Non applicability of Regulation 23(9) of SEBI (LODR), 2015.
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Awaiting price reaction for this filing.
Prashant India Ltd has informed BSE that it is exempt from filing Related Party Transaction disclosures under Regulation 23(9) of SEBI (LODR) Regulations, 2015 for the half year ended 31st March 2025. The exemption applies under Regulation 15(2), which relieves small-cap listed entities from this requirement. To qualify, a company must have paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year. The company has confirmed it falls within this exemption threshold.
This is a routine compliance filing confirming small-cap status and regulatory exemption, with no material impact on shareholders or stock price. Investors should note the company is small enough to qualify for reduced disclosure obligations, meaning less visibility into related party transactions compared to larger listed peers.