We would like to inform you that Regulation 15(2) of the SEBI (LODR) Regulations, 2015 grants certain relaxations which states as under - 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) and (t) 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 Crore and net worth not exceeding Rupees Twenty-Five Crore, as on the last day of the previous financial year. Further we would like to state that we are a listed company having a paid-up Equity Share Capital of Rs. 4,14,53,000.00 and a Net-worth of Rs. 9,65,95,104.00 as on 31.03.2022 In view of the relaxation as provided above, REG 24A of SEBI (LODR) (Amendment) Regulations, 2018 read with SEBI Circular dated 08.02.2019 and BSE Circular dated 09.05.2019 and 14.05.2019 is not applicable on us.