NON- APPLICABILITY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS, 2015 REGARDING SUBMISSION OF DISCLOSURES OF RELATED PARTY TRANSACTIONS
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Ascensive Educare Ltd (Scrip Code: 543443) 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. This exemption is because the company is listed on the SME Exchange and falls under Clause (b) of Regulation 15(2), which exempts SME-listed entities from several corporate governance provisions. No related party transaction disclosures need to be submitted for the half year and year ended March 31, 2025.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply confirms the company's SME-listed status exempts it from a specific disclosure requirement, meaning investors will not receive separate related party transaction disclosures for this period.