Non-Applicability of Regulation 23(9) of the SEBI (LODR) 2015 - Disclosure of Related Party Transaction for the Half year ended 31st March, 2025
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Asia Pack Ltd has informed BSE that it is exempt from disclosing related party transactions under Regulation 23(9) of SEBI (LODR) for the half year ended 31st March, 2025. The exemption applies because the company's paid-up equity share capital stood at Rs. 2.73 crore and its net worth at Rs. 8.04 crore as on 31st March, 2024, both of which are below the thresholds of Rs. 10 crore and Rs. 25 crore respectively prescribed under Regulation 15(2)(a). As a result, the company qualifies as a small-cap listed entity that is not required to make this specific disclosure. The communication was signed by Lakshit Samar, Company Secretary and Compliance Officer, on 22nd May 2025.
This is a routine compliance filing and carries no material impact on shareholders or the stock price. Investors should note that Asia Pack is a very small listed entity (paid-up capital under Rs. 3 crore) and therefore does not have to publicly disclose its related party transactions, which means less visibility on dealings with promoters or connected entities compared to larger listed companies.