Elfin Agro India Limited Exempted from SEBI Regulation 24A Compliance Due to SME Exchange Listing
Elfin Agro India Limited has notified BSE Limited about its exemption from Regulation 24A of SEBI (LODR) Regulations, 2015, due to its listing on the BSE SME Exchange. The exemption relieves the company from submitting a Secretarial Compliance Report for the year ended March 31, 2026, and from other corporate governance provisions that apply to mainboard-listed companies. This exemption is part of SEBI's differentiated regulatory framework for SME-listed entities.

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Elfin Agro India Limited has officially communicated to BSE Limited regarding its exemption from specific SEBI compliance requirements. The company has clarified that Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 does not apply to its operations due to its listing status on the SME Exchange.
Regulatory Exemption Details
The exemption is based on Regulation 15(2) of SEBI (LODR) Regulations, 2015, which provides relief from corporate governance provisions specified in Regulations 17 to 27. The regulation exempts two categories of listed entities from these compliance requirements.
| Exemption Categories: | Details |
|---|---|
| Category A: | Listed entities with paid-up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore |
| Category B: | Listed entities with specified securities listed on SME Exchange |
| Applicable Category: | Category B - BSE SME Exchange listing |
Impact on Compliance Obligations
Elfin Agro India Limited falls under Category B as its equity shares are listed on the BSE SME Exchange. This classification automatically exempts the company from submitting the Secretarial Compliance Report for the year ended March 31, 2026. The exemption specifically covers compliance with corporate governance provisions and related disclosure requirements that apply to mainboard-listed companies.
Company Information
The formal communication was signed by Khushbu Sethi, Company Secretary and Compliance Officer (Membership No: A40048), and submitted to BSE Limited on April 15, 2026. The company is headquartered in Bhilwara, Rajasthan, and operates from its facility at RIICO Growth Centre, Swaroopganj, Hamirgarh.
| Company Details: | Information |
|---|---|
| Scrip Code: | 544724 |
| ISIN: | INE1FEW01013 |
| Exchange: | BSE SME |
| Location: | Bhilwara, Rajasthan |
This regulatory exemption reflects the differentiated compliance framework that SEBI has established for SME-listed companies, recognizing their distinct operational scale and requirements compared to mainboard-listed entities.
Will Elfin Agro India consider graduating to the mainboard in the future, and what compliance costs would they face?
How might SEBI's differentiated compliance framework for SME companies evolve in the coming years?
What competitive advantages does reduced compliance burden provide to SME-listed companies like Elfin Agro?
































