Abhishek Integrations Limited Declares Non-Applicability of Related Party Transaction Disclosure Under SEBI LODR Regulation 23(9)

1 min read     Updated on 13 May 2026, 11:28 AM
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Abhishek Integrations Limited, through a formal communication dated May 12, 2026, has notified the National Stock Exchange of India Limited of the non-applicability of Regulation 23(9) of the SEBI LODR (Amendments) Regulation, 2018, for the half year ended March 31, 2026. The company has invoked the exemption under Regulation 15(2) of the SEBI LODR Regulations, 2015, confirming that no related party transactions requiring disclosure exist within the prescribed limits. The disclosure was signed by Sanjay Dubey, Chairman & Managing Director, with DIN: 02218614.

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Abhishek Integrations Limited has informed the National Stock Exchange of India Limited that the provisions of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulation, 2018, relating to the disclosure of Related Party Transactions on a consolidated basis, are not applicable to the company. The communication, dated May 12, 2026, was addressed to the Listing Department of the National Stock Exchange of India Limited and signed by Sanjay Dubey, Chairman & Managing Director.

Regulatory Exemption Under SEBI LODR

The company has cited Regulation 15(2) of the SEBI LODR Regulations as the basis for this non-applicability. Under this provision, certain listed entities are exempt from the requirements of Regulation 23(9), which mandates the disclosure of Related Party Transactions on a consolidated basis. Abhishek Integrations Limited has confirmed that it falls within the exemption criteria prescribed under this regulation.

Key Details of the Disclosure

The following table summarises the key parameters of the regulatory communication submitted by the company:

Parameter: Details
Company Name: Abhishek Integrations Limited
CIN: L74999GJ2017PLC099749
Date of Disclosure: May 12, 2026
Regulation Cited: Regulation 23(9) of SEBI LODR (Amendments) Regulation, 2018
Exemption Basis: Regulation 15(2) of SEBI LODR Regulations, 2015
Period Covered: Half year ended March 31, 2026
Signatory: Sanjay Dubey, Chairman & Managing Director (DIN: 02218614)

Basis for Non-Applicability

Pursuant to Regulation 15(2) of the SEBI LODR Regulations, the company has stated that there are no related party transactions requiring disclosure within the limits specified under Regulation 23 of the SEBI LODR Regulations for the half year ended March 31, 2026. The company has requested the exchange to take the disclosure on record accordingly.

Historical Stock Returns for Abhishek Integrations

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-5.06%+17.52%-9.14%-50.79%+11.18%

As Abhishek Integrations Limited grows in scale, at what point might it cross the threshold under Regulation 15(2) and become subject to full SEBI LODR compliance requirements, including consolidated RPT disclosures?

How might the company's exemption from consolidated Related Party Transaction disclosures affect investor confidence and institutional interest in the stock over the coming quarters?

Could SEBI's ongoing regulatory tightening around related party transactions lead to amendments that narrow the Regulation 15(2) exemption criteria, potentially impacting smaller listed entities like Abhishek Integrations?

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Abhishek Integrations Secures Letter of Intent from AAI for GLF Spare Supply at Agartala Airport Worth Rs. 98.15 Lakhs

2 min read     Updated on 13 May 2026, 11:24 AM
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Abhishek Integrations Limited has received a Letter of Intent from the Airports Authority of India for the supply of spares for GLF installations at M.B.B. Airport, Agartala, with a total contract value of Rs. 98.15 Lakhs (including GST). The accepted bid is 15.33% below the estimated cost of Rs. 1,15,92,751/- (including GST), and the work is scheduled for completion within 06 months during FY 2026-27. The company is required to submit an additional performance security of Rs. 1,22,689/- within 30 days of the LOI. The contract is domestic in nature and does not involve any related party transactions or promoter interest in the awarding entity.

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Abhishek Integrations Limited has secured a Letter of Intent (L.O.I.) from the Airports Authority of India (AAI) for the supply of spares for GLF installations at M.B.B. Airport, Agartala. The contract, awarded via GeM Bid No. GEM/2026/B/7160912, carries a total value of Rs. 98.15 Lakhs (including GST) and is to be executed during FY 2026-27. The company made the disclosure to the National Stock Exchange of India Limited on 12.05.2026, in compliance with SEBI Master Circular dated November 11, 2024.

Contract at a Glance

The LOI was issued by Dy. Gen. Manager (Engg.-E), AAI, M.B.B. Airport, Agartala, and accepted on behalf of the Chairman, Airports Authority of India at item rates quoted by Abhishek Integrations. The accepted bid value of Rs. 98,15,092.50/- (including GST) represents a discount of 15.33% below the estimated cost of Rs. 1,15,92,751/- (including GST). The following table summarises the key parameters of the order as disclosed:

Parameter: Details
Awarding Entity: Airports Authority of India
Nature of Work: Supply of Spares for GLF Installations at M.B.B. Airport, Agartala
Contract Type: Domestic
Contract Value (incl. GST): Rs. 98.15 Lakhs
Execution Period: FY 2026-27
Completion Timeline: 06 months from LOI date
GeM Bid Reference: GEM/2026/B/7160912
Related Party Transaction: No
Promoter/Group Interest in Awarding Entity: No

Performance Security and Compliance Requirements

As per the terms of the LOI, Abhishek Integrations is required to submit an additional performance security within 30 days of the issuance of the letter. The performance security amount has been set at Rs. 1,22,689/-, to be furnished in the form of an irrevocable Insurance Surety bond, demand draft, or bank guarantee issued from a Scheduled Commercial Bank as defined under the Reserve Bank of India Act, 1934. The company has also been directed to begin mobilisation and preparatory activities for the commencement of work immediately.

Disclosure and Governance

The intimation was submitted by Managing Director Sanjay Narbada Dubey (DIN: 02218614) on behalf of Abhishek Integrations Limited, with the Letter of Intent enclosed as supporting documentation. The company confirmed that the contract does not constitute a related party transaction and that no promoter, promoter group, or group company holds any interest in the awarding entity, Airports Authority of India. The disclosure was made in accordance with applicable SEBI regulations governing the receipt of orders and contracts by listed entities.

Historical Stock Returns for Abhishek Integrations

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-5.06%+17.52%-9.14%-50.79%+11.18%

Could this AAI contract serve as a reference order to help Abhishek Integrations secure larger GLF or airport infrastructure tenders from other Indian airports in FY 2027-28?

How might Abhishek Integrations' aggressive 15.33% discount strategy impact its profit margins, and is this pricing approach sustainable for future GeM bids?

With AAI undertaking airport modernisation across Tier-2 and Tier-3 cities, what is the potential pipeline size for GLF spare supply contracts that Abhishek Integrations could target?

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1 Year Returns:-50.79%