Indobell Insulations exempt from RPT disclosures for H1FY26
- Indobell Insulations declared non-applicability of RPT disclosures for H1FY26
- Exemption granted due to SME listing criteria: paid-up capital ≤ ₹10 crore, net worth ≤ ₹25 crore
- Net worth stood at ₹16.22 crore in FY26, up from ₹5.67 crore in FY24
- Statutory auditor Bandyopadhyay & Dutt certified the financial metrics for the exemption
*this image is generated using AI for illustrative purposes only.
Indobell Insulations Limited has declared that the submission of Related Party Transaction (RPT) disclosures under Regulation 23(9) of SEBI (LODR) Regulations, 2015 is not applicable for the half year ended September 30, 2026. The company cited its listing on the SME Exchange platform as the basis for this exemption.
The exemption applies because the company's paid-up capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as of the last day of the financial year. These thresholds align with the specific criteria set by SEBI for listed entities on the SME Exchange to be exempt from certain compliance requirements regarding related party transactions.
Auditor certification of financial metrics
To substantiate the claim, the company enclosed a certificate from its statutory auditor, Bandyopadhyay & Dutt Chartered Accountants. The certificate confirms that the financial metrics of the company remain within the prescribed limits for the relevant period.
The following table details the paid-up equity share capital and net worth for the last three financial years as certified by the auditor:
| Financial Year | Paid-up Equity Share Capital (₹ crore) | Net Worth (₹ crore) |
|---|---|---|
| 2025-26 | 6.30 | 16.22 |
| 2024-25 | 6.30 | 15.46 |
| 2023-24 | 4.095 | 5.67 |
Compliance status and regulatory framework
The declaration was signed by Sanjay Agarwal, Company Secretary and Compliance Officer, on October 22, 2026. The filing was addressed to the Bombay Stock Exchange Limited, noting the script code 544334.
Under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended in 2018, companies meeting the specified SME criteria are exempt from submitting half-yearly disclosures on related party transactions. This regulatory relief aims to reduce the compliance burden on smaller listed entities while maintaining transparency standards appropriate for their scale.
What the numbers show
A comparison of the audited figures reveals a significant expansion in the company's balance sheet strength over the last two years. While the paid-up capital remained stable at ₹6.30 crore between FY25 and FY26, it increased from ₹4.095 crore in FY24. More notably, the net worth grew from ₹5.67 crore in FY24 to ₹16.22 crore in FY26. This substantial increase in net worth, despite a flat paid-up capital in the most recent year, suggests significant retention of profits or other comprehensive income components during this period, reinforcing the company's eligibility for the SME exemption which is tied to net worth ceilings.
Historical Stock Returns for Indobell Insulations
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +0.14% | -8.31% | -8.71% | -31.11% | -29.06% |
How might Indobell Insulations' rapid net worth growth toward the ₹25 crore threshold impact its future compliance obligations if it approaches or exceeds the SME exemption limits?
What strategic factors drove the significant increase in net worth from FY24 to FY26, and is this growth trend sustainable for the company's long-term valuation?
Could SEBI introduce stricter disclosure requirements for SME-listed companies with growing balance sheets, potentially affecting Indobell's current regulatory relief?
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