Megh Mayur Infra has informed that disclosure under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 is not applicable to the company. Further, the Company is claiming exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the provisions of Corporate Governance shall not apply to listed entities having paid up Equity Share Capital not exceeding Rupees 10 Crores and net worth not exceeding Rupees 25 Crore, as on the last day of Financial Year ended on 31.03.2019. Hence, the Company has not required submitting disclosure of related party transaction on a consolidated basis as the Company is exempted under Regulation 15(2) or SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015.
The above information is a part of company’s filings submitted to BSE.
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