CMM Infraprojects Ltd Directors Report.

To,

The Members of

CMM Infraprojects Limited

Your Directors are pleased to present the 16th Annual Report of the Company on the business and operations of the Company together, with the audited financial statements for the financial year ended 31st March, 2021.

SYNOPSIS OF PROFIT AND LOSS ACCOUNT

The Companys Performance during the financial year ended March 31, 2021 as compared to the previous financial year is summarised below:

Particulars 2020-21 2019-20
Revenue from operations 51,93,43,388 70,32,82,547
Other income 3,70,10,172 1,36,44,244
Total Revenue 55,63,53,560 71,69,26,791
Total Expenses 54,08,46,558 70,78,57,013
Profit/(Loss) before interest, depreciation, amortization and taxes (EBITDA) 10,10,04,604 9,49,93,409
Depreciation and Amortisation 2,11,47,655 2,28,72,223
Finance Cost 6,43,49,948 6,30,51,408
Pro t before tax 1,55,07,001 90,69,778
Tax expenses 1,34,90,971 (19,70,058)
Pr t after tax 20,16,030 1,10,39,836

CHANGE IN THE NATURE OF BUSINESS:

There has been no change in the nature of the business of the Company during the year.

HIGHLIGHTS OF FINANCIAL PERFORMANCE:

During the year under review, your Companys total revenue stood at Rs. 56,63,53,560/- as compared to Rs. 71,69,26,791/- for the previous year. The Operating Pro t before Taxation (PBT) amounted to Rs. 155.07 Lakhs as against Rs. 90.70 Lakhs in previous year. Total Income/Pro t after Tax (PAT) amounted to Rs. 20.16 Lakhs as against Rs. 110.40 Lakhs in previous year.

DIVIDEND:

To cater the growing need of funds for business operations, your Directors have decided not to recommend any dividend on Equity Shares for the year under review.

TRANSFER TO RESERVES:

The Company has not transferred any amount to the reserve out of the profits earned during the year under review.

SHARE CAPITAL POSITION AS ON 31st MARCH, 2021:

The Authorised Share Capital of the company is Rs.16,00,00,000 divided into 1,60,00,000 equity shares of Rs.10/- each. The paid up share capital of the company is Rs.15,67,32,600 divided into 1,56,73,260 equity shares of Rs. 10/- each. There has been no change in the share capital of the Company.

PAYMENT OF LISTING FEES:

Annual listing fee for the year 2021-2022 has been paid by the Company to NSE Limited where the shares of the Company are listed.

INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal financial controls with reference to the financial statements. During the year, such controls were evaluated and no reportable de ciency in the design or operations of such controls were observed.

RELATED PARTY TRANSACTIONS:

All related party transactions that were entered into during the financial year under review were on arms length basis and were in the ordinary course of the business. 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. 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.

PARTICULARS OF LOANS, GUARANTEES OF INVESTMENTS:

Your Company has not given any loans or guarantees or made investment beyond the limits mentioned under Section 186 of the Companies Act, 2013. Kindly refer the financial statements for the loans, guarantees and investments given/ made by the Company, if any, as on March 31, 2021.

DEPOSITS:

The Company has not invited/accepted any deposits from public during the year under review to which the provisions of Section 73 of the Companies Act, 2013 are applicable.

DIRECTORS RESPONSIBILITY STATEMENT:

In terms of Section 134(5) of the Companies Act, 2013, in relation to the audited financial statements of the Company for the year ended March 31, 2021, the Board of Directors hereby confirms 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. Such accounting policies have been selected and applied consistently and the Directors 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 as on March 31, 2021 and of the profits of the Company for the year ended on that date;

iii. Proper and sufficient care was 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 accounts of the Company have been prepared on a going concern basis;

v. Internal financial controls have been laid down to be followed by the Company and that such internal financial controls are 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.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMPs):

In accordance with the provisions of Section 152 (6)(C) of the Companies Act, 2013 and the Article of Associations of the Company, Mrs. Samta Mundra (DIN:00030837), Whole time Director of the Company is due to retire by rotation at forthcoming Annual General Meeting, and being eligible has offered herself for re-appointment. The Board of Directors recommends her re-appointment.

