Shoora Designs Limited has confirmed that the disclosure requirements for Related Party Transactions under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to the company. The exemption is effective as the company is listed on the SME platform of BSE Limited and its financial metrics remain below the regulatory thresholds.

In a filing to the exchange on May 26, 2026, the company stated that compliance with specific corporate governance provisions, including Regulations 17 to 27 and certain clauses of Regulation 46, does not apply to entities listed on the SME Exchange. Furthermore, the paid-up equity share capital and net worth of the company do not exceed the limits prescribed under Regulation 15(2)(b) of the SEBI regulations.

Consequently, the provisions relating to Related Party Transactions under Regulation 23 are not applicable to Shoora Designs Limited. The company emphasized that it will continue to adhere to all other applicable listing compliance requirements.

The declaration was submitted by Priti Mohata, Company Secretary & Compliance Officer of Shoora Designs Limited. The communication was addressed to the Department of Corporate Services at BSE Limited.

Regulatory Exemptions for SME Entities

The following provisions are not applicable to the company due to its SME listing status:

Shoora Designs Limited has approved its standalone audited financial results for the half year and year ended March 31, 2026. The Board of Directors met on Tuesday, May 26, 2026, at 11:00 A.M. at the company's registered office in Surat to transact the business. M/s. Piyush Kothari & Associates, Statutory Auditors of the Company, issued an audit report with an unmodified opinion on the standalone audited financial results for the year ended March 31, 2026.

Financial Performance

The company reported a total income of ₹1,184.83 lakh for the year ended March 31, 2026, compared to ₹489.77 lakh in the previous year. Revenue from operations rose to ₹1,177.88 lakh from ₹486.20 lakh in the prior year. Total expenses for the year increased to ₹1,180.42 lakh from ₹486.70 lakh in FY25.

For the half year ended March 31, 2026, the company recorded a total income of ₹995.09 lakh and a profit of ₹1.62 lakh. The paid-up equity share capital remained unchanged at ₹462.37 lakh, while reserves and surplus stood at ₹1,541.73 lakh as of March 31, 2026.

Operational Details

The company is engaged in the manufacturing and trading of diamonds, primarily in Surat, Gujarat. Operations include sourcing rough, polished, and uncut diamonds from domestic suppliers and selling them to retail and wholesale operations in Gujarat and Mumbai. The status of investor complaints for the year ended March 31, 2026, was nil, with no complaints pending, received, disposed of, or unresolved.

The trading window for dealing in the securities of Shoora Designs, which was closed from April 1, 2026, for all designated persons and their immediate relatives, will reopen 48 hours after the declaration of the financial results. The intimation was signed by Priti Mohata, Company Secretary & Compliance Officer.