Pursuant to regulation 23(9) of SEBI(LODR)Regulations 2015, the disclosure of related party transaction shall be made half yearly by the company. We hereby confirm that we shall comply ....
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Awaiting price reaction for this filing.
Kotia Enterprises Ltd has told the stock exchanges that it can no longer claim exemption from SEBI's Regulation 23(9), which deals with disclosure of related party transactions. Although its paid-up equity share capital is still below Rs. 10 crore, its net worth as of 31st March 2025 has grown to Rs. 38.67 crore, crossing the threshold for the exemption. Because of this, the company will now have to disclose related party transactions on a half-yearly basis. Director Vikas Bansal has confirmed that the company will comply fully with the regulation going forward.
Investors will now get more regular and detailed information about related party transactions, which improves transparency. The jump in net worth also points to strengthening of the company's financial position, though this filing is mainly a compliance update and is unlikely to move the stock price on its own.