NSB BPO Solutions Limited has officially informed the Bombay Stock Exchange (BSE) about the non-applicability of certain corporate governance provisions for the quarter ended December 31, 2025. The notification, dated January 9, 2026, clarifies the company's exemption status under SEBI regulations due to its SME platform listing.

Regulatory Exemption Details

The company has cited Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides specific exemptions for entities listed on SME exchanges. Under this provision, companies listed on SME platforms are not required to comply with various corporate governance requirements that apply to mainboard-listed entities.

Scope of Corporate Governance Exemptions

The regulatory framework provides comprehensive relief to SME-listed companies from multiple corporate governance provisions. The exemptions cover regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses under Regulation 46, along with paragraphs C, D, and E of Schedule V of the SEBI LODR Regulations.

Company Communication

Company Secretary Anjali Shukla digitally signed the notification to BSE's Department of Listing Operations. The communication specifically addresses the non-requirement for filing the Quarterly Corporate Governance Report under Regulation 27(2) for the third quarter of fiscal year 2026.

The formal notification ensures transparency with the exchange regarding the company's compliance obligations and maintains proper regulatory communication protocols. NSB BPO Solutions Limited continues to operate under the SME framework, which is designed to provide a more accessible regulatory environment for smaller enterprises while maintaining essential investor protection measures.

NSBBPO Solutions Limited, a BPO services and FMCG trading company, has released its unaudited financial results for the half-year ended September 30, 2025, showcasing growth in profit despite facing compliance issues.

Financial Performance

The company reported a profit after tax of ₹459.73 lakhs for the half-year, marking an increase from ₹421.75 lakhs in the previous year. This represents a year-on-year growth of approximately 9%. The revenue from operations stood at ₹7,168.59 lakhs for the period.

Recent Listing and Compliance Challenges

NSBBPO Solutions Limited was listed on the BSE SME platform on October 10, 2025. However, the company has acknowledged several compliance gaps that require attention:

1. Pending statutory dues
2. GST demand of ₹499.23 lakhs
3. Incomplete implementation of audit trail systems

These compliance issues highlight the challenges faced by the newly listed company in adhering to regulatory requirements.

Board Meeting and Financial Results Approval

As per the LODR (Listing Obligations and Disclosure Requirements) data, the company's Board of Directors held a meeting on November 14, 2025, to consider and approve the unaudited financial results. The meeting, conducted through video conferencing, commenced at 04:30 P.M. and concluded at 04:45 P.M.

The Board approved the following:

1. Unaudited Financial Results for the half-year ended September 30, 2025
2. Limited Review Report from the Statutory Auditors
3. Certificate under Regulation 33(2)(A) of SEBI (LODR) Regulations, 2015

Investor Considerations

While NSBBPO Solutions has shown profit growth, potential investors should consider the following factors:

1. The company's recent listing on the BSE SME platform
2. Ongoing compliance challenges, particularly the significant GST demand
3. The need for improved internal control systems, as indicated by the incomplete audit trail implementation

Investors are advised to monitor the company's progress in addressing these compliance issues and its ability to maintain growth momentum in the coming quarters.

The financial results and related documents are available on the company's website at www.nsbbpo.com for further reference.