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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Valley Magnesite Company Ltd has informed BSE and the Calcutta Stock Exchange that the requirement to disclose related party transactions under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) does not apply to the company for the half year ended 31 March 2025. The company states that as on 31 March 2025, its paid-up equity share capital is Rs 1.05 crore (well below the Rs 10 crore threshold) and its net worth is Rs 9.17 crore (below the Rs 25 crore threshold). Since both limits need to be exceeded for the regulation to kick in, the company qualifies for exemption. This is essentially a compliance letter confirming that detailed related party transaction reporting is not mandatory for them. The letter is signed by Managing Director Arun Kumar Agarwalla and dated 27 May 2025.
This is a routine procedural filing with no direct impact on shareholders or the stock price. It signals that the company is a small-cap entity with limited paid-up capital and net worth, and therefore is not required to publicly disclose transactions between the company and its promoters or related parties for this period.