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Awaiting price reaction for this filing.
Mahalaxmi Seamless Limited (Scrip Code: 513460) has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which mandates disclosure of Related Party Transactions, does not apply to the company for the half year ended September 30, 2025. The exemption is claimed under Regulation 15(2) because the company's paid-up equity share capital is Rs. 528.14 lakhs (below the Rs. 10 crore threshold) and its net worth is negative at Rs. (46.88) lakhs (below the Rs. 25 crore threshold). As a result, the company is not required to file the half-yearly RPT disclosure. The letter is signed by Mr. Vivek Madhavprasad Jalan, Managing Director.
No direct price impact is expected as this is a routine compliance filing confirming an exemption. However, the negative net worth of Rs. 46.88 lakhs is a red flag for shareholders, indicating accumulated losses that outweigh net assets, which warrants due diligence on the company's financial health.