We would like to inform you that pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Compliances with the Corporate Governance provisions ....
Awaiting price reaction for this filing.
Pact Industries Ltd has informed BSE that certain SEBI corporate governance disclosure requirements do not apply to the company for FY ended March 31, 2025. Under Regulation 15(2) of SEBI LODR, companies with paid-up equity capital below Rs. 10 crore and net worth below Rs. 25 crore are exempted from these provisions. The company's paid-up equity share capital stands at Rs. 5.54 crore and its net worth is negative at Rs. -2.74 crore, both well below the thresholds. As a result, the company is not required to submit the consolidated Related Party Transactions disclosure and the Annual Secretarial Compliance Report. The filing is signed by Managing Director Harpreet Singh.
While this is largely a procedural filing, the negative net worth of Rs. 2.74 crore is a significant red flag indicating that the company's liabilities exceed its assets. Shareholders should view this micro-cap stock with caution given its weak financial position, even though the exemption itself is routine for small-cap companies.