Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015.
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Jeet Machine Tools has informed BSE that SEBI's Regulation 23(9), which mandates half-yearly disclosure of Related Party Transactions, does not apply to the company. Under Regulation 15(2), companies with paid-up equity capital under Rs. 10 crore and net worth under Rs. 25 crore are exempt from this requirement. As on March 31, 2025, the company's paid-up equity capital stood at Rs. 196 lakh and net worth at Rs. 178.13 lakh, both well below the prescribed thresholds. The company therefore qualifies for the exemption and is not required to submit Related Party Transaction disclosures. The communication is signed by Managing Director Kawaljit Singh Chawla.
This is a routine compliance communication and not a material event for investors. It simply confirms the company's small size exempts it from certain SEBI disclosure norms, with no direct bearing on operations, financials, or shareholder value.