submission of Non Aplicability of related party transactions specified under reg. 23(9) of SEBI (LODR) 2015 for the year ended on 31.03.2025
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Frontline Corporation Ltd has informed the stock exchanges that the disclosure requirement for related party transactions under Regulation 23(9) of SEBI (LODR) Regulations, 2015 does not apply to the company for the financial year ended 31st March 2025. The exemption is claimed under Regulation 15 of SEBI (LODR), which says certain corporate governance provisions are not applicable to companies whose paid-up share capital and net worth fall below specified thresholds. The company states its paid-up share capital is Rs. 4,97,74,500 and net worth as on 31.03.2025 is Rs. 15,38,86,883, both below the required limits. As a result, the company is not required to file the half-yearly related party transaction statement.
This is a routine compliance filing and is neutral for shareholders. It does not indicate any new related party transactions or governance issues — it simply confirms that the company, being a smaller listed entity, is exempt from this specific disclosure requirement. No material impact on stock price or investor decision-making is expected.