Non-applicability of Annual Secretarial Compliance Report for the year ended March 31, 2025
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the financial year ended March 31, 2025. The company claims exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This exemption applies because the company's paid-up equity share capital is not more than Rs. 10 Crores and its net worth is not more than Rs. 25 Crores as on the last day of the previous financial year. The filing was signed by Director Nikhil Savaliya (DIN: 07737935) and submitted to BSE on April 14, 2025.
This is a routine regulatory disclosure confirming small-cap status and exemption from a specific corporate governance filing. It is not expected to materially affect the stock price, though it does signal that the company remains a small-cap entity by capital and net worth thresholds.