Company says related party disclosure rules do not apply to it under SME listing exemption
Shivchem Agro has told BSE that Regulation 23(9) related party disclosure does not apply to it.
By ScoutQuest · · 1 min read
Non-applicability of related party disclosure rules
Shivchem Agro Limited has informed BSE that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 does not apply to it, and that it is not required to submit the related party disclosure required under Regulation 23. The company has relied on the exemption provided under Regulation 15(2)(b).
What the exemption covers
- A listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year.
- A listed entity which has listed its specified securities on the SME Exchange.
Why the company says it qualifies
- The company states that it is listed on the SME Exchange, and therefore Regulation 23(9) is not applicable to it.
What this means for investors
- This is a declaration about which disclosure requirement applies to the company, on the basis of the exemption route it has cited.
- The company adds that it will continue to comply with all other required listing compliances.
- The letter is signed by Rohit Agarwal, Chairman & Executive Director.
Point to note: the communication is a compliance declaration regarding the applicability of a specific disclosure requirement. It does not set out any business, operational or financial change for the company.
Also from Shivchem Agro
Annual Secretarial Compliance Report declared not applicable to the company under SEBI LODR exemption
16 Oct 2026
Non-applicability certificate for corporate governance provisions under Regulation 15(2)(b)
16 Oct 2026
Board approves shifting of registered office within Delhi, effective October 08, 2026
8 Oct 2026
More numbers
- Exemption threshold - paid up equity share capital not exceedingrupees ten crore
- Exemption threshold - net worth not exceedingrupees twenty-five crore
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