Declaration of Non-Applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 - December 31, 2025 Quarter
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Starsource Multitrade Limited has informed the BSE that Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, along with other corporate governance provisions (Regulations 17 to 27), do not apply to the company for the quarter ended December 31, 2025. The company qualifies for this exemption because its paid-up equity share capital is Rs. 1.5 crore and its net worth is Rs. 13.14 crore as of March 31, 2025 — both below the SEBI thresholds of Rs. 10 crore (capital) and Rs. 25 crore (net worth). Net worth over the last three financial years stood at Rs. 13.14 crore (FY25), Rs. 12.80 crore (FY24), and Rs. 11.60 crore (FY23), confirming continued eligibility. A certificate from Practicing Company Secretary Arvind Sudra has been attached to validate the non-applicability.
This is a routine regulatory compliance filing with no material impact on the business, financials, or shareholders. Investors should note the company remains exempt from detailed corporate governance and related-party transaction disclosures because of its small size, which means less granular public reporting on these matters.