Medico Intercontinental has informed that as per the provisions of 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), the compliances with corporate governance provisions as specified in Regulations 17 to 27 are applicable to the Company only if its paid up Capital exceeds Rs 10 Crores and if Net worth is above Rs 25 Crores. As on 30th September, 2020, the paid up share capital of the company is Rs 3,24,90,000 which does not exceed Rs 10 Crores limit and the Net Worth of the Company is Rs 5,78,21,942 which does not cross Rs 25 Crores. Hence, the compliance of provisions of Regulations 17 to 27 of SEBI (LODR) Regulations, 2015 is not applicable to the Company.
The above information is a part of company’s filings submitted to BSE.
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