Shanti Spintex Limited Confirms Non-Applicability of SEBI Large Corporate Disclosure Requirements

1 min read     Updated on 02 Apr 2026, 04:02 PM
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Shanti Spintex Limited has confirmed to BSE Limited that it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/CIR/2018/144, exempting it from related disclosure requirements. The company does not meet the criteria including ₹100.00 crores outstanding long-term borrowings, AA and above credit rating, and other specified parameters. The confirmation was filed on April 2, 2026, by Company Secretary Mohini Singhal under BSE scrip code 544059.

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Shanti spintex Limited has formally notified BSE Limited that it does not qualify as a Large Corporate under the criteria established by SEBI circular SEBI/HO/DDHS/CIR/2018/144 dated November 26, 2018. This confirmation exempts the company from specific disclosure obligations mandated for larger entities.

SEBI Large Corporate Criteria

The SEBI circular defines Large Corporates based on three specific parameters that entities must meet simultaneously. The regulatory framework establishes clear thresholds for classification under this category.

Criteria: Requirements
Securities Listing: Specified securities, debt securities, or non-convertible redeemable preference shares listed on recognized stock exchanges under SEBI LODR Regulations 2015
Outstanding Borrowings: Long-term borrowings of ₹100.00 crores or above with original maturity exceeding one year (excluding external commercial borrowings and inter-corporate borrowings between parent and subsidiaries)
Credit Rating: AA and above rating for unsupported bank borrowings or plain vanilla bonds without structuring/support (highest rating considered if multiple ratings exist)

Company's Compliance Status

Shanti Spintex Limited has confirmed that it does not meet the Large Corporate criteria outlined in the SEBI circular. Consequently, the company is not required to file the initial disclosure and annual disclosure documents as specified in Annexures A, B1, and B2 of the regulatory framework.

Filing Details

The confirmation was submitted to BSE Limited on April 2, 2026, under the company's scrip code 544059. Company Secretary and Compliance Officer Mohini Singhal, holding membership number A47724, digitally signed the document from Ahmedabad.

Filing Parameter: Details
Date: April 2, 2026
BSE Scrip Code: 544059
Signatory: Mohini Singhal
Designation: Company Secretary & Compliance Officer
Membership Number: A47724
Location: Ahmedabad

This regulatory confirmation ensures compliance transparency and clarifies the company's exemption status from the enhanced disclosure requirements applicable to Large Corporates under the SEBI framework.

Historical Stock Returns for Shanti Spintex

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

What are Shanti Spintex's growth plans that could potentially push it above the ₹100 crore borrowing threshold in the coming years?

How might the company's exemption from enhanced disclosure requirements affect investor confidence and transparency perceptions?

Will Shanti Spintex consider voluntary adoption of Large Corporate disclosure practices to attract institutional investors?

Shanti Spintex Limited Submits Regulatory Certificate Under SEBI Regulation 74(5) for Q4 FY26

1 min read     Updated on 02 Apr 2026, 03:32 PM
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Shanti Spintex Limited has submitted its mandatory certificate under SEBI Regulation 74(5) for the quarter and financial year ended March 31, 2026, to BSE Limited. The certificate, provided by Registrar and Share Transfer Agent KFIN Technologies Limited, confirms that all required details of securities dematerialized and rematerialized during the period have been furnished to stock exchanges. The submission, authorized by Company Secretary Mohini Singhal on April 2, 2026, ensures compliance with SEBI (Depositories and Participants) Regulations, 2018.

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Shanti Spintex Limited has completed its regulatory filing requirements by submitting the mandatory certificate under SEBI Regulation 74(5) for the quarter and financial year ended March 31, 2026. The submission was made to BSE Limited on April 2, 2026, ensuring compliance with the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate was prepared and provided by KFIN Technologies Limited, which serves as the Registrar and Share Transfer Agent for Shanti Spintex Limited. The filing demonstrates the company's commitment to maintaining transparency and adhering to regulatory requirements governing securities transactions.

Filing Details: Information
Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5)
Period Covered: Quarter and Financial Year ended March 31, 2026
Submission Date: April 2, 2026
Filed With: BSE Limited
BSE Scrip Code: 544059

Certificate Verification Process

KFIN Technologies Limited, acting as the Registrar to an Issue and Share Transfer Agent, issued certificates to both major depositories - Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL). The certificates, dated April 1, 2026, confirm that all required details of securities dematerialized and rematerialized during the specified period have been properly furnished.

Regulatory Framework

Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 mandates that companies provide specific details about securities transactions to stock exchanges where their shares are listed. This requirement ensures transparency in the dematerialization and rematerialization process of securities.

Company Authorization

The submission was authorized by Mohini Singhal, Company Secretary and Compliance Officer (Membership No. A47724), who digitally signed the documents on April 2, 2026. The filing was made from the company's location in Ahmedabad, demonstrating proper corporate governance procedures.

Administrative Details

KFIN Technologies Limited, with its operations center in Hyderabad and registered office in Mumbai, provided comprehensive certification services. The company ensured that both CDSL and NSDL received the necessary documentation, with copies forwarded to Shanti Spintex Limited's registered address at Dholi Integrated Spinning Park, Ahmedabad.

Historical Stock Returns for Shanti Spintex

1 Day5 Days1 Month6 Months1 Year5 Years
-100.00%-100.00%-100.00%-100.00%-100.00%-100.00%

How might changes in SEBI's regulatory framework for depositories impact Shanti Spintex's compliance costs in the upcoming quarters?

What trends in dematerialization activity could signal investor sentiment shifts for Shanti Spintex's stock performance?

Will Shanti Spintex consider switching registrar and transfer agents if KFIN Technologies faces operational challenges or pricing changes?

More News on Shanti Spintex

1 Year Returns:-100.00%