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( 20 Nov 2020)
Bhilwara Technical - Non-Applicability Of Related Party Transactions Under Regulation 23 (9) Of SEBI (LODR) Regulations, 2015

This is in reference to the captioned subject that as per Regulation 15 (2) of SEBI (LODR) Requirements, 2015, it has been stipulated that the compliance with the corporate governance provisions as specified in Regulation 17 to 27 and Clauses (b) to (i) of Sub- Regulation (2) of regulation 46 and Para C, D, and E of Schedule V shall not be applicable in respect of:

The Listed Entity having paid-up equity share capital not exceeding Rupees 10 Crore and net worth not exceeding Rupees 25 Crore as on the last day of the previous financial year.

This is to inform you that the paid-up equity share capital and net worth of the Bhilwara Technical Textiles Limited is Rs. 5.84 Crore and Rs. 18.02 Crore as on March 31, 2020, which is less than the limit prescribed above. Hence, it is not mandatory for the Company to file the related party transactions for the half year ended 30th September, 2020 with the Stock Exchange as per Regulation 23(9) of SEBI (LODR) Requirements, 2015.