To the Members,
The Board of Directors are pleased to present the 30th (Thirtieth) Annual
Report on the Business and Operations along with rhe Audited Financial] Statements for the
financial year ended on March 31, 2023.
1) Financial Results;
The Summarized position of these results are given below: (Rs. in Lakhs)
Particulars |
Standalone |
Consolidated |
|
Year ended March 31, 2023 |
Year ended March 31, 2022 |
Year ended March 31, 2023 |
Year ended March 31, 2022 |
Revenue from operations |
2373,00 |
1288.89 |
4205.63 |
1288.89 |
Other income |
434.16 |
182.70 |
233,28 |
153.67 |
Total revenue |
2807.16 |
1,471.59 |
4438.91 |
1,442.56 |
Expenses |
2717.58 |
1,567.11 |
4199.60 |
1,567.29 |
Profit/{Loss) before tax |
89.58 |
(95.52) |
239.31 |
(124.73) |
Tax expenses |
26.82 |
(58 02) |
150.36 |
(58.02) |
Profit/fLoss) After tax |
62.76 |
(37.50) |
88.95 |
(66.71) |
The above data has been extracted from the Audited Standalone and Consolidated
Financial Statements prepared in accordance with the Indian Accounting, Standards (Itud
AS), as notijted under Section 133 of the Companies Act, 2013 read with Companies (Indian
Accounting Standards Rules, 2015) and the relevant provisions of the Act, as applicable.
2) State of Companys Affairs:
During the financial year 2022-2023, the Company has on a standalone basis, earned
total revenue of Rs. 2,807.16 Lakhs as against Rs. 1,471.59 Lakhs during the previous
financial year. The Company reported the Profit before Tax of Rs. S9.58 Lakhs during the
current financial year as against Rs. 95.52 Lakhs loss before tax during the previous
financial year. The Company reported the Net Profit of Rs 62.76 Lakhs during the current
financial year as compared to Net loss of Rs. 37.50 Lakhs during the previous financial
year.
During the financial year 2022-2023, the Company has on a consolidated basis, earned
the total revenue of Rs. 4,438.91 Lakhs as against Rs. 1,442,56 Lakhs during the previous
financial year. The Company reported the Profit before tax of Rs, 239.31 Lakhs as against
Rs. 124.73 Lakhs Loss before tax during the previous financial year. The Company reported
the Net Profit of Rs 88.95 Lakhs during the current financial year as compared to Net loss
of Rs. 66.71 Lakhs during the previous financial year.
3) Review of operations and business:
The company continues to be engaged in the activities pertaining to Construction &
Read Estate.
Your company made profits in the year due to which the ongoing projects neared
completion. Completion of projects led to increase in sales this year. Your Company is in
the process of completing the project "Xenus-Where life resides". And, the
Project "Xline- Smart, Serene, Spectacular is nearing completion. Furthermore, Your
Company is also awaiting clearances from the regulator for starting the operations of one
more new project known as "Xone" in Kandivali, Mumbai, The details of the
upcoming projeact is given under the heading "The Management Discussion and Analysis
report11 which form part of this Annual Report,
4) Share Capital:
There is no change in the share capital during the current financial year. Your Company
has two classes of shares, viz. Equity Shares and Preference Shares.
The Authorized Share Capita] of the Company as at March 31, 2023 comprises of Rs.
13,00,00,000/- {Rupees Thirteen Crores Only) consisting of the following: (a) 60,00,000
(Sixty Laths) Equity Shares of Rs. 10/- (Rupees Ten Only) each amounting to Rs.
6,00,00,000/- (Rupees Six Crores Only) and
(b) 70,00,000 (Seventy Laths) 6% Non-Cumulative Optionally Convertible Preference
Shares of Rs. 10/- (Rupees Ten Only) each amounting to Rs. 7,00,00,000/- (Rupees Seven
Crores Only).
