NewsFaalcon Concepts Limited Declares Exemption from Annual Secretarial Compliance Report for FY26Faalcon Concepts Limited Declares Exemption from Annual Secretarial Compliance Report for FY26
Faalcon Concepts Limited has declared its exemption from submitting the Annual Secretarial Compliance Report under Regulation 24A for FY26, citing its BSE SME listing status. The exemption is based on Regulation 15(2) of SEBI LODR Regulations, 2015, which relieves SME-listed entities from various compliance requirements. Managing Director Ekta Seth signed the declaration communicated to BSE Limited on April 7, 2026, formally establishing the company's exemption from this regulatory requirement for the financial year ended March 31, 2026.
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Faalcon Concepts Limited has officially declared its exemption from submitting the Annual Secretarial Compliance Report under Regulation 24A for the financial year ended March 31, 2026. The company communicated this declaration to BSE Limited on April 7, 2026, citing its listing status on the BSE SME platform as the legal basis for the exemption.
Regulatory Framework and Exemption Basis
The exemption is grounded in Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, which provides specific relief to entities listed on SME exchanges. According to this regulation, companies listed on SME platforms are exempt from compliance with multiple regulatory provisions.
| Exempted Regulations: | Details |
|---|---|
| Core Regulations: | 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 |
| Additional Exemptions: | Clauses (b) to (i) of sub-regulation (2) of regulation 46 |
| Schedule Exemptions: | Para C, D and E of Schedule V of SEBI LODR Regulations, 2015 |
| Reference Circular: | SEBI Circular dated February 08, 2019 (CIR/CFD/CMDI/27/2019) |
Company's SME Listing Status
Faalcon Concepts Limited is listed on the BSE SME platform, which automatically qualifies the company for the regulatory exemptions outlined in the SEBI framework. The SME listing status provides relief from various compliance requirements that are mandatory for companies listed on the main board exchanges.
Declaration Details
The formal declaration was submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication specifically referenced the company's exemption from Regulation 24A compliance, which pertains to the Annual Secretarial Compliance Report requirement.
| Declaration Parameters: | Information |
|---|---|
| Submission Date: | April 7, 2026 |
| Signatory: | Ekta Seth, Managing Director |
| DIN: | 08141902 |
| Financial Year: | Ended March 31, 2026 |
| Digital Signature Time: | 16:26:01 +05'30' |
Impact on Compliance Requirements
The exemption means Faalcon Concepts Limited is not required to submit the Annual Secretarial Compliance Report for FY26, reducing the regulatory compliance burden typically associated with listed entities. This exemption is part of the broader regulatory framework designed to support SME companies by reducing compliance costs and administrative requirements while maintaining essential investor protection measures.
Historical Stock Returns for Faalcon Concepts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
Will SEBI consider expanding similar compliance exemptions to other categories of listed companies beyond SME platforms?
How might Faalcon Concepts' reduced compliance burden impact its operational costs and competitive positioning in FY27?
Could the company's SME listing status influence its decision timeline for potentially graduating to the main board?
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