Claiming Exemption under regulation 15(2) of SEBI (LODR) Regulations, 2015
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DRA Consultants Ltd, listed on BSE's SME platform (Scrip Code: 540144), has submitted a letter to the Bombay Stock Exchange stating it is claiming an exemption under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Because the company trades on the SME segment rather than the main board, it is exempt from filing the Annual Secretarial Compliance Report under Regulation 24A for the financial year ended 31st March 2025. The exemption is supported by existing SEBI and BSE circulars from 2018 and 2019. The letter was signed by the Company Secretary, Ravina Modi, on 10 April 2025.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms that the company operates under the lighter compliance framework applicable to SME-listed entities, meaning slightly fewer annual disclosure obligations compared to main-board companies.