Non-applicability of reg 23(9) of SEBI (LODR), 2015
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Marg Techno Projects Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which deals with disclosure of related party transactions, does not apply to the company for the quarter ended March 2025. Under SEBI's Regulation 15(2), smaller listed companies whose paid-up equity share capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore are exempted from certain corporate governance provisions. The company states its paid-up equity share capital is Rs. 6 crore and net worth is Rs. 12.99 crore (as per unaudited FY25 books), both within the exemption thresholds. A Chartered Accountant certificate from Sheladiya & Jyani confirming these figures has been enclosed. This means the company is not required to file the half-yearly related party transaction statement for the period ending March 2025.
This is a routine compliance exemption disclosure and is not material to shareholders. The company falls in the small-cap category, which is why it qualifies for reduced reporting requirements. No impact on stock price or shareholder value is expected from this filing.