To The Members,
1. BACKGROUND
Real Touch Finance Limited ("Company" or "RTFL") is a subsidiary of
Ultraplus Housing Private Limited and is a NonBanking Financial Company
("NBFC"), holding a Certificate of Registration dated September 5, 1999, from
the Reserve Bank of India ("RBI").
The Company is having its registered office in Kolkata and has various branch offices
in the state of Tamil Nadu, viz., Chennai, Kancheepuram, Thiruvallur, Villupuram, Arani
& Vandavasi.
2. FINANCIAL RESULTS
2.1 Standalone Results
The performance of the Company for the Financial Year ended 31st March 2023, on a
Standalone basis is, summarized below:
| S. No. |
Particulars |
2022-2023 (Rs.‘00) |
2021-2022 fRs.00) |
| 1. |
Gross Income |
10,28,081.01 |
2,41,201.51 |
| 2. |
Profit Before Interest and Depreciation and Provisions and Contingencies |
8,58,537.78 |
1,94,975.64 |
| 3. |
Finance Cost |
4,40,576.30 |
Nil |
| 4. |
Depreciation and Amortization |
6,341.46 |
136.49 |
| 5 |
Provisions and Contingencies |
38,563.71 |
160.00 |
| 6 |
Profit Before Tax |
3,73,056.31 |
1,94,679.15 |
| 7 |
Tax Expense |
1,11,096.15 |
49,500.00 |
| 8 |
Profit After tax |
2,61,960.16 |
1,45,179.15 |
| 9 |
Other Comprehensive Income |
|
|
|
Items that will not be reclassified subsequently to profit or loss |
11583.73 |
6,182.90 |
| 10. |
Transfer to Statutory Reserve as per RBI Guidelines |
27,00,000.00 |
24,00,000.00 |
| 11. |
Proposed Dividend on Equity Shares |
NIL |
NIL |
| 12. |
Balance Brought forward from Balance Sheet |
8,70,375.10 |
7,50,013.50 |
| 13. |
Balance carried forward to Balance Sheet |
10,89,209.99 |
8,70,375.10 |
2.1.1 Companys Performance
Gross Income increased by 293% and stood at Rs. 9,27,62,272 (FY 2021-22: Rs.
2,36,06,651). The Companys Profit Before Tax was Rs. 3,73,05,631 (FY 2021-22: Rs.
1,94,67,915) and the Profit After Tax increased by about 44.6% to Rs. 2,61,96,016 (FY
2021-22: Rs. 1,45,17,915).
3. SHARE CAPITAL AND DEBENTURES
The Issued, Subscribed and Paid-up Share Capital of the Company as on March 31, 2023
was Rs. 12,69,26,900 consisting of 1,26,92,690 equity shares of Rs. 10/- each. During the
Financial Year 2022-23, the Company issued unlisted secured nonconvertible debentures of
Rs. 10,000/- each on a private placement basis amounting to Rs. 2.43 crores.
4. DIVIDEND
In order to conserve resources, the Board does not recommend payment of any Dividend on
the Equity Shares for FY 202223.
5. TRANSFER TO RESERVES
As required under Section 45IC of the Reserve Bank of India Act, 1934, 20% of the
profits are required to be transferred to a Special Reserve Account. An amount of Rs.
54,70,900 (FY 2022-23: Rs. 31,00,000), has been transferred to the said Reserve.
6. SUBSIDIARIES
The Company is a Subsidiary of M/s. Ultraplus Housing Estate Private Limited
("Ultraplus"), who holds 54.12% in the Company. However the Company does not
have any subsidiaries
7. INFORMATION ON MATERIAL CHANGES AND COMMITMENTS
There are no material changes or commitments affecting the financial position of the
Company which have occurred during the financial year and from the end of the financial
year till the date of this Report.
8. DIRECTORS AND KMP
The Company has received necessary declarations from each Independent Director under
Section 149 (7) of the Companies Act, 2013 confirming that he meets the criteria of
Independence laid down in Section 149 (6) of the Companies Act, 2013 and Regulation 25 of
SEBI (Listing Obligation and Disclosure requirements) Regulation 2015.
Mr. Anant Bhagat has given his resignation in writing from the post of Managing
director due to personal commitments and the same was approved by the members at the
Extra-ordinary General meeting held on 12/05/2022.
Mr. Sundaresan Sampathkumar was appointed as Additional Director with effect from 14th
November 2022 and subsequently his appointment was regularized at the Extra Ordinary
General Meeting held on 9th February 2023.
