Non applicability of Disclosure of Related party Transantions as per Regulation 23 of SEBI LODR, 2015.
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Awaiting price reaction for this filing.
The company has informed the Bombay Stock Exchange that the disclosure of Related Party Transactions under Regulation 23(9) of SEBI LODR is not applicable to it. This exemption applies because the company's equity shares are listed on the BSE SME Exchange, and under Regulation 15(2) of SEBI LODR, SME-listed entities are not required to submit such disclosures. The communication is signed by Chairman & Managing Director Nipun Anantlal Bhagat (DIN: 00065495), and the scrip code mentioned is 544170. The company was formerly known as Sai Swami Metals and Alloys Ltd (CIN: L27320GJ2022PLC135697).
This is a routine compliance communication and has no material impact on shareholders or the stock price. It simply confirms the company is exempt from filing related party transaction disclosures due to its SME listing status.