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Servoteach Industries Ltd - Declaration With Respect To Non-Applicability Of Disclosure On Related Party Transaction For The Half Year Ended March 31, 2022
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11 Apr 2022
As per Regulation 15(2) of SEBI Regulations, 2015, as regards to the compliance with the corporate governance provisions as specified in Regulations 17 to 27 and clauses (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: (a) the listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the last day of the previous financial year. (b) the listed entity which has listed its specified securities on the SME Exchange. This is to inform you that our Company does not fall under the purview of above Regulation. Accordingly, our Company is not required to submit the Related Party Transaction disclosures as required under Regulation 23(9) of SEBI Regulations, 2015 and SEBI (Amendment) Regulations, 2018, since the paid up equity Share Capital and Net Worth as on date of the Company does not exceed Rs.10 crore and 25 crore respectively.
View all announcements for Servoteach Industries Ltd Source: BSE India