With reference to the subject mentioned above, we hereby submit to the Exchange that Annual Secretarial Compliance Report pursuant to Regulation 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 to the Company as it does not attract provisions of Reg 15(2) of SEBI (LODR) Regulations, 2015 on Corporate Governance as paid up equity share capital of the Company is not exceeding Rs. 10,00,00,000/-(Rupees Ten Crores only), further the Net-worth of the company is less than Rs.25,00,00,000/-(Rupees Twenty Five Crores only) as on 31.03.2020. In view of the above, we would like to submit that the Company is not required to submit Annual Secretarial Compliance Report for the year ended 31.03.2020 to the stock Exchange pursuant to the Regulation 24A of SEBI (LODR) (Amendment) Regulations, 2018.