Regulatory30 May 2026, 07:11 pm
Web Element Solutions: Reg 23(9) of SEBI (LODR) Not Applicable
AI Summary
Web Element Solutions Ltd announces that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company for the period ending March 31, 2026. This is because the company's paid-up equity share capital does not exceed ₹10 crores and its net worth does not exceed ₹25 crores as of the last day of the previous financial year, thus exempting it from certain corporate governance provisions, including related party transaction disclosures.
Key Highlights
- Regulation 23(9) of SEBI (LODR) Regulations, 2015 not applicable to Web Element Solutions.
- Exemption due to paid-up capital not exceeding ₹10 crores.
- Exemption due to net worth not exceeding ₹25 crores.
- Exemption valid for the period ending March 31, 2026.
- Company not required to submit related party transaction disclosures.
Price Impact
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