Declaration with respect to Non-applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI(LODR) (Amendment) Regulation 2018
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On May 15, 2025, Rishabh Digha Steel & Allied Products Ltd informed BSE that the Annual Secretarial Compliance Report under SEBI's Regulation 24A is not applicable to the company. The company qualifies for exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts listed entities with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year. Alternatively, the exemption also applies to companies whose securities are listed on the SME Exchange. This filing confirms the company's status as a small-cap listed entity falling below the prescribed size thresholds. The letter is signed by Ashok M Mehta, Managing Director.
This is a routine regulatory compliance disclosure with no material impact on shareholders or the stock price. It simply confirms the company's small-cap standing (paid-up capital below Rs. 10 crore and net worth below Rs. 25 crore), which exempts it from certain secretarial audit reporting obligations applicable to larger listed companies.