Non applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015
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Kanungo Financiers Ltd has informed the BSE that SEBI's Regulation 23(9) on disclosure of related party transactions is not applicable to the company for the year ended 31 March 2025. The company's paid-up share capital is Rs. 4.63 crore (below the Rs. 10 crore threshold) and its net worth is below Rs. 25 crore, which qualifies it for an exemption under Regulation 15(2) of the SEBI LODR Rules. As a result, the company is not required to file the standard half-yearly related party transaction disclosure. The letter was signed by Managing Director Chirag K. Shah on 30 May 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. Investors simply should note that detailed related party transaction disclosures will not be published for FY25 due to the company's small size, which slightly reduces transparency on this front.