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The Directors are pleased to present the Companys 17th Annual Report together with Audited Accounts for the financial year ended 31st March, 2019.
|(र in Lacs)|
|Particulars||Current Year 31st March, 2019||Previous year 31st March, 2018|
|Revenue from Operation (net)||40,913.41||18,779.89|
|Profit before Finance Cost, Depreciation and Tax||(4,470.10)||(7,836.61)|
|Less: Depreciation & Amortization||4,490.80||4,121.49|
|Less: Finance Cost||265.60||6,171.76|
|Less: Tax Expenses||-||-|
|Net Profit after Tax||(9,226. 50)||(18,129.86)|
|Add: Other Comprehensive Income||(6.99)||1.36|
|Total Comprehensive Income||(9,233.49)||(18,128.50)|
Figures of the previous year have been re-grouped/revised wherever necessary.
FINANCIAL AND OPERATIONAL REVIEW
During the year under review, the Company has achieved Revenue from Operation of र 40,913.41 Lacs as against र 18,779.89 Lacs in the previous year registering a growth of 117.86%. The Company has incurred a Net Loss of र 9,233.49 Lacs as against र 18,128.50 Lacs in the previous year. The losses are mainly attributed due to Company facing liquidity crunches, increase in input cost, low capacity utilisation of plant etc.
The Company has not transferred any amount to the General Reserve due to the losses incurred during the financial year ended 31st March, 2019.
In view of the losses incurred by the Company, the Directors of the Company do not recommend any dividend for the financial year ended 31st March, 2019.
During the year under review, the Board of Directors met eleven (11) times, the details of which are given in the Corporate Governance Report that forms part of this Annual Report. The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CHANGES IN SHARE CAPITAL AND MEMORANDUM OF ASSOCIATION
There was no change in the Share Capital and Memorandum and Articles of Association of the Company during the year.
Retirement by Rotation
In accordance with the provisions of the Companies Act, 2013, Mr. Ankit Patni (DIN: 00034907) retires by rotation and being eligible, offers himself for re-appointment.
Pursuant to the provisions of Section 149, 152, 161 of the Companies Act, 2013 along with the rules made thereunder, read with Regulation 25 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Mr. Ayan Choudhari (DIN: 07107054), has been appointed as an Additional Executive Director with effect form 20th April, 2018. However, he resigned from the directorship of the Company with effect form 30th May, 2018.
Mr. Ankit Patni (DIN: 00034907) was elevated from Non-Executive Promoter Director to Managing Director of the Company in the Board meeting held on 30th May, 2018. Subsequently, the members of the Company in the last Annual General Meeting held on 27th September, 2018 have approved the elevation of Mr. Ankit Patni from Non-Executive Promoter Director to Managing Director of the Company.
Mr. Aritro Roy (DIN: 08257216) has been appointed as an Additional Independent Director (Non-Executive) by the Board of Directors of the Company with effect from 30th August, 2018 up to the date of ensuing Annual General Meeting. Subsequently he resigned from the directorship of the Company with effect form 14th August, 2019 due to some personal reason and preoccupation with other commentments.
Mrs. Sujata Agarwal (DIN: 06833458) Independent Director of the Company whose tenure as an Independent Directors expires on 22nd March, 2019, on recommendation by the Nomination and Remuneration Committee, and on the basis of performance evalution, the Board of Directors in their meeting held on 14th August, 2019 had re-appointed her for a further period of five (5) years with effect form 23rd March, 2020. The Company has received a notice in writing under Section 160 of the Companies Act, 2013 from the member proposing her re-appointment for the office of Independent Director (Non-Executive).
Mr. Sharat Malik (DIN: 08529458) and Mr. Debasish Mukherjee (DIN: 08529465) were appointed as Additional Independent Directors (Non-Executive) by the Board of Directors of the Company with effect from 14th August, 2019 up to the date of ensuing Annual General Meeting. The Board had also appointed then as Independent Director for a period of five years with effect form 14th August, 2019 subject to approval of shareholder in the ensuing AGM. The Company has received notices in writing under Section 160 of the Companies Act, 2013 from the members proposing their candidature for the office of Independent Director (Non-Executive).
Mr. Sanjay Singh (DIN: 00531906), Executive Director of the Company has resigned from the directorship of the Company with effect form 13th April, 2018, due to personal and unavoidable circumstances.
Mr. Ravindra Kumar Mehra (DIN: 07898952) Independent Director of the Company ceased to be the Director of the Company due to sudden demise with effect form 11th August, 2018.
