GCM Capital Advisors Limited Notifies Non-Applicability of Annual Secretarial Audit Report for FY26

1 min read     Updated on 07 Apr 2026, 01:14 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

GCM Capital Advisors Files NIL Compliance Report for Non-Convertible Securities Regulations

1 min read     Updated on 06 Apr 2026, 01:38 PM
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GCM Capital Advisors Limited filed a NIL compliance report with BSE on April 6, 2026, confirming non-applicability of SEBI LODR Regulation 57(5) for the quarter ended March 31, 2026. The company has not issued any non-convertible securities, making interest and principal payment obligations under the regulation not applicable.

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GCM Capital Advisors Limited has filed a NIL compliance report with BSE Limited, confirming that SEBI LODR Regulation 57(5) requirements are not applicable to the company for the quarter ended March 31, 2026. The report was submitted on April 6, 2026, addressing the company's obligations regarding non-convertible securities.

Regulatory Compliance Status

The company confirmed that it has not issued any non-convertible securities, making the payment of interest and principal on Non-Convertible Debentures (NCDs) and bonds not applicable for the reporting quarter. This exempts GCM Capital Advisors from the specific compliance requirements under Regulation 57(5) of SEBI LODR Regulations, 2015.

Compliance Details

The NIL report addresses two key aspects of Regulation 57(5):

Regulation Requirement Status
57(5)(a) Certificate confirming payment of interest/dividend/principal obligations for non-convertible securities due in quarter Not Applicable
57(5)(b) Details of unpaid interest/dividend/principal obligations for non-convertible securities at quarter end Not Applicable

Corporate Information

The compliance report was signed by Manish Baid, Managing Director with DIN 00239347. GCM Capital Advisors Limited is listed on BSE's SME platform under scrip code 538319. The company is headquartered at Raheja Centre, Nariman Point, Mumbai.

Filing Details

The NIL report was digitally signed and submitted to BSE's Corporate Services department on April 6, 2026. This filing ensures the company remains compliant with SEBI's disclosure requirements, even when specific regulations are not applicable to its current business operations.

Historical Stock Returns for GCM Capital Advisors

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

Will GCM Capital Advisors consider issuing non-convertible debentures or bonds as part of its future fundraising strategy?

How might the company's capital structure evolve given its current absence of debt securities?

What alternative financing instruments is GCM Capital Advisors likely to explore for business expansion?

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1 Year Returns:-100.00%