The Issued, Subscribed and Paid up Share Capital of the Company as at March 31, 2023
comprise of Rs. 10,24,79,000/- Crore, (Rupees Ten Crore Twenty-Four Lakh Seventy-Nine
Thousand Only) divided into 32,47,900 (Thirty-Two Lath Forty-Seven Thousand Nine Hundred)
equity shares of Rs. 10/- each, fully paid up, and 70,00,000 (Seventy Lakh) 6%
Non-Cumulative Optionally Convertible Preference Shares ofRs. 10/ - each, fully paid up,
The Company had forfeited shares amounting to Rs, 4,85,400/- (Rupees Four Lakhs Eighty
Five Thousand Four Hundred Only).
During the year, there was no public issue, rights issue, bonus issue or preferential
issue etc.
The Company has not issued any shares with differential voting rights, sweat equity
shares nor has it granted any stock options during the year under review.
5) Transfer to Reserves:
The Company has not transferred any amounts to the reserves during the year under
review.
6) Deposits:
In terms of Chapter V of the Companies Act, 2013 read with the Companies (Acceptance of
Deposit) Rules, 2014, during the year under review, your Company has neither invited nor
accepted any fixed deposits from the public,
7) Dividend:
The Board has not recommended any dividend for the financial year ended March 31,2023.
8) Ratings:
Brickwork Ratings India Private Limited has affirmed the following rating of the Bank
Loan Facility of your Company.
Facility |
Limits (Rs. In Crore) |
Tenure |
Rating* |
Fund Based |
20.77 |
Long Term |
BWR BB/ Stable Downgrade |
Total |
20*77 |
INR Twcuty Crores and Seventy Seven Lakhs Only |
* Phase refer to B WR website https;/ / www.brickworkratines.com/ for
definition ofthe rating assigned.
9) Particulars of Loans, Guarantees or Investments:
The Company has complied with provisions of Section 186 of the Act, to the extent
applicable with respect to Loans, Guarantees or Investments during the year.
Details ofioans and guarantee given, Investments made and securities provided under
Section 186 of the Companies Act, 2013 are given under the Notes to the financial
statements,
10) Material Changes and Commitments affecting the financial position of the Company:
There have been no other material changes and commitments affecting the financial
position of the Company which have occurred between March 31, 2023 and the date of this
Report, other than those disclosed in this Report,
11) Material orders passed by the regulators/court/ tribunals impacting the going
concern status and the Companies future operations;
There are no significant and material orders passed by the
regulators/courts/tribunals which would impact the going concern status of the Company and
its future operations.
12) Management Discussion and Analysis Report;
The Management Discussion and Analysis report has been separately annexed to the Annual
Report and forms a part of the Annual Report.
13) Corporate Social Responsibility (CSR):
As per the provisions of Section 135 of the Companies Act, 2013, Corporate Social
Responsibility ("GSR") is not applicable to your Company as it docs not satisfy
any criteria prescribed.
14) Auditors and their Reports:
Statutory Auditors
M/s SC A AND ASSOCIATES, Chartered Accountants are the Statutory Auditors of the
Company who hold office for a term of 5 (five) consecutive years from the 27th
Annual General Meeting of the Company held on September 30, 2020 fill the 32^ Annual
General Meeting of the Company.
The Report given by the Auditors on the financial statement of the Company forms part
of this Report. There has been no qualification, reservation, adverse remark or disclaimer
given by the Auditors in their Report and notes to the Accounts wherever given are
self-explanatory hence do not require any clarification by the Directors of the Company-
Secretarial Auditors
As required under provisions of Section 204 of the Companies Act, 2013 and the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board
has appointed Mr. Kaushal Doshi, proprietor of M/s. Kaushal Doshi & Associates (CP No.
13143), Practicing
Company Secretary, to act as Secretarial Auditor of the Company and to undertake
Secretarial Audit of the Company,
The Secretarial Audit Report in Form MR-3 for the FY 2022-2023 is annexed herewith as
"Annextree A,F and forms part of the Boards Report. The Secretarial
Report doesnt contain any qualification, reservation or adverse remark, however the
comments given by the Secretarial Auditor are mentioned in detail in the Report.
