Non-applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015.
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Jeet Machine Tools Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015 is not applicable to the company. This regulation requires listed entities to disclose related party transactions on a half-yearly basis. The company qualifies for exemption because it is a small listed entity. As per its audited financial statements for the year ended 31 March 2026, its paid-up equity share capital stands at Rs. 196 lakh (Rs. 1.96 crore) and net worth at Rs. 468.15 lakh (Rs. 4.68 crore). Both figures fall below the thresholds of Rs. 10 crore and Rs. 25 crore respectively. Consequently, the company is also exempt from multiple corporate governance provisions including Regulations 17 to 27 under Regulation 15(2) of SEBI (LODR) Regulations, 2015.
The company benefits from relaxed compliance requirements as a small listed entity, which may reduce regulatory costs. This is a routine compliance filing and does not indicate any financial or operational concerns. Shareholders should note that the company has reduced disclosure and governance obligations compared to larger listed companies.