Integrated Thermoplastics Ltd Directors Report

The Directors are pleased to present 31^st Annual report and the Audited Financial Statement for the year ended 31^st March 2025 together with the Auditors Report thereon.

1. FINANCIAL SUMMARY:

Particulars	2024-25 Amount (in Rs)	2023-24 Amount (in Rs)
Total Income	6,54,97,921	3,68,29,086
Total Expenditure	12,46,89,238	13,55,29,546
Depreciation and Amortization	46,11,918	48,46,897
Profit before tax and exceptional items	(5,91,91,317)	(9,87,00,460)
Exceptional income	--	--
Profit after exceptional items before tax	(5,91,91,317)	(9,87,00,460 )
T axes (benefit)	(14,04,086)	(16,40,499)
Profit after tax	(6,05,95,403)	(10,03,40,959)
Other Comprehensive Income/(Loss)	--	--
Net Profit	(6,05,95,403)	(10,03,40,959)
Earnings per share(Basic)	(9.64)	(15.96)

2. COMPANYS PERFORMANCE:

The revenue during the financial year 2024-25 was T6,54,97,921 against the previous years revenue of T3,68,29,086, an increase by 77.84%. However, the Company continued to incur loss during the current financial year as well and the Loss after tax attributable to shareholders and non- controlling interests during the financial year 2024-2025 is T(6,05,95,403) as against the previous financial year T(10,03,40,958).

3. DIVIDEND:

As the company incurred loss during the Financial Year 2024-25, your Board of directors has not recommended any dividend.

4. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP):

As per the provisions of section 152 of the Companies Act, 2013, Mrs. Aravinda Rani Sannapureddy, who retires by rotation at the ensuing Annual General Meeting and being eligible offers herself for re-appointment. The board recommends her re- appointment.

During the year, Ms. Neha Aggarwal has been appointed as the Company Secretary and KMP w.e.f October 11, 2024.

The Board also places on record that none of the Directors of the Company have been debarred or disqualified by the Securities and Exchange Board of India (SEBI), the Ministry of Corporate Affairs (MCA), or any other Statutory Authority from being appointed or continuing as Directors.

The Board affirms that ensuring compliance with applicable laws, including maintenance of an active DIN status and adherence to tenure requirements, is an ongoing responsibility, and appropriate steps are being initiated to address the above observations.

5. BOARD MEETINGS:

Six (06) meetings of the Board of Directors were held during the financial year i.e. 30^th May 2024, 12^th August 2024, 10^th September 2024, 10^th October 2024, 14^th November 2024 and 30^th January 2025.

Sr. No. Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1. Ms. Aravinda Rani Sannapureddy	01241976	Non Executive Promoter Director	6	6
2. Mr. Angitapalli Sreenivasulu Reddy	02956004	Non Executive Independent Director	6	6
3. Mr. Venkata Lakshmi Reddy Sajjala	07966611	Non Executive Independent Director	6	6
4. Ms. Tulasi Sajjala	07966633	Non Executive Independent Director	6	6
5. Ms. Aruna Sajjala	07976311	Non Executive Independent Director	6	6

OTHER COMMITTEE MEETINGS :

1. AUDIT COMMITTEE: During the year under review, the Audit Committee met four times on 29th May 2024, 12th August 2024, 13th November 2024, and 29th lanuarv 2025.

Sr. No. Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1. Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	4	4
2. Ms. Tulasi Sajjala	07966633	Member	4	4
3. Mr. Venkata Lakshmi Reddy Sajjala	07966611	Member	4	4

2. NOMINATION AND REMUNERATION COMMITTEE: During the year under review the committee met once in a year on 12^th August, 2024.

Sr. No. Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1. Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	1	1
2. Ms. Tulasi Sajjala	07966633	Member	1	1
3. Mr. Venkata Lakshmi Reddy Sajjala	07966611	Member	1	1

3. STAKEHOLDERS RELATIONSHIP COMMITTEE: During the year under review the committee has met once in a year on 12^th August, 2024.

Sr. No. Name of the Director	DIN	Designation	Number of Board Meetings held during tenure	Number of Meetings Attended
1. Mr. Angitapalli Sreenivasulu Reddy	02956004	Chairman	1	1
2. Ms. Tulasi Sajjala	07966633	Member	1	1
3. Mr. Venkata Lakshmi Reddy Sajjala	07966611	Member	1	1

4. In accordance with the provisions of Schedule IV to the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate meeting of the Independent Directors of the Company was held on 12th August, 2024, without the presence of Non-Independent Directors and members of the management.

