Goyal Associates has informed that, pursuant to the Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and 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 than Rs 10.00 Crores and Net worth of the Company is less than Rs 25.00 Crores as on 31.03.2022 and Company does not have any Holding, Subsidiary and Associate Company. As per the Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the compliance with the corporate governance provisions as specified in Regulations 17, [17A,] 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V shall not apply. As a result, the Company is not required to submit ‘Disclosures of the Related party Transaction on a consolidated basis as per Regulation 23 (9) of SEBI (LODR) Regulations, 2015’.
The above information is a part of company’s filings submitted to BSE.
