Monarch Surveyors and Engineering Consultants Ltd Directors Report

OUR MANAGEMENT

In accordance with our Articles of Association, unless otherwise determined in a general meeting of the Company and subject to the provisions of the Companies Act, 2013 and other applicable rules, the number of Directors of the Company shall not be less than 3 (three) and not more than 15 (fifteen). As on the date of this Red Herring Prospectus, Our Company currently has 8 (Eight) directors on our Board, of which 5 (Five) Directors are Executive directors and rest of the 3 (Three) Directors are Independent Director.

1. Mr. Dattatraya Mohaniraj Karpe	- Managing Director
2. Mr. Sanjay Bhalchandra Vidwans	- Whole Time Director
3. Mr. Sunil Shrikrishna Bhalerao	- Whole Time Director
4. Mr. Bhartesh Rajkumar Shah	- Whole Time Director
5. Mrs. Usha Sunil Kokare	- Executive Director
6. Mr. Sanjay Bhaskarrao Mahashabde	- Independent Director
7. Mr. Sakharam Bhagwanrao Tamsekar	- Independent Director
8. Mr. Anil Sadashiv Shelar	- Independent Director and Chairman

The Following table sets forth details regarding the Board of Directors as on the date of this Red Herring Prospectus.

MR. DATTATRAYA MOHANIRAJ KARPE
Fathers Name	Mr. Mohaniraj Rabhaji Karpe
DIN	01155398
Date of Birth	September 17, 1964
Age	60 Years
Designation	Managing Director
Status	Executive
Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth, Pune in the year 1991.
No. of Years of Experience Address	He is having 25 years of experience in the Civil Engineering. A-403, Victoria Garden, Near Agakhan Palace, Kalyaninagar, Pune City, Yerawada, Pune- 411006, Maharashtra, India
Occupation	Business
Nationality	Indian
Date of Appointment	He was appointed as a Director of the Company since incorporation of the Company w.e.f July 20, 1999. Subsequently, he was appointed as Managing Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.	Currently, he holds the position of Managing Director liable to retire by rotation for period of 5 (Five) years w.e.f. August 08, 2024.
Other Directorships	NIL
MR. SANJAY BHALCHANDRA VIDWANS
Fathers Name	Mr. Bhalchandra Vidwans
DIN	01176275
Date of Birth	April 04, 1970
Age	55 years
Designation	Whole-Time Director
Status	Executive
Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
No. of Years of Experience	He is having 25 years of experience in the Civil Engineering and Financial Management.
Address	A-401, Treasure Park, Sant Nagar, Pune City, Pune-411009, Maharashtra, India
Occupation	Business
Nationality	Indian
Date of Appointment	He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.

 

MR. SANJAY BHALCHANDRA VIDWANS
Term of Appointment and date of expiration of current term of office.	Currently, he holds the position of Whole-Time Director liable to retire by rotation for period of 5 (Five) years w.e.f. August 08, 2024.
Other Directorships	NIL
MR. SUNIL SHRIKRISHNA BHALERAO
Fathers Name	Mr. Shrikrishna Bhalerao
DIN	01176330
Date of Birth	April 06, 1969
Age	56 Years
Designation	Whole-Time Director
Status	Executive
Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
No. of Years of Experience Address	He is having 25 years of experience in the Civil Engineering and Administration. B1-804, Mandke Advantage Homes, Lulla Nagar, Wanoworie, near Sapna Pav Bhaji Center, Pune City, Wanoworie-411040, Maharashtra, India
Occupation	Business
Nationality	Indian
Date of Appointment	He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.	Currently, he holds the position of Whole-Time Director liable to retire by rotation for period of 5 (Five) years w.e.f. August 08, 2024.
Other Directorships	NIL
MR. BHARTESH RAJKUMAR SHAH
Fathers Name	Mr. Rajkumar Shah
DIN	01176236
Date of Birth	March 01, 1969
Age	56 Years
Designation	Whole-Time Director
Status	Executive
Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
No. of Years of Experience	He is having 25 years of experience in the Project Management.
Address	C-52, Padmavati Nagar, Pune-Satara Road, Near Sambhaji Nagar, Dhankawadi, Pune City,
	Pune-411043, Maharashtra, India
Occupation	Business
Nationality	Indian
Date of Appointment	He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.	Currently, he holds the position of Whole-Time Director liable to retire by rotation for period of 5 (Five) years w.e.f. August 08, 2024.
Other Directorships	NIL
MRS. USHA SUNIL KOKARE
Fathers Name	Mr. Sivaranan Sivasubramaniumm
DIN	10498061
Date of Birth	July 23, 1977
Age	47 Years
Designation	Executive Director
Status	Executive

 

