Maha Rashtra Apex Corporation Limited has formally notified BSE and NSE that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's regulatory framework for the financial year 2026.

SEBI Compliance Disclosure

The company submitted its compliance confirmation on April 10, 2026, addressing SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular defines criteria for identifying 'Large Corporate' entities and establishes specific regulatory requirements for such companies.

Company Secretary and Compliance Officer Jamsheed M Panday digitally signed the disclosure documents, confirming the company's status for the financial year ended March 31, 2026.

Key Financial Parameters

The company provided detailed information in the prescribed Annexure-A format as required by the SEBI circular:

Regulatory Framework Context

The SEBI circular establishes specific thresholds and criteria for identifying 'Large Corporate' entities, which are subject to enhanced regulatory oversight and compliance requirements. Companies falling under this definition must adhere to additional disclosure norms and regulatory provisions.

Maha Rashtra Apex Corporation Limited's confirmation indicates it does not meet the quantitative or qualitative parameters outlined in the November 26, 2018 circular for the financial year 2026.

Corporate Information

The company, established in 1943, operates from its registered office at Manipal Centre, Dickenson Road, Bengaluru. The disclosure was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed.

Maha Rashtra Apex Corporation Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate confirms the company's adherence to dematerialization requirements as mandated by the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company filed the certificate with both BSE Limited (Scrip Code: 523384) and National Stock Exchange of India Limited (Scrip Code: MAHAPExLTD) on April 2, 2026. Company Secretary and Compliance Officer Jamsheed M Panday digitally signed the submission at 11:15:04 AM.

The certificate was issued by M/s Purva Sharegistry (I) Pvt. Limited, the company's Registrar and Share Transfer Agent, which holds SEBI registration number INR000001112 as a Category 1 Registrar for IPO and Share Transfer services.

Dematerialization Activity Summary

During the quarter ended March 31, 2026, the company processed significant dematerialization activity involving multiple shareholders. The registrar confirmed that all securities received from depository participants were properly processed within prescribed timelines.

Shareholder Participation Details

The dematerialization process involved various shareholders with different transaction volumes. Notable participants included T Raghavendra Setty with the highest number of certificates processed, followed by U Prathima Shenai and other individual shareholders.

Key Dematerialization Dates

• January 1, 2026: K Guruprasad Upadhya and K V Guruprasad Upadhya (400 shares)
• January 14, 2026: B Shivananda Prabhu (400 shares)
• March 30, 2026: U Prathima Shenai (674 shares)

Compliance Confirmation

Purva Sharegistry confirmed that all security certificates received for dematerialization were properly verified, mutilated, and cancelled after due verification by depository participants. The registrar substituted the names of depositories in the register of members as registered owners within prescribed timelines.

Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified the completion of all regulatory requirements for the quarter. The confirmation ensures that dematerialized securities maintain their listing status on stock exchanges where the company's securities are traded.