Mahalaxmi Seamless Limited has submitted a formal communication to the Corporate Relationship Department of BSE Limited. The subject of the communication is the non-applicability of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026.
The company cites Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which states that compliance with certain corporate governance provisions (specified in Regulations 17 to 27 and clause (b) to (i) of Sub-Regulation (2) of Regulation 46 and Paras C, D and E of Schedule V) does not apply to two categories of listed entities.
The company confirms it falls under category (a): a listed entity with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore, as on the last day of the previous financial year (March 31, 2025).
As a result of qualifying for this exemption, the company states it is not required to submit the disclosure for Related Party Transactions as mandated under Regulation 23(9) of the SEBI (LODR) Regulations, 2015.
The letter is signed by Vivek Madhaprasad Jalan, Managing Director (DIN: 00114795).