The Directors on the Board have submitted notice of interest under Section 184(1) i.e. in Form MBP-1, intimation under Section 164(2) i.e. in Form DIR-8 and declaration as to compliance with the Code of Conduct of the Company.

Details of the proposal for appointment/ re-appointment of Directors are mentioned in the Notice of the Annual General Meeting.

KEY MANAGERIAL PERSONNEL

Pursuant to the provisions of Section 203 of the Act read with Rule 8 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Key Managerial Personnel of the Company as on 31st March 2021 are summarized below:

Mr. Kishan Mundra DIN: 00030739
Chairman & Managing Director
Mrs. Samta Mundra DIN: 00030837
Whole-Time Director
Mrs. Laxmi Devi Mundra
Whole-Time Director DIN: 00030794
Mr. Lokendra Singh Solanki CFO
Mr. Ankit Joshi* CS

*Mr. Ankit Joshi (Mem No: A39299) Company Secretary and Compliance of cer of the Company resigned on 07.06.2021 and Ms Mansi Birla (Mem No: A65090) is appointed as Company Secretary and Compliance of cer of the Company w.e.f 07.06.2021.

DECLARATIONS BY INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence and that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective of independent judgment and without any external influence, pursuant to Regulation 25 of the Listing Regulations. None of the Directors have been subjected to any disqualification under the Act.

CERTIFICATE OF NON DISQUALIFICATION OF DIRECTORS UNDER REGULATION 34 (3) -

The Certificate of Non Disqualification of Directors under Regulation 34 (3) read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as "Annexure F" and forms a part of this Report.

BOARD MEETINGS:

Five (05) meetings of Board of Directors were convened during the financial year under review on the following dates 31.07.2020; 04.09.2020; 11.11.2020; 22.12.2020 and 12.03.2021.

Name of Directors Number of Meetings attended/ Total Meetings held during the F.Y. 2020-2021 Last AGM Attended
Mr. Kishan Mundra 05/05 Yes
Mrs. Laxmi Devi Mundra 04/05 Yes
Mrs. Samta Mundra 05/05 Yes
Mr. Pranjal Dubey 05/05 Yes
Mr. Jitendra Tolani 04/05 Yes
Mr. Sameer Tiwari 05/05 Yes

SEPERATE MEETING OF INDEPENDENT DIRECTORS

As stipulated by the Code of Independent Directors under the Companies Act, 2013; a separate meeting of the Independent Directors of the Company was held on 20th March, 2021 to review the performance of Non-Independent Directors (including the Chairman) and the entire Board. The Independent Directors also reviewed the quality, content and timeliness of the flow of information between the Management and the Board and its Committees which is necessary to effectively and reasonably perform and discharge their duties.

COMMITTEE OF THE BOARD

The Company has following ve Committees:

Audit Committee:

The Company has constituted Audit Committee as per requirement of section 177 of the Companies Act 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015. The terms of reference of Audit Committee are broadly in accordance with the provisions of SEBI (LODR) Regulations, 2015 and Companies Act, 2013. The constitution of the Audit Committee was approved by the Board of Directors. The Audit Committee comprises of the following Directors of the Company:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 5
2. Mr. Jitendra Tolani Independent Director Member 4
3. Mr. Kishan Mundra Managing Director Member 5

The Audit Committee which met five times during the year 2020-2021, held its meetings on 31.07.2020; 04.09.2020; 11.11.2020; 22.12.2020 and 12.03.2021.

