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In reference to Clause 15(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 would be applicable to all listed companies whose equity shares are listed on recognized stock exchange. However, the Compliance with the provision of Regulation 15(2A) shall be mandatory only to following class of companies: “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.” In
context to the above stated criteria for the Compliance with the provisions
of Regulation 27(2A) of SEBI (Listing Obligation and Disclosure Requirements)
Regulation, 2015, the Company is having Paid-up Share Capital of Rs. 3,00,00,000/-.
Accordingly the Company does not fall within the aforesaid limit and thus
the compliance or disclosure in relation to the same is not applicable
to the Company.
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