Ajwa Fun World & Resort Ltd has notified BSE Limited about its exemption from submitting the Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The exemption is granted under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides relief to smaller listed entities from certain corporate governance requirements.

Regulatory Exemption Criteria

The SEBI regulations specify that corporate governance provisions, including the Annual Secretarial Compliance Report under Regulation 24A, do not apply to listed entities meeting specific financial thresholds. Companies with paid-up equity share capital not exceeding Rs. 10 crores and net worth not exceeding Rs. 25 crores as on the last day of the previous financial year qualify for this exemption.

Company's Financial Position

As of March 31, 2026, Ajwa Fun World & Resort Ltd's financial parameters clearly fall within the exemption criteria:

The company's negative net worth of Rs. (1.88) crores indicates financial challenges, while its paid-up capital remains well below the regulatory threshold.

Future Compliance Commitment

In its communication to BSE, the company has assured that it will comply with the Annual Secretarial Compliance Report requirements within six months from the date these provisions become applicable. This would occur if the company's financial parameters exceed the specified thresholds in future financial years.

Corporate Information

Ajwa Fun World & Resort Ltd operates under CIN L45201GJ1992PLC018294 and is engaged in the hospitality and entertainment sector. The company's corporate office is located in Vadodara, Gujarat, and it operates various facilities including Ajwa Water Park, Ajwa Fun World, and Ajwa Resort & Party Plots. The notification was signed by Rajeshkumar Chunilal Jain, Managing Director of the company.

Ajwa Fun World & Resort Ltd. has submitted its mandatory Compliance Certificate under SEBI Regulation 40(10) to the Bombay Stock Exchange, covering the period from April 1, 2025 to March 31, 2026. The submission, dated April 10, 2026, demonstrates the company's adherence to regulatory requirements for share transfer operations.

Regulatory Compliance Details

The compliance certificate was issued by CS Vivek Vasani (ACS: 34219, CP: 12743) from V N Vasani & Associates, a practising company secretary. The certificate confirms the company's compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Transfer Operations

The certificate validates that the company has maintained proper compliance with share transfer requirements during the specified period. According to the certification:

• Share certificates relating to transfer deeds and transmission received during the period were issued within thirty days from the respective date of lodgement
• All transfers entered in the Memorandum of Transfers were processed timely, except those rejected on technical grounds
• No requests for exchange of duplicate or split certificates were received during the period under consideration

Company Information

Ajwa Fun World & Resort Ltd. operates under CIN L45201GJ1992PLC018294 and maintains its corporate office at A-Tower, 1st Floor, Kunj-Resi-cum Plaza, Palace Road, Vadodara, Gujarat. The company's share transfer operations are managed by M/s. Adroit Corporate Services Private Limited, serving as the Registrar and Share Transfer Agents.

Regulatory Framework

Regulation 40(10) of SEBI (LODR) 2015 mandates listed companies to submit compliance certificates confirming adherence to share transfer timelines and procedures. This requirement ensures transparency and efficiency in share transfer operations, protecting investor interests and maintaining market integrity.