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Oswal Leasing Ltd. - Non-Applicability Of Disclosure Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

| Updated on June 20, 2019 Published on June 20, 2019

We would like to inform you that pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Compliances with the Corporate Governance provisions as specified in Regulations 17, 17A, 18, 19, 20, 21, 22, 23 ,24, 24A, 25, 26, 27 and clause (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.

Please take note that as per the latest Audited Accounts of the Company as at March 31, 2019, the paid up equity share capital of the Company is Rs. 50,00,000/- (Rupees Fifty Lakhs) and net worth of the Company is Rs. 2,20,94,620/- (Rupees Two Crores Twenty Lakhs Ninety Four Thousand Six Hundred and Twenty) which is below the threshold limit as specified under the said regulation.

Therefore, Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the provision of Regulation 23(9) of the SEBI (Listing Obligations and Regulations, 2015, as amended is not applicable to our Company.

Hence, Our Company is not required to submit Disclosure of related party transactions on a consolidated basis as required under Regulation 23(9) of the SEBI (LODR) Regulations, 2015.

This is for your information and record.

Pdf Link: Oswal Leasing Ltd. - Non-Applicability Of Disclosure Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Source : BSE - www.bseindia.com

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Published on June 20, 2019
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