Tulasee bio-ethanol Limited has formally notified BSE Limited that it does not meet the criteria for Large Corporate classification under SEBI regulations for the financial year ended March 31, 2026. The communication was made through an official undertaking dated April 4, 2026, addressed to the Corporate Relationship Department of Bombay Stock Exchange Limited.

Regulatory Compliance Under SEBI Circular

The undertaking was submitted in compliance with SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which establishes criteria for Large Corporate classification. The company confirmed that its equity shares are listed on BSE Limited under the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, with company code 524514.

Key Financial Parameters

The company provided specific financial details to support its non-Large Corporate status:

Management Declaration

The undertaking was signed by Mr. Kapil Nagpal, Managing Director of Tulasee Bio-Ethanol Limited, bearing DIN 01929335. The document carries the official company stamp and signature, emphasizing the formal nature of this regulatory communication.

Company Background

Tulasee Bio-Ethanol Limited operates from its registered office located at Plot No. 41/3 & 41/5, Village Lohop, Lohop Chowk Road, Tal. Khalapur – 410 202, Dist. Raigad, Maharashtra. The company holds CIN L24115MH1988PLC048126 and was incorporated in 1988.

This declaration ensures the company remains compliant with SEBI's regulatory framework while confirming its current financial position does not warrant Large Corporate classification for FY26.

Food Secretary officials are urging distillers to accelerate rice acquisition for ethanol production as the government aims to revise its ethanol blending plans amid the ongoing oil crisis. This development comes as the industry continues to advocate for higher blending targets to strengthen energy security.

Government Directive on Rice Acquisition

The latest government initiative focuses on expediting rice procurement by distillers to boost ethanol production capacity. Food Secretary officials have specifically emphasized the urgency of this directive as part of a broader strategy to address energy security concerns arising from the current oil crisis.

Industry Push for Higher Blending Targets

Indian ethanol producers have been actively requesting the government to raise the ethanol blending mandate from the current 20% target to 30%. The key industry participants advocating for this increase include:

• Balrampur Chini Mills Limited - A leading sugar and ethanol producer
• Triveni Engineering & Industries Limited - Diversified engineering and sugar company
• Dalmia Bharat Sugar and Industries Limited - Major sugar and ethanol manufacturer
• EID Parry (India) Limited - Integrated sugar and bio-products company

Strategic Implications

The convergence of industry demands for higher blending targets and government urgency for rice-based ethanol production reflects a comprehensive approach to energy security. This dual strategy aims to reduce dependence on fossil fuel imports while leveraging domestic agricultural resources to meet growing energy demands during the current oil crisis.