Indian Hume Pipe Company Ltd Directors Report.

To,

THE MEMBERS,

Your Directors are pleased to present to you the Annual Report on the business operations of the Company together with the Audited Financial Statements of Accounts for the Financial Year ended 31st March, 2021.

FINANCIAL RESULTS:

(As per Ind AS)

(Rs in Lakhs)
Year Ended 31-03-2021 Year Ended 31-03-2020
Revenue from Operations 1,24,139.63 1,62,362.23
Profit Before Finance Cost, Depreciation & Amortisation & Tax 14,463.17 18,729.44
Less: Finance Costs 6,776.10 6,848.54
Depreciation & Amortisation 1,989.42 1,844.97
Profit Before Tax 5,697.65 10,035.93
Less: Provision for Taxation 1,497.58 2,695.09
Net Profit After Tax 4,200.07 7,340.84
Add/(Less): Other Comprehensive Income 160.48 (333.61)
Total Comprehensive Income carried out to Other Equity 4,360.55 7,007.23

PERFORMANCE REVIEW:

Your Companys operations of its various projects under execution continued to be profitable, with continued efforts to reduce costs and improve yield as also bettering the productivity levels.

During the year 2020-21 under review, the Revenue from Operations was Rs 1,24,139.63 Lakhs as compared to Rs 1,62,362.23 Lakhs of the previous year. The profit before tax for the year at Rs 5,697.65 Lakhs as compared to Rs 10,035.93 Lakhs of the previous year. The profit after tax for the year at Rs 4,200.07 Lakhs as compared to Rs 7,340.84 Lakhs of the previous year.

There were many challenges including non-availability of labour and mobilisation of resources due to restrictions on movements and fear of COVID-19 pandemic. The situation remain fluid as duration and scope of COVID-19 is continuously evolving. The future impact on business operations is difficult to assess as the situation is unravelling at a fast pace.

The operations of the Company for year under review continued to be impacted by pre-cautionary measures adopted to contain COVID-19 pandemic. The project execution and supply chain management is gathering momentum slowly. The operations are not fully normalised. The Company expects to recover the carrying value of its assets.

There are no material changes and commitments 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.

SHARE CAPITAL:

The paid up Equity Share Capital as at 31st March, 2021 stood at Rs 968.94 Lakhs. During the year under review, the Company did not issue any Equity Shares and there has been no change in the capital structure of the Company.

DIVIDEND:

Your Directors are pleased to recommend a Dividend of Rs 2 per equity share of face value of Rs 2/- each (100%) for the financial year ended 31st March, 2021 on paid-up share capital of the Company as against Rs 2 per equity share of face value of Rs 2/- each for the previous financial year ended 31st March, 2020. The same rate of Dividend as recommended for the previous financial year 2019-20 is recommended by the Board with a view to conserve the funds in this uncertain times. The Dividend, subject to the approval of the Members at the 95th Annual General Meeting convened on 26th August, 2021 will be paid on or after 31st August, 2021 to those Members whose names appear in the Register of Members as on the date of Book Closure i.e. Friday, 13th August, 2021. The dividend of Rs 2/- per equity share of Rs 2/- each will amount to Rs 968.94 Lakhs.

TRANSFER TO RESERVES:

The Company do not propose to transfer any amount to General Reserve.

FINANCE:

Due to the COVID-19 pandemic, which resulted in nationwide lockdown and slowing down of the economy during the year, release of funds by various State authorities against work done got delayed resulting in slower realisation of receivables and brief elongation of Working Capital cycle.

The brief elongation of working capital cycle, reflected in Credit Rating Agency awarding A- rating to the Company from its existing rating of A.

During such challenging times, the Company focussed on maximising collections and could maintain the liquidity position quite satisfactorily and optimum utilisation of financial resources was achieved. The Company had a cordial relationship with its Bankers and trade creditors and has been prompt in meeting its obligation towards them.

