Please find attached Letter for Non Applicability of Regulation 23(9) of SEBI LODR Regulation 2015
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Brijlaxmi Leasing & Finance Ltd has informed BSE that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to it. This regulation requires listed companies to disclose related party transactions on a half-yearly basis. The company qualifies for exemption because its paid-up equity share capital does not exceed Rs. 10 crores and its net worth does not exceed Rs. 25 crores as on March 31, 2025, placing it within the relaxation provided under Regulation 15(2) of SEBI LODR. Consequently, the company is not required to submit related party transactions disclosure for the financial year ended March 2025. The letter was signed by Siddharth Chaturvedi, Managing Director and CFO.
This is a routine compliance communication that confirms the company qualifies as a small-cap listed entity and is exempt from mandatory related party transaction disclosures. There is no material impact on shareholders or stock price, though it does signal that the company remains small in terms of capital base and net worth.