Mrs. Swetha Gorawat, Non Independent Woman Director retiring by rotation in the ensuing
Annual General Meeting and she has offered herself for re-appointment.
Pursuant to provisions of Section 203 of the Companies Act, 2013, the Key Managerial
Personnel of the Company are Mr. Sridharan, Whole Time Director, Mr. Arindam Laha, Chief
Financial Officer and Ms. Priyanka Singh, Company Secretary.
9. DECLARATION FROM INDEPENDENT DIRECTORS
All the independent directors (IDs) have submitted their declaration of independence,
as required pursuant to section 149(7) of the Act, confirming that they meet the criteria
of independence as provided in section 149(6) of the Act. In the opinion of the board, the
IDs fulfill the conditions specified in the Act and the rules made there under for
appointment as IDs including integrity, expertise and experience and confirm that they are
independent of the management. All the IDs of the company have registered their names with
the data bank of IDs and are in the process of completion of online proficiency
selfassessment test as per the timeline notified by the Ministry of Corporate Affairs
(MCA).
10. EVALUATION OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS
Pursuant to the provisions of the Act and the SEBI Listing Regulations, the Board has
carried out an annual evaluation of its own performance and of the individual Directors as
well as an evaluation of the working of all the Committees of the Board. The Board of
Directors was assisted by the NRC. The performance evaluation was carried out by seeking
inputs from all the Directors / Members of the Committees, as the case may be.
The Board of the Company followed the criteria as specified in the Guidance Note on
Board Evaluation issued by the Securities and Exchange Board of India ("SEBI")
for evaluating the performance of the Board as a whole, Committees of the Board,
Individual Directors and the Chairman. The criteria for evaluation of the Board as a
whole, inter alia, covered parameters such as Structure of the Board, Meetings of the
Board, Functions of the Board and Board & Management. The criteria for evaluation of
Individual Directors covered parameters such as knowledge and competency, fulfillment of
functions, ability to function as a team, etc. The criteria for evaluation of the Board
Committees covered areas related to mandate and composition, effectiveness of the
Committee, structure of the Committee and meetings, etc.
The feedback of the Independent Directors on their review of the performance of
Non-Independent Directors and the Board as a whole, the performance of the Chairman of the
Company and the assessment of the quality, quantity and timeliness of flow of information
between the Company, the Management and the Board which was taken into consideration by
the Board in carrying out the performance evaluation.
11. POLICY ON APPOINTMENT OF DIRECTORS AND REMUNERATION POLICY OF THE COMPANY
The Nomination and Remuneration Committee ("NRC") develops the competency
requirements of the Board based on the industry and the strategy of the Company, conducts
a gap analysis and recommends the reconstitution of the Board, as and when required. It
also recommends to the Board, the appointment of Directors having good personal and
professional reputation and conducts reference checks and due diligence of all Directors
before recommending them to the Board. Besides the above, the NRC ensures that the new
Directors are familiarized with the operations of the Company and endeavours to provide
relevant training to the Directors.
In accordance with the provisions of Section 178 of the Act and the SEBI Listing
Regulations, the Board of Directors has adopted a Policy on Board Diversity and Director
Attributes and a Remuneration Policy.
The Policy on Board Diversity and Director Attributes has been framed to encourage
diversity of thought, experience, knowledge, perspective, age and gender in the Board and
to have in place, a transparent Board nomination process.
The Remuneration Policy for Directors, KMPs and all other employees is aligned to the
philosophy on the commitment of fostering a culture of leadership with trust.
The Remuneration Policy aims to ensure that the level and composition of the
remuneration of the Directors, Key Managerial Personnel and all other employees is
reasonable and sufficient to attract, retain and motivate them to successfully run the
Company.
Salient features of the Remuneration Policy, inter alia, include:
• Remuneration in the form of Sitting Fees and Commission to be paid to
Independent Directors and Non-Independent Non-Executive Directors, in accordance with the
provisions of the Act and as recommended by the NRC;
• Remuneration to Managing Director / Executive Directors / Key Managerial
Personnel and all other employees is reasonable and sufficient to attract, retain and
motivate them to run the Company successfully and retain talented and qualified
individuals suitable for their roles, in accordance with the defined terms of remuneration
mix or composition; and
• No remuneration would be payable to Directors for services rendered in any other
capacity unless the services are of a professional nature and the NRC is of the opinion
that the Director possesses requisite qualification for the practice of the profession and
approval of the Central Government has been received, if required, for paying the same.
