Enclosed is a letter intimating non-applicability of disclosures of related party transactions on half yearly basis for FY 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sovereign Diamonds Ltd has told BSE that it does not need to file half-yearly disclosures of related party transactions for FY 2025-26. The company is using an exemption under Regulation 15(2) of SEBI's Listing Rules, which removes this filing requirement for companies whose paid-up share capital and net worth are below the prescribed thresholds. The Board of Directors approved this exemption at a meeting held on 21st May 2025, and a certificate from Practicing Company Secretaries P.C. Shah & Co. confirming the company's small-cap status as of 31st March 2025 was filed with BSE. As a result, the company will skip the usual six-monthly related party transaction disclosures throughout this financial year.
This is a routine compliance update with no material impact on shareholders or the stock price. It simply signals that Sovereign Diamonds is a small-cap company (paid-up capital and net worth below SEBI thresholds), which is why it qualifies for lighter reporting rules.