Non-applicability of Regulation 23(9) related party transaction disclosure, company tells BSE
Company has informed BSE that Regulation 23(9) of SEBI LODR does not apply to it, as its paid-up equity capital of Rs. 199.20 Lakhs and net worth of negative Rs. 1031.69 Lakhs (as at March 31.
- Paid-up Equity Capital
- Rs. 199.20 Lakhs
- Net Worth (as at March 31, 2026)
- negative Rs. 1031.69 Lakhs
- Applicability Thresholds
- Rs. 10.00 Crores paid-up capital and Rs. 25.00 Crores net worth
What the update says
The company has informed BSE that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to it. That regulation requires a listed company to submit a "Disclosure of Related Party Transactions" on the date of publication of its standalone and consolidated financial results for the half year.
The rule and its thresholds
As stated in the letter, under Regulation 15(2)(a), Regulation 23(9) applies only to listed entities whose:
- equity paid-up capital exceeds Rs. 10.00 Crores, and
- net worth exceeds Rs. 25.00 Crores.
The company's own figures
As at March 31, 2026, based on the latest audited balance sheet
- Paid-up equity capital: Rs. 199.20 Lakhs
- Net worth: negative Rs. 1031.69 Lakhs
The letter states that these do not exceed the above threshold limits, and that the company is therefore not required to submit the related party transaction disclosure. The company has requested BSE to take the intimation on record.
How to read this
- The letter is about which disclosure obligation applies to the company; it does not relate to business performance, orders or contracts.
- The figures used are from the audited balance sheet as at March 31, 2026, so they are also a data point on the company's paid-up capital and net worth on that date.
- Because the company states it is below the specified thresholds, it will not be update the related party transaction disclosure along with its half-yearly results.
More numbers
- Paid-up equity capital as at March 31, 2026Rs. 199.20 Lakhs
- Net worth as at March 31, 2026negative (Rs. 1031.69 Lakhs)
- Paid-up capital threshold for Regulation 23(9)Rs. 10.00 Crores
- Net worth threshold for Regulation 23(9)Rs. 25.00 Crores
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