Fervent Synergies Ltd Directors Report

(Disclosures u/s. 134(3) of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014)

Dear Shareholders,

The Board of Directors is pleased to present herewith the 16^th (Sixteen) Annual Report of your Company, together with the Audited Statement of Accounts, for the year ended March 31, 2025.

The Management Discussion and Analysis has also been incorporated into this report.

FINANCIAL PERFORMANCE SUMMARY

The summarized results of your company are given in table below:

Particulars	Financial Year ended 31stMarch (Rs. in Lakh)
	2025	2024
Net income from Operations	3,245.85	2,430.92
Other Income	0.24	-
Total Expenses	2,947.41	3,711.52
Depreciation	3.80	3.97
Profit / (Loss) before Tax	294.88	(1,284.57)
Tax (Including prior years adjusted)	(0.48)	(0.41)
Net Profit / (Loss) for the year	295.36	(1,284.16)

BUSINESS PERFORMANCE

During the year under review, Operating Revenue of your Company increased to Rs.3,245.85 Lakh as compared to Rs.2,430.92 Lakh in the previous year. Your Company had a net profit of Rs.295.36 Lakh as compared to previous years net loss of Rs.1,284.16 Lakh.

DIVIDEND

Y our Board of Directors regret their inability to recommend any dividend for the year.

RESERVES

No amount has been transferred to the General Reserve during the year under review. The Company earned a profit of Rs.295.36 Lakh during the financial year 2024-25.

SHARE CAPITAL

The Company increased its Authorised Share Capital from Rs.30 Crores to Rs.50 Crores at the Annual General Meeting of the Company held on 11^th July, 2024 and accordingly Authorised Share Capital of the Company is Rs.50,00,00,000 consisting of 5,00,00,000 Equity Shares of Rs.10/- each.

The Board on 30th May 2024 approved the preferential allotment of 2,00,00,000 share warrants of Rs.10/- each, fully convertible to equivalent number of equity shares of Rs.10/- each, which was further approved by the shareholders at the 15th AGM held on 11th July 2024. Accordingly, 2,00,00,000 warrants were allotted on approval by the Board on 1st August 2024 against receipt of 25% monies.

On receipt of the balance 75% monies, the Board on 12th December 2024 approved the issuance and allotment of 1,37,50,000 equity shares on conversion of equivalent number of warrants, against monies received towards those warrants. 93,75,000 equity shares are issued to Promoters of the company and 43,75,000 equity shares are issued to other than promoters on conversion.

Pursuant to the allotment of the said equity shares on conversion of convertible warrants, the paid-up equity share capital of the company has increased from Rs.30 crores consisting of 3,00,00,000 equity shares of Rs.10/- each to Rs.43.75 crores consisting of 4,37,50,000 crore equity shares of Rs.10/- each as at 31^st March 2025.

As at the year ended 31^st March 2025, 62,50,000 share warrants remained, which were then converted to equity shares on receipt of balance monies and consequent approval by the Board on 3rd April 2025.

The company has not issued any share as fully paid up without payment being received in cash.

REGISTERED OFFICE

There was no change in the Registered Office of the Company during the Financial Year under review.

The present address of the Registered Office is as follows: B-7/8, Satyam Shopping Centre, M.G. Road, Ghatkopar East, Mumbai-400077.

SUBSIDIARY/JOINT VENTURE/ASSOCIATE COMPANIES

Your Company does not have any subsidiary / Joint Venture / Associate Companies, at present.

CHANGE IN NATURE OF BUSINESS, IF ANY:

During the year under review, there is no change in any nature of business of the company.

The Company has altered Object clause of the Memorandum of Association as per the Companies Act, 2013 and altered & Adopted whole new set of Articles of Associations as per the Companies Act, 2013 in the previous AGM dated 11^th July, 2024.

MATERIAL CHANGES AND COMMITMENT AFFECTING FINANCIAL POSITION OF THE COMPANY

There no material changes and commitments, affecting the financial position of the Company which has occurred between the end of the financial year of the Company i.e. March 31, 2025 and the date of the Directors report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS / COURTS / TRIBUNALS

From Corporate Tax perspective, apart from Industry based tax litigations, revenue authorities or tribunal or court, have not passed any order impacting going concern status of the organization.

During the year, the Company has received Listing approval from BSE with respect to Listing of additional 1,37,50,000 equity Shares of Rs. 10/- each at par issued to promoters & non-promoters on preferential basis on conversion of Share warrants.

