Yaan Enterprises Ltd Directors Report.

To

The Members of Crown Tours Limited

Your Directors have pleasure in presenting the Thirty-second Annual Report of Crown Tours Limited along with Audited Financial Statements for the year ended 31st March, 2021.

FINANCIAL SUMMARY

Particulars Amount (Rs . in Lakhs)
2020-2021 2019-2020
Total Revenue 225.13 632.03
Total Expenditure 231.34 560.26
Profit Before Depreciation And Tax (PBDT) (6.21) 71.77
Less: Depreciation 8.13 9.71
Profit Before Tax (14.34) 62.06
Exceptional Items (326.40) (110.00)
Profit before Tax (340.74) (47.96)
Prior Period Items - -
Less: Provisions for Taxation Including Deferred Tax 8.98 (8.24)
Profit After Tax (PAT) (331.76) (56.20)

No amount is proposed to be transfer to Capital Reserve, General Reserves in the financial year 20202021.

1. FINANCIAL SUMMARY AND STATE OF COMPANYS AFFAIRS

During the year under review, the Company has earned total revenue of Rs. 225.13against Rs. 632.03in the previous year. The Company earned net profit of Rs. (331.76) as compared to Rs. (56.20)in previous year.

The travel and tourism industry is one of the worst hit spaces as the tourism landscape completely has changed due to COVID-19. All key segments - inbound, outbound and domestic, and leisure, corporate meetings, conference, and exhibitions, came to a standstill as the pandemic gained momentum across the country and globe.

FY 2020-2021 performance is reflective of the impact of COVID-19 in India. Additionally, during the year, even without the impact of the pandemic, travel demand in India were subject to a series of challenging external factors .Other affairs of the company are detailed in this report.

The COVID-19 pandemic has probably been the most devastating of financial and social crisis of recent times, leading to Overall recession in the industry and reduction in the footfall of the Foreign Tourists in India which leads to reduction in the Operational Turnovers and inadequacy of the profits of the Company and in details it is provided in Management Discussion and Analysis Report.

2. DIVIDEND

No Dividend was recommended by the Board of Directors due to losses during the financial year 2020-2021.

3. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENTS RELATES AND THE DATE OF THE REPORT

There has been no such material changes and/or commitment which could affect the financial position of the Company which have occurred between the end of the financial year to which the financial statements relate and the date of the report. In FY 2020-2021.

There was change of management of the Company, the existing Directors have resigned and new promoters were appointed as Directors of the Company in June, 2021. Mr. Ranjith Soman has been appointed as Chairman cum Managing Director of the Company. Dr. Veena Ranjith and Mr. Rajat Ranjith were appointed as Directors of the Company in the category of Non-executive NonIndependent Director. Mr. Rajan Balkrishna Raichura has been appointed as Independent Director of the Company.

The Board of Directors has to consider from time-to-time proposals for diversification into areas which would be profitable for the Company as part of diversification plans. Company has decided to diversify its Business activities in the field of developing infrastructure and construction activities. Company through postal ballot on 2nd April 2021 and passed the special resolution for change in object clause of Memorandum of Association.

4. CHANGE IN NATURE OF BUSINESS

There was not change in business activities of the company during the period under Review.

5. SUBSIDIARIES/ JOINT VENTURES /ASSOCIATE COMPANIES

There has been no Subsidiary, Associate Company, and joint venture of the Company. Further, during the reporting period, no company has become or ceased to be a subsidiary/ joint venture or associate Company.

6. DISCLOSURES UNDER THE COMPANIES ACT 2013

i. Annual Return: The Annual Return in accordance with the provisions of Section 92(3) and 134(3) (a) of the Companies Act, 2013 and rules made thereunder is available on Companys website and can be accessed at www.crownjaipur.org.

ii. Meeting of Board of Directors: the Board of Directors of the company met 8(Eight) times during the year. The intervening gap between any two meetings was within the time period and the quorum at these meetings was in conformity with the provisions of the Companies Act, 2013 and Listing Regulations and the Secretarial Standard-1 on Board Meetings issued by the Institute of Company Secretaries of India. The following Meetings of the Board of Directors were held during the Financial Year 2020-2021

S. No. Date of Meeting Boards Strength No. of Directors Present
1 27.06.2020 6 6
2 15.07.2020 6 6
3 13.08.2020 6 6
4 16.10.2020 6 6
5 18.11.2020 6 6
6 22.01.2021 6 6
7 02.03.2021 6 6
8 31.03.2021 6 6

