Please find attached non-applicability of Regulation 23(9) of the SEBI Listing Regulations, 2015
Awaiting price reaction for this filing.
Trustwave Securities Ltd has informed BSE that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 does not apply to the company. This regulation deals with the disclosure of related party transactions on a half-yearly basis along with the standalone financial results. The company is claiming exemption under Regulation 15(2), which exempts small listed entities — those with paid-up equity share capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore — or companies listed on SME exchanges. The letter is signed by Director Deepak Kharwad and references Scrip Code 508963.
This is a routine compliance filing indicating the company qualifies as a small-cap entity and is exempt from disclosing related party transactions under this regulation. There is no material impact on shareholders or stock price, though it does suggest the company is quite small in size with limited equity capital and net worth.