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Non-applicability of Corporate Governance provisions specified vide Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to the Company:


With reference to captioned subject, we would like to apprise that pursuant to the provisions of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submission of Corporate Governance Report under Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the Companies having paid-up equity share capital not exceeding Rs. 10 Crore and Net Worth not exceeding Rs. 25 Crore, as on the last day of the previous financial year.

 

With respect to above, we would like to state that as per the latest Audited Accounts of the Company as at 31st March 2015, the paid-up Equity Share Capital and the Net Worth of the Company was Rs. 9,800,000/- and Rs. 15,134,074/- respectively, so Company is covered under exemption limit, hence Compliance related to Corporate Governance provisions as mandated vide Regulation 27(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to our Company.