Mahalaxmi seamless Limited has formally communicated to BSE Limited that it does not qualify as a Large Corporate under the SEBI regulatory framework for debt securities issuance. The submission, dated April 10, 2026, addresses compliance requirements outlined in SEBI circular SEBI/HO/DDHS/CIR/P/2018/144.

Regulatory Compliance Framework

The company provided detailed information as per the SEBI framework for determining Large Corporate status:

Key Determination Factor

The primary factor establishing the company's non-Large Corporate status is its outstanding borrowing position. Mahalaxmi Seamless Limited confirmed that its long-term borrowings as of March 31 remain below the Rs. 100 crore threshold specified in the SEBI framework.

Management Communication

Managing Director Vivek Madhavprasad Jalan (DIN: 00114795) signed the official submission to BSE Limited. The communication emphasizes the company's commitment to regulatory compliance and proper categorization under SEBI guidelines.

SEBI Framework Context

The SEBI circular SEBI/HO/DDHS/CIR/P/2018/144, dated November 26, 2018, establishes specific criteria for identifying Large Corporates in the context of fund raising through debt securities issuance. Companies falling under this category face additional regulatory requirements and compliance obligations.

This clarification ensures that Mahalaxmi Seamless Limited maintains appropriate regulatory standing and avoids unnecessary compliance burdens associated with Large Corporate classification.

Mahalaxmi seamless Limited has fulfilled its regulatory obligations by submitting the mandatory certificate under SEBI Regulation 74(5) for the financial year ended March 31, 2026. The submission was made to BSE Limited on April 10, 2026, ensuring compliance with Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate submission was signed by Managing Director Vivek Madhavprasad Jalan (DIN: 00114795) and forwarded to BSE Limited at Dalal Street, Mumbai. This annual filing is a mandatory requirement under SEBI regulations to ensure proper oversight of dematerialisation processes.

Registrar Confirmation

Adroit Corporate Services Pvt. Ltd., serving as the company's registrar and share transfer agent, provided the compliance certificate dated April 1, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter ended March 31, 2026, were properly processed according to regulatory requirements.

Dematerialisation Process Compliance

The registrar's certificate outlined key compliance aspects of the dematerialisation process:

• All securities received for dematerialisation were confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Names of depositories were substituted in the register of members as registered owners within the prescribed 15-day timeline

Company Information

Mahalaxmi Seamless Limited operates with CIN L93000MH1991PLC061347 and maintains its registered office at Pipenagar (Sukeli) Via Nagothane Taluka Roha Dist Raigad. The company's corporate office is located at Virwani Industrial Estate, Goregaon (East), Mumbai. This regulatory filing demonstrates the company's commitment to maintaining transparency and compliance with SEBI regulations governing depositories and participants.