RBM Infracon Limited, a company listed on the SME Exchange, has formally notified the National Stock Exchange of India (NSE) about the non-applicability of Regulation 272 under the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 for the financial year ended March 31 2025.

The disclosure was made through an official letter dated April 14 2025, signed by Jaybajrang Ramaishish Mani, the Chairman and Managing Director of the company. The notification has been submitted under the company's NSE scrip code RBMINFRA.

Regulatory Background

As per Regulation 152 of SEBI LODR Regulations 2015, certain provisions concerning corporate governance are not applicable to companies listed on the SME Exchange. These exempted provisions include:

• Regulations 17 to 27 which relate to board structure, audit committees, nomination and remuneration committees, stakeholder relationships, and risk management

• Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46 which pertain to website disclosures

• Parts C, D, and E of Schedule V, which relate to quarterly compliance reporting formats

RBM Infracon’s exemption falls under clause (b), which refers specifically to listed entities with their securities listed on SME platforms.

Company Communication

The formal communication from the company reads:

With reference to the above captioned subject this is to inform you that as per Regulation 152 of SEBI Listing Obligation and Disclosure Requirements Regulations 2015 the compliance with the corporate governance provisions as specified in regulations 17 to 27 and other associated clauses shall not apply in respect of the listed entity which has listed its specified securities on the SME Exchange

Hence Corporate Governance provisions are not applicable to the company under Regulation 272 of SEBI LODR for the financial year ended March 31 2025

About RBM Infracon Limited

RBM Infracon Limited is a Gujarat-based infrastructure company registered under CIN U24109GJ2013PLC157450. The company has been a part of India's growing construction and industrial services sector, offering a wide range of infrastructure development solutions across Gujarat and beyond.

Its registered office is located in Ahmedabad, with corporate and branch offices in Jamnagar, Gujarat. RBM has a notable presence in the engineering procurement and construction (EPC) space and continues to play a significant role in regional infrastructure projects.

SME Listing and Its Benefits

Being listed on the SME Exchange allows smaller companies like RBM Infracon to:

• Access public capital markets with relaxed regulatory burdens

• Gain visibility while maintaining compliance standards appropriate for their size

• Focus on operational growth without the exhaustive compliance load of main-board listed firms

The exemption from corporate governance regulations under Regulation 272 is intended to reduce operational and financial compliance strain on SME players and support their growth journey.

Conclusion

RBM Infracon’s latest communication to the NSE regarding the non-applicability of SEBI Regulation 272 for FY25 reflects its ongoing adherence to compliance obligations tailored to SME-listed entities. The submission is now part of the official record for investor awareness and regulatory oversight.

This move not only maintains the company’s compliance track record but also aligns it with the simplified governance path allowed under SEBI's SME framework, aimed at fostering a more supportive ecosystem for smaller publicly listed firms.

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