Shivamshree Businesses Limited has submitted a formal disclosure to BSE Limited regarding the non-applicability of specific SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.
The company certifies that Regulation 23(9) of SEBI (LODR) Regulations, 2015, pertaining to the submission of "Disclosures of Related Party Transactions," is not applicable to them for the half-year ended September 30, 2026.
This exemption is based on Regulation 15(2) of SEBI (LODR) Regulations, 2015, which states that corporate governance provisions (including Regulations 17-27, 24A, and specific clauses of Regulation 46 and Schedule V) do not apply to listed entities with paid-up equity 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: ₹7,56,50,000 (₹7.56 crore)
- Net Worth: ₹8,26,89,000 (₹8.27 crore)
Both figures are below the stipulated thresholds of ₹10 crore for paid-up capital and ₹25 crore for net worth, making the company exempt from compliance with Regulation 23(9).
The company has formally requested BSE Limited to take this disclosure on record. The communication was digitally signed by Prafulbhai Parshottambhai Bavishiya, Managing Director (DIN: 01908180), on October 15, 2026.