Pursuant to Regulation 15(2)(a) of SEBI LODR Regulations, 2015 the compliance requirement of Regulation 23(9) of Listing Regulation is not applicable to the Company as paid up equity share ....
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Ironwood Education Ltd has informed BSE that the disclosure requirement under Regulation 23(9) of SEBI LODR Regulations, 2015 does not apply to the company for the half year ended 31st March 2025. This exemption is based on Regulation 15(2)(a), which applies when a company's paid-up equity share capital does not exceed Rs. 10 Crores and net worth does not exceed Rs. 25 Crores as on the last day of the previous financial year. As on 31st March 2024, the company's paid-up equity share capital and net worth were both below these thresholds. The company has also undertaken to comply with the regulation within six months if the thresholds are crossed in the future.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that Ironwood Education remains a small-cap company below the SEBI-mandated size thresholds and is therefore exempt from half-yearly related party transaction disclosures.