S.K. Offset Limited has submitted a certification to BSE Limited regarding the non-applicability of SEBI LODR Regulation 23 provisions related to Related Party Transactions for the quarter and half year ended September 30, 2026.

The certification is based on Regulation 15(2) of SEBI LODR Regulations, which exempts certain corporate governance provisions for listed entities having paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as on the last day of the previous financial year, or entities listed on SME Exchange.

The SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2025 extended Regulation 23 applicability to SME-listed entities exceeding these threshold limits effective April 1, 2025.

Financial Position Analysis

Based on audited financial statements for the previous three financial years:

Paid-up Share Capital:

  • FY 2023-24: ₹1.00 crore (equity) + NIL (preference) = ₹1.00 crore total
  • FY 2024-25: ₹1.25 crore (equity) + NIL (preference) = ₹1.25 crore total
  • FY 2025-26: ₹5.42 crore (equity) + NIL (preference) = ₹5.42 crore total

Net Worth Composition:

  • FY 2023-24: Paid-up Share Capital ₹1.00 crore + Free Reserves Nil + Securities Premium ₹0.20 crore + Reserve and Surplus ₹3.12 crore + Deferred Expenditure Nil = ₹4.32 crore
  • FY 2024-25: Paid-up Share Capital ₹1.25 crore + Free Reserves Nil + Securities Premium ₹1.03 crore + Reserve and Surplus ₹4.84 crore + Deferred Expenditure Nil = ₹7.12 crore
  • FY 2025-26: Paid-up Share Capital ₹5.42 crore + Free Reserves Nil + Securities Premium ₹1.96 crore + Reserve and Surplus ₹12.33 crore + Deferred Expenditure Nil = ₹19.71 crore

The company confirms that both paid-up equity share capital (₹5.42 crore) and net worth (₹19.71 crore) as of March 31, 2026 remain below the SEBI threshold limits of ₹10 crore and ₹25 crore respectively.

Regulatory Conclusion

Accordingly, the provisions of Regulation 23 relating to Related Party Transactions are not applicable to S.K. Offset Limited for the half-year ended September 30, 2026. The company is not required to submit disclosures under Regulation 23(9) for this period.

The certification was signed by Priyanshu Agarwal, Whole-Time Director (DIN: 05337043) and verified by CSA & Associates Company Secretaries (Proprietor M. No.: 73253; C.P. No.: 28088; UDIN: A073253H002081468; Peer Review Certificate No. 6922/2025).