This is to inform that the company is claiming exemption under Regulation 15(2) of the SEBI (LODR) Regulations, 2015, compliance with the Corporate Governance provisions as specified in ....
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Pankaj Polymers has informed the Bombay Stock Exchange that it is claiming exemption under Regulation 15(2) of the SEBI (LODR) Regulations, 2015. The company's paid-up equity share capital is Rs. 5.54 crore and its net worth is Rs. 11.05 crore as on 31st March 2024. Both figures fall below the exemption thresholds of Rs. 10 crore (paid-up capital) and Rs. 25 crore (net worth). As a result, the company is not required to comply with several corporate governance provisions, including Regulation 23(9) related to Related Party Transaction disclosures. Consequently, Pankaj Polymers will not be submitting its RPT disclosures for the financial year ending 31st March 2025.
This is a routine procedural filing confirming that the company qualifies for exemptions given to smaller listed entities. It is not a material business event and is unlikely to have any meaningful impact on the stock price or shareholders.