Crane Infrastructure Ltd Directors Report.

To

The members.

Crane Infrastructure Limited,

Guntur.

The directors submit 13Ih annual report of Crane Infrastructure Limited along with the audited financial statements for the financial year ended March 31,2021

Standalone Financial Results :

Particulars 2020-21 2019-20 2018-19
(Rs.In lacs) (Rs.In lacs) (Rs.In lacs)
Revenue from Operations & Other Income 54.50 99.86 82.95
Profit/(Loss) 38.02 74.06 66.74
Before Interest & Depreciation
Interest - - -
Depreciation 13.07 13.07 13.07
Profit before exceptional and extraordinary items 24.95 60.99 53.67
Profit/ (Loss) before Tax 24.95 60.99 53.67
Income Tax-(Current Tax) 6.29 12.38 1 1.33
Profit (Loss) after Taxation 18.65 48.61 42.34
EPS-Basic 0.26 0.67 0.58
EPS-Diluted 0.26 0.67 0.58

Companys Performance

During the Year under review revenue from operations for the financial year 2020-21 is Rs.54.49 lakhs and it was decreased by 45.41 % over the previous financial year (Rs 99.85 lakhs in 2019-20) due to sever pandemic of covid-19. Profit after tax (PAT) for the financial year 2020-21 is Rs. 18.64 Lakhs and it was decreased by 61.65 %over last year (Rs.48.61 Lakhs in 2019-20).

Dividend

The management wants that the profits earned during the financial year must be retained and redeployed for the operations of the Company. As the Company needs further funds to enhance its business operations, upgrade the efficiency. Hence No dividend is being recommended by the Directors for the Financial Year 2020-21

Transfer to Reserves

The Company proposes to retain an amount of Rs. 18.65 lakhs in the profit and loss account.

Share Capital

The paid up Equity Share Capital as on 31 st March. 2021 was Rs. 7,24.20,000. The Company has not issued shares with differential voting rights nor granted stock options nor sweat equity.

Opportunities & Industry out Look

The real estate sector is one of the most effected sectors by the pandemic covid-19 but as said earlier in India, real estate is the second largest emploverafteragriculture and is slated to grow at 30% over the next decade. The real estate sector comprises of four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. The global warehousing and storage industry has witnessed significant growth during the last five years. The Indian warehousing industry is set to grow at a CAGR of 8%-10% and modem warehousing at 25%- 30% over the next 5 years due to various factors including the anticipated increase in global demand, growth in oiganized retail and increasing manufacturing activities, presence of extremely affordable and desirable e-commerce options and growth in international trade. The Government of India along with the governments of the respective states have taken several initiatives to encourage the development in the sector. The Smart City Project, where there is a plan to build 100 smart cities, is a prime opportunity for the real estate companies. While Goods and Services Tax (GST) continues to remain in a state where several loose ends still need to be tied up. logistics companies - both domestic and global, are not just bullish about the sector but are actively making investment plans for the coming fiscals as well. It may increase the demand of hi-tech large modem Warehouses, Logistics Parks etc. As India awaits policy reforms to pick up speed, your Company firmly believes that the demand for Real Estate & Warehousing in India should remain strong in the medium to long term.

Management Discussion & Analysis

A detailed Management Discussion and Analysis forms part of this annual report, which is attached to this Report in AnnexureV

Extract of Annual Kreturn

As provided under Section 92(3) of the Act, the extract of annual return is given in Annexure I in the prescribed Form MGT-9, which forms part of this report.

The Web Address, if any, where Annual return referred to in subsection (3) of section 92 is placed:

True, the Annual return U/s 92 (3) is placed in www. cranegroup .in

Directors Responsibility Statement

Pursuant to Section 134(5) of the Companies Act,

2013, the board of directors, to the best of their knowledge and ability, confirm that:

i. in the preparation of the annual accounts, the applicable accounting standards have been followed and there are no material departures;

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 the financial year and of the profit of the Company forthat period;

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

iv. The directors had prepared the annual accounts on a going concern basis;

v. The directors had laid down internal financial controls to be followed by the Company and such internal financial controls are adequate and operating effectively;

vi. The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Changes among Directors and key managerial personnel

I. Ke appointment of Director

Mr.Venkata Siva Satya Kishore Kumar.CH (DIN 01823606), whose office was liable to retire by rotation at annual general meeting of the company :

