Indo SMC Limited has formally communicated to the Bombay Stock Exchange that it does not meet the criteria to be classified as a Large Corporate Entity under the Securities and Exchange Board of India (SEBI) regulations. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Regulatory Compliance Disclosure

The company submitted its formal notification on April 17, 2026, addressing the specific requirements outlined in the SEBI circular regarding Large Corporate Entity classification. This disclosure ensures transparency and regulatory compliance for publicly listed companies.

Classification Criteria Assessment

INDO SMC Limited provided clear justification for its non-applicability status based on two key parameters established by SEBI:

The company specifically clarified that it does not have long-term borrowings of Rs. 1,000 crores or above, which is one of the primary thresholds for Large Corporate Entity classification. Additionally, INDO SMC Limited confirmed that it does not possess a credit rating of AA, AA+, or AAA for unsupported bank borrowings or plain vanilla bonds without structural support.

Corporate Information

The disclosure was signed by Avani Patel, Company Secretary and Compliance Officer (Membership No: A66815), demonstrating proper corporate governance procedures. The company operates from its registered office in Ahmedabad and maintains manufacturing facilities across three locations in Gujarat, Maharashtra, and Rajasthan.

Regulatory Significance

This disclosure fulfills SEBI's requirement for companies to clearly communicate their status regarding Large Corporate Entity criteria. The classification has implications for various regulatory requirements, disclosure norms, and compliance obligations that differ between large corporate entities and other publicly listed companies. By formally notifying the exchange, INDO SMC Limited ensures proper categorization and adherence to applicable regulatory frameworks.

Indo SMC Limited has officially informed the Bombay Stock Exchange about its exemption from the Annual Secretarial Compliance Report requirement under SEBI regulations for the financial year ended March 31, 2026. The notification, dated April 17, 2026, clarifies the company's regulatory compliance status based on its SME listing.

Regulatory Exemption Details

The exemption is grounded in Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation specifically states that compliance with corporate governance provisions under various regulations shall not apply to listed entities on SME exchanges.

Corporate Governance Relief for SME Companies

Under the SEBI framework, companies listed on SME exchanges receive relief from multiple corporate governance provisions. The exempted regulations include Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses of Regulation 46, along with paragraphs C, D, and E of Schedule V.

Company Information and Communication

The formal communication was signed by Avani Patel, Company Secretary and Compliance Officer (Membership No: A66815), who digitally executed the document on April 17, 2026. The notification ensures that the exchange maintains accurate records of the company's compliance status.

Compliance Framework Impact

This exemption reflects the regulatory framework designed to reduce compliance burden on smaller companies listed on SME platforms while maintaining essential disclosure requirements. The notification ensures transparency with stakeholders about the company's regulatory obligations and exemptions under current SEBI guidelines.