Corporate Goverance
Awaiting price reaction for this filing.
Centerac Technologies Ltd has informed BSE that it is exempt from filing the quarterly Corporate Governance Report for the quarter ended 31st March 2025. The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which applies to listed companies whose paid-up equity share capital does not exceed Rs. 10 crores and net worth does not exceed Rs. 25 crores. As on 31st March 2025, the company's paid-up equity share capital was Rs. 1.10 crore (Rs. 1,10,34,700) and its net worth was just Rs. 6.18 lakhs, as certified by a practicing company secretary. The filing also reveals that the company carries negative retained earnings of Rs. 113.69 lakhs, indicating accumulated losses over the years, although net worth has improved from a negative Rs. 14.80 lakhs in FY23 to positive Rs. 6.18 lakhs in FY25.
This is a routine procedural compliance filing and has no direct material impact on shareholders or the stock price. However, the very low net worth, accumulated losses, and small capital base indicate that the company is a tiny micro-cap entity — investors should weigh these weak financial fundamentals carefully, as such companies often carry higher risk and lower liquidity.