COVID-19 SITUATION & UPDATES:

The rapidly evolving COVID-19 pandemic not only posed health challenges but significantly impacted businesses and economy across the world. Your Company committed itself to the nations fight against COVID-19 and confronted the uncertainties by focussing on safeguarding the health of its employees, ensuring business continuity and supporting communities through its relief efforts. Since outbreak of Covid-19 Coronavirus pandemic in the country from the end of March, 2020, the Company had been taking appropriate steps including work from home to ensure safety and health of all the Companys employees.

INCOME TAX ASSESSMENT:

The income tax assessment of your Company has been completed till assessment year 2018-19. The appeals filed by your Company, against the assessment orders for various financial years are pending with the Income Tax Appellate Authorities and Bombay High Court. The amount of disallowance involved in various appeals is Rs 39,599.60 Lakhs. Out of this amount the major disputed amount of Rs 39,116.90 Lakhs pertains to claim of section 80IA regarding eligibility of deduction/exemption of profit earned from execution of infrastructure project. However necessary provision for tax of Rs 13,565.79 Lakhs on this has been already made in accounts. The balance amount of Rs 482.70 Lakhs pertains to other items of disallowance such as section 14A disallowance, land valuation of Wadala property and some expenses claimed u/s 80G. The necessary provision for tax on these disallowance has been made in accounts except for the disallowance made u/s 14A, as the same disallowance has been deleted in the previous years by the First and Second Appellate Authority.

The appeal filed by the Income Tax Department is pending in the Bombay High Court for A.Y 2003-04. The issue involved in A.Y 2003-04 is regarding claim of deduction u/s 80IA allowed by the Income Tax Appellate Tribunal, amounting to Rs 1,068.27 Lakhs. However due to subsequent retrospective amendment made to section 80IA by Finance Act, 2009, as an abundant caution provision for the basic tax liability of Rs 392.59 Lakhs on the claim of Rs 1,068.27 Lakhs has been made in the accounts.

FACTORIES:

During the year the Company had permanently closed its factory at Yelhanka, Bengaluru, Karnataka after completing all the formalities.

The total number of factories of the Company as at the end of the year under review stands at 19.

DEVELOPMENT OF LAND:

The development of the Companys lands at Hadapsar and Vadgaon Pune, SRA project at Wadala Mumbai and at Badarpur New Delhi are at initial stages of obtaining development related approvals from the various Authorities.

CORPORATE GOVERNANCE & MANAGEMENT DISCUSSION AND ANALYSIS REPORTS:

The Company has implemented procedures and adopted practices in conformity with the code of Corporate Governance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). The Company has implemented Code of Conduct for all its Directors, Promoter & Promoters Group, Designated Persons, Employees and their immediate relatives, Senior Management Personnel, NonExecutive Non-Independent Directors and Independent Directors, who have affirmed compliance thereto. The said Codes of Conduct have been posted on the website of the Company.

The Management Discussion and Analysis Report and Corporate Governance Report, appearing elsewhere in this Annual Report forms part of the Boards Report. A certificate from the Statutory Auditors of the Company certifying the compliance of conditions of Corporate Governance is also annexed hereto.

PUBLIC DEPOSITS:

The Company had terminated its Fixed Deposits Schemes w.e.f. 28th July, 2009 and stopped accepting / renewing deposits since then. Accordingly, the Company had repaid/transferred to IEPF all those deposits together with interest thereon as and when they had matured on their respective due dates to fixed deposit holders claiming the same/which remained unclaimed.

There are no unclaimed/unpaid deposits or interest lying with the Company as at 31st March, 2021.

CREDIT RATINGS:

During the year CARE Ratings Limited has reviewed and evaluated its rating for Long term Bank facilities (Term Loan) as CARE A-; Stable [Single A Minus; Outlook: Stable], Long term Bank facilities (Fund based) as CARE A-; Stable [Single A Minus; Outlook: Stable], Short term Bank Facilities (Non-fund based) as CARE A2+ [A Two Plus] and Long term/Short term Bank Facilities (Non-fund based) as CARE A-; Stable/ CARE A2+ [Single A Minus; Outlook: Stable/ A Two Plus] .

