Regulatory Basis for Exemption

The company cites Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts listed entities from corporate governance provisions specified in Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of Sub-regulation (2) of Regulation 46 and para-C, D and E of Schedule V when:

  • Paid-up equity share capital does not exceed ₹10 crore
  • Net worth does not exceed ₹25 crore
  • As of the last day of the previous financial year

Company Qualification

Prashant India Limited confirms it falls within the exemption criteria based on its financial parameters.

Specific Exemption Claimed

The company states it is not required to submit disclosures of Related Party Transactions under Regulation 23(9) of SEBI (LODR) Regulations, 2015 for the half year ended 30th September, 2026.

Financial Impact

No financial impact quantified in the disclosure. The filing represents a regulatory compliance status update rather than a financial transaction.