Non-applicability of disclosure under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2026
Awaiting price reaction for this filing.
Virgo Polymers India Ltd has informed BSE that it is exempt from submitting consolidated Related Party Transaction disclosures for the half year ended March 31, 2026. The company qualifies for this exemption because its paid-up equity share capital (Rs. 3.40 crore) and net worth (Rs. 22.40 crore) are below the thresholds of Rs. 10 crore and Rs. 25 crore respectively, as specified under Regulation 15(2) of SEBI (LODR) Regulations. As a small listed entity, the company is also exempt from various corporate governance requirements including Regulations 17, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and others. The company has committed to comply with these regulations within six months if they become applicable in the future.
This is a routine compliance filing confirming the company's small-cap status and reduced disclosure obligations. No direct impact on shareholder value or stock price, but investors should note the company qualifies as a micro/small-cap entity with limited corporate governance requirements.