Quarterly Coporate Governance Report

As per Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the compliance with the Corporate Governance provisions specified in Regulations 17, 18, 19, 20, 21, 22, 23, 24, 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 to the following class of Companies:

a. The Listed companies having paid up Equity Share capital not exceeding Rs. 10 Cr. and Net worth not exceeding Rs. 25 Cr. as on the last day of previous financial year;

b. Companies whose equity share capital is listed exclusively on the SME Exchange.

Our Company falls in the ambit of aforesaid exemption (a), hence compliance with the Corporate Governance provisions specified in aforesaid Regulations shall not be applicable to our Company.