Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 regarding Submission of Disclosures of Related Party Transaction for the Half Year ended on September 30, 2025
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Ascensive Educare Ltd has informed BSE that it is not required to submit half-yearly related party transaction (RPT) disclosures under SEBI's Listing Regulations for the period ended September 30, 2025. The company qualifies for this exemption because it is listed on the BSE SME (Startups) platform and, as of the last financial year (FY25), had a paid-up equity share capital of about Rs. 4.59 crore and a net worth of about Rs. 15.58 crore — both below the Rs. 10 crore and Rs. 25 crore thresholds specified under Regulation 15(2)(b). The confirmation is supported by a certificate from Practicing Company Secretaries HM & Associates, verifying the capital and net worth figures for FY23, FY24, and FY25. The letter is signed by Whole Time Director & CEO Abhijit Chatterjee, dated October 16, 2025.
This is a routine compliance intimation with no material impact on shareholders or the stock price — it simply confirms the company is exempt from a specific disclosure requirement due to its small size and SME listing status.