Submission of Non-applicability of Regulation 23(9) of SEBI (LODR), 2015
Awaiting price reaction for this filing.
Iykot Hitech Toolroom Ltd has informed BSE that Regulation 23(9) of SEBI (LODR), 2015, which deals with disclosure of related party transactions, does not apply to the company for the half year ended March 31, 2025. This exemption is because the company's paid-up equity share capital stands at Rs. 4.82 crores and net worth at Rs. 2.64 crores as per the last audited financials, both falling below the prescribed thresholds of Rs. 10 crores and Rs. 25 crores respectively. Under Regulation 15(2), companies below these size limits are exempt from several corporate governance compliance requirements, including related party transaction disclosures. The filing was signed by Whole Time Director Likhitta Dugar on May 22, 2025.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It merely confirms the company qualifies as a small-cap entity exempt from certain disclosure norms under SEBI's listing rules.