Nomination and Remuneration Committee:

The Company has constituted a Nomination and Remuneration Committee in accordance with section 178 of the Companies Act, 2013 and the SEBI (LODR) Regulations, 2015. The constitution of the Nomination and Remuneration Committee was approved by a Meeting of the Board of Directors held. The Nomination and Remuneration Committee comprises of the following Directors of the Company:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 1
3. Mr. Jitendra Tolani Independent Director Member 1
4. Mr. Sameer Tiwari Independent Director Member 1

The Committee which met once during the year 2020-2021, held its meeting on 12-03-2021.

Stakeholders Relationship Committee:

The Company has constituted a Shareholder/Investors Grievance Committee ("Stakeholders Relationship Committee") to redress complaints of the shareholders. The Committee was constituted by the Board. The Stakeholders Relationship Committee comprises the following Directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 1
2. Mrs. Samta Mundra Whole-Time Director Member 1
3. Mr. Kishan Mundra Managing Director Member 1

The Committee which met once during the year 2020-2021, held its meeting on 20-03-2021.

Corporate Social Responsibility (CSR) Committee-

Company has constituted a CSR Committee in accordance with the provisions of section 135 of Companies Act, 2013. The constitution of the CSR Committee was approved by a meeting of the Board and reconstituted as per requirements. The CSR Committee comprises the following Directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Kishan Mundra Managing Director Chairman 1
2. Mr. Pranjal Dubey Independent Director Member 1
3. Mrs. Samta Mundra Whole-time Director Member 1

During the year, one meeting of the CSR Committee was held on 12-03-2021.

Executive and Borrowing Committee-

Board of Directors has voluntarily constituted Borrowing Committee of the Board and powers of Borrowing were delegated to the said committee. This Committee comprises the following directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Kishan Mundra Managing Director Chairman --
2. Mrs. Samta Mundra Whole-Time Director Member --

During the year under review two meetings were held.

RISK MANAGEMENT

Your Company is well aware of risks associated with its business operations and various project under execution. Comprehensively risk management system is being put in place involving classification of risk, adoption of risk mitigation measures and strong mechanism to deal with potential risks and situation leading to rise of risks in an effective manner. The Company is constantly on the lookout for identifying opportunities to enhance its enterprise value and keeping the need to minimize the risks associated with such efforts, every proposal of significant nature is screened and evaluated for the risks involved and then approved at different levels in the organisation before implementation.

Senior professionals conversant with risk management systems have been entrusted with the said task with a brief to implement the 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.

SUBSIDIARIES AND ASSOCIATES:

The Company doesnt have any subsidiary, associate or joint venture during the Financial Year 2020-2021 as well as at the beginning or closing of the Financial Year.

DEMATERIALIZATION:

As on March 31, 2021, all equity shares of the Company are held in dematerialized form. The breakup of the equity shares as on March 31, 2021 is as follows:

Particulars No. of Shares Percentage
NSDL 76,47,992 48.80%
CDSL 80,25,268 51.20%
Total 1,56,73,260 100.00

RECONCILIATION OF SHARE CAPITAL AUDIT:

In line with the requirements stipulated by Securities and Exchange Board of India (SEBI), Reconciliation of Share Capital Audit is carried out on quarterly basis by a Practicing Company Secretary to con rm that the aggregate number of equity shares of the Company held in National Securities Depository Limited (NSDL) and Central Depository Service (India) Limited (CDSL) tally with the total number of issued, paid up, listed and admitted capital of the Company.

POSTAL BALLOT:

During FY 2020-2021, no ordinary or special resolutions were passed through postal ballot. No special resolution is proposed to be conducted through postal ballot.

EXTRACT OF ANNUAL RETURN:

Pursuant to the provisions of Section 134(3)(a) of the Companies Act, 2013, Extract of the Annual Return for the financial year ended March 31, 2021 made under the provisions of Section 92(3) of the Act is as "Annexure A" forming part of this report.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place an Anti Harassment Policy in line with the requirements of the Sexual Harassment of Women at Work Place (Prevention, prohibition and Redressal) Act, 2013. All employees (permanent, contractual, temporary and trainees) are covered under policy. There was no complaint received from any employee during the financial year 2020- 2021 and hence no complaint is outstanding as on 31.03.2021 for redressal.

