Non-applicability of Annual Secretarial Compliance Report for the year ended March 31, 2025.
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has informed BSE that it is exempt from filing the Annual Secretarial Compliance Report for the year ended March 31, 2025, under Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements. The exemption applies because, as of March 31, 2024, the company's paid-up equity share capital stood at Rs. 4.57 crore (below the Rs. 10 crore threshold) and its net worth was Rs. 4.38 crore (below the Rs. 25 crore threshold) under Regulation 15(2) of SEBI LODR. Because the company falls under the small-entity threshold for corporate governance requirements, this compliance report does not apply to it. The letter is signed by Managing Director Prafulbhai P. Bavishiya and is a routine regulatory disclosure to BSE.
This is a routine compliance notification and has no material impact on shareholders or the stock price. It simply confirms the company qualifies as a small listed entity and is therefore exempt from one specific secretarial compliance filing.