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