APPLICABILITY PROVISIONS

In terms of Regulation 15 of Chapter IV of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 dated 2nd September, 2015 the provisions of Corporate Governance are applicable to all such listed entities which have :

• Paid up capital of Rs. 10 crore or more and/or
• Net worth as at the end of last financial year is Rs. 25 crore or more

NON-APPLICABILITY ON THE COMPANY

Since, the paid up capital of the company is below the applicable limit of Rs. 10 crore and also the net worth of the company as at the end of the last financial year is below the applicable limit of Rs. 25 crore, hence the provisions of the Corporate Governance as enumerated in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are presently not applicable on the Company.