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




























