Non Applicability of Annual Secretarial Compliance under Regulation 24(A) of SEBI (LODR) Regulations, 2015 for the quarter and year ended 31.03.2025.
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Awaiting price reaction for this filing.
Sheshadri Industries Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the quarter and year ended 31 March 2025. Under SEBI Regulation 15(2), companies with paid-up equity capital below Rs. 10 crore and net worth below Rs. 25 crore are exempt from this requirement. The company's paid-up equity capital is Rs. 4.96 crore, which is below the Rs. 10 crore threshold. The company has also disclosed that its net worth is negative, standing at Rs. (10.90 crore) as on 31 March 2025, though this is an improvement from Rs. (19.27 crore) as on 31 March 2024. The letter was signed by Managing Director Jeetender Kumar Agarwal.
This is a routine regulatory filing and not a corporate action, so it should not directly move the stock price. However, investors should note that the company continues to carry negative net worth (liabilities exceed assets), which remains a key risk factor even though the position improved year-on-year.