Lake Shore Realty Exempted from Annual Compliance Report

Lake Shore Realty Ltd, previously known as Mahaan Foods Limited, will not be filing its Annual Secretarial Compliance Report for the financial year ending March 31, 2026. The company's paid-up equity share capital stands at ₹350.07 lakh (₹3.50 crore), and its net worth is ₹2021.10 lakh (₹20.21 crore).

Regulatory Filing Details

This exemption is granted under Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The criteria are met because the company's paid-up equity share capital of ₹3.50 crore and net worth of ₹20.21 crore are below SEBI's specified thresholds of ₹10 crore and ₹25 crore, respectively. Consequently, the company will not submit this particular report to the stock exchanges.

Benefit for the Company

For Lake Shore Realty, this exemption simplifies its annual regulatory compliance procedures. It reduces the administrative burden and associated costs by removing the requirement for an external secretarial audit report for this specific compliance purpose.

Company Background

Lake Shore Realty Ltd was formerly Mahaan Foods Limited, indicating a potential strategic shift or restructuring in its business operations over time.

Investor Impact

Shareholders can expect a reduced administrative load for the company. The company will save on the expenses associated with preparing and submitting this report. This allows the company to redirect compliance efforts toward other critical SEBI Listing Obligations and Disclosure Requirements.

Regulatory Context

Companies with paid-up capital below ₹10 crore and net worth below ₹25 crore are generally eligible for this specific exemption under SEBI rules. This compliance relief is common among many small-cap entities listed on Indian exchanges.

Key Figures for Exemption

The company's paid-up equity share capital for FY26 was ₹350.07 lakh (₹3.50 crore). Its net worth, as of FY26, was ₹2021.10 lakh (₹20.21 crore). These figures are below SEBI's exemption thresholds for paid-up capital (₹10 crore) and net worth (₹25 crore) for FY26.

Moving Forward

Investors should monitor future filings for any operational updates or business developments from Lake Shore Realty. Any changes in the company's capital structure or net worth will be noted to see if they affect future compliance exemptions. Further announcements related to its real estate development business should also be monitored.