Decorous Investment & Trading Co. Ltd. has filed a regulatory disclosure stating that SEBI (LODR) Regulations, 2015 Regulation 15(2) regarding corporate governance provisions is not applicable to the company.
The non-applicability is based on the company's size falling below specified thresholds. As per the latest audited accounts as of March 31, 2026:
- Paid-up equity share capital: ₹3,45,00,000 (₹3.45 crore)
- Reserves & surplus: ₹48,42,640
- Net worth: ₹3,93,42,640 (₹3.93 crore)
These figures are below the Regulation 15(2) threshold limits of ₹10 crore for paid-up equity share capital and ₹25 crore for net worth as of the last day of the previous financial year (March 31, 2026).
The regulation specifies that corporate governance provisions under Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub-regulation 2 of Regulation 46 and Para C, D and E of Schedule V shall not apply to companies below these thresholds.
The company has provided an undertaking that whenever this regulation becomes applicable at a later date, they will comply with Regulation 15(2) requirements within six months from the date the provisions become applicable.