As per Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 (SEBI Listing Regulations) as Corporate Governance provision specified in Regulation 17, ....
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S & T Corporation Limited has informed BSE that it is not required to submit the Annual Secretarial Compliance Report for the financial year ended 31 March 2025. Under Regulation 15(2) of SEBI Listing Regulations, companies with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore are exempt from certain corporate governance provisions, including the requirement under Regulation 24A. The company states that as on March 31, 2025, both its paid-up share capital and net worth were below these thresholds, making the compliance report non-applicable. This is a routine disclosure informing the exchange about the company's small-cap status.
No material impact on shareholders or stock price. This is a routine regulatory clarification confirming that the company is a small-cap entity exempt from certain corporate governance reporting requirements, which is consistent with its modest size.