To,
The Members/Shareholders,
Your Directors are pleased to present the 38th Annual Report along with
audited accounts of your Company for the Financial Year ended 31st March, 2023.
• FINANCIAL PERFORMANCE:
The Financial Performance of the Company for the financial year ended on 31st
March 2023, as compared to the previous year ended on 31st March, 2022 is
summarized below: -
|
|
(Rs. In Lacs) |
| Particulars |
1st April, 2022 to 31st March, 2023 |
1st April, 2021 to 31st March, 2022 |
| Income from operations |
0.80 |
1.30 |
| Other Income |
95.76 |
37.03 |
| Total Revenue |
96.56 |
38.33 |
| Operating & Administrative Expenses |
42.24 |
69.13 |
| Operating Profit before interest, depreciation and tax |
54.32 |
(30.80) |
| Depreciation/ Amortization |
(0.67) |
(0.09) |
| Profit/(loss) before finance costs and exceptional items |
53.65 |
(30.89) |
| Interest and financial charges |
0.00 |
0.00 |
| Exceptional items |
0.00 |
0.00 |
| Profit/(loss) before tax |
53.65 |
(30.89) |
| Tax Expense |
0.00 |
0.00 |
| Profit/(loss) after tax |
53.65 |
(30.89) |
• PERFORMANCE HIGHLIGHTS:
The total revenue of the Company increased during the current financial year which
commenced on 1st April, 2022 and ended on 31st March, 2023 was Rs.
96.56 lacs against Rs. 38.33 lacs in the previous financial year which commenced on 1st
April, 2021 and ended on 31stMarch, 2022. The Total expenditure during
the current financial year was Rs. 42.91 lacs against Rs. 69.22 lacs in the previous
financial year reduced substantially. The Company generated Profit after Tax for the year
under review at Rs. 53.65 lacs the said figure during the previous financial year was Loss
after Tax of Rs. (30.89) lacs. The Directors trust that the shareholders will understand
the current scenario and find the performance of the Company for financial year commencing
from 1st April, 2022 and ending on 31st March, 2023 to be
satisfactory. The Earning per Share (EPS) of the Company is 1.07 per share for the year
under review as against (0.62) per share in the previous year.
• BUSINESS OPERATIONS AND FUTURE OUTLOOK:
The Company is a registered category I merchant banker since 1992 and is essentially
concentrating on advisory and consultancy assignments in capital markets, business
reorganization, investments, fund raising and corporate restructuring. The Company is
investing its surplus funds in the Capital Market and other financial instruments in view
of the long term prospects of the Indian Economy and the Company is confident that it
would be able to take advantage of emerging opportunities in the coming years.
• DIVIDEND:
In view of losses incurred in the earlier years and to strengthen the capital base of
the Company, your Directors have decided not to recommend any dividend on Equity Shares
for the year under review.
• AMOUNTS TO BE CARRIED TO ANY RESERVES:
In order to meet any contingencies in the coming years, your directors have proposed
not to transfer any amounts from Profit & Loss account to reserves of the Company.
• FINANCE
During the year under review, the Company has not made any borrowings from banks or any
financial institutions or other parties.
• CHANGE IN SHARE CAPITAL OF THE COMPANY
The Authorized Share capital of the Company as at 31st March, 2023 stood at
Rs. 5,00,00,000/- (Rupees Five Crore only) and paid-up capital stood at Rs. 5,00,00,000/-
(Rupees Five Crore only). During the year, there is no change in capital structure of the
Company.
• MATERIAL CHANGES AND COMMITMENTS:
There are no other material changes and commitments that have occurred between the end
of financial year of the Company and the date of this report affecting the financial
position of the Company as at 31st March, 2023.
• SUBSIDIARIES, JOINT VENTURE AND ASSOCIATE COMPANIES:
Your Company does not have any Subsidiaries, Joint Ventures and Associate Companies.
• DIRECTORS AND KEY MANAGERIAL PERSONNEL:
Mr. Chirag D. Mehta (DIN:00484709), Director of the Company retires by rotation at the
ensuing Annual General Meeting and being eligible offers himself for reappointment. The
Board recommends his re-appointment.
