Non Applicability of Regulation 24(A) of SEBI LODR Regulations, 2015
Awaiting price reaction for this filing.
HCKK Ventures has informed the stock exchange that Regulation 24A of the SEBI Listing Rules does not apply to it for the financial year ended 31st March 2025. The company qualifies for this exemption because both its paid-up equity share capital and net worth are below the required thresholds of Rs. 10 crore and Rs. 25 crore respectively. As a result, several corporate governance regulations, including 17, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and certain clauses of Regulation 46, are not applicable to the company for FY25. The letter was signed by Prashant Agarwal, Company Secretary.
This is a routine compliance filing and has no direct impact on the stock price. However, it signals that HCKK Ventures is a small-cap company with limited capital base and net worth, which may place it in a lower tier of governance and disclosure obligations compared to larger listed firms.