Non Applicability of Annual Secretarial Compliance Report for the year ended 31.03.2024
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Typhoon Holdings Ltd has informed BSE that it is not required to file the Annual Secretarial Compliance Report for the financial year ended 31 March 2024. The company is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This exemption applies to listed companies whose paid-up equity share capital is not more than Rs. 10 crore and whose net worth is not more than Rs. 25 crore as on the last day of the previous financial year. The letter, dated 24 April 2025, was signed by Director Balabhai Maguda (DIN: 08202655).
This is a routine regulatory clarification with no material impact on shareholders or the stock price. It simply confirms that Typhoon Holdings is a small-cap company (below the Rs. 10 crore capital / Rs. 25 crore net worth threshold) and therefore qualifies for relaxed corporate governance reporting requirements under SEBI rules.