NON APPLICABILITY CERTIFICATE UNDER REG 24 A FOR THE YEAR ENDED 31/03/2025
Awaiting price reaction for this filing.
Deccan Bearings Limited has informed BSE that filing the Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR Regulations is not applicable to the company. The company is claiming exemption under Regulation 15(2) because its paid-up equity share capital does not exceed Rs. 10 crores and its net worth does not exceed Rs. 25 crores as on the last day of the previous financial year. As a result, it is not required to submit the Annual Secretarial Compliance Report for the year ended 31st March 2025. The communication is signed by Managing Director Priyankbhai Vasantbhai Ghelani.
This is a routine compliance filing with no direct impact on shareholders or stock price. However, it signals that the company qualifies as a small listed entity based on capital and net worth thresholds, meaning it carries lighter corporate governance reporting obligations compared to larger listed firms.