Intimation for Non-Applicability of Disclosure of Related Party Transactions under Regulation 23 of SEBI (LODR) Regulations, 2015
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Smart Finsec Ltd has informed BSE that it is exempt from disclosing related party transactions under SEBI's Listing Regulations. The company qualifies for this exemption because its paid-up equity share capital is Rs 3 crore and net worth is Rs 14.47 crore as on 31 March 2024, both of which fall below the regulatory thresholds of Rs 10 crore and Rs 25 crore respectively. This is a routine compliance intimation and does not involve any actual transaction or material change. The filing simply confirms that, as a small-cap listed entity, certain corporate governance disclosures are not mandatory for the company.
This is a procedural disclosure with no impact on shareholders or the stock price. It merely confirms that Smart Finsec is a small listed entity below SEBI's specified size thresholds for enhanced corporate governance reporting.