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. The Paid up Equity Share Capital of the Company was Rs 4,44,13,000 (Four crores Forty Four Lakhs Thirteen Thousand Oly) and Negative Net worth of the Company was Rs 12,09,05,794 (Twleve Crores Nine Lacs Five Thousand Seven Hundred Sixty One Only) as at March 31, 2023. 2. The Company does not have any material subsidiary as defined under Reg. 16(1)(c) of SEBI (LODR) Regulation, 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 clause (b) to (i) of sub regulations (2) of regulations 46 and Para C , D and E of Schedule V Shall not apply.