Regulation 23(9) is not applicable to the company
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Awaiting price reaction for this filing.
The company has notified BSE that Regulation 23(9) of SEBI (LODR) Regulations 2015, which requires disclosure of Related Party Transactions, is not applicable to it. The company claims exemption under Regulation 15(2), which exempts small listed entities from Corporate Governance provisions. As of 31 March 2026, Velox's paid-up equity share capital stood at Rs.797.40 Lakhs (~Rs.7.97 Crores) and net worth at Rs.831.25 Lakhs (~Rs.8.31 Crores) — both below the thresholds of Rs.10 Crores capital and Rs.25 Crores net worth. The company was formerly known as Velox Industries Limited and is listed on BSE with scrip code 506178.
This is a routine regulatory compliance disclosure confirming the company qualifies for small-cap exemptions. No new material information for investors — the filing simply clarifies that certain governance and disclosure obligations do not apply due to the company's size.