Please find enclosed letter of Non Applicability of Annual Secretarial Compliance Report for the Year Ended 31/03/2025
Awaiting price reaction for this filing.
OTCO International Ltd has informed BSE that the Annual Secretarial Compliance Report is not applicable to the company for the year ended 31 March 2025. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which exempts listed entities whose paid-up equity share capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore. As per the last audited balance sheet (31 March 2024), the company's paid-up equity capital stands at Rs. 2.59 crore and net worth at approximately Rs. 2.63 crore, both well below the exemption thresholds. Consequently, the company is not required to submit the Annual Secretarial Compliance Report, but will comply within 6 months if these thresholds are crossed in the future.
This is a routine regulatory disclosure confirming compliance exemption rather than a business event, so it is largely neutral for shareholders. However, it does highlight that OTCO is a very small-cap company with limited paid-up capital and net worth, which may reflect low investor interest and limited trading liquidity in the stock.