Justo Realfintech Limited Confirms Non-Large Corporate Status Under SEBI Framework

1 min read     Updated on 14 Apr 2026, 07:47 PM
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Justo Realfintech Limited has formally declared to BSE Limited that it does not meet the criteria for Large Corporate classification under SEBI regulations as on March 31, 2026. The company reported outstanding borrowings of Rs 14.85 crore with no applicable credit rating during the previous financial year, with the disclosure being digitally signed by senior management on April 14, 2026.

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Justo Realfintech Limited has formally notified BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework as on March 31, 2026. The confirmation was made in compliance with SEBI circulars governing fund raising by large entities through debt securities.

Regulatory Compliance Declaration

The company submitted its disclosure on April 14, 2026, referencing specific SEBI circulars that establish the framework for Large Corporate classification. The declaration confirms compliance with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI/HO/DDHS/HS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Financial Position Disclosure

As part of the regulatory filing, Justo Realfintech Limited provided key financial details in a structured format to BSE:

Particulars: Details
Company Name: Justo Realfintech Limited
CIN: L67190MH2019PLC323318
Outstanding Borrowing (March 31, 2026): Rs 14.85 crore
Highest Credit Rating (Previous FY): NA
Credit Rating Agency: NA
Stock Exchange for Fine Payment: NA

The company reported outstanding borrowings of Rs 14.85 crore as on March 31, 2026, and indicated that no credit rating was applicable during the previous financial year.

Corporate Authorization

The disclosure was duly authorized by the company's senior management. Puspamitra Das, Chairman and Managing Director (DIN: 01643973), and Dinesh Dolar, Chief Financial Officer (PAN: AKIPD7629N), digitally signed the documents on April 14, 2026. The signatures were timestamped at 18:32:29 +05'30' and 18:33:02 +05'30' respectively.

Company Background

Justo Realfintech Limited operates from its registered office at 2nd Floor, A Wing, Indiana Business Centre, Makwana Road, Gamdevi, Marol, Andheri (East), Mumbai, Maharashtra. The company maintains its corporate website at www.justo.co.in and can be reached at info@justo.co.in .

What growth trajectory would Justo Realfintech need to achieve to qualify as a Large Corporate under SEBI regulations in future years?

How might the company's debt financing options and costs be affected by not having a credit rating from recognized agencies?

Will Justo Realfintech consider pursuing credit ratings to improve its access to debt capital markets given its current borrowing levels?

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Justo Realfintech Limited Declares Non-Applicability of Annual Secretarial Compliance Report for SME Listed Entity

1 min read     Updated on 06 Apr 2026, 10:40 PM
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Justo Realfintech Limited has declared to BSE Limited that it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015, due to its listing on the SME platform. The declaration, made on April 06, 2026, by Chairman and Managing Director Puspanitra Das, cites Regulation 15(2) which exempts SME-listed entities from various corporate governance provisions including Regulations 17-27 and specific clauses of Regulation 46 and Schedule V.

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Justo Realfintech Limited has officially informed BSE Limited that it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration was made on April 06, 2026, highlighting the regulatory exemptions available to companies listed on Small and Medium Enterprises (SME) platforms.

Regulatory Exemption Framework

The company's exemption is based on Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides specific relief to SME-listed entities. This regulation exempts companies listed on SME exchanges from compliance with several corporate governance provisions.

Exempted Regulations: Coverage
Regulations 17-27: Corporate governance provisions
Regulation 46 clauses: (b) to (i) and (t) of sub-regulation (2)
Schedule V sections: Paras C, D and E
Regulation 24A: Annual Secretarial Compliance Report

Company Background and Compliance Declaration

Justo Realfintech Limited, formerly known as Justo Realfintech Private Limited, has its specified securities listed on the SME Platform of BSE Limited. The company operates under CIN U67190MH2019PLC323318 and is headquartered in Mumbai, Maharashtra.

The formal declaration was signed by Puspanitra Das, Chairman and Managing Director (DIN: 01643973), and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication specifically references SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, which provides guidance on the implementation of these regulatory provisions.

SME Platform Benefits

The SME platform listing provides significant regulatory relief to smaller companies, reducing their compliance burden while maintaining essential investor protection measures. This exemption allows SME-listed companies to focus resources on business operations rather than extensive corporate governance reporting requirements that may be more suitable for larger, mainboard-listed entities.

The company has requested BSE Limited to take this declaration on record, ensuring proper documentation of its compliance status under the current regulatory framework.

Will SEBI consider tightening SME platform exemptions to enhance corporate governance standards for smaller listed companies?

How might Justo Realfintech's business expansion plans be affected by potential future migration from SME to mainboard listing?

What impact could regulatory changes have on investor confidence in SME-listed fintech companies like Justo Realfintech?

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