Intimation of Non-applicability of Regulation 23(9) (Related Party Transaction) of SEBI (LODR) Regulations, 2015 for the half year ended 31st March, 2025
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SPA Capital Services Ltd has informed BSE that Regulation 23(9) of SEBI (LODR) Regulations, 2015, which requires disclosure of Related Party Transactions on a half-yearly basis, does not apply to the company for the half year ended March 31, 2025. The company qualifies for this exemption because its paid-up equity share capital is below Rs. 10 crore and its net worth is below Rs. 25 crore, as on the last day of the previous financial year. The company has stated it will comply with the regulation whenever it becomes applicable in the future. This is a routine compliance filing and not a disclosure of any transaction.
This is a routine regulatory intimation with no material impact on shareholders or stock price. It simply confirms the company falls below SEBI's size thresholds (small paid-up capital and net worth), meaning it is exempt from mandatory Related Party Transaction disclosures for this period.