NON-APPLICABILITY OF REGULATION 23 (9) OF SEBI (LODR) REGULATIONS, 2015
Awaiting price reaction for this filing.
Encash Entertainment Ltd, listed on BSE SME Platform, has notified the exchange that it is not required to submit Related Party Transaction disclosures under Regulation 23(9). The company cites Regulation 15(2) exemption which applies to listed entities with paid-up equity capital not exceeding Rs 10 crore and Net Worth not exceeding Rs 25 crore, or those listed on SME exchanges. The company states it qualifies for this exemption due to its small size and BSE SME listing status. This is a routine compliance filing to formally document the regulatory exemption.
No direct impact on shareholders or stock price. This is a standard disclosure explaining the company's exempt status from certain corporate governance requirements due to its SME listing and small size. The filing demonstrates regulatory compliance by properly informing the exchange of the exemption.