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Awaiting price reaction for this filing.
Ghushine Fintrrade Ocean Ltd has informed the BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which deals with disclosure of related party transactions, does not apply to the company for the financial year ended 31st March 2025. The exemption is claimed under Regulation 15(2) because the company either has paid-up equity capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore, or is listed on the SME platform. The company is registered in Surat, Gujarat, and the letter is signed by the Managing Director cum CFO.
This is a routine compliance clarification with no material impact on shareholders or stock price. It simply confirms the company is exempt from disclosing related party transactions, likely due to its small size or SME listing status.