VIGIL MECHANISM/WHISTLE BLOWER POLICY:

The Company has a Vigil Mechanism which also incorporates a Whistle Blower Policy in line with the provisions of the Companies Act, 2013 and the Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to report genuine concerns or grievances. The Vigil Mechanism/ Whistle Blower Policy may be accessed on the Companys website.

(Link:http://www.cmminfra.com/wp-content/uploads/2017/12/Whistle-Blower- Policy.pdf)

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:

The policy on Directors Appointment and Remuneration including criteria for determining qualifications, positive attributes, independence of a director and other matters provided under sub-section (3) of Section 178 of the Companies Act, 2013, and under Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 adopted by the Board, is appended as "Annexure B" forming part of this report.

ANNUAL EVALUATION BY THE BOARD:

The evaluation framework for assessing the performance of directors comprises of the following key areas:

i. Attendance of Board Meetings and Board Committee Meetings.

ii. Quality of contribution to Board deliberations.

iii. Strategic perspectives or inputs regarding future growth of company and its performance.

iv. Providing perspectives and feedback going beyond the information provided by the management.

v. Commitment to shareholder and other stakeholder interests.

The evaluation involves self-evaluation by the Board Member and subsequently assessment by the Board of directors. A member of the Board will not participate in the discussion of his/her evaluation.

CORPORATE GOVERNANCE:

The Listing Regulations (Amended from time to time) has provided exemption under regulation 15(2)(b) from applicability of Corporate Governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub- regulation (2) of regulation 46 and para C , D and E of Schedule V in respect of listed entity which has listed its specified securities on the SME Exchange.

Your Company falls under the exemption criteria as laid down under Regulation 15(2) (b) 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.

Hence no Corporate Governance Report is required to be disclosed/attached with Annual Report. It is important to mention that the Company follows majority of the provisions of the Corporate Governance voluntarily.

CODE OF CONDUCT:

Regulation 17(5) of SEBI (LODR) Regulations requires listed companies to lay down a Code of Conduct for its Directors and Senior Management, incorporating duties of Directors as laid down in the Companies Act, 2013. The Company has adopted a Code of Conduct for all Directors and Senior Management of the Company which is applicable with effect from the date of listing of the Company i.e. 12th October, 2017 and same has been hosted on the website of the Company.

IMPACT OF COVID-19

The COVID-19 hit the world hard to say the least, and unprecedented lockdowns disrupted economies, businesses and society in a manner that we have never seen in our lives. India was no exception, but our country has managed to atten the COVID-19 curve remarkably better than many other economies. This was made possible by the governments timely and consistent interventions to enforce stringent health and safety guidelines. Additionally, the governments huge stimulus package supported businesses and vulnerable communities.

The Company has adopted various cost-saving measures by rationalizing operating costs, personnel costs and overheads & administration costs. Most of the savings are strategic in nature and are expected to give long term benefits to the company. It is dif cult to predict the business impact due to the unprecedented environment caused by the CoVID-19 pandemic. However, the Company expects to achieve normalcy in its operations as the impact of this pandemic and the state wise lockdowns eases.

AUDITORS, THEIR REPORT AND COMMENTS BY THE MANAGEMENT:

STATUTORY AUDITORS-

M/s. SPARK & Associates, Chartered Accountants (FRN: 005313C), the Statutory Auditors of the Company were appointed as the Statutory Auditors of the Company in the 13th Annual General Meeting held on 29th September, 2018 for a period of ve years i.e. till the conclusion of 18th Annual General Meeting.

The Ministry of Corporate Affairs (MCA) vide its noti cation dated 07th May, 2018 has omitted the requirement under first proviso to Section 139 of the Companies Act, 2013 and rule 3(7) of the Companies (Audit & Auditors) Rules, 2014, regarding rati cation of appointment of Statutory Auditors by Shareholders at every subsequent Annual General Meeting.