MRS. USHA SUNIL KOKARE
Qualification	She has completed her degree of Bachelor of Commerce from University of Pune in the year 1997 and diploma in Business Management from Prin, L.N. Welingkar Institute of Management Development & Research in the year 2000.
No. of Years of Experience	She has 8 years of experience in Human Resource Management.
Address	B No. 11, Flat No. 10, Pratik Nagar, Near Ganpati Mandir, Yerwada, Pune City-411006, Maharashtra, India
Occupation	Service
Nationality	Indian
Date of Appointment	She was appointed as an Additional Director of the Company by the Board of Directors in their board meeting held on February 08, 2024 with effect from February 08, 2024. Later, she was regularised as an Executive Director in Extraordinary General Meeting of the company held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.	Currently, she holds the position of Executive Director liable to retire by rotation w.e.f. February 08, 2024.
Other Directorships	Mounarch Tech Solutions and Systems Private Limited
MR. SANJAY BHASKARRAO MAHASHABDE
Fathers Name	Mr. Bhaskarrao Shankarro Mahashabde
DIN	02116831
Date of Birth	February 23, 1964
Age	61 Years
Designation	Independent Director
Status	Non-Executive
Qualification	He has completed Bachelor of Architecture from Nagpur University in the year 1987.
No. of Years of Experience	He is having 19 years of experience in the field of Architecture and Vaastu Consultancy.
Address	D-1102, Kumar Puram, Behind DSK Chandradeep Mukundnagar, Pune City, Market Yard,
	Pune-411037, Maharashtra, India
Occupation	Business
Nationality	Indian
Date of Appointment	He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.	Currently, he holds the position of Independent Director, not liable to retire by rotation for period of 5 (Five) years w.e.f February 28, 2024.
Other Directorships	Auspi-Watch Concepts Private Limited
	Vaidic Sanskar Architectonics (India) Private Limited
MR. SAKHARAM BHAGWANRAO TAMSEKAR
Fathers Name	Mr. Bhagwan Devidasrao Tamsekar
DIN	07357229
Date of Birth	December 25, 1958
Age	66 Years
Designation	Independent Director
Status	Non-Executive
Qualification	He has completed his degree of Bachelor of Engineering (Civil) from Marathwada University in the year 1980 and degree of Master of Technology (Civil) from Indian Institute of Technology Bombay in the year 1982.
No. of Years of Experience	He is having 38 years of experience in the field of Civil Engineering.
Address	Flat No. 701, Vishwakarma Co-op HSG, Society 54, Rambag Colony, Paud Road, Shiv Chaitanya Sabhagruh, Kothrud, Pune-411038, Maharashtra, India
Occupation	Service
Nationality	Indian
MR. SAKHARAM BHAGWANRAO TAMSEKAR
Date of Appointment		He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.		Currently, he holds the position of Independent Director, not liable to retire by rotation for period of 5 (Five) years w.e.f February 28, 2024.
Other Directorships		Citrala Agro Farms Private Limited
MR. ANIL SADASHIV SHELAR
Fathers Name		Mr. Sadashiv Yamanaji Shelar
DIN		10518393
Date of Birth		March 05, 1962
Age		63 Years
Designation		Independent Director and Chairman
Status		Non-Executive
Qualification		He has completed Master of Technology (Civil Town and Country Planning) from University of Pune in the year 2005.
No. of Years of Experience Address		He is having 33 years of experience as professor of teaching in diploma and degree level. Opp. RTO, L2/108, Hariganga Alandi Road, Yerwada, Pune 06, Pune City, Yerawada- 411006, Maharashtra, India
Occupation		Service
Nationality		Indian
Date of Appointment		He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024. Further, he was appointed as Chairman at Board Meeting of the company held on August 08, 2024.
Term of Appointment and date of expiration of current term of office.		Currently, he holds the position of Independent Director, not liable to retire by rotation for period of 5 (Five) years w.e.f February 28, 2024.
Other Directorships		NIL

As on the date of the Red Herring Prospectus

A. None of the above-mentioned Directors are on the RBI List of wilful defaulters or Fraudulent Borrowers

B. None of the Promoters, persons forming part of our Promoter Group, our directors or persons in control of our Company or our Company are debarred from accessing the capital market by SEBI. C. None of the Promoters, Directors or persons in control of our Company, has been or is involved as a promoter, director or person in control of any other company, which is debarred from accessing the capital market under any order or directions made by SEBI or any other regulatory authority.

D. None of our Directors are/were director of any company whose shares were delisted from any stock exchange(s) up to the date of filling of this Red Herring Prospectus.

E. None of Promoters or Directors of our Company are a fugitive economic offender.

F. None of our Directors are/were director of any company whose shares were suspended from trading by stock exchange(s) or under any order or directions issued by the stock exchange(s)/ SEBI/ other regulatory authority in the last five years.

G. In respect of the track record of the directors, there have been no criminal cases filed or investigations being undertaken with regard to alleged commission of any offence by any of our directors and none of our directors have been charge-sheeted with serious crimes like murder, rape, forgery, economic offence.

RELATIONSHIP BETWEEN THE DIRECTORS

There is no relationship between any of the Directors of our Company as on date of filling of Red Herring Prospectus.

ARRANGEMENT AND UNDERSTANDING WITH MAJOR SHAREHOLDERS, CUSTOMERS, SUPPLIERS AND OTHERS

There is no arrangement or understanding with major shareholders, customers, suppliers or others, pursuant to which any of the above-mentioned Directors was selected as director or member of senior management.

SERVICE CONTRACTS

None of our directors have entered into any service contracts with our company and no benefits are granted upon their termination from employment other than the statutory benefits provided by our company. However, Executive Directors of our Company are appointed for specific terms and conditions for which no formal agreements are executed, however their terms and conditions of appointment and remuneration are specified and approved by the Board of Directors and Shareholders of the Company.

Except statutory benefits upon termination of their employment in our Company or retirement, no officer of our Company, including the directors and key Managerial personnel, are entitled to any benefits upon termination of employment.

BORROWING POWERS OF THE BOARD OF DIRECTORS

Pursuant to a special resolution passed at an Extra Ordinary General Meeting of our Company held on August 08, 2024 and pursuant to provisions of Section 180(1)(c) and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder, the Board of Directors of the Company be and are hereby authorized to borrow monies from time to time, any sum or sums of money on such security and on such terms and conditions as the Board may deem fit, notwithstanding that the money to be borrowed together with the money already borrowed by our Company may exceed in the aggregate, its paid up capital and free reserves and security premium (apart from temporary loans obtained / to be obtained from bankers in the ordinary course of business), provided that the outstanding principal amount of such borrowing at any point of time shall not exceed in the aggregate of 100 Crores (Rupees One Hundred Crores only).

BRIEF PROFILE OF OUR DIRECTORS

Mr. Dattatraya Mohaniraj Karpe

Mr. Dattatraya Mohaniraj Karpe aged 60 years is Promoter and Managing Director of the company. He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991. He is having around 25 years of experience in the Civil Engineering. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Managing Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.

Mr. Sanjay Bhalchandra Vidwans

Mr. Sanjay Bhalchandra Vidwans aged 55 years is Promoter and Whole Time Director of the company. He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991. He is having around 25 years of experience in the Civil Engineering and Financial Management. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole Time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.

Mr. Sunil Shrikrishna Bhalerao

Mr. Sunil Shrikrishna Bhalerao aged 56 years is Promoter and Whole Time Director of the company. He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991. He is having around 25 years of experience in the Civil Engineering and Administration. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole Time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.

