Valley Magnesite Co. Ltd submitted a formal disclosure to BSE Ltd and The Calcutta Stock Exchange Ltd regarding the non-applicability of SEBI Regulation 23(9) of the Listing Obligations and Disclosure Requirements Regulations, 2015.
The company certified that as of March 31, 2026, its paid-up equity share capital stood at ₹1.05 crore (One Crore and Five Lakhs), which is below the ₹10.00 crore threshold specified in the regulation. Additionally, the company's net worth as of March 31, 2026 was ₹9.32 crore (Nine Crores and Thirty Two Lakhs), below the ₹25.00 crore requirement.
Due to both capital and net worth being below the prescribed limits, the company is exempt from submitting disclosures of related party transactions as required under Regulation 23(9) of SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2026.
The disclosure was signed by Arun Kumar Agarwalla, Managing Director (DIN: 00607272), and sent from the company's registered office at A402, Mangalam, 24/26, Hemanta Basu Sarani, Kolkata-700 001.
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