Non-Applicability of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Rap Corp Ltd has informed BSE that it is exempt from disclosing Related Party Transactions under Regulation 23(9) of SEBI LODR Regulations, 2015. The exemption applies under Regulation 15(2) because the company's paid-up equity share capital does not exceed Rs. 10 Crores and its net worth does not exceed Rs. 25 Crores as on the last day of the previous financial year. Therefore, the company is not required to submit Related Party Transactions disclosures to the exchange. This is a routine compliance communication filed on November 14, 2025, signed by Managing Director Rupinder Singh Arora.
This is a procedural filing with no direct impact on the stock price. It signals that the company is a small-cap entity falling below SEBI's threshold, and investors will not receive separate public disclosures of related party transactions, which slightly reduces transparency.