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Asia Capital Ltd.

BSE: 538777 Sector: Financials
NSE: N.A. ISIN Code: INE131Q01011
BSE 05:30 | 01 Jan Asia Capital Ltd
NSE 05:30 | 01 Jan Asia Capital Ltd

Non-Applicability Of Regulation 23 (9) Of The SEBI (LODR) Regulations 2015

June 6, 2019, 2:10 pm | Source: BSE | Downlaod PDFDownload PDF

Dear Sirs

It may please be noted that as per regulation 15 (2) of the SEBI (LODR) Regulations 2015 the compliance with the corporate governance provisions as specified in regulation 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 in respect of:

The listed entity 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:

Hence our Company is not required to submit Related Party Transaction disclosure as required by regulation 23 (9) of the SEBI (LODR) Regulations 2015 as the paid up share capital of the Company is Rs. 30920000/- and the net-worth of the Company as on 31st March 2018 is Rs. 36678757/-.

Please note that the Company will continue to comply with all other applicable listing compliances.

Kindly take the same on your record.