with reference to above, the provisions of Reg 23(9) read with Reg 15(2) applicability criteria of the SEBI (LODR) Regulations, 2015, is not applicable to the company since the paid up ....
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Pagaria Energy Limited (formerly Women Networks Limited) has informed BSE that SEBI Regulation 23(9), which requires disclosure of Related Party Transactions for the half year ended 31st March 2025, does not apply to the company. The exemption is because the company's paid-up equity share capital of Rs 4.35 crore and net worth of Rs 6.25 crore as on 31st March 2024 fall below the SEBI thresholds of Rs 10 crore and Rs 25 crore respectively. A separate Corporate Governance Compliance Certificate from a Practising Company Secretary confirms that broader corporate governance norms under Regulation 15(2) are also not applicable for the same reason. The company's paid-up capital and net worth have stayed below these thresholds for three consecutive financial years (FY 2021-22 to FY 2023-24).
This is a routine compliance communication that confirms the company's small-cap status and its exemption from certain SEBI disclosure and governance requirements. There is no direct impact on shareholders or the share price, but it signals that Pagaria Energy is a micro-cap, low-compliance entity with limited regulatory burden.