MFS Intercorp Ltd Claims Exemption from Annual Secretarial Compliance Report for FY26
MFS Intercorp Ltd has informed BSE that it is exempt from submitting the Annual Secretarial Compliance Report for FY26 under Regulation 24A. The company claims exemption under SEBI Regulation 15(2), which applies to listed entities with paid-up equity capital not exceeding Rs 10 crores and net worth not exceeding Rs 25 crores. This exemption covers various corporate governance provisions including the secretarial compliance reporting requirement.

*this image is generated using AI for illustrative purposes only.
MFS Intercorp Ltd has notified BSE Limited that it will not be submitting the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, citing regulatory exemptions available to smaller listed entities.
Regulatory Exemption Details
The company has claimed exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides relief to listed entities meeting specific financial criteria regarding compliance with various corporate governance provisions.
| Parameter | Threshold Limit |
|---|---|
| Paid-up Equity Share Capital | Not exceeding Rs 10 crores |
| Net Worth | Not exceeding Rs 25 crores |
| Assessment Date | Last day of previous financial year |
Scope of Exemption
Under the claimed exemption, MFS Intercorp Ltd is relieved from compliance with multiple SEBI regulations. The exemption covers provisions specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses of regulation 46, along with Para C, D and E of Schedule V.
The Annual Secretarial Compliance Report requirement under Regulation 24A, which was introduced through SEBI Circular CIR/CFD/CMD1/27/2019 dated February 8, 2019, falls within this exempted scope.
Communication to Exchange
The notification was sent to BSE Limited on April 8, 2026, signed by Kiran Vishwakarma, Whole Time Director of the company. The communication referenced the company's scrip code 513721 and cited relevant SEBI circulars and BSE notifications that establish the reporting requirements and available exemptions.
The company has requested BSE to acknowledge this exemption claim and take note of its non-applicability status for the Annual Secretarial Compliance Report submission.
Historical Stock Returns for MFS Intercorp
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +33.65% | +0.65% | +10.75% | -3.44% | +44.39% |
Will MFS Intercorp's exemption from compliance reporting affect investor confidence and its ability to attract institutional investment?
How might SEBI's regulatory framework for smaller listed entities evolve given the increasing number of companies claiming such exemptions?
What impact could this reduced compliance burden have on MFS Intercorp's operational costs and resource allocation in the coming quarters?































