We would like to inform you that pursuant to Regulation 15(2) of SEBI (LODR) Regulations, 2015, the compliance with the corporate governance provisions as specified in Regulations 17 17A, 18, 19, 20, 21, 22, 23, 2424A, 25, 26, 27 and clause (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:\r\n\r\n a) The listed entity having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty-five crore, as on the last day of the previous financial year;\r\n\r\n b) The listed entity which has listed its specified securities on the SME Exchange. \r\n\r\nSince our Company does not have paid up equity and the Net worth of minimum level as per above referred regulation, therefore we are not covered under the said regulation. Hence our Company is not required to submit Related Party Transactions disclosure as required under Regulation 23 (9) of the SEBI (LODR) Regulations, 2015. \r\n