Non Applicability of Regulations 24 A of SEBI (LODR) Regulations 2015 - Submission of Annual Secretarial Compliance report is not applicable to the company who have claimed exemption under ....
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Shivagrico Implements Ltd has informed BSE that Regulation 24A of SEBI (LODR) Regulations 2015, which requires listed companies to submit an Annual Secretarial Compliance Report, is not applicable to it. The company qualifies for exemption under Regulation 15(2) of SEBI (LODR), applicable to listed entities with a net worth below the prescribed threshold. To support this claim, the company submitted a Net Worth Certificate from its statutory auditors, Ambavat Jain & Associates LLP, certifying a net worth of Rs. 747.10 Lakhs as of 31 March 2025. The net worth is calculated as Rs. 501.36 Lakhs paid-up equity share capital plus Rs. 100.59 Lakhs securities premium and Rs. 145.15 Lakhs surplus in profit and loss account. The company has therefore stated that it is not required to file the Annual Secretarial Compliance Report for FY25.
This is a routine regulatory compliance communication with no material impact on shareholders or the stock price. It simply confirms the company meets the small-company exemption criteria (net worth below the SEBI threshold) and is therefore excused from filing the Annual Secretarial Compliance Report.