Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 regarding submission of Disclosures of Related Party Transactions for the Half Year Ended on September 30, 2025
Awaiting price reaction for this filing.
Omkar Overseas Ltd has informed BSE that it is not required to submit Related Party Transaction (RPT) disclosures for the half-year ended September 30, 2025, under SEBI's Regulation 23(9). The company qualifies for this exemption because its paid-up equity share capital (₹4.92 crore) is below the ₹10 crore threshold and its net worth is below the ₹25 crore threshold prescribed under Regulation 15(2)(b). The filing is backed by a Practicing Company Secretary's certificate and a Chartered Accountant's net-worth certificate covering FY2022-23 through FY2024-25. Notably, the company's net worth turned negative in FY2024 (-₹5.8 lakh) and worsened further to approximately -₹20.9 lakh in FY2025, even though paid-up capital remained unchanged at ₹4.92 crore.
This is largely a routine procedural filing with no direct share-price impact. However, the disclosed negative and eroding net worth signals weak financial health, which is a concern for existing shareholders despite the company technically meeting the small-company exemption criteria.