In reference to the above mentioned subject, this is to inform that Reg 24A of SEBI (LODR) Amendment Regulation 2018, is not applicable to the company as our paid up capital is not more ....
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SGN Telecoms Ltd has informed BSE that Regulation 24A of SEBI (LODR) Amendment Regulations, 2018 is not applicable to the company. The company is exempt because its paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore, as per the prescribed thresholds. As a result, the company is not required to submit the Annual Secretarial Compliance Report. The company cited relevant Bombay Stock Exchange circulars and SEBI Master Circular in support of the exemption.
No material impact on shareholders. The filing is a routine compliance disclosure confirming the company falls below the regulatory threshold and is exempt from secretarial audit requirements.