NewMalayalam Steel

Newmalayalam Steel Limited, previously known as Newmalayalam Steel Private Limited, is a public entity operating in India's steel industry. The company has listed its securities on the SME Exchange, which subjects it to specific regulations for smaller enterprises. This listing status exempts it from certain corporate governance provisions under SEBI regulations due to its small size. The exemption is based on its financial scale, with a paid-up equity share capital not exceeding ten crore rupees. Additionally, its net worth on the last day of the previous financial year was not more than twenty-five crore rupees. The company commits to complying with these regulations within six months if its status changes and they become applicable.;