With reference to the captioned matter and in furtherance of submission of disclosure pertaining to non-applicability of Corporate Governance, we would like to reiterate that: 1. Paid up equity share capital of the Company as at 31st March, 2022 is Rs. 5,93,00,000/- that is, not exceeding Rs. 10 Crores and Net Worth as per last Audited Financial Statement of the Company as at 31st March, 2022, was Rs. 23,58,90,000/- which is not exceeding Rs. 25 Crores. 2. The Company does not have any material subsidiary as defined under Reg. 16(1)(c) of SEBI (LODR) Regulations, 2015. Accordingly, 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.