Mayur Floorings exempt from related party transaction disclosure norms

1 min read     Updated on 25 May 2026, 09:25 PM
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Mayur Floorings Limited has informed the stock exchanges that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to it. The company cited Regulation 15(2) of the regulations, noting that its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as on the last day of the previous financial year. Consequently, the company is exempt from submitting disclosures related to related party transactions under this specific regulation.

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Mayur Floorings has confirmed that Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the entity. This regulation mandates the submission of disclosures regarding related party transactions for listed entities. The company stated that the exemption arises because its financial metrics fall below the thresholds specified in the regulations.

The disclosure was submitted to the stock exchange on May 25, 2026. The company cited Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides exemptions from corporate governance provisions for certain listed entities based on their size. Specifically, the regulation states that compliance with provisions including Regulation 23(9) does not apply to entities meeting specific capital and net worth criteria.

The table below outlines the criteria that exempt Mayur Floorings from the regulation:

S. No. Particulars
01 The listed entity having paid up equity share capital not exceeding rupees ten crores and net worth not exceeding rupees twenty-five crores, as on the last day of the previous financial year;

Pursuant to Regulation 15(2)(b) of the SEBI (LODR) Regulations, 2015, the provision of Regulation 23(9) related to the submission of related party transactions disclosure is therefore not applicable. The filing was signed by Mahavir N Sundrawat, Managing Director, on behalf of Mayur Floorings Limited.

Historical Stock Returns for Mayur Floorings

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-1.71%+43.36%-0.22%+33.75%+358.75%

How might the exemption from related party transaction disclosures affect investor confidence in Mayur Floorings' corporate governance standards?

What growth strategies could Mayur Floorings pursue to increase its paid-up capital and net worth beyond the regulatory thresholds?

Could this exemption lead to increased scrutiny from regulatory bodies or shareholders regarding potential conflicts of interest?

Mayur Floorings Board Meeting Scheduled on May 25, 2026 to Approve FY26 Audited Financial Results

1 min read     Updated on 18 May 2026, 12:57 PM
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Mayur Floorings has scheduled a Board of Directors meeting on May 25, 2026, at 05:00 P.M. via Video Conferencing, pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015. The primary agenda is to consider and approve audited financial results for the financial year ended March 31, 2026. Additional agenda items include committee reports, potential changes to office bearers, director disclosures for FY 2026-27, and statutory authorizations. The Trading Window remains closed until 48 hours after the declaration of results, as per the notice dated March 25, 2026.

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Mayur Floorings has informed the BSE of a forthcoming Board of Directors meeting scheduled for Monday, May 25, 2026, at 05:00 P.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Director Mahavir N Sundrawat (DIN: 01928303) and submitted on May 16, 2026.

Purpose of the Board Meeting

The primary objective of the meeting is to consider, approve, and adopt the audited financial results of the company for the financial year ended March 31, 2026, as required under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, read with applicable Listing Agreements.

The full agenda for the meeting is outlined below:

Agenda Item: Details
Financial Results: Consider, approve and adopt audited financial results for FY ended 31/03/2026
Committee Reports: Review of reports from various committees
Office Bearer Changes: Appointment/Resignation of Auditor, Secretarial Auditor, Scrutinizers, Company Secretary, Director, if any
Director Disclosures: Take note of disclosures of interest received from Directors for FY 2026-27
Statutory Work: Authorization for statutory work and filings, if any
Business Review: Performance review and business proposal, if any
Other Matters: Any other matter with the permission of the Chairman

Trading Window Closure

In accordance with the Notice for closure of Trading Window dated March 25, 2026, the Trading Window remains closed until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026. This closure is in line with applicable SEBI insider trading regulations.

Key Meeting Details

  • Meeting Date: Monday, May 25, 2026
  • Time: 05:00 P.M.
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Regulatory Reference: Regulation 29 of SEBI (LODR) Regulations, 2015
  • Signatory: Mahavir N Sundrawat, Director (DIN: 01928303)
  • Date of Intimation: May 16, 2026

The company's registered office is located at Plot No 5 & 6 (A), Road No 4, Dahod Road, Industrial Area, Banswara, Rajasthan – 327001.

Historical Stock Returns for Mayur Floorings

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-1.71%+43.36%-0.22%+33.75%+358.75%

How might Mayur Floorings' FY2026 audited financial results compare to industry peers in the flooring sector, and what revenue growth trajectory could investors expect?

Will the potential appointment or resignation of key office bearers like the Company Secretary or Directors signal any strategic shift in Mayur Floorings' management direction?

How could any dividend announcement or capital allocation decision emerging from this board meeting impact the stock's performance post-trading window reopening?

More News on Mayur Floorings

1 Year Returns:+33.75%