Submission of Non-Applicability of Regulation 23(9) of SEBI(LODR) Regulations, 2015.
Awaiting price reaction for this filing.
The company has informed BSE that it is exempt from disclosing related party transactions under Regulation 23(9) of SEBI LODR for the half year ended September 30, 2025. This exemption applies because both the paid-up equity share capital (Rs. 6.04 crore) and net worth fall below the thresholds specified under Regulation 15(2). As per the last audited financials on March 31, 2025, paid-up capital stands at Rs. 6.04 crore (below the Rs. 10 crore ceiling) and net worth is Rs. (64.61 lakh), which is negative. Note: the signed letter is on behalf of 'Popees Cares Limited' under the same scrip code 522245, suggesting a possible name change situation.
This is a routine compliance filing and is unlikely to move the stock price on its own. However, the disclosed negative net worth of Rs. 64.61 lakh is a red flag worth flagging to shareholders, as it means the company's liabilities exceed its assets.