Non-Applicability of Regulation 23 of SEBI(LODR), 2015.
Awaiting price reaction for this filing.
Shri Niwas Leasing And Finance Ltd has informed BSE that it is not required to disclose Related Party Transactions (RPT) for the quarter and financial year ended 31st March 2025. This exemption is under Regulation 15(2) of SEBI LODR, 2015, which applies to companies whose paid-up equity share capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore. The company confirms that as on 31st March 2024, both its paid-up capital and net worth were below these thresholds, making Regulation 23(9) inapplicable.
This is a routine compliance filing by a small-cap company and is not material to the stock price. It simply means the company falls below SEBI's size thresholds and is exempted from RPT disclosure requirements. Shareholders should note the company is very small (under Rs. 10 crore capital, under Rs. 25 crore net worth), which indicates limited scale of operations.