Announcement for non applicability of regulation 23(9) of SEBI (LODR) Regulations, 2015
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The company has informed BSE that Regulation 23(9) of the SEBI (LODR) Regulations, 2015 — which deals with the disclosure of related party transactions — does not apply to it. This is because the company's paid-up equity share capital is below Rs. 10 crores and its net worth is below Rs. 25 crores as on the last day of the previous financial year. The letter is a routine compliance filing to formally record this exemption with the exchange. The document also confirms the company has been renamed from Uniworth Securities Limited to Indoworth Holdings Limited (Scrip Code: 512408).
This is a routine, non-material filing with no impact on shareholders or the stock price. It simply confirms that the company qualifies for exemption from related party transaction disclosure rules because it falls below the size thresholds set by SEBI.