In reference to the above mentioned subject, this is to inform you that Reg 24(A) of SEBI (LODR) Amendment Regulation 2018, is not applicable to the company as our paid capital is not ....
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SGN Telecoms Ltd has informed BSE that Regulation 24A of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations does not apply to the company. The exemption is because the company's paid-up equity share capital is below ₹10 crore and its net worth is below ₹25 crore as on the last day of the previous financial year, which falls under the thresholds prescribed in the regulation. As a result, the company is exempt from submitting the Annual Secretarial Compliance Report, in line with BSE circulars dated 9 May 2019 and 14 May 2019. This is a routine compliance disclosure to BSE for their records.
No impact on shareholders or stock price. This is a standard regulatory exemption disclosure indicating the company is small-cap (below the ₹10 crore capital / ₹25 crore net worth threshold) and therefore not required to file an Annual Secretarial Compliance Report.