Non-applicability of Annual Secretarial Compliance Report for the year ended 31st March, 2026
Awaiting price reaction for this filing.
OTCO International Ltd has informed BSE that it is not required to submit an Annual Secretarial Compliance Report under SEBI Regulation 24A, citing exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015. The exemption applies because the company falls below the threshold for corporate governance provisions — its paid-up equity share capital is Rs. 2,59,36,240 (approx. Rs. 2.59 crore) and net worth is Rs. 26,610 (in thousands), both below the Rs. 10 crore and Rs. 25 crore limits respectively as per the last audited balance sheet dated 31 March 2025. The company states it will comply with these regulations within 6 months from the date of applicability.
This filing has no immediate impact on the stock — OTCO International qualifies for exemption due to its small size. Shareholders should note that enhanced corporate governance requirements will kick in once the company crosses the size thresholds.