New Light Industries confirms non-applicability of Large Corporate framework for FY26

1 min read     Updated on 30 Apr 2026, 05:55 PM
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New Light Industries Limited confirmed to BSE that it does not fall under the Large Corporate framework per SEBI regulations for FY26. As of March 31, 2026, the company does not have long-term borrowings exceeding ₹1,000 crores or credit ratings of AA/AA+/AAA on unsupported bank borrowings. This confirmation was made in reference to multiple SEBI circulars regarding debt securities and compliance requirements for large entities.

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New Light Industries Limited has formally communicated to BSE Limited confirming its non-applicability under the Large Corporate framework as per SEBI regulations for the financial year 2026. The company, formerly known as New Light Apparels Limited, made this disclosure on April 30, 2026, addressing specific regulatory requirements for large corporate entities.

Regulatory Framework Reference

The confirmation was made in reference to several key SEBI circulars governing large corporate compliance:

Circular Details: Information
Primary Circular: SEBI/HO/DDHS CIR/P/2018/144 dated November 26, 2018
Operational Circular: SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
Updated Circular: SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023
BSE Circular: LIST/COMP/05/2019-20 dated April 11, 2019

These circulars specifically address fund raising by issuance of debt securities by large entities and the associated disclosure and compliance requirements for large corporates.

Company's Financial Position

As of March 31, 2026, New Light Industries Limited confirmed its financial position does not meet the Large Corporate criteria:

Parameter: Status
Outstanding Long-term Borrowings: Does not exceed ₹1,000 crores
Credit Rating on Unsupported Bank Borrowings: No AA/AA+/AAA ratings
Large Corporate Classification: Not applicable

Compliance Implications

Since the company does not qualify as a Large Corporate under the SEBI framework, the specific disclosures and compliance requirements outlined in the referenced circulars are not applicable to New Light Industries Limited. This confirmation helps clarify the company's regulatory obligations and provides transparency to stakeholders regarding its compliance status.

Corporate Information

The disclosure was signed by Saurabh Agrawal, Managing Director (DIN: 08592095), on behalf of New Light Industries Limited. The company operates under CIN L27501DL1995PLC064005 with its registered office located in New Delhi. The communication was directed to BSE Limited's Corporate Relationship Department for official record-keeping purposes.

Historical Stock Returns for New Light Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-2.44%+30.08%-8.57%-64.68%-29.82%

What strategic expansion plans might New Light Industries pursue that could potentially push their borrowings above the ₹1,000 crore threshold in future years?

How might the company's exemption from Large Corporate compliance requirements impact its access to debt capital markets compared to larger competitors?

Will New Light Industries seek higher credit ratings on future borrowings as part of a growth strategy, potentially triggering Large Corporate classification?

New Light Industries Limited Submits Q4FY26 Compliance Certificate Under SEBI Regulations

2 min read     Updated on 08 Apr 2026, 02:49 PM
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New Light Industries Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 8, 2026, covering the quarter ended March 31, 2026. The certificate, signed by Managing Director Saurabh Agrawal, confirms proper handling of securities dematerialization processes. The company's RTA, Beetal Financial & Computer Services (P) Ltd, provided confirmation that all regulatory requirements were met during the quarter.

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New Light Industries Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The company, formerly known as New Light Apparels Limited, filed the certificate for the quarter ended March 31, 2026, demonstrating adherence to securities market regulations.

Regulatory Compliance Filing

The compliance certificate was submitted on April 8, 2026, under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Managing Director Saurabh Agrawal signed the submission, which was addressed to the Corporate Relationship Department of BSE Limited.

Filing Details: Information
Filing Date: April 8, 2026
Quarter Covered: Q4FY26 (ended March 31, 2026)
Regulation: SEBI Regulation 74(5)
Signatory: Saurabh Agrawal, Managing Director
DIN: 08592095

Securities Dematerialization Process

The certificate confirms that details of securities dematerialized and rematerialized during the quarter were properly furnished by the company's Registrar and Share Transfer Agent to all stock exchanges where New Light Industries Limited shares are listed. The company's scrip code on BSE is 540243 with the symbol NEWLIGHT.

RTA Confirmation Certificate

Beetal Financial & Computer Services (P) Ltd, serving as the company's SEBI-approved Registrar and Share Transfer Agent, provided confirmation of compliance on April 3, 2026. The RTA holds SEBI registration number INR 000000262 and operates as a Category I Registrar & Share Transfer Agent.

RTA Details: Information
Company Name: Beetal Financial & Computer Services (P) Ltd
SEBI Registration: INR 000000262
Certificate Date: April 3, 2026
Reference Number: BTL/Q4-2025-2026/129
Signatory: Punit Mittal, General Manager

Regulatory Compliance Confirmation

The RTA confirmed that securities received from Depository Participants for dematerialization during the quarter ended March 2026 were properly processed and confirmed to the depositories. Key compliance aspects include:

  • Securities certificates received for dematerialization were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within 15 days
  • All securities comprised in the certificates have been listed on stock exchanges where previously issued securities are listed

Company Information

New Light Industries Limited, with CIN L27501DL1995PLC064005, maintains its registered office at GC-29, Basement, Shivaji Enclave, Raja Garden, New Delhi - 110027. The company operates under the leadership of Managing Director Saurabh Agrawal and continues to maintain compliance with all applicable securities market regulations.

Historical Stock Returns for New Light Industries

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-2.44%+30.08%-8.57%-64.68%-29.82%

What strategic initiatives might New Light Industries pursue in FY27 following their successful regulatory compliance track record?

How could the company's transition from 'New Light Apparels Limited' to 'New Light Industries Limited' signal potential business diversification plans?

Will New Light Industries consider listing on additional stock exchanges beyond BSE to improve liquidity and market access?

More News on New Light Industries

1 Year Returns:-64.68%