Davin Sons Retail Limited has informed the Bombay Stock Exchange that it is exempt from submitting related party transaction disclosures for the half-year and year ended March 31, 2026. The company cited its listing status on the SME platform and specific financial thresholds as the basis for this non-applicability under SEBI regulations.

The disclosure requirement under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandates listed entities to report related party transactions every six months alongside financial results. However, Davin Sons Retail stated that entities listed on the SME exchange are exempt from complying with provisions of regulations 17 through 27 and certain clauses of regulation 46.

This exemption applies specifically because the company's paid-up capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as on the last day of the financial year. Consequently, the company is not required to provide the related party transaction details for the specified period.

Regulatory Context

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provide relaxed compliance norms for companies listed on SME exchanges. The specific clauses from which the company is exempt include regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27, along with sub-sections of regulation 46 and paragraphs of Schedule V.

Key Financial Thresholds

Davin Sons Retail Limited has rescheduled its board meeting to June 5, 2026, to consider and approve the audited financial results for the half year and year ended March 31, 2026. The meeting was originally set for May 30, 2026, but was postponed due to the non-finalization of the financial statements for the half year and financial year ended March 31, 2026. The board will review the company's financial performance alongside the auditor's report during the rescheduled session.

The trading window for dealing in the company's securities remains closed and will stay shut until 48 hours after the declaration of the financial results, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure ensures compliance with regulations designed to prevent insider trading during the period of price-sensitive information disclosure.

The board will deliberate on the re-appointment of M/s. N.K. Mittal & Associates (Chartered Accountants), bearing FRN No. 113281W, as the internal auditor for the financial year 2026-27. Additionally, the directors will consider a change in the designation of members of the audit committee. The meeting will also cover any other matters with the permission of the Chair.

The intimation regarding the postponement was submitted to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Mohit Arora, Managing Director of Davin Sons Retail Limited.

Agenda for Board Meeting