Rationale for Exemption
The company states that it is exempt from these disclosure requirements because it is listed on the SME portal of BSE Limited and does not exceed the threshold limits specified under Regulation 15 of the SEBI (LODR) Regulations, 2015.
Supporting Financial Certification
Enclosed with the submission is a certificate from the Practicing Company Secretary, M/s. Deep Shukla & Associates, which certifies the company's paid-up equity capital and net worth for the immediately preceding three consecutive financial years. The certified figures are:
| Financial Metric | 2025-26 | 2024-25 | 2023-24 |
| Paid-up Equity Capital (₹ Crores) | 2.28 | 2.28 | 1.68 |
| Net Worth (₹ Crores) | 9.25 | 8.83 | 3.55 |
Based on these figures, the PCS certifies that the prescribed threshold limits for the application of Regulation 23 were not exceeded as of the last day of the previous financial year (March 31, 2026).
Disclaimer
The PCS certificate includes a disclaimer stating that its opinion is limited solely to the applicability of Regulation 23 of the SEBI (LODR) Regulations, 2015.