Non-Applicability of Regulation 23(9) - RPT for the Q.E. Sept 2020.
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Mitshi India Ltd has informed BSE that the requirement to disclose related party transactions under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) does not apply to the company for the half year ended 30 September 2020. The exemption applies because the company's paid-up equity share capital (Rs. 8.80 crore) is below the Rs. 10 crore threshold, and its net worth is below the Rs. 25 crore threshold, as specified under Regulation 15(2)(a) of SEBI LODR. As a result, the company is not required to submit RPT disclosures for the period. The letter is signed by Managing Director Kumar Vasantlal S.
This is a routine compliance filing and does not signal any change in business or governance. It simply confirms that the company is too small, by capital and net worth, to fall under the RPT disclosure requirement, so shareholders should not expect any new related-party information from this filing.