Non applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Frontline Financial Services Ltd has informed the Bombay Stock Exchange that Regulation 23(9) of SEBI LODR Regulations, 2015 is not applicable to the company. This regulation requires listed entities to disclose related party transactions. The company qualifies for exemption under Regulation 15(2) because its paid-up equity share capital is Rs. 5.90 crore (below the Rs. 10 crore threshold) and its net worth has not exceeded Rs. 25 crore as on the last day of the previous financial year. This is a routine compliance communication filed for the financial year ended 31st March 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is a small-cap entity exempt from certain related party transaction disclosure norms due to its modest size.