Mr. Venkata Siva Satya Kishore Kumar (DIN 01823606). director liable to retire by rotation under the Articles of Association of the Company, in 12,h Annual General Meeting and being eligible, offer himself for reappointment as Director. The Shareholders approved his re-appointment as Director of the company at 12lh Annual General Meeting of the company held on 30.09.2020.

ii. Re-Appointment of Executive Director:

Shareholders by way of ordinary resolution in the Annual General Meeting held on 30lh Sep 2020 has reappointed Mr. KOTHURI PRAVEEN (Din: 07143744) as an Executive Directorofthe company fora period of Five years, with effect from 31.03.2020 to 30.03.2025.

iii. Reappointment of Independent Directors:

Share holders by way of special resolution in the Annual General Meeting held on 30" Sep 2020 has reappointed Mr.Mattupalli Venkata Subba Rao (Din: 06959568) and Mr.Potti Bhaskar Rao (Din : 01846243) as independent directors of the company with effect from 01-10-2020 to 30-03-2025.

Directors Liable to Retire by Rotation In the ensuing Annual General Meeting:

Mr. GVSL Kantha Rao (Din: 01846224) director liable to retire by rotation in ensuing Annual General Meeting under the Articles of Association of the Company and being eligible, offer himself for reappointment as Director. The Board recommends his re-appointment.

iv. Meetings of the Board

During the Financial year 2020-21 ten meetings of the board were held on the following dates : 20-04-2020, 16-06-2020, 27-07-2020, 25-08-2020, 03-09-2020, 12-09-2020, 11-11-2020, 24-12-2020, 02-01-2021, and 11-02-2021. with a gap between not exceeding the period of 120 days between any of the two meetings as prescribed under the Act and all the members were present at the above meetings, so the necessary quorum was present for all the meetings.

v. Board Evaluation

The board of directors has carried out an annual evaluation of its own performance. Board committees and Individual directors pursuant to the provisions of the Act and the corporate governance requirements as prescribed by Securities and Exchange Board of India ("SEBF) under regulation 27 of the SEBI(LODR) Regulations 2015.The performance of the Board was evaluated by the Board after seeking inputs from all the directors on the basis of the criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the committees was evaluated by the board after seeking inputs from die committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc.

The Board and the Nomination and Remuneration Committee reviewed the perfonnance of the individual directors on the basis of the criteria such as the contribution of the individual director to the Board and committee meetings like preparedness on the issues to be discussed, meaningful and constmctive contribution and inputs in meetings, etc. In addition, the Chainnan was also evaluated on the key aspects ofhis role.

In a separate meeting of independent Directors, performance of non-independent directors, perfonnance of the board as a whole and perfonnance of the Chainnan was evaluated, taking into account the views of executive directors and non-executive directors. The same was discussed in the board meeting that followed the meeting of the independent Directors, at w hich the performance of the Board, its committees and individual directors was also discussed.

vi. During the year two separate meetings of the independent directors were held on 16-06-2020, and 0201-2021 inter-alia to review the perfonnance of nonindependent directors and the board as a w hole.

Vii. The Board periodically reviews compliance reports of all laws applicable to the Company, prepared by the Company.

Relationships between directors inter-se Except the Two Independent Directors all the other directors of the company are having relationship with each other.i.e relatives.

i. Observations of Board evaluation carried out for the year: Nil

ii. Previous Years observations and actions taken: Nil

iii. Proposed actions based current year Observations: Nil

Policy on directors appointment and remuneration and other details:

The current policy is to have an appropriate mix of executive and independent directors to maintain the independence of the Board, and separate its functions of governance and management. As on March 31,2021, the Board consists of six members, two of them are independent directors. The Board periodically evaluates the need for change in its composition and size.

The policy of the Company on directors appointment and remuneration, including criteria for detennining qualifications, positive attributes, independence of a director and other matters provided under Sub-section (3) of section 178 of the Companies Act, 2013, adopted by the Board is recommended by the Nomination and Remuneration Committee. 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.

A. Nomination and Remuneration Committee:

(a) Terms of Reference:

The Company had constituted the Nomination and Remuneration Committee under Section 178 of the Companies Act, 2013.

