Non applicability of Regulation 23(9) of SEBI (LODR) (Amendments) Regulation, 2018
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Nidhi Granites has informed BSE that it is exempt from Regulation 23(9) of SEBI (LODR) regarding consolidated Related Party Transaction disclosures. The exemption applies because the company's paid-up equity share capital is below Rs. 10 crore and net worth is below Rs. 25 crore as of March 31, 2026. Under Regulation 15(2), the company is also exempt from several corporate governance provisions including Regulations 17 through 27. This is a routine compliance filing confirming the company's small-cap status and resulting regulatory exemptions.
This filing confirms Nidhi Granites is a small company below SEBI's size thresholds for enhanced governance requirements. It has no direct impact on shareholders or stock price but indicates limited scale of operations.