Non Applicability of Annual Secretarial Compliance Report for the year ended March 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shricon Industries has informed the Bombay Stock Exchange that it is not required to file the Annual Secretarial Compliance Report for the financial year ended 31 March 2025. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, which exempts listed entities whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore. As of 31 March 2025, the company's paid-up equity share capital stood at Rs. 124 lakh and net worth at Rs. 418.04 lakh, placing it well within the exemption thresholds. The filing notes that the company will comply with this regulation within 6 months from the date it becomes applicable.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms that as a small-cap company below the SEBI thresholds for corporate governance applicability, Shricon is exempt from filing the Annual Secretarial Compliance Report, meaning reduced compliance burden but also fewer public disclosures on governance matters.