This is to inform all the stakeholders that Reg 27(2) of SEBI (LODR), 2015 is not applicable for the Quarter and Year ended 31st March 2025
Awaiting price reaction for this filing.
The company has informed BSE that filing a quarterly Corporate Governance report under Regulation 27(2) of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015 does not apply to it for the quarter and year ended 31 March 2025. The exemption is claimed under Regulation 15(2), which is available to listed entities whose paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore as on the last day of the previous financial year. The company states that as on 31 March 2024, its paid-up equity share capital stood at ₹1,56,88,000 (about ₹1.57 crore) and its net worth was just ₹24,70,000 (about ₹24.70 lakh), both clearly below the prescribed thresholds. The company has also undertaken that it will start complying with these regulations within six months from the date they become applicable. Signed by Additional Director Rajendra Kamalakant Chodankar on 18 April 2025 from the Gurugram corporate office.
This is a routine regulatory clarification rather than a material corporate event and is unlikely to move the stock price. It does, however, reconfirm that the company is a very small entity by both equity base and net-worth measure, which retail investors should keep in mind when assessing liquidity and risk.