Non Applicability of Regulation 23(9) of LODR of RPT for March 2026
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Shiva Suitings Ltd has informed BSE that Regulation 23(9) of SEBI LODR Regulations does not apply to the company. This regulation, which requires half-yearly related party transaction disclosures, is not applicable because the company's Paid-up Equity Share Capital is below INR 10 Crores and Net Worth is below INR 25 Crores as of March 31, 2026. The company falls below the thresholds specified in Regulation 15 of SEBI LODR, which sets the criteria for applicability of certain listing obligations. This is a routine compliance disclosure filed by Managing Director Sharad Sureka.
This filing indicates Shiva Suitings is a small-cap company below SEBI's thresholds for certain disclosure requirements. It carries no direct positive or negative implications for shareholders as it is purely informational, confirming the company's exempt status from related party transaction reporting norms.