Beekay Niryat informs about non-applicability of disclosures of related party transactions

31 May 2023 Evaluate

As per the provisions of Regulation 23 (9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), every listed entity is required to submit Disclosures of Related Party Transactions with publication of its standalone and consolidated financial results for the half year ended with the stock exchange. Beekay Niryat has informed that, read with Regulation 15 (2) of SEBI LODR Regulation, 2015 the aforementioned provisions shall not be applicable to the company as the paid-up share capital is less Rs 10 Crore and Net Worth of the company is less than Rs 25 Crore as on March 31, 2023. The company therefore not required to submit ‘Disclosures of Related Party Transactions as per Regulation 23 (9) of SEBI (LODR) Regulation, 2015 for the half year ended on March 31, 2023. 

The above information is a part of company’s filings submitted to BSE.

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