Kajal Synthetics Exempt from SEBI Related Party Disclosure

Company Disclosure

Kajal Synthetics and Silk Mills Ltd (Scrip Code: 512147) has submitted a formal communication to BSE Limited regarding the non-applicability of SEBI Regulation 23(9) for related party transaction disclosures.

Basis for Exemption

The company cites Regulation 15(2)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which states that Regulation 23(9) is applicable only to listed entities having:

• Equity paid-up capital exceeding ₹10.00 crores
• Net worth exceeding ₹25.00 crores

Company Financial Position

As per the latest audited balance sheet dated March 31, 2026:

• Paid-up Equity Capital: ₹199.20 lakhs (₹1.992 crores)
• Net Worth: Negative ₹1031.69 lakhs (negative ₹10.3169 crores)

Conclusion

Both financial metrics fall below the regulatory threshold limits, making the company exempt from the requirement to submit "Disclosure of Related Party Transactions" as per Regulation 23(9).