Declaration of Non-Applicability of Regulation 23(9) Of SEBI (LODR) Regulation, 2015
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The company has submitted a declaration to the stock exchange stating that Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015 is not applicable to it. This regulation normally requires listed companies to disclose details of related party transactions every six months. By declaring non-applicability, the company is stating that it either has no reportable related party transactions or qualifies for an exemption under this rule. This is a routine, administrative compliance filing and does not involve any business decision, financial numbers, or operational change.
This filing has no material impact on shareholders or the stock price. It is purely a procedural declaration indicating the company has nothing extra to disclose under this specific regulation.