Avon Mercantile has certified that in order to comply with the provisions of Regulation 27(2) of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, read with Regulation 15(2) of Chapter IV of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, the paid up capital of Avon Mercantile (the Company) having the registered office at S Global Knowledge Park, 19A & 19B, Sector-125, Gautam Buddha Nagar, Noida, Uttar Pradesh-201301, is less than Ten Crores INR 7,50,00,000 and the Net Worth of the Company is less than Twenty Five Crores as on the last day of the quarter ended 30th September, 2021; Rs 9.8 Crores approx. Since, the audited figures for the quarter ended 30th September, 2021 is still awaited, the exact figure of net worth cannot be stated here. Therefore, it is not required to submit Corporate Governance Report for the quarter ended 30th September, 2021. The Company also undertaken that whenever this regulation becomes applicable to the Company at a later date, the Company will comply with the requirements of the above regulations within six months from the date on which the provision becomes applicable to the Company.
The above information is a part of company’s filings submitted to BSE.