Mr. Bhartesh Rajkumar Shah

Mr. Bhartesh Rajkumar Shah aged 56 years is the Promoter and Whole Time Director of the Company. He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991. He is having around 25 years of experience in the Project Management. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole Time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024.

Mrs. Usha Sunil Kokare

Mrs. Usha Sunil Kokare aged 47 years is Executive Director of the company. She has completed her degree of Bachelor of Commerce from University of Pune in the year 1997 and diploma in Business Management from Prin, L.N. Welingkar Institute of Management Development & Research in the year 2000. She has around 8 years of experience in Human Resource Management. She was appointed as an Additional Director of the Company by the Board of Directors in their board meeting held on February 08, 2024 with effect from February 08, 2024. Later, she was regularised as an Executive Director in Extraordinary General Meeting of the company held on August 08, 2024.

Mr. Sanjay Bhaskarrao Mahashabde

Mr. Sanjay Bhaskarrao Mahashabde aged 61 years is an Independent Director of the company. He has completed Bachelor of Architecture from Nagpur University in the year 1987. He is having around 19 years of experience in the field of Architecture and Vaastu Consultancy. He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024.

Mr. Sakharam Bhagwanrao Tamsekar

Mr. Sakharam Bhagwanrao Tamsekar aged 66 years is an Independent Director of the company. He has completed his degree of Bachelor of Engineering (Civil) from Marathwada University in the year 1980 and degree of Master of Technology (Civil) from Indian Institute of Technology Bombay in the year 1982. He is having around 38 years of experience in the field of Civil Engineering. He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024.

Mr. Anil Sadashiv Shelar

Mr. Anil Sadashiv Shelar aged 63 years is an Independent Director and Chairman of the company. He has completed Master of Technology (Civil Town and Country Planning) from University of Pune in the year 2005. He is having around 33 years of experience as professor of teaching in diploma and degree level. He was appointed as an Additional Director (Independent) of the Company by the Board of Directors in their board meeting held on February 28, 2024 with effect from February 28, 2024 for a period of 5 (Five) years, not liable to retire by rotation. Later, he was regularised as an Independent Director in Extraordinary General Meeting of the company held on August 08, 2024. Further, he was appointed as Chairman at Board Meeting of the company held on August 08, 2024.

COMPENSATION AND BENEFITS TO THE MANAGING DIRECTORS AND WHOLETIME DIRECTOR ARE AS FOLLOWS: -

Name	Dattatraya Mohaniraj Karpe	Sanjay Bhalchandra Vidwans	Sunil Shrikrishna Bhalerao	Bhartesh Rajkumar Shah
Designation	Managing Director He was appointed as a Director of the Company since incorporation of the	Whole Time Director He was appointed as a Director of the Company since incorporation of the	Whole Time Director He was appointed as a Director of the Company since incorporation of the Company on July 20,	Whole Time Director He was appointed as a Director of the Company since incorporation of the
Date of Appointment/	Company on July 20, 1999. Subsequently, he	Company on July 20, 1999. Subsequently, he	1999. Subsequently, he was appointed as Whole-	Company on July 20, 1999. Subsequently, he
Change in Designation	was appointed as Managing Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. 5 (Five) years w.e.f.	was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. 5 (Five) years w.e.f.	time Director for a period of five years in Extra- ordinary General Meeting held on August 08, 2024. 5 (Five) years w.e.f.	was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. 5 (Five) years w.e.f.
Period	August 08, 2024 and liable to retire by rotation.	August 08, 2024 and liable to retire by rotation.	August 08, 2024 and liable to retire by rotation.	August 08, 2024 and liable to retire by rotation.

 

Salary	Basic Salary upto Rs. 90.00 Lakhs per annum	Basic Salary upto Rs. 90.00 Lakhs per annum	Basic Salary upto Rs. 90.00 Lakhs per annum	Basic Salary upto Rs. 90.00 Lakhs per annum
Bonus	-	-	-	-
Perquisite/Benefits	-	-	-	-
Commission:	-	-	-	-
Compensation/ remuneration paid during the F.Y. 2024-25	62.78 Lakhs per annum	62.78 Lakhs per annum	62.78 Lakhs per annum	62.78 Lakhs per annum

SITTING FEES PAYABLE TO NON-EXECUTIVE DIRECTORS

The Board of Directors has decided to pay sitting fees of upto 15000 per meeting of the Board including Meetings of the

Committees to independent directors vide appointment letter dated February 28, 2024.

SHAREHOLDING OF DIRECTORS

The shareholding of our directors as on the date of this Red Herring Prospectus is as follows:

Sr. No.	Name of Directors	No. Equity Shares held	Category/ Status
1.	Mr. Dattatraya Mohaniraj Karpe	25,59,290	Managing Director
2.	Mr. Sanjay Bhalchandra Vidwans	25,59,290	Whole Time Director
3.	Mr. Sunil Shrikrishna Bhalerao	25,59,290	Whole Time Director
4.	Mr. Bhartesh Rajkumar Shah	25,59,290	Whole Time Director
5.	Mrs. Usha Sunil Kokare	Nil	Executive Director
6.	Mr. Sanjay Bhaskarrao Mahashabde	Nil	Independent Director
7.	Mr. Sakharam Bhagwanrao Tamsekar	Nil	Independent Director
8.	Mr. Anil Sadashiv Shelar	Nil	Independent Director

INTEREST OF DIRECTORS

All the non-executive directors of the company may be deemed to be interested to the extent of fees, payable to them for attending meetings of the Board or Committee if any as well as to the extent of other remuneration, Professional fees, and/or reimbursement, of expenses payable to them as per the applicable laws.

The directors may be regarded as interested in the shares and dividend payable thereon, if any, held by or that may be subscribed by and allotted/transferred to them or the companies, firms and trust, in which they are interested as directors, members, partners and or trustees. All directors may be deemed to be interested in the contracts, agreements/arrangements to be entered into by the issuer company with any company in which they hold directorships or any partnership or proprietorship firm in which they are partners or proprietors as declared in their respective declarations.

Executive Director is interested to the extent of remuneration paid to them for services rendered to the company and also payment of interest on unsecured loan and lease rent.

