Declaration of Non-Applicability of Regulation (23(9) of EBI (LODR) Regulation, 2015
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Awaiting price reaction for this filing.
Star Source Multi Trade Ltd has informed the stock exchanges that Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 does not apply to the company. This regulation normally requires listed companies to disclose details of material transactions with related parties (such as promoters, directors, or group companies) on a half-yearly basis, along with a confirmation from the board that such transactions were in the ordinary course of business and on an arm's length basis. By declaring non-applicability, the company is essentially stating that it either has no such related party transactions to report or does not meet the criteria that trigger this disclosure requirement.
This is a routine compliance filing and is generally a neutral event for shareholders. It indicates the company likely has limited or no material related party dealings, which can be viewed as a sign of clean corporate governance. It is not expected to have any meaningful impact on the stock price.