<h1>Clear Secured Services Limited Declares Non-Applicability of Corporate Governance Norms Due to SME Listing Status</h1>
Mumbai: Clear Secured Services Limited (formerly Clear Secured Services Private Limited) has stated that certain provisions relating to corporate governance are not applicable to the company, as its securities are listed on the SME platform of NSE Limited (NSE Emerge).
The declaration confirms that because the company is listed on the SME Exchange, it is exempt from the requirement to submit a comprehensive Report on Corporate Governance to the exchange. This status determination has been verified by M/s. Nishant Bajaj & Associates, who reviewed the company’s financial data spanning three financial years.
M/s. Nishant Bajaj & Associates provided a certification detailing the company's paid up capital and net worth as recorded in the financial statements uploaded with NSE Limited. This verification serves to confirm that Clear Secured Services Limited falls into category (b) for exemption, meaning it is listed on the SME Exchange.
The key financial data verified by the firm includes:
| Financial Year | Paid up Capital (in Lakhs) | Net Worth (in Lakhs) |
|---|---|---|
| 2023-24 | 25 | 9459.0028 |
| 2024-25 | 25 | 9961.71 |
| 2025-26 | 2404.71 | 20986.38 |
Based on these findings, the company is not required to submit a Corporate Governance report as stipulated under Regulation 27(2a) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
CSSL Stock Price Movement
Shares of Clear Secured Services Limited shed value today, sinking 1.96% to settle at ₹101. Trading during the session saw a range between a low of ₹100 and a high of ₹107, with a total volume of 38,000 shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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