Regulation 23 of SEBI (LODR) Regulation is not applicable on the company as the paid up capital and networth is below the limit prescribed in Regulation 15 (2).
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ISF Ltd has informed BSE that Regulation 23 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations does not apply to the company. Based on its audited financials as of 31 March 2024, the company's paid-up equity share capital is ₹9.50 crore and net worth is ₹13.43 crore — both below the thresholds of ₹10 crore and ₹25 crore respectively specified under Regulation 15(2). As a result, the company is exempt from disclosing related party transactions under Regulation 23(9). The company has also undertaken that it will comply with the regulation within six months if it becomes applicable in the future.
This is a routine compliance filing confirming ISF Ltd's status as a small listed entity. Shareholders should note that related party transaction disclosures will not be provided until the company's capital or net worth exceeds the regulatory threshold. It does not directly affect stock price or operations.