Except as stated under Chapter titled "Restated Financial Information" beginning on page 179 of the Red Herring Prospectus, our company has not entered into any contracts, agreements or arrangements during the preceding two years from the date of the Red Herring Prospectus in which our directors are interested directly or indirectly.

CHANGES IN THE BOARD OF DIRECTORS DURING THE LAST THREE YEARS

Name of Key Managerial Personnel	Date of Event	Nature of Event	Reason for the changes
Mr. Bhartesh Rajkumar Shah	August 08, 2024	Change in Designation	His Designation was changed to Whole-Time Director of the Company from Director of the company.
Mr. Sanjay Bhalchandra Vidwans	August 08, 2024	Change in Designation	His Designation was changed to Whole-Time Director of the Company from Director of the company.
Mr. Sunil Shrikrishna Bhalerao	August 08, 2024	Change in Designation	His Designation was changed to Whole-Time Director of the Company from Director of the company.
Mr. Dattatraya Mohaniraj Karpe	August 08, 2024	Change in Designation	His Designation was changed to Managing Director of the Company from Director of the company.
Mrs. Usha Sunil Kokare	August 08, 2024	Change in Designation	Her Designation was changed to Executive Director of the Company from Additional Director of the company.
Mr. Sanjay Bhaskarrao Mahashabde	August 08, 2024	Change in Designation	His Designation was changed to Independent Director of the Company from Additional Independent Director of the company.
Mr. Sakharam Bhagwanrao Tamsekar	August 08, 2024	Change in Designation	His Designation was changed to Independent Director of the Company from Additional Independent Director of the company.
Mr. Anil Sadashiv Shelar	August 08, 2024	Change in Designation	His Designation was changed to Independent Director and Chairman of the Company from Additional Independent Director of the company.
Mr. Sanjay Bhaskarrao Mahashabde	February 28, 2024	Appointment	He has been appointed as an Additional Independent Director of the company.
Mr. Sakharam Bhagwanrao Tamsekar	February 28, 2024	Appointment	He has been appointed as an Additional Independent Director of the company.
Mr. Anil Sadashiv Shelar	February 28, 2024	Appointment	He has been appointed as an Additional Independent Director of the company.
Mrs. Usha Sunil Kokare	February 8, 2024	Appointment	She has been appointed as an Additional Director of the company.

CORPORATE GOVERNANCE

In additions to the applicable provisions of the Companies Act, 2013 with respect to the Corporate Governance, provisions of the SEBI Listing Regulations will be applicable to our company immediately up on the listing of Equity Shares on the Stock Exchanges.

As on date of this Red Herring Prospectus , as our Company is coming with an issue in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018, the requirements specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V of SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015 are not applicable to our Company, although we require to comply with requirement of the Companies Act, 2013 wherever applicable. In spite of certain regulations and schedules of SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015 is not applicable to our Company, our Company endeavours to comply with the good corporate governance and accordingly certain exempted regulations have been compiled by our Company.

Our Company has complied with the corporate governance requirement, particularly in relation to appointment of independent directors including woman director on our Board, constitution of an Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee. Our Board functions either on its own or through committees constituted thereof, to oversee specific operational areas.

Composition of Board of Directors

Currently our Board is consisting of 8 (Eight) directors on our Board, of which 5 (Five) Directors are Executive directors and rest of the 3 (Three) Directors are Independent Director.

Composition of Board of Directors is set forth in the below mentioned table:

Sr. No.	Name of Directors	Designation	Status	DIN
1.	Mr. Dattatraya Mohaniraj Karpe	Managing Director	Executive	01155398
2.	Mr. Sanjay Bhalchandra Vidwans	Whole-Time Director	Executive	01176275
3.	Mr. Sunil Shrikrishna Bhalerao	Whole-Time Director	Executive	01176330
4.	Mr. Bhartesh Rajkumar Shah	Whole-Time Director	Executive	01176236
5.	Mrs. Usha Sunil Kokare	Executive Director	Executive	10498061
6.	Mr. Sanjay Bhaskarrao Mahashabde	Independent Director	Non-Executive	02116831
7.	Mr. Sakharam Bhagwanrao Tamsekar	Independent Director	Non-Executive	07357229
8.	Mr. Anil Sadashiv Shelar	Independent Director & Chairman	Non-Executive	10518393

Constitution of Committees

Our company has constituted the following Committees of the Board:

1. Audit Committee

2. Stakeholders Relationship Committee 3. Nomination and Remuneration Committee 4. Corporate Social Responsibility Committee

Details of composition, terms of reference etc. of each of the above committees are provided hereunder:

1. Audit Committee:

The Board of Directors of our Company has, in pursuance to provisions of Section 177 of the Companies Act, 2013, or any subsequent modification(s) or amendment(s) thereof in its Meeting held on August 20, 2024 constituted Audit Committee. The constitution of the Audit Committee is as follows:

Name of the Directors	Designation	Nature of Directorship
Mr. Anil Sadashiv Shelar	Chairperson	Independent Director
Mr. Sakharam Bhagwanrao Tamsekar	Member	Independent Director
Mr. Sanjay Bhalchandra Vidwans	Member	Whole-Time Director

Our Company Secretary and Compliance officer will act as the secretary of the Committee. Terms of Reference The Role of Audit Committee not limited to but includes: -

i. The recommendation for the appointment, re-appointment and, if required, the replacement or removal of the Statutory auditor, their remuneration and fixation of terms of appointment of the Auditors of the Company; ii. Review and monitor the auditors independence and performance, and effectiveness of audit process; iii. Examination of financial statement and auditors report thereon including interim financial results before submission to the Board of Directors for approval particularly with respect to; a. matters required to be included in the directors responsibility statement to be included in the boards report in terms of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013 b. Changes, if any, in accounting policies and practices and reasons for the same c. Major accounting entries involving estimates based on the exercise of judgment by management d. Significant adjustments made in the financial statements arising out of audit findings e. Compliance with listing and other legal requirements relating to financial statements f. Disclosure of any related party transactions g. Qualifications in the draft audit report. iv. Approval or any subsequent modification of transactions of the Company with related party;

