Dear Shareholders,
The Board of Directors hereby submits the report of the business and operations of your
Company ("the Company" along with the audited financial statements, for the
financial year ended March 31,2023.
1. Financial Highlights:
(Rs. In Lakhs)
| Particulars |
2022-23 |
2021-22 |
| Revenue from Operations |
6365.33 |
4991.92 |
| Other Income |
95.28 |
42.41 |
| Total Revenue |
6460.61 |
5034.34 |
| Expenses: |
|
|
| Cost of materials consumed |
1803.65 |
1526.73 |
| Purchases of Stock-in-Trade |
2643.95 |
648.25 |
| Changes in inventories of finished goods work- in-progress and Stock-in-Trade |
(1130.94) |
(57.74) |
| Employee benefit expenses |
918.35 |
913.59 |
| Finance costs |
110.26 |
186.16 |
| Depreciation and amortization expenses |
196.81 |
167.56 |
| Other expenses |
1245.36 |
1297.93 |
| Total expenses |
5787.44 |
4682.48 |
| Profit /(Loss) before Tax |
673.17 |
351.86 |
| Less: Tax Expenses |
|
|
| Current Tax |
145.11 |
91.37 |
| Tax of earlier years (Net) |
5.42 |
5.63 |
| Deferred Tax Liability |
(6.95) |
8.96 |
| Profit for the period |
529.59 |
245.89 |
2. Companys Performance
The revenue from operations during the year 2022-23 has increased to Rs. 6,365.33 Lakhs
as compared to Rs. 4991.92 Lakhs in the last financial year. The Profit before tax is Rs.
673.17 Lakhs for FY 2022-23 as compared to Rs. 351.86 Lakhs in the last financial year.
The company has made profit of Rs. 529.59 Lakhs for FY 22-23 as compared to Rs. 245.89
Lakhs in the last financial year.
3. Management Discussion & Analysis
A detailed review of the operations, performance and future outlooks of the Company and
its businesses is given in the Management Discussion and Analysis Report which forms part
of this Report as Annexure I.
4. Directors and Key Managerial Personnel
In accordance with the requirements of the Act and the Companys Articles of
Association, Mrs. Preyal Ankur Shah DIN (06966962) retires by rotation and being eligible,
offers herself for re-appointment. Relevant resolutions (Ordinary and Special, as
applicable) seeking shareholders approval forms part of the Notice.
Pursuant to the provisions of Section 203 of the Act, the Key Managerial Personnel of
the Company as on March 31, 2023 are:
• Mr. Ankur Ashwin Shah - Managing Director
• Mr. Sandeep Kadam - Whole Time Director
• Mr. Piyush Patel- Chief Financial Officer
• Ms. Charmy Shah- Company Secretary and Compliance Officer The List of Directors
as on 31st March, 2023 are as under:
| Name of Director |
Category Cum Designation |
Date of Appointment |
No. of Shares held as on March 31,2023 |
| Mr. Ankur Ashwin Shah |
Managing Director |
10/09/2013 |
52,53,890 |
| Mr. Divyakant Ramniklal Zaveri |
Independent Director |
23/08/2021 |
- |
| Mr. Jaykumar Toshniwal |
Independent Director |
23/08/2021 |
- |
| Mrs. Preyal Ankur Shah |
Chairman & Non- Executive Director |
11/01/2022 |
84,000 |
| Mr. Sandeep Ramrao Kadam |
Whole-time Director |
11/03/2014 |
- |
5. Transfer to General Reserve
The Company does not propose to transfer any amount to the general reserve out of the
amount available for appropriation.
6. Dividend
In view of requirement of financial resources and considering the future requirements
of funds, your directors do not recommend any dividend on equity shares of the Company.
7. Change in Nature of Business:
During the year, the Company has not changed its business or object and continues to be
in the same line of business as per the main object of the Company.
8. Transfer of Unclaimed Dividend to Investor Education and Protection Fund
The provision of Section 125 does not apply to the Company as the Company has not
declared any dividend for the period under review.