The broad terms of reference are to detennine and recommend to Board, Compensation payable to Executive Directors, appraisal of the performance of the Managing Directors / Whole-time Directors and to determine and advise the Board for the payment of annual commission/compensation to the Non-Executive Director and to recommend to the Board appointment/ reappointment and removal of Directors. To frame criteriafordetermining qualifications, positive attributes and Independence of Directors and to create an evaluation framework for Independent Directors and the Board. The scope of the Committee also includes matters which are set out in SEBI (LODR) Regulations 2015 and the rules made there under, as amended from time to time.

(b) Composition, Meetings and Attendance during the year :

The Nomination and Remuneration Committee comprises of total three Non-Executive Directors in which two are Independent Directors and one director is non executive non independent director (woman director).

The committee comprises as follows:

1. Mr. M.V. SubbaRao (Chairman)

2. Mr.R BhaskaraRao -Member

3. Mrs.M. Himaja- Member

The composition of the nomination and remuneration committee and the details of meetings and attendance of i to mam hamama iimbfllaw:

Name Category

Number of meetings during the financial year 2020-21

Held Attended
MV Subbarao l&NED 4 4
P. BhaskaraRao l&NED 4 4
M.Himaja NED 4 4

Four Nomination and Remuneration Committee meetings were held during the year and the gap between two meetings did not exceed 120 days. The dates on which the said meetings were held on 16-06-2020,

12.09.2020, 11.11.2020, and 11.02.2021.The necessary quorum was presentforall the meetings.

(c) Selection and Evaluation of Directors:

The Board has based on recommendations of the Nomination and Remuneration Committee, laid down following policies:

1. Policy for Determining Qualifications, Positive Attributes and Independence of a Di rector

2. Policy for Board & Independent DirectorsEvaluation

(d) Performance Evaluation of Board, Committees and Directors:

Based on the criteria laid down in the Policy for evaluation of Board and Independent Directors, the Board carried out the annual perfonnance evaluation of Board Committees and the Independent Directors, whereas at a separate meeting. Independent Directors evaluated the perfonnance of Executive Directors, Board as a whole and of the Chairman. Nomination and Remuneration Committee also evaluated individual directorsperformance.

i) As per the said Policy, evaluation criteria for evaluation Board inter alia covers: Composition in light of business complexities and statutory requirements: establishment of vision, mission, objectives and values for the Company; laving down strategic road map for the Company & annual plans; growth attained by the Company; providing leadership and directions to the Company and employees; effectiveness in ensuring statutory compliances and dischaiging its duties / responsibilities towards all stakeholders; Identification, monitoring & mitigation of significant corporate risks; composition of various committees, laying down tenns of reference and reviewing committees working etc.

ii) Perfonnance evaluation criteria for Executive Directors inter alia include: level of skill, knowledge and core competence; perfonnance and achievement vis-avis budget and operating plans; Effectiveness towards ensuring statutory compliances; discharging duties /responsibilities towards all stakeholders; reviewing/monitoring Executive management performance, adherence to ethical standards of integrity & probity; employment of strategic perception and business acumen in critical matters etc.

iii) Perfonnance of Independent Directors is evaluated based on: objectivity & constructively while exercising duties; providing independent judgment on strategy, performance, risk management and Boards deliberations; devotion of sufficient time for informed decision making; exercising duties in bona fide manner; safeguarding interests of all stakeholders, particularly minority shareholders; upholding ethical standards of integrity & probity; updating knowledge of the Company & its external environment etc

iv) Committees of the Board are evaluated for their perfonnance based on: effectiveness in discharging duties and functions conferred; setting up and implementation of various policies, procedures and plans, effective use of Committees powers as per tenns of reference, periodicity of meetings, attendance and participation of committee members; providing strategic guidance to the Board on various matters coming under committees purview etc

(e) Remuneration Policy for Directors:

The Committee has formulated Policy for Remuneration of Directors. KMP & other employees. As perthe Policy, remuneration to Non-executive Independent Directors includes:

a. Sitting Fees for attending meetings of the Board as well as Committees of the Board as decided by the Board within the limits prescribed under the Companies Act.

b. Travelling and other expenses they incur for attending to the Companys affairs, including attending Committee and Board Meetings of the Company.

Remuneration to Executive Directors:

The appointment and remuneration of Executive Directors including Managing Director. Joint Managing Director and Whole Time Director is governed by the recommendation of the Remuneration and Nomination Committee, resolutions passed by the Board of Directors and Shareholders of the Company. The remuneration package of Managing Director. Joint Managing Director and Whole Time Director comprises of salary, perquisites, allowances and other retirement benefits as approved by the shareholders at the General Meetings of the Company.

