ISISF526859Routine SEBI update

Reg 23 related party transaction disclosures not applicable to company, tells BSE

The company has informed BSE that Regulation 23 of SEBI (LODR) Regulations, 2015 — the rule on related party transactions — does not apply to it.

By ScoutQuest · Fri 23 Oct 2026, 8:50 PM IST · 2 min read

Paid-up Equity Share Capital

INR 9,50,00,000

Net Worth

INR 11,75,72,000.00

Reference Date

last day of the previous financial year 2025-2026

What the company told the exchange

ISF Ltd has informed BSE that Regulation 23 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 is not applicable to it. Regulation 23 deals with related party transactions, that is, transactions between a listed company and its own related parties such as promoters, group companies and other connected entities.

Why it says the rule does not apply

The company has relied on Regulation 15(2), which gives a size-based relaxation. Its stated numbers as on the last day of the previous financial year 2025-2026:

• Paid-up equity share capital: INR 9,50,00,000
• Net worth: INR 11,75,72,000.00

The relaxation in Regulation 15(2) applies to a listed entity whose paid-up equity share capital does not exceed rupees ten crore and whose net worth does not exceed rupees twenty-five crore, measured on the last day of the previous financial year. On the company's own figures, both are within those limits.

What follows from this

The company states that it is therefore not required to submit the related party transaction disclosures that Regulation 23(9) requires. In plain terms, the periodic related party transaction disclosure called for by that regulation will not be shared by the company.

This is not a permanent position

The text of Regulation 15(2) quoted by the company notes that if these corporate governance provisions become applicable to a listed entity at a later date, it must comply within six months from that date. It also says that once these provisions become applicable, they continue to apply until the equity share capital and net worth reduce and remain below the specified thresholds for three consecutive financial years. Since the test is done on the last day of the previous financial year, a rise in either paid-up capital or net worth can bring the provisions back.

How a reader can look at it

This is a disclosure about which rules apply to the company, not about any specific transaction or event. The practical takeaway is that the company has placed on record its capital and net worth figures and its reading that the related party transaction disclosure requirement under Regulation 23(9) does not bind it for this financial year.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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