VR Logo

Shiva Suitings: Non-Applicability Of Regulation 23(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 For The Half Year Ended 30Th September 2021


This is to inform you that in terms of Regulation 23 (9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (hereinafter referred to as the SEBI (LODR) Regulations 2015) is not applicable to Shiva Suitings Ltd (hereinafter referred to as the Company) as the Paid-up Equity Share Capital of the Company is less than INR 10 Crores i.e. Rs. 1 55 03 950/- and the Net Worth of the Company is less than INR 25 Crores i.e. Rs. 1 83 58 920/- as on 31st March 2021 i.e. less than the requirements of Regulation 15 of SEI (LODR) Regulations 2015.

We hereby affirm that as and when the provision of Regulation 23 (9) of SEBI (LODR) Regulations 2015 becomes applicable to the Company at a later date the Company shall within 6 (six) months thereof comply with the requirements of disclosure of Related Party Transactions.

We request you to take note of the same.

Click here to view PDF