Suvidha Infraestate Corporation has informed that as per Regulation 15(2) of SEBI (LODR) Regulations, 2015, the provisions of Regulation 23 of SEBI (LODR) Regulations, 2015 are not applicable to the Company for the financial year 2022-23 as the paid up share capital of the Company as at 31st March, 2022 was Rs 8.39 crores and the Net worth of the Company as at 31st March, 2022 was Rs (2.38) crores. Hence, the Company had not exceeded the prescribed threshold limits for applicability of provisions of Regulation 23 of SEBI (LODR) Regulations, 2015 for the year 2022-23. Hence the Company is not required to submit disclosure of Related Party Transaction in XBRL Mode as required under Regulation 23(9) of SEBI LODR for the Period ended March 31, 2023.
The above information is a part of company’s filings submitted to BSE.