Benara Bearings & Pistons Ltd Exempted from Annual Secretarial Audit Report for FY26
Benara Bearings & Pistons Ltd has notified BSE Limited that it is exempt from submitting the Annual Secretarial Audit Report for FY26 under Regulation 24A of SEBI LODR Regulations. The exemption applies because the company is listed on BSE's SME Exchange platform, which automatically qualifies it for relief from various corporate governance provisions. Managing Director Vivek Benara submitted the formal communication on April 7, 2026, requesting BSE to record the company's exempt status.
*this image is generated using AI for illustrative purposes only.
Benara bearings & Pistons Ltd has officially communicated to BSE Limited regarding the non-applicability of the Annual Secretarial Audit Report requirement for the financial year ended March 31, 2026. The company's exemption is based on its listing status on the SME Exchange platform.
Regulatory Exemption Details
The company has cited Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, which provides specific exemptions for certain categories of listed entities. Under this regulation, compliance with various corporate governance provisions is not mandatory for companies meeting specific criteria.
| Exemption Criteria: | Details |
|---|---|
| Paid-up Capital: | Not exceeding ₹ 10.00 Crore |
| Listing Platform: | SME Exchange platform |
| Applicable Regulations: | 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 |
| Schedule V Provisions: | Para C, D and E |
SME Platform Benefits
Benara Bearings & Pistons Ltd's listing on the SME Board of BSE automatically qualifies it for exemption from Regulation 24A compliance. This regulation typically mandates the submission of Annual Secretarial Audit Reports, but SME-listed companies are specifically excluded from this requirement.
The exemption covers multiple corporate governance provisions under SEBI LODR Regulations, 2015, providing operational flexibility to smaller enterprises while maintaining essential regulatory oversight.
Company Communication
The formal communication was submitted to BSE Limited's Corporate Services department on April 7, 2026. Managing Director Vivek Benara signed the notification, which was digitally authenticated and submitted to ensure proper documentation of the company's compliance status.
| Communication Details: | Information |
|---|---|
| Submission Date: | April 7, 2026 |
| Recipient: | BSE Limited Corporate Services |
| Scrip Code: | 541178 (SME) |
| Signatory: | Vivek Benara, Managing Director |
| DIN: | 00204647 |
The company has requested BSE to acknowledge and record this exemption status, ensuring proper documentation of its regulatory compliance position for the financial year 2026.
Historical Stock Returns for Benara Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | +10.77% | +5.62% | -26.87% | -47.05% | +6.78% |
Will Benara Bearings consider graduating to the main board if its paid-up capital exceeds ₹10 crore in future years?
How might the reduced compliance burden impact Benara Bearings' operational costs and profitability going forward?
Could SEBI modify the exemption criteria for SME-listed companies, potentially affecting Benara Bearings' regulatory status?
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