Krishna Capital & Securities Limited has notified BSE Limited about the non-applicability of SEBI Regulation 24A concerning the Annual Secretarial Compliance Report. The company confirmed that it meets the exemption criteria under the SEBI (Listing and Disclosure Requirements) Regulations, 2015.

Regulatory Exemption Details

The company's exemption from Regulation 24A is based on specific financial thresholds established by SEBI. According to the notification sent to BSE on April 07, 2026, Krishna Capital & Securities qualifies for this exemption due to its capital structure and financial position.

Compliance Framework

Regulation 24A of SEBI LODR Regulations 2015, read with Regulation 15(2), establishes clear applicability criteria for listed companies. The regulation mandates Annual Secretarial Compliance Reports only for companies exceeding specified financial parameters. Krishna Capital & Securities falls below both the paid-up equity share capital threshold of Rs 10 crores and the net worth limit of Rs 25 crores as measured on the last day of the previous financial year.

Official Communication

Managing Director Ashokkumar Agrawal signed the official communication to BSE's Listing Department, formally requesting the exchange to take note of the company's regulatory status. The notification was digitally signed and submitted on April 07, 2026, ensuring proper documentation of the company's compliance position.

Exchange Filing

The communication was addressed to BSE Limited's Listing Department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company referenced its scrip code 539384 in the official correspondence, maintaining proper identification protocols for exchange communications.

Krishna capital & securities Limited has officially declared to BSE Limited that it does not fall under the Large Corporate Framework criteria for the financial year ended March 31, 2026. The declaration was submitted on April 07, 2026, in compliance with regulatory requirements under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Declaration

The company's declaration was addressed to the Listing Department of BSE Limited, referencing script code 539384. The communication was signed by Company Secretary Shweta Saparia and Chief Financial Officer Raj Kishorkumar Gajjar, both providing digital signatures on April 07, 2026.

Financial Position and Large Corporate Criteria

As part of the initial disclosure requirements, Krishna Capital & Securities Limited provided detailed information confirming its non-applicability under the Large Corporate Framework:

Key Financial Highlights

The most significant aspect of the declaration is the company's outstanding borrowing position as of March 31, 2026, which stands at NIL. This zero borrowing status is a primary factor in the company's non-classification as a Large Corporate under the SEBI framework.

Regulatory Framework Context

The SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 requires Large Entities to submit Initial Disclosure and comply with specific borrowing frameworks. Companies that do not meet the Large Corporate criteria must formally declare their non-applicability status to maintain regulatory compliance.

Corporate Governance

The declaration demonstrates Krishna Capital & Securities Limited's commitment to regulatory compliance and transparent corporate governance practices. The company has fulfilled its obligation to inform the stock exchange about its status under the Large Corporate Framework, ensuring proper regulatory adherence for the financial year 2026.