Non-applicability of Regulation 23(9) of SEBI (LODR) Regulations, 2015 for the Financial Year 2024-25
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The Ravalgaon Sugar Farm Ltd has informed BSE that it is exempt from complying with Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) for the financial year 2024-25. This regulation normally requires listed companies to disclose related party transactions. The exemption applies because, as of March 31, 2024, the company's paid-up equity share capital stood at Rs. 34 lakhs and its net worth was Rs. 16.71 crore, both of which fall below the thresholds specified under Regulation 15(2). A chartered accountant (Ashish Ghadigaonkar & Associates) has independently certified these figures. The company has assured the exchange that it will comply with the regulation once it becomes applicable.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company's status as a small-cap entity exempt from certain corporate governance disclosure requirements, and does not signal any change in business or financial performance.