Rajdarshan Industries Limited has informed the Exchange regarding 'Non applicability of Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. '.
ARENTERP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajdarshan Industries Limited has informed the stock exchanges that SEBI's Regulation 24A, which requires listed companies to file an Annual Secretarial Compliance Report, does not apply to the company. The company qualifies for the exemption available to small listed entities because, as on 31st March 2024, its paid-up equity share capital was Rs. 3.11 crore (below the Rs. 10 crore threshold) and its net worth was Rs. 21.43 crore (below the Rs. 25 crore threshold). Consequently, the company is not required to submit the Annual Secretarial Compliance Report for the current period. The company has also undertaken to comply with the regulation within six months if it becomes applicable in the future.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that the company is small enough to be exempt from one specific SEBI reporting requirement.