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Vishal Bearings: NON-APPLICABILITY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS 2015 REGARDING DISCLOSURE ON RELATED PARTY TRANSACTIONS FOR THE HALF YEAR ENDED ON SEPTEMBER 30 2021


The Company informed that the said Regulation is not applicable on the Company as the paid up equity share capital and net worth of the Company is below the threshold limit as on the last day of previous financial year as provided in the said regulation.

Pursuant to the Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 read with Regulation 15 of Chapter IV SEBI Regulations 2015 the paid up equity share capital exceed Rs.10 crores and the Networth does not exceed Rs.25 crores as on the last day of the previous financial year i.e. March 31 2021.

Therefore being having exemption under the above Regulation 15(2) the Company is also not required to submit the Disclosure of Related Party Transactions for the half Year Ended on September 30 2021 as required under Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

please take note of the same on your record.

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