Declaration with respect to Non-Applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulation 2018
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Prabhu Steel Industries has informed BSE and the Calcutta Stock Exchange that it is not required to file the Annual Secretarial Compliance Report for the financial year. SEBI normally mandates this report under Regulation 24A of the LODR Regulations, to be submitted within 60 days of the financial year-end. However, under Regulation 15(2)(a), companies with paid-up equity share capital of up to Rs. 10 crore and net worth of up to Rs. 25 crore are exempt from this requirement. The company is claiming this exemption, indicating it is a small-cap entity falling below both these thresholds. The declaration is signed by Managing Director Dinesh Agrawal and dated April 8, 2026.
This is a routine compliance disclosure and has no material impact on the stock price or shareholders. It simply confirms that as a small company, Prabhu Steel Industries is relieved of the additional secretarial audit reporting obligation required of larger listed entities.