Anjani Finance Ltd Directors Report

The Companys financial performance, for the year ended March 31^st, 2025 is Summarized Below: (Amount in ‘000)

During the year the Company has achieved a turnover of 90.00 Lakhs as against turnover of 127.00 Lakhs in the previous year registering a decreased of 29.3%. The overall performance remains satisfactory. Profit for the year has decreased by (0.24) Lakh which is Rs. 60.225 as compared to Rs 60.465 in the previous year. Proportionate share in the profits of associate companies based on the shareholdings, have been included in the consolidated financial statement for the year ended 31"March, 2025

During the year under review, there was no change in the nature of business of the company and there is no material changes and/or commitments, affecting the financial position of the company, during the financial year 2024- 2025.

The Equity Shares of the Company continue to remain listed on BSE Limited (Security Code: 531878). The company has paid the due listing fees to BSE Limited for the financial year 2025-26 on time.

In order to preserve the profit and to utilize such amount in the business activities, Board of Directors of your company does not recommend any dividend during the year 2024-25 under review. (Previous year: Nil)

No amount is required to be transferred to the investor education & protection fund during the year.

The Company has transferred Rs. 927982/- to the NBFC Reserves as per requirement of the Directions of the RBI to the NBFC Companies (Previous year RS. 966880/-) except that no amount has been transferred or withdrawn from the reserves by the Company.

The company has not required credit rating during the year

The company has ascertained NPA under Non-Banking Financial (Non deposit accepting or holding) Companys Prudential norms (Reserve Bank) Directions, 2007, as amended from time to time, and made adequate provisions there against. The company did not recognize interest income on such NPAs. And also no assets of the company are classified as non-performing under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As such, no provision is required to be maintained.

10. COMPLIANCE OF RBI GUIDELINES:

The company continues to comply with all the requirements prescribed by NBFC Companies from time to time

11. ASSOCIATES/SUBSIDIARIES/JOINT VENTURES COMPANIES

The company has no Subsidiaries and Joint Ventures.

12. DETAILS IN RESPECT OF FRAUD REPORTED BY AUDITORS UNDER SECTION

143(12) OF THE COMPANIES ACT, 2013 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT:

During the year under review, Statutory Auditors have not reported, any instances of fraud committed against your Company by its officers and employees to the Board, details of which would need to be mentioned in the Boards Report under section 143(12) of the . Companies Act, 2013.

13. THE DETAILS ABOUT THE POLICY DEVELOPED AND IMPLEMENTED BY THE

COMPANY ON CSR {CORPORATE SOCIAL RESPONSIBILITY) INITIATIVES TAKEN DURING THE YEAR:

Your company does not fall under the threshold limit as required under the provisions of Section 135 of Companies Act, 2013 and rules made there under, hence there was no requirement to constitute CSR Committee as well formulate any policy thereof.

14. CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE OF DIRECTOR AND OTHER MATTERS UNDER SECTION 178(3) OF

THE COMPANIES ACT, 2013:

The Board has, on the recommendation of the nomination and remuneration committee framed a Nomination, Remuneration and Evaluation Policy which lays down the criteria for identifying the persons who are qualified to be appointed as directors and, or senior management personnel of the company, along with the criteria for determination of remuneration of directors, KMPs and other employees and their evaluation and includes other matters, as prescribed under the provisions of section 178 of Companies Act, 2013 and Regulation 19 of SEBI (LODR) Regulations 2015. Policy of the Company has been given at the website of the Company at anjanifin@rediffmail.com. The details of the same are also covered in Corporate Governance Report forming part of this Annual Report.

15. DISCLOSURE U/S 134 (3)

Pursuant to the provisions of sec 134 (3) read with companies (Accounts) rules, 2014. The required informations & disclosures, to the extent applicable to the company are as under:

The web address where Annual Return in form n o MGT-7 . is annexed is https://anjanifin.com//uploads/images/MGT-7_anjani_web_site.pdf

Policy of company for the appointment of Directors and their remuneration as per Annexure-“B”.

The particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 in the Form AOC-2 is enclosed herewith as per Annexure “C”.

Statement of Conservation of energy, technology absorption and foreign exchange earnings and outgo is not applicable to the company.

The ratio of the remuneration of each director to the median employees remuneration and .their details in terms of subsection 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are forming part of this report and is annexed as per Annexure “D”. There is no employee drawing remuneration of 850000/- per month or 10200000/- per year, therefore the particulars of employees as required U/s 197(12) of the Companies Act, 2013 read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are not applicable to the Company.

16. STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF A RISK

MANAGEMENT POLICY FOR THE COMPANY INCLUDING IDENTIFICATION THEREIN OF ELEMENTS OF RISK:

The Company is primarily engaged in the business of Investment and Lending Activities and is associated with the normal business risk of the market. Any change in the taxation and Industrial policy by the Government may adversely affect the profitability of the Company. The Company is having adequate internal control to monitor the financial transactions and the books of accounts are being audited by the independent auditor of the Company.

17. DISCLOSURES OF CODES, STANDARDS, POLICIES AND COMPLIANCES

THEREUNDER : a) Know Your Customer and Anti money laundering measure policy

Your company has a board approved Know Your Customer (KYC Policy) and Anti Money Laundering measure policy (AML Policy) in place and adheres to the said policy. The said policy is in line with the RBI Guidelines. Company has also adhered to the compliance requirement in terms of the said policy including the monitoring and reporting of cash and suspicious transactions. There are however, no cash transactions of the value of more than Rs. 10,00,000/- or any suspicious transactions whether or not made in cash noticed by the company in terms of the said policy. b) Fair Practice Code

Your company has in place a Fair Practice Code (FPC), as per RBI Regulations which includes guidelines from appropriate staff conduct when dealing with the customers and on the organizations policies vis-a-vis client protection. Your company and its employees duly complied with the provisions of FPC. c) Code of Conduct for Board of Directors and the Senior Management Personnel

Your company has adopted a code of conduct as required under Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for its BOD and the senior management personnel. The code requires the directors and employees of the company to act honestly, ethically and with integrity and in a professional and respectful manner. A certificate of the Management is attached with the Report in the Corporate Governance section. d) Code of Prohibition of Insider Trading Practices

Your company has in place a code for prevention of insider trading practices in accordance with the model code of conduct, as prescribed under SEBI ( prohibition of insider trading) Regulations, 2015, as amended and has duly complied with the provisions of the said code. e) Vigil Mechanism Policy

Pursuant to the provisions of section 177(9) and (10) of the Companies Act 2013 read with rule 7 of Companies (Meeting of Boards and its powers) Rules, 2014 and Regulation 22 of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the company and adopted a whistle blower policy which provides for a vigil mechanism that encourages and supports its directors and employees to report instances of unethical behavior, actual or suspected, fraud or violation of the company code of conduct policy. It also provides for adequate safeguards against victimization of persons who use this mechanism and direct access to the chairman of audit committee in exceptional cases. Policy of the whistle blower of the Company has been given at the website of the company at www.anjanifin.com and attached the same as Annexure-E to this report. f) Prevention, Prohibition and Redressal of Sexual harassment of women at work place 1

Your Company has zero tolerance for sexual harassment at workplace. The Company has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 (POSH Act) and the rules framed there under. All employees (permanent, contractual, temporary, trainees) are covered under this policy. As per the requirement of the Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (Act) and Rules made there under, your company has constituted Internal Complaints Committees (ICC). Statement showing the number of complaints filed during the financial year and the number of complaints pending as on the end of the financial year is shown as under:

g) Nomination, Remuneration and Evaluation Policy (NRE Policy)

The Board has, on the recommendation of the nomination and remuneration committee framed a nomination, remuneration and evaluation policy which lays down the criteria for identifying the persons who are qualified to be appointed as directors and, or senior management personnel of the company, along with the criteria for determination of remuneration of directors, KMPS and other employees and their evaluation and includes other matters, as prescribed under the provisions of section 178 of Companies Act, 2013 and clause 49 of the Listing Agreement and Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Policy of the Company has been given at the website of the Company at www.anjanifin.com and attached the same as Annexure B to this report. The details of the same are also covered in corporate Governance Report forming part of this annual report. h) Related Party Transactions Policy

There were no materially significant related party transactions held during the FY 2024-25 that may have potential conflict with the interest of company at large. Transactions entered with related parties as defined under the Companies Act, 2013 and Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, during the financial year were mainly in the ordinary course of business and on an arms length basis. The related party transaction policy as formulated by the company defines the materiality of related party and lays down the procedures of dealing with related p arty transactions. The details o f the same are p o sted on the Company web-site www.anjanifin.com. i) Policy of company for the appointment of Directors and their remuneration Policy of company for the appointment of Directors and their remuneration is hosted on the website (www.availablefinance.in) of the company as per the requirement of the section 178 of the Company Act, 2013

18. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board of Directors of your company consists of 4 directors. Mr. Sanjay Kumar Agarwal (DIN 00023611) continued to hold the office as a non-executive non-Independent director of the company. Mrs. Kalpana Jain (DIN 02665393) is a Managing Director of company. Mr. Sarthak Agrawal (DIN 09700883) and Mr. Ankur Agrawal (DIN 07551302)) are the Independent directors of the Company. All independent directors have given declaration that they meet the criteria of independence as laid down under section 149(6) of the companies Act, 2013 and clause 49 of the Listing Agreement and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 forms part of this report. In accordance with the provisions of Section 152 of the companies Act 2013 read with relevant provisions of Articles of Association of the company, Mr. Sanjay Kumar Agarwal will retire by rotation at the ensuing Annual General meeting and being eligible offers himself for re-appointment. The Board recommends her re-appointment.

The brief resume of directors proposed to be appointed/ reappointed, nature of their expertise in specific functional areas and names of the companies in which they hold directorship along with their membership/chairmanship of committees of the board as stipulated under Clause 49 of Listing Agreement o f stock exchanges and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, or provided in the Corporate Governance section along with the Annual Report. Based on the confirmations received, none of the directors are disqualified from being appointed, reappointed as directors in terms of section 164 of the Companies Act, 2013. Independent Director Pursuant to the provision of the Companies Act, 2013, company is having two Independent Director as on 31.03.2025, which are as follows: -

CS Nasir Khan, a whole time Company Secretary of the company is designated as key managerial personnel of the company as per the provisions of section 203 of the companies Act, 2013, has resigned w.e.f 05.08.2025 and CS Utsav Agarwal has been appointed a whole time Company Secretary of the company w.e.f 05.08.2025 in his place.

19. NUMBER OF MEETINGS OF THE BOARD:

During the FY 2023-2, (Five) 5 Board meetings were convened and held 29.05.2024, 12.08.2024, 25.10.2024, 13.12.2024 and 10.02.2025. The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013 and the SEBI (Listing obligation And Disclosure Requirement) Regulations, 2015. The details of the Board meetings held during the year along with the attendance of the respective directors there at are set out in the Corporate Governance Report forming part of this annual report.

20. CAPITAL STRUCTURE AND SHARE CAPITAL:

The Paid-up Equity Share Capital as on 31^st March, 2025 is Rs. 10,14,33,000/- (Rupees Ten crore fourteen lacs thirty three thousand only) divided into 1,01,43,300 (Rupees one crore one lacs forty three thousand three hundred) Equity Shares of Rs. 10/- each. During the year under review, the company has not issued any shares with differential voting rights nor granted stock options nor sweat equity Shares as on 31 ^st March, 2025. Further that there is no change in the share capital of the company during the year under review

21. SIGNIFICANT/MATERIAL ORDERS PASSED BY THE REGULATOR OR COURT OR

TRIBUNALS

During the year Stock Exchange (BSE) imposed penalty of Rs. 41300/- (including GST) on the company due to late compliance of regulation 33 of SEBI (LODR) Regulations, 2015

Furthermore, there were no significant/material orders passed by any regulator or court or tribunal which would Impact the going concern status of the company and its future operations.

22. INTERNAL AUDIT AND INTERNAL FINANCIAL CONTROL SYSTEM

The company has appointed an independent firm M/s Pallavi Jain & Company Chartered Accountants (FRN 020689C) for conducting the audit as per the internal audit standards and regulations. The internal auditor reports to the audit committee of the board. The audit function maintains its independence and objectivity while carrying out assignments. It evaluates on a continuous basis, the adequacy and effectiveness of internal control mechanism with interaction of KMP and functional staff. The company has taken stringent measures to control the quality of disbursement of loan and its recovery to prevent fraud.

