Non applicability of Regulation 24(A) of SEBI (LODR) 2018 on the company.
Awaiting price reaction for this filing.
Paos Industries Ltd has informed BSE that it qualifies for exemption from Regulation 24(A) of SEBI (LODR) 2018, which requires an Annual Secretarial Compliance Report. The company meets the criteria under Regulation 15(2) as its paid-up equity share capital is Rs 6.10 crore (below Rs 10 crore threshold) and net worth is negative Rs 15.86 crore (below Rs 25 crore threshold). A supporting net worth certificate from Chartered Accountants shows the company has had negative net worth for three consecutive years: FY 2023 (-Rs 15.99 crore), FY 2024 (-Rs 16.30 crore), and FY 2025 (-Rs 15.86 crore). The company has accumulated losses of Rs 43.53 lakh in FY 2025.
The exemption means the company avoids additional compliance costs but investors should note the company has been operating with negative net worth for multiple years, indicating significant financial stress. The stock remains listed but with weak financials.