This is to inform that Disclosure of Related Party Transactions is not applicable to the Company since the paid up equity share capital is not exceeding Rs. 10 crores and net worth is not ....
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Margo Finance Ltd has informed BSE that it is not required to make Related Party Transaction disclosures under SEBI Regulation 23(9). The company qualifies for this exemption because its paid-up equity share capital of Rs. 4.57 Crores and net worth of Rs. 11.03 Crores as of 31st March 2025 fall below the thresholds of Rs. 10 Crores and Rs. 25 Crores respectively. The company is claiming exemption under Regulation 15(2) of the SEBI Listing Regulations, which means corporate governance provisions do not apply to small listed entities. The filing includes a Net Worth Certificate from auditors AVK & Associates confirming the company's net worth at Rs. 11.03 Crores for FY 2024-25.
This is a routine compliance filing. As a small-cap company below regulatory thresholds, Margo Finance has reduced disclosure obligations. This means fewer investor protections but also a lighter compliance burden for a company with modest paid-up capital of Rs. 4.57 Crores.