Non-Applicability of Provisions related to Disclosure of Related Party Transactions for the hald year and year ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shine Fashions (India) Ltd, listed on the BSE-SME platform, has informed the exchange that SEBI's Regulation 23(9) — which requires listed companies to disclose related party transactions every six months — does not apply to the company for the half year and full year ended March 31, 2025. The exemption arises because the company falls below the threshold criteria laid out in Regulation 15(2)(b): its paid-up equity share capital does not exceed ₹10 crores and its net worth does not exceed ₹25 crores as on the last day of the previous financial year. Since the threshold is not met, the company is relieved of the mandatory related party transaction disclosure obligation. The letter was signed by Managing Director Anish Anil Mehta on May 6, 2025.
This is a routine compliance clarification with no material impact on shareholders or the stock price. It simply confirms the company is too small (below the prescribed capital/net worth thresholds) to be subject to half-yearly related party transaction disclosures mandated for larger SME-listed entities.