Non Applicability of Regulation 23 (9) of SEBI LODR 2015
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Awaiting price reaction for this filing.
Pan Electronics India Ltd has informed the Bombay Stock Exchange that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (related to disclosure of related party transactions on a consolidated basis) does not apply to the company for the half year ended 31 March 2025. The exemption is because the company's paid-up equity share capital is INR 4 crore (below the INR 10 crore threshold) and its net worth stands at approximately INR -26.41 crore (negative, below the INR 25 crore threshold). Under Regulation 15(2), companies falling below these size criteria are exempted from several corporate governance requirements, including related party transaction disclosures. The company is based in Bengaluru and signed the filing through its Managing Director, Gullu Gellaram Talreja.
This is a routine compliance filing and is not expected to impact the stock price. However, the disclosed negative net worth of around INR -26.41 crore signals serious financial weakness and accumulated losses, which existing or potential shareholders should note as a key risk factor.