ANNUAL RETURN & EXTRACTS OF ANNUAL RETURN

The Annual Return as provided under Section 92 of the Act is available on the website of the Company at www.ferventsynergies.com.

RELATED PARTY TRANSACTIONS

The Company has not entered into any contracts or arrangements, which are not in ordinary course of business, with related parties referred to in Section 188(1) of the Companies Act, 2013. A separate Annexure 1 is annexed as Form No. AOC-2 in terms of Section 134 of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014 is given.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Mr. Vijay Pravinchandra Thakkar, Director of the Company, retires by rotation at the ensuing Annual General Meeting of the Company, and being eligible offers himself for re-appointment.

Pursuant to provisions of section 203 of the Act, the Key Managerial Personnel of the Company are

Mr. Sanjay Thakkar	-	Managing Director
Mr. Karan Thakkar	-	CFO
Mrs. Nehal Jain	-	Company Secretary & Compliance Officer

CHANGES IN DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year, there has been no change in the constitution of Board of Directors of the Company.

DECLARATION BY INDEPENDENT DIRECTORS

All the Independent Directors have provided the declaration of Independence, as required pursuant to Section 149(7) of the Act, stating that they meet the criteria of Independence as provided in 149(6).

CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES, INDEPENDENCE AND OTHER MATTERS CONCERNING A DIRECTOR

In terms of the provisions of clause (e) of section 134(3) read with Section 178(3) of Companies Act, 2013, the Nomination and Remuneration Committee, while appointing a Director, takes into account the following criteria for determining qualifications, positive attributes and independence:

Qualification: Diversity of thought, experience, industry knowledge, skills and age.

Positive Attributes: Apart from the statutory duties and responsibilities, the Directors are expected to demonstrate high standard of ethical behaviour, good communication and leadership skills and take impartial judgment.

Independence: A Director is considered Independent if he/she meets the criteria laid down in Section 149(6) of the Companies Act, 2013, the Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations, 2015.

CORPORATE GOVERNANCE AND COMPLIANCE OF SECRETARIAL STANDARDS

The Company has complied with corporate governance requirements under the Companies Act, 2013, and as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A separate section on corporate governance along with the certificate from Statutory Auditors of the Company confirming the compliance, is annexed as Annexure 2 & 3 and forms part of this Annual Report. The Company has complied with the Secretarial Standards issued by Institute of Company Secretaries of India on Meeting of Board of Directors and General Meetings.

BOARD MEETINGS

During the Financial Year under review, the Board of Directors met 7 (Seven) times on 09^th May, 2024, 30^th May, 2024, 01^st August, 2024, 08^th August, 2024, 24^th October, 2024, 12^th December, 2024 & 23^rd January, 2025.

The maximum gap between any two Board meetings was not more than 120 days.

The composition of the Board along with the details of the meetings held and attended by the Directors during the Financial Year 2024-25 is detailed below:

Name	Type of Directorship	Board Meeting Attendance
		Held	Attended
Mr. Sanjay Pravinchandra Thakkar	Managing Director	7	7
Mr. Vijay Pravinchandra Thakkar	Director	7	7
Mr. Karan Vijay Thakkar	Director	7	7
Mr. Nitin Bhalchandra Parikh	Independent Director	7	7
Mrs. Falguni Kaushik Mehta	Independent Director	7	7
Mr. Rajesh Manekji Maheswari	Independent Director	7	7

AUDIT COMMITTEE

The Audit Committee was constituted on 23^rd August, 2011. The Committee now comprises Mr. Nitin Parikh as Chairman, and Mr. Rajesh Maheswari and Mrs. Falguni Mehta as Members of the Committee.

During the Financial Year under review, the Audit Committee met 7 (Seven) times on 09^th May, 2024, 30^th May, 2024, 01^st August, 2024, 08^th August, 2024, 24^th October, 2024, 12^th December, 2024 & 23^rd January, 2025.

The maximum gap between any two meetings of the Audit Committee of the Company was not more than 120 days. All the members of the Committee are Independent Directors. As on March 31, 2025, the composition of the Audit Committee is in conformity with the requirements of Section 177 of the Act.

The Managing Director and the Chief Financial Officer are permanent invitees to the meetings. The details of all related party transactions, if any, are placed periodically before the Audit Committee.

During the year there were no instances where the Board had not accepted the recommendations of the Audit Committee.

