REGARDING NON APPLICABILITY OF CORPORATE GOVERNANCE REPORT FOR THE QUARTER ENDED ON 31ST MARCH, 2019.

This is to inform you that, as per Regulation 15(2) of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, provisions of Corporate Governance shall not apply to listed entities having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore, as on the last day of the previous financial year. Paid up equity share capital and net worth of Kayel Securities Limited as on March 31, 2018 was Rs. 3,00,50,000 and Rs. 3,45,91,314 respectively.

Nonapplicability