9. Share Capital
Authorised Capital:
During the period under review the Company had increased its Authorized Share Capital
from Rs. 12,00,00,000 divided into 1,20,00,000 (One Crore Twenty Lakhs) Equity Shares of
Rs. 10 (Ten) Each to Rs. 15,00,00,000 divided into 1,50,00,000 (One Crore Fifty Lakhs)
Equity Shares of Rs. 10 (Ten) Each by passing Ordinary Resolution passed at Extraordinary
General Meeting of the members of the company held on 03rd January, 2023.
Issued, Subscribed & Paid-Up Capital:
In FY 22-23, the Company came out with the Initial Public Offer and hence, issued and
allotted 30,48,000 equity shares of Rs. 10 each at the premium of Rs. 29 per equity share.
Accordingly, paid-up share capital of the Company stood enhanced to Rs. 11,44,80,000
divided into 1,14,48,000 (One Crore Fourteen-Lakhs and Forty-Eight Thousand Only) Equity
Shares of Rs. 10/- Each. The Company got listed on the NSE EMERGE platform of National
Stock Exchange on April 06, 2022.
Further, during the period under review, your Company has not bought back any of its
securities / has not issued any Sweat Equity Shares / has not issued shares with
Differential Voting rights / has not issued any shares under Employee stock option plan
and there has been no change in the voting rights of the shareholder
lO.Preferential Issue
Pursuant to 62 (1) (c) read with Section 42 of Companies Act, 2013 and Chapter V of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018 and Special Resolution passed in Extra- Ordinary General Meeting dated
03rd January, 2023, the Company had issued 12,00,000 (Twelve lakhs only)
Convertible Warrants of the company, at a price of Rs. 140.00/- per Warrant each
convertible into, or exchangeable for, 1 (one) fully paid-up equity share of the Company
having face value of 10/- (Rupee Ten Only) at a premium of Rs. 130.00/- aggregating upto
Rs. 16,80,00,000/- (Rupees Sixteen Crores Eighty Lakhs only) ("Total Issue
Size") on a preferential basis to persons / entity listed below.
| Sr . No. Names of the proposed allottees |
Category |
Maximum Nos. of Warrants to be Allotted |
| A. Promoters/Promoter Grou |
|
|
| 1 Mrs. Preyal Ankur Shah |
Promoter Group |
2,52,000 |
| 2 Mrs. Pallavi Ashwin Shah |
Promoter Group |
1,02,000 |
| B. Others |
|
|
| 3 Mr. Ashish Ramesh Kacholia |
Non-Promoter -Public |
4,20,000 |
| 4 Mr. Sumesh Sajjankumar Parasrampuria |
Non-Promoter -Public |
99,000 |
| 5 Mr. Dilip Nanji Chheda |
Non-Promoter -Public |
99,000 |
| 6 M/s. Zyana Developers LLP |
Non-Promoter -Public |
99,000 |
| 7 M/s. Credent Asset Management Services Private Limited |
Non-Promoter -Public |
99,000 |
| 8 Mr. Mitul Prafulbhai Mehta |
Non-Promoter -Public |
30,000 |
ll.General Meetings
During the year under review, the following General Meetings were held, the details of
which are given as under:
| Sr. No Date of Meeting |
Type of Meeting |
| 01 28th September, 2022 |
Annual General Meeting |
| 02 30th January, 2023 |
Extra-Ordinary General Meeting |
12. Disclosure by Directors
The Directors on the Board have submitted notice of interest under Section 184(1) i.e.
in Form MBP 1, intimation under Section 164(2) i.e. in Form DIR 8 and declaration as to
compliance with the Code of Conduct of the Company.
13. Change in Registered Office
During the year, there was no change in Registered Office of the Company.
14. Material changes and commitment if any affecting the financial position of the
company occurred between the end of the financial year to which this financial statements
relate and the date of the report
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 of the Company to
which the financial statements relate and the date
of this Report.
15.Conversation of energy, technology absorption, foreign exchange earnings and outgo:
Information as required to be given under Section I34(3)(m) of the Act read with Rule
8(3) of the Companies (Accounts) Rules, 2014 is furnished in the annexure to this report
as Annexure II.
