Danlaw Technologies India has informed that pursuant to Regulation 15 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the compliance with the Corporate Governance provisions as specified in Regulation 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 apply, in respect of the listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the last day of the previous financial year. It may further noted that neither the paid up share capital of the Company exceeds Rupees Ten Crores nor net worth of the Company exceeds Rupees Twenty Five Crores. Therefore, the company is not required to submit the disclosure of Related Party transactions on a consolidated basis under Regulation 23 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended on 30.09.2022.
The above information is a part of company’s filings submitted to BSE.
