Non Applicability of Regulation 23(9) of SEBI(LODR) Regulations,2015 regarding disclosure on Related Party Transactions for the Year Ended March 31,2026
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Aditya Ispat Ltd has informed BSE that it is exempt from Regulation 23(9) of SEBI LODR Regulations, which requires disclosure of Related Party Transactions. The exemption applies because the company's paid-up equity share capital and net worth are below SEBI's threshold limits under Regulation 15(2), making corporate governance rules non-applicable. A Net Worth Certificate from Chartered Accountants Dagliya & Co confirms the company's net worth has turned negative at Rs -75.58 lakh as of March 31, 2026, down from Rs 7.80 crore in FY2024-25. The company's paid-up share capital remains constant at Rs 5.35 crore. The filing also reveals a concerning trend of continuous decline in net worth over four years, dropping from Rs 10.77 crore in FY2022-23 to negative in FY2025-26.
Shareholders should note that the company is in financial distress with negative net worth as of March 2026. The exemption from related party transaction disclosures limits transparency into potential related party dealings. The continuous erosion of net worth over four years signals significant deterioration in the company's financial health.