S.M. Gold Limited, known as the 'House of Mangalsutra', has officially confirmed to BSE Limited that it does not fall under the category of 'Large Corporate' as per SEBI's regulatory criteria. The confirmation, dated April 4, 2026, clarifies the company's regulatory status as on March 31, 2026.

Regulatory Compliance Confirmation

The company's Managing Director, Pulkitkumar Sureshbhai Shah, submitted the formal communication to BSE's Corporate Relations Department, referencing multiple regulatory circulars that govern large corporate disclosure requirements.

SEBI and BSE Circular References

The confirmation letter references several key regulatory documents that establish the framework for large corporate classifications:

• SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
• SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022)
• BSE Circular No. LIST/COMP/05/2019-20 dated April 11, 2019
• BSE Circular No. LIST/COMP/59/2019-20 dated March 3, 2020
• BSE Notice No. 20220427-2 dated April 27, 2022

Initial Disclosure Exemption Impact

Based on this classification, S.M. Gold Limited is exempt from filing initial disclosures under specific regulatory annexures. The company will not be required to submit documentation under 'Annexure A' as per BSE notices or 'Annexure XII A' under SEBI's operational circular for the financial year ended March 31, 2026.

Corporate Governance

The formal communication underscores S.M. Gold Limited's commitment to regulatory compliance and transparent corporate governance practices. By proactively confirming its regulatory status, the company ensures clarity for stakeholders and regulatory authorities regarding its disclosure obligations under current SEBI and BSE frameworks.

S.M. Gold Limited has successfully concluded its board meeting on March 23, 2026, approving revised terms and conditions for its rights issue of fully paid-up equity shares. The board accepted modifications including the conversion of promoter's outstanding unsecured loan to equity against their rights entitlement.

Board Meeting Outcome

The board meeting was held on Monday, March 23, 2026, at the company's registered office in Ahmedabad from 4:00 PM to 6:00 PM IST. The meeting addressed key agenda items including the acceptance of revised Draft Letter of Offer terms and noted the resignation of the Company Secretary and Compliance Officer.

Rights Issue Details

The board approved a rights issue of up to 26,475,024 fully paid-up equity shares of face value ₹10.00 each, aggregating up to ₹2647.50 lakhs. The issue maintains the previously announced parameters with no changes to issue price, issue size, or ratio.

Promoter Loan Conversion

A significant development approved by the board involves the adjustment of the promoter's outstanding unsecured loan through conversion to equity against their rights entitlement. This modification requires requisite approvals and represents a strategic move to strengthen the company's capital structure while maintaining promoter commitment.

Regulatory Compliance and Next Steps

The company has communicated the board meeting outcome to BSE Limited in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, and other relevant provisions. The record date for determining eligible shareholders will be announced in due course, with detailed terms and application procedures to be specified in the Letter of Offer to be sent to eligible equity shareholders.

The announcement was signed by Pulkitkumar Sureshbhai Shah, Managing Director (DIN: 07878190), ensuring proper corporate governance and regulatory compliance throughout the rights issue process.