NON APPLICABILTY OF REG 23 OF SEBI(LODR) 2015 -RELATED PARTY TRANSACTION FOR MARCH 31ST 2026
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Abram Food Ltd, listed on BSE SME platform (scrip code 544422), has informed BSE that disclosure requirements under Regulation 23(9) of SEBI (LODR) 2015 regarding Related Party Transactions are not applicable to the company. This exemption applies because the company qualifies as an SME-listed entity with paid-up capital of Rs. 3.73 crore and net worth of Rs. 8.43 crore as of March 2025, both below the Rs. 10 crore and Rs. 25 crore thresholds respectively. A certificate from Practicing Company Secretary Nitin Bhardwaj & Associates dated April 29, 2026 confirms this status. The company's paid-up capital grew from Rs. 24.10 lakh in FY 2022-23 to Rs. 3.73 crore in FY 2024-25, while net worth grew from Rs. 3.13 crore to Rs. 8.43 crore over the same period.
This is a routine compliance filing confirming the company qualifies for SME exemptions. No immediate impact on shareholders, but investors should note the company is not required to make detailed related party transaction disclosures, which limits transparency compared to main board listed companies.