Non-Applicability of Regulation 23(9) as per Regulation 15 of Chapter IV of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2025.
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Ladam Affordable Housing Ltd has informed BSE that SEBI's Regulation 23(9), which relates to disclosure of related-party transactions, does not apply to the company for the financial year ended March 31, 2025. This exemption is because the company's paid-up equity share capital stands at Rs. 9.15 crore (below the Rs. 10 crore threshold) and its net worth is Rs. 22.63 crore (below the Rs. 25 crore threshold) as on March 31, 2024, both under the limits set under Regulation 15 of SEBI (LODR) Regulations. The company therefore qualifies as a 'small company' for compliance purposes and is relieved of this particular disclosure obligation.
This is a routine compliance communication with no material impact on shareholders or the stock price. It simply confirms that the company is small enough (by capital and net worth) to be exempt from one specific SEBI disclosure rule, meaning slightly reduced reporting requirements.