The details of Credit Ratings reviewed during the year by CARE Ratings Ltd. are uploaded on website of the Company at www.indianhumepipe.com

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the Financial Statements for the year ended 31st March, 2021.

CORPORATE SOCIAL RESPONSIBILITY:

The Corporate Social Responsibility (CSR) Policy of the Company and the CSR programs/activities undertaken during the financial year 2020-21 are set out in "Annexure A" and forms part of the Boards Report. For other details of the CSR Committee, please refer to the Corporate Governance Report which forms part of this report. The policy is available on the website of the Company www.indianhumepipe.com.

In accordance with Section 135 of the Companies Act 2013, Rules thereunder and Schedule VII during the financial year 2020-21 the Company had undertaken CSR activities and incurred CSR expenditure and donated/ spent .1,47,00,000/-.

Due to COVID-19 pandemic situation in the country since March, 2020, continuing beyond F.Y. 2020-21 and restrictions on movements, there were challenges in identifying, assessing, appraising, shortlisting and selecting CSR projects and its implementation thereof. In view of these unprecedented challenges under COVID-19 pandemic situation in the country, for the Financial Year 2020-21 the Company could spend Rs 1,47,00,000/- out of the committed CSR obligations of . 2,35,65,000/- and was unable to spend CSR expenditure of . 88,65,000/- on account of above reasons. Being non-ongoing CSR projects, the unspent CSR expenditure of Rs 88,65,000/- for F.Y 2020-21 will be donated/contributed to the specified Fund/s within a period of six months from the end of the financial year 31st March, 2021 i.e. on or before 30th September, 2021 as required under section 135(5) of the Companies Act, 2013 and Rules thereunder.

RISK MANAGEMENT:

The Board of Directors of the Company has recently re-constituted Risk Management Committee and approved revised role of the committee given in the Corporate Governance Report forming part of the Boards Report. The Company has a Risk Management Policy to identify, evaluate, monitor and mitigate risks. The risk framework defines the risk management approach across the enterprise at various levels including documentation and reporting. The details of Risk Management Committee are given in the Corporate Governance report.

INTERNAL CONTROL SYSTEMS AND ITS ADEQUACY:

The Company has an Internal Audit Department headed by General Manager, Internal Audit. The Internal Audit Department monitors and evaluates the efficacy and adequacy of internal control system in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of internal audit function, the Management undertakes corrective action in their respective areas and thereby strengthen the controls.

INTERNAL FINANCIAL CONTROLS RELATED TO FINANCIAL STATEMENTS:

The Company has in place adequate internal financial controls with reference to the Financial Statements to provide reasonable assurances with regard to recording and providing financial information complying with the applicable accounting standards.

VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Company has Vigil Mechanism administered by the Audit Committee. The Vigil Mechanism policy is posted on the Companys website.

CHANGE IN THE NATURE OF BUSINESS, IF ANY:

There is no change in the nature of business during the year under review.

SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS / COURTS/ TRIBUNALS, IF ANY:

There are no significant material orders passed by the Regulators/Courts/ Tribunals which would impact the going concern status of your Company and its future operations.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Pursuant to the provisions of Section 149 of the Act, all the Independent Directors of the Company have submitted a declaration that each of them meets the criteria of independence as per provisions of the Companies Act, 2013, rules thereunder, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and there has been no change in the circumstances which may affect their status as an Independent Directors during the year. In the opinion of the Board of Directors, all the Independent Directors fulfil the criteria of independence as provided under the Act, rules made thereunder and the Listing Regulations and that they are independent of the management.

