Non-Applicability of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Regulation 2015 for the Half Year Ended 31st March, 2025.
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has informed the BSE that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations does not apply to the company for the half year ended 31st March 2025. The regulation requires listed companies to disclose related party transactions in their half-yearly financial statements. The company qualifies for an exemption under Regulation 15(2) because its paid-up share capital and net worth are both below the prescribed thresholds of Rs. 10 crores and Rs. 25 crores respectively, as on the last day of the previous financial year. Signed by Managing Director Prafulbhai Parshottambhai Bavishiya on 8th May 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company is small enough by capital and net worth standards to be exempt from detailed related party transaction disclosures.