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, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (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
a) The listed entity having paid up equity share capital not exceeding rupees ten crores and net worth not exceeding rupees twenty five crores, as on the last day of the previous financial year;
Kindly take note that the Company is covered under clause ('a") as mention above as Paid-up Share Capital is Rs. 4 Crore and Net worth is Rs. 3.83 Crore of the Company. Therefore, provisions of Regulation 24A are not applicable to our Company.
Hence, our Company is not required to submit Annual Secretarial Compliance Report as required under Regulation 24A of the SEBI (LODR) Regulations, 2015.
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