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Add-Shop Promot
BSE: 541865NSE: ISIN: INE01B501018

25th-Oct-2021 18:43Source: BSE

Add -Shop Promotions - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations 2015

This is to inform you that Related Party Transactions disclosure as required under Regulation 23 (9) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 is not applicable to our company.

Further, we would like to clarify that Add-Shop E-Retail Limited ('Company') is claiming exemption under Regulation 15(2) of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 as Corporate Governance provisions shall not apply to listed entities having Paid up Equity share capital not exceeding Rs.10 Crores and Net worth not exceeding Rs. 25 Crores, as on last day of previous financial year.

Since, our Company is exempted under Regulation 15(2) or SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 and consequently the Company is also exempted from submitting the Related Party Transactions disclosure for the half year ended on 30th September, 2021 to the Stock Exchange.