Lippi Systems has informed that pursuant to the Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the provisions of the Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended is not applicable to the Company as the Paid up Equity Share Capital of the Company is less that Rs 10.00 Crores and Net worth of the Company is less than Rs 25.00 Crore as on 31st March, 2021.
The above information is a part of company’s filings submitted to BSE.