Flywings Simulator Training Centre Limited qualifies for Corporate Governance exemption due to SME listing status and financial thresholds
Flywings Simulator Training Centre Limited has been confirmed as exempt from certain corporate governance requirements under SEBI regulations, based on its listing status on the National Stock Exchange of India's (NSE) Emerge Platform (SME) and specific financial metrics across three consecutive financial years.The exemption allows the company to forego compliance with specified aspects of Corporate Governance provisions outlined in Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The decision is supported by a review conducted by Sumit Bajaj & Associates. The company's paid-up equity share capital and net worth have consistently remained within stipulated limits over the past three financial years.
Financial overview for Flywings Simulator Training Centre Limited:
| Fiscal Year | Paid Up Capital (In Lakhs) | Net Worth (In Lakhs) |
|---|---|---|
| 2025-26 | 1017.71 | 8964.98 |
| 2024-25 | 766.43 | 3856.82 |
| 2023-24 | 6.67 | 2348.47 |
These figures demonstrate that the company's paid up equity share capital has not exceeded rupees ten crore and its net worth has not exceeded rupees twenty-five crore, as of the last day of each respective financial year. Furthermore, the company is listed on the Emerge Platform (SME) of National Stock Exchange of India Limited.
In line with this status and the defined parameters, compliance with several corporate governance provisions specified in the regulation is not applicable to Flywings Simulator Training Centre Limited.
The management has also undertaken that should these regulations become applicable at a later date, the company commits to complying with all relevant requirements within six months of the provision becoming mandatory.
FWSTC Stock Price Movement
Flywings Simulator Training Centre Limited settled at ₹195 on Monday, with the equity showing no change as trading concluded. The stock saw a traded volume of 600 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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