NewsMarc Loire Fashions Limited Declares Corporate Governance Exemption for FY26-27 Under SEBI LODR RegulationsMarc Loire Fashions Limited Declares Corporate Governance Exemption for FY26-27 Under SEBI LODR Regulations
Marc Loire Fashions Limited has declared exemption from most corporate governance regulations under SEBI LODR for FY26-27 due to its SME listing status. While regulations 17-27 and related provisions remain non-applicable, Regulation 23 continues to apply as the company's paid-up capital exceeds INR 10 crores. The Annual Secretarial Compliance Report requirement also remains exempt for FY ended March 31, 2026.
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Marc loire fashions Limited has issued a formal declaration to the Bombay Stock Exchange (BSE) regarding the non-applicability of corporate governance regulations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the Financial Year 2026-2027. The declaration, dated April 15, 2026, clarifies the company's regulatory compliance obligations as an SME-listed entity.
Regulatory Exemptions Under SME Listing
As per Regulation 15(2)(b) of SEBI LODR Regulations, companies listed on the SME Exchange are exempt from several corporate governance provisions. The following regulations will not apply to Marc Loire Fashions Limited:
| Exempted Regulations: | Details |
|---|---|
| Core Regulations: | 17, 17A, 18, 19, 20, 21, 22, 24, 24A, 25, 26, 27 |
| Regulation 46 Clauses: | Clauses (b) to (i) and (t) of sub-regulation (2) |
| Schedule V Provisions: | Para C, D and E |
| Secretarial Compliance: | Annual Secretarial Compliance Report under Regulation 24A |
Exception for Regulation 23
Despite the broad exemptions, Marc Loire Fashions Limited remains subject to Regulation 23 compliance. This exception applies because the company's paid-up share capital exceeds INR 10 crores, as specified in the first proviso to Regulation 15(2)(b) of the SEBI LODR Regulations.
Annual Secretarial Compliance Report Exemption
The company has also clarified that the requirement for submission of the Annual Secretarial Compliance Report under Regulation 24A is not applicable for the financial year ended March 31, 2026. This exemption is granted due to the company's listing status on the SME Platform of Bombay Stock Exchange Limited.
Company Details and Authorization
The declaration was signed by Vasant Kuber Soni, Company Secretary & Compliance Officer, who digitally authorized the document on April 15, 2026. The company maintains its registered office at Plot No. 426/1, First Floor, Rani Khera Road, Mundka, New Delhi-110041, and operates under the trading symbol MARCLOIRE on BSE.
This regulatory clarification ensures transparency regarding the company's compliance obligations and provides clarity to stakeholders about the applicable governance framework for the upcoming financial year.
Historical Stock Returns for Marc Loire Fashions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.15% | -5.58% | +9.15% | -36.21% | -42.11% | -42.11% |
Will Marc Loire Fashions consider migrating from SME to main board listing as it grows, potentially subjecting itself to full corporate governance requirements?
How might the exemption from key governance regulations impact investor confidence and institutional participation in Marc Loire's stock?
Could SEBI revise the SME listing exemption criteria in the future, particularly the INR 10 crore threshold for Regulation 23 compliance?
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