Starcom Information Technology Limited, a Bengaluru-based IT firm, has officially communicated to the Bombay Stock Exchange (BSE) that Regulation 24A(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the submission of the Annual Secretarial Compliance Report is not applicable to the company for the financial year ending March 31, 2025. This determination is based on Regulation 15(2) of the same SEBI LODR regulations.

As per the details provided, the company’s paid-up equity share capital and net worth stand below the threshold limits prescribed by SEBI—specifically less than INR 10 Crore for paid-up equity capital and less than INR 25 Crore for net worth as on March 31, 2025. Due to this, Starcom Information Technology Limited qualifies for an exemption from filing the Annual Secretarial Compliance Report under the stipulated regulation.

The company has also affirmed its intention to adhere to Regulation 24A(2) in the future if circumstances change and the thresholds are crossed. In such a case, Starcom commits to comply with the regulation within six months from the date the provisions become applicable.

This disclosure is part of the company’s continuous compliance and transparency obligations towards its investors and regulatory authorities. Starcom Information Technology Limited’s compliance officer, Mr. Joydeep Sarkar, signed the communication dated May 28, 2025, from the company’s registered office in Bengaluru.

The move reassures stakeholders of the company’s adherence to regulatory frameworks while also clarifying its current compliance status. The exemption reflects the company’s current scale in terms of capital and net worth but does not limit its future regulatory responsibilities.

Starcom Information Technology Limited’s action to inform the stock exchange about the non-applicability of Regulation 24A(2) demonstrates a proactive approach in maintaining transparency and good governance practices in line with SEBI’s guidelines.

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