On January 15, 2025, Ishan International Limited (CIN: L74899DL1995PLC069144), a Government of India Certified Star Export House, notified the National Stock Exchange of India (NSE) regarding its non-applicability of certain SEBI (Listing Obligations and Disclosure Requirements) Regulations, specifically Regulation 27(2), for the quarter ending December 31, 2024. The company, listed on the NSE Emerge platform, is exempt from filing the Corporate Governance Report for the said quarter.

This exemption is made possible under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which states that the corporate governance provisions specified in Regulations 17 to 27 and certain clauses of Regulation 46 do not apply to companies listed on the SME Exchange. Ishan International Limited, being listed on the NSE Emerge platform (SME Exchange), qualifies for this regulatory relaxation.

The details of the regulation, as per SEBI’s amendments, clarify that companies listed on the SME platform are not required to comply with the filing of the Corporate Governance Report for the relevant quarter. As such, the company has not submitted the report for the quarter ended December 31, 2024.

Regulatory Exemption - Key Provisions of Regulation 15(2)

• Regulation 15(2) provides that compliance with the corporate governance provisions specified in Regulation 17 to 27 and certain provisions in Regulation 46 is not mandatory for SME-listed companies.
• Specifically, Regulation 15(2)(b) exempts companies that have listed their securities on the SME Exchange from the corporate governance compliance requirements, which includes filing the quarterly Corporate Governance Report.

Ishan International Limited’s Listing Status

Ishan International is listed on the NSE Emerge platform, which is designed for the SME sector and provides businesses an avenue for capital raising and growth. This exemption from corporate governance reporting allows the company to focus on its core operations and strategic development without the additional regulatory burden faced by companies on the main exchanges.

Impact of the Exemption on Ishan International Limited

While exempt from filing the Corporate Governance Report for Q4 2024, Ishan International Limited continues to maintain a strong commitment to transparency, operational efficiency, and compliance with other relevant regulations. The company is actively involved in the global trade and export market, contributing significantly to the Indian economy as an established export house.

The exemption also allows the company to efficiently manage its resources and invest in the growth of its core business, without diverting attention towards additional corporate governance filings required by larger exchanges.

Conclusion

This notification serves as an important update for investors, stakeholders, and market participants regarding Ishan International’s corporate governance reporting for Q4 2024. As per SEBI’s provisions, companies listed on the SME exchange such as Ishan International Limited are not required to submit the corporate governance report for this quarter.

The Upcoming IPOs in this week and coming weeks are  Land Immigration, EMA Partners, Stallion India and Capital Numbers.

The Current active IPO are Kabra Jewels, Rikhav Securities and Laxmi Dental.

For more updates on executive appointments and other business developments, we encourage readers to explore related news and articles, including the latest on IPOs, share market updates, and financial strategies at:
Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi
Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.