Non Applicability of Regulation 24A of SEBI (LODR) Regulation
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Tirupati Finlease Ltd has informed BSE that Regulation 24A of SEBI LODR Regulations does not apply to the company. This regulation normally requires listed companies to submit an Annual Secretarial Compliance Report and Secretarial Audit Report. The company qualifies for exemption because its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as per the last financial year. The company has confirmed it reviewed its status and does not meet the threshold criteria for mandatory compliance. It has also undertaken to inform the exchange if this regulation becomes applicable in any future financial year.
This filing has no direct impact on shareholders as it merely confirms the company's exemption from certain audit requirements due to its small size. The company remains subject to other applicable regulatory requirements.