Mr. Jatindra Nath Rudra (DIN: 00059628) Independent Director of the Company ceased to be the Director of the Company due to personal reasons and pre-occupation with other commentments with effect form 14th August, 2019.
KEY MANAGERIAL PERSONNELS (KMPs)
During the year under review, Mr. Sanjay Singh (DIN: 00531906), Executive Director of the Company has resigned from the directorship of the Company with effect form 13th April, 2018 and Mr. Ankit Patni (DIN: 00034907) has been elevated as Managing Director of the Company.
Ms. Jaya Pathak (ACS-46434) ceased to be Company Secretary with effect form 27th March, 2019. Consequent upon her resignation from the Company, Mrs. Vineeta Barmecha (ACS-23936) has been appointed as Company Secretary with effect form 3rd April, 2019.
Pursuant to the provisions of Section 203 of the Companies Act,2013, the KMPs of the Company as on date are:
1. Mr. Ankit Patni, Managing Director
2. Mr. Saurabh Jhunjhunwala, Chief Financial Officer
3. Mrs. Vineeta Barmecha, Company Secretary
DIRECTORS RESPONSIBILITY STATEMENT
Based on the framework of Internal Financial Controls maintained by the Company, work performed by the Internal, Statutory, Cost and Secretarial Auditors and external agencies, the reviews performed by management and the relevant Board Committees, the Board, with the concurrence of the Audit Committee, is of the opinion that the Companys Internal Financial Controls were adequate and effective as on 31st March, 2019.
Accordingly, pursuant to the provisions of Section 134(5) of the Companies Act, 2013, the Board of Directors to the best of their knowledge and ability confirm:
i. that in the preparation of the annual accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;
ii. that we had in consultation with the Statutory Auditors, 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 the financial year 31st March, 2019 and of the profit and loss of the Company for that period;
iii. 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;
iv. that the annual accounts have been prepared on a "going concern" basis;
v. that proper internal financial controls were laid down and that such internal financial controls are adequate and were operating effectively and
vi. that proper systems to ensure compliance with the provisions of all applicable laws were in place and that such systems were adequate and operating effectively.
During the year under review Credit Rating has not been done. The Companys credit rating done for the year 2015-16 for Long- Term and Short-Term debts/facilities was D given by ICRA Limited.
DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES
The Company does not hold any Subsidiary/Joint Venture/Associate Companies during the year under review.
EXTRACT OF ANNUAL RETURN
The details of the extract of the Annual Return in the Form MGT-9 as on 31st March, 2019 is annexed herewith and forms part of this Report as Annexure - I.
WEB ADDRESS OF ANNUAL RETURN
Pursuant to the provisions of the Companies Act, 2013 read with applicable rules made thereunder, the extract of Annual Return of the Company has been disclosed on the website of the Company at http://www.ankitmetal.com/annual-report.html.
The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.
The properties and insurable assets and interests of the Company, like building, plant and machinery and stocks, among others, are adequately insured.
BUSINESS RESPONSIBILITY REPORT (BRR)
The Business Responsibilty Report as per regulation 34(2) of SEBI Listing Regulatuions, is not appliocable to the Company as the Company does not fall under top 500 listed companies on the basis of market capitalisation.
DIVIDEND DISTRIBUTION POLICY
Pursuant to regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, top 500 listed companies based on market capitalisation are required to formulate a Dividend Distribution Policy. Accordingly, your Company is not required to formulate the Dividend Distribution Policy.
AUDIT AND AUDITORS
In terms of the provisions of Section 139 of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014 M/s. J.B.S.&Company, Chartered Accountants (FRN: 323734E) the Auditors of the Company shall hold office from the conclusion of the 15th Annual General Meeting till the conclusion of the 20th Annual General Meeting of the Company, at a remuneration fixed by the Board of Directors of the Company in consultation with the Auditors.
STATUTORY AUDITORS OBSERVATION
Auditors have drawn attention to note no. 28 of the accompanying financial statements regarding non provision of interest expense on the borrowings of the Company amounting to र 12,297.85 Lacs for the year ended 31st March, 2019 (cumulative non provision of र 39,937.90 Lacs and penal interest and charges thereof (amount remaining unascertained) which is not in accordance with the requirements of Ind AS 23: Borrowing Costs read with Ind AS 109: Financial Instruments. During the period the company has also reversed interest amounting to र 2,229.95 Lacs relating to earlier period.
