Svarnim Trade Udyog : Non-applicability of Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
April 13, 2024 at 05:35 am
Share
To,
Date: 13th April, 2024
To,
BSE Limited
The Head - Listing & Compliance
Phiroze Jeejeebhoy Tower,
Dalal Street,
Metropolitan Stock Exchange of India Limited
Exchange Square, Suren Road, Chakala,
Mumbai - 400 001
Andheri (East), Mumbai - 400 093
Security Id: SNIM
Symbol: SVARNIM
Script Code: 539911
Series: EQ
Dear Sir / Madam,
Sub: Non‐applicability of Regulation 27 of SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015
We hereby inform that as per Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, compliance with the corporate governance provisions as speci ied in regulations 17, [17A], 18, 19, 20, 21, 22, 23, 24, [24A], 25, 26 and 27 are not applicable to the Companies mentioned below:
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;
The Company which has listed its specified securities on the SME Exchange.
The Paid-up Equity Capital of the Company is Rs. 2.43 Crore and Net worth of the Company is Rs. 0.03 Crore as on 31st March, 2023.
Accordingly, it may be noted that the Paid up Equity Capital of the Company is below Rs. 10 Crore and Net worth of the Company is not exceeding Rs. 25 Crore, as on 31st March, 2023 and hence
Corporate Governance Provisions are not applicable to the Company for the quarter ended on 31st March, 2024.
Kindly take the same on your record and oblige us.
Svarnim Trade Udyog Ltd. published this content on
13 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 April 2024 09:34:02 UTC.
Svarnim Trade Udyog Limited is an India-based company, which is mainly engaged in the business of trading in textile products. The Company is engaged in the business of trading of textiles including cotton, poly cotton, and all kind of synthetic fabrics. Its product range includes both finished and unfinished fabrics, offered in various widths ranging from 36-120 inches. The Company is engaged in supplying fabrics to local and merchant exporters and fabric selling agents for various reputed textile mills across India. It is also engaged in the business of general order suppliers, contractors, commission agent and dealers in cotton, jute, cotton goods, jute goods, garments, yarn, synthetic goods, fibrous materials, building materials, office appliances, domestic appliances and furniture. The Company also invests in properties and construction business. It has a network of agents and distributors in Ahmedabad, Delhi, Mumbai, Kolkata, Madras, Lucknow, Jaipur and Jodhpur.
SVARNIM TRADE UDYOG LIMITED 
