Description
RTI appeal by Parivesh Shukla seeking information about RDSO Licence Certificate submitted by Cosmic CRF Ltd to SEBI. SEBI's appellate authority reviews the respondent's reply that no such information is available with SEBI.
Summary
This is an order by SEBI’s Appellate Authority under the Right to Information Act, 2005, concerning Appeal No. 6774 of 2026 filed by Parivesh Shukla. The appellant sought information regarding the RDSO (Research Designs and Standards Organisation) Licence Certificate submitted by Cosmic CRF Ltd (CIN: L27100WB2021PLC250447) to SEBI during its DRHP filing and listing process. The respondent (CPIO, SEBI, Mumbai) replied that the company had filed its DRHP with BSE under Chapter IX of SEBI (ICDR) Regulations, 2018 for listing on the BSE SME Platform, and therefore no related RDSO licence information is available with SEBI.
Key Points
- Appellant Parivesh Shukla filed an RTI application on February 12, 2026 seeking seven categories of information about Cosmic CRF Ltd’s RDSO Licence
- The RTI application was registered as SEBIH/A/E/26/00085
- Cosmic CRF Ltd filed its DRHP under Chapter IX of SEBI (ICDR) Regulations, 2018 with BSE for listing on the BSE SME Platform
- SEBI does not provide observations on DRHP filings made with exchanges under Chapter IX of SEBI (ICDR) Regulations
- The respondent confirmed that none of the requested information (RDSO licence, correspondence, inspection reports, verification records) is available with SEBI
- The appellate authority noted that a respondent can only provide information available in its records, citing the Supreme Court judgment in CBSE vs. Aditya Bandopadhyay (August 9, 2011)
Regulatory Changes
No regulatory changes are introduced by this order. It is an adjudicatory order on an individual RTI appeal.
Compliance Requirements
No new compliance requirements arise from this order. The order reaffirms that SEBI does not hold or review DRHP-related documents for SME listings made directly with exchanges under Chapter IX of SEBI (ICDR) Regulations, 2018.
Important Dates
- February 12, 2026: Original RTI application filed by appellant
- February 24, 2026: CPIO, SEBI responded to the RTI application
- February 24, 2026: Appellant filed the first appeal (Reg. No. SEBIH/A/E/26/00085)
- March 24, 2026: Date of this appellate authority order
Impact Assessment
This order has minimal market or operational impact. It is an administrative RTI appeal decision concerning a single SME company (Cosmic CRF Ltd) and clarifies that SEBI does not hold RDSO licence or verification documents for companies filing DRHPs directly with stock exchanges under the SME listing framework. It may be of informational value to future RTI applicants seeking similar disclosures, confirming that such records must be sought from BSE or the company directly rather than SEBI.
Impact Justification
Routine RTI appeal with limited market-wide impact; pertains to a specific SME company's DRHP filing and RDSO licence verification query, with SEBI confirming no relevant records are held by it.