Suntech Infra Solutions Says Corporate Governance Norms Not Applicable; Shares Rise Over 1% 

Mumbai, April 16: Suntech Infra Solutions Ltd has informed the National Stock Exchange of India on Thursday that provisions related to corporate governance under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable to the company.  

In a regulatory filing, the company said the non-applicability is in accordance with the relevant provisions of the SEBI (LODR) Regulations, citing that its paid-up equity share capital and net worth fall below the prescribed thresholds. 

Suntech Infra Solutions confirmed that it meets both criteria, with its paid-up equity share capital and net worth remaining within the specified limits, and therefore is exempt from compliance with corporate governance provisions. 

Share Market Reax 

Shares of Suntech Infra Solutions ended at ₹42.20 on April 15, up ₹0.45 or 1.08% from the previous close of ₹41.05, according to data from the National Stock Exchange.  

The stock has seen volatility in recent sessions, with prices hovering around the ₹41–₹42 range in April, while remaining significantly below its 52-week high of ₹110. 

The company added that it will continue to comply with applicable provisions as and when these thresholds are exceeded in the future. 

The disclosure was made in compliance with regulatory requirements and was submitted to the exchange for information and record. 

Source:

• https://www.nseindia.com/get-quote/equity/SUNTECH/Suntech-Infra-Solutions-Limited