Smiths & Founders (India) Limited Confirms Non-Applicability of Large Corporate Criteria for FY26

1 min read     Updated on 11 Apr 2026, 06:28 PM
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Smiths & Founders (India) Limited has confirmed to BSE that it does not qualify as a large corporate under SEBI criteria for FY26. The confirmation, submitted on April 11, 2026, references SEBI Circular dated November 26, 2018, and exempts the company from enhanced disclosure requirements in Annexure-A. Company Secretary Roopashree B Shettigar digitally signed the communication, ensuring regulatory compliance.

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Smiths & founders (India) Limited has formally communicated to BSE Limited regarding its status under SEBI's Large Corporate criteria for the financial year ended March 31, 2026. The company has confirmed that it does not meet the threshold requirements that would classify it as a large corporate entity.

Regulatory Compliance Communication

The confirmation was submitted to BSE on April 11, 2026, through an official communication bearing reference number SFIL/COSEC/BSE/1104/2026-27. Company Secretary and Compliance Officer Roopashree B Shettigar signed the digital communication, ensuring proper authentication and compliance with regulatory protocols.

SEBI Circular Requirements

The communication specifically references SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which established criteria for identifying large corporate entities. Under para 2.2 of this circular, companies meeting certain financial thresholds are required to comply with additional disclosure and governance requirements.

Parameter Details
Reference Circular SEBI/HO/DDHS/CIR/P/2018/144
Circular Date November 26, 2018
Assessment Period Year ended March 31, 2026
Disclosure Requirement Annexure-A (Not Applicable)

Implications of Non-Large Corporate Status

By confirming its non-large corporate status, Smiths & Founders (India) Limited is exempt from the enhanced disclosure requirements specified in Annexure-A of the SEBI circular. This classification indicates that the company's financial parameters fall below the thresholds established for large corporate entities, thereby reducing its regulatory compliance burden in specific areas outlined by the circular.

The company has requested BSE to take this information on record, completing the necessary regulatory communication process for the financial year 2025-26.

Historical Stock Returns for Smiths & Founders

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%+17.41%+28.29%+1.74%-25.81%+557.50%

What strategic initiatives might Smiths & Founders pursue to potentially cross the large corporate threshold in future financial years?

How could SEBI's large corporate criteria evolve, and what impact would stricter thresholds have on mid-sized companies like Smiths & Founders?

Will the company's non-large corporate status affect its ability to attract institutional investors or access capital markets?

Smiths & Founders (India) Limited Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 09 Apr 2026, 05:49 PM
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Smiths & Founders (India) Limited filed its SEBI Regulation 74(5) compliance certificate for Q4FY26 with BSE Limited on 9th April, 2026. The certificate, issued by RTA Integrated Registry Management Services Private Limited, confirms proper processing of dematerialization activities during the quarter ended 31st March, 2026, including timely confirmation of securities, certificate mutilation, and register updates within prescribed timeframes.

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Smiths & founders (India) Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended 31st March, 2026. The certificate was filed with BSE Limited on 9th April, 2026, demonstrating the company's adherence to regulatory requirements for depositories and participants.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the company's dematerialization activities during Q4FY26. Company Secretary Roopashree Shettigar signed and submitted the documentation to BSE Limited's Department of Corporate Relations.

Parameter: Details
Quarter Covered: Q4FY26 (ended 31st March, 2026)
Submission Date: 9th April, 2026
Regulation: SEBI Regulation 74(5)
Submitted To: BSE Limited
Company Secretary: Roopashree Shettigar

RTA Confirmation Certificate

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on 6th April, 2026. The RTA confirmed that all securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories.

Dematerialization Process Compliance

The RTA's certificate confirms several key compliance aspects:

  • Securities received for dematerialization were confirmed (accepted/rejected) to depositories
  • Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
  • Certificates received for dematerialization were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners within 15 days
Compliance Aspect: Status
Securities Confirmation: Completed
Stock Exchange Listing: Confirmed
Certificate Mutilation: Completed after verification
Register Update Timeline: Within 15 days
RTA Certificate Date: 6th April, 2026

Documentation and Signatures

The submission includes digitally signed documents from both the company and its RTA. Company Secretary Roopashree Shettigar digitally signed the submission on 9th April, 2026, while S Giridhar, General Manager at Integrated Registry Management Services Private Limited, signed the RTA certificate on 6th April, 2026.

This quarterly filing demonstrates Smiths & Founders (India) Limited's ongoing compliance with SEBI regulations governing depositories and participants, ensuring proper handling of dematerialization processes and maintaining transparency with regulatory authorities.

Historical Stock Returns for Smiths & Founders

1 Day5 Days1 Month6 Months1 Year5 Years
+2.94%+17.41%+28.29%+1.74%-25.81%+557.50%

Will SEBI introduce stricter dematerialization compliance requirements for companies in FY27 following recent market digitization trends?

How might Smiths & Founders' consistent regulatory compliance impact its credit rating and access to capital markets in the coming quarters?

Could the company's robust dematerialization processes position it favorably for potential mergers or acquisitions in the financial services sector?

More News on Smiths & Founders

1 Year Returns:-25.81%