Corporate Governance6 Nov 2026, 09:50 pm
Sidh Automobiles: Non-Applicability of Reg 23(9) for H1 FY27
AI Summary
Sidh Automobiles Ltd has informed the exchange regarding the non-applicability of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half-year ended September 30, 2026. This exemption is due to the company's paid-up equity share capital and net worth being below Rs. 10 Crore and Rs. 25 Crore respectively as of March 31, 2026. Consequently, Sidh Automobiles is exempt from complying with specific corporate governance provisions, including Regulation 23(9), as per Regulation 15(2) of SEBI (LODR) Regulations, 2015.
Key Highlights
- Non-applicability of SEBI Regulation 23(9) for H1 FY27.
- Exemption based on paid-up capital and net worth criteria.
- Company's capital and net worth below specified thresholds.
- Compliance with certain corporate governance rules is not required.
Price Impact
More from SIDH