15) Secretarial Standards:
During the year under review, the Company has complied with the applicable Secretarial
Standards issued by The Institute of Company Secretaries or India.
Id) Matters related to Directors and Key Managerial Personnel:
In accordance with the provisions of Section 152, of the Companies Act, 2013 and
Article of Association of the Company, Mt. Rohit Dedhia (DIN: 02716686} Whole-Time
Director of the Company retires by rotation at the forthcoming Annual General Meeting and
being eligible has offered himself for re-appointment. The Board recommends his
reappointment. The resolution for his reappointment is incorporated in the Notice of the
ensuing Annual General Meeting, and the brief profile and other information as required
under Regulation 36(3) of SEBI (Listing Obligations and I Disclosure Requirements)
Regulations, 2015 ("Listing Regulations") relating to him forms part of the
Notice of ensuing Annual General Meeting.
During the year Ms. Latika Motwani resigned from the position of Company Secretary
w.e.f. 27,05.2022 and Ms. Srisht: Raghanl was appointed as the Company Secretary w.e.f
28.05.2022- Ms. Srishti Raghani tendered her resignation w.e.T 13.07.2023 and Ms Jyoti
Singh was appointed as the Company Secretary w.e.f. 04.OS.2023. There were no changes in
the composition of Board of Directors.
During the year under review, there have been no circumstances affecting their status
as independent directors of the Company, No Director of the Company is disqualified under
any law to act as a director.
During the year under review, the non-executive directors of the Company had do
pecuniary relationship or transactions with the Company, other than sitting fees,
commission and reimbursement of expenses incurred by them for the purpose of attending
meetings of the Board/Committee of the Company
Key Managerial Personnel: Mr Dccpak Chhcda- Chairman & Managing Director,
Mr. Harish Nisar-Whole-Time Director, Mr Rohit Dedhia-Whole-Time Director, Mr. Rohan
Chheda- Chief Financial Officer and Ms. Srishti Raghani-Company Secretary are the Key
Managerial Personnel of the Company in accordance with the provisions of Sections 2(51),
203 of the Act read with Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 (including any statutory modification^) or re-enactmentfs) for the time being
in force).
The Composition of Board of Directors and Key Managerial Personnel as on date of Board
Report is as under:
DIN/PAN |
Full Name |
Designation |
Date of Appointment |
| 00419447 |
Deepak Dungarshi Chheda |
Managing Director |
14/11/2009 |
| 02716666 |
Harish Damji Nisar |
Whole-Time Director |
14/11/2015 |
| 02716686 |
Rohit Kesha vji Dedhia |
Whole-Time Director |
14/11/2015 |
| 01839985 |
VatsaJ Jayantilal Shah |
Director |
04/08/2009 |
| 01896772 |
Tcjal Karan Mehta |
Director |
J3/08/2014 |
| 02774568 |
Yogesh Ratrial Shah |
Director |
04/08/2009 |
| 03187758 |
Sudhir Jayantiia] Mehta |
Director |
12/08/2010 |
| A.M1FC770IN |
Rohan Deepak Chheda |
Chief Financial Officer |
14/11/2018 |
| CYTPR6709L |
Srishti Ashok Raghani Resigned w.e.F 13-07.2023 |
Company Secretary |
27/05/2022 |
| DKTPS9J14M |
Jyoti Mahendrapal Singh |
Company Secretary |
04/08/2023 |
17} Committees of the Board:
Currently, the Board has three Committees: The Audit Committee, The Nomination and
Remuneration Committee and Stakeholders Relationship Committee, A detailed note on the
composition of the Board and its committees is provided in the Corporate Governance Report
section of this Annual Report,
IS) Disclosures given by the Directors:
The Company has received various disclosures from the Directors as specified betow:
* Form MBP-1: The Company received disclosure of interest from all its Directors
pursuant to Section 184 of the Companies Act, 2013 and rules made thereunder in Form
MBP-I.
