Digikore Studios Limited, a leading company in the Indian stock market, has recently made a significant announcement regarding its non-applicability of Corporate Governance provisions under Regulation 27(2) of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 for the quarter ending 31st December 2024. This decision comes after the company listed its shares on the NSE Emerge platform, which caters to Small and Medium Enterprises (SMEs) seeking to go public.

As per SEBI Regulation 15(2), certain compliance requirements for corporate governance, specifically the provisions outlined in Regulation 17 to 27, clause (b) to (i), and sub-regulation (2) of Regulation 46 do not apply to entities listed on SME Exchanges. Digikore Studios, listed on NSE Emerge, is exempt from these provisions for the specified period. This move is in line with the provisions allowing SME listed companies to have relaxed regulatory requirements compared to those listed on the main board of exchanges.

The exemption, which affects the Corporate Governance report submission for the period, allows the company to bypass specific formalities under Regulation 27(2). This is crucial for smaller companies, offering them operational flexibility without compromising regulatory integrity. The company's stock, which now trades on the SME platform, will continue to follow all other applicable requirements while benefiting from these regulatory relaxations.

In essence, this exemption brings relief to Digikore Studios and other similarly positioned companies, as they can focus more on business growth without the heavy regulatory burden that larger, mainstream exchanges impose. This move also indicates the growing importance of SME platforms in providing opportunities to smaller companies to access capital markets with less stringent requirements.

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