Sidh Automobiles Limited has formally communicated to BSE Limited that the company is exempt from compliance with specific corporate governance provisions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The exemption applies pursuant to Regulation 15(2) of SEBI LODR Regulations, 2015. The specific provisions that do not apply to the company include Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clause (b) to (i) of Sub Regulation (2) of Regulation 46, along with Para C, D and E of Schedule V.
The basis for this exemption is the company's financial metrics as of March 31, 2026. The paid-up equity share capital was less than ₹10 crore and the net worth was less than ₹25 crore, placing the company below the threshold for mandatory compliance with these corporate governance provisions.
Specifically, the company confirms it is not required to comply with Regulation 23(9) of SEBI LODR Regulations, 2015 for the half year ended September 30, 2026.
The disclosure was signed by Shahabaz Nisar Ahmed Shaikh, Managing Director (DIN: 11735596), on behalf of the Board of Directors of Sidh Automobiles Limited.