we would like to clarify that our company is claiming exemption under Regulation 15 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as Corporate Governance provisions shall not apply to listed entities having paid up Equity share capital not exceeding Rs. 10 Crores and net worth not exceeding Rs. 25 Crore, as on the last day of previous financial year. The paid-up Equity Share capital and Net Worth of the Company as on 31st March, 2023 (i.e as per last audited balance sheet) are Rs. 3,30,25,000/- and Rs. 3,85,57,613 /-respectively. In the view of the above, our company is exempted under Regulation 15 (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and consequently, it is also exempted from submitting Annual Secretarial Compliance Report for the year ended 31st March, 2023. Further, we assure you that our company shall comply with the regulation within 6 months from the date of its applicability.