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M Lakhamsi Industries informs about non-applicability of annual secretarial compliance report

06 May 2023 Evaluate
M Lakhamsi Industries has clarified that M Lakhamsi Industries (Formerly Known as Specular Marketing and Financing) ('Company') is claiming exemption under Regulation 15(2) of the chapter IV of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 as the Paid-up Equity share capital of the Company is less than Rs 10 Crores i.e., Rs 84,80,000 and the Net worth is less than Rs 25 Crores i.e., Rs 6,34,85,753 which is not exceeding the limits as specified above. In view of aforesaid and in terms of SEBI Circular no. LIST/COMP/10/2019-20 dated 08/02/2019 and BSE Circular dated 09/05/2019 and 14/05/2019 titled Format for Annual Secretarial Audit Report and Annual Secretarial Compliance Report for Listed entities and their Material Subsidiaries, the provisions of Regulation 24A regarding submission of Annual Secretarial Compliance Report are not applicable to Company and hence it should be exempted from submitting the said Compliance Report. In view of the above, the Company is exempted under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and consequently the company is also exempted to submit the Annual Secretarial Compliance Report for the financial year ended on 31.03.2023 to the stock Exchange.

The above information is a part of company’s filings submitted to BSE.

M Lakhamsi Indus Share Price

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