Please find attached non-applicability of Regulation 23(9) of SEBI Listing Regulations, 2015.
Awaiting price reaction for this filing.
Aris International Ltd has informed BSE that Regulation 23(9) of the SEBI Listing Regulations is not applicable to the company. Regulation 23(9) requires listed entities to disclose details of all related party transactions in their corporate governance reports, including transactions between the company and its promoters, directors, or group entities. The company is claiming exemption under Regulation 15(2), which provides relief from certain corporate governance provisions for companies whose paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore, or those listed on the SME exchange. No specific financial figures have been disclosed in this filing, and no monetary impact is mentioned.
This is a routine compliance clarification and is not expected to have any material impact on the stock price. Shareholders should note that Aris International is a very small company, as it qualifies for the small-cap exemption threshold, meaning less detailed corporate governance disclosures will be made publicly available.