Had the aforesaid interest expense been recognized, the finance cost for the year ended 31st March, 2019 would have been र 14,793.40 Lacs instead of reported amount of र 265.60 Lacs. The total expenses for the year ended 31st March, 2019 would have been र 64,673.50 Lacs instead of र 50,145.70 Lacs. The Net Loss after tax for the year ended 31st March, 2019 would have been र 23,754.30 Lacs instead of reported amount of र 9,226.50 Lacs. Total Comprehensive Loss for the year ended 31st March, 2019 would have been र 23,761.29 Lacs instead of reported amount of र 9,233.49 Lacs. Other equity as on 31st March, 2019 would have been (र 1,12,341.08) Lacs instead of reported amount of (र 72,403.18) Lacs and Other Current Financial Liability as on 31st March, 2019 would have been र 85,451.95 Lacs instead of reported amount of र 45,514.05 Lacs.
Our comments are as under:
The lenders have stopped charging interest on debts, since the dues from the Company have been categorized as Non Performing Asset. The Company is in active discussion/negotiation with it lenders to restructure its debt at a sustainable level. In view of the above, pending finalization of the restructuring plan, the company has not provided accrued interest in its books during the year and reversed interest provided in earlier period pertaining to the period the account was declared NPA by the respective lenders. The Company has reversed interest amounting to र 2,229.95 Lacs for the year ended 31st March, 2019 relating to interest provided for earlier periods. The amount of interest not so provided stands at र 12,297.85 Lacs for the year ended 31st March, 2019 and penal interest and charges thereof (amount remaining uncertain). The unprovided liability in respect of interest on long term and short term borrowings as on 31st March, 2019 amounted to र 37,707.95 Lacs. The same have consequential impact on the reported figures.
In terms of section 148 of the Companies Act, 2013 read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014, on the recommendation of the Audit Committee, the Board of Directors has re-appointed Mr. Sambhu Banerjee, Cost Accountant (Membership No. 9780), as Cost Auditor of the Company, at a remuneration of र 35,000 plus applicable taxes and re-imbursement of out of pocket expenses incurred by them to conduct an audit of the cost accounting records maintained by the Company for the current financial year beginning from 1st April, 2019 and ending on 31st March, 2020.
As required under section 148 of the Companies Act, 2013 read with rule 14 of the Companies (Audit and Auditors) Rules, 2014, the remuneration payable to Cost Auditor is being placed at the ensuing Annual General Meeting for ratification by the members.
The Company has duly prepared and maintained the cost records of the business activities carried out by the Company during the financial year 2018-19 as required pursuant to the provisions of section 148(1) of the Companies Act, 2013 read with Companies (Cost Records and Audit) Rules, 2014.
In terms of section 204 of the Companies Act, 2013 and rules made there under, M/s. K. C. Dhanuka & Co. (Prop. Mr. K.C. Dhanuka, FCS- 2204), Practicing Company Secretary has been appointed as Secretarial Auditor of the Company for the financial year 2018-19. The report of the Secretarial Auditor in Form MR-3 is enclosed as Annexure - II to this report.
SECRETARIAL COMPLIANCE REPORT
Pursuant to SEBI Circular no. CIR/CFD/CMD1/27/2019 dated 8th February, 2019 and regulation 24(A) of the SEBI Listing Regulations, Secretarial Compliance Report for the financial year ended 31st March, 2019 issued by M/s. K. C. Dhanuka & Co., (Prop. Mr. K.C. Dhanuka, FCS - 2204), Practicing Company Secretary is annexed herewith and marked as Annexure - III to this report. The Secretarial Compliance Report does not contain any qualifications, reservation or adverse remarks.
SECRETARIAL AUDITORS OBSERVATION
The Secretarial Auditor has the following observation in Form MR-3 enclosed as Annexure II:
i. It has been observed that the Company has defaulted in the payment of statutory dues within the prescribed time. Our Comment is as under:
i. Payment of statutory dues has been delayed due to poor liquidity position.
In terms of section 138 of the Companies Act, 2013 read with rule 13 of the Companies (Accounts) Rules, 2014, on the recommendation of Audit Committee, the Board of Directors has re-appointed M/s. N. R. & Associates, Cost Accountants (FRN: 102903) as Internal Auditor of the Company for the financial year 2019-20 at a remuneration fixed by the Board of Directors of the Company in consultation with the Auditors.
INTERNAL FINANCIAL CONTROL SYSTEM
The Companies Act, 2013 has mandated the Company to have a formal framework of Internal Financial Controls (IFC) and has also laid down specific responsibilities on the Board, Audit Committee, Independent Directors and Statutory Auditor with regard to IFC.
The financial control system and framework is required to ensure:
The orderly and efficient conduct of its business,
Safeguarding of its assets,
The prevention and detection of frauds and errors,
The accuracy and completeness of the accounting records and
The timely preparation of reliable financial information.