During the meeting, the Independent Directors, inter-alia, reviewed the performance of NonIndependent Directors and the Board as a whole, assessed the quality, quantity and timeliness of flow of information between the management and the Board, and discussed other matters as prescribed under the applicable provisions.

6. MANAGEMENT DISCUSSION AND ANALYSIS:

In terms of the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations”), the Managements discussion and analysis is set out as Annexure I forming part of this Annual Report.

7. COMPLIANCE OF SECRETARIAL STANDARDS:

During the period under review, the company has not complied with the applicable secretarial standards, notified under section 118 (10) of the Companies Act, 2013.

8. CONTENTS OF ANNUAL RETURN:

Pursuant to section 92(1) of the Companies Act, 2013 (the Act) and Rule 12 of the Companies (Management and Administration) Rules, 2014.The copy of annual return is available at www.integratedthermo.com

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, the company has not granted any loans or given any guarantees or made any investments covered under the provisions of section 186 of the Companies Act, 2013.

10. RELATED PARTY TRANSACTIONS:

There were no materially significant transactions with related parties during the financial year which were in conflict with the interest of the Company. Suitable disclosure as required by the Accounting Standards has been made in the notes to the financial statements.

11. CORPORATE SOCIAL RESPONSIBILITY:

In terms of section 135 of the Companies Act, 2013, every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during the immediately preceding financial year shall constitute a Corporate Social Responsibility (CSR) Policy. Since the company does not fall under the said criteria during the immediately preceding financial year, the provisions of section 135 of the Companies Act, 2013, Schedule VII and the rules made there under are not applicable to the company. Accordingly, a report on CSR activities as per rule 9 of the Companies (Corporate Social Responsibility) Rules, 2014 is not applicable.

12. CONSERVATION OF ENERGY. TECHNOLOGY. ABSORPTION ANDFOREIGN EXCHANGE EARNINGS AND OUT GO:

Details of Energy Conservation, Research& Development, Technology Absorption,

Foreign Exchange Earnings and Outgo as required as per section 134(3)(m) of the Companies Act 2013, are given in Annexure - II to the Directors Report.

13. PARTICULARS OF EMPLOYEES:

The company has not employed any individual whose remuneration exceeds the limits prescribed under the provisions of section197of the Companies Act, 2013, read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

14. AUDITORS

• STATUTORY AUDITORS

M/s. Grandhy & Co. Chartered Accountants were appointed for a period of 5 years from the financial period year 01-04-2022 till 31-03-2027. Independent Auditors Report on Quarterly and Year to Date Financial results of Integrated Thermoplastics Limited. pursuant to regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Auditors Report for the financial year ended 31st March, 2025, has been issued with Qualified Opinion, The Statutory Auditors have observed that :

*Qualified Opinion 1. Amounts receivables and payables to various parties are subject to confirmation and reconciliation. Pending such confirmations and reconciliations, we were unable to obtain sufficient and appropriate audit evidence in respect of the carrying amounts of debtors and creditors at 31.3.2025. Due to which, we were unable to determine whether any adjustments might have been found necessary in respect of said balances.

Management Response: As pointed out by the Statutory Auditors, the company has not obtained confirmation of balances of Advances, Deposits, Unsecured Loans, other liabilities, Trade Receivables, Trade Payables and advance against Suppliers. The Company has made best of its efforts to obtain the same before signing the accounts for current financial year as well as for last financial year. Further, the management of the company confirms that balances shown in the books are true and correct as per their knowledge.

*Qualified Opinion 2: The Company has not appointed the Internal Auditor as required by Section 138 of the Companies Act 2013. The audit is not carried out and audit reports were not available. However, it is clarified by the management that internal auditor will be appointed in FY2024-25.

Management Response 2: The Company acknowledges the requirement under Section 138 of the Companies Act, 2013, regarding the appointment of an Internal Auditor. Due to internal constraints, the appointment of the Internal Auditor was not made during the reporting period, and consequently, no internal audit was conducted, nor were audit reports available for FY 2024-25.

However, management would like to clarify that the process of identifying and shortlisting eligible and suitable candidates for the role of Internal Auditor is currently underway. The

Company is committed to ensuring compliance and will appoint a qualified Internal Auditor during the financial year 2025-2026.

