NON-APPLICABILITY OF REGULUATION 23(9) OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015
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Nikki Global Finance Ltd has filed a disclosure stating that Regulation 23(9) of SEBI (LODR) Regulations, 2015 does not apply to the company. The company falls below the regulatory threshold as its paid-up capital is Rs. 3,41,97,000 (approx. Rs. 3.42 crore) and net worth is Rs. 1,29,87,127 (approx. Rs. 1.30 crore) for FY ended 31.03.2025. Under SEBI rules, Regulation 23(9) on related party transaction disclosures applies only to listed entities with paid-up equity share capital exceeding Rs. 10 crore OR net worth exceeding Rs. 25 crore. Since the company is below both thresholds, it is exempt from this disclosure requirement.
No material impact on shareholders expected. This is a routine compliance filing confirming the company's small size exempts it from enhanced related party transaction disclosure norms. The filing does not indicate any irregularities or concerns.