Indian Phosphate Limited has clarified its corporate governance status.

As an SME-listed company, it remains exempt from most stringent corporate governance provisions.

However, an amendment effective April 1, 2025, now makes rules for Related Party Transactions applicable to the company.

This is due to its paid-up equity capital of 24.98 Cr and net worth of 149.16 Cr (as of March 31, 2025), both exceeding the 10 Cr and 25 Cr thresholds respectively.

This change enhances transparency for investors regarding related party dealings.