NON APPLICABILITY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS, 2015
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Pro Clb Global Ltd (formerly Provestment Services Limited) has submitted a certificate to BSE confirming that Regulation 23(9) of SEBI LODR Regulations does not apply to the company for the half-year ended 31 March 2025. This regulation deals with mandatory disclosure of related party transactions in the half-yearly financial statements. The exemption applies because, as per the latest audited accounts, the company's paid-up equity share capital is Rs. 510.30 lakhs (around Rs. 5.10 crore) and net worth is Rs. 1,006.10 lakhs (around Rs. 10.06 crore). Both figures are below the prescribed thresholds of Rs. 10 crore paid-up capital and Rs. 25 crore net worth under Regulation 15(2), which exempts small-cap listed entities from this disclosure.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock. It simply confirms the company qualifies for exemption from related party transaction disclosures due to its small size.