Confirmation of Appointment/Retirement :
> Pursuant to the provisions of the section 196,197, 198,203 of the Companies Act,
2013 read with the rules made thereunder and the Articles of Association of the Company,
the Board of Directors at their meeting held on 30.05.2023 changed the designation of Mr.
Vishwesh D. Mehta (DIN: 00484785) from Director to Managing Director (Executive and Non
Independent) on remuneration on the board to holds office only up to the date of this
Annual General Meeting. The Company has received a notice form a member signifying his
intention to change the designation of Mr. Vishwesh D. Mehta from a Director to Managing
Director of the Company on remuneration. The Board recommend to the members the proposed
Special Resolution No. 3 along with the Explanatory notes mentioned at item no. 3 of the
notice of the AGM, for approval by the members at the ensuing Annual General Meeting of
the Company, liable to retire by rotation.
> Board at its meeting held on 02.09.2023 appointed Mr. Shrikant Suresh Kolhar (DIN:
02107316) as Additional Director (Independent) on the Board of the Company to hold office
till the conclusion of this Annual General Meeting of the Company. The Board recommends
the proposed Special Resolution for appointment of Mr. Shrikant Suresh Kolhar (DIN:
02107316) as Independent Director (Non-executive and Independent) on the Board of the
Company for the period of five years w.e.f 02.09.2023 till 01.09.2028 for the approval by
the members at the ensuing Annual General Meeting of the Company.
> Brief details of Directors proposed to be appointed/change of designation as
required under Companies Act, 2013 or any other laws, rules and regulation as updated from
time to time are provided in the Notice of Annual General Meeting forming part of this
Annual Report.
> Mr. Manish Amin, Independent Director and Chairperson /Member of the Committees
retired on 27.07.2023, as a result of which, the Audit Committee, Stakeholders
Relationship Committee and Nomination and Remuneration Committee of the Board were
re-constituted on 28.07.2023 by appointing Mr. Dhananjay J. Chokshi as member of the above
three committees in place of Mr. Manish Amin, Chairperson /Member retired on 27.07.2023.
• CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO :
Your Company is not involved in carrying out any manufacturing activity. The
information on Conservation of Energy, Technology Absorption and Foreign Exchange Earnings
and Outgo as stipulated under Section 134(3)(m) of the Companies Act, 2013 read with Rule
8 of the Companies (Accounts) Rules, 2014, is therefore, not required to be furnished.
• RELATED PARTY TRANSACTIONS:
Your Company had not entered into any contract or arrangement with related parties,
which is not at arms length price in terms of Section 188 (1) of the Companies Act, 2013.
The disclosure of related party transactions as required to be made under Section 134(3)
(h) of the Companies Act, 2013 in Form AOC-2 is therefore, not applicable. Transactions
with related parties, as per requirements of Indian Accounting Standard (IND AS -24) are
disclosed in the notes to accounts annexed to the Financial Statements.
• AUDITORS & AUDITORS REPORT:
M/s. Asim Ravindra & Associates, Chartered Accountants (FRN: 118775W), Ahmedabad
were appointed under the provisions of Section 139,141 and 142 of the Companies Act, 2013
read with the rules, circulars and notifications thereto to hold office as Statutory
Auditors of the Company for the consecutive period of five years term commencing from the
conclusion of the last 37th Annual General Meeting of the Company till the
conclusion of the 42nd Annual General Meeting for the Financial year 2026-27 to
be held in the calendar year 2027 at the remuneration as fixed between the Board of
directors and the Statutory Auditors of the Company. The Company has received a
declaration from the Statutory Auditors that they are eligible to be appointed as the
Statutory Auditors of the Company from the conclusion of the ensuing 38th Annual
General Meeting till the conclusion of the next 39th Annual General Meeting of
the Company for the Financial year 2023-24 that they are not disqualified under Section
140 and 141 of the Companies Act, 2013.The Board recommend to the members to approve the
Statutory Auditors Independent Audit Report on the financial Statements along with the
notes on the accounts for the Financial year ended on 31st March, 2023 at this
38th Annual General Meeting.
• AUDIT QUALIFICATION:
The notes on financial statements referred to in the Auditors Report does not contain
any qualification, reservation or adverse remarks and are self-explanatory and do not call
for any further explanation/comment from the board.
