Non-applicability of Disclosure of Related Party Transactions under Regulation 23 of the SEBI (LODR) Regulations, 2015
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IITL Projects Ltd has informed BSE that it is not required to disclose Related Party Transactions under Regulation 23 of the SEBI (LODR) Regulations, 2015, for the half-year ended September 30, 2025. The exemption is available under Regulation 15(2) for small listed entities whose paid-up equity share capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore as on the last day of the previous financial year. The company states that as on March 31, 2025, its paid-up capital was below Rs. 10 crore and its net worth was below Rs. 25 crore, placing it within the exempt category. The letter was signed by Ms. Harshida J. Parikh, Manager and Company Secretary.
This is a routine regulatory clarification with no material impact on shareholders or the stock price. It simply confirms the company is small enough to be exempt from this specific disclosure norm, and signals that its market cap and balance-sheet size remain limited.