Certificate with respect to Non-Applicability of Related Party Disclosure under Regulation 23 of SEBI (LODR) Regulations, 2015 for the Financial Year Ended March 31st, 2026
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Kizi Apparels Ltd, an SME listed entity on BSE, has filed a certificate confirming that Regulation 23 (Related Party Transactions) of SEBI LODR Regulations does not apply to the company for FY 2025-26. The exemption applies because the company's paid-up equity share capital has not exceeded Rs. 10 crore and net worth has not exceeded Rs. 25 crore for three consecutive years. The filing includes financial data showing paid-up capital grew from Rs. 0.01 crore (FY 2022-23) to Rs. 7.82 crore (FY 2024-25), while net worth grew from Rs. 0.01 crore to Rs. 13.57 crore over the same period. The certificate was issued by Practicing Company Secretaries Jinang Shah & Associates.
This is a routine compliance filing confirming the company's SME status and exemption from related party transaction disclosure requirements. No direct impact on shareholders or stock price as this simply documents an existing regulatory exemption.