Annual Secretarial Compliance Certificate under Reg.24(A) is not applicable for 31-03-2025
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The Phosphate Company Ltd has informed BSE that it is exempted from submitting the Annual Secretarial Compliance Report required under Regulation 24A of SEBI (LODR) Regulations 2015. The company is claiming this exemption under Regulation 15(2) because its paid-up equity share capital is below Rs. 10 crores and its net worth is below Rs. 25 crores, as on both March 31, 2023 and March 31, 2024. The letter was filed on April 14, 2025, addressed to both BSE and the Calcutta Stock Exchange.
This is a routine regulatory compliance intimation with no material impact on shareholders or the stock price. It simply confirms the company's small-cap status, which qualifies it for reduced disclosure obligations.