Non applicability of Regulation 23 (9) of SEBI (Listing Obligation and Disclosure Requirments) Regulations 2015 for F Y ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahalaxmi Seamless Ltd has informed BSE that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company for the financial year ended March 31, 2025. The company qualifies for this exemption under Regulation 15(2) because its paid-up equity share capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as on the last day of the previous financial year. As a result, the company is not required to submit the related party transactions disclosure mandated under Regulation 23(9). The intimation was filed with BSE on May 28, 2025.
This is a routine procedural filing with no material impact on shareholders or stock price. It simply confirms that the company falls below the size thresholds set by SEBI and is therefore exempt from certain corporate governance disclosures, indicating that it is a small-cap listed entity.