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Awaiting price reaction for this filing.
Shiva Suitings Ltd has informed BSE that Regulation 24A of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. This regulation deals with the submission of the Annual Secretarial Compliance Report. The company qualifies for exemption under Regulation 15(2) because its paid-up equity share capital is below Rs. 10 crores and its net worth is below Rs. 25 crores as of 31st March 2025. In effect, Shiva Suitings is too small by SEBI's size thresholds to be required to file this annual secretarial compliance report. The letter is a routine regulatory disclosure signed by the Company Secretary, Bharat Tulsani, on 19th April 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the company is small enough (below SEBI's size thresholds) to be exempt from filing the Annual Secretarial Compliance Report.