Silky Overseas files corporate governance non-applicability certificate
SILKY · price
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Silky Overseas Limited, listed on NSE's SME platform, filed a certificate confirming that most SEBI corporate governance provisions do not apply to it under Regulation 15(2). The exemption covers rules on board composition, audit committee, and other disclosures meant for larger listed companies. However, Regulation 23 on related party transactions still applies because the company's paid-up equity capital exceeds Rs 10 crore and net worth exceeds Rs 25 crore.
Routine compliance filing for an SME-listed company. No material impact on shareholders or stock price as the exemption is standard.