Vera Synthetic has triggered the compliance threshold for related party transactions under Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective from March 27, 2025. This development necessitates the company to adhere to stricter disclosure norms for related party transactions starting from the financial year ended March 31, 2026.

The threshold was triggered as the company's net worth exceeded ₹25 crore as on March 31, 2026. According to a certificate from Raj Shah & Co, Chartered Accountants, the company reported a net worth of ₹26,48,11,783 and a paid-up equity share capital of ₹4,93,50,000 on the said date. The regulations apply to listed entities on the SME Exchange that surpass either the paid-up equity share capital limit of ₹10 crore or the net worth limit of ₹25 crore.

Compliance Applicability

The provisions of Regulation 23 will be applicable to Vera Synthetic for the financial year ended March 31, 2026, and the half year ended September 30, 2026. The company clarified in its disclosure to the National Stock Exchange of India that the limit was not triggered for the half year ended September 30, 2025, and hence the regulations were not applicable for that period.

The disclosure was submitted pursuant to Regulation 23(9), which requires listed entities to submit details of related party transactions every six months alongside the publication of standalone and consolidated financial results. The company confirmed that the disclosure is applicable from the financials of September 30, 2026.

Financial Metrics as on March 31, 2026

vera synthetic disclosed that its promoter, Sunil D. Makwana, did not encumber any shares during the financial year 2025-26. The confirmation, submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, applies to the promoter and persons acting in concert. As of March 31, 2026, zero shares of the company were pledged or encumbered.

The disclosure was filed with the National Stock Exchange of India Limited on April 7, 2026. The filing confirms that no shares were encumbered directly or indirectly by the promoters or their group during the specified period.

Key Disclosures

The company secretary, Kruti Nitinbhai Shah, signed the disclosure on behalf of Vera Synthetic Limited. The filing was addressed to the Manager of the National Stock Exchange of India Limited.