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Awaiting price reaction for this filing.
Neelkanth Limited has informed BSE that the disclosure of related party transactions under Regulation 23(9) of SEBI (LODR) Regulations, 2015 is not applicable to the company for the half year ended March 31, 2025. This is because the company's paid-up share capital is Rs. 435.90 Lakhs (below the Rs. 10 crore threshold) and its net worth is Rs. 959.10 Lakhs (below the Rs. 25 crore threshold) as on March 31, 2025. The letter has been signed by Yogesh Dawda, Chairman & Wholetime Director, dated May 30, 2025.
This is a routine regulatory submission confirming exemption from related party transaction disclosure norms due to the company's small size. There is no material impact on shareholders or the stock price as it does not involve any new transaction, financial change, or governance concern.