Shah Construction Company Limited has notified BSE Limited that it will not be filing the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, citing exemption under SEBI regulations. The company's communication, dated April 16, 2026, formally declares its non-applicability status for this mandatory compliance requirement.

Regulatory Exemption Details

The company has claimed exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides that corporate governance provisions shall not apply to listed entities meeting specific financial criteria. The exemption threshold requires that the company's paid-up equity share capital does not exceed Rs. 10 crores and net worth does not exceed Rs. 25 crores as on the last day of the previous financial year.

Financial Position as per March 2025 Audited Statements

Based on the audited financial statements as on March 31, 2025, Shah Construction Company Limited has provided the following financial details:

The company's financial position clearly falls within the exemption criteria, with paid-up capital of Rs. 1.61 crores being significantly below the Rs. 10 crores threshold. Additionally, the company reports a negative net worth, which also qualifies it for the exemption.

Compliance Report Exemption

The Annual Secretarial Compliance Report requirement falls under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018, as per BSE Circular dated May 9, 2019. Since Shah Construction Company Limited qualifies for exemption from corporate governance provisions under Regulation 15(2), it is consequently also exempted from submitting the Annual Secretarial Compliance Report.

Corporate Communication

The formal notification was signed by Apeksha Jenil Shah, Company Secretary & Compliance Officer (Membership No - A66196), and submitted to BSE's Corporate Relationship Department. The company has requested BSE to take note of this exemption status in their records for the financial year 2026.

Shah Construction Company Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the company's share dematerialisation activities during the fourth quarter of FY26.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 8, 2026. Company Secretary and Compliance Officer Apeksha Jenil Shah submitted the documentation to BSE Limited's Corporate Relationship Department, ensuring adherence to prescribed regulatory timelines.

Share Dematerialisation Activity

During the quarter ended March 2026, the company processed dematerialisation requests for a total of 45 shares across two separate transactions. The registrar and share transfer agent, Purva Sharegistry (I) Pvt. Ltd., confirmed that all security certificates received for dematerialisation were properly verified and processed within the prescribed timelines.

Registrar Confirmation

Purva Sharegistry (I) Pvt. Ltd., the company's SEBI-registered share transfer agent (Registration No. INR000001112), provided comprehensive confirmation of compliance procedures. Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, certified that:

• All security certificates received from depository participants were confirmed to depositories
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Physical certificates were mutilated and cancelled after due verification
• Depositories' names were substituted in the register of members as registered owners

Corporate Governance

The filing demonstrates Shah Construction Company Limited's commitment to maintaining transparent corporate governance practices and regulatory compliance. The systematic processing of dematerialisation requests ensures shareholders can efficiently convert their physical share certificates to electronic form, facilitating easier trading and transfer of securities.