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Awaiting price reaction for this filing.
Indoworth Holdings Limited (formerly Uniworth Securities Limited, BSE Scrip Code: 512408) has informed the stock exchange that the Annual Secretarial Compliance Report under SEBI Regulation 24A is not applicable to the company for the year ended 31 March 2025. The company is claiming exemption under Regulation 15(2) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This exemption applies because, as on 31 March 2024, the company's paid-up equity share capital was Rs. 1.24 crore (below the Rs. 10 crore threshold) and its net worth was Rs. 1.77 crore (below the Rs. 25 crore threshold). Since both limits are not exceeded, corporate governance provisions including the secretarial compliance report requirement do not apply.
This is a routine regulatory disclosure with no material impact on shareholders or the stock. It simply confirms that the company, being small in size, is exempt from a specific compliance requirement. Investors should note the company's small capital base and low net worth, which is why many corporate governance norms do not apply to it.