Surat Trade and Mercantile Limited has announced the opening of a special window for shareholders to transfer and dematerialize physical shares, following regulatory guidelines issued by the Securities and Exchange Board of India (SEBI). The initiative aims to facilitate shareholders who previously faced difficulties in share transfer processes.

SEBI Circular Implementation

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. This regulatory directive mandates companies to provide opportunities for shareholders to complete previously incomplete share transfer processes.

Eligibility and Scope

The special window specifically addresses share transfer requests that meet particular criteria. Eligible cases include shares that were sold or purchased prior to April 1, 2019, and were subsequently rejected, returned, or not attended by the company or its Registrar and Share Transfer Agent (RTA) due to various deficiencies.

The deficiencies that previously prevented processing include:

• Documentation issues
• Process-related problems
• Other technical reasons

All shares re-lodged for transfer during this window will be processed exclusively in dematerialized form, aligning with current market practices and regulatory requirements.

Public Notification Process

Surat Trade and Mercantile Limited fulfilled its disclosure obligations by publishing the notice in prominent newspapers. The company published the notice titled "Notice with respect to Special Window for transfer and dematerialization of physical shares" in Loksatta and Indian Express Publications on April 22, 2026.

Corporate Communication

The announcement was formally communicated to BSE Limited through a letter dated April 24, 2026. The communication was signed by Mahek Gaurav Jaju, Company Secretary and Compliance Officer, and submitted to the Corporate Relationship Department of BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai.

The company maintains its registered office at Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Puna Kumbharia Road, Dumbhal, Surat 395010. Surat Trade and Mercantile Limited operates under the Corporate Identification Number L17119GJ1945PLC000214 and was formerly known as Surat Textile Mills Limited.

Shareholder Benefits

This special window provides a valuable opportunity for shareholders who previously encountered difficulties in share transfer processes. The initiative demonstrates the company's commitment to resolving outstanding shareholder issues and ensuring compliance with regulatory requirements. Shareholders with eligible cases can now complete their transfer requests and receive shares in dematerialized form, which offers enhanced security and convenience for future transactions.

Surat trade & mercantile Limited has formally declared to BSE Limited that it does not qualify as a "Large Corporate" under SEBI's regulatory framework for the financial year 2025-26. The declaration was submitted on April 10, 2026, confirming the company's compliance status with regulatory requirements.

Regulatory Framework Declaration

The company has confirmed that as of March 31, 2026, it does not fall under the categories specified in Para No. 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This classification determines whether companies are subject to additional disclosure and compliance requirements under the Large Corporate Framework.

Compliance Implications

Due to its non-Large Corporate status, Surat Trade & Mercantile Limited is exempt from specific disclosure requirements. The company is not required to file the disclosure mentioned in "Annexure A" of the SEBI circular. Additionally, since the company did not fall under the Large Corporate category for financial year 2025-26, the Annual Disclosure requirement as per Annexure B1 of the circular is also not applicable.

Corporate Structure

The company, formerly known as Surat Textile Mills Limited, operates under its current name following a corporate restructuring. Company Secretary and Compliance Officer Mahek Gaurav Jaju signed the declaration, ensuring proper documentation and regulatory compliance.

This declaration provides clarity to stakeholders regarding the company's regulatory obligations and confirms its adherence to SEBI's compliance framework for the upcoming financial year.