NON-APPLICABILITY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS,2015 REGARDING SUBMISSION OF DISCLOSURES OF RELATED PARTY TRANSACTION
Awaiting price reaction for this filing.
Adjia Technologies Ltd has informed the Bombay Stock Exchange that Regulation 23(9) of SEBI (LODR) Regulations, 2015 does not apply to the company. This regulation normally requires listed companies to disclose details of related party transactions every six months. The exemption applies because the company is listed on the SME Exchange, and under Regulation 15(2) of SEBI (LODR), companies on the SME platform are not required to comply with certain corporate governance provisions, including Regulation 23. Accordingly, the company will not be submitting related party transaction disclosures for the half year and full year ended March 31, 2025. The letter is signed by Roshan Kumar Rawal, Managing Director and CFO.
This is a routine procedural filing with no material impact on shareholders or the stock. It simply confirms the company is exempt from a specific disclosure requirement due to its SME listing status, and investors should note that related party transaction details will not be disclosed in the usual format.