Elango Industries Limited has submitted a regulatory disclosure to The BSE Limited regarding the non-applicability of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulation 23(9) for the financial year ended 31st March, 2026.
The disclosure states that pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 2015, the company is exempt from compliance with corporate governance provisions including Regulation 23(9) related to related party transaction disclosures.
The exemption applies under category (a) of Regulation 15(2), which covers listed entities having:
- Paid-up equity share capital not exceeding ₹10 crores
- Net worth not exceeding ₹25 crores
As of the last day of the previous financial year (31st March, 2025), Elango Industries meets both criteria, with paid-up equity share capital below ₹10 crores and net worth below ₹25 crores.
Consequently, the company is not required to submit related party transactions disclosures as mandated under Regulation 23(9) of SEBI (LODR) Regulations, 2015.
The company has formally requested The BSE Limited to take this declaration on record.
The communication was signed by Nitesh Kumar Sharma, Company Secretary, on behalf of Elango Industries Limited.