Non-Applicability of Disclosure of Related Party Transaction under Regulation 23(9) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015
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Kaiser Corporation Ltd has filed a certificate confirming that Regulation 23(9) of SEBI LODR Regulations is not applicable for the half year ended 31st March 2026. The company qualifies for this exemption under Regulation 15(2) as its paid-up capital is Rs. 5.26 crore (below Rs. 10 crore threshold) and standalone net worth is Rs. 4.84 crore (below Rs. 25 crore threshold). The consolidated net worth stands at Rs. 8.91 crore. This is a routine compliance filing where smaller listed companies are exempt from detailed related party transaction disclosures. The certificate was issued by Jinal Jain, Company Secretary and Compliance Officer, and signed by Managing Director Bhushanlal Arora.
This is a routine compliance notification with no material impact on shareholders. The exemption indicates Kaiser Corp is a small-cap company with limited paid-up capital and net worth, and therefore not required to make detailed related party transaction disclosures for this period.