Non Applicability of Regulation 24A of SEBI (LODR), Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prashant India Ltd has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A. The company qualifies for this exemption under Regulation 15(2) of SEBI (LODR) as its paid-up equity share capital does not exceed Rs 10 crore and net worth does not exceed Rs 25 crore. This exemption applies to small listed entities that fall below these thresholds. The company, based in Surat, Gujarat (CIN: L15142GJ1983PLC006574, Script Code: 519014), will not be required to submit the compliance report for the year ended 31st March 2026.
This filing indicates the company qualifies as a small/micro-cap entity with limited paid-up capital and net worth. Shareholders should note this means reduced compliance requirements, which may limit transparency safeguards available to larger public companies. The stock remains listed but operates under relaxed governance norms.