Mayur Floorings Limited has submitted a formal communication to the Bombay Stock Exchange (BSE) regarding the non-applicability of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the company.
The disclosure states that the provisions of Regulation 23(9), which pertains to submission of related party transactions disclosure, are not applicable to Mayur Floorings Limited. This exemption is claimed under Regulation 15(2)(b) of the SEBI (LODR) Regulations, 2015.
The basis for this exemption is that the company falls under the criteria specified in Regulation 15(2) for listed 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.
The document specifically references that compliance with corporate governance provisions including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and certain clauses of regulation 46 and Schedule V shall not apply to entities meeting these size criteria.
Financial Impact
No direct financial impact is quantified in this disclosure. The filing represents a regulatory compliance status update rather than a financial transaction or operational event.