GCM Capital Advisors Limited Notifies Non-Applicability of Annual Secretarial Audit Report for FY26
GCM Capital Advisors Limited has notified BSE Limited that the Annual Secretarial Audit Report for FY26 under Regulation 24A is not applicable to the company. The exemption is based on the company's listing status on BSE's SME Exchange platform, which provides relief from various corporate governance provisions under SEBI LODR Regulations for companies with paid-up capital not exceeding ₹ 10.00 crore.

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GCM Capital Advisors Limited has officially notified BSE Limited regarding the non-applicability of the Annual Secretarial Audit Report for the financial year ended March 31, 2026. The notification, signed by Managing Director Manish Baid, clarifies the company's regulatory compliance status under SEBI listing regulations.
Regulatory Exemption Details
The company has informed BSE that the provision of Annual Secretarial Audit Report under Regulation 24A of SEBI (Listing Obligations and Disclosures Requirements) (Amendments) Regulation, 2018 does not apply to its operations. This exemption is specifically granted to companies meeting certain criteria under SEBI regulations.
SME Exchange Platform Benefits
According to Regulation 15(2)(b) of SEBI LODR Regulations, companies listed on SME Exchange platforms are exempt from various corporate governance provisions. The exempted regulations include:
| Exempted Regulations: | Coverage |
|---|---|
| Regulations 17-27: | Corporate governance provisions |
| Regulation 24A: | Annual Secretarial Audit Report |
| Regulation 46: | Website disclosures |
| Schedule V (Para C, D, E): | Additional compliance requirements |
Eligibility Criteria
The regulatory exemption applies to listed entities that meet specific conditions:
- Companies with paid-up capital not exceeding ₹ 10.00 crore
- Entities whose specified securities are listed on SME Exchange platform
Since GCM Capital Advisors Limited is listed on the SME Board of BSE, the company qualifies for exemption from Regulation 24A compliance requirements for the year ended March 31, 2026.
Official Communication
The notification was submitted to BSE Limited's DM-Corporate Services department, referencing the company's scrip code 538319 (SME). Managing Director Manish Baid digitally signed the communication on April 7, 2026, ensuring proper documentation of the regulatory status for official records.
Historical Stock Returns for GCM Capital Advisors
| 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 GCM Capital Advisors consider graduating to the main board exchange if their paid-up capital exceeds ₹10 crore in future expansions?
How might SEBI's potential revision of SME listing regulations affect companies like GCM Capital that currently benefit from governance exemptions?
What impact could the reduced compliance burden have on GCM Capital's operational costs and investor transparency in the coming quarters?




























