Certificate of Non Applicability of Reg 23 (Related Party Transaction) of SEBI (LODR) 2015
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Awaiting price reaction for this filing.
Vivaa Tradecom Ltd, listed on BSE SME platform, has filed a certificate claiming exemption from Regulation 23(9) of SEBI LODR regarding Related Party Transaction disclosures. The exemption is claimed under Regulation 15(2), which applies to companies listed on SME exchanges with paid-up capital not exceeding Rs 10 crore. The company confirms that disclosure of related party transactions for the period ending 31st March 2026 is not applicable to them. The filing includes an undertaking that the company will comply with these regulations when they become applicable in the future. Miteshbhai Jayantibhai Adani is the Chairman and Managing Director.
This is a routine compliance filing for an SME-listed company claiming regulatory exemption. For shareholders, this signals the company is very small (below Rs 10 crore paid-up capital) and is exempt from transparency requirements on related party transactions, which limits governance oversight.