Prima Plastics Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter and year ended March 31, 2026. The regulatory filing demonstrates the company's adherence to depositories and participants regulations as mandated by the Securities and Exchange Board of India.

Regulatory Compliance Filing

The compliance certificate was filed pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Nehal Goyal, holding membership number A79764, submitted the documentation to BSE Limited on April 09, 2026.

Registrar Confirmation

Bigshare Services Private Limited, acting as the company's Registrar and Share Transfer Agent, issued the compliance certificate dated April 08, 2026. The certificate was signed by Akash Shamal as the authorized signatory for Bigshare Services.

The registrar confirmed several key compliance aspects:

• Securities received from depository participants for dematerialization up to March 31, 2026 were properly confirmed to the depositories
• All securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Security certificates received for dematerialization have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within the mandated 15-day timeline

Stakeholder Communication

The compliance certificate was distributed to key stakeholders in the depositories ecosystem. Copies were sent to Central Depository Services (India) Limited at their Marathon Futurex office in Lower Parel, Mumbai, and National Securities Depository Limited at their Trade World office in the Kamala Mills Compound.

Company Information

Prima Plastics Limited operates as a manufacturer of moulded furniture and roto moulded products. The company maintains its registered office and works at Daman Industrial Estate in Kadaiya, Daman, while its corporate office is located at National House in Powai, Mumbai. The company holds recognition as a government-recognized one star export house.

Prima Plastics Limited has formally declared to BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's framework for debt securities issuance. The declaration was submitted on April 07, 2026, confirming the company's exemption from specific regulatory disclosure requirements.

Regulatory Framework and Compliance

The declaration was made pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated as on April 13, 2022). These circulars establish the framework for fund raising by issuance of debt securities by large entities and define the criteria for classification as a 'Large Corporate'.

The company's compliance officer, Nehal Goyal, and Chief Financial Officer, Dharmesh R. Sachade, jointly confirmed that Prima Plastics Limited does not meet the applicability criteria mentioned in the SEBI circulars. Consequently, the requirement for submission of disclosures under the said circular is not applicable to the company.

Financial Position and Credit Rating

As part of the disclosure requirements, Prima Plastics Limited provided key financial details in its submission to the stock exchange:

Company Operations and Structure

Prima Plastics Limited operates as a manufacturer of moulded furniture and roto moulded products. The company maintains its registered office and works at Prima House, Daman Industrial Estate, Kadaiya, Daman-396210, while its corporate office is located in Mumbai at National House, Saki Vihar Road, Powai.

The company holds the status of a government-recognized one-star export house, reflecting its participation in India's export sector. Prima Plastics Limited was incorporated in 1993 and has been listed on BSE Limited under the scrip code 530589 and symbol PRIMAPLA.

Implications of Non-Applicability

By confirming its status as not being a 'Large Corporate' under the SEBI framework, Prima Plastics Limited is exempt from the enhanced disclosure and compliance requirements that apply to larger entities in the debt securities market. This classification is based on specific criteria related to borrowing levels, credit ratings, and other financial parameters as defined in the regulatory circulars.

The formal declaration ensures regulatory compliance and provides clarity to stakeholders regarding the company's obligations under current SEBI regulations for debt securities issuance.