Regulatory Basis for Exemption
The company cites Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts listed entities from compliance with corporate governance provisions (including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and specific clauses of Regulation 46 and Schedule V) if they meet certain 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.
Financial Position Justifying Exemption
As per the last audited financial statements as on March 31, 2026:
- Paid Up Equity Share Capital: ₹3,40,00,000 (Rupees Three Crore Forty Lakhs Only)
- Net Worth: ₹22,82,69,718 (Rupees Twenty-Two Crores Eighty-Two Lakhs Sixty-Nine Thousand Seven Hundred and Eighteen Only)
Both figures are below the prescribed limits under Regulation 15 of SEBI (LODR) Regulations, 2015.
Conclusion and Undertaking
Since the company falls within the exemption criteria, Regulation 15(2) and specifically Regulation 23(9) are not applicable. The company is therefore not required to submit the disclosure of Related Party Transactions for the half year ended September 30, 2026.
The company undertakes that whenever these regulations become applicable at a later date, it will comply with the requirements within six months from the date the provisions become applicable.
Company Identification Details
- GSTIN: 33AAACV8490Q1ZL
- CIN No: L25200TN1985PLC011622
- Tel: +91 90030 48825
- Address: Chengalpet. Dist. - 603209. India