PAN Electronics (India) Limited has officially notified BSE Limited regarding its non-applicability status under SEBI's Large Corporate criteria framework. The company submitted a formal communication confirming that it does not meet the criteria specified in SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.

Regulatory Compliance Status

The notification confirms that PAN Electronics (India) Limited has assessed its position against the framework and applicability criteria outlined in the SEBI circular. Based on this evaluation, the company determined that the disclosure requirements mandated under the circular do not apply to its current operational structure.

Communication Details

Company Information

PAN Electronics (India) Limited operates from its registered office located at Peenya Industrial Area Phase-1 Pipeline Road, Bengaluru, Karnataka. The company maintains its factory operations at Peenya Industrial Estate 1st Main Road, Peenya 2nd Phase, Bengaluru. The formal communication was addressed to BSE Limited's Corporate Relation Department at P.J. Towers, Dalal Street, Mumbai, requesting the exchange to take the non-applicability status on record.

The SEBI circular in question pertains to Large Corporate criteria and associated disclosure requirements. Companies falling under this framework are subject to specific compliance obligations, which PAN Electronics (India) Limited has confirmed do not apply to its current business structure and operations.

PAN Electronics (India) Ltd has formally declared its exemption from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations for the financial year ended March 31, 2026. The company communicated this declaration to BSE Limited through a letter dated April 5, 2026.

Exemption Criteria and Regulatory Basis

The company's exemption is based on specific financial thresholds outlined in regulatory provisions. PAN Electronics (India) Ltd stated that its paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore as on the last day of the previous financial year 2025-26.

Regulatory Framework

The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015. Consequently, Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Amendment Regulations, 2018, which mandates the submission of Annual Secretarial Compliance Reports, does not apply to the company.

The declaration references multiple BSE circulars that support this exemption:

• BSE Circular no. LIST/COMP/10/2019-20 dated February 8, 2019
• BSE Circular dated May 9, 2019
• BSE Circular dated May 14, 2019
• BSE Notice No. 20230316-14 dated March 16, 2023
• Notice No. 20230410-41 dated April 10, 2023

Company Leadership and Communication

The declaration was signed by Gullu Gellaram Talreja, Managing Director of PAN Electronics (India) Ltd, who holds DIN 01740145. The formal communication was addressed to the Corporate Relationship Department of BSE Limited.

Company Details

PAN Electronics (India) Limited operates from its registered office located at #16B, Peenya Industrial Area Phase-1 Pipeline Road, Bengaluru, Karnataka 560058. The company also maintains a factory at #1E, Peenya Industrial Estate 1st Main Road, Peenya 2nd Phase, Bengaluru, Karnataka 560058. The company was incorporated in 1982 with CIN L00309KA1982PLC004960.