Remuneration to Non-Executive Directors:

The Non-Executive Directors are paid remuneration by way of Sitting Fees. The Non Executive Directors are paid sitting fees for each meeting of the Board and Committee of Directors attended by them.

B. Audit committee :

A. Brief description of terms of reference

The Terms of Reference of this committee cover the matters specified for Audit Committee under Section 177 of the Companies Act, 2013SEB1(LODR) Regulations 2015 and as follows:

a. Oversight of the Companys financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.

b. Recommending the appointment and removal of external auditor, fixation of audit fee and also approv al for payment for any other services.

c. Reviewing with management the annual financial statements before submission to the Board, focusing primarily on:

? Any changes in accounting policies and practices

? Major accounting entries based on exercise of judgment by management

? Qualifications in draft Auditors Report

? Significant ad justments arising out of audit

? The going concern assumption

? Compliance with stock exchange and legal requirements concerning financial statements

? Any related party transactions i.e. transactions of the company of material nature, with promoters or the management, their subsidiaries or relatives etc., that may have potential conflict with the interests of the Company at large.

d. Reviewing the adequacy of internal audit function, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit.

e. Discussion with internal auditors of any significant findings and follow up there on.

f. Reviewing the findings of any internal investigations by the internal auditors into matters w here is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board

g. Discussion with external auditors, before the audit commences, the nature and scope of audit as well as have post audit discussion to ascertain any area of concern.

h. Reviewing the Companys financial and risk management policies.

i. Reviewing with the management, external and internal auditors, and the adequacy of internal control systems.

j. Other matters as assigned/specified by the Board from time to time.

k. The scope of the Audit Committee also includes matters which are set out in SEB1 (LODR) Regulations 2015, read w ith Section 177 of the Companies Act, 2013 and the rules made there under, as amended from time to time.

B. Composition, Meetings and Attendance during the year:

The Audit Committee comprises of total three NonExecutive Directors in which two are Independent Directors and One Non-Executive non independent Director (Woman Director). The committee comprises as follows:

1. Mr.P. Bhaskara Rao (Chairman)

2. Mr.M.V. Subba Rao (Member)

3. Mrs. M.Himaja (Member)

Attendance of members of Audit committee to its meetings is given below:

Name Category

Number of meetings during the financial year 2020-21

Held Attended
P. BhaskaraRao l&NED 4 4
M.V.SubbaRao l&NED 4 4
M.Himaja NED 4 4

Fouraudit committee meetings were held during the year and the gap between two meetings did not exceed 120 days. The dates on which the said meetings were held on 16.06.2020, 12.09.2020, 11-11-2020, and

11.02.2021. The necessary quorum was present for all the meetings.

Stakeholders relationship committee:

The Company had a stakeholders relationship committee of directors to look into the redressal of complaints of investors.

1. The stakeholdersrelationship committee of the Company is constituted in line with the provisions of read with Section 178 of the Companies Act and Regulation 20 of the SEBI (LODR) Regulations 2015.

Composition, Meetings and Attendance during the

year

The Stakeholders relationship Committee comprises of One Independent cum Non-Executive Director and two non executive non independent directors. The committee Comprises as Follows:

1 .Mr. GVSLKanthaRao(Chaiman)

2. Mr. P. BhaskarRao (Member)

3. Mrs. Himaja (Member)

The necessary quorum was present for all the meetings.

Name Category

Number of meetings during the financial year 2020-21

Held Attended
GVSL Kantha Rao NED 4 4
P.Bhaskar Rao l&NED 4 4
M.Himaja NED 4 4

Four stakeholdersrelationship committee meetings were held during the year and the gap between two meetings did not exceed 120 days. The dates on which the said meetings were held on 16-06-2020.12.09.2020, 11.11.2020. and 11.02.2021

Particulars Of Employees And Related Disclosures

The information required under Section 197 of the Act read with rule 5(1) of the Companies (Appointment and

Remuneration of Managerial Personnel) Rules, 2014 are given below

A.The ratio of the remuneration of each director to the median remuneration of the employees of the Company forthe financial year: NIL

