Disclosure regarding non-applicability of Regulation 24Aof SEBI(LODR), Regulation,2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Valplast Technologies Ltd has informed BSE that Regulation 24A of SEBI LODR Regulations, which requires submission of Annual Secretarial Compliance Report, is not applicable to the company. The disclosure states that the company is listed on SME Exchange, and under Regulation 15(2) of SEBI LODR, certain corporate governance provisions (including Regulation 24A) do not apply to entities listed on SME platforms. The company has clarified that while exempt from Regulation 24A, Regulation 23 (Related Party Transactions) continues to remain applicable. This is a routine compliance notification informing the exchange about applicable regulatory exemptions.
No direct impact on shareholders or stock price. This is a standard regulatory disclosure confirming the company's applicable compliance requirements based on its SME Exchange listing status. The exemption from certain SEBI governance norms is a known characteristic of SME-listed companies.