NON APPLICABILITY OF REGULATION 24A OF SEBI LODR
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Suncity Synthetics Ltd has informed BSE that it is not required to submit an Annual Secretarial Compliance Report under Regulation 24A of SEBI LODR. The company claims exemption under Regulation 15(2), which exempts listed entities with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore from corporate governance requirements. This is a routine compliance disclosure filed by Managing Director Sumita Mishra, confirming the company's small-cap status and relaxed regulatory obligations.
This filing confirms Suncity Synthetics is a very small listed entity falling below SEBI's thresholds for full corporate governance compliance. No direct impact on stock price, but investors should note the company operates under relaxed regulatory oversight.