Pursuant to Regulation 15(2)(a) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the compliance with the provisions of Regulation 24A with related to Secretarial Audit shall not apply in respect of 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. As per latest Audited Financial Statements of the Company as at 31st March, 2022; the paid-up Equity Share Capital of the Company is Rs. 4,04,93,808/- and Net Worth is Rs. 9,89,75,364/-. Thus the Company qualifies for exemption as per Regulations 15(2) of SEBI (LODR) Regulations, 2015. Therefore it may be further noted that as the Company has not exceeded the prescribed limits mentioned in para 1 of this letter, the disclosure required under Regulation 24A of SEBI (LODR) Regulations, 2015 are not applicable for the financial year ended on March 31, 2023.