Provided that the Audit Committee may make omnibus approval for related party transactions proposed to be entered in to by the Company subject to such conditions provided under the Companies Act, 2013 or any subsequent modification(s) or amendment(s) thereof; Provided further that in case of transaction, other than transactions referred to in section 188 of Companies Act 2013 or any subsequent modification(s) or amendment(s) thereof, and where Audit Committee does not approve the transaction, it shall make its recommendations to the Board;

Provided also that in case any transaction involving any amount not exceeding one crore rupees is entered into by a director or officer of the company without obtaining the approval of the Audit Committee and it is not ratified by the Audit Committee within three months from the date of the transaction, such transaction shall be voidable at the option of the Audit Committee; v. Reviewing, with the management, and monitoring the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document/ prospectus/notice and the report submitted by the monitoring agency monitoring the utilization of proceeds of a public or rights issue, and making appropriate recommendations to the Board to take up steps in this matter; vi. Scrutiny of Inter-corporate loans and investments; vii. Consider and comment on rationale, cost-benefits and impact of schemes involving merger, demerger, amalgamation etc., on the listed entity and its shareholders; viii. Reviewing and discussing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board; ix. To review the functioning of the Whistle Blower mechanism, in case the same is existing; x. Valuation of undertakings or assets of the company, where ever it is necessary; xi. Evaluation of internal financial controls and risk management systems and reviewing with the management, performance of statutory & internal auditors, and adequacy of the internal control systems; xii. reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit and discussion with internal auditors of any significant findings and follow up there on; xiii. discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern; xiv. approval of payment to statutory auditors for any other services rendered by the statutory auditors; xv. To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors; xvi. Approval of appointment of CFO (i.e., the whole-time Finance Director or any other person heading the finance function or discharging that function) after assessing the qualifications, experience & background, etc. of the candidate; and xvii. Carrying out any other function as assigned by the Board of Directors & other matters as may be required by any statutory, contractual or other regulatory requirements to be attended to by such committee from time to time.

Review of Information

i. Management discussion and analysis of financial condition and results of operations. ii. Management letters / letters of internal control weaknesses issued by the statutory auditors; iii. Internal audit reports relating to internal control weaknesses; and iv. The appointment, removal and terms of remuneration of the Internal Auditor.

Powers of Committee

i. To investigate any activity within its terms of reference; ii. To seek information from any employees; iii. To obtain outside legal or other professional advice; and iv. To secure attendance of outsiders with relevant expertise, if it considers necessary.

Quorum and Meetings

The audit committee shall meet as often as necessary subject to minimum 4 times in financial years. The quorum of the meeting of the Audit Committee shall be one third of total members of the Audit Committee or 2, whichever is higher, subject to minimum two Independent Director shall present at the Meeting.

2. Stakeholders Relationship Committee:

The Board of Directors of our Company has, in pursuance to provisions of Section 178 of the Companies Act, 2013, or any subsequent modification(s) or amendment(s) thereof in its Meeting held on August 20, 2024 constituted Stakeholders Relationship Committee.

The constitution of the Stakeholders Relationship Committee is as follows:

Name of the Directors	Designation	Nature of Directorship
Mr. Sakharam Bhagwanrao Tamsekar	Chairperson	Independent Director
Mr. Sanjay Bhaskarrao Mahashabde	Member	Independent Director
Mrs. Usha Sunil Kokare	Member	Executive Director

Our Company Secretary and Compliance officer will act as the secretary of the Committee.

Terms of Reference

To supervise and ensure;

i. Resolving the grievances of the security holders of the company including complaints related to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate certificates, general meetings etc; ii. Review of measures taken for effective exercise of voting rights by shareholders; iii. Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent; iv. Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company;

Such other matters as may be required by any statutory, contractual or other regulatory requirements to be attended to by such committee from time to time.

Quorum and Meetings

The Stakeholders Relationship Committee shall meet at least once in financial year. The quorum shall be one third of total members of the Stakeholders Relationship Committee or 2 members, whichever is higher.

3. Nomination and Remuneration Committee:

The Board of Directors of our Company has, in pursuance to provisions of Section 178 of the Companies Act, 2013, or any subsequent modification(s) or amendment(s) thereof in its Meeting held on August 20, 2024 constituted Nomination and Remuneration Committee.

The constitution of the Nomination and Remuneration Committee is as follows:

Name of the Directors	Designation	Nature of Directorship
Mr. Sakharam Bhagwanrao Tamsekar	Chairperson	Independent Director
Mr. Anil Sadashiv Shelar	Member	Independent Director
Mr. Sanjay Bhaskarrao Mahashabde	Member	Independent Director

Our Company Secretary and Compliance officer will act as the secretary of the Committee.

Terms of reference

Role of Nomination and Remuneration Committee not limited to but includes: -

i. Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of the directors, key managerial personnel and other employees; ii. For every appointment of an independent director, the Nomination and Remuneration Committee shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director. The person recommended to the Board for appointment as an independent director shall have the capabilities identified in such description. For the purpose of identifying suitable candidates, the Committee may: a) use the services of an external agencies, if required; b) consider candidates from a wide range of backgrounds, having due regard to diversity; and c) consider the time commitments of the candidates. iii. Formulation of criteria for evaluation of Independent Directors and the Board; iv. To ensure that the relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and v. Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the Board of Directors their appointment and removal and shall carry out evaluation of every director‘s performance; vi. recommend to the board, all remuneration, in whatever form, payable to senior management; vii. Such other matters as may be required by any statutory, contractual or other regulatory requirements to be attended to by such committee from time to time.

Quorum and Meetings

The Committee is required to meet at least once in financial year. The quorum necessary for a meeting of the Nomination and Remuneration Committee is one third of total members of the Nomination and Remuneration Committee or 2 members, whichever is higher.

4. Corporate Social Responsibility Committee:

The Board of Directors of our Company has, in pursuance to provisions of Section 135 of the Companies Act, 2013, as applicable, in its meeting held on August 20, 2024 re-constituted Corporate Social Responsibility Committee.

