Shalibhadra Finance Limited has achieved a significant corporate milestone with the National Stock Exchange (NSE) approving the listing of its equity shares. The retail-focused non-banking financial company (NBFC), which serves rural and semi-urban segments, will see its shares commence trading on April 10, 2026.

NSE Listing Details

The NSE approval, dated April 8, 2026, covers comprehensive listing parameters for Shalibhadra Finance Limited's equity shares:

Share Lock-in Structure

The NSE approval includes a detailed lock-in schedule for different tranches of equity shares:

Management Commentary

Mr. Vatsal M. Doshi, Managing Director of Shalibhadra Finance Limited, expressed satisfaction with the NSE approval milestone. He emphasized that the listing will enable more effective engagement with capital markets and provide access to a wider investor base. The Managing Director highlighted this development as an important step aligned with the company's long-term vision of establishing a strong NSE presence while continuing branch network expansion across India and driving growth in Assets Under Management (AUM).

Company Profile

Shalibhadra Finance Limited operates as an NBFC with focus on rural and semi-urban areas across Gujarat, Maharashtra, and Madhya Pradesh. The company maintains a network of over 60 branches offering small ticket asset financing and customized retail products including financing for new and used two-wheelers, cars, and property loans. With assets under management exceeding ₹200 crores and an active customer base of over 1 lakh, the company follows a prudent asset-backed lending model emphasizing risk management, asset quality, and sustainable growth through robust governance and technology-enabled operations.

Compliance and Operations

The NSE has mandated that all future reports, statements, and filings required under SEBI regulations must be submitted through NEAPS (NSE Electronic Application Processing System). The company will need to seek requisite exchange approvals for any future grants, allotments, or corporate actions. NSE has also launched a mobile application for listed entities to track submission status, access compliance calendars, and monitor stock performance.

Shalibhadra Finance Limited has filed its Annual Secretarial Compliance Report for the financial year 2025-26 with BSE Limited, demonstrating comprehensive regulatory compliance across all examined parameters. The report, submitted on April 7, 2026, was prepared by practicing company secretaries P. D. Pandya & Associates and covers the review period ending March 31, 2026.

Clean Compliance Record

The secretarial audit examined the company's compliance with various SEBI regulations and found no violations or non-compliances during the financial year 2025-26. The comprehensive review covered multiple regulatory frameworks including the Securities and Exchange Board of India Act 1992, Securities Contracts Regulation Act 1956, and various SEBI regulations governing listing obligations, capital issues, takeovers, buyback of securities, and insider trading.

Key Compliance Areas Reviewed

The audit assessed ten critical compliance parameters, with the company achieving full compliance across all areas:

Regulatory Framework Coverage

The audit examined compliance with ten specific SEBI regulations, including the Listing Obligations and Disclosure Requirements Regulations 2015, Issue of Capital and Disclosure Requirements Regulations 2018, Substantial Acquisition of Shares and Takeovers Regulations 2011, and Prohibition of Insider Trading Regulations 2015. The company demonstrated full adherence to all applicable provisions and circulars issued under these regulations.

Corporate Governance Highlights

Key areas of compliance included maintenance of a functional website with accurate web-links in corporate governance reports, timely policy updates in accordance with regulatory changes, and proper conduct of board and committee performance evaluations. The company has no subsidiary companies, making material subsidiary disclosure requirements not applicable.

Clean Track Record

The report confirms that no actions were taken against Shalibhadra Finance Limited, its promoters, directors, or subsidiaries by SEBI or stock exchanges during the review period. Additionally, no additional non-compliances were identified beyond the standard examination parameters. The company maintained proper records under all applicable regulations and successfully addressed any observations from previous reports.

The Annual Secretarial Compliance Report was signed by Paresh Pandya, Proprietor of P. D. Pandya & Associates, with ACS number 12123 and CP number 4869, and submitted to BSE Limited's Corporate Relationship Department as required under Regulation 24A of SEBI LODR Regulations 2015.