NON-APPLICABILTY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS, 2015 REGARDING SUBMISSION OF DISCLOSURES OF RELATED PARTY TRANSACTION
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Sun Retail Ltd has informed the BSE that it is not required to submit disclosures of related party transactions under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The exemption applies because the company is listed on the SME Exchange, and under Regulation 15(2) of SEBI (LODR), companies on the SME platform are exempt from certain corporate governance provisions including Regulation 23. The letter, dated April 30, 2025, is signed by Whole-Time Director & CFO Dharamjit Bhupatsinh Mori and is purely a compliance notification with no financial data or transaction details disclosed.
This is a routine regulatory filing with no material impact on shareholders or the stock price. It simply confirms the company's SME-listed status exempts it from RPT disclosure norms — investors should note that related party transaction details for Sun Retail will not be publicly disclosed under this regulation going forward.