Non-applicability certificate for the year ended on 31st March 2025 is attached.
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V.B. Desai Financial Services Ltd has submitted a non-applicability certificate to BSE stating it is exempt from filing the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations for the year ended 31 March 2025. The exemption applies because, as on the last day of the previous financial year, the company's paid-up equity share capital (Rs. 4.54 crore) and net worth (Rs. 11.49 crore) are below the Rs. 10 crore and Rs. 25 crore thresholds specified under Regulation 15(2)(a) of SEBI (LODR) Regulations, 2015. Reserves and surplus stood at Rs. 6.95 crore. The company has also undertaken to file the report once it crosses the exempted thresholds. The filing is signed by Kamlesh M Gagavani, Company Secretary & Compliance Officer.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms that, due to the company's small size (below SEBI's threshold limits), certain corporate governance compliance requirements do not apply for this fiscal year.