Regulatory10 Apr 2026, 03:33 pm
ISF Exempt from SEBI Reg 24A due to capital & net worth limits
AI Summary
ISF Ltd announced that Regulation 24A of SEBI (LODR) Regulations, 2015, requiring an Annual Secretarial Compliance Report, is not applicable to the company. This exemption stems from its paid-up equity share capital of ₹9.50 crore and net worth of ₹13.42 crore as of March 31, 2025. These figures are below the thresholds of ₹10 crore paid-up capital and ₹25 crore net worth specified in Regulation 15(2) for corporate governance provisions. The company confirmed it falls under clause (a) of Regulation 15(2) and committed to complying with the regulation within six months if its capital or net worth exceeds the specified limits in the future.
Key Highlights
- ISF Ltd is exempt from SEBI Regulation 24A compliance requirements.
- Exemption is due to paid-up capital and net worth being below specified limits.
- Paid-up capital is ₹9.50 crore; net worth is ₹13.42 crore as of March 2025.
- The company will comply if it crosses the regulatory thresholds in future.
Price Impact
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