Sevenglow Lights Limited has announced a strategic partnership through a formal association agreement with Pro CLB Global Limited, marking a significant development in the company's growth trajectory. The agreement, executed on 15th April, 2026, was disclosed to BSE Limited on 16th April, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Structure and Equity Participation

The strategic association agreement establishes a comprehensive framework for Pro CLB Global Limited's investment in Sevenglow Lights Limited. The investment structure provides for both immediate and future equity participation opportunities.

Funding and Investment Instruments

Pro CLB Global Limited has multiple funding options available under the agreement to facilitate the strategic investment. The funding structure allows for flexibility in investment approach and timing.

Funding Modes:

• Equity issuance
• Debt instruments
• Hybrid instruments

Investment Instruments:

• Equity shares
• Convertible securities
• Other mutually agreed instruments

Governance and Board Representation

The agreement establishes clear governance structures that will evolve based on Pro CLB Global's equity participation level. Board representation rights are structured to provide appropriate influence corresponding to investment levels.

Performance-Based Investment Framework

The agreement incorporates performance-linked investment criteria for equity participation beyond the initial 36% threshold. This structure aligns investor interests with company performance outcomes.

Performance Metrics:

• EBITDA targets
• Revenue growth benchmarks
• Market expansion achievements
• Operational efficiency improvements

Regulatory Compliance and Due Diligence

The strategic association ensures comprehensive regulatory compliance across multiple frameworks. Pro CLB Global Limited will conduct thorough due diligence covering legal, financial, and secretarial aspects before investment execution.

Regulatory Framework:

• Companies Act, 2013
• SEBI ICDR Regulations, 2018
• SEBI LODR Regulations, 2015
• SEBI SAST Regulations, 2011
• BSE requirements

Due Diligence Scope:

• Legal compliance verification
• Financial review and analysis
• Secretarial compliance assessment
• Statutory filings and contracts review

Agreement Terms and Future Documentation

The Strategic Association Agreement remains valid for an initial period of 6 months or until execution of definitive agreements, whichever occurs earlier. The parties will execute Share Subscription Agreement (SSA) and Shareholders Agreement (SHA) as definitive documentation. The agreement may be extended by mutual consent and includes provisions for confidentiality, dispute resolution through arbitration in Ahmedabad, and governance under Indian law. This strategic association is expected to support Sevenglow's growth objectives, business expansion initiatives, and long-term value creation for stakeholders.

Pro CLB Global Limited has officially notified BSE Limited that it will not be submitting an Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The communication, dated April 16, 2026, cites regulatory exemptions available to smaller listed entities under SEBI regulations.

Regulatory Exemption Details

The company is claiming exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This provision specifically exempts listed entities meeting certain size criteria from various corporate governance requirements.

Exempted Provisions

Under the claimed exemption, Pro CLB Global Limited is relieved from compliance with multiple SEBI regulations. The exemption covers regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and specific clauses of sub-regulation 46, along with Para C, D and E of Schedule V.

The Annual Secretarial Compliance Report requirement under Regulation 24A, which was introduced through SEBI circular CIR/CFD/CMD1/27/2019 dated February 8, 2019, falls within the scope of exempted provisions for qualifying smaller entities.

Company Background

Pro CLB Global Limited, formerly known as Provestment Services Limited, operates under scrip code 540703 on BSE. The notification was signed by Director Hemant Shantilal Mehta (DIN: 05303980) and submitted to BSE's Corporate Relationship Department.

Compliance Framework

The exemption framework under SEBI regulations recognizes that smaller listed entities may face disproportionate compliance burdens relative to their size and resources. By providing these exemptions, the regulatory framework aims to balance investor protection with practical compliance considerations for smaller public companies.

The company has requested BSE to take note of this exemption claim and update their records accordingly. This notification ensures transparency with the stock exchange regarding the company's compliance status and regulatory obligations for the financial year 2025-26.