• INTERNAL AUDITORS
Pursuant to the provisions of Section 138 of the Companies Act, 2013, the Board of
Directors of the Company had appointed M/s. P.P. Patel & Brothers, Chartered
Accountants (FRN: 107743W). Himatnagar, as an Internal Auditors of the Company for the FY
2022-23.
• COST AUDITORS
The Company was not required to maintain cost records and appoint Cost Auditor as
specified by the Central Government under Section 148(1) of the Companies Act, 2013.
• REPORTING OF FRAUDS BY THE AUDITOR:
There was no instance of fraud during the year under review, which required the
Statutory Auditors to report to the Audit Committee and /or Board under Section 143(12) of
the Act and Rules framed thereunder.
• EXTRACT OF ANNUAL RETURN:
Pursuant to Section 92(3) of the Companies Act, 2013, the Extract of Annual Return in
form MGT-7 has been placed on the Companys website at http://www.mehtaintegratedfinance.com
• DISCLOSURE ON COMPLIANCE WITH SECRETARIAL STANDARDS:
Your Directors confirm that the Secretarial Standards issued by the Institute of
Company Secretaries of India, have been complied with.
• SECRETARIAL AUDIT REPORT:
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and rules made
thereunder, the Company had appointed M/s. Rohit Bajpai & Associates, Practicing
Company Secretaries (CP No. 6559) as Secretarial Auditors to undertake the Secretarial
Audit of the Company. The Secretarial Audit Report for FY 2022-23 is annexed, which forms
part of this report as Annexure-B. The Secretarial Audit Report does not contain any
qualification, reservation or adverse remark or disclaimer.
Pursuant to the provisions of Section 204 of the Companies Act, 2013 and rules made
there under, the Company had appointed Mr. Rohit Bajpai & Associates, Practicing
Company Secretaries (CP No. 6559) as Secretarial Auditors to undertake the Secretarial
Audit of the Company for the financial year 2023-24.
• MANAGEMENT DISCUSSION AND ANALYSIS:
The report on Management Discussion and Analysis is annexed to this Report as
Annexure-C. •
• BUSINESS RESPONSIBILITY REPORT:
The Business Responsibility Report as stipulated under Regulation 34(2)(f) of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to
the Company for the FY ended 31st March, 2023.
• SUSTAINABILITY AND CORPORATE SOCIAL RESPONSIBILITY:
We are continuously striving to promote better and more effective sustainability policy
and practices. In order to ensure transparent communication of our sustainability efforts
to all our stakeholders we have made conscious efforts through technology innovation and
effective communication and transparency. Further, the Company considers CSR as part of
its activity and believes that it is imperative for the growth of the country and company.
The company is not required to constitute Corporate Social Responsibility Committee of
Board under Section 135(1) of Companies Act, 2013.
• NUMBER OF BOARD MEETINGS:
The Board of Directors met 7 (Seven) times during the Financial Year 2022-23 are given
below :
| Sr. No. |
Date |
Directors Present |
| 1. |
03/05/2022 |
5 |
| 2. |
27/05/2022 |
6 |
| 3. |
13/08/2022 |
6 |
| 4. |
03/09/2022 |
6 |
| 5. |
11/11/2022 |
6 |
| 6. |
10/02/2023 |
6 |
| 7. |
30/03/2023 |
6 |
The Composition of the board and details of attendance of the members at the board
meetings during the Financial Year 2022-23 are given below:
| Sr. No. |
Name of Director |
Board Meetings |
|
|
Held |
Attended |
| 1. |
Bhavna D. Mehta |
7 |
7 |
| 2. |
Chirag D. Mehta |
7 |
7 |
| 3. |
Manish Amin*** |
7 |
7 |
| 4. |
Dhananjay J. Chokshi |
7 |
7 |
| 5. |
Ramniklal D. Sojitra |
7 |
7 |
| 6. |
Vishwesh D. Mehta** |
6 |
6 |
** Mr. Vishwesh Darshan Mehta was appointed as Additional Director of the Company
w.e.f. 03.05.2022 and regularized his appointment at the last 37th Annual
General Meeting of the Company by the members of the Company.
