Abhishek Finlease Limited Exempted from Secretarial Compliance Report Due to Capital Threshold

1 min read     Updated on 09 Apr 2026, 06:41 PM
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AI Summary

Abhishek Finlease Limited has informed BSE that it is exempted from submitting secretarial compliance report under Regulation 24A(2) as its paid-up capital and net worth are below ₹10 crore threshold. The notification was digitally signed by Managing Director Mahendra M Shah and submitted on April 9, 2026, ensuring compliance transparency with the exchange.

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Abhishek Finlease Limited has notified BSE Limited regarding its exemption from submitting the secretarial compliance report under Regulation 24A(2) of SEBI regulations. The company cited that its paid-up capital and net worth are below the prescribed threshold of ₹10 crore, making the compliance requirement non-applicable.

Regulatory Exemption Details

The communication addressed to BSE Limited clarifies the company's position regarding the secretarial compliance report submission. Under SEBI regulations, companies with paid-up capital and net worth exceeding ₹10 crore are required to submit secretarial compliance reports as part of their regulatory obligations.

Parameter Details
Regulation 24A(2) - Secretarial Compliance Report
Threshold Limit ₹10 crore
Company Status Below threshold (paid-up capital and net worth)
Exemption Status Not applicable

Company Information

Abhishek Finlease Limited, incorporated in 1995, operates from Ahmedabad, Gujarat. The company is engaged in financial services and maintains its registered office at Wall Street-1, Ellisbridge area of the city.

Corporate Details Information
CIN L67120GJ1995PLC024566
Scrip Code 538935
Managing Director Mahendra M Shah
DIN 01591552
Location Ahmedabad, Gujarat

Compliance Communication

The formal communication to BSE was digitally signed by Managing Director Mahendra M Shah on April 9, 2026. This notification ensures transparency with the stock exchange regarding the company's compliance status and regulatory obligations.

The exemption from secretarial compliance reporting reflects the company's current financial position relative to regulatory thresholds. Companies falling below the specified capital and net worth limits are not required to undertake this particular compliance exercise, streamlining regulatory requirements for smaller entities.

Historical Stock Returns for Abhishek Finlease

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

What growth strategies might Abhishek Finlease pursue to eventually cross the ₹10 crore threshold and trigger mandatory compliance requirements?

How could this exemption status affect investor perception and the company's ability to attract institutional funding?

Will SEBI consider revising the ₹10 crore threshold limit for secretarial compliance reports in upcoming regulatory reforms?

Abhishek Finlease Limited Confirms Non-Large Corporate Status in Annual Disclosure

1 min read     Updated on 08 Apr 2026, 05:52 PM
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Abhishek Finlease Limited formally notified BSE that it does not qualify as a Large Corporate under SEBI's regulatory framework for debt securities issuance. The disclosure was made pursuant to SEBI circulars governing fund raising by large entities, with Managing Director Mahendra M Shah confirming that Annexure A disclosure is not required for the company.

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Abhishek Finlease Limited has formally submitted its initial disclosure to BSE Limited, confirming that it does not qualify as a Large Corporate under the regulatory framework established by the Securities and Exchange Board of India. The company made this disclosure on April 08, 2026, addressing its compliance status regarding Large Corporate criteria for debt securities issuance.

Regulatory Compliance Framework

The disclosure was made pursuant to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, as amended, read with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. These circulars govern fund raising by large entities through debt securities issuance under Chapter XII of the regulatory framework.

Regulatory Details: Information
Primary Circular: SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
Supporting Circular: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
Framework Chapter: Chapter XII - Fund raising by issuance of Debt Securities
Disclosure Type: Initial Disclosure

Company Status Declaration

Abhishek Finlease Limited explicitly stated in its communication to BSE that it is not a Large Corporate as per the applicability framework provided in the said circular. Consequently, the company confirmed that a disclosure in Annexure A is not required for its operations. This classification determines the regulatory requirements for debt securities issuance and associated compliance obligations.

Corporate Communication Details

The disclosure was signed by Managing Director Mahendra M Shah and submitted to BSE's Corporate Relationship Department. The company requested BSE to take the information on record as part of its regulatory compliance requirements.

Company Details: Information
Signatory: Mahendra M Shah
Designation: Managing Director
DIN: 01591552
Date of Disclosure: April 08, 2026
Digital Signature Time: 13:25:59 +05'30'
Recipient: General Manager- Listing, Corporate Relationship Department

The submission represents the company's proactive approach to regulatory compliance under SEBI's framework for monitoring and categorizing corporate entities based on their size and fund-raising activities through debt securities.

Historical Stock Returns for Abhishek Finlease

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

What growth trajectory would Abhishek Finlease need to achieve to potentially qualify as a Large Corporate under SEBI's framework in the future?

How might this non-Large Corporate status impact the company's debt fundraising costs and investor appeal compared to larger competitors?

Will SEBI's regulatory framework changes in 2025-2026 affect the classification thresholds for determining Large Corporate status?

More News on Abhishek Finlease

1 Year Returns:-100.00%