The Ravalgaon Sugar Farm Limited has communicated to BSE Limited that it is exempt from complying with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2026. The disclosure was made pursuant to Regulation 15(2) of the Listing Regulations.

Regulatory Thresholds

Under Regulation 15(2), certain corporate governance provisions do not apply to listed entities with a paid-up share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore as on the last day of the previous financial year. Consequently, the company is not required to file details of Related Party Transactions for the specified period.

Financial Position

As of March 31, 2025, the company's financial metrics were below the regulatory limits. The key figures are detailed below:

The company confirmed that it will adhere to the relevant provisions of the Listing Regulations as and when they become applicable in the future.

The Ravalgaon Sugar Farm Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 6, 2026, fulfilling the company's regulatory obligations regarding share dematerialization processes.

Regulatory Compliance Filing

The certificate was issued by Purva Sharegistry (I) Pvt. Ltd., the company's appointed Registrar and Transfer Agent, dated April 1, 2026. Nihal Doshi, Director and Chief Financial Officer of The Ravalgaon Sugar Farm Limited, submitted the compliance documentation to the Department of Corporate Services at BSE Limited.

Dematerialization Activity

During the quarter ended March 31, 2026, the company processed dematerialization requests in accordance with SEBI regulations. The certificate confirms that all securities received from depository participants for dematerialization were properly confirmed to the depositories within prescribed timelines.

Compliance Confirmation

Purva Sharegistry (I) Pvt. Ltd., through Compliance Officer Ms. Deepali Gaonkar, confirmed that all dematerialization procedures were executed properly. The certificate states that security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant, and the names of the depositories were substituted in the register of members as registered owners within prescribed timelines.

Regulatory Framework

The filing under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 is a mandatory quarterly requirement for listed companies. This regulation ensures transparency in the dematerialization process and confirms that all securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are traded.