Non Applicability of Annual Secretarial Compliance Report for the year ended March 31, 2026
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Spice Islands Industries Ltd has informed BSE that it is not required to submit an Annual Secretarial Compliance Report for FY 2025-26. The company qualifies for an exemption under SEBI Regulation 15(2)(b) because its paid-up equity share capital of Rs. 4.30 crore and net worth of Rs. 2.36 crore (as of March 31, 2025) fall below the thresholds of Rs. 10 crore capital and Rs. 25 crore net worth. This exemption means smaller listed companies are not required to comply with certain corporate governance norms, including the secretarial audit requirement. The filing was signed by Company Secretary Arti Lalwani and dated April 16, 2026.
This is a routine compliance filing confirming the company's exemption status. It has no direct impact on the stock price but signals that the company qualifies as a small-cap entity with relaxed governance requirements. Shareholders should note the lower financial thresholds applicable to this company.