NOMINATION AND REMUNERATION COMMITTEE

The Company has constituted a Nomination and Remuneration Committee pursuant to Section 178(1) of the Companies Act, 2013.The role and terms of reference of the Nomination and Remuneration Committee cover the matters specified under Part D of the Schedule II of (Listing Obligations and Disclosure Requirements) Regulations, 2015 as well as in Section 178 of the Companies Act, 2013.

During the Financial Year under review, the Nomination and Remuneration Committee met 1 (One) time on 09^th May, 2024. As on March 31, 2025, the composition of the Nomination and Remuneration Committee is in conformity with the requirements of Section 178 of the Act.

The Committee now comprises Mrs. Falguni Mehta as Chairman, Mr. Nitin Parikh and Mr. Rajesh Maheswari as Members of the Committee.

STAKEHOLDERS RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee now comprises of Mr. Rajesh Maheswari as Chairman, and Mr. Nitin Parikh and Mrs. Falguni Mehta as members of the Committee. The main function of the Committee is to review and redress various investors complaints and express its satisfaction with the Companys performance in dealing with their grievances; the companys share transfer system, transfers, transmissions, split, consolidation, etc.

During the Financial Year under review, the Stakeholders Relationship Committee met 2 (Two) time on 09 ^th May, 2024 and 23^rd January, 2025. As on March 31, 2025, the composition of the Stakeholders Relationship Committee is in conformity with the requirements of the Act.

CODE OF CONDUCT

The Board of Directors have approved a Code of Conduct, which is applicable to the Members of the Board and all employees in the course of day-to-day business operations of the company. The Company believes in “Zero Tolerance” against bribery, corruption and unethical dealings/ behaviors of any form and the Board has laid down the directives to counter such acts. All the Board Members and the Senior Management personnel have confirmed compliance with the Code.

MANAGEMENT DISCUSSION AND ANALYSIS (MDA):

Management discussion and analysis report highlighting the performance and prospects of the Companys business for the year, as stipulated under Regulation 34 (2) (e) read with schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”) is presented in the report.

CERTIFICATE FROM PRACTISING COMPANY SECRETARY:

The Company has obtained a certificate from Practising Company Secretary, confirming that none of the Directors on the Board of the Company have been debarred or disqualified from being appointed or continuing as Director of companies by the Securities and Exchange Board of India and Ministry of Corporate Affairs or any such authority and the same forms part of this Report and marked as Annexure 5.

INSIDER TRADING REGULATION

The Company has implemented a Code of Conduct for the Prevention of Insider Trading, in the form of a Structured Digital Database (SDD), to regulate the trading of securities by the Directors and designated employees. The Code mandates pre-clearance for transactions involving the Companys shares and prohibits the purchase or sale of shares by Directors and designated employees when in possession of unpublished price-sensitive information or during the closure of the Trading Window. The Board is responsible for ensuring the effective implementation of this Code.

All the Board of Directors and Key Managerial Personnels (KMPs) have confirmed their compliance with the Code.

BUSINESS RESPONSIBILITY REPORT

Report on Business Responsibility report is not applicable to the Company as per Regulation 34(2) (f) (Listing Obligations and Disclosure Requirements) Regulations, 2015 since the Company does not fall within top 1000 listed entities.

WHISTLE BLOWER POLICY / VIGIL MECHANISMS

The Company has a vigil mechanism to deal with instance of fraud and mismanagement, if any. It ensures that strict confidentiality is maintained whilst dealing with concerns and also no discrimination will be meted out to any person for a genuinely raised concern. Any suspected or confirmed incident of fraud / misconduct can be reported thereof.

CORPORATE SOCIAL RESPONSIBILITY:

The provisions of Section 135 of the Companies Act, 2013 regarding the provisions Corporate Social Responsibility is not applicable to the Company as the Company is not falling under the said parameters.

RISK MANAGEMENT POLICY

There is a continuous process for identifying, evaluating and managing significant risks faced through a risk management process designed to identify the key risks facing business. Risks would include significant weakening in demand from core-end markets, inflation uncertainties and any adverse regulatory developments, etc. During the year a risk analysis and assessment was conducted and no major risks were noticed.

AUDITORS

Pursuant to the provisions of section 139 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, the Members, at the 13 ^th Annual General Meeting of the Company held on 22^nd September, 2022, appointed M/s. S H Dama & Associates, (FRN No.: 125932W) Chartered Accountants, as the Companys Statutory Auditors for a period of five years, from the conclusion of the 13th Annual General Meeting till the conclusion of the 18th Annual General Meeting of the Company.

