Non Applicability of regulation 24A relating to submission of Annual Secretarial Compliance report
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Vashishtha Luxury Fashion Ltd has filed a disclosure stating that Regulation 24A of SEBI (relating to Annual Secretarial Compliance Report) is not applicable to the company. This regulation typically requires listed companies to submit an annual secretarial compliance report certified by a practicing company secretary. The company appears to not meet the threshold criteria that would make this requirement mandatory, possibly due to smaller paid-up capital or not falling under the prescribed class of companies. This is a routine compliance disclosure.
This filing has minimal or neutral impact on shareholders as it merely confirms the company's non-applicability status for a specific regulatory requirement rather than announcing any material business development.