Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 Regarding Disclosure of Related Party Transaction for the Half year and Year ended on March 31, 2026.
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Ascensive Educare Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which requires disclosure of related party transactions, does not apply to the company. The exemption applies because the company is listed on the BSE SME Exchange and its paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore, as on the last day of the previous financial year, under Regulation 15(2)(b). The company shared its financial figures for the last three years: paid-up capital was Rs. 3.21 crore (FY23), Rs. 4.09 crore (FY24), and Rs. 4.59 crore (FY25), while net worth was Rs. 7.08 crore, Rs. 11.31 crore, and Rs. 15.58 crore respectively — all well below the thresholds. The filing was signed by Whole Time Director & CEO Abhijit Chatterjee and certified by company secretaries HM & Associates.
This is a routine compliance filing confirming an exemption from related party transaction disclosure norms. It has no direct impact on shareholders or the stock price but indicates that the company still qualifies as a small-cap SME entity, keeping its compliance burden lighter than larger listed companies.