Submission of Non-applicability of Disclosure under Regulation 23(9) of the SEBI (Listing Obligation and Disclosure Requirements)Regulations, 2015 - Disclosure of Related Party Transactions ....
Awaiting price reaction for this filing.
Virgo Polymer India Ltd has informed BSE that the disclosure of related party transactions under Regulation 23(9) of SEBI LODR Regulations is not applicable to the company for the half year ended September 30, 2025. The exemption is claimed under Regulation 15(2) because the company's paid-up equity share capital (Rs. 3.4 crores) and net worth (Rs. 22.40 crores) as on March 31, 2025 are both below the prescribed thresholds of Rs. 10 crores and Rs. 25 crores respectively. The company has committed to comply with these requirements within six months if the regulation becomes applicable in the future.
This is a routine procedural filing with no material impact on shareholders or stock price. It simply confirms that the company, being a small-cap entity, is exempt from disclosing related party transactions on a consolidated basis for the half year ended September 2025.