Nilkanth Engineering Limited has submitted a formal communication to BSE Limited regarding the non-applicability of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulation 23(9) requires listed companies to submit "Disclosure of the Related Party Transactions" on the date of publication of its standalone and consolidated financial results for the half year. However, the company cites Regulation 15(2)(a) which states that Regulation 23(9) is applicable only to listed entities having equity paid-up capital exceeding ₹10.00 crores and net worth exceeding ₹25.00 crores.
The company's financial position as of March 31, 2026 (based on the latest audited balance sheet) shows:
- Paid-up Equity Capital: ₹124.50 lakhs (₹1.245 crores)
- Net Worth: Negative ₹303.88 lakhs (Negative ₹3.0388 crores)
Both figures fall below the regulatory threshold limits specified in Regulation 15(2)(a). Consequently, the company is not required to submit the Disclosure of Related Party Transactions as mandated by Regulation 23(9).
The company has requested BSE Limited to take this communication on record. The letter was signed by G. M. Loyalka, Director (DIN: 00299416), on behalf of Nilkanth Engineering Limited.