Declaration with respect to Non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI(LODR) (Amendment) Regulation, 2018
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Prabhu Steel Industries has informed BSE and Calcutta Stock Exchange that it is not required to submit the Annual Secretarial Compliance Report for the financial year. The exemption comes under Regulation 15(2)(a) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which applies to listed companies with paid-up equity share capital of Rs. 10 crore or less and net worth of Rs. 25 crore or less, as on the last day of the previous financial year. The company qualifies for this exemption and is therefore not obligated to file the secretarial compliance report within the 60-day window after the end of the financial year. The declaration was signed by Managing Director Dinesh Agrawal on May 12, 2025.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It indirectly confirms that Prabhu Steel is a small-cap company, with paid-up capital below Rs. 10 crore and net worth below Rs. 25 crore, which signals limited scale of operations.