Coastal Roadways Limited Confirms Non-Fulfillment of Large Corporate Criteria Under SEBI Circular

2 min read     Updated on 10 Apr 2026, 08:36 PM
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Coastal Roadways Limited has formally notified BSE Limited through official communication reference CRL/KOL/SEC/BBY/APRIL/26 that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework for debt securities issuance. The confirmation, digitally signed by Director & CFO Raja Saraogi and Company Secretary Sneha Jain on April 10, 2026, establishes the company's exempt status from specific compliance and disclosure requirements outlined in the November 2018 SEBI circular.

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Coastal Roadways Limited has formally notified BSE Limited that it does not meet the criteria to be classified as a 'Large Corporate' under the regulatory framework established by SEBI. This confirmation relates to specific compliance requirements for debt securities issuance by large entities.

Regulatory Framework and Compliance Status

The company's confirmation addresses SEBI circular number SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which established guidelines for fund raising through debt securities by large entities. Under this regulatory framework, companies meeting specific criteria are classified as 'Large Corporate' entities and must comply with enhanced disclosure and compliance requirements.

Parameter: Details
SEBI Circular Reference: SEBI/HO/DDHS/CIR/P/2018/144
Circular Date: November 26, 2018
Subject Matter: Fund Raising by Debt Securities - Large Entities
Company Status: Not classified as Large Corporate
Disclosure Obligation: Not applicable

Corporate Communication and Authorization

The formal notification was submitted to BSE Limited on April 10, 2026, through reference CRL/KOL/SEC/BBY/APRIL/26. The communication was duly authorized and digitally signed by key company officials, ensuring proper corporate governance protocols were followed.

Signatory: Position Credentials
Raja Saraogi: Director & CFO DIN: 00271334
Sneha Jain: Company Secretary & Compliance Officer ACS - 38991

Official Communication Details

The company addressed its communication to the Manager, Department of Corporate Services at BSE Limited, located at P. J. Towers, 25th Floor, Dalal Street, Mumbai. The letter explicitly stated that Coastal Roadways Limited is not identified as a 'Large Corporate' as per the framework provided in the SEBI circular and hence the circular is not applicable to the company.

Communication Detail: Information
Reference Number: CRL/KOL/SEC/BBY/APRIL/26
Date: April 10, 2026
Recipient: BSE Limited
BSE Code: 520131
Digital Signature Time: 13:13:28 +05'30' (Raja Saraogi)

Implications for Coastal Roadways Limited

Since Coastal Roadways Limited does not qualify as a Large Corporate under the SEBI framework, the company is exempt from the specific compliance and disclosure requirements outlined in the November 2018 circular. This classification affects the company's regulatory obligations particularly regarding debt securities issuance and related reporting requirements.

The company has requested BSE to take this information on record, formally establishing its compliance status under the relevant SEBI guidelines. This confirmation provides clarity on the company's regulatory position and helps stakeholders understand the applicable compliance framework for Coastal Roadways Limited's corporate activities.

Historical Stock Returns for Coastal Roadways

1 Day5 Days1 Month6 Months1 Year5 Years
+4.97%+15.67%+4.63%-18.61%+1.17%+113.96%

What are Coastal Roadways' future debt financing plans given their exemption from Large Corporate disclosure requirements?

Could the company's current size and financial metrics change to potentially qualify it as a Large Corporate in upcoming years?

How might this regulatory classification impact investor perception and the company's access to capital markets?

Coastal Roadways Limited Submits SEBI Certificate for Q4FY26 Compliance

1 min read     Updated on 06 Apr 2026, 09:07 PM
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Coastal Roadways Limited submitted its Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for Q4FY26 ended March 31, 2026. The certificate, issued by Registrar S.K. Infosolutions Pvt Ltd and submitted by Company Secretary Sneha Jain on April 6, 2026, confirms compliance with dematerialization requirements and proper handling of securities during the quarter.

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Coastal roadways Limited has fulfilled its regulatory obligations by submitting the mandatory Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 6, 2026, by Company Secretary Sneha Jain.

Regulatory Compliance Certificate

The certificate was issued by S.K. Infosolutions Pvt Ltd, which serves as the Registrar and Share Transfer Agent for Coastal Roadways Limited. This document confirms the company's compliance with dematerialization requirements during the fourth quarter of fiscal year 2026.

Parameter: Details
Reporting Period: Quarter ended March 31, 2026
Certificate Issuer: S.K. Infosolutions Pvt Ltd
Submission Date: April 6, 2026
Submitted By: Sneha Jain, Company Secretary
Reference Number: CRL/KOL/SEC/BSE/APRIL/2026

Certificate Confirmation

The certificate confirms that securities received from Depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories. S.K. Infosolutions Pvt Ltd, represented by Manager Dilip Bhattacharyya, verified that all securities comprised in the certificates have been listed on stock exchanges where previously issued securities are traded.

Compliance Verification

The Registrar and Share Transfer Agent confirmed several key compliance aspects:

  • Securities received for dematerialization were accepted or rejected as appropriate
  • Security certificates received for dematerialization were mutilated and cancelled after due verification
  • Names of depositories were substituted in the register of members as registered owners within the mandated 15-day period
  • All procedures followed SEBI guidelines and depository participant requirements

Corporate Information

Coastal Roadways Limited operates with its corporate office located at 1/1, Camac Street, 5th Floor, Kolkata - 700 016. The company maintains its registered and administrative office at 4, Black Burn Lane, Kolkata-700 012. The submission ensures continued compliance with SEBI regulations governing depositories and participants for the reporting quarter.

Historical Stock Returns for Coastal Roadways

1 Day5 Days1 Month6 Months1 Year5 Years
+4.97%+15.67%+4.63%-18.61%+1.17%+113.96%

Will Coastal Roadways Limited's consistent regulatory compliance improve its ESG ratings and attract institutional investors in 2026?

How might the increasing trend of dematerialization affect Coastal Roadways' shareholder base composition and trading liquidity?

Could S.K. Infosolutions' role as registrar indicate potential expansion of their services to other listed companies in the transportation sector?

More News on Coastal Roadways

1 Year Returns:+1.17%