On April 11, 2025, Manav Infra Projects Ltd., in a formal letter addressed to the National Stock Exchange (NSE), announced the non-applicability of Corporate Governance regulations to the company. The notification is issued under the provisions of Regulation 15(2)(b) of Chapter IV of the SEBI (LODR) Regulations, 2015. According to this regulation, listed entities that have their specified securities listed on the SME Exchange are not required to file the Corporate Governance Report under Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Manav Infra Projects Ltd. clarified that as a company listed on the SME Exchange, it is exempt from this particular requirement. The notification was sent to NSE to confirm the company's position regarding the non-applicability of these regulations. The company's Managing Director, Mahendra Narayan Raju, signed the letter, ensuring compliance with the SEBI regulations while maintaining clarity about their obligations.

The exemption is applicable specifically to SME-listed entities, which are subject to a different set of compliance requirements under SEBI’s Listing Regulations. This is a standard provision aimed at easing regulatory burdens on smaller companies listed on the SME Exchange while still ensuring market transparency and shareholder protection.

This action is in line with the company's ongoing efforts to comply with relevant regulatory requirements while also ensuring they align with the specific norms set forth for SME Exchange-listed entities. The announcement serves as a reminder of the nuanced regulatory framework applicable to SMEs in India's capital markets, helping businesses navigate their compliance journey efficiently.

For further reference, the letter also emphasizes that the regulatory exemption applies only to the Corporate Governance Report and not to other regulatory filings that may still be applicable to the company under SEBI and other authorities

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