P S Raj Steels Submits Non-Applicability Certificate for SEBI Corporate Governance Report – Q1 FY26

P S Raj Steels Limited, listed on the NSE Emerge platform with symbol: PSRAJ, has submitted an official certificate indicating the non-applicability of Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 30th June 2025.

The company has formally communicated that it is exempt from filing the Corporate Governance Report, in accordance with the provisions of Regulation 15 of the same SEBI framework.

Why Corporate Governance Report is Not Applicable

Under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, certain listed entities are exempt from complying with corporate governance provisions laid down under Regulations 17 to 27, including sub-clauses of Regulation 46(2), and parts C, D, and E of Schedule V, provided they meet the following criteria:

1. Paid-up equity share capital not exceeding ₹10 crore, and

2. Net worth not exceeding ₹25 crore,

3. Or entities whose equity shares are listed on SME platforms such as NSE Emerge or BSE SME.

As per the declaration by the company, P S Raj Steels Limited is listed on the NSE Emerge platform since 19th February 2025. Therefore, it qualifies for the corporate governance exemption and is not required to file the quarterly corporate governance report under Regulation 27(2) for the June 2025 quarter.

About Regulation 27(2)

Regulation 27(2) of the SEBI LODR mandates listed companies to file a quarterly corporate governance report with the stock exchange(s), outlining:

• Composition of the board and its committees

• Attendance details of directors

• Risk management strategies

• Compliance with code of conduct

• Related party transactions

However, SME-listed entities like P S Raj Steels are relieved from this requirement to ease regulatory burden on smaller companies.

Confirmation Submitted by Company Secretary

The statement was officially signed and submitted by Ms. Suman, Company Secretary & Compliance Officer, holding Membership No. 62709. The communication dated 21st July 2025 was addressed to the Listing Compliance Department of the National Stock Exchange of India Limited (NSE).

The filing reiterated that the non-applicability of Regulation 27 for the quarter ended 30th June 2025 is in full compliance with the SEBI regulatory framework.

Corporate Background

P S Raj Steels Limited, formerly known as P S Raj Steels Private Limited, is engaged in the manufacturing of steel products. It is headquartered at:

• Registered Office: V & P. O. Talwandi Rukka, Hisar, Haryana – 125001

• Corporate Office: Plot No. 51, Block A, IDC, Hisar, Haryana – 125001

• Email: info@psrajsteels.com

• Website: www.pssrgroup.com

The company got listed on NSE Emerge on 19th February 2025, a platform tailored for small and medium enterprises (SMEs).

Significance of This Filing

The non-applicability certificate reflects transparency and ensures stakeholders that the company is aware of and complying with its obligations, even when certain filings are exempt.

Such disclosures are essential for:

• Ensuring regulatory clarity

• Reducing unnecessary compliance burdens on SMEs

• Enhancing investor awareness about exemptions available to listed SMEs

Conclusion

P S Raj Steels Ltd's submission of the non-applicability certificate under SEBI Regulation 27(2) highlights its compliance with the SEBI LODR norms applicable to SMEs. The declaration that the company is not required to file the corporate governance report for Q1 FY26 is fully in accordance with Regulation 15 of SEBI LODR.

As a recently listed SME entity, the company continues to uphold transparency while availing applicable regulatory exemptions.

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