Agarwal Fortune India Limited has formally notified the Bombay Stock Exchange (BSE) that it does not qualify as a "Large Corporate" under SEBI's framework for fund raising through debt securities issuance. The disclosure, submitted on April 16, 2026, clarifies that the company is exempt from initial disclosure requirements for the financial year 2026-27.

SEBI Framework Requirements

The SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, as superseded by SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, mandates that listed entities identified as "Large Corporates" must file an Initial Disclosure within 30 days from the beginning of the financial year.

The framework applies to listed entities (excluding Scheduled Commercial Banks) that meet three specific conditions as on the last day of the preceding financial year:

Company's Compliance Assessment

Agarwal Fortune India Limited, formerly known as Devki Leasing and Finance Limited, has conducted a comprehensive assessment of its position against these regulatory criteria. The company confirmed that while it meets the first condition through its equity shares listed on the BSE Stock Exchange, it does not satisfy the remaining two conditions.

Regulatory Compliance and Documentation

The formal disclosure was addressed to the General Manager-Listing Department of BSE, referencing the company's script code 530765 and scrip name AGARWAL. The communication specifically cited Para 3.2 of the relevant SEBI circular and provided a detailed explanation of the company's non-compliance with the "Large Corporate" criteria.

Since the company does not qualify as a "Large Corporate" under the SEBI framework, the requirement for Initial Disclosure for financial year 2026-27 is not applicable to Agarwal Fortune India Limited. This exemption relieves the company from the mandatory disclosure obligations that would otherwise apply to entities meeting all three criteria.

The disclosure was digitally signed by Aditi Parmar, Company Secretary and Compliance Officer (Membership No. A37301), ensuring proper regulatory compliance and transparency with stakeholders regarding the company's status under current SEBI regulations.

Agarwal Fortune India Limited has scheduled a board meeting for February 11, 2026, to review and approve its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company, formerly known as Devki Leasing and Finance Limited, communicated this development to the Bombay Stock Exchange (BSE) on February 3, 2026.

Board Meeting Details

The meeting represents the 7th Board Meeting for the financial year 2025-26 and will be conducted under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Restrictions

In compliance with the company's Code of Conduct for the Prevention of Insider Trading, Agarwal Fortune India Limited has implemented trading restrictions for specified persons. The trading window closure was communicated to stakeholders on December 24, 2025.

Company Information

The communication was signed by Aditi Parmar, Company Secretary and Compliance Officer (Membership No. A37301), and submitted to BSE under the company's script code 530765. The company operates under CIN L74110RJ1993PLC085542 and trades on BSE under the script name AGARWAL.

Regulatory Compliance

The board meeting announcement follows standard regulatory protocols, ensuring transparency and compliance with SEBI listing requirements. The company will discuss other business matters during the meeting with the permission of the chair, alongside the primary agenda of financial results approval.