16.Statement concerning development and implementation of risk management policy of the
company
The Company has been taking proactive approach concerning the development and
implementation of a Risk Management Policy after identifying the following elements of
risks which in the opinion of the Board may threaten the very existence of the Company
itself. (a) financial; (b) legal and regulatory;(c) operating; and(d) commercial risks,
including health, safety and environment. The Company does not have any Risk Management
Committee as the Board takes into consideration all the risk factors at regular intervals
at its meetings.
17.Corporate social responsibility
During the Financial Year 22-23, provisions relating to Corporate Social Responsibility
under Section 135 of the Companies Act, 2013 were not applicable to the Company.
However, after end of the Financial Year the Company the provision of CSR became
applicable since the net profit of the Company exceed the thresholds specified in Section
135 of the Companies Act.
The members Details of CSR Committee is as under
| Sr.No. Name of Director/ Member |
Designation in Committee |
| 1. Mr Ankur Ashwin Shah |
Chairman |
| 2. Mr Divyakant Ramniklal Zaveri |
Member |
| 3. Mr Sandeep Ramrao Kadam |
Member |
18.Insurance
The Company has a broad-banded approach towards insurance. Adequate cover has been
taken for all movable and immovable assets against numerous risks and hazards.
19. Disclosure under the sexual harassment of women at workplace (prevention,
prohibition and redressal) act, 2013.
Your Company has always believed in providing a safe and harassment free workplace for
every women employee working with your Company. Your Company always endeavours to create
and provide an environment that is free from discrimination and harassment including
sexual harassment.
Your Company has a zero tolerance for sexual harassment at workplace and, therefore,
has in place a policy on prevention of sexual harassment at workplace. The said policy is
in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 and the Rules thereunder. There was no complaint
outstanding/ received from any employee during the financial year 2022-23 and hence, no
complaint is pending as on March 31,2023 for redressal.
20. Details of application made or any proceeding pending under insolvency and
bankruptcy code, 2016
During the year under Review, neither any application was made nor any proceedings were
pending under Insolvency and Bankruptcy Code, 2016.
21. 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
Not Applicable
22. Particulars of loans, guarantees or investments made under section 186 of the
companies act, 2013
The details of Loans given, Investments made and guarantees given and securities
provided under the Section 186 of the Companies Act, 2013 have been provided in the notes
to the Financial Statements.
23. Details of significant & material orders passed by the regulators or courts
There are no significant material orders passed by the Regulators / Courts which would
impact the going concern status of the Company and its future operations.
24. Maintenance of cost records and cost audit
Maintenance of Cost Records has been specified by the Central Government, under sub
-section (1) of section 148, of the Companies Act, 2013, and records has been made and
maintained for year under review. However, the provisions of cost audit are not applicable
to the Company.
25. Companys policy relating to directors appointment, payment of remuneration and
discharge of their duties
The Companys policy on Directors appointment and remuneration and other matters
provided in Section 178(3) of the Companies Act, 2013 is available on the website of the
Company at and have been displayed on website https://www.krishnaallied.com.
26. Formal annual evaluation
As per the provisions of Companies Act, 2013, every listed company and every other
public company having a paid up share capital of twenty five crore rupees or more
calculated at the end of the preceding financial year shall include, in the report by its
Board of directors, a statement indicating the manner in which formal annual evaluation
has been made by the Board of its own performance and that of its committees and
individual directors.
During the year under review the company had the paid up share capital less than twenty
five crore rupees hence the said provisions were not applicable to your company.
27.Statutory auditors
At the 8th Annual General Meeting held on 30.11.2021, M/s. CNK &
Associates LLP, Chartered Accountant (FRN: 101961W), were appointed as Statutory Auditors
of the Company to hold the office till the conclusion of the 13th Annual
General Meeting to be held in relation to the financial year ended on 31.03.2026. The
Report issued by M/s. CNK & Associates LLP, Chartered Accountant (FRN: 101961W),
Statutory Auditor for FY 2022-23 does not contain any qualification, reservation, adverse
remark or disclaimer.
