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Kuwer Industries has clarified it is not required to submit the Annual Secretarial Compliance Report. The company qualifies for an exemption from certain corporate governance provisions. This exemption applies to listed entities with a paid-up equity share capital not exceeding Rs. 10 Cr and a net worth not exceeding Rs. 25 Cr. Since Kuwer Industries meets these financial thresholds, it is not submitting the report for the last financial year. This indicates the company operates under a simplified compliance framework due to its current size.