Non-applicability of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yuvraaj Hygiene Products has informed BSE that SEBI's Regulation 24A, which normally requires listed companies to file an Annual Secretarial Compliance Report, does not apply to it for FY 2024-25. The exemption is claimed under Regulation 15(2) of the SEBI LODR Rules because the company's paid-up equity share capital of Rs. 9.07 crore is below the Rs. 10 crore threshold and its net worth is negative at Rs. -4.75 crore as of March 31, 2024, well below the Rs. 25 crore cut-off. The company's net worth has been negative for three straight years (FY22: -Rs. 3.24 crore, FY23: -Rs. 4.41 crore, FY24: -Rs. 4.75 crore), showing widening accumulated losses. The filing is supported by a chartered accountant's certificate from N.S. Gokhale & Co. confirming the figures.
This is a routine regulatory intimation with no direct effect on share price or shareholder value. However, it highlights that the company is a very small, financially weak entity with negative net worth and accumulated losses, and it operates with reduced corporate governance disclosure obligations under SEBI rules.