Non applicability of Corporate Governance report under Regulation 27(2) of SEBI (Listing Obligation and Disclosure requirement) Regulation 2015 for the quarter ended 31st March 2025
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Sagar Systech Limited has informed the BSE that it is not required to file a quarterly Corporate Governance Report for the quarter ended 31 March 2025. Under SEBI LODR Regulation 15(2), this exemption applies because the company's paid-up equity capital (Rs. 32 lakh) is below Rs. 10 crore and its net worth (Rs. 6.97 crore) is below Rs. 25 crore as on 31 March 2024. A certificate confirming these figures has been attached to the filing. The letter is signed by Prachi Sahu, Company Secretary and Compliance Officer. This is a routine regulatory disclosure with no change in business operations.
No material impact on shareholders or the stock price. The filing is a standard compliance communication confirming the company qualifies as a 'small company' exempt from quarterly corporate governance reporting requirements.