Regulatory Basis for Exemption
The company states that it qualifies for exemption under Regulation 15(2)(b) of SEBI LODR Regulations, 2015 as its equity shares are listed on the SME Platform of BSE Limited. Consequently, the provisions relating to Corporate Governance as stipulated under Regulation 27(2) of SEBI LODR Regulations, 2015 are not applicable to the company.
Specific Regulations Exempted
The exemption covers corporate governance provisions specified in Regulations 17, 17A, 18, 19, 20, 21, 22, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 and para C, D and E of Schedule V of SEBI LODR Regulations.
Supporting Documentation
The filing includes a certificate from HPN & Associates, Company Secretaries (FRN: S2019TN696300), confirming the non-applicability of corporate governance provisions. The certificate references Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Parties Involved
- Company Representative: Kush Mishra, Company Secretary & Compliance Officer (Membership No.: A62001)
- Practicing Company Secretary: H P Nitesh, Company Secretary in Practice (FCS: 12446, COP: 17698, P.R.No.3013/2023) of HPN & Associates
Impact Statement
The company is not required to submit the Corporate Governance Report for the quarter ended 30th September 2026 due to its SME listing status.