Sanghvi Brands Limited has officially notified BSE Limited about the non-applicability of submitting quarterly compliance reports on Corporate Governance for the third quarter of FY26. The company's exemption is based on its listing status on the SME platform, which provides relief from certain regulatory compliance requirements under SEBI regulations.

Regulatory Exemption Details

According to Regulation 15 of SEBI (LODR) Regulation 2015, companies listed on SME exchanges are exempted from corporate governance provisions specified in multiple regulations. The exemption covers Regulations 17, 17A, 18, 19, 20, 21, 22, 24, 24A, 25, 26, 26A, 27, and specific clauses of Regulation 46, along with para C, D and E of Schedule V.

The exemption also applies to listed entities with paid-up equity share capital not exceeding ₹10.00 crores and net worth not exceeding ₹25.00 crores as on the last day of the previous financial year.

Future Compliance Commitment

Sanghvi Brands Limited has undertaken to comply with corporate governance requirements within six months from the date these provisions become applicable to the company. This commitment demonstrates the company's readiness to meet enhanced regulatory standards as it grows and potentially transitions from the SME platform.

Investor Complaint Resolution Status

The company maintained a clean record for investor complaints during the October-December 2025 period. The quarterly statement shows zero complaints across all regulatory platforms:

This complaint resolution statement was prepared pursuant to Regulation 13(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, handled by Bigshare Services Pvt. Ltd., the company's registrar and transfer agent.

Corporate Information

Sanghvi Brands Limited, headquartered at Sanghvi House, Shivajinagar, Pune, Maharashtra, operates under the guidance of Company Secretary and Compliance Officer Aman Sharma. The company's securities are identified by scrip code 540782 on BSE, maintaining its commitment to transparency and regulatory compliance within the SME framework.

Sanghvi Brands Limited has disclosed its utilization of issue proceeds for the half-year ended September 30, 2025, as reviewed by the company's Audit Committee on November 11, 2025. The report provides insights into how the company has allocated and utilized funds raised from its public issue across various business objectives.

Key Highlights of Fund Utilization

Detailed Breakdown of Utilization

Expansion of Outlets and Distribution

The company allocated Rs. 771.70 lakhs for expanding outlets and distribution of its current brand portfolio in India and overseas. Of this, Rs. 632.14 lakhs have been utilized, with Rs. 139.56 lakhs still pending utilization.

Marketing and Sales Promotion

Sanghvi Brands fully utilized the allocated Rs. 500.00 lakhs for marketing and sales promotion of brands in their portfolio.

General Corporate Purposes

The company utilized Rs. 284.42 lakhs for general corporate purposes, fully exhausting the allocated amount.

Strategic Investments

Out of Rs. 100.00 lakhs allocated for strategic investments for business growth, Rs. 71.42 lakhs have been utilized, leaving Rs. 28.58 lakhs pending.

Issue Expenses

The company spent Rs. 225.55 lakhs out of the allocated Rs. 240.00 lakhs on issue expenses, with Rs. 14.45 lakhs remaining.

Additional Allocations

The statement also shows allocations for acquisitions and development of new brands (Rs. 380.85 lakhs), although the actual utilization amount for this category was not specified in the report.

This disclosure, made in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides transparency on how Sanghvi Brands is utilizing its raised capital to fuel various aspects of its business growth and operations.

The company's focus on expanding its outlet presence, coupled with significant investments in marketing and brand development, suggests a strategic approach towards enhancing its market position and brand portfolio. The full utilization of funds for marketing and sales promotion indicates the company's commitment to strengthening its brand presence in the market.