Non Applicability of Secretarial Compliance Report as per Regulation 24A of the SEBI LODR Regulations, 2015
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Awaiting price reaction for this filing.
Parker Agrochem Exports Ltd has informed BSE that it is exempt from filing the annual Secretarial Compliance Report for FY ending 31 March 2025. The exemption applies because the company's paid-up equity share capital does not exceed Rs. 10 crores and its net worth does not exceed Rs. 25 crores as on the last day of the previous financial year (FY 2023-24). This exemption is permitted under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which exempts small listed entities from certain corporate governance compliance requirements, including Regulation 24A. The company confirmed it will continue to comply with all other applicable listing requirements.
This is a routine procedural filing and is unlikely to have any material impact on the stock price. It only signals that the company is a small-cap entity with paid-up capital below Rs. 10 crores and net worth below Rs. 25 crores, which provides useful context about its size for investors.