(Compliance report in respect of the requirements of Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 of (SEBI (Listing Obligation and Disclosure requirement) Regulation, 2015) to be submitted by a Statutory Auditor / Practicing Company Secretary on their letterhead in original) To, Head - Listing Operations, BSE Limited, P.J. Towers, Dalal Street, Fort, Mumbai 400 001. – Sub: Application for listing of ________ equity shares of (name of the company) under direct listing This is with reference to the captioned application, we hereby confirm that the company satisfies all the conditions as stipulated in Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 of (SEBI (Listing Obligation and Disclosure requirement) Regulation, 2015),as given hereunder: Sr.No. Requirements Compliance (i) The Board of directors of the Complied/ Not complied company has a composition of Total Board Members: executive and non-executive Executive Members: directors with not less than fifty Non-executive Members: percent of the board of directors comprising of non-executive directors (ii) Where the Chairman of the Board Status of Chairman “Executive/ non-executive director, at least Promoter” of the Board should comprise of independent directors and in case he Independent members is an executive director, at least half Non-independent members of the Board should comprise of independent directors. Where the non-executive Chairman is a promoter of the company or is related to any promoter or person occupying management positions at the Board level or at one level below the Board, at least one-half of the Board of the company shall consist of independent directors. (iii) The independent director as mentioned at sub-clause (ii) above, is the non-executive director who complies with the following: a apart from receiving director’s We confirm that none of the remuneration, does not have any independent director of the company material pecuniary relationships or have any material pecuniary transactions with the company, its relationships or transactions with the promoters, its directors, its senior company, its promoters, its directors, management or its holding company, its senior management or its holding its subsidiaries and associates which company, its subsidiaries and may affect independence of the associates director
(Compliance report in respect of the requirements of Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 of (SEBI (Listing Obligation and Disclosure requirement) Regulation, 2015) to be submitted by a Statutory Auditor / Practicing Company Secretary on their letterhead in original) To, Head - Listing Operations, BSE Limited, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001. Sub: Application for listing of ________ equity shares of (name of the company) under direct listing This is with reference to the captioned application, we hereby confirm that the company satisfies all the conditions as stipulated in Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 of (SEBI (Listing Obligation and Disclosure requirement) Regulation, 2015),as given hereunder: Sr.No. Requirements Compliance (i) The Board of directors of the company has a composition of executive and non-executive directors with not less than fifty percent of the board of directors comprising of non-executive directors Complied/ Not complied Total Board Members: Executive Members: Non-executive Members: (ii) Where the Chairman of the Board non-executive director, at least of the Board should comprise of independent directors and in case he is an executive director, at least half of the Board should comprise of independent directors. Where the non-executive Chairman is a promoter of the company or is related to any promoter or person occupying management positions at the Board level or at one level below the Board, at least one-half of the Board of the company shall consist of independent directors. Status of Chairman “Executive/ Promoter” Independent members Non-independent members (iii) The independent director as mentioned at sub-clause (ii) above, is the non-executive director who complies with the following: a apart from receiving director’s remuneration, does not have any material pecuniary relationships or transactions with the company, its promoters, its directors, its senior management or its holding company, its subsidiaries and associates which may affect independence of the director We confirm that none of the independent director of the company have any material pecuniary relationships or transactions with the company, its promoters, its directors, its senior management or its holding company, its subsidiaries and associates