The Board reviews the effectiveness of controls documented as part of Internal Financial Control (IFC) framework and take necessary corrective actions, where weaknesses are identified as a result of such reviews. This review covers entity level controls, fraud risk controls and information technology environment.
The policies and procedures adopted by the Company ensures the orderly and efficient conduct of its business and adherence to the Companys policies, prevention and detection of frauds and errors, accuracy and completeness of the records and the timely preparation of reliable financial information.
Based on this evaluation, no significant events had come to notice during the year that have materially affected or are reasonably likely to materially affect our IFC. The management has also come to the conclusion that the IFC and other financial reporting was effective during the year and is adequate considering the business operations of the Company.
The Statutory Auditor of the Company has audited the Internal Financial Control over Financial Reporting and their Audit Report is annexed as Annexure-B to the Independent Auditors Report under Financial Statements.
DISCLOSURES ON REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND EMPLOYEES OF THE COMPANY
Disclosure pertaining to remuneration and other details as required under section 134(3)(q), 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and subsequent amendments thereto is annexed to this Directors Report as Annexure - IV.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO
A statement giving details of Conservation of Energy, Technology Absorption and Foreign Exchange Earning and Outgo as required under section 134(3)(m) of the Companies Act, 2013 read with rule 8 of the Companies (Accounts) Rules 2014, is annexed to this report as Annexure - V.
DECLARATION ON COMPLIANCE WITH CODE OF CONDUCT
The Board has formulated a Code of Conduct for the Board members and Senior Management of the Company, which has been posted on the website of the Company.
It is hereby affirmed that all the Directors and Senior Management Personnel have complied with the Code and a confirmation to that effect has been obtained from the directors and the senior management.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS/ COURTS / TRIBUNALS
The name of the Company has appeared in the list of 331 Shell Companies as declared by SEBI vide its letter No. SEBI/HO/ISD/ OW/P/2017/18183 dated 7th August, 2017. The Company has responded to the various queries raised by the National Stock Exchange of India Limited and BSE Limited in this connection vide SEBI letter No. SEBI/HO/ISD/OW/P/2017/18926 dated 9th August, 2017. The National Stock Exchange of India Limited vide their order dated 31st January, 2018 has disposed off the case.
MATERIAL CHANGES AFFECTING THE COMPANY
The name of the Company has appeared in the list of 331 Shell Companies as declared by SEBI vide its letter No. SEBI/HO/ ISD/OW/P/2017/18183 dated 7thAugust, 2017 due to which the Company was put under GSM Stage VI .The Company has responded to the various queries raised by the National Stock Exchange of India Limited and BSE Limited in this connection.
The National Stock Exchange of India Limited vide their order dated 31st January, 2018 has disposed off the case and through its circular dated 15th June, 2018, the Company was updated to GSM Stage I.
Various credit facilities availed from UBI, IOB, SBI, IDBI and Allahabad Bank have been assigned by the respective banks in favour of Asset Reconstruction Companies under various assignment agreements between the respective banks and Asset Reconstruction Companies. The credit facilities availed from Andhra Bank has been assigned to Alchemist Assets Reconstruction Company and the Company has entered into a settlement agreement with them.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The Company has not given any loans or guarantees covered under the provisions of section 186 of the Companies Act, 2013.
The details of the investments made by Company are given in the notes to the financial statements.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES
All contracts/arrangements/transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on arms length basis. During the year, the Company had not entered into any contract/ arrangement/transaction with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions between the Company and the Directors, the management, or the relatives except for those disclosed in the financial statements. The Company has seeked omnibus approval for related party transactions as per Regulation 23 (3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations,2015 for the financial Year 2018-19.
Accordingly, particulars of contracts or arrangements entered into by the Company with related parties referred to in section 188(1) of the Companies Act, 2013 in Form AOC-2 i.e. Annexure - VI is Nil.
POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION
The Board has, on the recommendation of the Nomination and Remuneration Committee, framed a policy for selection and appointment of Directors, Key Managerial Personnel and their remuneration.A note on Nomination and Remuneration Policy has been made part of the Corporate Governance Report.
RISK MANAGEMENT POLICY
The Company has a defined Risk Management framework to identify, assess, monitor and mitigate various risks to key business objectives. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis.
The Risk Management Policy provides for identification of risk, its assessment and procedures to minimize risk. The policy is periodically reviewed to ensure that the executive management controls the risk as per decided policy.