In accordance with provisions of the Companies Act, 2013 and the Articles of Association of the Company Ms. Jyoti R. Doshi, Non-Executive Director of the Company, retires by rotation at the ensuring 95th Annual General Meeting and being eligible offers herself for re-appointment. The Profile of Director seeking reappointment pursuant to Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is included in the Notice of 95th Annual General Meeting of the Company.

Details of the proposal for re-appointment of director is given in the Notice of AGM.

During the year there is no change in Key Managerial Personnel (KMP) of the Company. In terms of Section 203 of the Act, the Key Managerial Personnel of the Company are Mr. Rajas R. Doshi, Chairman and Managing Director, Mr. Mayur R. Doshi, Executive Director, Mr. M. S. Rajadhyaksha, Chief Financial Officer and Mr. S. M. Mandke, Company Secretary.

None of the Directors and Key Managerial Personnel of the Company has any pecuniary relationships or transactions with the Company, other than salary, commission, sitting fees, reimbursement of expenses incurred by them for attending the meetings of the Company and in case of Ms. Anima B. Kapadia, Non-Executive, Non-Independent Director of the Company and Sole Proprietor of M/s. Daphtary Ferreira and Divan, Solicitor and Advocate of the Company, the payment of professional fees to her in the capacity as Advocate and Solicitor.

Remuneration and other details of the KMP of the Company for the financial year ended 31st March, 2021 are provided in the Extract of the Annual Return forming part of this report.

BOARD COMMITTEES:

The Board of Directors of your Company had constituted various Committees and approved their terms of reference/role in compliance with the provisions of the Companies Act, 2013 and Listing Regulations viz. Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Corporate Social Responsibility Committee and Risk Management Committee.

The composition of the Audit Committee as given in the Corporate Governance Report is in accordance with Section 177 of the Companies Act, 2013, Rules thereunder and Listing Regulations. The members of the Audit Committee are financial literate and have experience in financial management. All the recommendations made by the Audit Committee have been accepted by the Board of Directors.

PERFORMANCE EVALUATION:

Pursuant to the provisions of Section 134(3)(p), 149(8), Schedule IV of the Companies Act, 2013, SEBI (LODR) Regulations, 2015 and the circular dated 5th January, 2017 issued by SEBI with respect to Guidance Note on Board Evaluation, annual performance evaluation of the Board as well as of the Committees of the Board and individual Directors have been carried out by the Board.

The performance evaluation of the Independent Directors was carried out by the entire Board and the performance evaluation of the Chairman, NonIndependent Directors and Board was carried out by the Independent Directors.

INDEPENDENT DIRECTORS MEETING:

In terms of Section 149, Schedule IV of the Companies Act, 2013 and SEBI (LODR) Regulations 2015, the Independent Directors met on 19th March 2021 without the attendance of Non-Independent Directors and Members of Management of the Company and reviewed the:

i) performance of Non-Independent Directors and the Board of Directors of the Company as a whole;

ii) performance of the Chairman of the Company, taking into account the views of Executive and Non-Executive Directors;

iii) assessed the quality, quantity and timeliness of flow of information between the Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

All the Independent Directors were present at the meeting.

FAMILIARISATION PROGRAMME OF INDEPENDENT DIRECTORS:

In compliance with the requirements of SEBI (LODR) Regulations 2015, the Company has put in place a familiarization program for Independent Directors to familiarize them with their role, rights and responsibilities as Directors, the operations of the Company, business overview etc.

The details of the familiarization program is available on the website of the Company.

Independent Directors are briefed with respect to the developments that are taking place in the Company and its operations.

REMUNERATION POLICY:

The Board on the recommendation of the Nomination & Remuneration Committee had formulated and adopted the Remuneration policy for selection and appointment of Directors, Senior Management and their remuneration. The Remuneration Policy is annexed as "Annexure B".

NUMBER OF MEETINGS:

Annual programme of Board and Committee meetings is circulated in advance to the Directors.

