Attached the letter for non-applicability of Disclosure under Regulation 23 (9)
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Modern Shares & Stockbrokers Ltd has informed BSE that Regulation 23(9) of SEBI LODR Regulations, which requires disclosure of related party transactions on a consolidated basis, does not apply to the company. The company qualifies for exemption under Regulation 15(2) as its paid-up equity share capital of Rs. 2.93 crore and net worth of Rs. 12.03 crore (as of March 31, 2025) are both below the threshold limits of Rs. 10 crore and Rs. 25 crore respectively. This is a routine compliance filing stating that certain corporate governance and disclosure requirements are not applicable due to the company's small size.
No direct impact on shareholders or stock price. This is a routine regulatory filing confirming the company is exempt from certain disclosure requirements due to its small size.