Elitecon International Ltd. Press Release Nov 14 2024

As per Regulation 23(9) of SEBI (LODR) Regulations, 2015 a listed entityshall disclose its related party transactions on the date of publication of its financial results. However, the same is notapplicable to our Company.Further, we would like to inform you that our Company is exempted under Regulation 15 (2) of SEBI (LODR)Regulations, 2015. As per Regulation 15 (2) of SEBI (LODR) Regulations, 2015, the compliance with the corporategovernance provisions as specified in regulations 17, 17A, 18, 19, 20, 21,22, 23, 24, 24A, 25, 26, 27 and clauses (b) to(i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply to the listed entitieshaving paid up equity share capital not exceeding Rs. 10 Crore and net worth not exceeding Rs. 25 Crore, as on the lastday of the previous financial year.