Ajcon Global Services Limited has formally communicated to BSE Limited that it does not fall under the Large Corporate category as defined by SEBI regulations, thereby exempting it from specific disclosure requirements.

SEBI Compliance Declaration

The company submitted an undertaking pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2021/613 dated August 10, 2021. Executive Director and CFO Ankit Ajmera confirmed that the company maintains a debt-free status and does not meet the criteria for Large Corporate classification under the regulatory framework.

Executive Confirmation

Ankit Ajmera, Executive Director and CFO (DIN: 00200434), provided the formal confirmation on behalf of the company. The undertaking was submitted to BSE Limited's Department of Corporate Services, ensuring compliance with regulatory communication requirements.

Regulatory Context

The SEBI circular referenced in the communication pertains to disclosure requirements for Large Corporates. Since Ajcon Global Services does not meet the criteria for this classification, the company is exempt from the initial disclosure obligations outlined in the regulatory framework. This status reflects the company's current financial position and borrowing profile as of the specified date.

Ajcon Global Services Limited has notified BSE Limited about its non-applicability status for related party transaction disclosure requirements under SEBI regulations. The company filed this disclosure on February 13, 2026, citing exemptions available to smaller listed entities.

Regulatory Exemption Details

The company is exempt from Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, which mandates submission of related party transaction disclosures to stock exchanges. This exemption falls under Regulation 15(2) of the SEBI LODR Regulations, specifically designed for companies with smaller capital base and net worth.

The exemption criteria are based on the company's financial position as on March 31, 2025, where both paid-up equity share capital and net worth remained below the prescribed regulatory thresholds of ₹10 crore and ₹25 crore respectively.

Financial Position Analysis

According to the auditor's certificate issued by Bhatter & Company, Chartered Accountants, the company's financial metrics for the previous three financial years demonstrate consistent capital structure with gradual growth in net worth.

The data shows that while the paid-up share capital remained static at ₹611.62 lakhs across all three years, the company's net worth demonstrated steady growth, increasing from ₹1749.49 lakhs in 2022-23 to ₹2056.18 lakhs in 2024-25.

Compliance Commitment

Ajcon Global Services has assured BSE that it will maintain regulatory compliance standards. The company stated that whenever Regulation 23(9) becomes applicable at a future date, it will comply with the related party transaction disclosure requirements within six months from the date the provisions become applicable.

This proactive communication demonstrates the company's commitment to transparency and regulatory adherence, even while operating under current exemptions. The disclosure was signed by Kaushal K Shukla, serving as Company Secretary and Compliance Officer, and includes the statutory auditor's certificate as supporting documentation.