ERP Soft Systems Limited Clarifies Non-Applicability of SEBI Large Corporate Framework for FY 2026-2027
ERP Soft Systems Limited has informed BSE that it does not qualify as a Large Corporate under SEBI's October 2023 circular for FY 2026-2027, as it meets only one of three required conditions—equity listing on BSE—while not meeting the thresholds for long-term borrowings of ₹1,000 crore or credit rating of AA or above.

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erp soft systems has submitted a disclosure to BSE Limited confirming that the SEBI Large Corporate framework is not applicable to the company for the financial year 2026-2027. The communication, dated April 29, 2026, was filed under Regulation 30 of the listing regulations.
The disclosure references SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, which mandates that listed entities identified as Large Corporates must file an Initial Disclosure within 30 days from the beginning of the financial year. The circular specifies three conditions for classification as a Large Corporate.
SEBI Large Corporate Framework Conditions
The framework applies to listed entities (excluding Scheduled Commercial Banks) that, as on the last day of the preceding financial year, meet all three conditions:
| Condition | Requirement |
|---|---|
| 1 | Specified securities, debt securities, or non-convertible redeemable preference shares listed on a recognized stock exchange |
| 2 | Outstanding long-term borrowings of ₹1,000 crore or more (excluding specified categories) |
| 3 | Credit rating of AA or above for unsupported bank borrowings or plain vanilla bonds |
Company Status
ERP Soft Systems Limited confirmed that it meets only the first condition, having its equity shares listed on BSE (Scrip Code: 530909). The company does not satisfy the second and third conditions regarding outstanding long-term borrowings and credit rating requirements. Consequently, the company does not qualify as a Large Corporate under the SEBI circular, and the requirement for Initial Disclosure for financial year 2026-2027 is not applicable.
The disclosure was signed by K. Parvathi Reddy, Managing Director, on behalf of ERP Soft Systems Limited.
Historical Stock Returns for Erp Soft Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -2.44% | +9.09% | -44.95% | -55.83% | +47.97% |
What strategic initiatives might ERP Soft Systems pursue to scale up and potentially qualify as a Large Corporate in future financial years?
How could the company's non-qualification status affect its access to capital markets and borrowing costs compared to Large Corporate peers?
Will ERP Soft Systems face any competitive disadvantages in bidding for large enterprise contracts due to its smaller financial scale?





























