The Ravalgaon Sugar Farm Limited has submitted a regulatory disclosure to the Department of Corporate Services, BSE Limited regarding the non-applicability of specific SEBI Listing Regulations requirements.
Regulatory Basis
The exemption is based on Regulation 15(2) of SEBI LODR Regulations, 2015, which states that corporate governance provisions (Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and specific clauses of Regulation 46 and Schedule V) do not apply to listed entities with paid-up share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year.
Financial Position
As of March 31, 2026:
- Paid-up Equity Share Capital: ₹34,00,000 (₹34 lakh)
- Net Worth: ₹9,77,86,983 (₹9.78 crore)
Both figures are below the specified threshold limits, making the exemption applicable.
Specific Exemption
The company is specifically exempt from compliance with Regulation 23(9), which pertains to the filing of Related Party Transactions for the half year ended September 30, 2026.
Future Compliance Assurance
The company has assured that it will comply with these provisions when they become applicable in the future.
Financial Impact
No immediate financial impact is quantified in this disclosure. The notification represents a regulatory compliance exemption rather than a financial transaction.