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  <in-capmkt:ReasonForPartAOfAnnexureIOfTheSEBICircularDated31December2024RelatedToComplianceReportOnCorporateGovernanceIsNotApplicableToTheEntity contextRef="MainD">According to Regulation 15(2)(a) of SEBI (LODR) Regulation, 2015, the provisions of corporate governance as specified in Regulation 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply, in respect of Listed Companies having:
1.	Paid up Share Capital not exceeding Rs. 10 crores and
2.	Net worth not exceeding Rs. 25 crore
as on the last day of the previous financial year.

Since, the Companys Paid up Share Capital and Net worth as on the last day of previous financial year is as follows:

Particulars	                                             As on 31/03/2025(Rs. In lakhs)
Paid up Share Capital	                                    882.00
Net Worth	                                                   2045.05

Therefore, we hereby certify that the provisions of corporate governance as specified in Regulation 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clause (b) to (i) of sub-regulation (2) of regulation 46 and paras C, D and E of Schedule V of the SEBI (LODR) Regulation, 2015 is not applicable on the Company for the quarter ended 30th June, 2025.
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  <in-capmkt:NameOfTheUnlistedCompanyInWhichSharesOrVotingRightsHaveBeenAcquired contextRef="I_AcquisitionShares1">Hiliks Greens Private Limited</in-capmkt:NameOfTheUnlistedCompanyInWhichSharesOrVotingRightsHaveBeenAcquired>
  <in-capmkt:DateOfAcquisition contextRef="I_AcquisitionShares1">2025-04-20</in-capmkt:DateOfAcquisition>
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  <in-capmkt:NameOfTheOpposingParty contextRef="I_OngoingTaxLitigationsOrDisputes1">GST DEPARTMENT, MAHARASHTRA</in-capmkt:NameOfTheOpposingParty>
  <in-capmkt:DateOfInitiationOfTheLitigationDispute contextRef="I_OngoingTaxLitigationsOrDisputes1">2023-12-22</in-capmkt:DateOfInitiationOfTheLitigationDispute>
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  <in-capmkt:CurrentStatusOfTheLitigationOrDispute contextRef="I_OngoingTaxLitigationsOrDisputes1">Closed</in-capmkt:CurrentStatusOfTheLitigationOrDispute>
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