Non applicability of Regulation 24A of SEBI (LODR) Regulations, 2015 for the Financial Year 2024-25
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The Ravalgaon Sugar Farm Ltd has informed BSE that it is exempt from filing the Annual Secretarial Compliance Report under Regulation 24A of SEBI's Listing Regulations for FY 2024-25. As on March 31, 2024, the company's paid-up equity share capital stood at Rs. 34 lakh and net worth at Rs. 16.71 crore, both of which fall below the thresholds of Rs. 10 crore (paid-up capital) and Rs. 25 crore (net worth) specified under Regulation 15(2). Consequently, the company is also not required to submit a Corporate Governance Report under Regulation 27(2). A practicing company secretary has certified these figures, and the company has committed to comply with the provisions once they become applicable.
This is a routine compliance disclosure and has no material impact on shareholders or stock price. It simply confirms that due to the company's small size, certain corporate governance filing requirements do not apply for FY 2024-25.