• Declaration under Section 164: The Company has received declaration from
all the Directors informing that they are not disqualified from being appointed/
re-appointed or continuing as Directors pursuant to Section 164 of the Companies Act, 2013
and rules made thereunder,
? Declaration by Independent Directors: The Company has received necessary
declaration from each Independent Director under section 149(7) of the Companies Act, 2013
and rules made thereunder, that he/she meets the criteria of independence laid down in
Section 149(6) of the Companies Act, 2013.
19) Directors Responsibility Statement:
Pursuant to the requirements under Section 134(5) of the Act with respect to Directors
Responsibility Statement, it is hereby confirmed that:
i. in the preparation of the annual accounts, the applicable accounting standards have
been followed along with proper explanation relating to material departures, if any;
ii. the Directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the end of financial year and of the
profit of the Company for the year ended on the date;
iii. proper and sufficient cart 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;
iv. the annual financial statements for the financial year ended March 31, 2023 have
been prepared on a going concern basis;
v. proper internal financial controls were in place and that the financial controls
were adequate and were operating effectively,
vi. proper systems have been devised to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively -
20} Number of Meetings nf Board:
During the Financial Year 2022-2023, the Board met 5 (Five) times i.e,, (i) April 29,
2022 (ii) May 27,
2022 (iii) August 10, 2022 (iv) November 14, 2022 and (v) February 13, 2023, The
maximum interval between any two board meetings did not exceed one hundred and twenty
days,
As required under Section 134(3) of the Companies Act, 2013, and the rules framed
thereunder, the composition and meetings of board of directors and other committee
meetings were in line with the provisions of the Companies Act, 2013 and the Listing
Regulations, details of which abngwith composition, number of meetings of all other Board
Committees meeting held during the year under review and attendance at the meetings are
provided in the Report on Corporate Governance, forming a part of this Annual Report.
21) Policy on Directors Appointment and Remuneration;
The policy of the Company on Directors appointment and remuneration, including
criteria for determining qualifications, positive attributes, independence of a Director
and other matters, as required under sub-section (3) of Section 178 of the Companies Act,
2013, is available on our website http: / /rodium.net/. There has been no change in
the policy since the last financial year. We affirm that the remuneration paid to the
Directors is as per the terms laid out in the Nomination and Remuneration Policy of the
Company-
22) Annual Evaluation of Directors, Committee & Board;
The performance evaluation of Non-Independent Directors and the Board as a whole,
Committees thereof and Chairman of the Company was carried out by Independent Directors.
Pursuant to the provisions of the Act, the Nomination & Remuneration Committee (NRC)
specified the manner of effective evaluation of the performance of the Board, its
Committees and individual Directors. Further, pursuant to Schedule IV of the Act and
Regulation 17(10) of the SEE] (Listing Obligations and Disclosures Requirements)
Regulations, 2015, the evaluation of Independent Directors was done by the Board of
Directors, the directors who were subject to evaluation did not participate as prescribed
under Regulation 17(10) of SEB1 (Listing Obligations and Disclosures Requirements)
Regulations, 2015.
The Company has received declarations from each of the Independent Directors confirming
that they meet the criteria of independence as provided in the Companies Act, 2013 and
SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.
23) Extract of Annual Return:
Pursuant to section 92(3) mad with Sec 134 (3) (a) of the Act, the Annual Return as on
March 31,
2023 is available on the Companys website on hlip: / / w w w. rodmm. net
/olher-communication.htmt.
24) Corporate Governance:
As per the SEBI (Listing Obligations and Disclosures Requirements), 2015, introduced
pursuant to SEBI Notification No. SEBI/LAD-NRO/GN/2015-16/013 dated September 2, 2015,
which became effective from December 1, 2015 read with Regulation I5(2)(a) of SEBI
(Listing Obligations and Disclosures Requirements), 2015, Regulation 27(2)(a) is
applicable to only those listed entities having paid-up Equity Share Capital exceeding Rs.
