Non- Applicability of Annual Secretarial Compliance Report
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True Colors Ltd has filed a declaration with BSE stating that it is not required to submit the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015. The company attributes this exemption to its SME Exchange listing status. According to Regulation 15(2), listed entities on SME Exchanges are exempt from compliance with several corporate governance provisions including Regulation 24A, which mandates secretarial audit reports. This is a routine compliance disclosure for the financial year ended 31st March 2026, signed by Company Secretary Javanika Gandharva.
This filing has no direct negative implication for shareholders. It merely confirms the company's SME listing status and explains its exempt position from certain SEBI reporting requirements, which is standard for SME-listed companies.