Non-applicability of Regulation 23 (9) of SEBI (LODR) Regulations, 2015 for the half year ended on 30.09.2025.
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has informed BSE that SEBI's Regulation 23(9), which requires disclosure of related party transactions, does not apply to the company for the half year ended 30 September 2025. The exemption is because the company's paid-up share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore as on that date. Under Regulation 15(2) of the SEBI LODR Regulations, companies falling below these size thresholds are exempt from several corporate governance provisions, including related party transaction disclosures. The letter is signed by Managing Director Prafulbhai Parshottambhai Bavishiya and dated 16 October 2025.
This is a routine compliance filing with no direct impact on shareholders or the stock price. It indirectly confirms that the company remains small in scale (below SEBI's threshold for stricter governance norms) and is therefore not required to publicly disclose its related party transactions.