Incon engineers Limited has informed stock exchanges about its exemption from submitting the Annual Secretarial Compliance Report for the financial year ended 31.03.2026. The notification was sent to BSE Limited and CSE Limited on 13.04.2026, citing regulatory exemptions under SEBI guidelines.

Regulatory Exemption Details

The company has claimed exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015. This regulation provides relief to smaller listed entities from corporate governance requirements based on specific financial thresholds.

Impact on Compliance Requirements

Due to this exemption, the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirement) (Amendment) Regulations, 2018 becomes non-applicable to INCON Engineers Limited. The regulation, read with BSE circular dated 09.05.2019, typically mandates listed companies to submit detailed secretarial compliance reports.

Exchange Communication

The formal notification was addressed to both stock exchanges where the company's shares are listed. The communication included relevant scrip codes and was signed by Company Secretary Manoranjani Kothapally.

This exemption allows smaller listed companies to focus resources on core business operations while maintaining essential regulatory compliance standards appropriate to their size and scale.

Incon Engineers Limited has officially declared to stock exchanges that it does not fall under the Large Corporate Entity framework as defined by SEBI regulations. The company made this declaration on April 7, 2026, to both BSE Limited and CSE Limited, confirming its exemption from additional compliance requirements applicable to large entities.

Regulatory Compliance Declaration

The declaration was made pursuant to SEBI Circular No.SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, read with SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. These circulars pertain to fund raising by issuance of debt securities by large entities and their compliance requirements.

Financial Position Details

The company provided specific financial details to support its declaration of non-applicability:

The key factor in this declaration is the company's outstanding borrowings of Rs.10.24 crore for FY2025-26, which falls significantly below the Rs.100 crore threshold that would classify an entity as a Large Corporate Entity under SEBI's framework.

Stock Exchange Communication

The formal communication was addressed to both major stock exchanges where the company is listed. The declaration was signed by Company Secretary Manoranjani Kothapally and Managing Director Sreedhar Chowdhury, with digital signatures applied on April 7, 2026.

Implications of Non-Applicability

By confirming its status outside the Large Corporate Entity framework, Incon Engineers Limited is exempt from the additional regulatory requirements and compliance obligations that apply to larger entities, particularly those related to debt securities issuance and credit rating mandates.