Starlite Components has informed that Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, read with Regulation 15 (2) (a) of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company. The provisions of Regulation 15 (2) (a) of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are reproduced below. ‘The companies falling under the below mentioned criteria, the provisions of Regulation 23(9) shall not apply: The listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year: Provided that where the provisions of the regulations specified in this regulation becomes applicable to a listed entity at a later date, such listed entity shall comply with the requirements of this regulation within six months from the date on which the provisions became applicable to the listed entity’. As the Paid-up Equity share Capital of the Company is less than Rs10 Crore and Net worth is less than Rs 25 Crore, as on the last day of the previous financial year the requirement of submission of Related Party Transaction disclosures (RPT) Not applicable to the Company as per Regulation 23(9) read with Regulation 15 (2) (a) of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations/ LODR) for the half year ended September 30, 2022.
The above information is a part of company’s filings submitted to BSE.
