Submission of clarification regarding Non-Applicability of Annual Secretarial Compliance Report on Panafic Industrials Limited for the F.Y. ended on 31st March, 2025
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Panafic Industrials Ltd has submitted a clarification to BSE stating that the Annual Secretarial Compliance Report under SEBI Regulation 24A is not applicable to the company for FY ended 31 March 2025. As per SEBI Regulation 15, the compliance report requirement does not apply to listed companies whose paid-up equity share capital is up to Rs. 10 crore and net worth is up to Rs. 25 crore. The company's paid-up share capital is Rs. 8.21 crore and net worth is Rs. 9.88 crore (as on 31 March 2024), both well below the prescribed thresholds. The company is therefore exempt from filing this report. The clarification was signed by Managing Director Sarita Gupta.
This is a routine procedural filing with no material impact on shareholders or stock price. It simply confirms the company's small-cap status (below SEBI's corporate governance thresholds) and its exemption from a specific compliance requirement. No business or financial action is implied.