Vivaa Tradecom Limited has submitted a formal communication to the BSE SME platform regarding the non-applicability of certain SEBI corporate governance provisions for the period ended 31st March, 2026.
The company cites Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which exempts listed entities from compliance with specified corporate governance provisions under two conditions:
- Having paid-up equity share capital not exceeding ₹10 crore
- Net worth not exceeding ₹25 crore
as on the last day of the previous financial year, OR
- Being listed on the SME Exchange
Vivaa Tradecom Limited qualifies for exemption as it has listed its specified securities on the SME Exchange of BSE Limited. Consequently, the requirement for submission of Disclosure of Related Party Transactions under Regulation 23(9) for the period ended 31st March, 2026 is not applicable to the company.
The company provides an undertaking that whenever these regulations become applicable at a later date, it will comply with the requirements within the prescribed timelines.