Non-applicability and exemption of Annual Secretarial audit report for the year ended 31st March 2026 is attached herewith.
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V B Desai Financial Services Ltd has informed BSE that it is exempt from filing the Annual Secretarial Compliance Report for the year ending 31 March 2026. The company qualifies for exemption under Regulation 15(2)(a) of SEBI (LODR) Regulations because its Paid-up Equity Share Capital (Rs. 4.54 crores) is below Rs. 10 crores and Net Worth (Rs. 11.49 crores) is below Rs. 25 crores. As a result, multiple SEBI regulations including those related to corporate governance and secretarial audits are not applicable to the company for this financial year. The company has committed to comply with Regulation 24A once it crosses the exemption thresholds.
This is a routine regulatory filing with no direct impact on shareholder value. The exemption reflects the company's small size and limited regulatory burden, which investors should factor into their risk assessment given the lower governance requirements applicable to smaller listed companies.