Non Applicability of Regulation 23(9) of SEBI
Awaiting price reaction for this filing.
United Textiles Ltd has informed BSE that SEBI's Regulation 23(9), which normally requires listed companies to disclose related party transactions along with their financial results, does not apply to them. The company is claiming exemption under Regulation 15(2) of SEBI LODR Regulations 2015. This exemption is available to companies whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore as on the last day of the previous financial year. The letter is signed by Whole Time Director Vivek Aggarwal and dated 16 May 2025. The filing is purely procedural and confirms the company's small-cap status under SEBI thresholds.
No material impact on shareholders or stock price. This is a routine compliance communication confirming that United Textiles falls in the small-cap category and is therefore exempt from related party transaction disclosures. Investors should note the company's small size, as reflected by its sub-Rs. 10 crore share capital and sub-Rs. 25 crore net worth.