In terms of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the provisions of Regulation 23(9) is applicable to those listed entity having ....
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Awaiting price reaction for this filing.
Nilkanth Engineering has informed BSE that the SEBI rule requiring listed companies to disclose related party transactions every half-year does not apply to it. Under Regulation 15(2)(a), this rule kicks in only if a company's paid-up equity capital exceeds Rs. 10 crore AND net worth exceeds Rs. 25 crore. As per the company's latest audited balance sheet (March 31, 2025), its paid-up equity capital is just Rs. 199.20 lakh (about Rs. 2 crore) and its net worth is negative at Rs. -272.78 lakh (about -Rs. 2.73 crore). Both figures fall well below the thresholds, so the company is exempt from filing this disclosure.
This is a routine procedural filing with no direct stock-moving news. However, the negative net worth of Rs. 2.73 crore is a serious concern, as it means the company's total liabilities exceed its assets, signalling weak financial health that long-term investors should monitor closely.