Non-applicability of Reg. 52(4) & 52(6) of SEBI LODR intimated to the exchange
Company has informed BSE that two SEBI LODR disclosures don't apply to it.
- Reg. 52(4) Applicability
- Not applicable — no non-convertible debt or preference shares issued
- Reg. 52(6) Applicability
- Not applicable — no non-convertible redeemable preference shares issued
- Update Type
- Intimation to BSE regarding non-applicability of SEBI LODR Reg. 52(4) & 52(6)
What the company told the exchange
The company has written to the Bombay Stock Exchange stating that two specific continuing-disclosure requirements under the SEBI (LODR) Regulations, 2015 do not apply to it.
- Regulation 52(4): the company says it has not issued non-convertible debt or preference shares, so the requirement relating to disclosure of ratios is not applicable.
- Regulation 52(6): the company says it has not issued non-convertible redeemable preference shares, so this regulation is not applicable either.
What this communication is about
Regulation 52 of the LODR Regulations deals with periodic disclosures for listed companies that have listed non-convertible debt securities or non-convertible redeemable preference shares. Where a company states it has not issued such instruments, the corresponding disclosure obligations do not apply to it — which is what this letter conveys.
What the letter asks for
The company has requested the exchange to place the same on its record and acknowledge it. The communication is signed by the Company Secretary & Compliance Officer of the company.
What it is not
- It is not an announcement of a new issue of debt or preference shares.
- It is not a transaction, fund raise, or change in the company's share capital.
- It is an intimation about which disclosure requirements apply to the company.
How a retail investor may read it
This is a compliance communication stating that certain debt-related disclosure requirements are not applicable because the relevant instruments have not been issued. It does not by itself change anything about the company's equity shares.
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