Safa Systems & Technologies Claims SME Exemption from Annual Secretarial Compliance Report for FY26

1 min read     Updated on 16 Apr 2026, 08:19 PM
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Safa Systems & Technologies Limited has notified BSE Limited that it will not submit the Annual Secretarial Compliance Report for FY26, claiming exemption under Regulation 15(2) of SEBI (LODR) Regulations 2015 as an SME Exchange-listed entity. The company's Managing Director Faizal Bavaraparambil Abdul Khader signed the notification dated April 16, 2026, requesting the stock exchange to record this regulatory exemption.

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Safa Systems & Technologies Limited has officially notified BSE Limited that it will not be submitting the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, citing exemptions available to SME-listed companies.

Regulatory Exemption Details

The company has informed the stock exchange that the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to its operations. This notification was made in reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

Parameter Details
Exemption Claimed Regulation 15(2) of Chapter IV of SEBI (LODR) Regulations 2015
Basis for Exemption Listed entity with specified securities on SME Exchange
Financial Year Ended March 31, 2026
Notification Date April 16, 2026

SME Exchange Benefits

Safa Systems & Technologies Limited is claiming exemption specifically under Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which applies to listed entities that have listed their specified securities on the SME Exchange. This regulatory framework provides relaxation to SME listed companies from certain compliance requirements.

Company Information

The notification was signed by Faizal Bavaraparambil Abdul Khader, Managing Director of the company, bearing DIN: 07729191. The company operates under CIN NO: L52100KL2021PLC071051 and GST No: 32ABGCS8921G1ZB.

Corporate Details Information
Scrip Code 543461
Symbol SSTL
Managing Director Faizal Bavaraparambil Abdul Khader
DIN 07729191

The company has requested BSE Limited to take this exemption notification on record, emphasizing that the relaxation provided under SEBI regulations exempts SME listed companies from submitting the Annual Secretarial Compliance Report to the stock exchange for the specified financial year.

Historical Stock Returns for Safa Systems & Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.69%+22.67%-44.33%-46.03%+33.82%

Will SEBI consider tightening compliance requirements for SME-listed companies in future regulatory updates?

How might this exemption impact investor confidence in Safa Systems' corporate governance practices?

Could other SME-listed companies follow suit and claim similar exemptions for their compliance reporting?

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Safa Systems & Technologies Limited clarifies non-applicability of Large Entity framework for debt securities issuance

1 min read     Updated on 13 Apr 2026, 01:23 PM
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Safa Systems & Technologies Limited has clarified to BSE Limited that it does not qualify as a Large Entity under SEBI's framework for debt securities issuance. The communication, dated 13th April, 2026, references specific SEBI circulars from 2018 and 2023 that govern large entity debt securities regulations. Managing Director Faizal Bavaraparambil Abdul Khader authorized the submission, requesting BSE to maintain this clarification on record for regulatory compliance purposes.

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Safa Systems & Technologies Limited has formally communicated to BSE Limited regarding its classification status under SEBI's regulatory framework for debt securities issuance. The company has clarified that it does not fall under the category of Large Entities as defined in the applicable SEBI circulars.

Regulatory Compliance Communication

The company's communication, dated 13th April, 2026, was addressed to BSE Limited's Department of Corporate Services at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The clarification specifically references two key SEBI circulars that govern the framework for debt securities issuance by large entities.

Parameter: Details
Communication Date: 13th April, 2026
Addressed To: BSE Limited, Department of Corporate Services
Subject Matter: Fund raising by issuance of Debt Securities by Large Entities
Scrip Code: 543461
Symbol: SSTL

SEBI Circular References

The company's clarification was made in reference to specific SEBI regulatory circulars that establish the framework for large entity debt securities issuance. These circulars define the applicability criteria and compliance requirements for entities seeking to raise funds through debt securities.

The referenced SEBI circulars include:

  • SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018
  • SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19th October 2023

Management Authorization

The communication was authorized and signed by Faizal Bavaraparambil Abdul Khader, Managing Director of Safa Systems & Technologies Limited. The document bears his digital signature with timestamp 2026.04.13 12:17:19 +05'30', confirming the authenticity of the submission.

Corporate Details: Information
CIN Number: L52100KL2021PLC071051
GST Number: 32ABGCS8921G1ZB
Managing Director: Faizal Bavaraparambil Abdul Khader
DIN: 07729191

The company has requested BSE Limited to take this clarification on record, ensuring proper documentation of its regulatory status regarding the Large Entity framework for debt securities issuance.

Historical Stock Returns for Safa Systems & Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+1.69%+22.67%-44.33%-46.03%+33.82%

What alternative funding mechanisms might Safa Systems explore since it doesn't qualify for the large entity debt securities framework?

How could this classification impact the company's borrowing costs and access to institutional investors in future debt raises?

Will Safa Systems need to meet specific growth thresholds to potentially qualify as a Large Entity under SEBI's framework in coming years?

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