Sashwat Technocrats Limited has notified the Bombay Stock Exchange about its non-applicability for certain SEBI compliance requirements for the financial year ending March 31, 2026. The company has claimed exemption from submitting the Annual Secretarial Compliance Report under Regulation 24(A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Framework and Requirements

The Securities and Exchange Board of India (SEBI) introduced mandatory Annual Secretarial Compliance Report requirements through Circular No. CIR/CFD/CMD1/27/2019 dated February 8, 2019. Under these regulations, listed entities must engage a Company Secretary in Practice to prepare a comprehensive compliance report covering all applicable SEBI regulations and guidelines. This report must be submitted to stock exchanges within 60 days of the financial year end.

Exemption Criteria and Company Status

Sashwat Technocrats Limited qualifies for exemption under Regulation 15(2) of SEBI LODR 2015, which provides relief to smaller listed companies. The exemption applies to entities where both paid-up equity share capital and net worth fall below specified thresholds.

SEBI Clarifications on Exemptions

SEBI has provided specific clarifications through Circular Nos. LIST/COMP/10/2019-20 and LIST/COMP/12/2019-20 dated May 9, 2019, and May 14, 2019, respectively. These circulars explicitly state that listed entities claiming exemption under Regulation 15(2) are not required to comply with Annual Secretarial Compliance Report submission requirements.

Company Communication Details

The formal notification was submitted by Prakhar Singh Taunk, Company Secretary and Compliance Officer of Sashwat Technocrats Limited. The company maintains its registered office at Office No. 14, First Floor, Plumber House, 557, J.S.S. Road, Chira Bazar, Mumbai - 400002, and trades on BSE with scrip code 506313 under the name SASHWAT.

Compliance Impact

This exemption relieves Sashwat Technocrats Limited from the administrative and financial burden of engaging external Company Secretaries for compliance reporting. The exemption specifically covers Regulation 24(A) requirements and associated SEBI circular obligations, allowing the company to focus resources on core business operations while maintaining essential regulatory compliance for smaller listed entities.

Sashwat Technocrats Limited has informed the Bombay Stock Exchange (BSE) that it does not qualify as a Large Corporate under the regulatory framework established by SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144. The disclosure was made on April 14, 2026, as part of the company's compliance with Securities and Exchange Board of India (SEBI) requirements.

Regulatory Compliance Details

The disclosure pertains to SEBI's framework for fund raising through issuance of debt securities by large entities, as outlined in the circular dated November 26, 2018. The regulation requires entities to make initial and annual disclosures to determine their classification under the Large Corporate framework.

Company Information

Sashwat Technocrats Limited, incorporated in 1975, operates from its registered office at Office No.14, First Floor, Plumber House, 557, J. S. S. Road, Chira Bazar, Mumbai. The company trades on BSE under the scrip code 506313 with the scrip name SASHWAT.

Compliance Framework

The SEBI circular establishes a framework for determining Large Corporate status, which impacts how entities can raise funds through debt securities. Companies are required to make periodic disclosures regarding their status under this framework to ensure regulatory compliance and transparency in the debt securities market.

Company Secretary and Compliance Officer Prakhar Singh Taunk digitally signed the disclosure document, confirming the company's commitment to meeting regulatory requirements. The disclosure ensures that stakeholders and regulatory authorities have accurate information about the company's classification under SEBI's debt securities framework.