Trident Lifeline Limited has submitted that being a SME company, Disclosure of Regulation 23(9) is not applicable.
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Trident Lifeline Ltd has informed BSE that SEBI Regulation 23(9), which deals with disclosure of related party transactions on a half-yearly basis, does not apply to the company for the half year ended 31st March 2025. The exemption is because Trident Lifeline is listed on the SME Exchange of BSE (Scrip Code: 543616). Under Regulation 15 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, companies listed on the SME platform are exempted from several corporate governance provisions, including Regulation 23(9), provided they meet the small-cap criteria (paid-up equity capital not exceeding Rs 10 crore and net worth not exceeding Rs 25 crore).
This is a routine procedural filing and carries no direct material impact on shareholders or the stock price. Investors should note that related party transaction disclosures under Reg. 23(9) will not be filed for this SME-listed entity, which is standard for small companies on the SME platform.