Non-Applicability of regulation 23(9) of SEBI (LODR) Regulation 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Photoquip India Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations 2015 does not apply to the company. The company cites Regulation 15(2) which exempts smaller listed entities from certain corporate governance provisions. Specifically, the exemption applies to companies with paid-up equity share capital not exceeding Rs 10 crore and net worth not exceeding Rs 25 crore as of the last day of the previous financial year. The company confirms it falls below these thresholds, thereby qualifying for the exemption. This is a routine compliance disclosure filed on May 13, 2026.
No material impact on shareholders or stock price. This is an administrative filing confirming the company qualifies for relaxed disclosure norms due to its small size, which is standard for smaller listed entities.