Ind Bank Housing has informed that the compliance with the corporate governance provisions as specified in Regulation 17, 17A, 18, 19,20,21,22,23,24, 24A, 25, 26,27 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 previous financial year. The company does not fall under the purview of aforesaid regulations as the paid-up equity share capital as on 31.03.2024 is Rs.1 0,00,00,000 and net worth of the company is negative for the three financial years. Details enclosed.
The above information is a part of company’s filings submitted to BSE.
