Steelman Telecom Limited has secured a work order worth Rs. 2,74,74,000 (Rupees Two Crore Seventy-Four Lakh Seventy-Four Thousand) from Bharti Airtel Services Limited for Radio Site maintenance services. The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated 14.05.2026.

Work Order Details

The contract involves providing a Frontend, Backend, and Supervisor team for Radio Site maintenance services, with Riggers equipped with Safety and Tool kits. The engagement is classified as a professional services contract of domestic nature, with services rendered on a per-month basis over a one-year period. The key details of the order, as disclosed in Annexure-A, are summarised below:

Compliance and Disclosure

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. Steelman Telecom confirmed that the awarding entity, Bharti Airtel Services Limited, does not involve any promoter or promoter group interest, and the transaction does not qualify as a related party transaction. The intimation was signed by Aparupa Das, Company Secretary and Compliance Officer of Steelman Telecom Limited.

Steelman Telecom Limited has officially informed the Bombay Stock Exchange that the Annual Secretarial Compliance Report requirements under Regulation 24A do not apply to the company for the financial year ended March 31, 2026. The declaration, submitted on April 09, 2026, by Company Secretary cum Compliance Officer Aparupa Das, clarifies the company's regulatory compliance status as an SME-listed entity.

Regulatory Framework and Exemptions

The communication references SEBI's amendment to the Listing Obligations and Disclosure Requirements Regulation, 2015, which introduced Regulation 24A mandating secretarial audits for listed companies. Under this regulation, every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit and annex a Secretarial Audit Report with their Annual Report, effective from the year ended March 31, 2019.

SME Platform Exemptions

Steelman Telecom Limited, listed on the BSE SME platform, benefits from specific regulatory exemptions under Regulation 15(2) of SEBI LODR Regulations, 2015. The company clarified that entities listed on SME exchanges are exempt from compliance with multiple regulatory provisions, including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses under Regulation 46 and Schedule V.

Company Communication Details

The formal declaration was addressed to the Corporate Relationship Department of Bombay Stock Exchange Limited and digitally signed by Aparupa Das, who serves as Company Secretary cum Compliance Officer with membership number 42450. The company operates under scrip code BSE: 543622 and was formerly known as Steelman Telecom Private Limited.

Compliance Status Confirmation

By virtue of its listing status on the BSE SME platform, Steelman Telecom Limited has confirmed that the mandatory secretarial audit and compliance reporting requirements under Regulation 24A do not apply to the company. This exemption allows SME-listed entities to operate with reduced regulatory compliance burdens compared to main board listed companies, supporting the growth and development of smaller enterprises in the capital markets.