Non-Applicability Of Regulation 23(9) Of SEBI (Listing Obligations &Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
Awaiting price reaction for this filing.
South Asian Enterprises Ltd has informed BSE that it is exempt from Regulation 23(9) of the SEBI Listing Regulations, which requires half-yearly disclosure of Related Party Transactions. The exemption applies because as of March 31, 2025, the company's paid-up equity share capital did not exceed Rs. 10 crore AND its net worth did not exceed Rs. 25 crore — the thresholds set under Regulation 15(2). This is a routine compliance filing to formally document the non-applicability status. The company falls into the small-cap category based on these financials.
No immediate impact on shareholders — this is an informational filing confirming the company is below SEBI's thresholds for mandatory Related Party Transaction disclosures. It signals the company is relatively small with limited paid-up capital and net worth.