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Awaiting price reaction for this filing.
Valley Magnesite Company Ltd has informed BSE and CSE that it is not required to submit an Annual Secretarial Compliance Report for the year ended March 2026, citing an exemption under Regulation 24A of SEBI (LODR) Regulations, 2015. The company has clarified that it qualifies for exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, as its paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as of the last financial year. Since the Corporate Governance provisions also do not apply to the company under the same regulation, it is not required to comply with the secretarial compliance report requirement. The filing is signed by Managing Director Arun Kumar Agarwalla on 19 May 2026.
This is a routine regulatory compliance filing and does not signal any change in the company's financial health or operations. The exemption indicates the company is a small-cap entity with limited public accountability requirements.