Sky Industries has informed that, pursuant to Regulation 15(2) of the Listing Regulations, the compliance with the Corporate Governance provisions as specified from Regulations 17 to 27 and Clauses (b) to (i) and (t) of sub regulation (2) of Regulation 46 and Para C, D and E of Schedule V, shall not be applicable in respect of the Listed Entity having paid-up equity share capital not exceeding Rs 10 Crore and net worth not exceeding Rs 25 Crore as on the last day of the previous financial year. As on the last day of previous Financial Year March 31, 2022, the paid-up equity share capital of the Company stands at Rs 6.85 Crore and Net worth stands at Rs 32.88 Crore. Therefore, the Company is not required to submit the disclosures for related party transactions for the half year ended on March 31, 2022, as it does not meet the criteria of applicability.
The above information is a part of company’s filings submitted to BSE.