10 Crores and Net Worth exceeding Rs. 25 Crores. In light of the same the Company has
informed BSE Limited regarding the non-applicability of Regulation 27(2)(a) of SEBI
(Listing Obligations and Disclosures Requirements) Regulations 2015.
Even though the provisions of corporate governance as entailed under the aforementioned
SEBI Regulation is not applicable, your Company has voluntarily complied with some of the
criteria specified in Regulation 27 of SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015, to the extent possible.
A Report on Corporate Governance as per the provisions of SEBI (Listing Obligations and
Disclosures Requirements) Regulations, 2015 forms part of this Annual Report.
25) Vigil Mechanism/ Whistle Blower Policy:
Pursuant to Section 177 of the Companies Act, 2013 the Company has a Vigil
Mechanism/Whistle Blower to deal with instance of fraud and mismanagement.
Under the Vigil Mechanism/Whistle Blower, the confidentiality of those reporting
violation(s) is protected and they are not subject to any discriminatory practices.
The said Vigil Mechanism /Whistle Blower can be accessed at the following link: http://
w w w. rt niium. net /cod es- po lides. html.
26) Roditims Cade of Conduct for the Prevention of Insider Trading:
The Insider Trading Policy of the Company covering code of practices and procedures for
fair disclosures of unpublished price sensitive information and code of conduct for the
prevention of insider trading is available on our website http://www.rodippi-net/cadqfr-pplide
27) Risk Management
The Company has in place a process to inform the Board about the risk assessment and
minimization procedures. It has an appropriate risk management system in place for
identification and assessment of risks, measures to mitigate them, and mechanisms for
their proper and timely monitoring and reporting. Presently, Regulation 21 of the SEBI
(Listing Obligations and Disclosures Requirements) Regulations, 2015 with respect to Risk
Management Committee is not applicable to your Company.
28) Particulars of Employees and Remuneration:
The ratio of remuneration of each director to the median employees remuneration as per
Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules. 2014 forms a part of the
Boards Report - "Annexure B".
29) Disclosure Under the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redrcssai) Act, 2013:
ILe Company has complied with provisions relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at Workplace [Prevention,
Prohibition and Redressal) Act, 2013,
The number of complaints received during the year 2022-2023 and their status is given
below:
a. Number of complaints of sexual harassment received during the year |
Nil |
b. Number of complaints investigated during the year |
Nil |
c. Number of complaints disposed- off during the year |
Nil |
d Total no. of cases pending for more than 90 days |
Nil |
e. No. of workshops or awareness programmes carried out |
Not Applicable |
f. Nature of action taken by the employer or district officer |
Not Applicable |
g Number of complaints investigated during the year |
Nil |
h, Number of complaints disposed- off during the year |
Nil |
i. Total no. of cases pending for more than 90 days |
Nil |
h No. of workshops or awareness programmes carried out |
Not Applicable |
k. Nature of action taken by the employer or district officer |
Not Applicable |
30) Related Party Transactions:
All the transactions/contracts/arrangements of the nature as specified in Section
188(1) of the Companies Act, 2013 entered by the Company during the year under review with
related party (ies) are in ordinary course of business and on arms length and are placed
before the Audit Committee and Board for review and approval.
There are no materially significant related party transactions made by the Company with
Promoters, Directors, Key Managerial Personnel or other designated persons which may have
a potential conflict with the interest of the Company at large.
The particulars of contracts or arrangements with related parties referred to in
Section 188(1) and applicable rules of the Companies Act, 2013 in Form AOC-2 is provided
as "Amiejnu-c C" to this Annual Report and forms part of the Directors Report.
31) Dematerialriatfon:
Your Companys Equity Shares are available For dematerialization through National
Securities Depository Limited and Central Depository Services (India) Limited. As on March
31, 2(123, 3219895 Equity Shares, constituting 99-14% of the Equity Shares of your
Company, were held in dematerialized form.
