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Indo US Bio-Tec
BSE: 541304NSE: ISIN: INE250Z01010

16th-Nov-2021 10:55Source: BSE

Indo US Bio -Tech - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015

As per Regulation 23(9) SEBI (LODR) Regulations, 2015, every listed company shall be required to submit ''Disclosures of related party transactions on a consolidated basis'' within 30 days from the date of publication of its standalone and consolidated financial results for the half year.

This is to inform you that, read with Regulation 15(2) of SEBI (LODR) Regulations, 2015, the above requirement shall not be applicable to our company as the Paid-up Share Capital is less than Rs. 10 Crore and Net Worth of the Company is less than Rs. 25 Crores as on 30/09/2021.

The Company, therefore, is not required to submit ''Disclosures of the Related Party Transaction on a consolidated basis'' as per Regulation 23(9) of SEBI (LODR)Regulations, 2015.

Kindly take the same on your record.