Company informs BSE that Regulation 23(9) related party transaction disclosure is not applicable
Co. has told BSE that related party transaction disclosure under Regulation 23(9) is not applicable to it.
- Paid-up Equity Capital
- Rs. 124.50 Lakhs
- Net Worth
- negative (Rs. 303.88 Lakhs)
- Disclosure Thresholds
- Rs. 10.00 Crores paid-up capital and Rs. 25.00 Crores net worth
What the company informed
Nilkanth Engineering Ltd has told BSE (scrip code 512004) that the half-yearly "Disclosure of Related Party Transactions" required under Regulation 23(9) of the SEBI LODR Regulations, 2015 is not applicable to it. The letter is signed by G. M. Loyalka, Director.
Why it says the rule does not apply
- Regulation 23(9) applies only to listed entities having paid-up equity capital exceeding Rs. 10.00 Crores and net worth exceeding Rs. 25.00 Crores.
- As per the latest audited balance sheet, as on March 31, 2026, the company's paid-up equity capital was Rs. 124.50 Lakhs and its net worth was negative at Rs. 303.88 Lakhs.
- Since these figures do not exceed the stated thresholds, the company says it is not required to submit the related party transaction disclosure.
The figures it gave
- Paid-up equity capital: Rs. 124.50 Lakhs
- Net worth: negative Rs. 303.88 Lakhs
- Paid-up capital threshold: Rs. 10.00 Crores
- Net worth threshold: Rs. 25.00 Crores
In simple terms
- Related party transactions are deals between a company and people or businesses connected to it, such as promoters, directors or group firms. Listed companies above certain size limits must disclose such transactions every half year.
- This update is about that disclosure requirement, not about any transaction. The company is telling the exchange that the rule does not apply to it at its present size.
- The net worth stated in the letter is negative as on the date of the latest audited balance sheet, a figure the company itself has given.
More numbers
- Paid-up equity capital as on March 31, 2026Rs. 124.50 Lakhs
- Net worth as on March 31, 2026 (negative)Rs. 303.88 Lakhs
- Paid-up equity 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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