The particulars of the Directors and attendance at the Board Meetings during the year, the attendance in the last Annual General Meeting, number of other directorships (excluding Crown Tours Limited) and Committee Memberships as on 31- 03-2021are as follows:

S. Name of Directors No. Designation Attendance at the meeting No. of Directorship as on 31.03.2021 No. of Committees positions held in the other public companies as on 31st March, 2021
BOD AGM held on 21.12.2020 Member Chairperson
1 Bharat Raj Bhandari MD 8 Yes 2 0 0
2 Kamlesh Bhandari WTD 8 Yes 1 0 0
3 Shaila Bhandari NED 8 No 1 0 0
4 Dinesh Kumar Golecha NED 8 Yes 0 0 0
5 Om Prakash Agarwal NED(I) 8 Yes 0 0 0
6 Sitaram Jhanwar NED(I) 8 Yes 2 0 0

Meeting of Independent Directors

In compliance of Section 149 of Companies Act, 2013 and the provisions of Listing Regulations a separate meeting of Independent Directors was held on 31st March,2021. Attendance of Independent Directors at the meeting is given hereunder:

Name of Director Present (Yes/No)
Om Prakash Agarwal Yes
Sitaram Jhanwar Yes

iii. Committees of the Board:

Currently the Board has three committees: Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee.

Audit Committee:

The Audit Committee comprises of three members out of them two are Independent Directors namely Shri Om Prakash Agarwal (Chairman) Mr. Sitaram Jhanwar and Shri Dinesh Kumar Golecha. All the recommendations made by the Audit Committee were accepted by the Board. During the financial year 2020-2021 the Committee met six times as follows, on 27.06.2020, 15.07.2020, 16.10.2020, 18.11.2020, 22.01.2021 and 31.03.2021 the attendance ofmembers at the meetings is as under:

Name of Members Designation Number of Meetings entitled to attend No. of meetings attended
Om Prakash Agarwal Chairman 6 6
Dinesh Kumar Golecha Member 6 6
Sitaram Jhanwar Member 6 6

Nomination & Remuneration Committee:

During the financial year the committee met three times on 27.06.2020, 18.11.2020 and 31.03.2021 the composition of the committee and attendance of members at the meetings are as under:

Name of Members Designation Number of Meetings entitled to attend No. of meetings attended
Om Prakash Agarwal Chairman 4 4
Dinesh Kumar Golecha Member 4 4
Sitaram Jhanwar Member 4 4

Stakeholders Relationship Committee:

During the year the committee met 4 times as follows on 27.06.2020, 15.07.2020, 16.10.2020 and 22.01.2021 , the composition of the committee and attendance of members at the meetings are as under:

Name of Members Designation Number of Meetings entitled to attend No. of meetings attended
Om Prakash Agarwal Member 3 3
Dinesh Kumar Golecha Member 3 3
Sitaram Jhanwar Chairman 3 3

iv. Directors Responsibility Statement

The Board of Directors acknowledge the responsibility for ensuring compliance with th provisions of Section 134(3) (c) read with Section 134(5) of the Companies Act, 2013, in preparation of annual accounts for the financial year ended 31st March, 2021 and state that:

(i) In the preparation of the Annual Accounts for the Financial Year ended 31st March, 2021, the applicable accounting standards have been followed with proper explanation relating to material departures.

(ii) the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that were 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 profit and loss of the Company for that period.

(iii) The Directors had taken proper and sufficient care 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 Directors had prepared the annual accounts for the financial year ended 31st March, 2021 on a going concern basis.

(v) The Directors had laid down proper internal financial controls to be followed by the company and that such internal financial controls are, adequate and are operating effectively.

(vi) That 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.

v. Independent Directors:

As per declaration received from Independent Directors they meet the criteria of independence as laid down under Section 149(6) of the Companies Act, 2013 and have complied with Rule 6 of the companies (Appointment and Qualification of Directors) Rules, 2014, as amended as on date. As per evaluation done by the Nomination and Remuneration Committee and by the Board of all the Independent Directors of the Company by considering the parameters such as whether the Directors uphold ethical standards of integrity and probity, the ability of the directors to exercise objective and independent judgment in the best interest of Company, the level of confidentiality maintained, adherence to the applicable code of conduct for Independent Directors and their role in bringing independent judgment during Board deliberations on strategy, performance, risk management, expertise and experience etc., the Independent Directors have maintained the integrity, expertise and have vast experience in the industry. They possess required qualification, skills, expertise and experience to be appointed as Independent Directors of the Company. The Independent Directors have complied with the code of conduct as prescribed in Schedule IV to the Companies Act, 2013.

vi. Board Evaluation:

In terms of requirements of Listing Regulations and provisions of Companies Act, 2013, Nomination cum Remuneration Committee of the Board of Directors of the Company specified the manner for effective evaluation of performance of Board, its Committees and Individual Directors. Based on the same, annual evaluation of its own performance, performance of its Committees, Individual Directors including Independent Directors was carried out during the reporting period. The Company had adopted the evaluation parameters as suggested by ICSI and SEBI with suitable changes from Companys perspective.