During the year five Board Meetings and five Audit Committee meetings were held as under :

29th June, 2020, 14th July, 2020, 29th August, 2020, 11th November, 2020 and 11th February, 2021.

The Composition of Audit Committee is as under:

Sr. No. Name of the Member Category
1. Mr. Rajendra M. Gandhi Chairman
2. Mr. Rameshwar D. Sarda Member
3. Mr. Vijay Kumar Jatia Member

Further two meetings of Nomination & Remuneration Committee, two meetings of Corporate Social Responsibility Committee and a meeting of Stakeholders Relationship Committee were held, the details of which are given in the Corporate Governance Report. During the year the maximum gap between any two consecutive meetings of the Board did not exceed one hundred and twenty days.

DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provisions of Section 134 of the Companies Act, 2013, the Directors state that:

a) in the preparation of the Annual Accounts for the financial year ended 31st March, 2021, the applicable Accounting Standards and Schedule III of the Companies Act, 2013 have been followed along with proper explanation relating to material departures, if any.

b) appropriate accounting policies have been selected 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 as at 31st March, 2021 and of the profit of the Company for the year ended on that date;

c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the Annual Accounts have been prepared on a going concern basis;

e) internal financial controls have been laid down to be followed by the Company and that such internal financial controls are adequate and are operating effectively; and

f) proper systems to ensure compliance with the provisions of all applicable laws have been devised and such systems are adequate and operating effectively.

STATUTORY AUDITORS:

The Auditors Report to the Members on the Financial Statements of the Company for the financial year ended 31st March, 2021 is a part of the Annual Report. The Auditors Report for the financial year 31st March, 2021 does not contain any qualification, reservation or adverse remark. During the financial year 2020-21 the Auditors had not reported any matter u/s 143 (12) of the Act, therefore no details are required to be disclosed u/s 134 (3) (ca) of the Act.

The Members of the Company had at the 91st AGM held on 10th July, 2017 appointed M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, Mumbai, bearing ICAI Firm Registration No.117366W/W-100018, as Statutory Auditors of the Company to hold office from the conclusion of 91st Annual General Meeting (AGM) till the conclusion of 96th Annual General Meeting.

SECRETARIAL AUDITORS AND SECRETARIAL STANDARDS:

Secretarial Audit for the financial year 2020-21 was conducted by M/s. JHR & Associates, Company Secretaries, pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The Report of the Secretarial Auditors is annexed as "Annexure C".

The Board of Directors has appointed M/s. JHR & Associates, Company Secretaries as the Secretarial Auditors to conduct Audit of secretarial records of the Company for the financial year 2021-22. The Company has received written consent from them stating that the appointment will be in accordance with the applicable provisions of the Act and the Rules thereunder.

During the financial year 2020-21 the Secretarial Auditors had not reported any matter u/s 143(12) of the Act, therefore no details are required to be disclosed u/s 134(3) (ca) of the Act.

In accordance with SEBI Circular No.CIR/CFD/CMD1/27/2019 dated February 08, 2019, the Company has obtained, Annual Secretarial Compliance Report for the financial year ended 31st March, 2021 from the Practicing Company Secretaries and submitted the same to the Stock Exchanges.

During the year 2020-21, the Company has complied with applicable Secretarial Standards issued by the Institute of the Company Secretaries of India.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulated under Section 134(3)(m) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, is annexed as "Annexure D".

RELATED PARTY TRANSACTIONS:

The Company has formulated a policy on Related Party Transactions, which is uploaded on the Companys website. The policy deals with review and approval of related party transactions. The Board of Directors have approved the criteria for making the omnibus approval by the Audit Committee within the overall frame work of the policy on related party transactions. Omnibus approval is obtained for related party transactions, which are of repetitive nature and in the ordinary course of business and on an arms length basis.

All related party transactions are placed before the Audit Committee for review and approval. Mr. Rajas R. Doshi, Chairman and Managing Director and Mr. Mayur R. Doshi, Executive Director are having credit balances of Rs 0.99 Lakhs and Rs 0.50 Lakhs respectively as of 31st March, 2021 with the Company in current account.