*** Mr. Manish Amin Retired as Independent Director on completion of his five years
term on 27.07.2023.
• NUMBER OF AUDIT COMMITTEE MEETINGS:
During the year under review Audit Committee met 5 (five) times on the dates as
follows:
| Sr. No. |
Date |
Members Present |
| 1 |
27/05/2022 |
3 |
| 2 |
13/08/2022 |
3 |
| 3 |
03/09/2022 |
3 |
| 4 |
11/11/2022 |
3 |
| 5 |
10/02/2023 |
3 |
The Composition of the Audit Committee and details of attendance of the members at the
committee meetings during the year are given below:
| Sr. No. |
Name |
Category |
No. of Meetings during the year |
|
|
|
Held |
Attended |
| 1. |
Ramniklal D. Sojitra |
Chairperson, Independent Director |
5 |
5 |
| 2. |
Bhavna D. Mehta |
Non-Executive Director |
5 |
5 |
| 3. |
Manish Amin** |
Independent Director |
5 |
5 |
** Mr. Manish Amin Retired as Independent Director on completion of his five years term
on 27.07.2023. Accordingly. The ceased to be a member of the Audit Committee of the Board
w.e.f. 27.07.2023.
• The Audit Committee is duly constituted in accordance with the requirements of
Companies Act, 2013 and SEBI (LODR) 2015. The Company Secretary of the Company acts as
Secretary of the Committee.
• NUMBER OF NOMINATION AND REMUNERATION COMMITTEE MEETINGS:
As there were Appointments and Re-appointments/Resignations of Directors / Key
Managerial Personnel during the year under review, there was requirement to conduct
Nomination and Remuneration Committee Meetings and hence the meetings of the Nomination
and Remuneration Committee were held to decide qualified persons and recommended the
appointment of Director / Key Managerial Personnel of the Company.
• NUMBER OF NOMINATION & REMUNERATION COMMITTEE MEETINGS:
During the year under review, Nomination & Remuneration Committee met 3(Three)
times on the dates as follows:
| Sr. No. |
Date |
Members Present |
| 1. |
03/05/2022 |
3 |
| 2. |
03/09/2022 |
3 |
| 3. |
30/03/2023 |
3 |
The Composition of the Nomination & Remuneration Committee and details of
attendance of the members at the Committee Meetings during the year are given below:
| Sr. No. |
Name |
Category |
No. of Meetings during the year |
|
|
|
Held |
Attended |
| 1. |
Manish Amin • ** |
Chairperson, Independent Director |
3 |
3 |
| 2. |
Bhavna D. Mehta |
Non-Executive Director |
3 |
3 |
| 3. |
Ramniklal D. Sojitra |
Independent Director |
3 |
3 |
** Mr. Manish Amin Retired as Independent Director on completion of his five years term
on 27.07.2023.
Accordingly, he ceased to be a Chairperson of the Nomination and Remuneration
Committee of the Board w.e.f. 27.07.2023.
The Nomination & Remuneration Committee is duly constituted in accordance with the
requirements of Companies Act, 2013 and SEBI (LODR) 2015.The Company Secretary of the
Company acts as Secretary of the Committee,
• NUMBER OF STAKEHOLDERS RELATIONSHIP COMMITTEE MEETINGS:
During the year under review Stakeholders Relationship Committee met 4 (Four) times on
the dates as follows:
| Sr. No. |
Date |
Members present |
| 1 |
27/05/2022 |
3 |
| 2 |
13/08/2022 |
3 |
| 3 |
11/11/2022 |
3 |
| 4 |
10/02/2023 |
3 |
The composition of the Stakeholders Relationship Committee and details of meetings
attended by the members are given below:
| Sr. No. |
Name |
Category |
No. of Meetings during the year |
|
|
|
Held |
Attended |
| 1. |
Manish Amin** |
Chairperson, Independent Director |
4 |
4 |
| 2. |
Bhavna D. Mehta |
Non-Executive Director |
4 |
4 |
| 3. |
Ramniklal D. Sojitra |
Independent Director |
4 |
4 |
** Mr. Manish Amin Retired as Independent Director on completion of his five years term
on 27.07.2023.
