Non-applicability of certain compliances as per Regulation 15(2) of SEBI (LODR) Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steel Strips Infrastructures Ltd has informed BSE that it qualifies for exemption from several corporate governance requirements under SEBI's LODR Regulations. The company's paid-up equity share capital is Rs. 8.64 crore (below the Rs. 10 crore threshold) and its net worth is Rs. 2.06 crore (below the Rs. 25 crore threshold) as on March 31, 2024. Because both figures fall below the prescribed limits, the company is exempt from filing Related Party Disclosures, Secretarial Audit Reports, and Corporate Governance Reports. The company has committed to complying with these requirements within six months if they ever become applicable in the future.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that as a small-cap company, Steel Strips Infrastructures is exempt from certain governance reporting rules that apply to larger listed entities.