Regulatory26 May 2026, 03:21 pm
Sidh Automobiles: Reg 23(9) of SEBI Regulations Not Applicable
AI Summary
Sidh Automobiles Ltd. has announced that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company for the half-year ended March 31, 2026. This is because, as of March 31, 2026, the company's paid-up equity share capital and net worth are less than ₹10 Crore and ₹25 Crore, respectively, thus meeting the exemption criteria under Regulation 15(2) of SEBI (LODR) Regulations, 2015.
Key Highlights
- Regulation 23(9) of SEBI LODR Regulations not applicable to Sidh Automobiles.
- Exemption due to paid-up equity share capital being less than ₹10 Crore.
- Net worth is less than ₹25 Crore as of March 31, 2026.
- Company meets exemption criteria under Regulation 15(2) of SEBI LODR.
Price Impact
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