Non Applicability of regulation 23(9)
Awaiting price reaction for this filing.
Fraser and Company Ltd has informed the stock exchanges that it is not required to comply with Regulation 23(9) of SEBI LODR, which pertains to disclosure of related party transactions. The company qualifies for exemption because its paid-up capital does not exceed Rs. 10 crore and its net worth does not exceed Rs. 25 crore as of March 31, 2026. This exemption is permitted under Regulation 15(2) of the LODR framework, which sets lower thresholds for smaller listed companies. The filing is a routine compliance notification to the Bombay Stock Exchange and Calcutta Stock Exchange.
This is a standard regulatory compliance filing with no direct impact on the stock. It confirms the company qualifies as a small-cap entity under SEBI's relaxed disclosure norms. Shareholders should note that detailed related party transaction disclosures are not required due to the company's smaller size.