Non applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015.
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Prashant India Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which mandates disclosure of related party transactions, does not apply to the company. The exemption is available under Regulation 15(2) for listed entities whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore as of the last day of the previous financial year. The company confirms it falls within this threshold and is therefore not required to submit half-yearly related party transaction disclosures for the period ended September 30, 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company is small enough (by capital and net worth standards) to be exempt from a specific disclosure requirement, indicating limited scale of operations.