32) Listing:
The Companys Equity Shares are presently listed with the BSE Limited under Security
ID- R.QDIUM, Security Code- 531822.
33) Subsidiary Companies/LLPs:
Your Company is a partner in the following Subsidiary LLPs as of March 31, 2023:
i. " Rodium Housing LLP" (LLP Identification Number: AAO-9257)
ii. "Readystage LLP" (LLP Identification Number: AAI-7I35)
iii. "SI Estate LLP11 (LLP Identification Number: AAJ-6447)
iv. "Fluid Realty LLP" (LLP Identification Number: AAO-9376).
v. "Xperia Realty LLP" (LLP Identification Number: AAO-9372)
vi. "Podium Digital Inc" (Wholly Owned Subsidiary of Rodium Realty Limited)
There have been no significant operations in the any of the Subsidiary LLP above during
the financial year 2022-2023.
Pursuant to provisions of Section 129(3) and rule 5 of Companies (Accounts) Rules, 2014
of the Act, a statement containing the salient features of the financial statements of the
Companys subsidiary in Form AOC-1 is annexed herewith as "Aunexure DL
Associate Companies: As of March 31, 2023, no company is an associate of the Company.
Except provided herein, no other company became or ceased to be a Subsidiary /
Associate / Joint Venture company of the Company.
We are very delighted to let you know that your company has incorporated Rodium Digital
Inc. (also referred to as "Rodium Digital1) a wholly-owned US Subsidiary
of Rodium Realty Ltd. on l11 January, 2023 and is launched to expand its
services to Digital Advertising for small-medium-si ?ed businesses across the US. Pounded
in 2022, Rodium Digital is based in Los Angela, California for its US operations. The
Company provides comprehensive and powerful digital advertising services ranging from
Pay-Fer-Click, Search Engine Optimization, Social Media Marketing, Blogs and Content
Marketing, Newsletter and E-mail Marketing and more for small-to-medium-sized businesses
in the US that do not have a large online presence.
34) Consolidated Financial Statements:
The audited financial statements of the Company are drawn up, both on standalone and
consolidated basis, for the financial year ended March 31, 2023, in accordance with the
requirements of the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) notified
under Section 133 of the Act, read with relevant rules and other accounting principles The
Consolidated Financial Statements have been prepared in accordance with Ind-AS and
relevant provisions of the Act based on the financial statements received from
subsidiaries LLPs.
The financial statements of Subsidiary LLPs as per the provisions of Companies Act,
2013 are not attached along with the financial statements of the Company. Separate audited
financial statement of each of the subsidiaries is placed on the website of the Company at
web link http/ / www. rodium . net/ subsidi ary-o impan v. h tm i.
In terms of Section 136 of the Companies Act, 2013 (the Act ), the Financial
statements and other documents of the Subsidiary Company are not required to be sent to
the members of the Company. However, the financial information of the Subsidiary Company
is disclosed in the Annual Report wherever required. The Company will provide a copy of
the Audited annual accounts in respect of its Subsidiary to any shareholder of the Company
who requests for it and the said Audited annual accounts will also be kept open for
inspection at the Registered Office of your Company.
35) Revision of Financial Statements nr Boards Report:
There were no revisions of financial statements or Boards Report as per the provisions
of Section 131 of Companies Act, 2013 and rules made thereunder.
36) Internal Financial Controls:
The Internal Financial Controls with reference to financial statements as designed and
implemented by the Company are adequate. During the year under review, no material or
serious observation has been received from die Statutory Auditors and the Internal
Auditors of the Company on the inefficiency or inadequacy of such controls.
37) Internal Control Systems:
Adequate internal control systems commensurate with the nature of the Companys
business and size and Complexity of its operations are in place and have been operating
satisfactorily. Internal control systems comprising of policies and procedures are
designed to ensure reliability of financial reporting, timely feedback on achievement of
operational and strategic goals, compliance with policies, procedure, applicable laws and
regulations Internal control systems are designed to ensure that all assets and resources
are acquired economically, used efficiently and adequately protected.
