Kindly note that Regulation, 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding filing of Related Party Transaction is not applicable in the ....
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Awaiting price reaction for this filing.
Jupiter Industries & Leasing Ltd has informed BSE that SEBI's Regulation 23(9), which requires filing of related party transaction details, does not apply to the company for the half year ended 31st March 2025. This is because the company's paid-up equity share capital of Rs. 1 crore is below the Rs. 10 crore threshold, and its net worth is negative at Rs. -3.07 crores, well below the Rs. 25 crore threshold, as on 31st March 2024. The company is therefore exempt from this disclosure requirement. The letter is signed by Managing Director Hemant D. Shah.
This is a routine compliance filing and not material to stock price. However, the negative net worth of Rs. -3.07 crores is a concern for shareholders as it indicates the company's liabilities exceed its assets, signalling financial weakness.