Accordingly, he ceased to be a member of the Stakeholders Relationship Committee of
the Board w.e.f. 27.07.2023.
The Stakeholder & Relationship Committee is duly constituted in accordance with the
requirements of Companies Act, 2013 and SEBI (LODR) 2015.The Company Secretary of the
Company acts as Secretary of the Committee.
• INDEPENDENT DIRECTORS MEETING:
The Independent Directors met on 30.03.2023 without the attendance of Non-Independent
Directors and Members of the Management. The Independent Directors reviewed the
performance of Non-Independent Directors and the Board as a whole; the performance of the
Chairperson of the Company, taking into account the views of Executive Directors and Non-
Executive Directors and assessed the quality, quantity and timeliness of flow of
information between the Company Management and the Board that is necessary for the Board
to effectively and reasonably perform their duties.
• BOARD EVALUATION:
The Board adopted a formal mechanism for evaluating its performance as well as that of
its Committees and individual Directors, including the Chairperson of the Board. The
exercise was carried out through a structured evaluation process covering various aspects
of the Board functioning such as composition of the Board & committees, experience
& competencies, performance of specific duties & obligations, contribution at the
meetings and otherwise, independent judgment, governance issues etc.
• POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:
The Companys policy on Directors appointment and remuneration and other matters
provided in section 178(3) of the Companies Act, 2013 is available on the website of the
Company at http://mehtaintegratedfinance.com/
• VIGIL MECHANISM:
Pursuant to Section 177(9) of the Act, a vigil mechanism has been established for
Directors and employees to report to the management, instances of unethical behavior,
actual or suspected, fraud or violation of the Companys code of conduct or ethics policy.
The said policy is uploaded on the website of the Company at
http://mehtaintegratedfinance.com/
• INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEQUACY:
The details in respect of internal financial control and their adequacy are included in
the Management Discussion & Analysis Report, which form part of this report.
• RISK MANAGEMENT:
The Company is not statutorily required to form risk management committee. However, the
Audit Committee of the Company evaluates the risk management system regularly.
• COMMITTEES OF BOARD:
Details of various committees constituted by the Board of Directors as per the
provisions of applicable sections and provisions of Companies Act, 2013 and SEBI (Listing
Obligations And Disclosure Requirements) Regulations, 2015 are given in this report and
forms part of this report. Mr. Manish Amin, Independent Director and Chairperson /Member
retired on 27.07.2023, as a result of which, the Audit Committee, Stakeholders
Relationship Committee and Nomination and Remuneration Committee of the Board were
re-constituted with effect from 28.07.2023 by appointing Mr. Dhananjay J. Chokshi as
member of the above three committees in place of Mr. Manish Amin, Chairperson /Member
retired on 27.07.2023.
• PARTICULARS OF LOANS, GUARANTEES OR INVESTMENT UNDER SECTION 186:
During the year under review, your Company has not made any Loans and advances in the
nature of loans to Subsidiaries or to Firms/Companies in which directors are interested.
Hence disclosure pursuant to Regulation 34(3) read with Part A of Schedule V of the
Listing Regulation is not required. It has also not given any Guarantees or made
Investments in excess of the limits within the meaning of Section 186of the Companies Act,
2013.
• STATEMENT ON DECLARATION OF INDEPENDENCE BY INDEPENDENT DIRECTOR:
The Company has received declarations from all the Independent Directors of the Company
confirming that they meet with the criteria of Independence provided in Section 149(6) of
the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. Further, there has been no change in the circumstances which may affect
their status as Independent Director during the year.
• DEPOSITS:
During the year under review, your Company has not accepted any fixed deposits within
the meaning of the provisions of Chapter V - Acceptance of Deposits by Companies read with
rules thereto.
• SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
IMPACTING THE GOING CONCERN STATUS OF THE COMPANY:
There were no significant and material orders passed by the regulators or courts or
tribunals which would impact the going concern status of the Company and the Companys
future operations. •
• DEMATERIALISATION OF SHARES:
To provide best services to the shareholders and investors, Companys equity shares are
made available for dematerialization in electronic form in the Depository systems operated
by National Securities Depository Limited (NSDL) and Central Depository Services Limited
(CDSL).
