Corporate Governance norms not applicable for Q2 FY27

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THESL · price

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

-4.7%Reaction day

₹14.75

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-5.0% vs market

On the reaction day the stock moved 5.0 pts less 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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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Thinking Hats Entertainment Solutions (THESL) has informed NSE that SEBI corporate governance provisions under the LODR Regulations 2015 do not apply to the company. Since THESL is listed on the NSE EMERGE SME platform, Regulation 15 exempts it from these norms, applicable for the quarter ended September 30, 2026.

Likely market impact

Routine compliance filing for an SME-listed company. No change in operations or governance standards. No expected impact on share price.