This is to inform you that in terms of Regulation 23(9) of SEBI LODR regulations, 2015 is not applicable to Shiva Suitings Ltd., as the paid-up capital of the company is less than INR 10 ....
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Shiva Suitings Ltd has informed BSE that Regulation 23(9) of the SEBI Listing Regulations is not applicable to the company for the quarter ended 31st March 2025. This regulation, which deals with half-yearly disclosure of related party transactions, does not apply because 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. These figures fall short of the thresholds set under Regulation 15 of the SEBI LODR Regulations. The company has requested BSE to take note of this disclosure.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company is too small (by capital and net worth standards) to be subject to half-yearly related party transaction disclosure requirements.