DISCLOSURE UNDER SEXUAL HARASSMENT OF EMPLOYEE AT WORKPLACE
The Company has a policy on Sexual Harassment in line with the requirements of the Sexual Harassment of any employee at workplace. The Audit Committee will redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.
The details related to complaints pertaining to sexual harassment during the financial year 2018-19 is separately covered under the Corporate Governance Report which forms part of this Annual Report.
STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SECTION 149(6)
The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of Independence as laid down under section 149(6) of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 with the Stock Exchanges.
FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS
The Company proactively keeps its Directors informed of the activities of the Company, its management and operations and provides an overall industry perspective as well as issues being faced by the industry. The Familiarisation Programme Policy and details of familiarisation programmes for Independent Directors is available on the Companys website www.ankitmetal.com
The composition and terms of reference of the Audit Committee has been furnished in the Corporate Governance Report which forms part of this Annual Report. There has been no instance where the Board has not accepted the recommendations of the Audit Committee.
NOMINATION AND REMUNERATION COMMITTEE
The composition and terms of reference of the Nomination and Remuneration Committee has been furnished in the Corporate Governance Report which forms part of this Annual Report.
STAKEHOLDERS RELATIONSHIP COMMITTEE
The composition and terms of reference of Stakeholders Relationship Committee has been furnished in the Corporate Governance Report which forms part of this Annual Report.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
In line with the provisions of the Companies Act, 2013, the Company has framed its Corporate Social Responsibility (CSR) policy for the development of programmes and projects for the benefit of weaker sections of the society and the same has been approved by the CSR Committee and the Board of Directors of the Company. The Company has not spent any amount in CSR activities since the Company has incurred losses during the previous three (3) years eroding the entire net worth of the Company.
In terms of section 177 of the Companies Act, 2013, rules framed thereunder and regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has a vigil mechanism in place for the Directors and employees of the Company through which genuine concerns regarding various issues relating to inappropriate functioning of the organisation can be communicated. For this purpose, the Board has a Vigil Mechanism and the same has been uploaded on the website of the Company i.e. www.ankitmetal.com and available at the link http://www.ankitmetal.com/vigil-mechanism.pdf. The policy has been constituted under the guidance of the Chairman of the Audit Committee. During the year under review, there has been no incidence reported which required action by the Audit Committee.
The Board has carried out an annual evaluation of its own performance, the directors individually as well as the evaluation of the functioning of various Committees. The Independent Directors also carried out the evaluation of the Chairman and the Non Independent Directors, the details of which are covered in the Corporate Governance Report.
The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out in regulation 34(3) read with schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Corporate Governance Report as stipulated under the above regulation forms an integral part of this Annual Report.
MANAGEMENT DISCUSSION AND ANALYSIS (MDA)
Managements Discussion and Analysis for the year under review, as stipulated under regulation 34(3) read with schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented in a separate section forming part of this Annual Report.
As required by regulation 34(3) read with schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the CEO/CFO certification has been submitted to the Board and forms an integral part of this Annual Report.
AWARDS & ACHIEVEMENTS
During the year under review the Company has not received any awards.
GREEN INITIATIVES IN CORPORATE GOVERNANCE
Ministry of Corporate Affairs has permitted companies to send electronic copies of Annual Report, notices etc., to the e-mail ids of shareholders. The Company has accordingly arranged to send the soft copies of these documents to the e-mail ids of shareholders wherever applicable. In case any shareholder would like to receive physical copies of these documents, the same shall be forwarded upon receipt of written request.
The Directors wish to extend their thanks and appreciation for the valuable and continued support received from the shareholders, Companys bankers, Central and State Government authorities, Stock Exchange(s), Depository Participant(s) and all other business associates for the growth of the organisation.
The Directors also wish to place on record their deep appreciation to all the employees for their commitment and continued contribution to the Company.
ANNEXURES FORMING PART OF THE DIRECTORS REPORT
The annexures referred to in this report and other information which are required to be disclosed are annexed herewith and forms part of this Directors Report:
|I||Extract of the Annual Return (Form MGT-9)|
|II||Secretarial Audit Report (Form MR-3)|
|II||Secretarial Compaliance Report|
|IV||Parculars of Employees|
|V||Prescribed parculars of Conservaon of Energy, Technology, Absorpon and Foreign Exchange Earnings and Outgo|
|VI||Parculars of Contract or Arrangements with Related Pares (Form AOC-2)|
|For and on behalf of the Board|
|Ankit Metal & Power Limited|
|Place: Kolkata||Suresh Kumar Patni|
|Dated: 14th August, 2019||Chairman|