Non-applicability of disclosure under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 for the half year ended 31st March, 2026
Awaiting price reaction for this filing.
Virgo Polymer India Ltd has informed BSE that it is exempt from complying with Regulation 23(9) of SEBI (LODR) Regulations, which requires disclosure of Related Party Transactions on a consolidated basis. The exemption applies because the company qualifies under Regulation 15(2), which exempts small companies from corporate governance requirements. As of 31st March 2025, the company's paid-up equity share capital is Rs. 3.40 crore and net worth is Rs. 22.40 crore, both below the thresholds of Rs. 10 crore and Rs. 25 crore respectively. The company has committed to comply with these regulations if they become applicable in the future.
No immediate impact on shareholders as this is a routine regulatory exemption filing confirming the company remains a small-cap entity. Investors should note the company is not required to publicly disclose its related party transactions for this period, which limits transparency for minority shareholders.