Non-Applicability of Regulation 23(9) of SEBI LODR for the Half year ended on 31.03.2025
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Axel Polymers Ltd has informed the BSE that Regulation 23(9) of SEBI LODR, which requires disclosure of related party transactions on a consolidated basis, does not apply to the company for the half year ended 31.03.2025. The company qualifies for this exemption because its paid-up equity share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore as on 31.03.2024. Additionally, the company does not have any holding, subsidiary, or associate companies. As a result, Axel Polymers is not required to submit consolidated related party transaction disclosures to the exchange. The filing was made by Ashish Chaudhary, Company Secretary and Compliance Officer, on 29.05.2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms the company's small-cap status qualifies it for reduced disclosure requirements under SEBI LODR norms.