Nel Holdings South Ltd - 533202 - Announcement Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Read With Schedule III Part A (A) (17) Of The SEBI LODR Regulations
This is to inform that the Company is in receipt of a letter from Securities and Exchange Board of India dated 12.10.2021 informing the Company of the appointment of Protiviti India Member Pvt Ltd., to carry out a forensic audit. In its letter, SEBI has stated that this appointment is in relation to disclosures of financial information and business transactions of the Company & to determine if there are any violations of the applicable provisions of the SEBI Act, 1992, the SCRA, 1956 or Companies Act, 2013 or other applicable laws, rules & regulations. It may be noted that the Company has strong internal controls & an effective audit system & believes that the Company has been and is compliant with the applicable laws & regulations. It may further be noted that in terms of SEBI (LODR) Reg 30, the Company had already disclosed Protiviti's appointment vide its letter dated Oct 13, 2021 & that the instant disclosure is being made in the interest of full and fair disclosure.17-11-2021