38) Maintenance of Cost Records as Specified by the Central Government under
Sub-Section (I) of Section 148 uf the Companies Act, 2013:
The Provisions for the maintenance of cost records for any of the products/services of
the Company under sub-section fl) of section 148 of the Act and rules made thereunder as
prescribed by the Central Government oflndia is not applicable to your Company.
39) Details in respect uf frauds reported by auditors Under sub-section (12) of section
143 other than those which are reportable to the Central Government:
No ease of fraud was reported by the Companys Auditors during the year, pursuant to
the provisions of Section 143(12) of the Companies Act, 2013,
40) Conservation of energy, research and development, technology absorption, foreign
exchange earnings and outgo:
The details of conservation of energy, technology absorption, foreign exchange earnings
and outgo are as follows;
A- Conservation of energy
There are uo such particulars of the Company which are required to be given in terms of
Section 134(3)(m) read with Rule 8(3) of Chapter IX Rules of the Companies Act, 2013
regarding conservation of energy.
B. Research and Development (K&D)
Expenditure on R & D for the year ended March 31, 2023 was NIL (previous year;
NIL), t. Technology absorption
There are no such particular? of the Company which are required to be given in terms of
Section 134(3)(m) read with Rule 8(3} of Chapter IX Rules of the Companies Act, 2013
regarding technology absorption.
D. Foreign Exchange Earnings and Expenditures
Total foreign exchange earnings & outgo for the current F.Y. 2022-2023 and previous
F.Y.2021-2022 wore NIL.
41) Business Responsibility and Sustainability Report: Presently, the requirement of
publishing Business Responsibility and Sustainability Report (RRSR) under Regulation
34(2)(f) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 is
not applicable to your Company.
42) Unclaimed and Unpaid Dividends, and transfer of shares to DJPFi
Members who have not yet received/claimed their dividend entitlements arc requested to
contact the Company or the Registrar and Transfer Agents of the Company.
Pursuant to Section 124 of the Companies Act, 2013 read with the Investor Education
Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
("Rules"), all dividends remaining unpaid or unclaimed for a period of 7 years
and also the shares in respect of which the dividend has not been claimed by the
shareholders for 7 consecutive years or more are required to be transferred to Investor
Education Protection Fund in accordance with the procedure prescribed in the Rules,
Kindly refer section on Corporate Governance, under head "Transfer of unpaid/
unclaimed amounts to Investor Education and Protection Fund" for the list of
unclaimed and unpaid dividends lying with the Company.
43) Insolvency Proceedings
There is no application made by the Company or any proceedings initiated against the
Company under Insolvency and Bankruptcy Code, 2016 (31 of 2016) the during the year.
44) Valuation for One-time settlement
During the financial year 2022-23, no event has taken place that give rise to reporting
of details w.r.t. difierencc between amount of the valuation done at the time of onetime
settlement and the valuation done while taking loan from the Banks Or Financial
Institutions.
45) Cautionary Statement:
Certain Statements in this Annual Report describing the Companys objectives,
projections, estimates, expectations or predictions may be " forward looking
statements" within the meaning of applicable securities laws and regulations. Actual
results could differ materially from those expressed or implied. Important factor that
could make a difference to the Companys operations include raw material availability and
its prices, regulatory hurdles in project approvals, changes in Government regulations,
introduction of new acts, tax structure, economic development of the country and other
incidental factors.
46) Acknowledgements:
Your Directors wishes to thank ah the stakeholders for the confidence and trust they
have reposed in the Company. Your Directors appreciate the invaluable support provided by
the Companys auditors, lawyers, business partners and investors. Your Directors also
wishes to acknowledge the determination and hard work of all the employees at all levels.
fly order of the Board,
For Rodiutn Realty Limited
Deepak Chheda |
Rokit Dedhia |
Managing Director |
Whole-Time Director |
(DIN: 00419447) |
(DIN: 02716686) |
Place: Mumbai
Date; May 26, 2023
+91-9892691696
