Non-Applicability of Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015 for the Financial year ended March 31, 2025
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Welterman International Ltd has informed BSE that the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015 is not applicable to the company. The company is claiming exemption under Regulation 15(2), which is available to listed entities whose paid-up equity share capital does not exceed Rs. 10 Crores and net worth does not exceed Rs. 25 Crores. As on March 31, 2024, the company's paid-up equity share capital was Rs. 4.44 Crores and its net worth was negative at Rs. (12.22) Crores, making it eligible for the exemption. This is a routine procedural filing and does not involve any new business or financial decision.
No material impact on shareholders or stock price as this is a routine regulatory exemption filing. However, the disclosed negative net worth of Rs. 12.22 Crores signals significant accumulated losses and weak financial health, which investors should note.