The Board has carried out an annual evaluation of its own performance and that of its Committees as well as performance of the Directors individually including Independent Directors (excluding the director being evaluated) has been made.

Board evaluation was carried out on the basis of questionnaire prepared after considering various inputs received from the Directors, covering various aspects revealing the efficiency of the Boards functioning such as development of suitable strategies and business plans, size, structure and expertise of the Board and their efforts to learn about the Company and its business, obligations and governance.

Performance evaluation of Directors was carried out by Board and Nomination and Remuneration Committee on parameters such as appropriateness of qualification, knowledge, skills and experience, time devoted to Board, deliberations and participation level in board functioning, extent of diversity in the knowledge and related industry expertise, attendance and participations in the meetings and workings thereof and Initiative to maintain high level of integrity and ethics and the same was apprised to the Board of Directors.

Independent Directors had carried out performance evaluation of Non-Independent Directors in their separate meeting, the Board as a whole and performance evaluation of Chairman/ Managing Director was carried out, taking into account the views of Executive and Non-Executive Directors.

The performance of Committees were evaluated on parameters such as whether the Committees of the Board are appropriately constituted, have appropriate number of meetings held each year to accomplish all of its responsibilities, maintain the confidentiality of its discussions and decisions, conduct self-evaluation at least annually, make periodical reporting to the Board along with its suggestions and recommendations.

Independent Directors performance evaluation was carried out on parameters such as whether the Directors uphold ethical standards of integrity and probity, the ability of the directors to exercise objective and independent judgment in the best interest of Company, the level of confidentiality maintained, adherence to the applicable code of conduct for Independent Directors and their role in bringing independent judgment during Board deliberations on strategy, performance, risk management etc.

The Board/Directors expressed their satisfaction with the evaluation process.

vii. Related Party Transactions:

All contracts / arrangements / transactions entered by the Company during the financial year with related parties were in the ordinary course of business and on an 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. The Policy on materiality of related party transactions and dealing with related party transactions as approved by the Board may be accessed on the Companys website at the link: http://crownjaipur.org/RelatedPartyTransectionPolicy.pdf. Your Directors draw attention of the members to Note 28 to the financial statement which sets out related party disclosures.

viii. Remuneration Policy:

The brief of the Remuneration policy is attached herewith as Annexure-1 which forms part of this report and the same has also been uploaded on website of the company at http://crownjaipur.org/Remuneration%20Policy.pdf

7. CORPORATE GOVERNANCE

Pursuant to the provisions of Regulation 15 (2) (a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, compliance with the provisions of Regulation 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and clauses (b) to (i) of subregulation (2) of regulation 46 and para C , D and E of Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) were not applicable on the company during the financial year 2019-20. Consequently, the Compliance Report on Corporate Governance as stipulated under Schedule V of the Listing Regulations do not form part of this Annual Report for the Financial Year 20202021.

8. VIGIL MECHANISM

The Company has a Whistle Blower & Vigil Mechanism Policy and has established the necessary vigil mechanism for grievances redressal of the Directors and employees to report concerns about unethical behavior.. All Protected Disclosures concerning financial/accounting matters should be addressed to the Chairman of the Audit Committee of the Company for investigation. The said policy has been uploaded on the website of the Company and may be accessed at the link: http://crownjaipur.org/whistle-blower-policy-and-vigil-mechanism.pdf.

9. RISK MANAGEMENT

The Board has developed and implemented a Risk Management Policy which assists the Board to have a check upon all the risk factors that the organization faces such as strategic, financial, credit, market, liquidity, security, property, IT, legal, regulatory, reputational and other risks and assist the Board to overcome the Risks. Risk Management Policy has been reviewed and approved by the Board and Audit Committee and the same is available on the website and may be accessed at the link: http://crownjaipur.org/risk_management_policy.pdf.

10. INTERNAL FINANCIAL CONTROL

The Board adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of accounting records, and the timely preparation of reliable financial disclosures. For the assurance of best possible Internal Financial Controls to be followed by the Company, furtherance to the current Internal Financial Controls, a Policy of Internal Financial Control was reviewed and approved by the Board and Audit Committee and the same is available on the website and may be accessed at the link: http://crowniaipur.org/PolicvOnIFC.pdf.

