Regulatory26 May 2026, 05:31 pm
Gratex Industries: Non-Applicability of Regulation 23(9)
AI Summary
Gratex Industries Ltd. announces that it is not required to comply with Regulation 23(9) of SEBI (LODR) Regulations, 2015, concerning disclosures of Related Party Transactions. This non-applicability is due to the company's paid-up equity share capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore as of the last day of the previous financial year, as per Regulation 15(2) of SEBI (LODR) Regulation, 2015.
Key Highlights
- Gratex Industries exempt from Regulation 23(9) of SEBI (LODR) Regulations.
- Exemption based on paid-up equity capital and net worth criteria.
- Company's capital under ₹10 crore and net worth under ₹25 crore.
- Regulation 15(2) of SEBI (LODR) provides the exemption criteria.
Price Impact
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