AXEL POLYMERS LTD. - 513642 - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) (Amendment) Regulations, 2018, For The Half Year Ended On 30.09.2019
Dear Sir/ Madam, Ref. Disclosures of Related Party Transaction on a Consolidated basis. This is to inform you that pursuant to the Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the provisions of the Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended is not applicable to the Company as the Paid up Equity Share Capital of the Company is less that Rs. 10.00 Crores and Net worth of the Company is less than Rs. 25.00 Crore as on 31st March, 2019. We request you to take the above submission on record.19-11-2019