Parshwanath Corp Stays Below SEBI Thresholds, Exempt from Secretarial Audit

REAL-ESTATE
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AuthorIshaan Verma|Published at:
Parshwanath Corp Stays Below SEBI Thresholds, Exempt from Secretarial Audit
Overview

Parshwanath Corporation Limited has clarified to the Bombay Stock Exchange that it is exempt from submitting the Annual Secretarial Compliance Audit Report for the quarter ending March 31, 2026. This is due to its paid-up share capital (₹3.13 crore) and net worth (₹12.13 crore) falling below the specific SEBI thresholds of ₹10 crore and ₹25 crore, respectively.

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Parshwanath Corporation Exempt from Secretarial Audit

Filing Details

Parshwanath Corporation Limited has informed the Bombay Stock Exchange (BSE) that it is exempt from submitting the Annual Secretarial Compliance Audit Report for the quarter ending March 31, 2026. As of April 30, 2026, the company reported paid-up equity share capital of ₹3.13 crore and net worth of ₹12.13 crore. These figures are below SEBI's thresholds of ₹10 crore for share capital and ₹25 crore for net worth, according to SEBI regulations and a circular dated February 8, 2019.

Regulatory Context

Typically, companies must submit an Annual Secretarial Compliance Audit Report to verify their adherence to securities laws and corporate governance standards. By remaining below the specified financial thresholds, Parshwanath Corporation is relieved of this particular compliance obligation for the current quarter.

Company Background

Parshwanath Corporation Ltd operates in India's real estate and financial services sectors. Its business activities include construction, housing projects, and housing finance. The company was established in 1985.

Impact on Reporting

Shareholders should note that the company will not file the Annual Secretarial Compliance Audit Report for the quarter ending March 31, 2026. This exemption reduces a specific reporting requirement for Parshwanath Corporation, provided its financial metrics continue to stay below SEBI's stipulated limits.

Key Figures for Compliance

  • Parshwanath Corporation's Paid Up Equity Share Capital: ₹3.13 crore (as of March 31, 2026).
  • Parshwanath Corporation's Total Net Worth: ₹12.13 crore (as of March 31, 2026).
  • SEBI Threshold for Paid Up Equity Share Capital: ₹10 crore.
  • SEBI Threshold for Net Worth: ₹25 crore.

Future Outlook

Investors will track Parshwanath Corporation Ltd's future financial performance to see if its paid-up capital or net worth crosses the SEBI-prescribed thresholds. Monitoring any future announcements regarding compliance changes and the company's overall financial health will also be important.

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Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.