Non Applicability of Annual Sectatrial Compliance under regulations 24(A) of SEBI(LODR) 2015 for the quarter and year ended 31.03.2025.
Awaiting price reaction for this filing.
Suryavanshi Spinning Mills has informed the BSE that it is exempt from filing the yearly Secretarial Compliance Report under SEBI's Listing Regulations. The exemption applies because the company's paid-up equity capital is about Rs. 4.91 crore (below the Rs. 10 crore threshold) and its net worth is far below the Rs. 25 crore limit. Notably, the company's net worth is negative, standing at roughly Rs. -9.91 crore as of 31 March 2025, further eroded from about Rs. -8.23 crore a year earlier. The company is therefore classified as a small, non-governance-heavy listed entity under SEBI rules. This is a routine regulatory disclosure and does not reflect any new business event.
No direct share-price impact — this is a routine procedural filing. However, the negative and worsening net worth highlights ongoing financial weakness that existing shareholders should be aware of.