Smart Finsec Limited submitted a regulatory disclosure to BSE Limited regarding the non-applicability of related party transaction disclosure requirements under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
The company invoked Regulation 15(2) of SEBI LODR Regulations 2015, which exempts listed entities from certain corporate governance provisions, including Regulation 23 (Related Party Transactions), if they meet specific size criteria. The exemption applies to companies 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.
As of March 31, 2026, Smart Finsec Limited reported:
- Paid-up equity share capital: ₹3 crore
- Net worth: ₹16.67 crore
Both figures are below the exemption thresholds specified in Regulation 15(2). Consequently, the company concluded that it is not required to submit disclosures of related party transactions under Regulation 23 of SEBI LODR Regulations.
The disclosure was signed by Rajvinder Kaur, Company Secretary and Compliance Officer, and digitally dated November 13, 2026.