Max Earth Resources Ltd has officially communicated to BSE Limited regarding the non-applicability of specific SEBI compliance requirements due to its SME Exchange listing status. The company, formerly known as Max Alert Systems Ltd, sent a formal notification on April 10, 2026, clarifying its exemption from certain regulatory obligations.

Regulatory Exemption Details

The company's exemption is based on Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides relief from corporate governance provisions specified in Regulations 17 to 27 for specific categories of listed entities. The regulation exempts companies that have their securities listed on the SME Exchange from compliance with these provisions.

Compliance Relief Scope

Under the exemption provisions, Max Earth Resources is not required to submit the Annual Secretarial Compliance Report as mandated by Regulation 24A. This relief also extends to compliance with SEBI Circular No. CIR/CFD/CMDI/27/2019 dated February 08, 2019, which pertains to the amended SEBI LODR Regulations.

The regulatory framework provides two specific categories for exemption from corporate governance provisions:

• Listed entities with paid-up equity share capital not exceeding rupees ten crores and net worth not exceeding rupees twenty-five crores as on the last day of the previous financial year
• Listed entities with securities listed on the SME Exchange

Company Commitment

Despite the exemption from Regulation 24A requirements, Max Earth Resources has assured BSE that it will continue to comply with all other applicable listing obligations. The company's communication, signed by Director Amit Vengilat (DIN-07544088), emphasizes its commitment to maintaining regulatory compliance in all other applicable areas.

The formal notification serves to keep BSE informed about the company's regulatory status and ensures transparency regarding its compliance obligations under the current listing framework.