There are no transactions with related parties to be reported in Form AOC-2. All the related party transactions entered into during the year under review were in the ordinary course of business and on an arms length basis. There are no material related party transactions entered into during the financial year 2020-21 by the Company.

The disclosure of transactions including with related party belonging to the Promoter/Promoter Group which holds 10% or more shareholding in the Company as per format prescribed in the Accounting Standards for annual results is given in note No. 2.33 to the Notes to Accounts.

EXTRACT OF ANNUAL RETURN:

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2021 is available on the website of the Company at link http://www.indianhumepipe.com/portals/0/images/pdf/ annual_report/AnnexF2021.pdf

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

The information under Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 read with Section 197 of the Act is attached as "Annexure F".

INDUSTRIAL RELATIONS:

The Company is having total strength of 1478 permanent employees as on 3181 March, 2021 working at various locations such as Factories / Projects/ Project Offices/Head Office and Research & Development Department, Mumbai.

Industrial relations with the workmen at various units of the Company were by and large remained peaceful and cordial.

PREVENTION OF SEXUAL HARASSMENT AT WORK PLACE:

During the financial year under review, the Company did not receive any complaints of sexual harassment and no cases were filed under the POSH Act. As per the provisions of the Act the Company has formed Internal Complaints Committees to redress the grievances of women employees under the Act.

TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND (IEPF): During the year under review, the Company has transferred Rs 5,65,768/- of unclaimed dividend for the financial year 2012-13 to IEPF Authority. In terms of Section 124(6) and IEPF Rules, 2016 of the Companies Act, 2013, the Company has transferred 29,875 equity shares to IEPF Authority of those shareholders who did not claim dividend for seven consecutive years.

NODAL OFFICER:

The Company has appointed Mr. S.M. Mandke, Company Secretary as

the Nodal Officer for the purpose of verification of claims filed with the Company in terms of IEPF Rules and for co-ordination with the IEPF Authority. The said details are also available on the website of the Company www.indianhumepipe.com

GENERAL:

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:

1. Issue of equity shares with differential rights as to dividend, voting or otherwise.

2. Issue of shares (including sweat equity shares) to employees of the Company. The Company does not have ESOS/ESOP Scheme for its employees/Directors.

3. No fraud has been reported by the auditors to the Audit Committee or the Board.

4. The Company does not have any scheme or provision of money for the purchase of its own shares by employees / Directors or by trustees for the benefit of the employees or Directors.

BUSINESS RESPONSIBILITY REPORT:

Business Responsibility Report for the financial year 2020-21 describing the initiatives taken by the Company from an environmental, social and governance perspective, as required in terms of Regulation 34(2)(f) of SEBI Listing Regulations, separately forms part of this Annual Report.

DIVIDEND DISTRIBUTION POLICY:

The Dividend Distribution Policy of the Company as required under the Listing Regulations was adopted to set out the parameters and the circumstances that will be taken into account by the Board of Directors in determining the distribution of dividend to its shareholders. The policy is available on the Companys web site at www.indianhumepipe.com and a web-link is http:// www.indianhumepipe.com/Portals/0/images/pdf/Corporate_Governance/ Dividend_Distribution_Policy.pdf

ACKNOWLEDGEMENTS:

Your Directors record their gratitude to the Shareholders, Customers, Bankers, Government Departments, Vendors, Sub-contractors and all other Stakeholders for their continued support and co-operation during the year.

Your Directors also wish to place on record their appreciation of the services rendered by the employees of the Company.

Wishing you all good health, wealth and prosperity.

For and on behalf of the Board of Directors,

Rajas R. Doshi
Chairman & Managing Director
Registered Office:
Construction House, 2nd Floor, 5, Walchand Hirachand Road, Ballard Estate, Mumbai - 400 001
Date : 12th June, 2021