Non-applicability of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Rap Corp Ltd has informed BSE that it is exempt from submitting Related Party Transactions (RPT) disclosures under Regulation 23(9) of SEBI LODR Regulations, 2015. The exemption applies 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. Under Regulation 15(2), companies below these size thresholds are not required to comply with certain corporate governance provisions, including RPT disclosures. The filing was signed by Managing Director Rupinder Singh Arora on May 30, 2025.
This is a routine compliance filing confirming the company qualifies as a small-cap entity under SEBI thresholds. It has no direct impact on stock price or shareholder value, but indicates Rap Corp is a relatively small listed company with limited paid-up capital and net worth.