We may kindly inform you that as at March 31, 2025, as per the latest audited financial statements of the Company (2024-2025), the company''s paid up capital is Rs. 9.06 Crores and Net ....
Awaiting price reaction for this filing.
SRM Energy Ltd has informed BSE that it is claiming exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements. As on March 31, 2025, the company's paid-up capital stands at Rs. 9.06 Crores and its net worth is negative at Rs. 4.10 Crores. Since both figures fall below the regulatory threshold limits, the company is exempted from various corporate governance compliances. These include the Annual Secretarial Compliance Report, consolidated related party transaction disclosures, and filing of Corporate Governance Reports. The communication was signed by Pankaj Gupta, Company Secretary, dated May 10, 2025.
The negative net worth is a significant red flag indicating the company's liabilities exceed its assets, which is concerning for shareholders. Additionally, reduced disclosure requirements mean investors will have less information about corporate governance, related party transactions, and secretarial compliance going forward.