OutCome of Board Meeting under regulation 30 of SEBI(LODR) Regulations, 2015
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The board of Raideep Industries met on May 27, 2025 and approved routine quarterly compliance items, including the investor grievance statement, shareholding pattern, reconciliation of share capital audit, trading window closure for designated persons, and structural digital database compliance certificate for Q4 FY25. The company also noted non-applicability of certain SEBI regulations (related party transaction disclosure and corporate governance report) because its paid-up capital (Rs. 550.80 lakhs) and net worth (Rs. 748.42 lakhs) are below the regulatory thresholds of Rs. 10 crore and Rs. 25 crore respectively. The board appointed M/s. Jain P & Associates, Practicing Company Secretaries (Noida-based, ICSI registered, peer-reviewed firm with 9+ years of experience), as the Secretarial Auditor for FY 2024-25.
This is largely a procedural, regulatory housekeeping filing with no material business or financial announcement. The appointment of a new secretarial auditor is a routine governance matter and is unlikely to have any impact on the stock price or shareholder value.