the paid-up share capital of Baba Arts Limited is less than Rs.10 Crores i.e. Rs.5,25,00,000/- and net worth of the Company is less than Rs.25 Crores i.e. Rs.19,37,77,086/- for the year ended 31.03.2021. Accordingly, pursuant to Regulation 15(2) of the Listing Regulations provisions of Regulation 17, 17A, 18, 19, 20,21,22,23,24,24A,25,26 and Clauses (b) to (i) and (t) of Sub Regulation (2 ) of Regulation 46 and Para C, D and E of Schedule V are not applicable to the Company. Further, the Company is not required to submit Corporate Governance Report. However, the Company has been submitting Corporate Governance Report under Regulation 27(2) of the Listing Regulations on voluntary basis. The Company also undertakes that whenever this regulation becomes applicable to our Company at a later date, the Company will comply with requirements of the above regulations within six months from the date on which the provisions become applicable to the Company. This is for your information.