Company Disclosure: Non-Applicability of SEBI LODR Regulation 23(9)
Nature of Disclosure: Formal communication to BSE Limited regarding non-applicability of specific SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.
Regulatory Context: The company cites Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts listed entities with 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) from compliance with corporate governance provisions specified in Regulations 17 through 27 and certain other specified provisions.
Financial Position as of March 31, 2025:
- Paid-up Equity Share Capital: ₹5,00,00,000 (Five Crores)
- Net Worth: ₹3,37,00,000 (Three Crore Thirty Seven Lakh)
Specific Exemption: The company confirms that both metrics are below the prescribed thresholds, making Regulation 23(9) of SEBI (LODR) Regulations, 2015 not applicable. This regulation specifically requires "Disclosure of Related Party Transactions on a consolidated basis for the half year ended March 31, 2026."
Undertaking: The company commits to comply with the requirements of the above regulations within six months from the date they become applicable if the company exceeds the thresholds in the future.