Non Applicability certificate from Practicing Company Secretary for Regulation 24(A) of SEBI LODR for March''2024.
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Awaiting price reaction for this filing.
Thakral Services India Ltd has filed a certificate from a Practicing Company Secretary confirming it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI's listing rules. The exemption applies because the company's paid-up equity capital of Rs. 3.52 crore falls below the Rs. 10 crore threshold specified in Regulation 15(2). Disclosed financials show the company's net worth is not just below the Rs. 25 crore cutoff — it is deeply negative and worsening, moving from Rs. -2.06 crore in FY22 to Rs. -5.32 crore in FY23 and Rs. -8.90 crore in FY24, indicating mounting accumulated losses. The certificate was issued on 18 July 2025, well after the close of FY24.
The filing itself is procedural and has no direct effect on shareholders, but the sharply negative and deteriorating net worth signals ongoing financial stress and is a meaningful concern for investors evaluating the company's fundamentals.