Non-applicability of Regulation 23(9) of securities and exchange board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") for the financial ....
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Yuvraaj Hygiene Products Ltd has informed BSE that Regulation 23(9) of SEBI Listing Regulations is not applicable to the company for the financial year ended March 31, 2025. This exemption applies because the company's paid-up equity share capital (Rs. 9.07 crore) and net worth (negative Rs. 4.75 crore as of March 31, 2024) fall below the threshold limits under Regulation 15(2). Consequently, the company is not required to file related party transaction disclosures for FY 2024-25. The company has submitted chartered accountant certificates confirming its below-threshold status for FY 2022-23, 2023-24, and 2024-25.
This is a routine compliance filing, but investors should note that the company has a negative net worth of Rs. 4.75 crore, indicating accumulated losses exceeding its equity base. The exemption also means shareholders will not receive formal disclosure of related party transactions for FY 2024-25, reducing transparency.