Non Applicability of Secretarial Compliance Report under Regulation 24(A) of SEBI (LODR) Regulations, 2015 for the quarter ended 31.03.2026
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Sheshadri Industries Ltd has informed BSE that it is exempt from submitting the Secretarial Compliance Report for the quarter and year ended 31st March 2026. The exemption applies because the company's paid-up equity share capital of Rs. 4.96 crore is below the Rs. 10 crore threshold specified under Regulation 15(2) of SEBI (LODR) Regulations. The company also disclosed that its net worth has turned negative, standing at negative Rs. 8.74 crore as of 31st March 2026 compared to negative Rs. 10.90 crore in the previous year, indicating significant accumulated losses.
This filing is a routine regulatory notification confirming the company's eligibility for exemption from certain SEBI compliance requirements due to its small size. However, the negative net worth figures signal financial distress and accumulated losses, which is a material concern for existing shareholders.