Netripples Software Limited has informed BSE Limited that it recorded no related party transactions during the quarter ended March 31, 2021. The disclosure was made in compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Disclosure

The Hyderabad-based software company submitted its quarterly disclosure pursuant to Regulation 23(9) of the listing regulations. This regulation mandates listed companies to disclose details of related party transactions on a quarterly basis to ensure transparency and protect minority shareholders' interests.

Company Information

Netripples Software Limited operates from its registered office located at Goodlife Retreat, Kakateeyanagar, Habsiguda, Hyderabad, Telangana. The company maintains its corporate website at www.netripples.com and has made the disclosure letter available on this platform for stakeholder access.

Transparency Measures

The company has uploaded the complete disclosure letter on its official website, ensuring easy access for investors and other stakeholders. This practice aligns with corporate governance standards that emphasize transparency in financial reporting and regulatory compliance.

The nil disclosure indicates that during Q4 FY21, Netripples Software Limited conducted no transactions with related parties that would require reporting under the applicable SEBI regulations. Such disclosures are essential for maintaining market integrity and providing investors with complete information about potential conflicts of interest.

Netripples Software Limited's Board of Directors held a crucial meeting on December 3, 2018, at 11:00 A.M. at the company's registered office in Hyderabad to address significant changes in key management positions. The meeting focused on accepting a senior executive's resignation and ensuring continued regulatory compliance through interim appointments.

Company Secretary Resignation Accepted

The board unanimously accepted the resignation of M. Chowda Reddy from his position as Company Secretary and Compliance Officer, effective December 1, 2018. The resignation was formally tendered through a letter dated December 1, 2018.

The board acknowledged Reddy's valuable contributions during his tenure with the company, expressing appreciation for his services in the formal resolution.

Interim Compliance Officer Appointment

To maintain regulatory compliance under SEBI LODR Regulations 2015, the board addressed the mandatory requirement for a Compliance Officer position. Given that Netripples Software Limited is classified as a small listed entity with paid-up share capital below ₹10.00 crores, the company faces challenges in immediately appointing a qualified Company Secretary.

The board unanimously appointed Managing Director Mazhar Pasha to serve as Compliance Officer on a temporary basis with immediate effect. This interim arrangement will continue until a qualified Company Secretary is appointed in accordance with the Companies Act, 2013 and SEBI LODR Regulations, 2015.

Regulatory Compliance Certification

The temporary arrangement has been properly certified by Practicing Company Secretary Kode Hemachand, ensuring that all compliance requirements will be supervised and certified during the interim period. This certification provides regulatory assurance while the company searches for a permanent replacement.

The board meeting was conducted at the company's registered office located at 2nd Floor, Goodlife Retreat Building, Municipal No. 1-2-36/2, Street No. 4, Kakateeyanagar, Habsiguda, Hyderabad – 500007, Telangana. Both resolutions were passed unanimously, demonstrating board consensus on these critical governance decisions.