Non applicability of Regulation 23 (9) of SEBI (LODR) regulations 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kanungo Financiers Ltd has informed BSE that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — which requires half-yearly disclosure of related party transactions — does not apply to the company. The company's paid-up equity share capital is Rs. 46,340,000 (approximately Rs. 4.63 crore), which is below the Rs. 10 crore threshold. Its net worth is also below Rs. 25 crore. Under Regulation 15(2), companies falling below both these thresholds are exempt from specified corporate governance provisions, including Regulation 23. Therefore, the related party transaction disclosure for the half year ended 30th September 2025 is not required. The letter is signed by Managing Director Chirag K Shah and is also copied to the Calcutta Stock Exchange.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company, being a small-cap entity below SEBI's size thresholds, is exempt from disclosing related party transactions on a half-yearly basis. Investors seeking related party details would need to rely on the annual report instead.