Non-Applicability of Disclosure of Related Party Transaction for the half year and year ended 31st March , 2025
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Avax Apparels and Ornaments Ltd has informed BSE that disclosure of related party transactions under SEBI Regulation 23(9) is not applicable to the company for the period ended March 31, 2025. The company is listed on the SME Exchange, and under Regulation 15(2), companies on the SME platform are exempt from this requirement unless they cross certain size thresholds. The company confirms that its paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore, both as on the last day of the previous financial year. Therefore, no related party transaction disclosure is required for this period.
This is a routine negative disclosure confirming that no related party transaction reporting is mandatory for the company. There is no material impact on shareholders or the stock price as no transactions are being reported or highlighted.