Related party transaction disclosure under Regulation 23(9) not applicable for half-year ended September 30, 2026
Adline Chem Lab has told BSE that the half-yearly related party transaction disclosure under Regulation 23(9) does not apply to it for the half-year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Paid-up Equity Share Capital
- Rs. 5,85,00,000
- Net Worth
- Rs. (-1,77,44,000)
- Threshold Test Date
- 31st March, 2026
What the company told the exchange
Adline Chem Lab has written to BSE stating that the requirement to submit the Disclosure of Related Party Transactions under Regulation 23(9) of SEBI (LODR) Regulations, 2015 is not applicable to the company for the half-year ended September 30, 2026. The letter is signed by Managing Director Vrushank Balkrushna Patel.
The exemption it relies on
- Regulation 15(2)(a) of Chapter IV says the specified corporate governance provisions, including Regulation 23, do not apply to a listed entity whose paid-up equity share capital is not more than Rs. 10,00,00,000 and whose net worth is not more than Rs. 25,00,00,000, tested on the last day of the previous financial year.
- Paid-up equity share capital: Rs. 5,85,00,000 (Rupees Five Crores Eighty-Five Lakhs), against the Rs. 10,00,00,000 ceiling.
- Net worth: Rs. (-1,77,44,000) (Negative Rupees One Crore Seventy-Seven Lakhs Forty-Four Thousand), against the Rs. 25,00,00,000 ceiling.
- Both figures are stated as on the last day of the previous financial year, 31st March, 2026.
How to read this
- This is a letter about whether a disclosure has to be shared at all, not a report of related party transactions. The figures it carries are the two eligibility tests: share capital and net worth.
- The net worth printed in the letter is negative, at Rs. (-1,77,44,000), as stated by the company itself.
- The ceiling amounts in the regulation are printed alongside the company's own figures, so a reader can see the headroom: paid-up capital at Rs. 5,85,00,000 sits about Rs. 4,15,00,000 below the Rs. 10,00,00,000 threshold by simple subtraction of the stated numbers.
What it means for a retail investor
The letter confirms the company falls in the smaller-listed-entity category for which the Regulation 23(9) related party transaction disclosure is not mandatory for this half-year. It also places the company's net worth, as stated by the company, in negative territory as on 31st March, 2026.
More numbers
- Paid-up equity share capitalRs. 5,85,00,000
- Net worth as on 31st March, 2026Rs. (-1,77,44,000)
- Paid-up capital ceiling under Regulation 15(2)(a)Rs. 10,00,00,000
- Net worth ceiling under Regulation 15(2)(a)Rs. 25,00,00,000
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