Certificate regarding non Applicability of Regulation 23 of SEBI (LODR) Regulations, 2015
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Rachit Prints Ltd, listed on BSE SME Exchange, has obtained a compliance certificate from Practicing Company Secretary Arjunn Kumar Tyagi confirming that Regulation 23 of SEBI (LODR) — governing Related Party Transactions — does not apply to the company. As of March 31, 2025, the company's paid-up equity share capital is approximately ₹3.63 crore and net worth is approximately ₹12.31 crore, both below the ₹10 crore and ₹25 crore thresholds respectively. The certificate covers financial years 2022-23 to 2024-25, during which paid-up capital remained stable at ₹1.91 crore until 2023-24, then increased to ₹3.63 crore in 2024-25. Net worth grew from ₹3.43 crore (2022-23) to ₹5.46 crore (2023-24) and further to ₹12.31 crore (2024-25). The certificate is issued for the half year ended March 31, 2026.
As a smaller SME-listed company below the regulatory thresholds, Rachit Prints is exempt from detailed related party transaction disclosure requirements, reducing compliance burden. The steady growth in net worth to ₹12.31 crore signals improving financial health despite the small equity base.