Non-applicability of Regulation 24A of SEBI (LODR), Regulations, 2015 with respect to Annual Secretarial Compliance Report for the year ended 31st March, 2025
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SPA Capital Services Ltd has informed BSE that the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations is not applicable to it for the financial year ended 31 March 2025. The exemption is claimed under Regulation 15(2) of SEBI (LODR), which exempts listed companies whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore as on the last day of the previous financial year. This indicates that SPA Capital falls below both these size thresholds and is therefore not required to file the report. The company has undertaken to comply with the requirement once it crosses these thresholds and the regulation becomes applicable. The letter is signed by Company Secretary Ms. Vaishnavi Sharma and submitted to BSE on 28 May 2025.
This is a routine compliance-clearing filing with no material impact on shareholders or the stock price. However, it does indirectly confirm that the company is small by SEBI standards, with paid-up equity capital of Rs. 10 crore or less and net worth of Rs. 25 crore or less, which may be relevant for investors assessing its scale.