The constitution of the Corporate Social Responsibility Committee is as follows:

Name of the Directors	Designation	Nature of Directorship
Mr. Dattatraya Mohaniraj Karpe	Chairman	Managing Director
Mr. Sunil Shrikrishna Bhalerao	Member	Whole-Time Director
Mr. Sakharam Bhagwanrao Tamsekar	Member	Independent Director

Our Company Secretary and Compliance officer will act as the secretary of the Committee.

Terms of reference

1. To formulate and recommend to the Board, a CSR policy which shall indicate the activities to be undertaken by the Company in areas or subject as specified in Schedule VII of the Companies Act, 2013; 2. To review and recommend the amount of expenditure to be incurred on the activities to be undertaken by the company; 3. To monitor the CSR policy of the Company from time to time; 4. Any other matter as the CSR Committee may deem appropriate after approval of the Board of Directors or as may be directed by the Board of Directors from time to time.

Quorum

The quorum necessary for a meeting of the Corporate Social Responsibility Committee is one third of total members of the Corporate Social Responsibility Committee or 2 members, whichever is higher.

MANAGEMENT ORGANISATION CHART

The Management Organization Structure of the company is depicted from the following chart:

The Key Managerial Personnel of our Company other than our Executive Directors are as follows:

Name, Designation and Date of Joining		Qualification	Previous Employment	Remuneration paid in F.Y. 2024-25 ( in Lakhs)
Name	Ms. Naman Kaur Saluja
Designation Date of Appointment	Company Secretary and Compliance Officer w.e.f. March 01, 2024	She is a member of the Institute of Company Secretaries of India.	KJL & Associates	2.96
Overall
Experience	She has experience around 1.5 years in the field of corporate law.
Name	Ms. Supriya Suresh Chougule	She completed her degree of Bachelor of
Designation Date of	Chief Financial Officer w.e.f. January 16, 2024	Commerce in the year 2009 from Shivaji	PC Patil & Associates	11.35
Appointment Overall		University, Kolhapur.
Experience BONUS OR PROFIT-SHARING PLAN FOR THE KEY MANAGEMENT PERSONNEL	She has experience around 13 years in the field of accounting and audit.

Currently, Our Company does not have any bonus or profit-sharing plan for our Key Managerial personnel. In future, Discretionary bonus may be paid as may be decided by Nomination and Remuneration Committee/Board of Directors, depending upon the performance of the Key Managerial Personnel, working of the Company and other relevant factors subject to Maximum of annual salary within the limits laid down under Para A of Section II of Part II of Schedule V of the Companies Act, 2013.

CHANGES IN THE KEY MANAGEMENT PERSONNEL

The following are the changes in the Key Management Personnel in the last three years preceding the date of filing this Red Herring Prospectus, otherwise than by way of retirement in due course.

Name of Key Managerial Personnel	Date of Event	Nature of Event	Reason for the changes
Mr. Dattatraya Mohaniraj Karpe	August 08, 2024	Change in Designation	His Designation was changed to Managing Director of the Company from Director of the company.
Mr. Sanjay Bhalchandra Vidwans	August 08, 2024	Change in Designation	His Designation was changed to Whole Time Director of the Company from Director of the company.
Mr. Sunil Shrikrishna Bhalerao	August 08, 2024	Change in Designation	His Designation was changed to Whole Time Director of the Company from Director of the company.
Mr. Bhartesh Rajkumar Shah	August 08, 2024	Change in Designation	His Designation was changed to Whole Time Director of the Company from Director of the company.
Ms. Naman Kaur Saluja	March 01, 2024	Appointment	Appointed as Company Secretary and Compliance Officer of the Company.
Ms. Supriya Suresh Chougule	January 16, 2024	Appointment	Appointed as Chief Financial Officer of the Company.

EMPLOYEE STOCK OPTION SCHEME

As on the date of filing of Red Herring Prospectus, our company does not have any ESOP Scheme for its employees.

RELATIONSHIP BETWEEN KEY MANAGEMENT PERSONNEL

There is no any existing relationship between Key Management Personnel as on date of filing Red Herring Prospectus.

PAYMENT OF BENEFIT TO OFFICERS OF OUR COMPANY (NON-SALARY RELATED)

Except the statutory payments made by our Company, in the last two years, our company has not paid any sum to its employees in connection with superannuation payments and ex-gratia/ rewards and has not paid any non-salary amount or benefit to any of its officers.

Notes:

All the key managerial personnel mentioned above are on the payrolls of our Company as permanent employees.

There is no arrangement / understanding with major shareholders, customers, suppliers or others pursuant to which any of the above-mentioned personnel have been recruited.

None of our Key Managerial Personnel has been granted any benefits in kind from our Company, other than their remuneration.

None of our Key Managerial Personnel has entered into any service contracts with our no benefits are granted upon their termination from employment other that statutory benefits provided by our company and further, our Company has appointed certain Key Managerial Personnel i.e. Chief Financial Officer and Company Secretary and Compliance officer for which our company has not executed any formal service contracts; although they are abide by their terms of appointments.

SHAREHOLDING OF THE KEY MANAGEMENT PERSONNEL

Except as disclosed below, none of the Key Managerial Personnel hold any Equity Shares of our Company as on the date of this Red Herring Prospectus.

Sr. No. Name of Key Management Personnel	No. Equity Shares held	Category/ Status
1. Mr. Dattatraya Mohaniraj Karpe	25,59,290	Managing Director
2. Mr. Sanjay Bhalchandra Vidwans	25,59,290	Whole Time Director
3. Mr. Sunil Shrikrishna Bhalerao	25,59,290	Whole Time Director
4. Mr. Bhartesh Rajkumar Shah	25,59,290	Whole Time Director
5. Ms. Naman Kaur Saluja	Nil	Company Secretary and Compliance Officer
6. Ms. Supriya Suresh Chougule	Nil	Chief Financial Officer

OUR PROMOTERS AND PROMOTER GROUP

Promoters of Our Company is Mr. Dattatraya Mohaniraj Karpe, Mr. Sanjay Bhalchandra Vidwans, Mr. Sunil Shrikrishna Bhalerao and Mr. Bhartesh Rajkumar Shah. For details of the Capital build-up of our Promoters, see chapter titled "Capital Structure" beginning on page no. 63 of this Red Herring Prospectus.

