Kusam Electrical Industries Limited has submitted a formal disclosure to the Bombay Stock Exchange (BSE) regarding the non-applicability of certain SEBI Listing Regulations provisions.
The company declares that pursuant to Regulation 15(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, compliance with corporate governance provisions including Regulation 23(9) does not apply to the company.
This exemption applies because the company meets the criteria for smaller entities: having paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as on the last day of the previous financial year.
Specifically, Kusam Electrical Industries Limited has:
- Paid-up Equity Share Capital: ₹24,00,000 (₹24 lakh)
- Net Worth: ₹4,01,52,910 (₹4.02 crore)
- As on: 31st March 2026
These figures are below the thresholds specified in Regulation 15(2), making Regulation 23(9) regarding related party transaction disclosures not applicable to the company.
The disclosure is signed by Ankita Nahata, Company Secretary & Compliance Officer (ICSI Membership Number: A79563), and digitally signed on November 13, 2026, at 18:13:38 IST.
The company requests the Bombay Stock Exchange to take this declaration on record.
Financial Impact
No financial impact disclosed. This is a regulatory compliance status declaration.