28.Secretarial audit report
M/s. H. M. Mehta & Associates., Company Secretaries, Vadodara were appointed as
Secretarial Auditor of the Company to conduct secretarial audit pursuant to the provisions
of Section 204 of the Companies Act, 2013. The secretarial audit of the Company has been
conducted on a concurrent basis in respect of the matters as set out in the said rules and
Secretarial Audit Report given by M/s. H. M. Mehta & Associates., Company Secretaries,
Vadodara, Secretarial Auditor of the Company forms part of this report and is marked as
Annexure-III.
There are no qualifications, reservations or adverse remarks made by M/s. H. M. Mehta
& Associates., Company Secretaries, Vadodara, Secretarial Auditor of the Company, in
their report.
29. Annual return
In compliance with Section 92(3) and 134(3)(a) of the Act, Annual Return is uploaded on
Companys website and can be accessed at https://www.krishnaallied.com
30. Disclosure under rule-5 of the companies (appointment and remuneration) rules, 2014
Disclosure required under Section 197 of the Companies Act, 2013 read with Rule-5 of
the Companies (Appointment and remuneration) Rules, 2014 have been annexed as Annexure-
IV.
31. Particulars of contracts or arrangements made with related parties
Contracts or arrangements with related parties referred to under Section 188 of the
Act, entered into during the year under review, were on an arms length basis. No material
contracts or arrangements with related parties were entered into during the year under
review. Accordingly, no transactions are being reported in form AOC- 2 in terms of section
134 of the Act.
32. Corporate governance
As per regulation 15(2) of the Listing Regulation, the Compliance with the Corporate
Governance provisions shall not apply in respect of the following class of the Companies:
a. Listed entity having paid up equity share capital not exceeding Rs. 10 Crore and Net
worth not exceeding Rs. 25 Crore, as on the last day of the previous financial year;
b. Listed entity which has listed its specified securities on the SME Exchange.
Since, our Company falls in the ambit of aforesaid exemption (b); hence compliance with
the provisions of Corporate Governance shall not apply to the Company and it does not form
the part of the Annual Report for the financial year 2022-23.
33. Number of board meetings conducted during the year under review
The Board of the Company regularly meets to discuss various Business opportunities.
Additional Board meetings are convened, as and when required to discuss and decide on
various business policies, strategies and other businesses.
The Company had Nine Board meetings during the financial year under review:
| Sr. No Date of Meeting |
Number of Directors entitled to Attended Meeting |
No. of Directors Attended Meeting |
| 1 01.04.2022 |
6 |
6 |
| 2 27.05.2022 |
6 |
6 |
| 3 28.07.2022 |
5 |
4 |
| 4 24.08.2022 |
5 |
5 |
| 5 11.11.2022 |
5 |
5 |
| 6 03.01.2023 |
5 |
5 |
| 7 24.01.2023 |
5 |
5 |
| 8 08.02.2023 |
5 |
5 |
| 9 15.03.2023 |
5 |
5 |
34.Audit committee
The Audit Committee is duly constituted in accordance Section 177 of the Companies Act,
2013 read with Rule 6 of the Companies (Meetings of the Board and its Powers) Rules, 2014
& Regulation 18 of Listing Regulations as amended from time to time. It adheres to the
terms of reference which is prepared in compliance with Section 177 of the Companies Act,
2013.
The Company Secretary acts as the Secretary to the committee and the Committee Members
are:
| Name of Members |
Chairman/Member |
Nature of Directorship |
No. of Meeting Held |
No. of Meeting Attended |
| Mr. Divyakant RamniklalZaveri |
Chairman |
Independent Director |
8 |
8 |
| Mr. Jaykumar Toshniwal |
Member |
Independent Director |
8 |
8 |
| Mr. Ankur Ashwin Shah |
Member |
Managing Director |
8 |
8 |
Two third of the members are Independent Directors and all the members are financially
literate. The composition, role, functions and powers of the Audit Committee are in line
with the requirements of applicable laws and regulations. The Audit Committee shall
oversee financial reporting process and disclosures, review financial statements, internal
audit reports, related party transactions, financial and risk management policies,
auditors qualifications, compliance with Accounting Standards etc. and oversee compliance
with Stock Exchanges and legal requirements concerning financial statements and fixation
of audit fee as well as payment for other services etc.
