Vivaa Tradecom Limited Confirms Non-Applicability of Large Corporate Framework for FY26

1 min read     Updated on 09 Apr 2026, 06:32 PM
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Vivaa Tradecom Limited has officially confirmed to BSE SME Platform that it does not fall under the Large Corporate framework for FY26, referencing three key SEBI circulars. The formal notification was signed by Company Secretary Deepti Thepadia and CFO Jaikishan Lalchand Sajnani, ensuring regulatory compliance transparency.

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Vivaa Tradecom Limited has officially notified BSE SME Platform regarding its non-applicability under the Large Corporate (LC) framework for the financial year ended March 31, 2026. The communication, dated April 09, 2026, serves as a formal regulatory disclosure to ensure compliance with SEBI guidelines.

Regulatory Framework Reference

The company's notification specifically references three key SEBI circulars that govern Large Corporate classifications and compliance requirements:

Circular Reference: Date
SEBI/HO/DDHS/CIR/P/2018/144 November 26, 2018
SEBI/HO/DDHS/P/CIR/2021/613 April 13, 2022
SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 October 19, 2023

These circulars establish the framework for "Initial Disclosure" requirements for fund raising through debt securities by Large Corporates and outline associated disclosure and compliance obligations.

Company Classification Status

Vivaa Tradecom Limited has confirmed that it does not fall under the purview of the Large Corporate category as defined in the aforementioned SEBI framework. This classification determination is significant for regulatory compliance purposes and affects the company's disclosure obligations regarding debt securities issuance.

Corporate Information

The formal notification was addressed to BSE SME Platform's Department of Corporate Services at P.J. Towers, Dalal Street, Fort, Mumbai. The communication was jointly signed by key company officials, demonstrating proper corporate governance protocols:

Position: Name
Company Secretary & Compliance Officer Deepti Thepadia
Chief Financial Officer Jaikishan Lalchand Sajnani

Company Details

Vivaa Tradecom Limited operates under CIN L46411GJ2010PLC060396 with its registered office located at 17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad - 382405. The company maintains its digital presence through www.vivaa-trade.com and can be contacted at vivaa-tradecom@gmail.com or by phone at +91 75730 36727.

This regulatory confirmation ensures transparency in the company's compliance status and provides clarity to market participants regarding its classification under current SEBI frameworks for the financial year 2026.

What are Vivaa Tradecom's growth projections that could potentially trigger Large Corporate classification in future financial years?

How might the company's current non-LC status affect its ability to raise capital through debt securities compared to larger competitors?

Will SEBI introduce any new regulatory changes that could alter the Large Corporate classification thresholds for SME platform companies?

Vivaa Tradecom Limited Declares Non-Applicability of Annual Secretarial Compliance Report for FY26

1 min read     Updated on 09 Apr 2026, 05:08 PM
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AI Summary

Vivaa Tradecom Limited has declared non-applicability of Annual Secretarial Compliance Report for FY26 under SEBI Regulation 24A, citing its SME Exchange listing status. The exemption is based on Regulation 15(2) of SEBI (LODR) Regulations 2015, which provides relief from various corporate governance provisions for SME-listed companies. The declaration was submitted to BSE SME Platform on April 09, 2026, by Managing Director Miteshbhai Jayantilal Adani.

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Vivaa Tradecom Limited has formally declared to the BSE SME Platform that the Annual Secretarial Compliance Report under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 is not applicable for the financial year ended March 31, 2026. The declaration was submitted on April 09, 2026, and signed by Managing Director Miteshbhai Jayantilal Adani.

Regulatory Exemption Framework

The company's exemption is based on Regulation 15(2) of the SEBI (LODR) Regulations 2015, which provides specific relief for certain categories of listed entities. According to the regulation, corporate governance provisions specified in multiple regulations do not apply to companies meeting specific criteria.

Exemption Category Details
SME Exchange Listed Entities Companies with securities listed on SME Exchange
Small Companies Paid-up equity capital ≤ ₹10 crore and net worth ≤ ₹25 crore
Applicable Regulations Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27

Company's Compliance Status

Vivaa Tradecom Limited qualifies for exemption as its securities are listed on the SME Exchange. This listing status automatically exempts the company from submitting the Annual Secretarial Compliance Report under Regulation 24A, along with other corporate governance requirements specified in the SEBI regulations.

Corporate Governance Relief

The regulatory framework provides comprehensive relief from various corporate governance provisions for SME-listed companies. The exemptions cover a wide range of compliance requirements, including board composition, audit committee requirements, and disclosure obligations that typically apply to main board listed companies.

Document Details Information
Declaration Date April 09, 2026
Financial Year Ended March 31, 2026
Signatory Miteshbhai Jayantilal Adani, Managing Director
DIN 03279695

Company Information

Vivaa Tradecom Limited operates with its registered office located at 17, Pirana Piplej Road, Saijpur (Gopalpur), Piplej, Ahmedabad. The company maintains its corporate communications through established channels and continues to fulfill its applicable regulatory obligations as an SME Exchange-listed entity while benefiting from the streamlined compliance framework designed for smaller enterprises.

Will SEBI consider tightening corporate governance requirements for SME-listed companies in response to growing market participation?

How might Vivaa Tradecom's compliance cost savings from regulatory exemptions impact its competitive positioning and growth strategy?

Could the company's current exemption status change if it exceeds the ₹10 crore paid-up capital or ₹25 crore net worth thresholds in future years?

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