NON APPLICABILITY OF REGULATION 24A OF THE SEBI (LODR) REGULATIONS 2015 IN VIEW OF EXEMPTION UNDER REGULATION 15(2) OF SEBI (LODR) REGULATIONS, 2015
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Regal Entertainment & Consultants Ltd has informed BSE that Regulation 24A of the SEBI (LODR) Regulations, 2015 is not applicable to the company. This regulation, which requires submission of the Annual Secretarial Compliance Report, does not apply because the company qualifies for exemption under Regulation 15(2). The exemption is available to listed entities with paid-up equity share capital not exceeding Rs. 10 Crore and net worth not exceeding Rs. 25 Crore. The company's paid-up equity capital is Rs. 3.07 Crore and its net worth stood at Rs. 1.74 Crore as of March 31, 2024, both well below the prescribed thresholds. Consequently, the company is not required to file the Annual Secretarial Compliance Report for the financial year ended March 31, 2025.
This is a routine compliance disclosure with no material impact on shareholders or the stock price. It simply confirms that the company, being small in size, enjoys reduced regulatory compliance requirements, and investors should note the limited scale of operations indicated by the modest paid-up capital and net worth.