Please find attached herewith the explanation / confirmation letter from the Company confirming the non-applicability of the disclosures of related party transactions as per Reg. 23(9) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panafic Industrials Ltd has submitted a certificate to BSE confirming that the Related Party Transaction disclosure requirements under Regulation 23(9) of SEBI LODR Regulations are not applicable to the company for the half-year ended 31st March, 2025. The exemption applies because the company's paid-up share capital is Rs. 8.21 crore (below the Rs. 10 crore threshold) and net worth is Rs. 9.88 crore (below the Rs. 25 crore threshold) as on 31st March, 2024. Under Regulation 15 of SEBI LODR, companies falling below these size limits are exempt from certain corporate governance provisions, including related party transaction reporting. The certificate was signed by Managing Director Sarita Gupta on 30th May, 2025.
This is a routine compliance filing with no material impact on shareholders or stock price. It merely confirms the company qualifies for an exemption from detailed related party transaction disclosures due to its small size.