Shivchem Agro Limited has submitted a formal certificate to BSE Limited's Listing Compliance Department regarding the non-applicability of certain SEBI LODR regulations.
The certificate states that pursuant to Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the corporate governance provisions specified under Regulations 17 to 21 shall not apply to the company.
This exemption applies because the company meets both of the following conditions as on the last day of the previous financial year:
- Paid up equity share capital not exceeding ₹10 crore
- Net worth not exceeding ₹25 crore
The document also notes that these provisions are not applicable to companies which have listed their specified securities on the SME Exchange.
The certificate was issued for submission to BSE Limited and for the company's records. It was digitally signed by Rohit Agarwal, Chairman & Executive Director (DIN: 06693300) on October 16, 2026 at 10:59:48 +05'30'.
Financial Impact
Not quantified in the disclosure. The certificate confirms regulatory exemption status based on capital structure thresholds.