Atharva Poly-Plast Limited submitted a regulatory disclosure to BSE Limited regarding compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The company informed that Regulation 27(2), which requires submission of a quarterly compliance report on corporate governance, is not applicable to the company for the quarter ended 30th September, 2026. This exemption is based on Regulation 15(2) of the Listing Regulations, which exempts entities listed on SME Exchanges from certain corporate governance provisions.
However, the company confirmed that Regulation 23 of the Listing Regulations regarding related party transactions remains applicable. This applicability is due to the company's paid-up equity share capital exceeding ₹10 crore as on 31st March, 2026, as per the amended Regulation 15(2) effective from 1st April, 2025.
The company committed to ensuring compliance with Regulation 23 requirements, including:
- Review and approval of related party transactions by the Audit Committee
- Approval by the Board of Directors/shareholders where required
- Half-yearly disclosure of related party transactions to the Exchange under Regulation 23(9) within prescribed timelines
- Publication of these disclosures on the company's website at https://atharvapolyplast.in/