Non Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 Regarding Disclosure on Related Party Transactions for the Year Ended March 31,2025.
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Awaiting price reaction for this filing.
Aditya Ispat Ltd has informed BSE that SEBI's Regulation 23(9), which requires listed companies to disclose related party transactions, does not apply to it for FY ended March 31, 2025. The exemption is claimed under Regulation 15(2) because the company's paid-up share capital (Rs. 5.35 crore) and net worth (Rs. 7.80 crore) are below the SEBI threshold for compliance. The company attached a Net Worth Certificate from chartered accountants Dagliya & Co. confirming these figures. Notably, the company's net worth has been declining steadily over the past three years — from Rs. 10.77 crore in FY23 to Rs. 8.55 crore in FY24 and now Rs. 7.80 crore in FY25, a cumulative drop of roughly 28%.
This is a routine compliance filing and has no direct impact on the stock price. However, the steadily shrinking net worth may be a point of concern for investors evaluating the company's long-term financial health.