Related party disclosure under Reg 23(9) not applicable as company is listed on BSE SME platform
The company has informed BSE that the half-yearly related party transaction disclosure under Regulation 23(9) of SEBI LODR does not apply to it, as it is listed on the BSE SME platform.
By ScoutQuest · · 2 min read
An intimation about a disclosure that does not apply
The company has written to BSE stating that the related party transaction disclosure required under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to it. The reason given is that the company's specified securities are listed on the BSE SME platform.
What the company cites
- Under Regulation 15(2) of the LODR Regulations, an entity which has listed its specified securities on an SME exchange is exempt from a set of provisions.
- The company lists these as Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26 and 27.
- Also in that list: clause (b) to (i) and (t) of sub-regulation (2) of Regulation 46, and para C, D and E of Schedule V.
- The letter asks BSE to take the same on record.
What this means in simple terms
These provisions are largely the periodic corporate governance and disclosure obligations that apply to mainboard-listed companies. Regulation 23(9) requires listed companies to disclose related party transactions on a half-yearly basis. The company says this does not apply to it for the half year ended on September 30, 2026, because of its SME listing.
A note on the dates
The subject line of the letter refers to the half year ended on September 30, 2024, while the concluding sentence refers to the half year ended on September 30, 2026.
How to read it
- This is an intimation about the applicability of a rule, not a disclosure of transactions or of financial results.
- Investors looking for related party transaction details would normally rely on the company's financial statements and annual report.
- Updates of this type are procedural in nature.
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