Bhanderi Infracon Limited has submitted a formal disclosure to BSE Limited regarding the non-applicability of escrow payment mechanism requirements to the company.
The disclosure is made with reference to Para 4 of Continuous disclosures and compliances by listed entities under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, as per circular number 2015SEBI/HO/DDHS/CIR/P/134/2019 dated November 13, 2019.
The company explicitly states that the requirement for submission of the Escrow Payment Mechanism is not applicable to Bhanderi Infracon Limited. This is because the company has not issued and does not currently have any instruments or arrangements that would require such a mechanism under the relevant SEBI Regulations.
The communication serves as a formal clarification to BSE Limited and requests that this clarification be taken on record. The document is signed by Rinkal Ajay Patel, who holds the positions of Company Secretary and Compliance Officer for Bhanderi Infracon Limited.
The company's registered office is located at B/12, Jabuka Complex, Nr. Bajrang Ashram, Below Vikas School, NH - 8, Thakkar Bapanagar, Ahmedabad, Gujarat 382350, with phone number 7900941000 and email addresses bhanderiinfracon@gmail.com and bhanderi.info@gmail.com. The company's CIN is L45201GJ2004PLC044481.