Rapid Fleet files non-applicability of corporate governance norms for Q2 FY26

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹202.50

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+1.9% vs market

On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.3-1.6+1.9

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AI summary

Rapid Fleet Management Services, listed on the NSE SME platform, has submitted a certificate confirming that SEBI Corporate Governance rules under Regulation 27 of LODR Regulations do not apply for the quarter ended 30 September 2026. The exemption is claimed under Regulation 15(2) because the company is listed exclusively on the SME Exchange. Regulation 23 covering related party transactions still applies since the company net worth exceeds Rs 25 crore.

Likely market impact

Routine compliance filing. No material impact on operations or shareholders; corporate governance norms are relaxed for SME-listed companies.