Company declares that Regulation 23(9) of SEBI(LODR) Regulations, 2015 is not applicable on it for financial year 2024-25 as it is covered under exemption given under Regulation 15(2) of ....
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Awaiting price reaction for this filing.
GDL Leasing & Finance Ltd has informed the BSE that it is not required to submit half-yearly reports on Related Party Transactions for the period ended 31st March 2025. The company claims exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which applies to listed entities with paid-up equity capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore. As of the last day of the previous financial year, the company's paid-up capital was ₹3.01 crore and net worth was ₹3.30 crore, both well below the prescribed thresholds. The filing was signed by Managing Director Prem Kumar Jain on 5th May 2025. The company has committed to complying with the regulation if it becomes applicable in the future.
This is a routine compliance notification confirming the company's small-cap status. For shareholders, it means less transparency on related party dealings for now, but the exemption is standard for micro/small listed entities and has no direct bearing on stock price or business performance.