Ducon Infratechnologies Limited has officially informed stock exchanges that it does not qualify as a Large Corporate entity under SEBI's regulatory framework for the Financial Year 2026-2027. The company submitted its formal disclosure on April 13, 2026, to both BSE and NSE, confirming its non-applicability status under the Large Entity disclosure requirements.

Regulatory Compliance Framework

The disclosure was made in reference to SEBI circulars SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars establish the framework for fund raising by Large Corporates through debt securities issuance and mandate specific disclosure requirements for entities meeting the Large Corporate criteria.

Company's Financial Position

The company's compliance disclosure reveals its current financial standing regarding the Large Corporate classification criteria:

Disclosure Requirements

Under SEBI's framework, entities identified as Large Corporates must submit initial disclosures within 30 days from the beginning of each financial year. The regulations also stipulate that Large Corporates meeting specific criteria must raise a certain portion of their incremental borrowings through debt securities.

Compliance Officer Authorization

The disclosure was signed by Snehal Sawant, Company Secretary & Compliance Officer, and Harish Shetty, Chief Finance Officer. The document was digitally signed on April 14, 2026, ensuring proper authorization and compliance with regulatory requirements.

Regulatory Implications

By confirming its non-Large Corporate status, Ducon Infratechnologies Limited is exempt from the mandatory borrowing requirements through debt securities that apply to Large Corporate entities. The company's zero outstanding long-term borrowings as of March 31, 2026, clearly positions it outside the Large Corporate framework's applicability criteria.

Ducon Infratechnologies Limited has concluded its board meeting held on March 30, 2026, announcing significant leadership changes including the appointment of Ms. Vandana Govil as Additional Director and Executive Director, alongside the resignation of Mr. Harish Shetty from his directorial position.

Board Meeting Outcomes

The board meeting, which commenced at 5:30 PM and concluded at 5:50 PM on March 30, 2026, resulted in key governance decisions. On the recommendation of the Nomination and Remuneration Committee, the Board of Directors approved the appointment of Ms. Vandana Govil (DIN: 10174110) as an Additional Director and Executive Director for a term of 3 years, subject to members' approval at the ensuing General Meeting.

New Executive Director Profile

Ms. Vandana Govil brings extensive experience to the board, with more than 25 years in marketing and business development related to industrial equipment and green technologies. She has been working as Vice President of Business Development for Ducon Technologies Inc of USA for more than 15 years. Her educational qualifications include a bachelor's degree in Geography and a master's in finance from USA.

Leadership Transition

Simultaneously, the Board took note of Mr. Harish Shetty's resignation (DIN: 07144684) from the position of Executive Director, effective from the close of business hours on March 25, 2026, due to his other professional commitments. However, he will continue to serve as the Chief Financial Officer of the company, ensuring continuity in financial leadership.

Regulatory Compliance

The company has ensured full compliance with SEBI regulations, confirming that Ms. Vandana Govil is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The requisite details under Regulation 30 of the SEBI Listing Regulations have been submitted to both BSE Limited and National Stock Exchange of India Limited. The official communication was signed by Arun Govil, Managing Director (DIN: 01914619), and digitally authenticated on March 30, 2026.