12. DIRECTOR RESPONSIBILITY STATEMENT
Based on the framework of internal financial controls and compliance systems
established and maintained by the Company, work performed by the Internal, Statutory and
Secretarial Auditors, including audit of internal financial controls over financial
reporting by the Statutory Auditors and the reviews performed by the Management and the
relevant Board Committees, including the Audit Committee, the Board is of the opinion that
the Companys internal financial controls were adequate and effective during FY 2022-23.
Accordingly, pursuant to Section 134(5) of the Act, the Board of Directors, to the best
of their knowledge and ability, confirm that:
a) in the preparation of the annual accounts, Indian Accounting Standards ("Ind
AS") as per the Companies (Indian Accounting Standards) Rules, 2015, as amended by
the Companies (Indian Accounting Standards) Rules, 2016, notified under Section 133 of the
Companies Act, 2013 (the "Act"), other relevant provisions of the Act,
guidelines issued by Regulators as applicable to an NBFC and other accounting principles
generally accepted in India have been followed and that there are no material departures
there from.
b) they 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 cash flows of the Company for the year;
c) they had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding the assets of the
Company and for preventing and detecting fraud and other irregularities;
d) they had prepared the annual accounts on a going concern basis;
e) they had laid down internal financial controls to be followed by the Company and
that such internal financial controls were adequate and operating effectively; and
f) they had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
The Financial Statements have been prepared in accordance with Ind AS as notified under
the Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of the Act.
13. REPORTING OF FRAUDS
There were nil frauds reported by the Auditors under Section 143(12) of the Companies
Act, 2013, Directors of your Company hereby state and confirm that:
14. REMUNERATION TO THE DIRECTORS/KMP
| S. No. Names |
Designation |
Remuneration in 20222023 (Amount in ) |
Remuneration in 2021-22(Amount in ) |
| 1 Mr. G Sridharan |
Whole Time Director |
33,00,000 |
7,00,000 |
| 2. Mr. Anant Bhagat (Resigned as Managing Director on 06.01.2022) |
Managing Director |
|
90,000 |
| 3. Mr. Ujjawal Kumar Bothra |
Director |
6,000 |
5,000 |
| 4. Mr. Arindam Laha |
CFO (KMP) |
1,04,000 |
96,000 |
| 5. Mr. Rajesh Kumar Sethia |
Director |
6,000 |
6,000 |
| 6. Mr. Shrish Tapuriah |
Director |
- |
5,000 |
| 7. Mr. Priyanka Singh |
CS (KMP) |
2,40,000 |
2,40,000 |
| 8. Ms Shweta Ghorawat |
Director |
6,000 |
6,000 |
| 9. Somnath Sarkar |
Director |
6,000 |
3,000 |
| 10. Mr. Sundaresan Sampathkumar (appointed on 14.11.2022) |
Director |
|
|
15. DEPOSITS
The Company did not hold any deposits at the beginning of the year nor has it accepted
any deposits during the year under review.
16. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
In terms of Regulations 34 of Securities and Exchange Board of India (Listing
Obligation and Disclosure requirements) Regulation 2015, the management Discussion and
Analysis report is set out in this report.
17. CORPORATE GOVERNANCE REPORT
A report on corporate governance as per the Listing Regulations is attached and forms
part of this report. The report also contains the details as required to be provided on
the composition and category of directors, number of meetings of the board, composition of
the various committees, annual board evaluation, remuneration policy, criteria for board
nomination and senior management appointment, whistle blower policy / vigil mechanism,
disclosure of relationships between directors inter-se, state of companys affairs, etc.
The executive director have submitted a compliance certificate to the board regarding the
financial statements and other matters as required under regulation 17(8) of the Listing
Regulations.
18. RISK MANAGEMENT
The Board periodically reviews the risks which are associated with business objectives,
growth, talent, aspects etc., and actions are being taken to mitigate those risks then and
there.
19. LISTING WITH STOCK EXCHANGES
The Company confirms that it has paid the Annual Listing Fees for the year
2022-2023/2023-2024 to BSE (Scrip Code 538611) where the Companys shares are listed.
20. DEMATERIALISATION OF SHARES
1,21,17,740 shares of the Companys paid up Equity share Capital is in dematerialized
form as on 31/03/2023 and the balance are in physical form. The Companys registrar is M/s
Niche Technologies Private Limited having their registered office at 3A, Auckland Road,
7th Floor, Kolkata - 700017.
