Non applicability of Annual Secretarial Compliance Report under Regulation 24(A) of SEBI(LODR) Regulations,2015 for the year ended 31st March,2025.
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Awaiting price reaction for this filing.
Rajkamal Synthetics Ltd has informed BSE that the Annual Secretarial Compliance Report under Regulation 24(A) of SEBI (LODR) Regulations, 2015 does not apply to it for the financial year ended 31 March 2025. The company is claiming exemption under Regulation 15(2) of the Listing Regulations, which exempts companies whose paid-up equity share capital is below Rs. 10 crore and net worth is below Rs. 25 crore from certain corporate governance requirements. As on 31 March 2024, the company's paid-up equity capital stood at Rs. 6.5 crore and its net worth was just Rs. 11.4 lakh, placing it well below both thresholds. The company has stated it will comply with the regulation within six months if it becomes applicable in the future.
This is a routine compliance filing and not an event that affects the stock price or shareholder value. However, it does signal that the company is very small in size — with a net worth of only Rs. 11.4 lakh — which investors should factor into any investment decision.