Valley Magnesite Co has informed that Annual Secretarial Compliance Report under regulation 24A of SEBi (Listing Obligations and Disclosure Requirements) Regulations,2015 as amended is not applicable to the Company. Further, the company has informed that it is claiming exemption under Regulation 15(2) of SEBI (Listing Obligations and Disclosure requirements) Regulation, 2015 as Corporate Governance provisions shall not apply to listed entities having paid up Equity Share Capital not exceeding Rupees 10 Crores and net worth not exceeding Rupees 25 Crore, as on the day of previous financial year. Hence, the company is not required to submit Annual Secretarial Compliance Report as the Company is exempted under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
