Justo Realfintech Limited Declares Non-Applicability of Annual Secretarial Compliance Report for SME Listed Entity

1 min read     Updated on 06 Apr 2026, 10:40 PM
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Justo Realfintech Limited has declared to BSE Limited that it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI (LODR) Regulations, 2015, due to its listing on the SME platform. The declaration, made on April 06, 2026, by Chairman and Managing Director Puspanitra Das, cites Regulation 15(2) which exempts SME-listed entities from various corporate governance provisions including Regulations 17-27 and specific clauses of Regulation 46 and Schedule V.

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Justo Realfintech Limited has officially informed BSE Limited that it is exempt from submitting the Annual Secretarial Compliance Report under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration was made on April 06, 2026, highlighting the regulatory exemptions available to companies listed on Small and Medium Enterprises (SME) platforms.

Regulatory Exemption Framework

The company's exemption is based on Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides specific relief to SME-listed entities. This regulation exempts companies listed on SME exchanges from compliance with several corporate governance provisions.

Exempted Regulations: Coverage
Regulations 17-27: Corporate governance provisions
Regulation 46 clauses: (b) to (i) and (t) of sub-regulation (2)
Schedule V sections: Paras C, D and E
Regulation 24A: Annual Secretarial Compliance Report

Company Background and Compliance Declaration

Justo Realfintech Limited, formerly known as Justo Realfintech Private Limited, has its specified securities listed on the SME Platform of BSE Limited. The company operates under CIN U67190MH2019PLC323318 and is headquartered in Mumbai, Maharashtra.

The formal declaration was signed by Puspanitra Das, Chairman and Managing Director (DIN: 01643973), and submitted to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. The communication specifically references SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, which provides guidance on the implementation of these regulatory provisions.

SME Platform Benefits

The SME platform listing provides significant regulatory relief to smaller companies, reducing their compliance burden while maintaining essential investor protection measures. This exemption allows SME-listed companies to focus resources on business operations rather than extensive corporate governance reporting requirements that may be more suitable for larger, mainboard-listed entities.

The company has requested BSE Limited to take this declaration on record, ensuring proper documentation of its compliance status under the current regulatory framework.

Will SEBI consider tightening SME platform exemptions to enhance corporate governance standards for smaller listed companies?

How might Justo Realfintech's business expansion plans be affected by potential future migration from SME to mainboard listing?

What impact could regulatory changes have on investor confidence in SME-listed fintech companies like Justo Realfintech?

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Justo Realfintech Limited Submits SEBI Compliance Certificate for Q4 FY26

1 min read     Updated on 06 Apr 2026, 08:29 PM
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Justo Realfintech Limited filed its Q4 FY26 certificate under SEBI Regulation 74(5) on April 6, 2026, confirming compliance with depositories regulations. The certificate, prepared by registrar Purva Sharegistry (India) Private Limited, shows no share dematerialisation activity during January-March 2026. The filing fulfills mandatory quarterly reporting requirements for companies regarding share transfer and dematerialisation processes under SEBI guidelines.

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Justo Realfintech Limited has submitted its quarterly compliance certificate to BSE Limited under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed on April 6, 2026, by Chairman and Managing Director Puspamitra Das, fulfilling the company's regulatory obligations for share dematerialisation reporting.

Regulatory Compliance Documentation

The certificate was prepared by Purva Sharegistry (India) Private Limited, which serves as the company's registrar and share transfer agent. Purva Sharegistry holds SEBI registration number INR000001112 as a Category 1 registrar for IPO and share transfer services. The compliance officer Ms. Deepali Gaonkar signed the confirmation certificate on April 1, 2026.

Share Dematerialisation Activity

The quarterly report reveals no dematerialisation activity during the January-March 2026 period. The detailed breakdown shows:

Parameter Q4 FY26 Status
Folio Numbers NIL
Shareholder Names NIL
Certificate Numbers NIL
Share Quantities NIL
Dematerialisation Transactions NIL

Regulatory Framework

Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, companies must confirm that securities received from depository participants for dematerialisation are properly processed within prescribed timelines. The regulation requires that security certificates received for dematerialisation be confirmed or rejected, with physical certificates mutilated and cancelled after verification by the depository participant.

Company Information

Justo Realfintech Limited, formerly known as Justo Realfintech Private Limited, operates from its registered office at Indiana Business Centre, Marol, Andheri (East), Mumbai. The company holds CIN number U67190MH2019PLC323318 and trades under scrip code 544542 with ISIN INE0W5Q01017. The submission demonstrates the company's adherence to SEBI's regulatory framework for depositories and participant operations.

What factors might be contributing to Justo Realfintech's lack of dematerialisation activity, and could this indicate limited investor interest or trading volume?

How might the company's zero dematerialisation transactions impact its liquidity and ability to attract institutional investors in upcoming quarters?

Will Justo Realfintech need to implement new strategies to encourage shareholders to convert physical certificates to demat form?

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