| Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? | false | the paid-up Equity capital of the Company is Rs. 86,459,650/- (Eight Crores Sixty-Four Lakhs Fifty-Nine Thousand Six Hundred and Fifty only) and the net worth of the company was Rs. 10,11,40,000/-(Ten Crores Eleven Lakhs Forty Thousand only) as on 31.03.2025.
And as per Regulation 15 (2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 corporate governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 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 to the following class of companies:
(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 yea.
Accordingly, it may be noted that the paid-up share capital of the Company is below Rs. 10 crore and Net Worth of the Company has not exceeded Rs.25 crore, as on 31st March, 2025. Thus, the corporate governance report is not applicable to the company for the quarter ended June, 2025. |