In accordance with the Companies Amendment Act, 2017, notified on 7th May, 2018 by the Ministry of Corporate Affairs, the appointment of Statutory Auditors is not required to be ratified at every Annual General Meeting.

As required under Section 139 of the Companies Act, 2013, the Company has obtained a written consent from the Auditors to their continued appointment and also a certificate from them to the effect that their existing appointment is in accordance with the conditions prescribed under the Companies Act, 2013 and the rules made thereunder.

The remuneration payable to the Statutory Auditors shall be determined by the Board of Directors based on the recommendation of the Audit Committee.

The Auditors of the Company have not reported any fraud as specified under second proviso of Section 143(12) of the Companies Act, 2013.

SECRETARIAL AUDIT REPORT

In terms of the provisions of Section 204 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (as amended from time to time), the Board had appointed M/s. Sindhu Nair & Associates, Practicing Company Secretary (FCS- 7938, CP- 8046), as Secretarial Auditor to undertake the Secretarial Audit of the Company for the FY 2024-25 and report pertaining to such audit is annexed as Annexure 6 and forms part of the Board Report.

Further, pursuant to the provisions of Regulation 24A of the Listing Regulations and in accordance with Section 204 of the Act, basis recommendation of the Board, the Company is required to appoint Secretarial Auditor, with the approval of the Members at its AGM.

In light of the aforesaid, the Board of the Company has recommended the appointment M/s. Sindhu Nair & Associates, Practicing Company Secretary (FCS- 7938, CP- 8046) as the Secretarial Auditor of the Company for a period of 5 (five) consecutive financial years i.e. from FY2025-26 up to FY2029-30, subject to approval of the Members at the ensuing AGM of the Company, to undertake Secretarial Audit as required under the Act and Listing Regulations and issue the necessary Secretarial Audit Report for the aforesaid period. Further, the Secretarial Auditor has confirmed that they have subjected themselves to Peer Review process by the Institute of Company Secretaries of India (“ICSI”) and hold valid certificate issued by the Peer Review Board of ICSI.

COST AUDIT

The provisions of Cost audit as prescribed under Section 148 of the Companies Act, 2013 are not applicable to the Company.

INTERNAL FINANCIAL CONTROLS

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations.

ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17 of The (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration and other Committees. The same is found to be satisfactory.

In a separate meeting of Independent directors, performance of non - independent directors, performance of the Board as whole and performance of chairman was evaluated, taking into account views of the executive director and non - executive directors.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

The Company has complied with the provisions of Section 186 of the Companies Act 2013 for loans, guarantees and investments read with Companies (Meeting of Board and its Powers) Rules, 2014.

PUBLIC DEPOSITS

During the year under review, the Company has not accepted any deposit as covered under Chapter V of the Act read with Companies (Acceptance of Deposits) Rules, 2014, as amended, from its members or the public during the year under review.

MANAGEMENT DISCUSSION AND ANALYSIS

INDUSTRY STRUCTURE & DEVELOPMENTS, OPPORTUNITIES & THREATS, SEGMENTWISE PERFORMANCE, OUTLOOK, RISKS & CONCERNS

During the year under review, the Company has continued its food and finance divisions business & operates in these two reportable segments, as identified in accordance with Ind AS-108: ‘Operating Segments.

OVERVIEW: INDIAN ECONOMY

The Indian economy in FY2024-25 is experiencing a period of sustained growth, with estimates placing real GDP growth at 6.5%. This growth is accompanied by a nominal GDP increase of 9.8%, indicating rising income levels and an expanding economic base.

OVERVIEW: BUSINESS

The Indian almond industry in FY2024-25 is experiencing a surge in imports, with a notable increase in the first four months of the financial year. However, geopolitical factors are creating uncertainty for the supply chain, potentially leading to price hikes. Despite these challenges, the almond industry is seeing improved returns and a healthy supply chain, with buyers purchasing the new crop for longer periods. The United States continues to be the dominant player in Indias almond imports, with California almonds accounting for a significant portion of the global supply.

The private small finance industry in India for FY 2024-25 and beyond is experiencing mixed trends. While there are positive indicators like strong loan demand and a focus on financial inclusion, challenges remain, particularly in asset quality and regulatory compliance.

Your company has displayed strong financial discipline, keeping a close view on the business. Further in its pursuit of sustainability, the company has successfully raised funds vide preferential allotment.

CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

A. Conservation of Energy:

1. The steps taken or impact on conservation of energy: Though our operations are not energy - intensive, efforts have been made to conserve energy by utilizing energy efficient equipments.

2. The steps taken by the Company for utilizing alternate sources of energy: The Company is using electricity as the main source of energy and is currently not exploring any alternate source of energy.

3. The capital investment on energy conservation equipments : Not applicable

Your Company firmly believes that our planet is in need of energy resources and conservation is the best policy.

B. Technology Absorption:

1. The efforts made towards technology absorption: Not Applicable

2. The benefits derived like product improvement, cost reduction, product development or import substitution: Not Applicable

3. In case of imported technology (imported during the last three years reckoned from the beginning of the financial year): No technology has been imported by the Company.

4. The expenditure incurred on Research and Development: Nil

C. Foreign exchange Earnings and Outgo:

Particulars	Current year	Previous year
Total Foreign Exchange Earnings	Nil	Nil
Total Foreign Exchange Expenditure	Rs.1.33 Lakh	Rs.2.85 Lakh

PARTICULARS OF EMPLOYEES

A. Details of the ratio of the remuneration of each director to the median employees remuneration and other details as required pursuant to Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

The information required under Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in terms of Remuneration of Directors of the Company to the median employees remuneration and other details may be provided upon request.

B. Details of every employee of the Company as required pursuant to 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

The Company has no such employee drawing remuneration more than mention under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

DIRECTORS RESPONSIBILITY STATEMENT

The Directors would like to assure the members that the Financial Statements, for the year under review, conform in their entirety to the requirements of the Companies Act, 2013.

Pursuant to Section 134(5) of the Companies Act 2013, your Directors, to the best of their knowledge and belief confirm that:

• in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

• the Directors have 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 and loss of the company for that period;

• the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 preventing and detecting fraud and other irregularities;

• the Directors have prepared the annual accounts on a going concern basis;

• that proper internal financial controls were in place and that the financial controls were adequate and were operating effectively; and

• the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

LISTING OF SHARES

The Companys shares are listed at BSE and the Company has paid Listing fees to BSE Limited.

INSURANCE

All the assets of the Company are adequately insured, wherever required.

HUMAN RESOURCES

Our Company is focused on people related developing and retaining talent within the organization. The relationship of your company with its employees remained cordial.

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

The following is a summary of sexual harassment complaints received and disposed of during the financial year 2024-25.

No. of complaints received	: Nil
No. of complaints disposed	: Nil
No. of complaints pending :	Nil

Under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company takes continuous efforts to ensure that the Women in our workplace are safe, and have trust in the Organization to speak up and report to the Internal Complaints Committee if they are faced with any kind of harassment.

MATERNITY BENEFIT ACT

The Company has complied with the provisions of the Maternity Benefit Act, 1961, as amended from time to time. It ensures that all eligible women employees are provided with the benefits and entitlements mandated under the Act, including paid maternity leave, nursing breaks, and protection from dismissal during maternity leave.

The Company is committed to fostering a supportive and inclusive workplace and continues to uphold all applicable labour laws related to employee welfare and social security.

NUMBER OF EMPLOYEES AS ON THE CLOSURE OF FINANCIAL YEAR:

The breakup of the total no. of employees as on 31st March, 2025 are as follows:

Female - 3 Employees Male - 8 Employees Transgender - Nil

DETAILS OF APPLICATION / ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016:

Neither any application was made nor any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the financial year.

DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

As Company has not done any one-time settlement during the year under review hence no disclosure is required.

DISCLOSURE REQUIREMENTS

As per SEBI Listing Regulations, the Corporate Governance Report with the Auditors Certificate thereon, and the integrated Management Discussion and Analysis including the Business Responsibility Report are attached, which forms part of this report.

The Company has devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating effectively.

OTHER DISCLOSURE

S Your Company has not issued any shares with differential voting.

S There was no revision in the financial statements from the end of the Financial Year to date of the Directors Report.

S Your Company has not issued any sweat equity shares.

ACKNOWLEDGEMENTS

Your Directors would like to express their grateful appreciation for the assistance and co-operation received from all organizations connected with its business and record a deep sense of appreciation for the committed services of Staff of the Company. Your Directors are also deeply grateful for the confidence and faith shown by the Shareholders of the Company in them.

By order of the Board For Fervent Synergies Limited

Vijay Thakkar

Chairman & Director

DIN: 01276104 >

Place: Mumbai

Date: 24th July, 2025