Non Applicability of Reg. 24(A) i.e. Annual Secretarial Compliance for the Period ended as on 31.03.2025
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Padmanabh Industries Ltd has informed BSE that the Annual Secretarial Compliance Report under SEBI Regulation 24A is not applicable to the company for FY ending 31 March 2025. Under SEBI LODR Regulation 15(2), listed entities with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore are exempted from this and various other corporate governance compliance requirements. The company falls below these thresholds and therefore does not need to file the Annual Secretarial Compliance Report. The intimation has been signed by Managing Director Hardwari Santoshkumar on 14 April 2025.
This is a routine procedural intimation with no material impact on shareholders or stock price. It simply confirms the company is a small-cap entity exempted from certain corporate governance filings due to its size, meaning reduced compliance and disclosure requirements. Investors should note the company's small scale (low paid-up capital and net worth) which is the reason for the exemption.