Further, there was no fraud in the Company, which was required to report by statutory auditors of the Company under sub-section (12) of Section 143 of Companies Act, 2013.

SECRETARIAL AUDIT-

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and rules made there under, the Board has appointed M/s. Archna Maheshwari & Co., Practicing Company Secretaries, to conduct the Secretarial Audit of the Company for the financial year 2020-2021. The Secretarial Audit Report for the financial year 2020-2021 in prescribed Form MR-3 is appended hereto as "Annexure C" forming part of this report.

The Secretarial Audit report contains the following qualifications, reservations or adverse remarks as follows:

1. The Cost Audit Report for the financial year 2019-20 in prescribed E-form CRA-4 is still pending for ling.

2. Certain e-forms were delayed led with the Registrar of Companies.

3. In terms of Section 135 of the Companies Act, 2013, the Company has unspent amount of INR 14,04,700/- of Corporate Social Responsibility for the Financial Year under review.

4. Statement of Shareholders Complaints as per Regulation 13(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the quarter ended on 30th June, 2020 was submitted after due date i.e. on 31st July, 2020. In respect of the same, the National Stock Exchange (NSE) has imposed a ne of INR 11800.00 on the Company for the delay; however, the same has been paid by the Company.

5. The Share Reconciliation Audit Reports as per Regulation 76 of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended on 30th June, 2020 and 31st December, 2020 were led to the NSE with a delay of 13 days and 24 days respectively.

6. The Company has not paid annual listing fees to NSE for the financial year 2020-21 within due date i.e. 30.06.2020 as per Regulation 14 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

Managements Reply:

1. The management will try to le the pending cost audit report with the Registrar of the Company as soon as possible. The management further make sure to comply with the provisions related to Cost Audit with the time line in future.

2. Due to extra ordinary situation crated by Covid-19, Company was unable to le the e-forms with Registrar on time in-spite of this company has led the forms by paying additional fees to ROC.

3. The Company is in the identi cation of Suitable projects for spending the unspent amount. The management will comply with the provisions at the earliest.

4. The Company has paid the ne of Rs. 11,800/- to the NSE for non compliance of Regulation 13(3).

5. Due to non availability of data, the reports have been led after the due date.

6. The Company has paid the annual listing fees for the financial year 2020-21 on 3rd of November, 2021.

INTERNAL AUDITOR:

In terms of Section 138 of the Companies Act, 2013 and Rules made there under, M/s. BDMV & CO., Chartered Accountant, were the Internal Auditor of the Company as on 31st March, 2021. During the year, the Company continued to implement its suggestions and recommendations to improve the control environment. Their scope of work included, review of processes for safeguarding the assets of the Company, review of operational ef ciency, effectiveness of systems and processes, and assessing the internal control strengths in all areas.

COST AUDITOR:

The Board of Directors has appointed M/s. Sudeep Saxena & Associates, Cost Accountant in Practice as Cost Auditors (Firm Registration No.: 100980) to undertake audit of the cost accounting records of the Company for the financial year 2021-2022. A resolution regarding ratification of the remuneration to M/s. Sudeep Saxena & Associates, forms part of the Notice convening the 16th Annual General Meeting of the Company.

PARTICULARS OF THE EMPLOYEES AND RELATED DISCLOSURES:

None of the employee has received remuneration exceeding the limit as stated in rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Disclosure pertaining to remuneration and other details as required under Section 197(12) of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014, are given in the "Annexure D" forming part of this report.

DISCLOSURE PURSUANT TO SECTION 134(3)(m) OF THE COMPANIES ACT 2013 READ WITH RULE 8 OF THE COMPANIES (ACCOUNTS), RULES 2014:

Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo

The particulars as required under the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of conservation of energy and technology absorption and foreign exchange earnings and outgo during the year under review are as below:

Conservation of Energy

(i) the steps taken or impact on conservation of energy : N.A.

