Starsource Multitrade Limited Claims Exemption from Annual Secretarial Compliance Report for FY26
Starsource Multitrade Limited has claimed exemption from the Annual Secretarial Compliance Report for FY26 under SEBI Regulation 15(2), as its paid-up equity capital of ₹1.50 crore and net worth of ₹13.14 crore (as of March 31, 2025) fall below the regulatory thresholds of ₹10 crore and ₹25 crore respectively. The company has committed to comply with regulatory requirements within six months if the provisions become applicable in the future.

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Starsource Multitrade Limited has notified the Bombay Stock Exchange of its decision to claim exemption from the Annual Secretarial Compliance Report requirement for the financial year ending March 31, 2026. The company, formerly known as Chemo Pharma Laboratories Limited, is utilizing the exemption provision under Regulation 15(2) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Regulatory Exemption Criteria
The company qualifies for the exemption based on specific financial thresholds established by SEBI regulations. Under Regulation 15(2), companies with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore are exempt from certain compliance requirements.
| Financial Parameter | Amount | Regulatory Threshold |
|---|---|---|
| Paid-up Equity Share Capital (March 31, 2026) | ₹1,50,00,000 | ₹10 crore |
| Net Worth (March 31, 2025) | ₹13,14,46,228 | ₹25 crore |
Compliance Status and Future Commitments
Due to this exemption, Starsource Multitrade Limited is not required to submit the Corporate Governance Report for the year ended March 31, 2026, under Regulation 24A of SEBI Listing Regulations. The company has noted that audited figures for the year ended March 31, 2026, are still awaited, preventing the exact determination of the current net worth.
The company has provided assurance regarding future compliance obligations. Management has undertaken that if and when these regulations become applicable to the company, it will comply with all requirements within six months from the date the provisions become applicable.
Company Background
Starsource Multitrade Limited, with CIN L46900MH1942PLC003556, operates from its registered office at 5 - Kumud Apartment CHS Ltd, Karnik Road, Chikan Ghar, Kalyan - 421301, India. The company maintains its corporate headquarters at 1016, North Plaza, Near D Mart, Motera, Ahmedabad - 380005, India. The communication to BSE was signed by Ruchit Mehta, Managing Director & Chief Executive Officer, bearing DIN 08810586.
Historical Stock Returns for Star Source Multi Trade
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -11.48% | +19.84% | -16.40% | -20.47% | +330.93% |
What strategic initiatives might Starsource Multitrade pursue to grow beyond the regulatory thresholds and when would full compliance obligations likely kick in?
How will the company's transition from Chemo Pharma Laboratories to Starsource Multitrade impact its business model and growth trajectory?
What are the potential risks and benefits for investors when companies operate under reduced compliance requirements?


































