Please find attached non-applicability declaration for submission of Annual Secretarial Compliance Report for the year ended March 31, 2025 under Reg. 24A, of the SEBI ( LODR) Regulations, 2015
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Shentracon Chemicals Ltd has informed BSE that filing the Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR is not applicable to the company. The company is claiming exemption under Regulation 15(2) because its paid-up equity share capital and net worth fall below the prescribed thresholds. As on March 31, 2025, the paid-up equity share capital stands at Rs. 443.81 lakh and net worth is negative at Rs. -9.96 lakh. The net worth calculation shows paid-up capital of Rs. 7.47 crore and free reserves of Rs. 3.13 crore, offset by accumulated losses of Rs. 10.70 crore. Because of this, the company is exempt from corporate governance provisions and the secretarial compliance reporting requirement.
This is a routine compliance filing and not expected to move the stock. However, the negative net worth of Rs. -9.96 lakh signals weak financial health and accumulated losses exceeding reserves, which shareholders should note as a risk factor.