Gagan Gases Limited has formally notified BSE Limited that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework for debt securities fundraising. The confirmation was submitted to the stock exchange on April 6, 2026, providing clarity on the company's regulatory compliance status.

SEBI Circular Non-Applicability

The company has confirmed that it does not fall under the purview of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular specifically addresses fund raising by issuance of debt securities by large entities and mandates certain disclosure and compliance requirements for such corporations.

Regulatory Compliance Clarification

According to the official communication, Gagan Gases Limited does not meet the criteria outlined in para 2.2 of the referenced SEBI circular that defines 'Large Corporate' entities. This classification exempts the company from specific regulatory requirements related to debt securities issuance and associated disclosure obligations.

Official Documentation

The confirmation was officially signed by Anjali Jain, Company Secretary with Membership No. A41488, and submitted to BSE's Compliance Department. The document serves as formal record of the company's regulatory status and ensures proper compliance with stock exchange notification requirements.

This clarification provides stakeholders with clear understanding of the company's position regarding SEBI's debt securities regulations and confirms that the specific compliance framework outlined in the 2018 circular does not apply to Gagan Gases Limited's operations.

Gagan gases Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 6, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Submission

Company Secretary Anjali Jain filed the compliance certificate with BSE's Compliance Department on behalf of Gagan Gases Limited. The certificate was submitted in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting by listed companies.

Registrar Confirmation Certificate

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The firm issued the compliance certificate on April 1, 2026, confirming adherence to regulatory requirements during the quarter.

Key Confirmations Provided

The Registrar confirmed several critical compliance aspects:

• Securities received from depository participants for dematerialisation were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialisation were confirmed or rejected within prescribed timelines
• Received security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners within regulatory timelines

Corporate Information

The certificate was digitally signed by Company Secretary Anjali Jain on April 6, 2026, at 16:37:22 IST. Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, signed the registrar's confirmation certificate.

Regulatory Framework

The submission fulfills mandatory quarterly reporting requirements under SEBI's depositories regulations framework. These certificates ensure transparency in dematerialisation processes and confirm that listed companies maintain proper records and procedures for handling securities transactions through depository participants.