Non-Applicability of Coporate Governance Provisions of SEBI (LODR) Regulations, 2025
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Naapbooks Ltd, listed on BSE Startup Segment (SME Platform) with Scrip Code 543351, has filed a disclosure stating it is exempt from most corporate governance requirements under SEBI (LODR) Regulation 15(2). The company claims exemption from Regulations 17-27 as an SME-listed entity. However, the filing includes an important note: since the company's paid-up equity share capital exceeds ₹10 crore, it is still required to comply with Regulation 23 (related party transactions) of SEBI LODR. A certificate from practicing Company Secretary Nirav Soni & Co. also confirms this non-applicability status for Q4 FY2026.
This is a routine compliance filing with minimal direct impact on the stock price. Investors should note that while the company avoids most governance requirements due to its SME status, it must still maintain Regulation 23 compliance on related party transactions.