Regulatory Basis for Exemption
The company cites Regulation 15(2) of SEBI (Listing Obligation & Disclosure Requirement) Regulations, 2015, which states that compliance with provisions of Regulations 17 to 27(2) is not mandatory for companies having:
- Paid-up equity share capital not exceeding ₹10 crore (Rupees Ten Crores)
- Net worth not exceeding ₹25 crore (Rupees Twenty-Five crores)
as on the last day of the previous financial year.
Company's Financial Position
Sarthak Global Limited confirms that as on 31st March 2026 (the last day of the previous financial year):
- Paid-up equity share capital does not exceed ₹10 crore
- Net worth does not exceed ₹25 crore
Scope of Exemption
Due to meeting the size criteria, the company is exempt from compliance with:
- Corporate Governance provisions specified in Regulations 17 to 27
- Clauses (b) to (i) of sub-regulation (2) of Regulation 46
- Para C, D and E of Schedule V
- Cyber Security incidence disclosure
- Specifically, Related Party provisions under Regulation 23(9) of SEBI LODR Regulations
Period Covered
The exemption applies for the half year ended 31st March 2026.
Purpose of Submission
The communication is submitted for BSE's records and information purposes.
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