Raideep Industries Limited disclosed the outcome of its Board of Directors meeting held on May 28, 2026 (from 3:00 PM to 7:24 PM). The Board approved and took on record a Certificate of Non-Applicability of Disclosure of Related Party Transactions on a consolidated basis as required under Regulation 23(9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 for the half year ended March 31, 2026.
The exemption is based on Regulation 15(2) of SEBI LODR Regulations 2015, which exempts companies with paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last date of the previous financial year from certain compliance requirements.
As per the last audited balance sheet dated March 31, 2026:
- Paid-up Capital: ₹550.80 lakhs (₹5.508 crore)
- Net Worth: ₹996.24 lakhs (₹9.9624 crore)
Both figures are below the stipulated thresholds of ₹10 crore for paid-up capital and ₹25 crore for net worth. Consequently, the company is not obligated to file Disclosure on Related Party Transactions on a consolidated basis for the half year ended March 31, 2026.
The disclosure was signed by Rai Sahib Bhalla, Managing Director (DIN: 01582498), and addressed to both BSE Limited and The Calcutta Stock Exchange Ltd.