• With respect to other Key Audit Matters, it is clarified that the observations reported by the Statutory Auditors are self-explanatory

.INTERNAL AUDITORS:

Pursuant to section 138 of the Companies Act, 2013, the company is required to appoint Internal Auditors of the company, However, as explained above, the company has not appointed the Internal Auditors of the company for the Financial Year 2024-25. However, management would like to clarify that the process of identifying and shortlisting eligible and suitable candidates for the role of Internal Auditor is currently underway. The Company is committed to ensuring compliance and will appoint a qualified Internal Auditor during the financial year 2025-2026.

• SECRETARIAL AUDITOR:

The Secretarial Audit Report, pursuant to the provisions of Section 204 read with Section 134(3) of the Companies Act, 2013, issued by Mr. Uday Chandra Yemmanuru, Practicing Company Secretary, in Form MR-3 for the financial year 2024-25 is annexed to the Boards Report as Annexure-III.

The secretarial auditors report is forming the part of this report and the qualifications/observations/remarks provided in the said Report are selfexplanatory.

Further, the Board in its meeting held on 4th day of September, 2025, has recommended the appointment of CS Uday Chandra Yemmanuru, Practicing Company Secretary, in Hyderabad (M.No.F11747 and CP No._25338 ) as the Secretarial Auditor of the Company for a period of five (5) consecutive financial years commencing from FY 2025-26 to FY 2029-30, subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company.

15. DETAILS OF FRAUDS REPORTED BYAUDITORS U/S.143:

The auditors have not reported any frauds pursuant to section 143 (12) of the Companies Act, 2013. Hence, the information to be provided pursuant to section 134 (3) (ca) of the Companies Act, 2013, may be treated as NIL.

16. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has an Internal Control System commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit function is defined in the Internal Audit Charter. To maintain its objectivity and

Independence, the Internal Audit function reports to the Chairman of the Audit Committee of the Board.

17. CORPORATE GOVERNANCE:

During the year under review, the provisions of Corporate Governance under Listing Regulations are not applicable to the Company.

18. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:

Pursuant to section 134 (3) (d) of the Companies Act, 2013, a statement shall be made on declaration given by Independent Directors under section 149 (6) of the Companies Act, 2013 in the Board report. The Board has received Declarations from the Independent Directors, as required under section 149 (7) of the Companies Act, 2013 stating the fulfillment of criteria mentioned in the Section 149(6) of the Companies Act, 2013.

19. NOMINATION AND REMUNERATION POLICY CRITERIA FOR SELECTION AND REMUNERATION OF DIRECTORS. KMP AND EMPLOYEES

The Nomination and Remuneration Committee of the Board, comprises of three Independent Non-Executive Directors namely Mr. Angitapalli Sreenivasulu Reddy, Mr. Venkata Lakshmi Reddy Sajjala and Ms. Tulasi Sajjala.

The key features of the Nomination and Remuneration Policy as framed by the Nomination and Remuneration Committee of the company are set out below:

• Selection criteria for Directors:

The company shall consider the following aspects while appointing a person as a Director on the Board of the company:

• Skills and Experience:

The candidate shall have appropriate skills and experience in one or more fields of finance, law, management, sales, marketing, administration, public administrative services, research, corporate governance, technical operations or any other discipline related to the companys business.

• Age Limit:

The candidate should have completed the age of twenty-one (21) years and should not have attained the age of seventy (70) years for appointment as Managing Director or Whole Time Director.

• Conflict of Interest: The candidate should not hold Directorship in any competitor company, and should not have any conflict of interest with the company.

• Directorship: The number of companies in which the candidate holds Directorship should not exceed the number prescribed under the Act.

• Independence: The candidate proposed to be appointed as Independent Director, should not have any direct or indirect material pecuniary relationship with the company and must satisfy the requirements imposed under the Act.

The policy provides that while appointing a Director to the Board, due consideration will be given to approvals of the Board and/or shareholders of the company in accordance with the Act.

20. REMUNERATION FOR DIRECTORS. KMP AND OTHER EMPLOYEES

The policy provides that the remuneration to Directors, KMP and other employees shall be based on the following key principles:

• Pay for performance: Remuneration of Executive Directors, KMP and other employees is a balance between fixed and incentive pay reflecting short and long term performance objectives appropriate to the working of the company and its goal. The remuneration of Non-Executive Directors shall be decided by the Board based on the profits of the company and industry bench marks.

