Kachchh Minerals has informed that as per regulation 15(2) of the 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) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply, in respect of - The 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. The paid up equity share capital of the Company is Rs. 5,21,17,500 and the Net worth of the Company is also not exceeding Rs 25 crores as on the last day of the previous financial year i.e. March 31, 2019. Accordingly, the Company is not required to submit the Related Party Transaction disclosures as required under regulation 23(9) of SEBI (LODR), Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
