Adline Chem Lab Limited has submitted a formal communication to the Department of Corporate Services at BSE Limited regarding the non-applicability of disclosure requirements for Related Party Transactions (RPT).
The company cites SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 15(2)(a) of Chapter IV, which exempts listed entities from certain corporate governance provisions if they meet specific financial thresholds. The exemption applies to companies with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year.
Adline Chem Lab Limited confirms that as of March 31, 2026 (the last day of the previous financial year):
- Paid-up equity share capital: ₹5,85,00,000 (₹5.85 crore)
- Net worth: ₹(-1,77,44,000) (Negative ₹1.77 crore)
Both figures are below the exemption thresholds specified in Regulation 15(2)(a). Consequently, the requirement to submit Disclosure of Related Party Transactions under Regulation 23(9) of SEBI LODR Regulations, 2015, is not applicable to the company for the half-year ended September 30, 2026.
The communication is digitally signed by Vrushank Balkrushna Patel, Managing Director (DIN: 05310613), and requests BSE to take this information on record.