Mumbai, India – April 14, 2025 — Slone Infosystems Limited (NSE Symbol: SLONE, ISIN: INE0SMA01017), an IT services company listed on the SME Exchange, has officially declared non-applicability of the Corporate Governance Report under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a regulatory filing submitted to the National Stock Exchange of India (NSE), the company referenced Regulation 15(2) of SEBI’s LODR Regulations to justify the exemption. This regulation provides relief to certain listed entities from mandatory compliance with a broad set of Corporate Governance provisions.

According to the filing, Slone Infosystems falls under both qualifying categories outlined in Regulation 15(2):

1. Paid-up equity share capital not exceeding ₹10 crores and net worth not exceeding ₹25 crores, as on the last day of the previous financial year.

2. Listing on the SME Exchange, which includes companies that operate under specific market frameworks for small and medium enterprises.

Regulations Not Applicable

Based on the above criteria, Slone Infosystems is not required to comply with the following key Corporate Governance regulations:

• Regulations 17 to 27 of SEBI LODR, which include board composition, audit committee formation, nomination and remuneration committees, risk management, stakeholder relationships, and more.

• Clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, relating to website disclosures.

• Parts C, D, and E of Schedule V, which include corporate governance report formats, disclosures in annual reports, and compliance certifications.

Official Statement from Management

The declaration was formally signed by Mr. Rajesh Srichand Khanna, Chairman and Managing Director of Slone Infosystems Limited. His DIN is 09843089.

He stated:

“We would like to inform you that our company qualifies for exemption from Corporate Governance provisions under SEBI LODR Regulation 15(2), owing to our listing on the SME platform and the financial metrics from the last fiscal year.”

This update is intended to inform investors, regulatory bodies, and market participants about the company’s compliance status.

About Regulation 15(2) of SEBI LODR Regulations

Regulation 15(2) provides a compliance relief for smaller listed entities and those listed on the SME platform, recognizing their limited scale of operations and simplified reporting requirements. It allows such companies to focus on business growth and basic statutory disclosures without the burden of comprehensive corporate governance frameworks applicable to large-cap firms.

This regulatory framework supports ease of doing business for startups and MSMEs while maintaining transparency through minimal disclosure obligations.

Company Overview: Slone Infosystems Limited

Formerly known as Slone Infosystems Private Limited, the company was converted into a public limited entity and listed on the NSE SME platform. It offers IT solutions, software services, and digital transformation consulting, primarily catering to small and mid-sized enterprises.

Key Details:

• CIN: L72900MH2022PLC396387

• Registered & Corporate Office: Office 203, Mohini Heights CHS Ltd, 5th Road, Khar West, Mumbai – 400052

• Email: rajesh@sloneinfosystems.com

• Phone: +91 98203 24640

• Website: www.sloneinfosystems.com

The company is led by Mr. Rajesh Srichand Khanna, a seasoned entrepreneur with extensive experience in the IT and digital services domain.

What This Means for Investors

While exemption from Corporate Governance requirements means fewer disclosures and fewer mandatory committees, it also reflects that the company is still within the early stages of capital growth. Investors should take note that such entities may follow simplified regulatory routes, though they are still obligated to maintain basic financial disclosures, shareholder meetings, and statutory compliance.

It is important for stakeholders to monitor periodic updates, particularly in the event of any change in share capital, net worth, or migration to the main board, which would trigger full compliance with governance norms.

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