Non- applicability of Regulation 24 A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
Rajasthan Cylinders & Containers Ltd has informed BSE that SEBI's Regulation 24A does not apply to the company. This regulation normally requires listed entities to file an Annual Secretarial Compliance Report within 60 days of the financial year-end. The company qualifies for an exemption because its paid-up equity share capital (Rs. 3.36 crore) and net worth (Rs. 16.17 crore) as on March 31, 2024 are both below the regulatory thresholds of Rs. 10 crore and Rs. 25 crore respectively. Accordingly, the company is not required to submit the Annual Secretarial Compliance Report for the year. The letter has been signed by the Company Secretary and Compliance Officer, Neha Dusad.
This is a routine regulatory disclosure with no material impact on shareholders or the stock. It simply confirms the company's small-cap status, as its capital and net worth fall below SEBI's thresholds, exempting it from one specific annual filing requirement.