Msafe Equipments Limited has notified BSE that it is exempt from submitting the Annual Secretarial Compliance Report for the financial year ending March 31, 2026, under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company communicated this exemption through an official filing dated April 14, 2026.

Listing Details and Timeline

The company got listed on BSE SME Platform on February 04, 2026, which forms the basis for its exemption from certain corporate governance requirements. Company Secretary and Compliance Officer Renuka Uniyal signed the communication to BSE's Listing Department.

Regulatory Exemption Framework

Pursuant to Regulation 15(2)(b) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, compliance with corporate governance provisions specified in multiple regulations shall not apply to certain categories of listed entities. The exemption covers regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and specific clauses of regulation 46 and Schedule V.

Exemption Criteria

The regulatory framework provides exemption for two specific categories of listed entities:

• Listed entities having paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as on the last day of previous financial year
• Listed entities which have listed their specified securities on the SME Platform

Msafe Equipments Limited qualifies for exemption under the second category, having listed its securities on the SME Exchange. This exemption specifically covers the Annual Secretarial Compliance Report provisions under Regulation 24A, making it unnecessary for the company to submit such report for the financial year ending March 31, 2026.

Msafe Equipments Limited has announced key changes in its senior management team, with one new appointment and one resignation taking effect in April 2026. The company communicated these developments to BSE Limited through a regulatory filing dated April 08, 2026.

New Senior Management Appointment

The company has appointed Mr. Rajneesh Kumar as President – MRO & Ladder Division, designated as Senior Management Personnel, effective from April 08, 2026. The appointment was approved by the Board of Directors through Circular Resolution, based on recommendations from the Nomination and Remuneration Committee.

Professional Background

Mr. Rajneesh Kumar brings over 26 years of diversified experience across telecom, FMCG, retail, and consumer technology sectors. He is recognized as a results-driven business leader with strong focus on top-line growth, bottom-line profitability, and operational excellence. His track record includes delivering large-scale business transformations and sustainable revenue expansion.

Key highlights of his professional expertise include:

• Strategic planning and go-to-market execution
• Channel expansion and P&L management
• Successfully managed businesses exceeding ₹10,000 crore
• Led cross-functional teams of over 1,000 members
• Experience with reputable organizations including Sakarni Plaster India Private Limited, Idea Cellular Ltd, Reliance Communications Ltd, Bharti Airtel Ltd, OPPO India, and ACT Fibernet

Mr. Kumar has also spearheaded strategic collaborations with leading e-commerce platforms like Amazon and Flipkart, and forged NBFC partnerships to enhance consumer affordability while reducing financial costs.

Senior Management Departure

Ms. Sonam Nair, Vice President-Operations and Senior Management Personnel, has submitted her resignation via email dated April 08, 2026. Her resignation will be effective from the close of business hours on April 30, 2026.

In her resignation email, Ms. Nair expressed gratitude for her tenure at Msafe, describing it as "a significant and enriching phase" of her professional journey. She committed to ensuring a smooth and seamless transition of her responsibilities during the notice period.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation includes detailed annexures providing comprehensive information about both the appointment and resignation, as required under SEBI Master Circular guidelines. The disclosure has also been uploaded on the company's website at msafegroup.com/investors for public access.