Non applicability of Annual Secretarial Compliance
Awaiting price reaction for this filing.
Avishkar Infra Realty Ltd (formerly Joy Realty Limited) has informed BSE that it is exempt from filing the Annual Secretarial Compliance Report for the financial year ended 31 March 2025. The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, because the company's paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as on the last day of the financial year. A certificate from a practising Company Secretary (M K Samdani & Co.) confirming this non-applicability has been attached. Consequently, Regulation 24A of SEBI LODR does not apply to the company for this period.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply confirms that the company falls below SEBI's size thresholds (Rs. 10 crore capital / Rs. 25 crore net worth), indicating it is a small-cap entity and not required to submit the additional secretarial compliance report that larger listed companies must file.