Radiowalla Network claims exemption from SEBI corporate governance compliance

NOOR MOHMMED

21/Jul/2025

Radiowalla Network cites SEBI Regulation 15(2) for exemption from filing Q1 FY26 corporate governance report.
The company has paid-up equity share capital below ₹10 crore and net worth under ₹25 crore.
It is also listed on the SME Exchange, making Regulation 27(2) inapplicable as per SEBI rules.

Radiowalla Network Limited, a company listed on the SME platform of the NSE, has submitted a declaration to the stock exchange on July 21, 2025, confirming its non-applicability under Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ending June 30, 2025.

As per the company’s letter, the exemption is claimed under Regulation 15(2), which relieves listed entities from compliance with corporate governance provisions provided their paid-up equity share capital does not exceed ₹10 crore and net worth remains below ₹25 crore, as per the last financial year’s closing.

Additionally, Radiowalla Network reiterated that it is listed on the SME Exchange, which independently qualifies it for exemption from Regulation 27(2) under the same provision. The company stated that these facts together entitle it to not file a corporate governance report for the first quarter of FY26.

The filing included Annexure A, a certified declaration confirming the company’s financial position and listing status.

Radiowalla’s communication was addressed to the Listing Department of the National Stock Exchange of India Ltd. (NSE). The company requested the exchange to take the submission on record, reinforcing that it is fully compliant with applicable SME Exchange and SEBI norms.

Radiowalla Network Ltd is headquartered in Bengaluru, with its registered office at #16/A, Maratha Bhavan, Miller Tank Bund Road, and operates in the digital content and audio streaming sector. The company was formerly known as Radiowalla Network Pvt. Ltd. and holds CIN: U93090KA2010PLC183658.

For more details, stakeholders can visit their website www.radiowalla.in or contact the company at sales@radiowalla.in.

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Radiowalla Network claims exemption from SEBI corporate governance compliance

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