(ii) the steps taken by the company for utilising alternate sources of energy : N.A.

(iii) the capital investment on energy conservation equipments : N.A.

Technology Absorption

(i) the efforts made towards technology absorption : N.A.

(ii) the benefits derived like product improvement, cost reduction, product development or import substitution : N.A.

(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year) : N.A.

(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof;

(iv) the expenditure incurred on Research and Development : N.A.

Foreign Exchange Earning & Outgo

1. Activities relation to export; initiative taken to increase export, development of new export markets NIL
for products and service, and export plan
2. Total foreign exchange earned N.A.
3. Total foreign exchange used N.A.

NON APPLICABILITY OF THE INDIAN ACCOUNTING STANDARDS (IND-AS)

As per proviso to regulation Rule 4(1) of the Companies (Indian Accounting Standards) Rules, 2015 notified vide Noti cation No. G.S.R.111(E) on 16th Feb., 2015, Companies whose shares are listed on SME exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, are exempted from the compulsory requirement of adoption of IND-AS w.e.f. 1st April, 2017. As your Company is also listed on SME (EMERGE) Platform of NSE Limited, is covered under the exempted category and is not required to comply with IND-AS for preparation of Financial Statements beginning with period on or after 1st April 2017.

CORPORATE SOCIAL RESPONSIBILITY:

The provisions of CSR are not applicable on the Company for the Financial Year 2020-2021 taking into account the nancials of immediate preceding Financial Year i.e.2019-20. The Company does not fall in any of the limits as prescribed under Section 135 of Companies Act, 2013 amended by the Companies (Amendment) Act, 2017 which come into effect from 19.09.2018.

The Annual Report on CSR activities is annexed herewith as and the "Annexure E".

MATERIAL CHANGES AND COMMITMENTS BETWEEN THE DATE OF THE BOARD REPORT AND END OF FINANCIAL YEAR:

No material changes or commitments, affecting the financial position of the Company have occurred between the end of the financial year of the Company, to which the financial statements relate, i.e. 31st March, 2021 and the date of the Boards Report.

OTHER DISCLOSURE:

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

The Company has not issued any equity shares with differential rights as to dividend, voting or otherwise.

The Company has not issued any sweat equity shares during the year under review and hence no information as per provisions of Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is furnished.

The Honble National Company Law Tribunal (NCLT), Indore Bench at Ahmedabad vide its order dated 13th November, 2020 had ordered the disposal of the case and in consonance with the stipulation contained in Section 14 of the Code, a moratorium under Section 13(1)(a) of the Insolvency and Bankruptcy Code, will also not applicable from the date of order i.e. 13th November, 2020..

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Management Discussion and Analysis report has been separately furnished in the Annual Report and forms a part of the Annual Report.

CAUTIONARY STATEMENT:

The statement made in this Report and Management Discussion and Analysis Report relating to the Companys objectives, projections, outlook, expectations and others may be "forward looking statements" within the meaning of applicable laws and regulations. Actual results may differ from expectations those expressed or implied.

Some factors could make difference to the Companys operations that may be, due to change in government policies, global market conditions, foreign exchange fluctuations, natural disasters etc.

ACKNOWLEDGMENTS AND APPRECIATION:

Your Directors would like to express their sincere appreciation for the assistance and co- operation received from the Financial Institutions, Banks, Government Authorities, Customers, Vendors, business associates and Members during the year under review. The Directors regret the loss of life due to COVID-19 pandemic and are deeply grateful and have immense respect for every person who risked their life and safety to ght this pandemic. Your Directors wish to place on record their sincere appreciation for the dedicated efforts and consistent contribution made by the employees at all levels, to ensure that the Company continues to grow and excel.

By Order of the Board of Directors
For CMM Infraprojects Limited
Kishan Mundra
Chairman & Managing Director
DIN: 00030739
Indore, 04 September, 2021