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Dear /Sir,
Sub: Application for waiver of fine under SEBI SOP circular dated January 22, 2020 along with Clarification with respect to Non-compliance with the
relevant provisions of SEBI (LODR), 2015.
Ref: Your email dated February 22, 2024 for waiver of penalty.
With reference to above, we hereby apply for full waiver of fines and fines against which the partial waiver of fines, levied pursuant to the provisions of
SEBI SOP circular dated January 22, 2020 with reasons as mentioned below:
Regula for the Compliance Due Date Submission Fine Company's Contentions Annexure (if any) in support
tion period Status Date of contention from the
Company
6(1) Dec-23 Non 31000 The company has been diligently searching We have attached email
compliance for a suitable candidate to fill the position communications with the
of Company Secretary and Compliance candidates marked as
Officer since the resignation of our Annexure-A, detailing our
previous Company Secretary and efforts in the recruitment
Compliance Officer. As a listed company, it process.
is imperative for us to ensure that the
individual appointed possesses the
requisite expertise in managing secretarial
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compliance in a listed company.
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imposed under the SEBI SOP Fines Circular,
taking into account our longstanding
commitment to compliance and the
extenuating circumstances surrounding this
particular instance.
Looking at the aforementioned reasons with relevant supporting documents evidencing the same. We hereby seek waiver of the penalty/ fines levied
under SEBI SOP circular.
The company hereby undertake that all the compliance related to SEBI (Listing of Obligation and Disclosure requirement) Regulations, 2015 and all other
applicable compliances will be complied in timely manner as prescribed under the respective regulations and act. Further, we have paid Rs.11,800
(Rs.10000 + 1800 GST) vide UTRN _______________ dated ____________ towards waiver application processing fees and proof of payment is attached
herewith and marked as “Annexure-B “. The details of enclosures by way of Index are as under for your ready reference:
2 Email communications with the candidates marked as Annexure-A, detailing our efforts A
in the recruitment process
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Please consider our application positively for waiver of penalty/fines. In case, Exchange deems fit and necessitates, Company is ready for personal
hearing, as and when required by the Exchange.
Yours faithfully,
Gautam Khandelwal
Whole Time Director
DIN: 00270717
Encl.: As above