23. SECRETERIAL AUDIT AND REPORT

Pursuant to the provisions of section 204 of the Companies Act, 2013 and the companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the BOD of the company had appointed M/s SMR & Associates Practicing Company Secretary, Indore to undertake the secretarial audit of the company for the F.Y. 2024-25 in the meeting held on 29.05.2024. The secretarial audit report for the F.Y. ended March 31, 2025 is annexed herewith as per Annexure “F”. The said report does not contain any material qualification, reservation or adverse remark except the following:-

But following observation made as under:

Further, the Board of directors of the Company on the recommendation of the Audit Committee, at its meeting ,has recommended the members to approve the appointment of M/s SMR & Associates Practicing Company Secretaries, (FCS:6841 ; CP: 26061) to conduct Secretarial Audit for the consecutive 5 (five) years from the conclusion of the 36^th AGM till the conclusion of the 41^st AGM to be held in the calendar year 2030. Mr. Mohd. Raees Sheikh, Proprietor of the M/s SMR & Associates, Company Secretaries has consented to act as the Secretarial Auditor of the Company and confirmed that his appointment, if approved, would be within the limits prescribed under the Companies Act, 2013 and SEBI LODR Regulations. He has further confirmed that he is not disqualified to be appointed as the Secretarial Auditor under the applicable provisions of the Act, rules made thereunder, and SEBI Listing Regulations.

24. APPOINTMENT OF THE STATUTORY AUDITORS AND EXPLANATIONS OR

COMMENTS ON QUALIFICATION, RESERVATION OR ADVERSE REMARK OR DISCLAIMER MADE BY THE STATUTORY AUDITORS IN THEIR REPORT:.

The 2^nd term of 5 (five) consecutive years of M/s Mahendra Badjatya & Co, Chartered Accountants, (F.R.NO: 001457C), Indore as Statutory Auditors of the Company will expire at the conclusion of ensuing 36^th Annual General Meeting (AGM). Accordingly, in terms of provisions of section 139 of the Companies Act, 2013 the Audit Committee and Board recommends the appointment of M/s. SAP Jain & Associates (FRN: 019356C), Chartered Accountants, Indore as the Statutory Auditors of the Company to hold office of the Auditors for a first term of 5 (Five) consecutive years from the conclusion of 36^th AGM till the conclusion of 41^st Annual General Meeting to be held in the year 2030 in place of the existing retiring auditor M/s Mahendra Badjatya & Co, Chartered Accountants, (F.R.NO: 001457C) on such remuneration as may be mutually decided by the Auditors and Board. As required under Regulation 33(1)(d) of the SEBI (LODR) Regulation, 2015, the proposed auditor has confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India.

The Auditors Report and the Notes on financial statement for the year 2024-25 referred to in the Auditors Report are self-explanatory and do not contain any qualification, reservation or adverse remark, therefore, do not call for any further comments.

25. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of its knowledge and ability, confirm that:

a) In the preparation of the annual accounts for the year ended March 31^st,2025, the applicable accounting standards read with requirements set out under Schedule III to the Act, have been followed and there is no material departures from the same; b) 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 March 31^st,2025 and of the profit and loss of the company for the year ended on that date;

c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;

d) The directors had prepared the annual accounts on a “going concern” basis; e) The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively; and f) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems are adequate and operating effectively.

26. CORPORATE GOVERNANCE & MANAGEMENT DISCUSSION AND ANALYSIS

Pursuant to Agreement with BSE, Regulation 34 read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Companies Act 2013, the corporate governance report, management discussion and analysis and the auditors certificate regarding compliance of conditions of corporate governance is enclosed herewith as per Annexure - G.

27. STATEMENT INDICATING THE MANNER IN W HICH FORMAL ANNUAL

EVALUATION HAS BEEN MADE BY THE BOARD OF ITS PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Pursuant to the provisions of the companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, an Annual Performance evaluation of the Board, the directors individually as well as the evaluation of the working of the board committees including audit committee and other committees of the board of directors of the company was carried out during the year and is covered under the corporate governance report forming part of this annual report. The Board carried out an annual performance evaluation of the Board, Committees, Individual Directors and the Chairperson. The Chairman of the respective Committees shared the report on evaluation with the respective committees members. The performance of each committee was evaluated by the Board, based on report on evaluation receive committees. The report on performance evaluation of the Individuals Directors was reviewed by the Board and feedback was given to Directors.

28. DEPOSITS

The Company is a non-deposit taking category - B, NBFC Company. The company does not have any public deposits within the meaning of Section 73 of the Companies Act, 2013. Further that the company has not accepted any deposit in contravention of the provisions of the Companies Act, 2013 as well as RBI directions.

29. PARTICULARS OF EMPLOYEES:

The ratio of the remuneration of each director to the median employees remuneration and other details in terms of u/s 197(12) of the Companies Act, 2013 read with Rule 5(1) of the. Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are forming part of this report and is annexed as per Annexure D.

