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Awaiting price reaction for this filing.
Shiva Suitings Ltd has informed BSE that it is not required to comply with Regulation 23(9) of the SEBI Listing Regulations for the half year ending 31st March 2025. The reason given is that the company's paid-up equity share capital is below INR 10 Crores and its net worth is below INR 25 Crores as on 31st March 2025, which puts it below the threshold set under Regulation 15. As a small-cap company, it is exempt from filing certain related-party transaction disclosures. The letter is signed by Bharat Tulsani, Company Secretary and Compliance Officer, dated 19th April 2025.
This is a routine compliance filing with no direct effect on shareholders or stock price. It simply confirms that the company is small enough to be exempt from one specific SEBI disclosure rule, and means investors will not receive the related-party transaction disclosures that larger listed companies must provide.