Srigee DLM Limited Confirms Non-Applicability of SEBI Large Corporate Framework

1 min read     Updated on 29 Apr 2026, 09:08 PM
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Shriram SScanX News Team
AI Summary

Srigee DLM Limited has officially disclosed to BSE that it does not qualify as a Large Corporate under SEBI's regulatory framework. With outstanding borrowings of only ₹6.69 crore as of March 31, 2026, the company falls well below the required ₹1000 crore threshold and lacks the necessary credit rating, exempting it from Initial Disclosure requirements for FY 2026-27.

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Srigee DLM Limited has formally notified the Bombay Stock Exchange that it does not qualify as a Large Corporate under the SEBI framework, thereby exempting it from certain regulatory disclosure requirements for the financial year 2026-27.

SEBI Large Corporate Framework Criteria

According to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, entities must meet three specific criteria to be classified as Large Corporates:

  • Listed securities on recognized stock exchanges under LODR Regulations 2015
  • Outstanding long-term borrowings of ₹1000 crore or more
  • Credit rating of AA/AA+/AAA for unsupported bank borrowings or plain vanilla bonds

Company's Current Financial Position

Srigee DLM Limited's financial status reveals significant gaps from the Large Corporate threshold:

Parameter Company Status SEBI Requirement
Listing Status BSE SME Exchange ✓ Met
Outstanding Borrowings ₹6.69 crore ₹1000 crore minimum
Credit Rating Not Applicable AA/AA+/AAA required

The company's outstanding borrowings of ₹6.69 crore as of March 31, 2026, fall dramatically short of the ₹1000 crore minimum threshold established by SEBI.

Regulatory Compliance Impact

Since Srigee DLM Limited fulfills only one of the three mandatory criteria - having equity shares listed on the BSE SME Exchange - the company is not required to submit the Initial Disclosure for financial year 2026-27. This exemption relieves the company from additional regulatory reporting obligations typically imposed on larger corporations.

Corporate Communication

The disclosure was signed by Suchitra Singh, Whole-Time Director and CFO, on April 29, 2026, from the company's Greater Noida office. The communication included detailed annexures confirming the company's non-qualification status under the SEBI framework.

This clarification ensures transparency with stakeholders regarding the company's regulatory obligations and confirms its current classification outside the Large Corporate framework established by SEBI.

Historical Stock Returns for Srigee DLM

1 Day5 Days1 Month6 Months1 Year5 Years
-3.03%+11.49%+9.45%-30.12%-59.95%-59.95%

What are Srigee DLM's expansion plans that could potentially push their borrowings toward the ₹1000 crore threshold in future years?

How might the company's exemption from Large Corporate disclosure requirements affect investor confidence and institutional interest?

Will Srigee DLM consider graduating from BSE SME to the main board, and what regulatory implications would that transition bring?

Srigee DLM Limited Files SEBI Compliance Certificate for Q4 FY26

1 min read     Updated on 11 Apr 2026, 05:39 AM
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AI Summary

Srigee DLM Limited filed its SEBI Regulation 74(5) compliance certificate for Q4 FY26 on 10th April 2026, confirming that the regulation is not applicable as all company shares remain in dematerialised form. The company's RTA, Bigshare Services Pvt. Ltd., confirmed no rematerialisation requests were received during the quarter ended 31st March 2026, reflecting complete digital shareholding structure.

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Srigee DLM Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended 31st March 2026, demonstrating its adherence to regulatory requirements. The certificate was filed with the Bombay Stock Exchange on 10th April 2026, confirming the company's compliance status regarding dematerialisation processes.

Regulatory Compliance Status

The certificate submission confirms that SEBI Regulation 74(5) is not applicable to Srigee DLM Limited during the quarter ended 31st March 2026. This exemption stems from the fact that the company's entire shareholding remains in dematerialised form, with no physical share certificates requiring conversion.

Parameter: Details
Quarter Covered: Q4 FY26 (ended 31st March 2026)
Filing Date: 10th April 2026
Scrip Code: 544399
Regulation: SEBI Regulation 74(5)
Status: Not Applicable

RTA Confirmation

Bigshare Services Pvt. Ltd., serving as the company's registrar and transfer agent, provided confirmation through a certificate dated 8th April 2026. The RTA confirmed that no rematerialisation requests were received from any company shareholders during the quarter ended 31st March 2026.

The RTA's certificate specifically states that the regulation is not applicable since:

  • The entire holding of company shares remains in demat form
  • No requests for rematerialisation were received during the quarter
  • All shareholding continues to be maintained electronically

Corporate Governance

The certificate was signed by Suchitra Singh, Whole-Time Director and CFO (DIN: 08586042), on behalf of Srigee DLM Limited. The filing was made from the company's registered office located at Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida, Uttar Pradesh.

Copies of the certificate were also submitted to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd. (CDSL) - ensuring comprehensive regulatory compliance across all relevant authorities.

Company Profile

Srigee DLM Limited, formerly known as Srigee DLM Private Limited, operates with CIN U32109UP2005PLC031105. The company maintains its corporate tagline 'Moulding Lifestyle' and continues to fulfill all regulatory obligations as a listed entity on the Bombay Stock Exchange.

Historical Stock Returns for Srigee DLM

1 Day5 Days1 Month6 Months1 Year5 Years
-3.03%+11.49%+9.45%-30.12%-59.95%-59.95%

What factors could potentially drive shareholders to request rematerialisation of their demat shares in future quarters?

How might SEBI's regulatory framework around dematerialisation evolve to impact companies with fully demat shareholding?

Will Srigee DLM's consistent compliance record influence its credit ratings or attract institutional investors?

More News on Srigee DLM

1 Year Returns:-59.95%