Non applicability of regulation 24(A) of SEBI (LODR) Regulations for financial year ended 31.03.2025.
Awaiting price reaction for this filing.
Paos Industries Ltd has informed BSE that Regulation 24A of SEBI (LODR), which requires filing of an Annual Secretarial Compliance Report, does not apply to the company for FY ended 31.03.2025. The exemption is being claimed under Regulation 15(2) because, as on 31.03.2024, the company's paid-up equity share capital was ₹6.10 crore (below the ₹10 crore threshold) and its net worth was negative ₹16.29 crore (below the ₹25 crore threshold). Both criteria for exemption are met. This is a routine compliance disclosure filed by the Company Secretary, not a financial or operational announcement.
This is a procedural compliance filing and is unlikely to move the stock. However, investors should note that the company has a negative net worth of ₹16.29 crore, indicating its liabilities exceed its assets, which is a financial health red flag worth monitoring.