SEBI has recently mandated furnishing of Permanent Account Number (PAN), KYC details
(i.e. Postal Address with pin code, email address, mobile number, bank account details)
and nomination details by holders of securities. Effective from January 01, 2022, any
service requests or complaints received from the Member will not be processed by RTA till
the aforesaid details/documents are provided to RTA. On or after April 01, 2023, in case
any of the above cited documents/details are not available in the Folio(s), RTA shall be
constrained to freeze such Folio(s)
• DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the
best of their knowledge and ability, state the following:
a) that in preparation of the annual financial statements for the financial year ended
on 31st March, 2023, the applicable accounting standards have been followed
along with proper explanation relating to material departures if any;
b) that such accounting policies have been selected and applied consistently and
judgments and estimates have been made that are reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company as at 31st March,
2023 and of the Profit of the Company for the year ended on that date;
c) that proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company, and for preventing and detecting fraud and other
irregularities;
d) that the annual financial statements have been prepared on a going concern basis;
e) that the proper internal financial controls were in place and that financial
controls were adequate and were operating effectively;
f) that proper systems to ensure compliance with the provisions of all applicable laws
were in place were adequate and operating effectively;
• PARTICULARS OF EMPLOYEES :
The information required under Section 197 of the Companies Act, 2013 read with rule
5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
are provided in separate annexure forming part of this Report as Annexure -D.
None of the employees of the Company are in receipt of remuneration in excess of the
limits which are required to be disclosed by way of statement under Section 197 of the
Companies Act, 2013 read with rule 5(2) and 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014. The statement containing particulars of
such employees is therefore not required to be furnished.
• CORPORATE GOVERNANCE:
The new Listing Regulations has provided exemption under regulation 15(2)(a) from
applicability of Corporate Governance provisions as specified in regulations 17, 18, 19,
20, 21, 22, 23, 24, 25, 26, 27 and clause (b) to (i) of sub-regulation (2) of regulation
46 and para C,D and E of Schedule V in respect of listed entities having paid-up Equity
share Capital not exceeding rupees ten crores and net worth not exceeding rupees twenty
five crores as on the last day of the previous financial year.
Your Company falls under the exemption criteria as laid down under Regulation 15(2) (a)
and therefore, not required mandatorily to comply with the said regulations. The Company
therefore is not required to make disclosures in Corporate Governance Report as specified
in Para C of Schedule V to the Listing Regulations. However, pursuant to Regulation 15(3)
of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
notwithstanding sub-regulation (2) of regulation 15, the provisions of Companies Act, 2013
shall continue to apply, wherever applicable. The certificate as required under Schedule V
(E) of the Listing Regulations, regarding compliance of conditions of Corporate Governance
is annexed to this report as Annexure-E.
• DEMAT SUSPENSE ACCOUNT:
There are no shares in Demat Suspense/Unclaimed Suspense Account.
PREVENTION OF SEXUAL HARASSMENT AT WORKPLACE:
No complaint has been brought to the notice of the Management during the year ended 31stMarch,
2023.
• FINANCIAL YEAR ALIGNED WITH THE REQUIREMENTS OF COMPANIES ACT, 2013:
The Company has aligned the period of financial year to commence from 1st
April and end on 31st March every year in compliance with the requirement of
section 2(41) of the Companies Act, 2013.
• ACKNOWLEDGEMENT:
The Directors take this opportunity to place on record the appreciation of the valuable
contribution and dedication shown by the employees of the Company, RTA, Auditors and
Practicing Company Secretary which have contributed to the successful management of the
Companys affairs.
The Directors also take this opportunity to thank all the Stakeholders, Investors,
Clients, Banks, Government, Regulatory Authorities and Stock Exchange for their continued
support.
| Place: Ahmedabad |
For and on behalf of the Board of Directors, |
| Date: 02nd September 2023 |
Mehta Integrated Finance Limited |
|
Mrs. Bhavna D. Mehta |
Mr. Chirag D. Mehta |
|
Director |
Whole-time Director |
|
(DIN: 01590958) |
(DIN: 00484709) |
+91-9892691696
