Non applicability of Regulation 24 A of Annual Secretarial Compliance Report. The listed entity having paid up capital not exceeding rupees ten crore and net worth not exceeding rupees ....
Awaiting price reaction for this filing.
Max Alert Systems Ltd has informed BSE that Regulation 24A of the SEBI Listing Regulations, which requires submission of an Annual Secretarial Compliance Report, does not apply to the company. This exemption is because the company is listed on the SME Exchange, and under Regulation 15(2) of the SEBI LODR Regulations, SME-listed entities are exempt from this compliance requirement. Additionally, the company qualifies on the basis that its paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore. The company has confirmed it will continue to comply with all other applicable listing requirements.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms the company is exempt from one specific compliance requirement due to its SME listing status and small size.