Non Applicability of Annual Secretarial Compliance Report for the year ended March 31st, 2025
Awaiting price reaction for this filing.
Fraser and Company Limited has informed the stock exchanges that it is not required to submit the Annual Secretarial Compliance Report for the year ended March 31, 2025. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This exemption applies because the company's Paid-Up Equity Share Capital is Rs. 8.12 crore (below the Rs. 10 crore threshold) and its Net Worth is also below Rs. 25 crore as of March 31, 2025. The filing was signed by Managing Director Omkar Rajkumar Shivhare on April 10, 2025.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small-cap listed entity and is therefore exempt from certain corporate governance compliance requirements, including the Annual Secretarial Compliance Report.