Amended Quarterly Report (10-q/a)
September 24 2020 - 2:18PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
10-Q/A
☒
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June
30, 2020
or
☐
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (For the transition period from to
).
Commission
File Number: 000-55348
Palayan
Resources, Inc.
(Exact name of registrant as specified in its charter)
Nevada
|
83-4575865
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification No.)
|
9300
Conroy Windermere Rd. #3250
|
|
Windermere,
FL
|
34786
|
(Address
of principal executive offices)
|
(Zip
code)
|
(407)
536-9422
(Registrant’s telephone number, including area code)
Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days ☒ Yes ☐ No
Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or such shorter period that the
registrant was required to submit such files). Yes ☒ No ☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller
reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
Large
accelerated filer ☐
|
Accelerated
filer ☐
|
|
|
Non-accelerated
filer ☒
|
Smaller
Reporting Company ☒
|
|
|
Emerging
Growth Company ☐
|
|
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act.)
Yes ☐ No ☒
The
number of shares of the Registrant’s common stock, par value $.001 per share, outstanding as of September 17, 2020 was 34,376,758.
Title
of Class
|
Trading
Symbol(s)
|
Name
of Exchange on which registered
|
Common
Stock
|
PLYN
|
OTCMarkets
|
EXPLANATORY
NOTE
Palayan
Resources, Inc. (the “Registrant”) is filing this amendment (the Form 10-Q/A) to our Quarterly Report on Form 10-Q
for the quarter ended June 30, 2020 (the Form 10-Q), filed with the Securities & Exchange Commission (“SEC”) on
September 22, 2020, solely to correct an error on the cover page. The cover page of the Form 10-Q incorrectly indicated that the
Registrant is a shell company as defined in rule 12b-2 of the Exchange Act. On June 29, 2020, the Registrant filed a Current Report
on Form 8-K which included “Form-10 Disclosure” and information required under Item 5.06 of Form 8-K, taking the Registrant
out of shell status. The cover page of this Form 10-Q/A correctly checks the box indicating that the Registrant is not a shell
company. This Form 10-Q/A should be read in conjunction with the original Form 10-Q, which continues to speak as of the date of
the Form 10-Q. Except as specifically noted above, this Form 10-Q/A does not modify or update disclosures in the original Form
10-Q. Accordingly, this Form 10-Q/A does not reflect events occurring after the filing of the Form 10-Q or modify or update any
related or other disclosures.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
|
PALAYAN RESOURCES, INC.
|
|
|
Date: September
24, 2020
|
By:
|
/s/ James Jenkins
|
|
|
James Jenkins
|
|
|
President
|
|
|
(Principal Executive Officer; Principal Financial
Officer)
|
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