Submission of Annual Secretarial compliance report for Financial year ended 31st March 2026 is not applicable to the company as Paid up capital is Rs. 7,18,52,000 and Networth is Rs. (8,19,32,647) ....
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Saffron Industries Ltd has informed BSE that it is not required to submit an Annual Secretarial Compliance Report for the financial year ended 31 March 2026. The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, as the company falls below the prescribed thresholds. The company's paid-up share capital stands at Rs. 7,18,52,000 (approx. Rs. 7.18 crore), below the Rs. 10 crore limit, and its net worth is Rs. (8,19,32,647) — a negative figure of approximately Rs. 8.19 crore — below the Rs. 25 crore threshold. The filing was signed by Whole Time Director Manoj Rameshwar Sinha on 28 May 2026.
This is a routine compliance disclosure confirming the company remains exempt from secretarial audit requirements. However, the negative net worth of Rs. 8.19 crore is a significant concern, indicating that the company's liabilities exceed its assets, which may signal financial distress for existing or prospective shareholders.