Non-applicability of Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015
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Solitaire Machine Tools Ltd has informed BSE that the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015 does not apply to the company for the year ended March 31, 2025. The company is claiming exemption under Regulation 15(2) because its paid-up equity share capital stood at approximately Rs. 4.54 crore as on March 31, 2025, which is well below the Rs. 10 crore threshold that triggers this requirement. As a result, the company is also not required to submit the Corporate Governance Report for FY25. The company's net worth as on March 31, 2024 was about Rs. 18.04 crore, and it has committed to comply within six months if the regulation becomes applicable in the future.
This is a routine compliance/exemption filing with no material impact on shareholders or the stock price. It simply confirms reduced reporting obligations due to the company's small equity base, and signals that the company is not required to file an annual Secretarial Compliance or Corporate Governance Report this year.