06:51 PM, 28th Dec 2022
As per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the compliance with the Corporate Governance provisions 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. 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. listed entity which has listed its specified securities on the SME Exchange. In this connection we wish to submit that Company falls in the ambit of exemption provided in aforesaid clause (b); hence compliance with the disclosure specified in Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 shall not be applicable to the Company for the half year ended 30th September 2022.