The Ravalgaon Sugar Farm Limited has confirmed that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding related party transactions, is not applicable to the company for the half-year ended September 30, 2026. This is due to the company’s paid-up share capital and net worth falling below the specified threshold limits as of March 31, 2026.
Regulatory Compliance Update
The Ravalgaon Sugar Farm Limited has issued a clarification regarding its compliance with the Securities and Exchange Board of India (SEBI) regulations. The company states that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of related party transactions, is not applicable to it for the half-year period that concluded on September 30, 2026.
Financial Thresholds Met
This determination is based on the company’s financial standing as of March 31, 2026. At that time, The Ravalgaon Sugar Farm Limited reported a paid-up Equity Share Capital of Rs. 34,00,000/- and a Net Worth of Rs. 9,77,86,983/-. These figures are below the thresholds stipulated in Regulation 15(2) of the aforementioned regulations, which exempts listed entities with paid-up share capital not exceeding Rupees Ten Crores and Net Worth not exceeding Rupees Twenty Five Crores from certain corporate governance provisions.
Consequently, the company is not required to comply with the specific filing requirements for related party transactions for the stated period. The company assures that it will adhere to these provisions should its financial metrics cross the applicable threshold in the future.
Source: BSE
