Non Applicability of Annual Secretarial Compliance Report under Regulation 24 A of SEBI (LODR) Regulations, 2015 for the financial year ended on March 31, 2026
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Promax Power Ltd has informed BSE that the company is not required to obtain and submit an Annual Secretarial Compliance Report under Regulation 24A for FY 2025-26. This exemption applies because the company is listed on the SME platform of BSE Limited. As per Regulation 15(2)(b) of SEBI (LODR) Regulations, 2015, SME-listed companies are exempt from several corporate governance compliance requirements, including those under Regulation 24A. The disclosure was signed by Managing Director Vishal Bhardwaj on April 20, 2026.
This is a routine regulatory filing with no direct impact on shareholders. It simply clarifies that the company qualifies for exemption from certain SEBI compliance requirements due to its SME listing status, which has lower governance requirements than the main board.