KD Leisures: Certificate Of Non-Applicability Of Regulation 23(9)

Subject: Non-applicability of Regulation 23 (9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
We would like to inform you that pursuant to Regulation 15(2) of SEBI (LODR) Regulations 2015 the compliance with the corporate governance provisions as specified in Regulations 17 17A 18 19 20 21 22 23 24 24A 25 26 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para C D and E of Schedule V shall not apply in respect of -

a) The listed entity having paid up equity share capital not exceeding rupees ten crores and net worth not exceeding rupees twenty five crores as on the last day of the previous financial year;

b) The listed entity which has listed its specified securities on the SME Exchange
We fall into category a) in view of above as our paid up equity capital is Rs. 32 400 000/- (Three Crore Twenty Four Lakhs) and net worth is Rs. 33 310 763/- (Three Crore Thirty Three Lakhs Ten Thousand Seven Hundred and Sixty Three Only) which is below threshold limit defined above. Therefore provision of Regulation 23(9) is not applicable to our Company.
Hence our Company is not required to submit related party transactions disclosures as required under Regulation 23(9) of the SEBI (LODR) Regulations 2015.