Annual Corporate Governance Report
Non-applicability of Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
Dear Sir,
We hereby confirm that the paid up Equity capital of Mardia Samyoung Capillary Tubes Company Ltd is Rs. 6,96,14,100/- and the Networth of the company is Rs. 4,89,22,000/- (have mentioned as on 30.09.2023 (mention as on 31.03.2024) hence as per Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;
a) Companies having paid up equity share capital not exceeding Rs.10 crore and Net Worth not exceeding Rs. 25 crore, as on the last day of the previous financial year;
Regulation 27 shall not be mandatory to such class of companies.
Accordingly, it may be noted that the paid up share capital of the Company is below Rs. 10 crore and Net Worth of the Company has not exceeded Rs.25 crore, as on 31st March 2024 and hence Corporate Governance is not applicable to the Company.
- 2023-2024