Krishna Ventures has informed that Annual Secretarial Compliance Report as specified under Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 read with BSE Circular dated 9th May, 2019 is not applicable to the company. As per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Corporate Governance provisions shall not apply to listed entities having paid-up equity share capital not exceeding rupees 10 Crores and net worth not exceeding rupees 25 Crores, as on the last day of previous financial year. As on March 31, 2018 the paid-up equity share capital of the Company is Rs 10,80,00,000 and the turnover of the Company is Nil as on date. Hence, as per the exemption provided under Regulation 15(2)(a) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, at present the requirement of submission of Annual Secretarial Compliance Report is not applicable to the Company.
The above information is a part of company’s filings submitted to BSE.