• Balanced rewards to create sustainable value: The level and composition of remuneration is reasonable and sufficient to attract, retain and motivate the Directors and employees of the company and encourage behavior that is aligned to sustainable value creation.

• Competitive compensation: Total target compensation and benefits are comparable to peer companies in the industry and commensurate to the qualifications and experience of the concerned individual.

• Business Ethics: Strong governance processes and stringent risk management policies are adhered to, in order to safeguard our stake holders interest.

• The Nomination and Remuneration Policy may be accessed on the Companys website at the link:www.integratedthermo.com

21. TRANSFER TO RESERVES

During the financial year under review, no amount has been transferred to the general reserves.

22. MATERIAL CHANGES AND COMMITMENTS OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

There have been no material changes and commitments affecting the financial position of the Company which have occurred between the end of the financial year and the date of this report. The Company continues to operate in the ordinary course of business.

23. LISTING COMPLIANCE WITH REGULATORY REQUIREMENTS:

During the period following the end of the financial year and up to the date of this report, the Company has taken various steps to address past non-compliances and to move toward full compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations”).

During FY2024-25, the Company submitted a waiver application to BSE Limited for the waiver of SOP fines levied for non-compliance of certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (erstwhile SEBI Circulars dated January 22, 2020, May 03, 2018; November 30, 2015 and September 30, 2013) and seek the revocation of the Delisting Order issued by BSE Limited. Based on the Companys application, BSE has approved the partial waiver of the SOP fines and revoked the suspension of the trading of the Shares of the Company and the proposed Delisting Order on payment of SOP fines.

The Company has made a payment of ^83,40,085 towards SOP fines/penalties imposed by the BSE Limited (BSE).

Accordingly, BSE vide its Notice No. 20250310-3 dated March 10, 2025 revoked the suspension in trading of equity shares of the Company w.e.f. March 18, 2025.

The Company remains committed to maintaining strict compliance with all applicable regulatory requirements and continues to work proactively with the stock exchange and regulatory authorities.

24. DETAILS OF DEPOSITS UNDER CHAPTER V:

The company has not any accepted deposits from the members/public falling with in the meaning of section 73 and/or section76 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rule, 2014.

Accordingly, furnishing of the details of deposits which are not in compliance with the requirements of Chapter V of the Companies Act, 2013 does not arise.

25. MAINTENANCE OF COST RECORDS:

The requirement of maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013 is not applicable to the Company. Accordingly, the Company has not maintained such accounts and records for the financial year under review.

26. FORMAL ANNUAL EVALUATION MADE BY THE BOARD OF ITS OWN

PERFORMANCE AND OF ITS COMMITTEES AND INDIVIDUAL DIRECTORS:

Keeping in view the various provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, dealing with powers, duties and functions of the Board of the company, your company has adopted criteria for evaluating the performance of its Board, Committees and other said criteria contemplates evaluation of Directors including Independent Directors applicable from the financial year 2024-25. The said criteria contemplates evaluation of Directors based on their performance as directors apart from their specific role as independent, non-executive and executive directors as mentioned below:

a) Executive Directors, being evaluated as Directors as mentioned above, will also be evaluated on the basis of targets / Criteria given to Executive Directors by the Board from time to time as well as per their terms of appointment.

b) Independent Directors, being evaluated as a Director, will also be evaluated on meeting their obligations connected with their independence criteria as well as adherence with the requirements of Professional conduct, roles, functions and duties specifically applicable to Independent Directors as contained in Schedule IV to the Companies Act, 2013.

c) The criteria also specifies that the Board would evaluate each Committees performance based on the mandate on which the committee has been constituted and the contributions made by each member of the said committee in effective discharge of the responsibilities of the said committee. The Board of Directors of your company has made annual evaluation of its performance, its committees and directors for the financial year 2024-2 5 based on afore stated criteria.

27. DISCLOSURES:

• Audit Committee:

The Audit Committee has been duly constituted in compliance with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015 and comprises of following members :

1. Mr. Angitapalli Sreenivasulu Reddy, Non-Executive Independent Director - Chairman

2. Mr. Venkata Lakshmi Reddy Sajjala, Non-Executive Independent Director - Member

3. Ms. Tulasi Sajjala, Non-Executive Independent Director - Member. All the recommendations made by the Audit Committee were accepted by the board.

