Regulation 15(2)SEBI (LODR) Regulations, 2015 (the 'Listing Regulations'), the compliance with the Corporate Governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para-C, D and E of schedule V shall not apply in respect of:
1. The listed entity having paid up equity share capital not exceeding rupees ten crore and
2. The listed entity having net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year.
Accordingly, the Company is not required to submit the Related Party Transaction Disclosure as required under regn23(9) of Listing Regulations as the paid-up equity share capital of the Company is Rs. 3,45,00,000/- (Rupees Three Crore Forty-Five Lakhs Only) and the Net worth of the Company is Rs. 6,31,05,678/- (Rupees Six Crore Thirty-One Lakhs Five Thousand and Six Hundred Seventy-Eight Only) as on Year Ended 31st March, 2023
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