PHOTOQUIP INDIA LTD. - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015
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| 23 Nov 2020 | |
| We would like to inform you that pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 2015, the compliance with the corporate governance provisions as specified in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clause (b) to (i) of Sub-Regulation (2) of Regulation 46 and Para C, D and E of Schedule V, shall not apply, in respect of:<BR> a)The listed entity having paid-up equity share cap. not exceeding rupees 10 cr and net worth not exceeding rupees 25 cr as on last day of the previous financial year;<BR> b)The listed entity which has listed its specified securities on the SME Exchange.<BR> We fall into category a) as above because our paid-up equity share capital was Rs. 4.80 Crore and net worth was Rs. 16.13 Crore on the last day of the previous financial year, therefore, Regulation 23 (9) is not applicable to our Company.<BR> <BR> Hence, our Company is not required to submit Related Party Transactions disclosure as required under Regulation 23 (9) of the SEBI (LODR) Regulations, 2015. | |
| View all announcements for PHOTOQUIP INDIA LTD. | Source: BSE India |
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