Shivchem Agro SEBI LODR Regulation 23 Exemption

Key Regulatory Information

Shivchem Agro Limited has formally declared that the provisions specified under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") do not apply to the company. This exemption is claimed under Regulation 15(2)(b) of the SEBI LODR Regulations.

Exemption Criteria Met

The company qualifies for this exemption based on two specific criteria:

1. Listed entity having paid up equity share capital not exceeding rupees ten crore (₹10 crore)

2. Net worth not exceeding rupees twenty-five crore (₹25 crore)

These financial thresholds are based on the last day of the previous financial year.

Additional Qualification

The company is listed on the SME Exchange, which provides an additional basis for the exemption from Regulation 23(9) of SEBI LODR Regulations.

Specific Exemption Details

The exemption specifically relieves the company from submitting related party disclosures as required under Regulation 23 of the SEBI LODR Regulations, 2015.

Continuing Compliance Obligations

The company confirms that it will continue to comply with all other required listing compliances despite this specific exemption.