Corporate Governance16 Oct 2026, 11:06 am
Shivchem Agro Exempted from SEBI Corporate Governance Rules
AI Summary
Shivchem Agro Ltd has announced that pursuant to Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the corporate governance provisions specified under Regulations 17 to 21 will not apply to the company. This exemption is typically granted to listed entities with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the previous financial year-end, or those listed on an SME Exchange. The company has issued this certificate for submission to BSE Limited and for its own records.
Key Highlights
- Company exempted from specific SEBI corporate governance regulations.
- Exemption based on Regulation 15(2)(b) of SEBI (LODR) Regulations, 2015.
- Applicable to entities with paid-up capital <= ₹10 Cr and net worth <= ₹25 Cr.
- Also applies to companies listed on SME Exchange.
- Filing for BSE and company records.
Price Impact
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