Company Update

Margo Finance Limited has announced that it is exempt from submitting the Annual Secretarial Compliance Report for the year due to its paid-up equity share capital of Rs. 4.57 Cr and net worth of Rs. 8.14 Cr as on the last financial year-end.

Since these figures are below the specified threshold, the company is not required to comply with certain corporate governance provisions.

This reflects the company’s smaller capital base and impacts its compliance obligations, potentially reducing administrative overhead for shareholders and management.