MONIND LTD - Non- Applicability Of Related Party Transactions Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended March 31, 2023

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Monind Ltd - Non- Applicability Of Related Party Transactions Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended March 31, 2023

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30 May 2023
With reference to the subject mentioned above, we hereby submit to the Exchange that Related Party transactions pursuant to Regulation 23 of SEBI (Listing Obligation and Disclosure Requirement) (Amendment) Regulations, 2018 is not applicable to the Company as it does not attract provisions of Reg 15(2) of SEBI (LODR) Regulations, 2015 on Related Party since paid-up Equity Capital of the Company is Rs. 3,68,12,620/- which is not exceeding Rs. 10 Crores and the Net worth of the Company is Rs. (2,303,817,380)/- which is not exceeding Rs. 25 Crores as on the last day of the previous financial year i.e 31.03.2022 or during the Financial year (2021-22). In view of the above, we would like to submit that the Company is not required to related party transactions for the year ended 31.03.2023 to the stock Exchange/s pursuant to the Regulation 23 of SEBI (Listing of Obligation and Disclosure Requirement) (Amendment) Regulations, 2018
View all announcements for Monind Ltd	Source: BSE India

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