Pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 2015, compliance with 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) of sub-regulation (2) of regulation 46 and Para C, D and E of schedule V shall not apply in respect of listed entity having paid up equity share capital not exceeding rupees ten crore & net worth not exceeding rupees twenty five crore as on the last day of previous financial year. As per latest Audited Financial Statements of the Company as at 31st March, 2021; the paid-up Equity Share Capital of the Company is Rs. 4,04,93,808/- and Net Worth is Rs. - 9,70,90,724/-. Thus Company qualifies for exemption as per Reg. 15(2) of SEBI (LODR) Regulations, 2015. Therefore it may be further noted that as Company has not exceeded the prescribed limits mentioned in para 1 of this letter, disclosure required under Regulation 24A of SEBI (LODR) Regulations, 2015 are not applicable.