Regulatory Basis for Exemption
The exemption is claimed under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation states that compliance with numerous provisions (Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and clauses (b) to (i) of sub-regulation 46, and Para D and E of Schedule V) shall not apply to listed entities that meet specific financial thresholds.
Financial Thresholds Met
As on the last day of the previous financial year:
- Paid-up Equity Share Capital: Not exceeding ₹1.0 Crore
- Net Worth: Not exceeding ₹25 Crores
These financial parameters qualify RAP Corp Limited for the exemption from submitting Related Party Transactions disclosures.
Formal Request
The company requests that BSE Limited take this notification on record.