VVIP Infratech Limited has submitted its mandatory initial disclosure to BSE Limited confirming its status under the SEBI Large Corporate framework. The submission, dated April 06, 2026, addresses the company's compliance with regulatory requirements outlined in multiple SEBI circulars.

Regulatory Compliance Framework

The disclosure was made in reference to SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, along with related operational circulars from August 10, 2021, and November 26, 2018. These circulars establish the framework for identifying and regulating Large Corporates in the Indian capital markets.

Company Status and Financial Position

VVIP Infratech Limited confirmed that it does not qualify as a Large Corporate under the applicability criteria specified in the SEBI framework. The key details submitted in the disclosure include:

Credit Rating Information

The company disclosed its credit ratings assigned by Acuité Ratings & Research Limited during the previous financial year:

Large Corporate Framework Implications

Under the SEBI Large Corporate framework, entities identified as Large Corporates are required to raise a specified portion of their incremental borrowings through debt securities. The framework includes provisions for penalties in case of shortfall in mandatory borrowing through debt markets.

As per the circular provisions, beginning from FY 2022, any shortfall in mandatory borrowing through debt securities would attract a fine of 0.20% of the shortfall amount, levied by stock exchanges at the end of the two-year block period.

Corporate Information

VVIP Infratech Limited, formerly known as Vibhor Vaibhav Infra Private Limited, operates from its corporate and registered office located at Fifth Floor, VVIP Style, NH-58, Rajnagar Extension, Ghaziabad, Uttar Pradesh. The disclosure was signed by Chief Financial Officer Prashant Wahi and Company Secretary cum Compliance Officer Kanchan Aggarwal.

VVIP Infratech Limited has formally communicated to BSE Limited regarding its non-applicability to SEBI Regulation 24A requirements. The company, formerly known as Vibhor Vaibhav Infra Private Limited, has claimed exemption from secretarial audit obligations based on its SME listing status.

Regulatory Exemption Claimed

The company has invoked Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 to claim exemption from multiple compliance requirements. Under this regulation, entities listed on SME exchanges are exempt from complying with various provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, and specific clauses of regulation 46.

SEBI Regulation 24A Requirements

SEBI Regulation 24A mandates that every listed company and its material unlisted subsidiaries incorporated in India must undertake secretarial audit. The regulation requires companies to annex a Secretarial Audit Report with their Annual Report, prepared by a Company Secretary in practice. This requirement became effective from the year ended March 31, 2019.

Company's Position

VVIP Infratech Limited has stated that as an entity listed on BSE SME platform, the compliance requirements under Regulation 24A do not apply to the company. The communication emphasizes that SME-listed entities enjoy specific exemptions under the SEBI framework, allowing them to operate with reduced regulatory burden compared to main board listings.

Communication Details

The formal communication was addressed to the Sr. General Manager, Listing Operations at BSE Limited and was signed by Kanchan Aggarwal, Company Secretary cum Compliance Officer with Membership No. A70481. The company has requested BSE to take this exemption claim on record.

The company's stance reflects the regulatory framework designed to provide operational flexibility to SME-listed entities while maintaining essential disclosure and compliance standards appropriate to their scale and market segment.