Fervent synergies Limited has officially confirmed to BSE that it does not meet the Large Corporate criteria under SEBI regulations as of March 31, 2026. The company made this declaration in compliance with regulatory requirements for debt securities issuance framework.

Regulatory Compliance Declaration

The company submitted its confirmation on April 11, 2026, addressing SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and BSE Circular No. LIST/COMP/05/2019-20 dated April 11, 2019. These circulars pertain to fund raising by issuance of debt securities by large entities.

Large Corporate Criteria Assessment

Fervent Synergies Limited specifically stated that it does not fulfill the criteria specified in Para 2.2 of the SEBI circular. The company emphasized that it cannot be considered as a Large Corporate as defined under the said circular framework. This confirmation relates to the regulatory requirements for debt securities issuance by large entities.

Official Communication

The formal communication was signed by Managing Director Sanjay Thakkar (DIN: 00588420) and submitted to BSE at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company requested BSE to take note of this regulatory compliance confirmation.

This declaration ensures the company remains compliant with SEBI's regulatory framework regarding large corporate classifications and associated debt securities issuance requirements.

Fervent Synergies Limited has announced significant board transitions with three independent directors completing their terms on March 31, 2026, while three new independent directors were appointed effective April 1, 2026. The company's board changes reflect regulatory compliance with SEBI LODR Regulations and strengthen governance structure.

Completion of Independent Director Terms

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, three independent directors completed their second terms on March 31, 2026. The directors ceased to be independent directors with effect from end of business hours on March 31, 2026.

The Board of Directors and Management placed on record their sincere appreciation for the valuable contributions, guidance and services rendered by the outgoing directors during their association with the company.

New Independent Director Appointments

Following the board meeting held on March 26, 2026, the company approved appointment of three new Additional Directors designated as Non-Executive Independent Directors, effective April 1, 2026, for five-year terms. The appointments were made based on recommendations from the Nomination & Remuneration Committee and are subject to shareholder approval through special resolution.

Committee Reconstitution and Regulatory Compliance

Following the new appointments, the board reconstituted three key committees with the new independent directors. All appointees satisfy the independence criteria prescribed under the Companies Act, 2013 and SEBI regulations, and are not debarred from holding directorial positions.

Shareholder Approval Process

The board approved conducting a postal ballot in accordance with Section 110 of the Companies Act, 2013, and SEBI regulations to seek shareholder approval for the new director appointments. The seamless transition reflects the company's commitment to maintaining strong governance standards while ensuring continuity in board oversight and strategic guidance.