Adjia Technologies Limited Confirms Non-Applicability of SEBI Large Corporate Framework

1 min read     Updated on 25 Apr 2026, 04:24 PM
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Adjia Technologies Limited has disclosed to BSE that it does not qualify as a 'Large Corporate' under SEBI regulations due to meeting only one of three required criteria. With outstanding borrowings of merely ₹0.05 crore against the ₹1000 crore threshold and no applicable credit rating, the company is exempt from Initial Disclosure requirements for FY 2026-2027. The disclosure was filed on April 25, 2026, by Managing Director Roshan Kumar Rawal.

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Adjia Technologies Limited has informed the Bombay Stock Exchange that it does not qualify as a 'Large Corporate' under the SEBI regulatory framework, thereby exempting it from specific disclosure requirements for the financial year 2026-2027.

Regulatory Framework Requirements

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

  • Listed securities on recognized stock exchanges under SEBI 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 Status

Adjia Technologies Limited meets only the first criterion, having equity shares listed on the BSE SME platform. The company's financial position shows a significant gap from the Large Corporate threshold requirements.

Parameter Company Status SEBI Requirement
Listed Securities BSE SME Platform ✓ Met
Outstanding Borrowings ₹0.05 crore ₹1000 crore minimum
Credit Rating Not Applicable AA/AA+/AAA required

Disclosure Exemption

Since the company fulfills only one of the three mandatory criteria, it does not qualify as a Large Corporate under the SEBI framework. This exemption means Adjia Technologies Limited is not required to file the Initial Disclosure within 30 days from the beginning of the financial year 2026-2027.

Company Details

The disclosure was signed by Roshan Kumar Rawal, Managing Director and CFO, on April 25, 2026. The company operates under CIN L74140GJ2015PLC085465 and is based in Ahmedabad.

Company Information Details
Company Name Adjia Technologies Limited
CIN L74140GJ2015PLC085465
Outstanding Borrowings (March 31, 2026) ₹0.05 crore
Stock Exchange Listing BSE SME Platform

The company has formally requested the stock exchange to take note of its non-applicability status under the Large Corporate framework, ensuring compliance with regulatory disclosure requirements while clarifying its exemption from additional reporting obligations.

What are Adjia Technologies' growth plans that could potentially push their borrowings above the ₹1000 crore threshold in future years?

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

Will Adjia Technologies consider graduating from BSE SME platform to the main board, and what impact would this have on their regulatory obligations?

Adjia Technologies Limited Files Quarterly Compliance Certificate for Q4 FY26

1 min read     Updated on 09 Apr 2026, 12:18 AM
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Radhika SScanX News Team
AI Summary

Adjia Technologies Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26, confirming no dematerialization or rematerialization requests were processed during the quarter. The certificate, authorized by Managing Director Roshan Kumar Rawal and supported by RTA KFin Technologies Limited, demonstrates the company's adherence to regulatory requirements and maintains transparency with stock exchange authorities.

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Adjia Technologies Limited has filed its quarterly compliance certificate with the Bombay Stock Exchange, confirming adherence to SEBI regulatory requirements for the quarter ended March 31, 2026. The filing demonstrates the company's commitment to maintaining regulatory compliance and transparency with market authorities.

Regulatory Compliance Certificate

The company submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation requires companies to report on dematerialization and rematerialization activities through their Registrar and Transfer Agent (RTA).

Parameter: Details
Reporting Period: Quarter ended March 31, 2026
Regulation: SEBI (Depositories and Participants) Regulations 74(5)
Filing Date: April 8, 2026
RTA: KFin Technologies Limited

Certificate Confirmation

Based on the certificate received from KFin Technologies Limited, the company's RTA, Adjia Technologies confirmed that no requests for dematerialization or rematerialization processing were received during the quarter ended March 31, 2026. This indicates stable shareholding patterns with no significant changes in the mode of holding shares during the reporting period.

Management Authorization

The compliance certificate was signed by Roshan Kumar Rawal, Managing Director of Adjia Technologies Limited, bearing DIN 08658054. The document was digitally signed on April 8, 2026, from the company's Ahmedabad location, ensuring proper authorization and authentication of the regulatory filing.

RTA Confirmation

KFin Technologies Limited, serving as the company's Registrar and Transfer Agent, provided independent confirmation of the compliance status. The RTA certified that during the period from January 1, 2026 to March 31, 2026, no requests for dematerialization or rematerialization of shares were received, supporting the company's compliance declaration.

This quarterly filing reflects Adjia Technologies' ongoing commitment to regulatory compliance and transparent reporting to market authorities and depositories.

What factors might drive future dematerialization activity for Adjia Technologies as the company grows?

How could changes in shareholding patterns impact Adjia Technologies' stock liquidity in upcoming quarters?

Will Adjia Technologies consider switching to a different RTA if trading volumes increase significantly?

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