Please find attached declaration about non-applicability of Regulation 24(A) for YE March 31, 2026
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Silver Pearl Hospitality & Luxury Spaces Ltd has informed BSE that the Annual Secretarial Audit Report requirement under Regulation 24A of SEBI LODR Regulations is not applicable to it for the financial year ended March 31, 2026. The exemption applies because the company is listed on the SME Board of BSE (Scrip Code 543536). Under SEBI's Regulation 15(2)(b), companies listed on the SME exchange or those with paid-up capital of ₹10 crore or less are exempt from several corporate governance provisions, including 24A. The letter was signed by Managing Director Rajesh Kumar Negi on April 10, 2026.
This is a routine compliance filing with no financial or operational impact on shareholders. It simply confirms the company qualifies for the SME exemption from the secretarial audit requirement, meaning lower compliance costs but also fewer governance disclosures compared to main-board listed companies.