Company Disclosure: SEBI LODR Regulation 27(2) Exemption Claim
Regulatory Basis for Exemption
The exemption is claimed under Regulation 15(2)(a) of Chapter IV of SEBI (LODR) Regulations, 2015. This regulation specifies that corporate governance provisions (Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 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 listed entities having:
- Paid-up equity share capital not exceeding ₹10 crore
- Net worth not exceeding ₹25 crore
as on the last day of the previous financial year (31 March 2026).
Financial Metrics Supporting Exemption
As per the audited financial statements for the previous financial year ended 31 March 2026:
- Paid-up equity share capital: ₹4.60 crore
- Net worth: ₹6.58 crore
Both figures are below the prescribed thresholds of ₹10 crore and ₹25 crore respectively.
Historical Financial Data
The submission includes certified financial data for the last three consecutive financial years:
| Financial Year Ended | Paid-up Equity Capital (₹ crore) | Net Worth (₹ crore) |
| 31 March 2026 | 4.60 | 6.58 |
| 31 March 2025 | 4.60 | 4.82 |
| 31 March 2024 | 4.60 | 5.54 |
Supporting Documentation
The submission includes:
1. A declaration duly signed by the Compliance Officer and Company Secretary, Dolly Dipesh Shah
2. A certificate from Practicing Company Secretary Alpi Nehra (Membership No: A38011, COP No: 14202) of Alpi Nehra & Associates, verifying the paid-up capital and net worth figures for the last three financial years
Effective Date
The exemption claim is effective for the quarter ended 30 September 2026, based on the financial position as of 31 March 2026.