Patel Retail Limited Confirms Non-Applicability of SEBI Large Corporate Criteria
Patel Retail Limited officially confirmed to BSE and NSE on April 13, 2026, that it does not fall under Large Corporate criteria as per SEBI Circular dated November 26, 2018. The regulatory compliance declaration was jointly signed by Company Secretary Prasad Ramesh Khopkar and CFO Hitesh Bhishamlal Sawlani, ensuring transparency regarding the company's regulatory status.

*this image is generated using AI for illustrative purposes only.
Patel retail Limited has formally communicated to stock exchanges that it does not meet the Large Corporate criteria under applicable SEBI regulations. The company submitted this regulatory compliance confirmation to both BSE and NSE on April 13, 2026.
Regulatory Compliance Declaration
The company has confirmed its non-applicability status under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular establishes specific criteria for determining Large Corporate classification, which Patel Retail Limited does not meet based on current parameters.
| Parameter | Details |
|---|---|
| Communication Date | April 13, 2026 |
| Reference Number | PRL/BSE&NSE/2026-2027/03 |
| SEBI Circular | SEBI/HO/DDHS/CIR/P/2018/144 |
| Circular Date | November 26, 2018 |
| Subject | Non-applicability of Large Corporate criteria |
Stock Exchange Communication
The formal communication was addressed to both major Indian stock exchanges where the company is listed. The notification serves as an official record of the company's regulatory compliance status.
Exchange Details:
- BSE Limited: Communication sent to Department of Corporate Services
- National Stock Exchange of India Limited: Notification to Listing Department
Management Authorization
The regulatory compliance confirmation was jointly signed by two key executives, ensuring proper authorization and accountability for the declaration.
| Position | Name |
|---|---|
| Company Secretary | Prasad Ramesh Khopkar |
| Chief Financial Officer | Hitesh Bhishamlal Sawlani |
The company emphasized that this communication was submitted for information, dissemination and record purposes, maintaining transparency with regulatory authorities and stakeholders regarding its compliance status under current SEBI guidelines.
Historical Stock Returns for Patel Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.26% | +8.51% | +19.56% | -16.40% | -32.26% | -32.26% |
What specific growth milestones would Patel Retail need to achieve to qualify as a Large Corporate under SEBI regulations in the future?
How might this non-Large Corporate status affect Patel Retail's access to capital markets and fundraising options going forward?
Will Patel Retail face different regulatory compliance requirements or reporting obligations compared to Large Corporate entities?


































