IITL Projects Limited has submitted a formal communication to BSE Limited regarding the non-applicability of disclosure requirements for related party transactions. The company cites Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which exempts listed entities 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 from certain corporate governance provisions.
Specifically, the exemption applies to Regulation 23 requirements for the half-year ended September 30, 2026. The company confirms that as of March 31, 2026 (the last day of the previous financial year), its paid-up equity share capital was below ₹10 crore and its net worth was below ₹25 crore, qualifying it for this exemption.
Financial Metrics (as of March 31, 2026)
- Paid-up Equity Share Capital: Below ₹10 crore
- Net Worth: Below ₹25 crore
Period of Exemption
Half-year ended September 30, 2026