Regulatory Basis
The disclosure is made pursuant to Regulation 15 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, which specifies that compliance with corporate governance provisions (Regulation 17, 17A, 18, 19, 20, 21, 22, 23, 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) shall not apply to:
- Listed entities with paid up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as on the last day of previous financial year
- Listed entities that have listed specified securities on the SME Platform of Bombay Stock Exchange of India
Company Status
Riddhi Display Equipments Limited has listed its specified securities on the SME Platform of Bombay Stock Exchange of India Limited, placing it under the ambit of the exemption provision.
Compliance Impact
As a result of this exemption, the company is not required to submit a Corporate Governance Report for the quarter ended 30th June, 2026.
Future Undertaking
The company undertakes that whenever these regulations become applicable at a later date, it will comply with the requirements within six months from the date the provisions become applicable.
Recipient
BSE Limited, Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001