Slone Infosystems Limited — Others, 11-11-2024: Related Party Transactions

SLONE INFOSYSTEMS LIMITED has announced a board meeting to confirm its non-applicability of Regulation 23(9) under SEBI's Listing Obligations, which applies to entities with paid-up equity share capital under ₹10 crore and net worth not exceeding ₹25 crore. As Slone falls within these thresholds and has listed its specified securities on the SME Exchange, it is exempt from submitting Related Party Transactions disclosures. This update may simplify compliance steps for the company, potentially allowing for more streamlined operations and enhancing management focus, which could be viewed positively by investors seeking clarity in corporate governance.