We are not required to submit Annual Secretarial Compliance Report for the Financial Year ending March 31, 2025, as our Company is exempted under Regulation 15(2) of SEBI (LODR) Regulations, 2015

Ashoka Refineries Ltd has told BSE that it does not need to file the Annual Secretarial Compliance Report for FY ending March 31, 2025. The exemption comes under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which applies to small companies with paid-up equity capital up to Rs. 10 crore and net worth up to Rs. 25 crore. The company's paid-up capital is Rs. 3.40 crore, and its net worth as on March 31, 2024 was Rs. 2.51 crore, both well below the thresholds. A practicing company secretary (G Soni & Associates) has certified these figures, which have stayed largely flat over the last three years. The company also has negative reserves and surplus, indicating accumulated losses.