Mayank Cattle Food Receives FY26 Reporting Relief

Mayank Cattle Food Ltd will not submit its Annual Secretarial Compliance Report for FY2025-26. This exemption is due to the company's listing on the SME Exchange, which means a specific SEBI reporting regulation does not apply.

Today's Filing: Regulatory Exemption Confirmed

Mayank Cattle Food Limited has informed the Bombay Stock Exchange (BSE) that Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, does not apply to the company for the Financial Year 2025-26. Because Mayank Cattle Food's securities are listed on the SME Exchange, the company is exempt from filing the Annual Secretarial Compliance Report for this period.

Understanding the Reporting Requirement

SEBI's Regulation 24A requires listed companies to submit an Annual Secretarial Compliance Report, confirming they follow all applicable SEBI rules. This report is usually signed by a practicing Company Secretary. However, certain listed entities, such as those on the SME Exchange or meeting specific financial criteria, are exempt under Regulation 15(2) of the LODR Regulations. This exemption lifts the reporting obligation for Regulation 24A.

Company Background and SME Listing

Mayank Cattle Food Limited, established in 1998, produces cattle feed and edible oil. The company went public and was listed on the BSE SME platform in January 2024. Companies on SME exchanges typically face a lighter compliance load than those on main boards, enabling them to concentrate more on business expansion.

Impact of the Exemption

Mayank Cattle Food Ltd is no longer required to prepare and submit its Annual Secretarial Compliance Report for FY2025-26. This allows the company to redirect resources that would have been used for this compliance towards its core business operations. The exemption is consistent with rules aimed at simplifying compliance for SME-listed companies.

Potential Risks

This notification relates to a regulatory exemption and does not present any specific risks, as it is not a compliance failure.

Similar Exemptions Among Peers

Other companies listed on SME exchanges, including Siyaram Recycling Industries Ltd., Ajwa Fun World & Resort Ltd., and Safecure Services Limited, have also announced similar exemptions for FY26. This reflects a common regulatory advantage for companies on SME platforms or meeting certain size requirements.

Looking Ahead

Investors will continue to monitor Mayank Cattle Food's adherence to other listing and disclosure requirements for SME entities. Future announcements regarding the company's operational performance and growth initiatives are also key. Additionally, the evolving regulatory landscape for SME-listed companies in India remains a point of interest.