Non- applicability of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Classic Leasing & Finance Ltd has informed stock exchanges that Regulation 23(9) of SEBI LODR Regulations is not applicable to the company. Under Regulation 15(2), the firm is exempt from several compliance provisions including those related to corporate governance. As a result, the company is not required to submit the disclosure of related party transactions for the half year ended 31st March 2025. The filing is addressed to both BSE (Scrip Code: 540481) and Calcutta Stock Exchange (Scrip Code: 13099). The letter is signed by Managing Director Chandra Shekhar Sony on 29th May 2025.
This is a procedural compliance filing with no material impact on shareholders or the stock price. It simply confirms the company meets exemption criteria (likely due to its small size or net worth thresholds) and is not obligated to disclose related party transactions for the period.