Non Applicability certificate of disclosure of RPT under Reg 23(9) for the year ended March 31, 2025
Awaiting price reaction for this filing.
Avi Products India Ltd has informed BSE that the mandatory Related Party Transaction (RPT) disclosure requirement under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) does not apply to the company for the financial year ended March 31, 2025. The exemption is because the company's paid-up equity share capital of Rs. 3.31 crore is below the Rs. 10 crore threshold, and its net worth of Rs. 7.04 crore is below the Rs. 25 crore threshold specified under Regulation 15(2)(a) of SEBI LODR. As a result, the company is not required to submit RPT disclosures as mandated under Regulation 23(9). The certificate has been signed by Managing Director Avinash D. Vora.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company's small size (by capital and net worth) qualifies it for an exemption from mandatory RPT disclosure norms.