Non-Applicability of Regulation 24-A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as the securities of our company are listed on SME Exchange.
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Suyog Gurbaxani Funicular Ropeways Ltd has informed BSE that it is exempt from Regulation 24A requirements, which mandate submission of an Annual Secretarial Compliance Report. The company cites Regulation 15(2) of SEBI (LODR) Regulations, 2015 as the basis for this exemption. According to this regulation, entities listed on SME Exchange are not required to comply with corporate governance provisions including Regulation 24A. The company clarified that while it is exempt from this specific requirement, it will continue to comply with all other applicable listing obligations. This is a routine compliance disclosure filed with BSE on April 21, 2026.
This filing indicates the company is taking advantage of relaxed compliance norms available to SME-listed entities. It is not a negative development but rather a clarification of the company's regulatory obligations. Investors should note the company operates under SME Exchange listing rules with reduced corporate governance requirements compared to main board listings.