As per regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, every listed company shall be required to submit to the Stock Exchange 'disclosure of related party transactions' within 15 days from the date of publication of its financial results for the half year.
This is to inform you that, read with Regulation 15(2) of SEBI (LODR) Regulations, 2015, the above mentioned regulation shall not be applicable to our company as the paid-up share capital of the Company is Rs. 5.59 Crores and the Net worth of the Company is Rs. 12.13 crore, which does not exceed the prescribed limit of Rs. 10 Crores and Rs 25 Crores, respectively, as on the last day of the half year ended 31st March, 2022.
The Company, therefore, is not required to submit 'disclosure of related party transactions' as per regulation 23(9) of SEBI (LODR) Regulations, 2015.
Kindly take the same on record.
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