During the year under review eight Audit Committee Meetings were held on 27-05-2022,
28-07-2022, 24-08-2022, 11- 11-2022, 03-01-2023, 24-01-2023, 08-02-2023,15-03-2023
35.Nomination and remuneration committee
The Nomination and Remuneration Committee is constituted in accordance with Section 178
of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of the Board and
its Powers) Rules, 2014 & Regulation 19 of Listing Regulationsas amended from time to
time.
The Company Secretary acts as the Secretary to the committee and the Committee Members
are:
| Name of Members |
Chairman/Member |
Nature of Directorship |
No. of Meeting Held |
No. of Meeting Attended |
| Mr. Divyakant RamniklalZaveri |
Chairman |
Independent Director |
2 |
2 |
| Mr. Jaykumar Toshniwal |
Member |
Independent Director |
2 |
2 |
| Mr. Preyal Ankur Shah |
Member |
Chairperson & Non Executive Director |
2 |
1 |
During the year under review two Nomination and Remuneration Committee Meetings were
held on 27-05-2023 & 24- 08-2023
36.Stakeholders relationship committee
The Stakeholders Relationship Committee was duly constituted and is in compliance with
the requirements of Section 178 of the Companies Act, 2013 & Regulation 20 of Listing
Regulations.
Company Secretary is the Compliance Officer, who acts as the Secretary to the Committee
and the Members of the Committee are:
| Name of Members |
Chairman/Member |
Nature of Directorship |
No. of Meeting Held |
No. of Meeting Attended |
| Mr. Jaykumar Toshniwal |
Chairman |
Independent Director |
2 |
2 |
| Mr. Divyakant Ramniklal Zaveri |
Member |
Independent Director |
2 |
2 |
| Mr. Sandeep Kadam Ramrao |
Member |
Whole-Time Director |
2 |
1 |
The Stakeholders Relationship Committee looks into shareholders complaints related to
transfer of shares, non-receipts of balance sheet besides complaints from SEBI, Stock
Exchanges, Court and various Investor Forums. It oversees the performance of the
Registrars and Transfer Agent, and recommends measures for overall improvement in the
quality of investor services. The Company is in compliance with the SEBI SCORES, which has
initiated by SEBI for processing the investor complaints in a centralized web-based
redress system and online redressal of all the shareholders complaints.
During the year under review no grievances were received based on the reports from
Bigshare Services Private Limited.
37.Subsidiaries, joint ventures and associate companies
The Company does not have any Subsidiary, Joint venture or Associate Company.
38.Cost auditors
As the overall turnover from all the products and services was not more than Rs. 100.00
crores during the immediately preceding financial year, the provisions in respect of Cost
Audit are not applicable to the Company in terms of Rule 4 of the Companies (Cost Records
and Audit) Rules, 2014.
39. Compliance officer
The Compliance Officer of the company is Ms. Charmy Shah who is the designated Company
Secretary of the Company.
40. Registrar and share transfer agent
The Company has appointed Bigshare Services Private Limited as its Registrar and Share
Transfer Agent.
41.Internal auditor
M/s Shilmi J Patel & Co. Chartered Accountants, Vadodara, FRN-154683W, Internal
Auditor of the Company has conducted periodic audit of operations of the Company. The
Audit Committee of the Board of Directors has reviewed the findings of Internal Auditors
regularly.
42.Internal control systems & their adequacy
Internal controls encompass a set of rules, policies and procedures to provide
reasonable assurance for achievement of the organizational objectives in operational
effectiveness and efficiency, reliable financial reporting and compliance with laws,
regulations and policies. Your Companys internal control systems are commensurate with
the size and nature of its operations, which records transactions and operations; ensures
protection against misuse or loss of the Companys assets; ensures efficiency in
operations of the plant and facilitates transparency and accuracy of financial reporting.
The reports of the Internal Auditor are reviewed by the Audit Committee. The Audit
Committee also reviews adequacy of internal controls, system and procedures, insurance
coverage of assets from various risks and steps are taken to manage foreign currency
exposures. The Audit Committee also interacts with Internal Auditors and Statutory
Auditors of the Company to ensure compliance of various observations made during the
conduct of audits and adequacy of various controls.
