Regulatory30 May 2026, 09:41 pm
Velox Shipping: Regulation 23(9) Not Applicable
AI Summary
Velox Shipping and Logistics Ltd clarifies that Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, concerning related party transactions, is not applicable to the company. The company claims exemption under Regulation 15(2) as its paid-up equity share capital and net worth as of March 31, 2026, are below the specified limits of ₹10 Crores and ₹25 Crores, respectively. The paid-up capital was ₹797.40 Lakhs and net worth was ₹831.25 Lakhs.
Key Highlights
- Regulation 23(9) on related party transactions is not applicable to Velox Shipping.
- Exemption claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015.
- Paid-up capital as of March 31, 2026, was ₹797.40 Lakhs.
- Net worth as of March 31, 2026, was ₹831.25 Lakhs.
- Company not required to submit disclosures under Regulation 23(9).
Price Impact
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