This is to inform you that Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 read with BSE ....
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The company has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report for the financial year ending 31st March 2026. It is claiming exemption under Regulation 15(2) of SEBI LODR Regulations, 2015, which applies to companies with paid-up equity capital not exceeding Rs. 10 Crores and net worth not exceeding Rs. 25 Crores. As per audited financials for 31st March 2025, the company's paid-up capital is Rs. 1.61 Crores and its net worth is approximately negative Rs. 100.48 Crores, both well within the exemption limits. Consequently, corporate governance provisions and the associated secretarial compliance report do not apply to the company.
This is a routine compliance clarification, not a business event. However, the deeply negative net worth of around negative Rs. 100 Crores is a major red flag, pointing to liabilities far exceeding assets and significant erosion of shareholder value, which investors should weigh carefully.