Trust Fintech Limited — Important, 14-11-2024: Updates

Trust Fintech Limited has clarified that it is not required to submit disclosures of related party transactions as per Regulation 23(9) of SEBI regulations. This exemption applies because the company meets the criteria of having a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore, as well as being listed on the SME Exchange. The company reinforced its commitment to adhere to all other relevant compliance requirements. This serves as a positive indication of Trust Fintech’s strategic positioning within regulatory frameworks, potentially easing administrative burdens while focusing on business growth. Investors should watch for how this will enable the company to allocate resources more effectively without compromising governance standards.