Non-applicability of Regulation 24A of SEBI LODR Amendment Regulation, 2018
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Awaiting price reaction for this filing.
Standard Shoe Sole and Mould (India) Ltd has informed the BSE that it is claiming exemption from filing the Annual Secretarial Compliance Report. This is because the company's paid-up equity share capital is Rs. 10 crore or less and its net worth is Rs. 25 crore or less, as on the last day of the previous financial year. Under SEBI's Listing Regulations, small companies that fall below these size thresholds are exempt from this compliance requirement. The company has cited Regulation 15(2) of SEBI LODR Regulations 2015 and relevant BSE circulars dated May 2019 as the basis for this exemption. This filing was made on 24th May 2025 and signed by Sandeep Garg, Company Secretary & Compliance Officer.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small listed entity and is not required to submit the Annual Secretarial Compliance Report for this year. Investors should note that the small size of the company (under Rs. 10 crore capital and Rs. 25 crore net worth) is itself relevant context for assessing the stock.