Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations , 2015 regarding disclosures of Related Party Transactions for the Half year and Year ended on March 31, 2026.
Awaiting price reaction for this filing.
Omkar Overseas Ltd has informed the BSE that it is not required to submit related party transaction disclosures under Regulation 23(9) of SEBI (LODR) Regulations for the half year and year ended March 31, 2026. The exemption applies because the company's paid-up equity share capital (Rs. 4.92 crore) is below the Rs. 10 crore threshold and its net worth is below the Rs. 25 crore threshold under Regulation 15(2)(b). Notably, the company's net worth has been deteriorating — from Rs. 97.65 lakh in FY23 to a negative Rs. 5.80 lakh in FY24, and further to negative Rs. 20.85 lakh in FY25, with accumulated losses of about Rs. 10.83 crore by FY25.
This is a routine compliance filing, not an operational update, so direct stock impact is limited. However, the negative net worth and rising accumulated losses are a concern for shareholders as they indicate the company is eroding its book value over time.