Provisions of Regulation 24(A) of SEBI (LODR) Regulations, 2015 are not applicable on the Company as it falls under the criteria mentioned in Regulation 15(2) of SEBI (LODR) Regulations, 2015
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Orosil Smiths India Limited has informed the BSE that Regulation 24A of SEBI (LODR) Regulations, 2015 is not applicable to the company for the financial year ended March 31, 2025. This regulation requires listed entities to file an Annual Secretarial Compliance Report. The company qualifies for exemption under Regulation 15(2) because its paid-up equity share capital stands at Rs. 4.13 crore and its net worth is Rs. 2.22 crore as of March 31, 2025, both below the prescribed thresholds. The net worth has grown modestly from Rs. 1.61 crore in FY24 to Rs. 2.22 crore in FY25.
This is a routine compliance disclosure and has no material impact on shareholders or the stock price. It simply confirms the company is a small-cap entity exempt from an additional secretarial reporting requirement.