The Company is having only three employees on 31^st March, 2025 and the particulars there of in terms of remuneration drawn as per rule 5(2) read with rule 5(3) of Companies (Appointment and remuneration of Managerial Personnel) Rules, 2014 as amended, is annexed with the report as Annexure-D There are certain employees in the company, who were in the receipt of remuneration in the F.Y. 2024-25 which in aggregate is in excess of that drawn by the whole-time director. Since they do not hold any shares in the company, either by themselves or along with their spouse and dependent children, the disclosure under rule 5 of Companies (Appointment and remuneration of Managerial Personnel) Rule, 2014 is not required.

Further, there is no employee drawing remuneration of Rs. 8,50,000/- per month or 1,02,00,000/- per year, therefore, the disclosure of particulars of employees as per reg. 197(12) of the Companies Act, 2013 read with Rule 5(2) and Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are not applicable to the Company.

30. COMPLIANCE WITH SECRETARIAL STANDARDS:

Your Company is in compliance with the Secretarial Standards specified by the Institute of Company Secretaries of India. 31. PROVISION OF VOTING BY ELECTRONIC MEANS:

Your Company is providing E-voting facility under section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015. The ensuing AGM will be conducted through Video Conferencing/OVAM, and no physical meeting will be held, and your company has made necessary arrangements with CDSL to provide facility for remote e-voting and e-voting at 32. ADEQUACY OF INTERNAL FINANCIAL CONTROLS

The company has an adequate internal financial control backed by sufficient qualified staff, system software and special softwares. The company has also an internal audit system by the external agency.

33. COMMITTEE OF THE BOARD

The company has duly constituted the following committee as per the provisions of Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

a) Audit Committee as per section 177 of the Companies Act, 2013 and Regulation 18 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. b) Stakeholder Relationship Committee as per section 178 of the Companies Act, 2013 and Regulation 20 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. c) Nomination and Remuneration Committee as per section 178 of the Companies Act, 2013 and Regulation 19 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.

The details of the composition of the audit committee and other committees and their respective terms of reference are included in the corporate Governance report forming part of this annual report. The Audit Committee and other Board Committees meet at regular intervals prescribed in the Companies Act, 2013, SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and any other Act applicable, if any.

34. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL

POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OFTHE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OFTHE REPORT:

There have been no material changes and commitments, affecting the financial position of the Company which had occurred between the end of the financial year of the Company to which the financial statements relate and the date of the report.

35. DISCLOSURE AS PER TERMS OF PARAGRAPH 9BB OF NON BANKING FINANCIAL

COMPANIES PRUDENTIALNORMS (RESERVE BANK) DIRECTIONS. 1998.

The desired disclosure is enclosed herewith as per attached financial statements.

36. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXHANGE

EARNING AND OUT GO

A. Conservation of Energy:

During the year under review the company has not taken any steps, towards conservation of energy. However, the company will take necessary steps towards conservation of energy whenever it feels necessary.

B. Technology Absorption

During the year under review the company has not taken any steps, towards technology absorption. However, the company will take necessary steps towards technology absorption whenever it feels necessary.

C. Foreign Exchange Earnings and Outgo

During the year foreign exchange and outgo of the Company as follows:

The above foreign currency outgo was against import of goods & services and expenditure during the year.

37. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

Details of loans granted, guarantee provided and investment made by the Company which are covered under the provisions of Section 186 of the Act, is provided in Notes forming part of Financial Statements and hence not repeated here.

38. EXTRACT OF ANNUAL RETURN

In accordance with Section 92(3) of the Act, a copy of the Annual Return is available on the website of the Company https://anjanifin.com//uploads/images/MGT-7_anjani_web_site.pdf

39. GENERAL DISCLOSURE:

Your directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these matters or were not applicable to the Company during the year under review:

Your Company is not required to conduct the Cost Audit and is not required to maintain Cost Records as specified under section 148 of the Companies Act, 2013.

Your Company has not filed any application or there is no application or proceeding pending against the company under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year under review.

Your Company has neither announced any Corporate Action (buy back of securities, payment of dividend declared, mergers and de-mergers, split and issue of any securities) nor failed to implement or complete the Corporate Action within prescribed timelines.

There were no voting rights exercised by any employee of the Company pursuant to. the section 67(3) read with the Rule 16 of the Companies (Share Capital and Debenture) Rules, 2014.