During the financial year 2020-21 The Company has not paid any remuneration to Non- Executive Directors

b. The percentage increase in remuneration of each director, chief executive officer, chief financial officer, company secretary in the financial year: Nil

c. The percentage increase in the median remuneration of employees in the financial year: Nil

d. The number of permanent employ ees on the rolls of Company: 3

e. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: Nil

Revenue Rs.54.50 Lakhs

Remuneration of KMPs as a percentage of revenue: 4.84%

f. Variations in the market capitalization of the Company, price earnings ratio as at the closing date of the current financial year and previous financial year:

Particulars March 31, 2021 March 31, 2020 % Change
Market Capitalization 3,11,40,600 2,60,71,200 19.4
Price Earnings Ratio 16.5 5.37 210

Increase in the managerial remuneration forthe year was : Nil

There was no exceptional circumstances for increase in the managerial remuneration g. Comparison of each

remuneration of the key managerial personnel against the performance of the Company:

Remuneration in FY 2020-21 Rs. 2.64 Lakhs
Revenue Rs.54.50 Lakhs
Remuneration (% of Revenue) 4.84
Profit before Tax Rs. 24.94Lakhs
Remuneration (as % of PBT) 10.58

h. Affirmation that the remuneration is as per the remuneration policy of the Company:

The Company affirms remuneration is as per the remuneration policy ofthe Company.

i. The statement containing particulars of employees as required under Section 197(12)of the Act read with Rule 5(2) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules, 2014: NA.

Statement on Declaration Given By Independent Directors:

In terms with Section 149 (7) of the Companies Act, 2013. All the Independent Directors of the Company have declared that they meet the criteria of Independence in terms of Section 149(6) of the Companies Act, 2013 and SEB1 (LODR) regulations.2015. Hence that there is no change in status of Independence.

It is confirmed that Independent Directors have complied with the Code for Independent Directors prescribed in Schedule IV to the Act web link where details of familiarisation programmes imparted to independent directors is disclosed: www.crancgroup.in

Meetings of the Independent Directors:

During the year two separate meetings of the independent directors were held on 16-06-2020, and 0201-2021 inter-alia to review the performance of nonindependent directors and the board as a whole.

Statutory Auditors

Pursuant to the provisions of Section 139(2) of the Act and the rules made there under, the Members at their Eighth AGM held on September 29.2016. had appointed M/s. Umamaheswara Rao & Co., Chartered Accountants. Guntur as the Statutory Auditors of the Company for a term of five years, i.e. from the conclusion of Eighth AGM till the conclusion of the Thirteenth AGM. In view of the aforesaid, Umamaheswara Rao & Co., Chartered Accountants would cease to be the Statutory Auditors of the Company at the conclusion ofthe ensuing AGM.

In view of the aforesaid, the Board, on the recommendation of the Audit Committee ("AC") recommended the appointment of M/s Pundrikakshyam &Associates, Chartered Accountants (ICAI Registration No. 0011330S) as the Statutory*Auditors ofthe Company for a term of five years in accordance with the requirements under the Companies Act.2013 the Companys regulator, to hold office from the conclusion of the ensuing AGM i.e. Thirteenth AGM till the conclusion of the 18" AGM. subject to the approval of the Members at the ensuing AGM of the Company.

M/s Pundrikakshyam & Associates, Chartered Accountants (ICAI Registration No. 0011330S). have confirmed that their appointment, if made, will comply with the eligibility criteria in terms of Section 141 (3) of the Act and RBI regulations. Further, the Auditors have confirmed that they have subjected themselves to Peer Review process by the Institute of Chartered Accountants of India ("ICAI") and hold valid certificate issued by the Peer Review Board of ICAI.

Auditors Report

The Auditors Report to the Members for the year under review is unmodified/ clean. The Notes to the Accounts referred to in the Auditors Report are self-explanatory and therefore do not call for any further clarifications under Section 134(3 )(f) ofthe Act.

There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report.

The Auditors Report does not contain any qualification. Notes to Accounts and Auditors remarks in their report are self-explanatory and do not call for any further comments.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Act. the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Regulation 24A of the SEB1 Listing Regulations, the Company had appointed M/s K..Srinivasa Rao & Nagaraju Associates, Practicing Company Secretaries did undertake the Secretarial Audit of the Company for FY 2020-21.

Secretarial Audit Report:

The detailed reports on the Secretarial Audit in Form MR- 3 are appended as an Annexure III to this Report. There were no qualifications, reservations or adverse remarks given by Secretarial Auditors of the Company.

