Non applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015
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Shivansh Finserve Ltd has informed the Bombay Stock Exchange that Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company for the financial year ended 31 March 2025. The regulation mandates disclosure of related party transactions in corporate filings. The company qualifies for exemption because its paid-up equity share capital stands at Rs. 6.24 crore, which is below the Rs. 10 crore threshold, and its net worth is below Rs. 25 crore, both as specified under Regulation 15(2) of the LODR rules. Signed by Whole-time Director Jignesh Shah, the letter is purely a routine compliance intimation to BSE.
This is a routine compliance filing and has no direct impact on shareholders or stock price. Investors should note, however, that since the company is small enough to be exempt from this disclosure rule, related party transaction details for FY25 will not be mandatorily published in the prescribed format — a factor worth keeping in mind when assessing transparency.