Disclosure regarding non applicability of Regulation 23 of LODR
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Cargotrans Maritime Limited has informed BSE that it is not required to submit the half-yearly Related Party Transaction disclosure under Regulation 23(9) of SEBI LODR for the period ended 31 March 2025. The company explains that as it is listed on the BSE SME exchange, the corporate governance compliance requirements (including Regulation 23) do not apply to it under Regulation 15 of SEBI LODR. The letter is signed by Director Edwin Alexander and dated 28 May 2025. This is a routine regulatory clarification from the company and does not involve any financial numbers, transaction, or change in business.
No impact on shareholders or the stock price — this is a standard compliance filing confirming that a specific disclosure requirement does not apply because the company trades on the SME platform. Investors should not read any positive or negative signal into it.