Elfin Agro India Limited Exempted from SEBI Regulation 24A Compliance Due to SME Exchange Listing

1 min read     Updated on 15 Apr 2026, 06:31 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
37803692

*this image is generated using AI for illustrative purposes only.

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?

like15
dislike

Elfin Agro India Limited Appoints Cameo Corporate Services as Share Transfer Agent

2 min read     Updated on 09 Apr 2026, 04:58 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Elfin Agro India Limited has appointed Cameo Corporate Services Limited as its share transfer agent through an agreement dated 03rd April, 2026, in compliance with SEBI LODR Regulations. The 2-year contract covers comprehensive services including physical transfers, depository services, and corporate actions for the company's 246 shareholders/folios, with annual maintenance charges of Rs. 60,000/-.

powered bylight_fuzz_icon
37236524

*this image is generated using AI for illustrative purposes only.

Elfin Agro India Limited has entered into a comprehensive share transfer agent agreement with Cameo Corporate Services Limited on 03rd April, 2026, as intimated to BSE Limited on April 8, 2026. The appointment has been made in accordance with Regulation 7 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The formal agreement was executed between Cameo Corporate Services Limited, a SEBI registered share transfer agent with Registration No. INRD00003753, and Elfin Agro India Limited. The company has around 246 shareholders/folios requiring transfer, transmission and related services as per its Articles of Association.

Parameter: Details
Agreement Date: 03rd April, 2026
Validity Period: 01.04.2026 to 31.03.2028
Contract Duration: 2 years
Renewal: Automatic renewal for 2 years each
Termination Notice: 3 months written notice

Service Scope

Cameo Corporate Services Limited will handle comprehensive share transfer activities from its office at "Subramanian Building", No.1, Club House Road, Chennai 600 002, Tamil Nadu. The services encompass:

Physical Transfer Work:

  • Receipt and processing of transfer, transmission, endorsement requests
  • Processing of fully paid-up endorsements and call money receipts
  • Verification of transfer deeds and preparation of transfer proposals
  • Dispatch of transferred certificates within mandatory periods
  • Dematerialisation and rematerialisation of shares

Depository Services:

  • Compliance with NSDL and CDSL provisions
  • Electronic communication establishment with depositories
  • Processing of demat/remat requests
  • Corporate actions management
  • Shareholding pattern reporting

Fee Structure

The agreement includes detailed fee schedules for various services:

Service: Charges
Annual Maintenance: Rs. 60,000/- per annum
Dividend Processing: Rs. 2/- per shareholder (minimum Rs. 1,000/-)
E-voting Services: Rs. 5,000/- per e-voting
AGM/EGM Attendance: Rs. 5,000/- per meeting
Corporate Actions: Rs. 1,500/- per action

Regulatory Compliance

Cameo Corporate Services Limited has confirmed its SEBI registration status and compliance with all regulatory requirements. The transfer agent has undertaken to maintain the highest standards of integrity and fairness while performing its duties within specified time limits as per relevant statutes, SEBI Guidelines and Stock Exchange Regulations.

Record Maintenance

The transfer agent will maintain all necessary documents and records for a minimum period of 8 years as provided in Regulation 15 of the SEBI (Registrar to an Issue and Share Transfer Agent) Rules and Regulations, 2025. These records include transfer registers, correspondence, investor complaints, and magnetic tapes containing shareholder data.

Key Personnel

The agreement has been signed by Mr. R.D. Ramasamy, Whole-time Director (DIN: 01649263) representing Cameo Corporate Services Limited, and Mr. Deepak Pal Daga, Managing Director (DIN: 05173273) representing Elfin Agro India Limited. The intimation to BSE was signed by Khushbu Sethi, Company Secretary & Compliance Officer (Membership No: A40048).

Will Elfin Agro India's transition to Cameo Corporate Services improve shareholder service efficiency and reduce processing delays?

How might the automatic renewal clause impact Elfin Agro's operational costs over the next 4-6 years?

Could this partnership signal Elfin Agro's preparation for potential corporate actions like stock splits or bonus issues?

like19
dislike

More News on Elfin Agro