TAC Infosec Limited Announces Non-Applicability of Disclosure of Related Party Transactions as per SEBI Regulations

https://nsearchives.nseindia.com/corporate/TAC_24052024183244_Non_Applicability.pdf

Mumbai, India – May 24, 2024 – TAC Infosec Limited (NSE: TAC) announces that in accordance with Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the disclosure requirements for related party transactions under Regulation 23(9) of the SEBI Listing Regulations are not applicable to the company.

Key Points:

1. Regulatory Compliance:
   TAC Infosec Limited, having listed its equity shares on the NSE Emerge Platform of the National Stock Exchange of India Limited (SME Exchange – NSE), falls under the purview of Regulation 15(2) of the SEBI Listing Regulations. This regulation specifies that compliance with certain corporate governance provisions, including those outlined in Regulation 23(9) concerning related party transactions, is not mandatory for companies listed on the SME Exchange.
2. Exemption Details:
   The specific provisions exempt from compliance include regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46, and para C, D, and E of Schedule V of the SEBI Listing Regulations.

This announcement is made for the information and records of all stakeholders and the general public.