Non-applicability of Corporate Governance provisions under SEBI Reg 15(2)
FIDEL · price
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Fidel Softech, listed on NSE EMERGE SME platform, has informed exchanges that most Corporate Governance provisions (Regulations 17 to 27 and clauses of Regulation 46) are not applicable to it under Regulation 15(2) of SEBI Listing Regulations. Only Regulation 23 on related party transactions (applicable from 1 April 2025) applies. This is a routine regulatory clarification confirming its SME-listed exempt status.
Routine filing with no material impact. Confirms SME platform status which means fewer governance compliance requirements apply to the company.