StockWatch
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Gems- Jewellery And Watches
Corporate Governance19 Aug 2026, 06:10 pm

Spice Islands Industries: Regulation 23(9) Not Applicable

AI Summary

Spice Islands Industries Ltd has informed that Regulation 23(9) of SEBI (LODR) Regulations, 2015, concerning disclosure of related party transactions, is not applicable to the company for the quarter ended June 30, 2026. This non-applicability is due to the company's paid-up share capital of ₹6,23,33,240 and net worth of ₹14,02,00,000 as of March 31, 2026, which are below the prescribed thresholds of ₹10 Crores and ₹25 Crores respectively, as per Regulation 15(2) of the Listing Regulations. Consequently, the company is exempt from submitting disclosures related to related party transactions for the specified period.

Key Highlights

  • Regulation 23(9) on related party transactions not applicable.
  • Company's share capital and net worth below SEBI thresholds.
  • Exemption based on Regulation 15(2) of SEBI (LODR) Regulations.
  • No disclosure of related party transactions required for Q2 FY27.