Non Applicability of RPT for the Half year /Year ended 31st March2025
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Awaiting price reaction for this filing.
Delta Industrial Resources Ltd has told the stock exchanges (BSE and MSEI) that it does not need to file the mandatory disclosure of Related Party Transactions (RPT) for the half year ended 31st March 2025. Under SEBI's LODR Regulation 15(2), companies whose paid-up equity capital is below Rs. 10 crore and whose net worth is below Rs. 25 crore are exempt from several corporate governance rules, including the RPT disclosure rule under Regulation 23(9). The company falls below both these thresholds, so the rule does not apply to it. Additionally, the company noted that the XBRL Excel Utility was not available on the BSE Listing Portal as of 15th April 2025, which would have prevented XBRL-mode filing anyway. The letter is signed by Managing Director Lily Mundu (DIN: 10118884).
This is a routine compliance clarification and has no material impact on shareholders or the stock price. It merely confirms that the company is too small to be subject to mandatory half-yearly RPT disclosure requirements.