Non-Applicability of Disclosure of Related Party Transactions
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Avax Apparels and Ornaments Ltd, an SME-listed company on BSE (Scrip Code: 544337), has filed a disclosure stating it is not required to submit Related Party Transaction disclosures under SEBI Regulation 23(9) for the half year and year ended March 31, 2026. The exemption applies because the company is listed on the SME Exchange and does not exceed the thresholds specified under Regulation 15(2)(b) — paid-up equity share capital exceeding Rs 10 crore or net worth exceeding Rs 25 crore. A certificate from CA firm NKSC & Co. confirms the company's financials: Paid-up capital remained flat at Rs 1.04 crore across FY25 and FY26, while net worth grew from Rs 3.15 crore (FY24) to Rs 6.61 crore (FY25) and Rs 9.58 crore (FY26).
No immediate shareholder impact — this is a routine regulatory compliance filing confirming that smaller disclosure requirements apply to the company as an SME-listed entity. The company remains below mandatory thresholds for enhanced related party transaction disclosures.