43. Deposits
The Company has not invited deposit from members or public.
44. Website
The corporate website is https://www.krishnaallied.com reflecting the details and
business of the company. Also, the website displays financial & corporate information.
45. Declaration of independent directors
The Company has received the necessary declaration from each Independent Director in
accordance with Section 149(7) of the Act and Regulations 16(1) (b) and 25(8) of the SEBI
Listing Regulations, that he/she meets the criteria of independence as laid out in Section
149(6) of the Act and Regulations 16(1)(b) of the SEBI Listing Regulations. In the opinion
of the Board, there has been no change in the circumstances which may affect their status
as Independent Directors of the Company and the Board is satisfied of the integrity,
expertise, and experience (including proficiency in terms of Section 150(1) of the Act and
applicable rules thereunder) of all Independent Directors on the Board.
Further, in terms of Section 150 read with Rule 6 of the Companies (Appointment and
Qualification of Directors) Rules, 2014, as amended, Independent Directors of the Company
have included their names in the data bank of Independent Directors maintained with the
Indian Institute of Corporate Affairs.
The Board of directors of the Company has taken on record the declaration and
confirmation submitted by the independent directors after undertaking due assessment of
the veracity of the same. There has been no change in the circumstances affecting their
status as Independent Directors of the Company.
46. Directors Responsibility Statement
Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the
Company confirms that-
(a) In the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
(b) The directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit and loss of the company for that period;
(c) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;
(d) The directors had prepared the annual accounts on a going concern basis; and
(e) the directors had laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively. Internal financial control means the policies and procedures adopted by the
Company for ensuring the orderly and efficient conduct of its business including adherence
to Companys policies, the safeguarding of its assets, the prevention and detection of
frauds and errors, the accuracy and completeness of the accounting records and the timely
preparation of reliable financial information.
(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.
47.Details in respect of frauds reported by auditors
During the year under review, there were no frauds reported by the Company or fraud on
the Company by the officers and employees of the Company has been noticed or reported or
no fraud are reported by the auditors to the Audit Committee or the Board under section
143(12) of the Companies Act, 2013.
48.Secretarial standards of icsi
Your company has complied with the provisions of Secretarial Standards issued by
Institute of Company Secretaries of India.
49.Vigil mechanism / whistle blower policy
The Company has adopted the whistle blower mechanism for directors and employees to
report concerns about unethical behavior, actual or suspected fraud, or violation of the
Companys code of conduct and ethics. The Company has a "VIGIL MECHANISM / WHISTLE
BLOWER POLICY", the copy of which is available on the website of the Company, namely
https://www.krishnaallied.com
50.Safety & environment
The Company is committed to providing a safe and healthy working environment and
achieving an injury and illness free work place.
51. Listing fees
The Equity Shares of the Company are listed on NSE - NEAPS Segment and the Company has
paid the annual listing fees for the year 2023-2024.
52. Human resource
Your Company considers its Human Resource as the key to achieve its objective. Keeping
this in view, your Company takes utmost care to attract and retain quality employees. Your
Company appreciates the spirit of its dedicated employees.
53. Green initiatives
In commitment to keep in line with the Green Initiatives and going beyond it,
electronic copy of the Notice of 12th
KR
Annual General Meeting of the Company including the Annual Report for Financial Year
2022-23 are being sent to all Members whose e-mail addresses are registered with the
Company/ Depository Participant(s).
54.Acknowledgements
The Board of Directors is grateful and wish to record its appreciation for the
co-operation and support of the shareholders of the Company, Bankers of the Company,
clients of the Company and all employees including the workers, staff and management and
all others concerned with the Companys business.
Your directors gratefully acknowledge the on-going support and co-operation provided by
Central and State Government, Stock Exchange, SEBI, NSDL, CDSL and other regulatory
bodies.
|
By Order of the Board of Directors |
|
Krishna Defence and Allied Industries Limited |
|
Sd/- |
Sd/- |
| Place: Mumbai |
Ankur Shah |
Preyal Shah |
| Date: 05-09-2023 |
Managing Director |
Chairperson and Non-Executive Director |
|
DIN:01166537 |
DIN: 06966962 |
+91-9892691696