Further circular dated February 8.2019 issued by SEB1, M/s K..Srinivasa Rao & Nagaraju Associates. Practicing Company Secretaries has issued the Annual Secretarial Compliance Report, confirming compliance by the Company of the applicable SEB1 Regulations and circulars / guidelines issued there under. The Secretarial Audit Report is appended as Annexure to this Report.

There is no adverse remark, qualification, reservation or disclaimer in the Secretarial Audit Report.

Cost Audit

Cost Audit is not applicable to the Company for the Financial Year 2020-21.

Risk management

The Board of the Company has formed a risk management committee to frame, implement and monitor the risk management plan for the Company. The committee is responsible for reviewing the risk management plan and ensuring its effectiveness. The audit committee has additional oversight in the area of financial risks and controls. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. The development and implementation of risk management policy has been covered in the management discussion and analysis, which forms part of this report.

Particulars of loans, guarantees and investments

The particulars of loans, guarantees and investments have been disclosed in the financial statements.

Transactions with related parties

None of the transactions with related parties falls under the scope of Section 188(1) of the Act. Information on transactions with related parties pursuant to Section I34(3)(h) of the Act read with mle 8(2) of the Companies(Accounts) Rules, 2014 are given in Annexure II in Form AOC-2 and the same forms part of this report.

Corporate social responsibility

Your Directors are pleased to inform that the provisions of section 135 of the Act, read with Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable to the Company.

Deposits from public

The Company has not accepted any deposits from public and as such, no amount on account of principal or interest on deposits from public was outstanding as on the date of the balance sheet.

Un secured loans taken from the Directors

During the year the company has not received any of the un secured loans from the directors.

Internal financial control systems and their adequacy

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory and secretarial auditors and external consultants and the reviews performed by management and the relevant board committees, including the audit committee, the board is of the opinion that the Companys internal financial controls were adequate and effective during the financial year 2020-21

Conservation of energy, technology absorption, foreign exchange earnings and outgo Conservation of Energy:

CIL continues to work on reducing carbon footprint in all its areas of operations through initiatives like

(a) green infrastructure,

(b) Procurement of renewable eneigy through onsite solar power generating units. CIL continues to add LEED certified green buildings to its real estate portfolio.

Technology absorption, adaption and innovation :

The Company continues to use the latest technologies for improving the productivity and quality of its services

Foreign exchange earnings and outgo

Foreign exchange earnings and outgo Export in financial year 2020-21: Nil

Material changes and commitments, if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and the date of the report:

No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which this financial statements relate on the date of this report

Significant and material orders passed by the regulators or courts or tribunals impacting the going concern status of the company.

There are no significant and material orders passed by the Regulators or Courts or Tribunals which would impact the going concern status of the Company

Prevention of Sexual Harassment Of Women At Workplace

Your directors confirm that the company has adopted a policy regarding the prevention of sexual harassment of women at work place and has constituted Internal Complaints Committees (ICC) asperthe requirement of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013 (Act) and Rules made there under, your Company.

(i) number of complaints filed during the financial year: Nil

(ii) number of complaints disposed of during the financial year: Nil

(iii) number of complaints pending as at the end of the financial year: Nil

Human resources

Your Company treats its "human resources" as one of its most important assets. Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement.

Report on Corporate Governance

Your Directors are pleased to inform that as per SEBI Amended Circular No.CIR/CFD/POLICY CELL/7/2014 dated September 15, 2014, compliance with the prov isions of Corporate Governance w as not be mandatory for the Company for the financial year 202021.

Vigil Mechanism

The company had set up vigil mechanism to enable the employees and directors to report genuine concerns and irregularities, if any in the company, noticed by them .The Whistle Blow er Policy/ vigil mechanism (as amended) has been posted on the Website of the Company (w ww.cranegroup .in)

Transfer of Amounts to Investor Education and Protection Fund

Your Company did not have any funds lying unpaid or unclaimed for a period of seven years. Therefore there were no funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

Acknowledgement

The directors thank the Companys employees, customers, vendors, investors and academic institutions for their Continuous support. The directors also thank the government of various countries, government of India, the governments of various states in India and concerned government departments / agencies for their cooperation. The directors appreciate and value the contributions made by every member of the Crane Infrastructure Limited

For and on behalf of the board
For Crane Infrastructure Ltd
Sd/- Sd/-
(P. Bhaskara Rao) (K. Praveen)
Director Executive Director
(DIN:01846243) (Din:07143744)
Place ; Guntur
Date : 01-09-2021