Non Applicability of Regulation 24 A of SEBI (LODR) Regulations, 2015
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Smart Finsec Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the financial year ended March 31, 2025. Under SEBI's Regulation 15(2), companies with paid-up equity capital of ₹10 crore or less and net worth of ₹25 crore or less are exempt from this requirement. The company's paid-up equity share capital stands at ₹3 crore and net worth at approximately ₹14.47 crore, placing it well within the exemption thresholds. This is a routine procedural filing confirming the company's exempt status, not a new event or action.
This is a routine regulatory clarification with no material impact on shareholders or stock price. It simply confirms Smart Finsec qualifies as a small-cap entity exempt from certain corporate governance reporting requirements.