Sanco Industries Limited has submitted a regulatory disclosure to NSE confirming its non-applicability under SEBI's Large Corporate framework and providing updates on the completion of its Corporate Insolvency Resolution Process (CIRP). The disclosure, dated April 24, 2026, addresses multiple regulatory requirements and corporate restructuring developments.

SEBI Large Corporate Classification Status

The company has formally confirmed that it does not qualify as a Large Corporate under SEBI's debt securities fund raising framework. According to SEBI circulars dated November 26, 2018, August 10, 2021, and October 19, 2023, entities must meet specific criteria to be classified as Large Corporates.

Since Sanco Industries Limited fails to satisfy these criteria, the disclosure requirements applicable to Large Corporates under the SEBI framework are not applicable to the company.

Corporate Insolvency Resolution Process Completion

The company has successfully completed its Corporate Insolvency Resolution Process, which commenced following an NCLT order dated September 29, 2022. The resolution plan submitted by Ms. Priti Jain received unanimous approval from the Committee of Creditors with 100% voting in their 12th meeting held on April 28, 2023. The Hon'ble NCLT subsequently approved this resolution plan through its order dated December 18, 2025.

Corporate Restructuring and Amalgamation

Under clause 4.1.3 of the approved Resolution Plan and applicable provisions of the Insolvency and Bankruptcy Code, 2016, Sanco Industries Limited has been amalgamated with Carewell Exim Private Limited. The restructuring involves several key steps:

Future Listing and Compliance Framework

According to clause 4.1.5 of the approved Resolution Plan, the transferee company will become an active listed entity upon completion of all statutory, regulatory, and listing formalities. The equity shares will be listed and traded under the name "Sanco Industries Limited" with NSE symbol "SANCO", subject to approvals from relevant regulatory authorities including stock exchanges.

All future listing compliances, disclosures, and regulatory requirements for Sanco Industries Limited will be undertaken based on the financials, records, and data of the transferee company, Carewell Exim Private Limited.

Regulatory Compliance

The disclosure was signed by Pankaj Saxena, Additional Director (DIN: 08162590), on April 24, 2026, from Delhi. This communication ensures compliance with applicable disclosure requirements and provides transparency regarding the company's current status under various regulatory frameworks.