Salona Cotspin Limited — Others, 21-10-2024: Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter

Salona Cotspin Limited announced that it is exempt from the corporate governance provisions of SEBI regulations due to having a paid-up equity capital of ₹5.26 crore, which is below the ₹10 crore threshold. Therefore, the company is not required to comply with the specified corporate governance requirements. The net worth is ₹79.76 crore, but the lack of meeting the paid-up capital condition results in the non-applicability of these governance provisions.