Corporate governance report under Regulation 27(2) not applicable for Sept 2026 quarter
The company has informed BSE that its shares are listed on the BSE SME platform, so the quarterly corporate governance compliance report under Regulation 27(2) is not applicable to it for the quarter ended 30th September, 2026.
By ScoutQuest · · 2 min read
- Quarter Referenced
- quarter ended 30th September, 2026
- Paid-up Equity Share Capital
- exceeded Rupees ten crore as on 31st March, 2026
- Listing Platform
- BSE SME platform
The company has written to BSE to state that the quarterly compliance report on corporate governance under Regulation 27(2) is not applicable to it for the quarter ended 30th September, 2026. This is an intimation, not a set of financial results.
Why the report is not applicable
- The company's equity shares are listed on the SME platform of BSE Limited.
- Under Regulation 15(2) of the Listing Regulations, corporate governance provisions in Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A and 27, along with certain clauses of Regulation 46(2) and paragraphs C, D and E of Schedule V, do not apply to an entity that has listed its specified securities on the SME Exchange.
- Because of this, the requirement to file the quarterly corporate governance compliance report under Regulation 27(2) is not applicable to the company for the September 2026 quarter.
What the company says still applies
- Regulation 23 becomes applicable to such an entity whose paid-up equity share capital exceeds Rupees ten crore or net worth exceeds Rupees twenty-five crore as on the last day of the previous financial year, as amended with effect from 1st April, 2025.
- The company states its paid-up equity share capital exceeded Rupees ten crore as on 31st March, 2026, so Regulation 23 applies to it.
- It will therefore ensure related party transactions are undertaken in compliance with Regulation 23, including review and approval by the Audit Committee, approval by the Board of Directors or shareholders wherever required, half-yearly disclosure of related party transactions to the Exchange under Regulation 23(9) within the prescribed time, and publication of the same on its website.
What this means for a retail reader
- An SME-listed company has a lighter set of corporate governance update obligations than a mainboard company, and this letter is the company confirming that position for the quarter.
- Separately, the company is confirming that the related party transaction rules do now cover it, because of the size of its paid-up equity share capital as on 31st March, 2026.
- The letter gives no other figures beyond the rupee thresholds mentioned in the rule, and no financial performance numbers.
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More numbers
- Paid-up equity share capital threshold under Regulation 15(2)Rupees ten crore
- Net worth threshold under Regulation 15(2)Rupees twenty-five crore
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