Nirlon Limited has submitted its quarterly confirmation certificate to BSE Limited, fulfilling regulatory compliance requirements under SEBI (Depositories & Participants) Regulations, 2018. The certificate pertains to the quarter ended March 31, 2026, and confirms the proper handling of dematerialization processes during this period.

Regulatory Compliance Details

The confirmation certificate was filed under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018. This regulatory requirement ensures transparency and proper documentation of dematerialization activities by listed companies.

Share Transfer Agent Confirmation

The certificate is based on confirmation received from Nirlon's share transfer agent, MUFG Intime India Pvt. Ltd., formerly known as Link Intime India Pvt. Ltd. The share transfer agent provided its confirmation certificate dated April 1, 2026, which formed the basis for Nirlon's submission to the stock exchange.

Dematerialization Process Compliance

The company certified that all share certificates received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly confirmed to the depositories. The certification covers several key compliance aspects:

• All securities received were either accepted or rejected within prescribed timelines
• Security certificates comprised in the dematerialization requests have been listed on stock exchanges where earlier issued securities are listed
• Received security certificates were properly mutilated and cancelled after due verification
• Depository names have been substituted in the register of members as registered owners

Corporate Governance

The certificate was signed by Jasmin K. Bhavsar, Company Secretary, Vice President (Legal) & Compliance Officer of Nirlon Limited. This filing demonstrates the company's commitment to maintaining regulatory compliance and transparent corporate governance practices in its dematerialization processes.

Nirlon Limited has officially communicated to BSE Limited that it does not meet the criteria to be classified as a 'Large Corporate' under SEBI's regulatory framework for the Financial Year ended March 31, 2026. The disclosure was made on April 2, 2026, in compliance with Regulation 30 requirements.

SEBI Large Corporate Classification Requirements

The classification as a Large Corporate under SEBI circulars requires entities to fulfill specific conditions, including maintaining particular credit rating standards. According to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2021/613 dated August 10, 2021, and subsequent amendments, listed entities must have credit ratings of 'AA', 'AA+', or 'AAA' for their unsupported bank borrowings or plain vanilla bonds.

Company's Current Credit Structure

Nirlon Limited currently maintains only one secured credit facility and does not have any unsecured borrowings. This credit structure prevents the company from obtaining the required credit ratings for unsupported bank borrowings or plain vanilla bonds, which are essential criteria for Large Corporate classification under SEBI guidelines.

Regulatory Implications

Due to its non-classification as a Large Corporate, Nirlon Limited is exempt from filing initial disclosures under the SEBI circulars for the Financial Year ended March 31, 2026. The company has formally requested BSE Limited to take this disclosure on record for reference and further proceedings.

Corporate Communication Details

The disclosure was signed by Jasmin K. Bhavsar, Company Secretary, Vice President (Legal) & Compliance Officer, bearing FCS 4178 registration. The communication was addressed to BSE Limited under security code 500307, ensuring proper regulatory compliance and transparency with stakeholders.