NDA Securities Limited has submitted a regulatory disclosure to BSE Limited regarding the non-applicability of Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended September 30, 2026.
The company cites SEBI Regulation 15(2), which exempts listed entities from certain corporate governance provisions (including regulations 17-27 and specific clauses of regulation 46 and Schedule V) if they meet specific size criteria. The exemption applies to companies 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.
NDA Securities Limited confirms that as of March 31, 2023 (the last day of the previous financial year), both conditions are met: paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore.
Consequently, compliance with Regulation 23 is not applicable to the company. The disclosure is signed by Kajal Goel, Managing Director (DIN: 10634514), and was digitally signed on November 13, 2026.