Kapil Raj Finance has informed that pursuant to Regulation 15(2) of SEBI (LODR) 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 clause (b) to (i) of Sub-Regulation (2) of Regulation 46 and Para C D and E of Schedule V shall not apply in respect of: a) 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; Since the Company does not have paid up equity and the Net worth of minimum level as per above therefore it is not covered under the said regulation. Hence the Company is not required to submit Related Party Transactions disclosure as required under Regulation 23 (9) of the SEBI (LODR) Regulations 2015.
The above information is a part of company’s filings submitted to BSE.
