Non applicability of Regulation 23(9) of SEBI (LODR)Regulations, 2015
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Purple Entertainment Limited has informed the Bombay Stock Exchange that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company for the financial year ended 31 March 2025. This regulation requires listed companies to disclose details of related party transactions. The company qualifies for an exemption under Regulation 15(2) because its paid-up equity share capital is Rs. 8.65 crore (below the Rs. 10 crore threshold) and its net worth does not exceed Rs. 25 crore. The letter is signed by Managing Director Chirag K Shah and dated 30 May 2025.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company is too small (by capital and net worth) to be required to publish detailed related party transaction disclosures.