Dear Sir, Please find attached Non-applicability of Regulation 23(9) of SEBI LODR, 2015. Kindly take note of the same. Thank you.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UTL Industries Ltd has informed BSE that it qualifies for an exemption from Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company states that as of 31st March 2024, its paid-up capital is Rs. 329.55 Lakhs (below the Rs. 10 Crore threshold) and its net worth is Rs. 420.36 Lakhs (below the Rs. 25 Crore threshold). Because both figures fall within the limits prescribed under Regulation 15(2), the company is exempted from several corporate governance provisions, including those related to related party transaction disclosures. Consequently, UTL Industries is not required to submit related party transaction disclosures for the quarter ended 31st March 2025. The letter is signed by Mr. Paras Jain, Managing Director.
This is a routine regulatory compliance filing and has no material impact on the company's operations, financials, or share price. It simply confirms that the small-cap company is below the size thresholds and is therefore exempt from certain disclosure requirements.