Shiva Suitings Limited has officially notified BSE Limited regarding the non-applicability of Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended 31st March, 2026. The communication was made through a formal letter dated 13th April, 2026, signed by Company Secretary and Compliance Officer Bharat Tulsani.

Regulatory Exemption Details

The exemption from SEBI LODR Regulation 24A is based on the company's financial parameters falling below the specified regulatory thresholds. According to the company's disclosure, both the paid-up equity share capital and net worth are below the minimum requirements stipulated under Regulation 15 of SEBI LODR Regulations, 2015.

Compliance Framework

Regulation 24A of SEBI LODR typically pertains to specific disclosure and compliance requirements for listed companies. However, companies that do not meet the minimum financial criteria specified under Regulation 15(2) are exempt from certain provisions. This exemption mechanism ensures that smaller listed entities are not burdened with compliance requirements that may be disproportionate to their size and operations.

Corporate Communication

The formal notification was addressed to the Corporate Relationship Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The company trades on BSE under the script code 521003. The disclosure fulfills the company's obligation to keep the stock exchange informed about its regulatory status and applicable compliance requirements.

Shiva Suitings Limited, incorporated in 1985 with CIN L17110MH1985PLC038265, operates from its registered office at Dabholkar Wadi, Kalbadevi Road, Mumbai. The company maintains transparency in its regulatory communications as part of its listing obligations.

Shiva suitings Limited has formally notified the Bombay Stock Exchange regarding the non-applicability of debt securities circular provisions to the company. The communication, dated April 13, 2026, addresses regulatory compliance requirements related to fund raising through debt securities issuance.

Regulatory Compliance Communication

The company's notification references multiple regulatory circulars including BSE Circular No. LIST/COMP/59/2019-20 dated March 3, 2020, BSE Circular No. LIST/COMP/05/2019-20 dated April 11, 2019, and SEBI Circular dated November 26, 2018. These circulars pertain to fund raising by issuance of debt securities by Large Entities.

Large Entity Classification Status

Shiva Suitings Limited has confirmed that it does not qualify as a Large Entity under the regulatory framework. The key details of this classification are presented below:

Corporate Communication Details

The formal communication was signed by Bharat Tulsani, Company Secretary and Compliance Officer with Membership No: A56425. The notification serves to ensure regulatory compliance and maintain transparency with stock exchange authorities regarding the company's borrowing status and applicable regulatory requirements.

Regulatory Framework Context

The debt securities circular provisions are specifically designed for Large Entities that meet certain borrowing thresholds. Companies with outstanding long-term borrowing of Rs. 100 crores or above as on March 31 are subject to these regulations. Since Shiva Suitings Limited falls below this threshold, the company has proactively communicated its non-applicability status to maintain compliance transparency.