Non Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 for the quarter ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Spice Islands Industries Ltd has informed BSE that Regulation 23(9) of SEBI LODR, which requires disclosure of related party transactions, does not apply to the company for the quarter ended March 31, 2025. Under Regulation 15(2), companies with paid-up capital below Rs. 10 crore and net worth below Rs. 25 crore are exempt. The company's paid-up share capital stands at Rs. 4.30 crore and its net worth is negative at Rs. -29.90 lakh as on March 31, 2024, placing it well below both thresholds. Consequently, the company is not required to submit related party transaction disclosures for FY25.
This is a routine compliance exemption filing and not a material business event. However, investors should note the negative net worth of Rs. -29.90 lakh, which signals that the company's liabilities exceed its assets and points to weak financial health.