Non- Applicability of Regulation 23 (9) of SEBI (LODR) Regulations, 2015
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Shivansh Finserve Ltd has informed the BSE that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) does not apply to the company for the quarter and half year ended 30 September 2025. Under Regulation 15(2), companies with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore are exempted from certain corporate governance requirements, including related party transaction disclosures. The company states its paid-up share capital is Rs. 6.24 crore, well below the Rs. 10 crore threshold, and its net worth remains below Rs. 25 crore, making the disclosure requirement inapplicable. Signed by Whole-time Director Jignesh Shah on 14 November 2025.
This is a routine regulatory clarification with no financial or operational impact. No new information for shareholders — it simply confirms the company qualifies for a compliance exemption due to its small size.