Non-applicability of Annual Secretarial Compliance Report for the year ended March 31, 2025
Awaiting price reaction for this filing.
Onix Solar Energy Ltd (formerly known as ABC Gas (International) Limited) 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 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 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. As a result, corporate governance regulations, including the secretarial compliance report requirement under Regulation 24A, do not apply to the company. The filing was signed by Director Nikhil Savaliya on April 17, 2025.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small-cap listed entity (under Rs. 10 crore capital and Rs. 25 crore net worth) and is therefore exempt from certain corporate governance reporting norms applicable to larger listed companies.