Non Applicability of regulation 23(9) of SEBI LODR 2015
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Concord Control Systems Ltd has informed BSE that Regulation 23(9) of SEBI LODR 2015, which requires listed companies to disclose related party transactions along with their half-yearly financial results, does not apply to the company. The exemption is available because the company is listed on the SME Exchange, and under Regulation 15(2)(b) of SEBI LODR, SME-listed entities are exempt from this disclosure requirement. The declaration covers the half-year ended 31st March 2025. The letter is signed by Puja Gupta, Company Secretary and Compliance Officer, dated May 15, 2025.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply clarifies that the company, being listed on the SME platform, is exempt from a specific disclosure norm — no related party transactions are being disclosed or withheld in any unusual sense.