This announcement is with respect to the Non-applicability of disclosure of related party transactions (RPT) under regulation 23(9) of Securities and Exchange Board of India (Listing and ....
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Rapid Multimodal Logistics Ltd has informed BSE that it is not required to file the half-yearly Related Party Transaction (RPT) disclosure under SEBI's Regulation 23(9) for the period ended March 31, 2025. The company is listed on BSE's SME platform, which generally grants exemption from corporate governance norms under Regulation 15(2)(b). Even though a new rule from April 1, 2025 brings Regulation 23 into effect for SME-listed firms crossing certain size thresholds, the company confirms its paid-up equity share capital is below ₹10 crore and its net worth is below ₹25 crore as on the last day of the previous financial year. Both thresholds are unmet, so the RPT disclosure obligation does not apply. This is a routine compliance filing clarifying exemption status.
No material impact on shareholders or stock price — this is a procedural compliance clarification. It does, however, confirm that the company remains a small-cap entity with capital and net worth well below the regulatory thresholds for enhanced disclosure, meaning lower transparency on related party dealings compared to larger listed peers.