Sarthak Global Limited Files Non-Applicability of Large Corporate Framework for FY26
Sarthak Global Limited has notified BSE about its non-applicability under the Large Corporate Framework for FY26, citing non-compliance with SEBI Para 1.2 criteria. The company is exempt from filing initial and annual disclosures in specified annexures under both SEBI and BSE regulatory circulars for the financial year ended March 31, 2026.
*this image is generated using AI for illustrative purposes only.
Sarthak Global Limited has formally notified BSE Limited regarding its non-applicability under the Large Corporate Framework for the financial year 2026. The company filed this regulatory communication on April 9, 2026, under Regulation 30, clarifying its exemption from specific disclosure requirements mandated for large corporates.
Regulatory Framework and Compliance
The notification references multiple regulatory circulars that establish the framework for large corporate disclosures. The company cited comprehensive SEBI and BSE circulars that outline disclosure requirements for listed entities, with particular emphasis on the updated framework provisions.
| Regulatory Reference: | Details |
|---|---|
| Primary SEBI Circular: | SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 |
| Updated Circular: | SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 |
| BSE Circular 1: | LIST/COMP/05/2019-20 dated April 11, 2019 |
| BSE Circular 2: | LIST/COMP/59/2019-20 dated March 3, 2020 |
| Latest BSE Notice: | 20220427-2 dated April 27, 2022 |
Classification and Exemption Status
Sarthak Global Limited has confirmed that it does not meet the criteria specified in Para 1.2 of Chapter XII of the SEBI Operational Circular dated August 10, 2021. This chapter specifically addresses fund raising by issuance of debt securities by large corporates, and the company's non-compliance with these criteria exempts it from the associated regulatory requirements. The framework establishes clear applicability criteria for determining which entities fall under the Large Corporate category.
Disclosure Requirements Exemption
Due to its classification outside the Large Corporate Framework, the company is exempt from several mandatory filings for the financial year ended March 31, 2026. The filing specifies that there is no requirement for both initial and annual disclosures under the framework.
| Exempted Disclosure: | Reference |
|---|---|
| Initial Disclosure: | Annexure A (BSE Notices/Circulars) |
| Annual Disclosure: | Annexure B2 (BSE Circulars) |
| Initial Disclosure: | Annexure XII A (SEBI Operational Circular) |
| Annual Disclosure: | Annexure XII B2 (SEBI Guidelines) |
Corporate Information and Authorization
The filing was jointly signed by Ankit Joshi, Company Secretary & Compliance Officer, and Pinkesh Gupta, Chief Financial Officer, representing the company's commitment to regulatory transparency. Sarthak Global Limited, incorporated under CIN L99999MH1985PLC136835, maintains its registered office at Tulsiani Chambers, Nariman Point, Mumbai, and corporate office at Film Colony, R.N.T. Marg, Indore, with BSE trading symbol SARTHAKGL.
Historical Stock Returns for Sarthak Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.77% | +7.92% | +24.24% | +13.79% | +159.98% | +954.02% |
What factors could potentially cause Sarthak Global to qualify under the Large Corporate Framework in future financial years?
How might this exemption status impact Sarthak Global's ability to raise debt capital compared to companies subject to the Large Corporate Framework?
Will SEBI consider revising the Large Corporate Framework criteria in 2026, and how could this affect mid-sized companies like Sarthak Global?
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