Nilkanth Engineering: Non-applicability of SEBI Reg 23(9) due to Net Worth
RESULTS
● No Immediate Change
HIGH RISK
📅 Filed on BSE: 09 Oct 2026, 04:42 PM IST · BSE ID: 87fd6b7b-361c-4f1e-b579-9c9d4d85ba73
View Original BSE Filing (PDF)
💡
In Simple Terms
The company does not need to disclose transactions with related parties because its capital and net worth are below specific regulatory limits.
🤖 AI Summary
- Nilkanth Engineering is exempt from Regulation 23(9) for Related Party Transaction disclosures.
- Company's Paid-up Equity Capital was Rs. 124.50 Lakhs as of March 31, 2026.
- Net Worth stood at negative Rs. 303.88 Lakhs as of the same date.
- Exemption applies as capital is below Rs. 10.00 Crores and Net Worth below Rs. 25.00 Crores.
- This is based on audited financials for the year ended March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Paid up Equity Capital (as on March 31, 2026)
Rs. 124.50 Lakhs
Net Worth (as on March 31, 2026)
negative (Rs. 303.88 Lakhs)
SEBI threshold for Paid up Equity Capital
Rs. 10.00 Crores
SEBI threshold for Net Worth
Rs. 25.00 Crores
🏢 How This Affects the Company
The company faces reduced compliance burden by not needing to prepare and submit half-yearly related party transaction disclosures under Regulation 23(9).
The company carries a negative Net Worth of Rs. 303.88 Lakhs as of March 31, 2026, indicating a significant financial vulnerability.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are informed that the company's financial metrics (Paid-up Capital Rs. 124.50 Lakhs, Net Worth negative Rs. 303.88 Lakhs) fall below SEBI thresholds for specific compliance requirements.
🔍
Management Signal
Management is ensuring compliance by formally disclosing the non-applicability of a specific regulation based on the company's financial status.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Annual Financial Results for FY27 — assess changes in Net Worth and Paid-up Capital.
Upcoming Board Meeting outcomes — monitor for decisions related to financial strengthening.
Any future regulatory filings — check for changes in compliance status or thresholds.
HIGH RISK
The company reported negative Net Worth of Rs. 303.88 Lakhs as of March 31, 2026, indicating significant financial distress.
💡 Investor Takeaway
Nilkanth Engineering is exempt from half-yearly Related Party Transaction disclosures under SEBI Reg 23(9) because its Paid-up Capital is Rs. 124.50 Lakhs and Net Worth is negative Rs. 303.88 Lakhs as of March 31, 2026, both below mandated thresholds.
⚖️ Strengths & Concerns
⚠️ Concerns
- The company reported a negative Net Worth of Rs. 303.88 Lakhs as of March 31, 2026, indicating accumulated losses.
- Paid-up Equity Capital of Rs. 124.50 Lakhs is significantly below the SEBI threshold of Rs. 10.00 Crores, implying a small operational scale.
📅 Company Track Record
A previous filing on August 3, 2026, indicated a board meeting scheduled for August 12, 2026, to approve Q1 FY26 results. This current filing refers to audited financial figures for the year ended March 31, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
Why is Nilkanth Engineering not submitting Related Party Transaction disclosures?
Nilkanth Engineering is exempt from submitting Related Party Transaction disclosures under Regulation 23(9) of SEBI LODR Regulations because its Paid-up Equity Capital of Rs. 124.50 Lakhs and Net Worth of negative Rs. 303.88 Lakhs are below the specified thresholds as of March 31, 2026.
What is Nilkanth Engineering's Net Worth as of March 31, 2026?
As of March 31, 2026, Nilkanth Engineering Limited reported a negative Net Worth of Rs. 303.88 Lakhs based on its latest audited financial statements.
What are the SEBI thresholds for Related Party Transaction disclosure applicability?
Regulation 23(9) of SEBI LODR Regulations applies to listed entities with Equity Paid-up Capital exceeding Rs. 10.00 Crores and Net Worth exceeding Rs. 25.00 Crores.
What was Nilkanth Engineering's Paid-up Equity Capital as of March 31, 2026?
Nilkanth Engineering's Paid-up Equity Capital was Rs. 124.50 Lakhs as of March 31, 2026, according to its audited financial results.
Questions based on this BSE filing only. For information purposes.