CORPORATE GOVERNANCE REPORT

Non- Applicability of Corporate Governance

    With respect to the Corporate Governance Report, This is to inform that :
  • The paid up Capital of our Company is Rs. 15300000 which is below the limit i.e. Rs. 10 Crore as prescribed by the Regulation 15 of Chapter IV of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Dated 02nd September, 2015; And
  • The Net worth of the Company as on the end of the last financial year is below the limit i.e. Rs. 25 Crore as prescribed by the Regulation 15 of Chapter IV of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dated 02nd September, 2015.
  • Therefore, since the Company is not falling under the criteria mentioned in the abovementioned SEBI circular, the provisions of the Corporate Governance as enumerated in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable on the Company.