Enclosed herewith the declaration regarding non-applicability of Regulation 23(9) of the SEBI(LODR) Regulations, 2015 for your information.

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.6%1-day move

₹104.39

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-0.6-2.3+2.6+1.5+0.6+0.6+0.6-1.3——

Up moveDown movePending

AI summary

Katare Spinning Mills Ltd has declared that Regulation 23(9) of SEBI (LODR) 2015, which requires disclosure of related party transactions, is not applicable to the company. The company qualifies for exemption under Regulation 15(2)(a) because its paid-up equity capital (Rs. 2.85 crore) and net worth (Rs. 2.73 crore as of March 31, 2025) are both below the threshold limits of Rs. 10 crore and Rs. 25 crore respectively. The company has submitted audited financial data for three consecutive years showing paid-up capital remained at Rs. 2.85 crore in FY 2024-25 and FY 2023-24, with net worth declining from Rs. 6.26 crore to Rs. 4.39 crore and further to Rs. 2.73 crore. The company is requesting BSE to withdraw any compliance notice sent regarding this regulation.

Likely market impact

This is a routine regulatory filing confirming the company's exempt status from certain SEBI governance requirements due to its small size. It has no direct impact on the stock price but indicates the company qualifies as a small-cap entity under SEBI norms.