non applicability of Regulation 23(9) of SEBI( LODR) Regulation, 2015
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Rajasthan Tube Manufacturing Company has informed the Bombay Stock Exchange that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements does not apply to it for the half year ended 31st March 2025. Under Regulation 15(2), companies whose paid-up equity share capital does not exceed ₹10 crore and net worth does not exceed ₹25 crore, or which are listed on the SME exchange, are exempt from certain corporate governance provisions, including the disclosure of related party transactions. The company states it falls below these thresholds and therefore is not required to file a related party transaction report. The letter is signed by Managing Director Harish Chand Jain and is dated 1st May 2025.
This is a routine regulatory compliance update and is not material to shareholders or the stock price. It simply confirms the company qualifies for an exemption from disclosing related party transactions, implying it is a small-cap entity with limited capital base.