Shikhar Consultants Ltd has formally communicated to BSE Limited that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company. This regulation pertains to the disclosure of Related Party Transactions.
The non-applicability is based on the company's financial metrics falling below the prescribed thresholds under Regulation 15(2) of the Listing Regulations. Specifically, as of March 31, 2026:
- Paid-up Equity Share Capital: ₹4,53,55,000 (₹4.54 crore)
- Net Worth: ₹1,71,89,339 (₹1.72 crore)
These figures are below the regulatory thresholds of ₹10 crore for paid-up equity share capital and ₹25 crore for net worth.
As a result of this exemption, the company is not required to submit disclosures of Related Party Transactions for the half year ended September 30, 2026.
The communication was digitally signed by Rajesh Shrinivas Daga, Whole-time Director (DIN: 03249957), on November 14, 2026, at 20:30:17 IST.