Modern Shares and Stock Brokers Limited has submitted a regulatory disclosure to BSE Limited regarding the non-applicability of certain SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.
The company references Regulation 15(2) of SEBI (LODR) Regulations, 2015, which states that compliance with corporate governance provisions (specifically Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V) does not apply to 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.
According to the company's latest audited accounts as of March 31, 2026:
- Paid-up equity share capital: ₹2,93,11,250 (Rupees Two Crores Ninety Three Lakhs Eleven Thousand Two Hundred and Fifty only)
- Net worth: ₹12,15,81,665 (Rupees Twelve Crores Fifteen Lakhs Eighty One Thousand Six Hundred Sixty Five only)
Both figures are below the threshold limits specified under Regulation 15(2). Consequently, Regulation 23(9) of the SEBI (LODR) Regulations, 2015, as amended, is not applicable to the company.
The company concludes that it is not required to submit "Disclosure of Related Party Transactions for the quarter and half year ended September 30, 2026" as required under Regulation 23(9) of the SEBI (LODR) Regulations, 2015.
The disclosure is signed by Anil Sugno Manghnani (DIN: 00012806), Whole Time Director of Modern Shares and Stock Brokers Limited, and bears reference number MSSL/028/2026-2027.