11. STATUTORY AUDITORS AND THEIR REPORT

The statutory auditor of Company, M/s Vikas Jain & Associates, Chartered Accountants, [Firm Registration No.006803C], was appointed for a period of 5 (five) years from the conclusion of 28th Annual General Meeting (AGM) till the conclusion of the 33rd Annual General Meeting of the Company . The report given by the statutory auditor on the financial statements of the Company is part of the Annual Report. There are no qualifications, observations or adverse remarks in the Auditors Report for the financial year 2020-2021 which require any clarification/explanation. The Notes on financial statements are self-explanatory, and needs no further explanation. There has been no frauds reported by auditors under sub-section (12) of section 143 of Companies Act, 2013.

Further M/s Vikas Jain & Associates, Chartered Accountants, Jaipur ((FRN No.006803C) Statutory Auditor have tendered their resignation from the position of Statutory Auditors due to change in the management/ promoters and shifting of registered office from state of Rajasthan to state of Maharashtra it would not be feasilble for them to continue as as statutory auditor w.e.f closure of business hours of 30th July, 2021, resulting into a casual vacancy in the office of Statutory Auditors of the company as envisaged by section 139(8) of the Companies Act, 2013.

Pursuant to the provisions of section 139 of the Companies Act, 2013, read with rules made thereunder and the provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, such Casual vacancy caused by the resignation of auditors can be filled up by the Company in general meeting after approval in this respect has been accorded by the Board and suitable recommendations have been received by the Audit Committee.

The audit committee at its meeting to be held on Friday, 13th August, 2021 recommended the appointment of M/s. Koshal & Associates, Chartered Accountants, Mumbai (FRN No.: 121233W) who have conveyed their consent to be appointed as the Statutory Auditors of the Company along with a confirmation that, their appointment, if made by the members, would be within the limits prescribed under the Companies Act, 2013. Such appointment was further approved by the Board in its meeting held on Saturday, 14th August, 2021 subject to approval of Members at the ensuing Annual General Meeting.

The Board of Directors, on recommendation of the Audit Committee, proposed the appointment of M/s. Koshal & Associates, Chartered Accountants, Mumbai (FRN No.: 121233W) as Statutory Auditors for the period of Five years from the conclusion of this 32nd AGM to the conclusion of 37th AGM.

12. COST RECORDS AND AUDIT

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Companies Act, 2013 are not applicable for the business activities carried out by the Company and accordingly no such accounts and records are made and maintained .

13. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

14. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND SECURITIES PROVIDED

The company has given inter-corporate Loans to non-related parties and the company has not made any investment during the year under review. No Gurantee given or Securities provided by the Company during the year under review.

15. INSIDER TRADING PREVENTION CODE

Pursuant to the SEBI Insider Trading Code, the company has formulated a comprehensive policy for prohibition of Insider Trading in Equity Shares of Crown Tours Limited to preserve the con?dentiality and to prevent misuse of unpublished price sensitive information. The Company Secretary has been designated as the Compliance Officer. It has also been posted on the website and may be accessed at the link:

http://www.crownjaipur.org/Code%20of%20conduct%20for%20prevention%20of%20insider.%20trading.pdf

16. ENERGY CONSERVATION. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS AND OUTGO:

A. Conservation of Energy: Being a part of service Industry, Companys operations are not such energy intensive, However, adequate measures have been taken to conserve the consumption of energy.

(i) The steps taken or impact on conservation of energy: The Company always emphasized on the conservation of energy, it installed energy efficient equipments and this results in less consumptions of the energy, comparatively and also supports go green initiative.

(ii) The steps taken by the company for utilizing alternate sources of energy:

Installation of invertors /generators has been done as the alternate sources of energy.

(iii) The capital investment on energy conservation equipments: Investments in installation of invertors/ generators.

B. Technology absorption: Operations of the company do not involve any kind of special technology and there was no expenditure on research & development during this financial year. However, your company continues to upgrade its technology.

(i) The efforts made towards technology absorption: The Company continues to make substantial investments in its technology platforms and systems and spread its electronically linked branch network. The software called "Yatra" is used for connectivity among the branches concerned to the accounts and operational activities of the Company.

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

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

C. Foreign Exchanges Earnings & outgo (in Rs.) : NIL

17. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

There have been No significant or material order passed by regulators or courts or tribunals which would impact the going concern status and companys operations in future.

18. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES:

The disclosures 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 is annexed herewith as Annexure-2. In terms of the provisions of Section 197(12) of thecompanies Act,2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 a statement showing the names of employees and other particulars of the top ten employees is annexed herewith Annexure-3 and further we confirm that no employee drawing remuneration in excess of the limits as provided in the said rules.

19. DIRECTORS & KEY MANAGERIAL PERSONALS (KMP)

During the financial year 2020-2021there was change of promoters through open Offer during the Quarter ended on 31st December, 2020, The company has added the new promoters in the Shareholding pattern submitted to BSE for the said quarter. The present promoters has been appointed as Directors and Key Managerial Persons of the Company on 23rd June, 2021 and all the existing Directors of the Company has resigned from Board with effect from 29th June, 2021.

The following Directors and KMP were appointed:-

I. Mr. Ranjith Soman (DIN: 01714430) as Chairman cum Managing Director of the Company.

ii. Dr. Veena Ranjith (DIN: 02187295) as Non-executive Non-Independent Director

iii. Mr. Rajat RanjithVaidyar (DIN 09168598) as Non-executive Non-Independent Director

iv. Mr. Rajan Balkrishna Raichuraas Independent Director.

v. Ms. Meenu Bhomia (M NO: ACS 42439) as Company Secretary and Compliance Officer of the Company w.e.f 10th July,2021.

vi. Ms Shalaka Rupesh Gopale was appointed as Chief Financial Officer of the Company w.e.f. 10th July, 2021.

The following directors and KMPs were resigned:

i. Mr. Om Prakash Agarwal (DIN:01437207)

ii. Mr. Bharat Raj Bhandari (DIN: 00131015)

iii. Mr. Dinesh Golecha (DIN: 00130851)

iv. Mrs. Shaila Bhandari (DIN:06568062)

v. Mr. Kamlesh Bhandari (DIN:00131113)

vi. Mr. Sitaram Jhanwar (DIN: 06532375)

vii. Mr. Abhay Kumar Jain from the post of ChiefFinancial Officer

viii. Ms. Poonam Jain from the post of Company Secretary and Compliance Officer of the Company

The Board of Directors placed on record the appreciation of these Directors and noted the contribution of the Directors in the interest of the Company.

20. DISCLOSURES REGARDING ESOPs

The Company has not provided any Stock Option Scheme to the employees.

21. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under review is presented in a separate section forming part of this Annual Report.

22. DEPOSIT

During the year under review, your Company has not accepted any deposit within the meaning of Section 73 and 74 of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rule, 2014. There are no outstanding deposits as on 31st March, 2021.

23. SHARE CAPITAL

During the year under review, there were no change in the Capital Structure of the Company, the authorised and paid - up share capital of the Company remain unchanged. The Company has not issued Shares, Debentures with differential voting rights, granted stock options and sweat equity shares during the year.

24. SECRETARIALAUDITOR

The Board has appointed M/s P Pincha & Associates, Company Secretaries in Whole-time Practice, to carry out Secretarial Audit of the Company under the provisions of Section 204 of the Companies Act, 2013.

The Report of Secretarial Auditor is annexed with this report as Annexure-4. There are no qualifications, observations or adverse remark or disclaimer in the said report.

25. DISCLOSURES WITH RESPECT OF DEMAT SUSPENSE ACCOUNT / UNCLAIMED SUSPENSE ACCOUNT

None of the shares of the company are lying in demat suspense account / unclaimed suspense account.

26. COMPLIANCE OF SECRETARIAL STANDARDS

Your Directors states that they have devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards and that such system is adequate and operating effectively and the applicable Secretarial Standards have been duly complied by your Company.

27. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place a Sexual Harassment Policy in line with the requirement of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redresses) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees are covered under the policy. No complaint has been received and disposed of during the year 2020-2021.

28. LISTING OF SHARES

The shares of the Company are listed on BSE Limited and the listing fee for the year 2021-2022 has been duly paid.

29. ACKNOWLEDGMENT

The results of an organization are great reflective of the efforts put in by the people who work for/ with the company. The Directors fully recognize the contribution made by the employees of the company and all stakeholders for successful operations of the company. The Directors also place on record their sincere appreciation to Government Authorities, Customers, Suppliers, BSE, CDSL, NSDL, Bankers, Business Associates, Shareholders, Auditors, Financial Institutions and other individuals / bodies for their continued support.

For and on behalf of the Board
Ranjith Soman Veena Ranjith
DIN:01714430 DIN:02187295
Place: Raigarh, Navi Mumbai Managing Director Director
Date: 06.09.2021