This is to inform you that as per Regulation 15(2) of SEBI (LODR) Regulations, 2015, the compliance with the corporate governance provision as specified in regulation 17,17A,18,19,20,21,22,23,24,24A,25,26,27 and clause (b) to (i) of sub regulation 46 and para C, D and E of Schedule V shall not apply, in respect of the listed entity having paid up 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. Please take note that as per the latest Audited Account of the Company as at 31st March 2021 the paid up Equity Share Capital of the company is around 3 Crore and Net-worth is Around Rs 3.37 Crores. And in this regards the company is not required to submit Disclosure of the Related Party Transaction on a consolidated basis as per Regulation 23(9) of SEBI (LODR) Regulation 2015 for the quarter ended 31-03-2020. Request you to take the same on record and oblige. Thanking you
5.09 PM Jul 3rd
We take the quality of the messages posted on forum as seriously as our articles. Kindly follow our Code of Conduct and refrain from posting any abusive, promotional or gibberish content on forum.
Disclaimer : The views expressed in the forum are the views of the user writing the post, and not that of moneycontrol.com. You agree, by accessing this forum, that moneycontrol.com bears no liability for any posts on this forum or, any losses suffered by following any advice posted on this forum. moneycontrol.com operates this real time, open, unmoderated, private forum for users to exchange information and to discuss various investing techniques. moneycontrol.com or, its personnel do not post anything, or vet the content posted, on this forum. moneycontrol.com reserves the right to deny service to anyone. You, and not moneycontrol.com, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility.