Declaration regarding non-applicability of Reg 23 of LODR 2015
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Awaiting price reaction for this filing.
Shelter Pharma Limited has informed BSE that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. This regulation normally requires listed companies to disclose their related party transactions every six months. The company is exempt because it is listed on the SME Exchange, and under Regulation 15(2)(b) of Chapter IV, SME-listed companies are not required to submit these disclosures. The certificate covers the half-year and full year ended 31st March 2025 and is signed by Managing Director Mustaqim Nisar Ahmed Sabugar.
This is a routine compliance filing and has no material impact on shareholders or the stock price. It simply confirms that the company does not need to report related party transactions because of its SME listing status, which is a lighter regulatory framework.