Prashant India Ltd has submitted a regulatory disclosure to BSE Limited stating that the provisions of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding disclosures of Related Party Transactions do not apply to the company for the half year ended 31st March 2026.
The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which states that corporate governance provisions (specifically 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) do not apply to listed entities with:
- Paid-up equity share capital not exceeding ₹10 crore
- Net worth not exceeding ₹25 crore
These thresholds are measured as of the last day of the previous financial year. The company states that it falls within this exemption ambit based on these criteria.
The letter is signed by Swati Joshi, Company Secretary & Compliance Officer (Membership No.: A65736), on behalf of Prashant India Ltd, which has its registered office at 4th Floor Office-407, Union Trade Centre, Udhana Darwaja, Nodh- 2107-2111, B/S Apple Hospital, Surat-395002, Gujarat, India.