Non-applicability of Annual Secretarial Compliance Certificate.
Awaiting price reaction for this filing.
Union Quality Plastics Ltd has informed the BSE that the Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR is not applicable to the company for FY ended 31st March 2025. The company is claiming exemption under Regulation 15(2) of SEBI LODR Regulations, 2015, as 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. Listed entities falling below these thresholds are exempted from certain corporate governance and secretarial compliance reporting requirements. The declaration was signed by Kavitha Devi, Company Secretary cum Compliance Officer, on 30th April 2025.
This is a routine compliance declaration and has no direct impact on share price or business. However, it indirectly signals that Union Quality Plastics is a very small company with paid-up capital under Rs. 10 Crores and net worth under Rs. 25 Crores, meaning it benefits from reduced regulatory and corporate governance obligations compared to larger listed firms.