We would like to inform you that pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Compliances with the Corporate Governance ....
Awaiting price reaction for this filing.
Mackinnon Mackenzie & Company Ltd has informed the BSE that it is exempt from submitting the Related Party Transaction (RPT) disclosure required under Regulation 23(9) of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This exemption is available under Regulation 15(2) for listed entities whose paid-up equity share capital does not exceed Rs. 10 crore and whose net worth does not exceed Rs. 25 crore, as on the last day of the previous financial year. Since the company's paid-up share capital and net worth as on March 31, 2025 were both below these thresholds, the company qualifies for the exemption and does not need to file the RPT disclosure for the half year ended March 31, 2025. The company has confirmed this through its Director, Mr. Nandkishor Y. Joshi, in a letter dated May 30, 2025.
This is a routine procedural filing with no material impact on shareholders or the stock price. It simply confirms that the company is too small (below SEBI's size thresholds) to be required to disclose related party transactions, meaning it has fewer compliance obligations than larger listed companies.