• Stakeholders Relationship Committee:

The Stakeholders Relationship Committee has been duly constituted in compliance with the provisions of the Companies Act, 2013 and SEBI (LODR)

Regulations, 2015 and comprises of following members :

1. Mr. Angitapalli Sreenivasulu Reddy, Non-Executive Independent Director - Chairman

2. Mr. Venkata Lakshmi Reddy Sajjala, Non-Executive Independent Director - Member.

3. Ms. Tulasi Sajjala, Non-Executive Independent Director - Member. The Committee is primarily entrusted with the responsibility of considering and resolving the grievances of security holders of the Company and to ensure effective redressal of their concerns.

• Vigil Mechanism:

The Vigil Mechanism of the company, which also in corporate a whistle blower policy in terms of SEBI (LODR) Regulations, 2015, includes vigilance and Ethics officer, senior executive of the company. Protected disclosures can be made by a whistle blower through an e-mail, or dedicated telephone line or a letter to the officer or to the Chairman of the Audit Committee. The Policy on vigil mechanism and whistle blower policy may be accessed on the Companys web site at the link: http://www.integratedthermo.com.

28. DETAILS PERTAINING TO REMUNERATION:

REMUNERATION 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:

> The percentage increase in remuneration of each Director and Chief Financial Officer during the financial year 2024-25 and ratio of the remuneration of each Director to the median remuneration of the employees of the company for the financial year 2024-25 are as under:

Sr. No. Name & Director/KMP an d Designation	Remuneration of Director/KMP for Financial Year 2024-25	% Increase in Remuneration in the Financial Year 2024-25	Ratio of Remuneration of each Director/to Median remuneration of employees
1 Mr. Angitapalli Sreenivasulu Reddy Non-Executive Independent (Director)	Nil	Not Applicable	Not Applicable
2 Mr. Venkata Lakshmi Reddy Sajjala (Non- Executive Independent Director	Nil	Not Applicable	Not Applicable
3 Mrs. Tulasi Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable
4 Mrs. Aravinda Rani Sannapureddy (NonExecutive Promoter Director)	Nil	Not Applicable	Not Applicable
5 Mr. Vydana Venkata Rao (Chief Financial Officer)	Nil	Not Applicable	Not Applicable
6 Mrs. Aruna Sajjala (Non- Executive Independent Director)	Nil	Not Applicable	Not Applicable

As the company is not paying any remuneration to the directors/KMPs, the median remuneration of employees of the company is not relevance for comparison.

29. 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 financial year under review:

a) Details relating to deposits covered under Chapter V of the Act.

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

c) Issue of Employee stock option Scheme.

d) Issue of shares (including sweat equity shares) to employees of the company under any scheme.

e) Neither the Whole Time Director nor the Directors of the company receive any remuneration or commission from any of its subsidiaries.

f) No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and companys operations in future.

Your Directors further state that during the financial year under review, there were no cases filed pursuant to the Sexual Harassment of Women at Work place (Prevention, Prohibition and Redressal) Act, 2013.

30. DIRECTORS RESPONSIBILITY STATEMENT:

Pursuant to the provisions of section 134(3) (c) of the Companies Act, 2013 the Board of Directors of your company hereby certifies and confirms that:

a) In the preparation of the Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material

departures;

b) 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 loss of the company for that year;

c) The Directors have 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;

d) The Directors have prepared the Annual accounts on a going concern basis;

e) The Directors, in the case of listed company, has laid down internal financial control to be followed by the company and that such internal financial control or adequate and operating effectively;

f) 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.

31. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE. 2016 f31 OF 20161 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

During the year under review, Company has not made any application or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).

32. THE 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

The requirement to disclose the details of difference between amount of the valuation done at the time of onetime settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof doesnt arise as the Company has not undertaken any One -time Settlement with its banks or financial institutions.

33. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT. 201 3:

The Board has not yet established Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Redressal) Act, 2013. Internal Complaints Committee (ICC) has to be set up to redress complaints received regarding sexual harassment.

34. ACKNOWLEDGEMENTS:

Your Directors gratefully acknowledge the support and co-operation extended by all the shareholders, customers, bankers, mutual funds, share brokers to your company during the year and look forward to their continued support.