Pan Electronics (India) Ltd

We state that our company is having paid up equity share capital not exceeding rupees Ten crore and Net Worth not exceeding rupees Twenty Five crore as on the last day of the previous financial year (i.e. 2022- 2023). Therefore we hereby claim exemption under Regulation 15(2) of SEBI (LODR) Regulations 2015 and consequently Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations 2018 shall not be applicable to us. In view of aforesaid and in terms of BSE Circular no. LIST/COMP/10/2019-20 dated 08/02/2019 BSE Circular dated 09/05/2019 and 14/05/2019 and BSE Notice No. 20230316-14 dated March 16 2023 r/w. Notice No. 20230410-41 dated April 10 2023 the provisions of Regulation 24A of SEBI(LODR) Regulations 2015 regarding submission of Annual Secretarial Compliance Report are not applicable to our Company and hence we are exempted from submitting the said Compliance Report.