Non-Applicability of Related party Transaction Disclosure as per the regulation 23(9) of SEBI LODR 2015 as the paid up Equity Share capital and Turnover of the Company is less than 10 Crores ....
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Awaiting price reaction for this filing.
J. J. Finance Corporation Ltd has informed the stock exchange that Regulation 23(9) of SEBI LODR, which requires disclosure of related party transactions on a consolidated basis, is not applicable to the company. This exemption is based on the company's paid-up equity share capital being less than Rs. 10 crore and its net worth being less than Rs. 25 crore as of March 31, 2025. Additionally, the company has no holding, subsidiary, or associate companies. Under Regulation 15(2) of SEBI LODR, small companies meeting these thresholds are exempt from several corporate governance and disclosure requirements, including related party transaction reporting. The company has requested BSE to take the exemption on record.
This is a routine regulatory exemption filing with no material impact on shareholders or the stock price. It simply confirms that the company qualifies as a small entity exempt from certain disclosure norms.