Max Earth Resources Ltd Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

1 min read     Updated on 11 Apr 2026, 05:40 AM
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Max Earth Resources Ltd has submitted its quarterly confirmation certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate, issued by RTA Skyline Financial Services Private Limited, confirms no physical share certificates were received for dematerialization during the period. The Mumbai-based company filed the mandatory compliance document with BSE Limited on April 10, 2026, fulfilling its regulatory obligations under SEBI guidelines.

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Max Earth Resources Ltd, formerly known as Max Alert Systems Ltd, has completed its quarterly regulatory compliance by submitting a confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018. The Mumbai-based company filed the mandatory certificate with BSE Limited on April 10, 2026, covering the quarter ended March 31, 2026.

Regulatory Compliance Details

The confirmation certificate was issued by Skyline Financial Services Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). The certificate, dated April 02, 2026, addresses the requirements under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Parameter: Details
Filing Date: April 10, 2026
Quarter Covered: March 31, 2026
Certificate Date: April 02, 2026
RTA: Skyline Financial Services Private Limited
Scrip Code: 534563

Certificate Confirmation

The RTA certificate specifically confirms that no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026. This compliance certificate is a mandatory requirement under SEBI regulations for listed companies to report their dematerialization activities on a quarterly basis.

Company Information

Max Earth Resources Ltd operates from its registered office at 103 Wellington Business Park 1, Andheri, Kurla Road, Jb Nagar, Marol, Mumbai. The company, incorporated under CIN L74999MH2004PLC144034, was previously known as Max Alert Systems Limited. Director Amit Vengilat (DIN-07544088) signed the submission letter to BSE Limited.

Regulatory Framework

The submission fulfills the company's obligations under SEBI's regulatory framework governing depositories and participants. Regulation 74(5) requires companies to provide quarterly confirmations regarding the receipt and processing of physical share certificates for dematerialization purposes, ensuring transparency in the securities transfer process.

What strategic initiatives might Max Earth Resources pursue following their name change from Max Alert Systems to reflect their new business focus?

How could the absence of physical share dematerialization requests indicate investor sentiment or trading activity for Max Earth Resources?

Will Max Earth Resources need to update their operational infrastructure at the Mumbai office to support their rebranded business model?

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Max Earth Resources Ltd Clarifies Non-Applicability of SEBI Regulation 24A Due to SME Exchange Listing

1 min read     Updated on 11 Apr 2026, 12:28 AM
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Max Earth Resources Ltd has notified BSE Limited that Regulation 24A of SEBI LODR Regulations 2018 does not apply to the company due to its SME Exchange listing status. The exemption, based on Regulation 15(2) of SEBI LODR Regulations 2015, relieves the company from submitting Annual Secretarial Compliance Reports while maintaining commitment to other applicable listing requirements.

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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.

Exemption Parameter: Details
Applicable Regulation: Regulation 24A of SEBI LODR Regulations 2018
Exemption Basis: Securities listed on SME Exchange
Reference Regulation: Regulation 15(2) of SEBI LODR Regulations 2015
BSE Scrip Code: 534563

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.

Will Max Earth Resources consider transitioning to the main board exchange as it grows, potentially subjecting itself to stricter corporate governance requirements?

How might SEBI's future policy changes regarding SME Exchange exemptions impact Max Earth Resources' compliance obligations?

What competitive advantages or disadvantages does Max Earth Resources face compared to main board listed companies due to relaxed governance requirements?

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