The details of our Promoters are as follows:

	MR. DATTATRAYA MOHANIRAJ KARPE
	Mr. Dattatraya Mohaniraj Karpe aged 60 years is Promoter and Managing Director of the Company. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Managing Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. He is having around 25 years of experience in the Civil Engineering.
Date of Birth	September 17, 1964
Age	60
PAN	ABXPK0850G
Educational Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
Present Residential Address	A-403, Victoria Garden, Near Agakhan Palace Kalyaninagar, Pune City, Yerawada, Pune- 411006, Maharashtra, India
Position/posts held in the past	Executive Director
Directorship held	NIL
Other Ventures	NIL
	MR. SANJAY BHALCHANDRA VIDWANS
	Mr. Sanjay Bhalchandra Vidwans aged 55 years is Promoter and Whole Time Director of the Company. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. He is having around 25 years of experience in the Civil Engineering and Financial Management.
Date of Birth	April 04, 1970
Age	55
PAN	AAMPV8925H
Educational Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
Present Residential Address	A-401, Treasure Park, Sant Nagar, Pune City, Pune-411009, Maharashtra, India
Position/posts held in the past	Executive Director
Directorship held	NIL
Other Ventures	NIL
	MR. SUNIL SHRIKRISHNA BHALERAO
	Mr. Sunil Shrikrishna Bhalerao aged 56 years is Promoter and Whole Time Director of the Company. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. He is having around 25 years of experience in the Civil Engineering and Administration.
Date of Birth	April 06, 1969
Age	56
PAN	ABCPB6801D
Educational Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
Present Residential Address	B1-804, Mandke Advantage Homes, Lulla Nagar, Wanoworie, near Sapna Pav Bhaji Center, Pune City, Wanoworie-411040, Maharashtra, India
Position/posts held in the past	Executive Director
Directorship held	NIL
Other Ventures	NIL
	MR. BHARTESH RAJKUMAR SHAH
	Mr. Bhartesh Rajkumar Shah aged 56 years is Promoter and Whole Time Director of the Company. He was appointed as a Director of the Company since incorporation of the Company on July 20, 1999. Subsequently, he was appointed as Whole-time Director for a period of five years in Extra-ordinary General Meeting held on August 08, 2024. He is having around 25 years of experience in the Project Management.
Date of Birth	March 01, 1969
Age	56
PAN	ADLPS5314F
Educational Qualification	He has completed Degree of Engineering (Civil) from Dnyaneshwar Vidyapeeth in the year 1991.
Present Residential	C-52, Padmavati Nagar, Pune-Satara Road, Near Sambhaji Nagar, Dhankawadi, Pune City,
Address	Pune-411043, Maharashtra, India
Position/posts held in the past	Executive Director
Directorship held	NIL
Other Ventures	NIL
DECLARATION

We declare and confirm that the details of the permanent account numbers, bank account numbers, passport numbers, Aadhar card number and Driving Licence number of our Promoters are being submitted to the BSE, stock exchange on which the specified securities are proposed to be listed along with filing of this Red Herring Prospectus with the Stock Exchange.

CHANGE IN THE CONTROL OR MANAGEMENT OF THE ISSUER IN LAST FIVE YEARS

There has been no change in control or management of the issuer since incorporation.

INTEREST OF OUR PROMOTERS

Except as stated in "Annexure - Restated Related Party Transactions" under section "Restated Financial Information" beginning from page no. 179 of this Red Herring Prospectus and to the extent of compensation, remuneration/ sitting fees to be paid, Perquisites to be given, reimbursement of expenses to be made in accordance with their respective terms of appointment and to the extent of their shareholding and benefits, if any, arise on the shareholding, our Promoters do not have any other interest in our business.

Further, our Promoters may be deemed to be interested to the extent of the payments made by our Company, if any, to the Group entities and payment to be made by our Company to the Group Entities. For the payments that are made by our Company to certain Group entities, please refer "Annexure - Restated Related Party Transactions" under section "Restated Financial Information" beginning from page no. 179 of this Red Herring Prospectus.

Our Promoters, Directors or Group Companies do not have any interest in any property acquired by our Company in the preceding three years before filing this Red Herring Prospectus. Further, they do not have any interest in any property to be acquired by our Company till the date of this Red Herring Prospectus.

Excepted as otherwise as stated in this Red Herring Prospectus, we have not entered into any contract, agreements or arrangements during the preceding three years from the date of this Red Herring Prospectus in which Promoters is directly or indirectly interested.

PAYMENT OF BENEFITS TO OUR PROMOTERS

Except as stated in the section "Annexure - Restated Related Party Transactions" under section "Restated Financial Information" beginning from page no. 179 of this Red Herring Prospectus, there has been no payment of benefits made to our Promoters in the two years preceding the filing of this Red Herring Prospectus. Further, our Company may enter into transaction with or make payment of benefit to the Promoters, Directors or Promoters Group, towards remunerations as decided by Board of Directors.

CONFIRMATIONS

Our Company and Promoters confirmed that they have not been declared as wilful defaulters or Fraudulent Borrowers or by the RBI or by any other government authority and there are no violations of securities laws committed by them in the past or are currently pending against them or restraining period are continued.

Further, our Promoters, Promoter group or directors have not been directly or indirectly, debarred from accessing the capital market or have not been restrained by any regulatory authority, directly or indirectly from acquiring the securities. Additionally, our Promoters, Promoter group or directors do not have direct or indirect relation with the companies, its Promoter and whole-time director, which are compulsorily delisted by any recognized stock exchange or the companies which is debarred from accessing the capital market by the Board.

Also, our Promoters or directors are not a fugitive economic offender.

We and Our Promoter, Group Entities, and Companies promoted by the Promoter confirm that:

No material regulatory or disciplinary action has been taken by a stock exchange or regulatory authority in the past one year against us;

There are no defaults in respect of payment of interest and/or principal to the debenture/bond/fixed deposit holders, banks, FIs during the past three years.

