Sub : Non applicability of provisions of Large Corporate. Ref : SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018 144 dated November 26, 2018 read with amendments vide notifications dated August 10, 2021 and April 13, 2022. With reference to the above cited subject and reference , we would like to confirm that for the financial year ended March 31, 2023, Bal Pharma Limited ('the Company') is not a large corporate as the criteria notified by the above referred circulars for large corporates are not applicable to the Company.