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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Simplex Papers Ltd has informed BSE that the related party transaction disclosure requirement under SEBI's Regulation 23(9) does not apply to the company for the half-year ended March 31, 2025. The exemption is available under Regulation 15(2) of SEBI LODR 2015 for companies whose paid-up equity capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore. The company's paid-up equity capital is roughly Rs. 3 crore (30,014 shares of Rs. 1,000 face value each), and its net worth is negative at about Rs. (12.05 crore). Both figures fall well below the prescribed thresholds, so the company qualifies for the exemption. The company has stated it will comply with the disclosure once the regulation becomes applicable to it in the future.
This is a routine compliance letter and is not expected to move the stock. However, the negative net worth of about Rs. 12 crore is a red flag indicating accumulated losses and weak financial health, which retail investors should weigh when evaluating the company.