Auto Pins (India) Limited has filed a regulatory disclosure with BSE Limited regarding the non-applicability of SEBI Regulation 23(9) for the half year ended March 31, 2026.
The company states that pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), the provisions of Regulation 23(9) are not applicable to the company. This exemption is based on the company's financial metrics as of March 31, 2025:
- Paid-up Share Capital: ₹570.71 lakhs (₹5.71 crore)
- Net Worth: ₹857.57 lakhs (₹8.58 crore)
Both figures are below the threshold limits of ₹10 crores for paid-up capital and ₹25 crores for net worth specified in the regulations.
As a result of this exemption under Regulation 15(2), the company is not required to comply with various corporate governance provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and certain clauses of Regulation 46 and Schedule V.
Specifically, the company confirms it is not required to submit "Disclosures of the Related Party Transaction" as per Regulation 23(9) of the LODR Regulations for the half year ended March 31st, 2026.
The disclosure was signed by Somya Chaurasia, Company Secretary & Compliance Officer, on behalf of Auto Pins (India) Limited on May 28, 2026, and was addressed to BSE Limited.