Non Applicability Certificate of Regulation 24(A) for the Period ended as on 31st March 2025
Awaiting price reaction for this filing.
Geetanjali Credit and Capital Ltd has informed BSE that the Annual Secretarial Compliance Report under SEBI's Regulation 24A is not applicable to the company for the year ended 31 March 2025. The company is claiming exemption under Regulation 15(2) of SEBI LODR Regulations because its paid-up equity share capital and net worth fall below the required thresholds. As on 31 March 2024, the company's paid-up equity capital was Rs. 441.92 lakhs (around Rs. 4.42 crore) and net worth was Rs. 312.55 lakhs (around Rs. 3.13 crore), both well below the Rs. 10 crore and Rs. 25 crore limits respectively. Since corporate governance provisions do not apply, the company will not be submitting the Annual Secretarial Compliance Report. However, the company has stated that it will comply with the regulation within 6 months from the date it becomes applicable.
This is a routine regulatory compliance update with no material impact on shareholders or the stock price. It simply confirms that the company is too small (in terms of capital and net worth) to be subject to additional secretarial compliance reporting requirements.