Pursuant to Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, 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 listed entity which has listed its specified securities on the SME Exchange, Safa Systems & Technologies has informed that it is claiming exemption under Regulation 15(2) of the chapter IV of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 as: The listed entity which has listed its specified securities on the SME Exchange, further informed that the Company is listed on SME exchange. Hence, the compliance with the provision of Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable on the Company.
The above information is a part of company’s filings submitted to BSE.
