Non Applicability of Secretarial Compliance Report under Regulation 24A of SEBI(LODR) Regulations, 2015 for the quarter and year ended on 31.03.2026.
Awaiting price reaction for this filing.
Suryavanshi Spinning Mills Ltd has informed BSE that it is exempt from submitting the Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015. The exemption is claimed under Regulation 15(2), which applies to listed entities with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. The company's paid-up equity share capital is Rs. 4,91,08,260 (approximately Rs. 4.91 crore), which is below the Rs. 10 crore threshold. Additionally, the company has negative net worth of Rs. (8,65,49,295) as on 31st March 2026 and Rs. (9,90,56,652) as on 31st March 2025, both well below the Rs. 25 crore limit. This is a routine regulatory compliance filing confirming the company's exemption status.
This is a routine compliance filing and does not directly impact shareholders. However, the company continues to operate with negative net worth, which is a concern for investors. The filing merely confirms the company qualifies for an exemption from certain SEBI governance requirements due to its small size.