Narmada Agrobase Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026, fulfilling its regulatory obligations under SEBI guidelines. The company, which manufactures delinter cotton seeds and cattle feed, filed the mandatory documentation with both the National Stock Exchange of India Limited and BSE Limited on April 4, 2026.

Regulatory Compliance Filing

The certificate was issued pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018, which replaced the erstwhile Regulation 54(5) of SEBI (Depositories and Participants) Regulations 1996. This regulation mandates companies to provide periodic confirmations regarding their depository operations and share transfer activities.

Certificate Issuance

Kfin Technologies Limited, serving as the company's registrar and share transfer agent, issued the compliance certificates to both Central Depository Services (India) Limited and National Securities Depository Limited on April 1, 2026. The certificates were signed by Praveen Chaturvedi, Senior Vice President at Kfin Technologies Limited.

The certificates confirm that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to stock exchanges where Narmada Agrobase Limited's shares are listed.

Company Information

Narmada Agrobase Limited operates under CIN L15494GJ2013PLC073468 and is headquartered in Mehsana, Gujarat. The company's shares trade on NSE under the symbol NARMADA and on BSE with scrip code 543643. The filing was authorized by Neerajkumar Sureshchandra Agrawal, Chairman and Managing Director, bearing DIN 06473290.

Depository Services Coordination

The compliance certificates were addressed to both major depositories in India - CDSL and NSDL - ensuring comprehensive coverage of the company's depository operations. This filing represents part of the ongoing regulatory framework that ensures transparency and proper record-keeping in India's securities market infrastructure.

Narmada agrobase Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) for non-compliance with regulatory requirements under the LODR Regulations. The company disclosed this development to stock exchanges on April 02, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEBI Warning Details

The regulatory action stems from SEBI's examination of the company's compliance with LODR Regulations regarding the Policy for Determination of Materiality. The warning letter, dated April 01, 2026, was issued by Sareena P U, General Manager of SEBI's Corporation Finance Department.

Nature of Non-Compliance

SEBI observed that Narmada Agrobase Limited failed to update its "Policy for Determination of Materiality" in compliance with amendments to LODR Regulations within the required timelines. This constituted a violation of Regulation 30 (4)(ii) of the LODR Regulations. The examination was conducted specifically to assess the company's compliance with LODR Regulations related to the Policy for Determination of Materiality.

Company's Response and Action Plan

The company has acknowledged the seriousness of the regulatory warning and outlined its response strategy. Narmada Agrobase Limited has initiated internal steps to strengthen its compliance framework to ensure such instances do not recur in the future. The company emphasized its commitment to adhering to all regulatory requirements going forward.

Impact Assessment

Regulatory Directives

SEBI has advised the company to ensure that the "Policy for Determination of Materiality" is updated promptly as per the amended LODR Regulations. The regulator has also directed that this warning letter be placed before the Board of Directors in its next meeting and disseminated to stock exchanges. SEBI warned that any future aberrations would be viewed seriously and appropriate action would be initiated.

Compliance Framework Enhancement

The company has taken the warning seriously and committed to strengthening its regulatory compliance processes. This includes ensuring timely updates to policies in accordance with regulatory amendments and maintaining adherence to all applicable SEBI regulations. The administrative warning serves as a reminder for listed companies to maintain robust compliance mechanisms for regulatory requirements.