Submission of Non-Applicability of Disclosure under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 - Disclosure of RPTs on a consolidated basis for the half year ended March 31, 2025
Awaiting price reaction for this filing.
Virgo Polymers (India) Ltd has informed BSE that it is not required to file the consolidated Related Party Transactions (RPT) disclosure for the half year ended March 31, 2025 under SEBI Regulation 23(9). The company is exempt under Regulation 15(2) because, as on March 31, 2025, its paid-up equity share capital stands at Rs. 3.40 crore and its net worth at Rs. 22.40 crore — both below the prescribed thresholds of Rs. 10 crore and Rs. 25 crore respectively. This places the company in the small-cap bracket that is exempt from several corporate governance and disclosure provisions. The company has further committed that if its size ever crosses these thresholds in the future, it will comply with the regulation within six months of becoming applicable.
No material impact on shareholders or stock price. This is a routine administrative filing confirming the company's small-cap status and its exemption from certain SEBI disclosure norms, though reduced RPT transparency means investors have limited visibility into related-party dealings.