Non- applicability of Regulation 24 (A) of SEBI (LODR), Regulation, 2015.
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Awaiting price reaction for this filing.
Prashant India Ltd has informed BSE that SEBI's Regulation 24A does not apply to the company. Under Regulation 15(2) of the SEBI Listing Rules, companies with paid-up equity capital of Rs. 10 crore or less and net worth of Rs. 25 crore or less are exempt from certain corporate governance rules, including Regulation 24A. The company confirms it falls below these thresholds. As a result, Prashant India is not required to file the Annual Secretarial Compliance Report for the financial year ended 31st March 2025. The letter is signed by Swati Joshi, Company Secretary and Compliance Officer.
This is a routine procedural filing and has no material impact on shareholders or the stock price. It simply confirms the company's small-cap status and that one specific annual compliance submission is not required for FY25.