Non Applicability of Regulation 23(9) of SEBI (LODR) Regulation, 2015, for the quarter ended December 31, 2025
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Spice Islands Industries has informed the BSE that Regulation 23(9) of the SEBI Listing Regulations does not apply to it for the quarter ended December 31, 2025. The company qualifies for this exemption under Regulation 15(2) because its paid-up share capital stands at Rs. 4.30 crore and net worth at Rs. 2.36 crore as on March 31, 2025 — both well below the prescribed thresholds of Rs. 10 crore and Rs. 25 crore respectively. As a result, the company is not required to file the quarterly disclosure of related party transactions. This is a routine compliance communication and does not indicate any change in business or operations.
No material impact on shareholders or the stock price. This is a standard regulatory exemption filing by a small-cap company, simply confirming that certain corporate governance disclosure requirements are not mandatory for it due to its size.