Non Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015, for the quarter ended June 30, 2025
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Spice Islands Industries Limited has informed BSE that Regulation 23(9) of SEBI's Listing Regulations does not apply to the company for the quarter ended June 30, 2025. The company's paid-up share capital stands at Rs. 4.3 crore and net worth at about Rs. 2.36 crore as of March 31, 2025, both of which fall below the Rs. 10 crore and Rs. 25 crore thresholds set under Regulation 15(2). Consequently, the company is exempt from submitting disclosures of related party transactions for the quarter. This is filed under SEBI's exemption provisions for small listed entities.
This is a routine compliance filing and not material to shareholders or the stock price. It simply confirms that the company is too small in capital and net worth terms to trigger mandatory related-party transaction disclosures. No new financial or operational information is being shared.