This clause is not applicable to us as the paid up equity share capital of our company has not exceeded above Rs. 10 crores and Networth has not exceeded Rs, 25 crores as on the last day ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modern Shares & Stockbrokers Ltd has informed BSE that it is exempt from filing the disclosure of related party transactions on a consolidated basis for the year ended March 31, 2025. Under SEBI LODR Regulation 15(2), companies with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore are exempt from several corporate governance compliances, including Regulation 23(9). The company's paid-up equity share capital is Rs. 2.93 crore and net worth is Rs. 11.90 crore, both well below the prescribed thresholds. Accordingly, the company has stated that the related party transaction disclosure requirement does not apply to it.
This is a routine regulatory exemption communication with no material impact on shareholders or the stock price. It simply confirms that the company qualifies for a compliance exemption based on its small size, and no action is required from investors.