Non applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015
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Purple Agrotech Industries Ltd has informed BSE that SEBI Regulation 23(9), which mandates disclosure of related party transactions, does not apply to the company. The company's paid-up equity share capital stands at approximately Rs. 8.65 crore, which is below the Rs. 10 crore threshold prescribed under SEBI rules. Additionally, the company's net worth is below Rs. 25 crore. Since both thresholds are not exceeded, the company is exempt from disclosing related party transactions for the half-year ended September 30, 2025. The communication was signed by Managing Director Chirag K Shah.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms that the company qualifies as a 'small company' under SEBI norms and is therefore exempt from certain corporate governance disclosure requirements.