Regulatory Basis for Exemption
The company cites Regulation 15(2) of the SEBI LODR Regulations, which exempts listed entities from certain corporate governance provisions, including Regulation 23, if they meet specific size criteria. The exemption applies to 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.
Company Financials Qualifying for Exemption
As of March 31, 2025, Smart Finsec Limited's paid-up equity share capital is ₹3,00,00,000 (₹3 crore). The company's net worth is ₹15,63,26,580 (approximately ₹15.63 crore). Both figures are below the exemption thresholds specified in Regulation 15(2).
Conclusion and Request
Based on these financial parameters, the company concludes that it is not required to submit disclosures of Related Party Transactions under Regulation 23 of the SEBI LODR Regulations. The filing requests that BSE Limited take this information on record.