The details of outstanding litigation including its nature and status are disclosed in the section title "Outstanding Litigation and Material Developments" appearing on page no. 189 of this Red Herring Prospectus.

DISASSOCIATION OF PROMOTER IN THE LAST THREE YEAR:

Except as mentioned below, none of our Promoter have disassociated themselves from any Company, LLP or Firm during the last 3 (Three) years.

Name of Promoter	Name of Company	Date of Appointment	Date of Cessation
Mr. Dattatraya Mohaniraj Karpe	Miscos Technologies Private Limited	May 02, 2019	April 15, 2023

RELATIONSHIP OF PROMOTER WITH EACH OTHER AND WITH OUR DIRECTORS

None of our Promoter(s) are related to any of our Companys Directors within the meaning of Section 2 (77) of the Companies

Act, 2013.

OUR PROMOTER GROUP

In addition to our Promoter named above, the following individuals and entities form a part of the Promoter Group:

a. Natural persons who are part of our Individual Promoter Group:

Relationship with Promoters	Mr. Dattatraya Mohaniraj Karpe	Mr. Sanjay Bhalchandra Vidwans	Mr. Sunil Shrikrishna Bhalerao	Mr. Bhartesh Rajkumar Shah
Father	Late Mohaniraj Rabhaji Karpe	Late Bhalchandra Mukund Vidwans	Late Shrikrishna Baliram Bhalerao	Late Rajkumar Dhanyakumar Shah
Mother	Mrs. Kalavati Mohaniraj Karpe	Late Yashashree Bhalchandra Vidwans	Late Chabubai Shrikrishna Bhalerao	Mrs. Ulka Rajkumar Shah
Spouse	Mrs. Seema D Karpe	Mrs. Anjali S Vidwans	Mrs. Sunita Sunil Bhalerao	Mrs. Nilam Bhartesh Shah
	Mr. Suresh Mohaniraj Karpe		Mr. Dilip Shrikrishna Bhalerao	Mr. Unmesh Rajkumar
	Mr. Chandrakant Karpe		Late Vijay Shrikrishna	Shah
Brother/s	Mr. Balasaheb Mohaniraj Karpe	Mr. Shailesh Bhalchandra Vidwans	Bhalerao Mr. Ramdas Shrikrishna Bhalerao	Mr. Meghesh Rajkumar Shah
	Mr. Deepak Mohaniraj Karpe		Mr. Anil Bhalerao
Sister/s	-	-	-	Mrs. Vaishali Harshawardhan Shah
Son/s	Mr. Ashlesh Karpe	Mr. Sumedh Sanjay Vidwans	Mr. Dhaval Bhalerao	-
Daughter/s	-	Ms. Palvi Sanjay Vidwans	Ms. Samruddhi Sunil Bhalerao	Ms. Tanvi Bhartesh Shah Ms. Sakshi Bhartesh Shah
Spouses Father	Late Babanrao Sopanrao Zende	Late Gajanan Gopal Natu	Mr. Sudhakar Vitthal Magar	Mr. Mahaveer Nemchand Shah
Spouses Mother	Late Anusaya Babanrao Zende	Late Vaishali Gajanan Natu	Late Sindhu Sudhakar Magar	Mrs. Manisha Mahaveer Shah
				Mr. Manojkumar Mahaveer Shah
Spouses Brother/s	Mr. Santosh B Zende	-	Mr. Sandesh Sudhakar Magar	Mr. Pankaj Mahaveer Shah
	Mrs. Alka B Mane Mrs. Sharada Vitthal Thopte			Mr. Rahul Mahveer Shah
Spouses Sister/s	Mrs. Ratnaprabha Ankush Nimhan Mrs. Saraswati S Sonawane	Ms. Smita Gajanan Natu	Mrs. Sangeeta Pawar	Mrs. Neha Nitinkumar Gandhi
	Mrs. Shobha Rajan Manjre
	Mrs. Asha Vilas Tapkir
Relationship with Promoters	Mr. Dattatraya Mohaniraj Karpe	Mr. Sanjay Bhalchandra Vidwans	Mr. Sunil Shrikrishna Bhalerao	Mr. Bhartesh Rajkumar Shah
	Mrs. Usha Rajendra Ingawale
	Mrs. Kala Vijay Jagtap
	Mrs. Neha Prashant Khandwe

b. Companies related to our Promoters Company: Not Applicable as our Promoter is not a Company.

Nature of Relationship	Name of Entities
Subsidiary or holding company of Promoter Company.	Not Applicable
Any Body corporate in which Promoter (Body Corporate) holds 20% or more of the equity share capital or which holds 20% or more of the equity share capital of the Promoter (Body Corporate).	Not Applicable

c. Companies, Proprietary concerns, HUFs related to our Promoters

Nature of Relationship	Name of Entities
Any Body Corporate in which twenty percent or more of the equity share capital is held by Promoter or an immediate relative of the	- Mounarch Tech Solutions and Systems Private Limited
Promoter or a firm or HUF in which Promoter or any one or more of his immediate relatives are a member.	- Miti Dattam Sansadhan Private Limited
Any Body corporate in which Body Corporate as provided above holds twenty percent or more of the equity share capital.	NIL
Any Hindu Undivided Family or Firm in which the aggregate	- Bluewatt Ventures LLP, Limited Liability Partnership
shareholding of the Promoters and his immediate relatives is equal to	- Power Boost System, Proprietorship Firm
or more than twenty percent.	- Pooja Collection, Proprietorship Firm
	- Pooja Garments, Proprietorship Firm
	- Baliram Suryakant & Sons, Partnership Firm
	- Shah Clinic, Proprietorship Firm
	- Zende Properties, Parntership Firm
	- Santosh Babanrao Zende, Proprietorship Firm
	- Sandeep Anil Trading Co, Partnership Firm

d. Person whose shareholding is aggregated under the heading "Shareholding of the Promoters Group"

Name of Entities / Person

-

For further details on our Group Companies refer Chapter titled "Information with respect to Group Companies" beginning on page no. 200 of this Red Herring Prospectus.

e. Our Company does not have any Group Company or Promoter Group company listed on any stock exchange.