StockWatch
·
Other Financial Services
Corporate Governance6 Nov 2026, 09:50 pm

Sidh Automobiles: Non-Applicability of SEBI Reg 23(9)

AI Summary

Sidh Automobiles Ltd has informed the stock 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 certain corporate governance provisions as per Regulation 15(2) of SEBI (LODR) Regulations, 2015.

Key Highlights

  • Company claims non-applicability of SEBI Regulation 23(9).
  • Exemption based on paid-up capital and net worth criteria.
  • Paid-up capital and net worth below specified thresholds.
  • Compliance with certain corporate governance rules is exempted.