With reference to the subject cited we humbly submit to the Exchange that Annual Secretarial Compliance Report pursuant to Regulation 24A of SEBI (Listing Obligations and Disclosure Requirement) (Amendment) Regulations 2018 read with SEBI Circular dated 08.02.2019 and BSE circular dated 09.05.2019 and 14.05.2019 is not applicable to the Company as it does not attract provisions of Regulation 15(2) of SEBI (LODR) Regulations 2015 on Corporate Governance since paid up equity share capital is Rs.9 36 91 000 as on 31.03.2020 which is not exceeding Rs. 10 Crores and the net worth of the Company has not exceeded Rs. 25 Crores as on the last day of previous financial year (i.e. 31.03.2020) or during the financial year (2019-20).
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