TBI Corn Limited, formerly known as The Best India, has formally declared that the company is not obligated to submit a Corporate Governance Report for the quarter ended March 31, 2025, under Regulation 27(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (commonly known as SEBI LODR Regulations).

This exemption comes as a result of the company’s listing on the NSE Emerge Platform, which is the SME (Small and Medium Enterprise) Exchange of the National Stock Exchange of India Limited (NSE).

The announcement was made on April 14, 2025, via an official communication to the Listing Compliance Department of NSE, and was duly signed by Mr. Yogesh Laxman Rajhans, Chairman and Managing Director of TBI Corn Limited, holding DIN: 09408693.

Why Regulation 27(2) Does Not Apply

Regulation 27(2) mandates the submission of a Quarterly Corporate Governance Report by listed companies. However, Regulation 15(2) of Chapter IV of the SEBI LODR Regulations outlines specific exemptions for companies listed on SME exchanges such as NSE Emerge.

This means:

• TBI Corn Limited, by virtue of its SME listing, is excluded from filing reports mandated by Regulation 27(2).

• The exemption applies automatically unless the company crosses defined financial thresholds or voluntarily opts into main-board compliance norms.

• The company will continue to follow all other applicable SEBI and exchange-related disclosure requirements.

Details of the Company’s Listing and Operations

Company Name: TBI Corn Limited
Former Name: The Best India
CIN: U15400PN2022PLC212368
Listing Platform: NSE Emerge (SME Exchange)
Scrip Symbol: TBI
Registered Office:
A5/3 & A5/4, MIDC, Miraj, Tal- Miraj, Dist- Sangli – 416410 Maharashtra
📧 Email: cs@tbicorn.com | 📞 Mobile: +91-9423036063
🌐 Website: www.tbicorn.com

TBI Corn operates in the agri-food processing sector, with a focus on value-added corn-based products. Since its incorporation, the company has carved a niche in food innovation, regional agri-sourcing, and SME manufacturing scale-ups.

Regulatory Background

The SEBI LODR framework under Regulation 15 provides relaxation from stringent governance disclosures to entities listed on SME platforms, thereby supporting India’s Make in India and Startup India missions by:

• Reducing the compliance burden on early-stage and medium enterprises.

• Allowing these companies to focus on growth and operational efficiency.

• Introducing gradual regulatory adoption as companies scale up.

Official Communication Summary

In the official letter addressed to the National Stock Exchange of India Limited, TBI Corn stated:

“Pursuant to Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, read with Regulation 15 of Chapter IV, the company is not required to submit the Corporate Governance Report for the quarter ended March 31, 2025.”

This letter was submitted under the authority of Mr. Yogesh Laxman Rajhans, reaffirming the company’s transparent communication and understanding of its legal responsibilities.

Significance of This Filing

Such disclosures ensure that:

• Investors, analysts, and regulators are aware of the company’s obligations and exemptions.

• Public trust in SME governance is maintained through timely communication.

• The company continues to align with its NSE listing requirements while focusing on expansion and business continuity.

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