21. NUMBER OF BOARD MEETINGS
The Board of Directors duly met five times during the financial year under review. The
gap between any two meetings did not exceed 120 days as prescribed under Companies Act,
2013. Dates of Board Meeting during the financial year are as follows:
| S.NO. |
DATE OF MEETING OF BOARD |
| 1 |
28th May 2022 |
| 2 |
12th August 2022 |
| 3 |
14th November 2022 |
| 4 |
30th January 2023 |
| 5 |
9th February 2023 |
22. SIGNIFICANT AND MATERIAL ORDERS
During the period under review, there were no significant or material orders passed by
any regulator or court or tribunal impacting the going concern status and Companys
operations in future.
23. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY
The detail in respect of Internal Financial Control and their adequacy are included in
the Management and Discussion Analysis report which forms part of the financial
Statements.
24. COMMITTEES
The details of composition of the Board and its Committees, terms of reference of the
Committees and the details of meetings held during the financial year are furnished in the
Corporate Governance Report.
25. AUDITORS:
Statutory Auditors:
M/s P.D. Randar and Co. Chartered Accountants, Kolkata were appointed as the Statutory
Auditors of the Company for a period of 5 years to hold office till the conclusion of 42nd
Annual General Meeting to be held in the financial year 2026-27.
The Board was authorized to fix such remuneration as may be recommended by Audit
Committee in consultation with the Auditors. They are liable to be rotated after three
years with a cooling off period of six years before next appointment. The Statutory
Auditors have confirmed that they are not disqualified from continuing as Auditors of the
Company.
The Report of the Statutory Auditors with an unmodified opinion to the members is
annexed and forms part of the financial statements and the same does not contain any
qualification, reservation, adverse remark or disclaimer. There were no frauds detected or
reported by the Auditors under sub-section (12) of section 143 of the Companies Act, 2013
during the financial year ended March 31, 2023.
Secretarial Auditor:
Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors had appointed
M/s. Baid & Bengani & Associates LLP, Company Secretaries in Practice, to
undertake the Secretarial Audit of the Company for FY 2022-23.
The Company has received his written consent that the appointment is in accordance with
the applicable provisions of the Act and rules framed thereunder. The Secretarial Auditor
has confirmed that he is not disqualified to be appointed as the Secretarial Auditor of
the Company. The Secretarial Audit Report, in the prescribed Form No. MR-3, is annexed as
Annexure ‘II.
There are no qualifications, reservations or adverse remarks or disclaimers made by
M/s. Baid & Bengani & Associates in their Secretarial Audit Report dated
22/05/2023 on the Secretarial and other related records of the Company, for FY 202223.
Internal Auditor
Pursuant to provisions of Section 138 of the Act, the Board of Directors had appointed
M/s. J.P. Lakhotia and Associates, Chartered Accountants as the Internal Auditors of the
Company to undertake the Internal Audit of the Company for FY 2022-23.
The Company has received his written consent that the appointment is in accordance with
the applicable provisions of the Act and rules framed thereunder.
There are no qualifications, reservations or adverse remarks or disclaimers made by
M/s. J.P. Lakhotia and Associates in their Internal Audit Report on the Internal and other
related records of the Company, for FY 2022-23.
Auditors Certificate on Corporate Governance:-
As required by SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015
the auditors certificate on corporate governance is enclosed as Annexure to the Board
Report.
26. EXTRACTS OF ANNUAL RETURN
As per Section 134(3)(a) and Section 92(3) of the Companies Act, 2013 read with
Companies (Management and Administration) Rules, 2014, the annual return of the Company
for the financial year ended March 31, 2023 is available at the web address:
https://www.realtouchfinance.com/investor-info.html
27. COST RECORDS AND COST AUDIT
Maintenance of cost records and requirements of cost audit as prescribed under the
provisions of section 148(1) of the Act is not applicable for the business activities
carried out by your Company.
28. ACCOUNTING STANDARDS FOLLOWED BY THE COMPANY
The Financial Statements of the Company have been prepared in accordance with Ind AS,
as notified under the Companies (Indian Accounting Standards) Rules, 2015 read with
Section 133 of the Act. Further, the Company follows the Master Directions issued by RBI
for NBFCs.
The Financial Statements have been prepared on an accrual basis under the historical
cost convention. The Accounting Policies adopted in the preparation of the Financial
29. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
Information required under Section 134(3)(m) of the Companies Act, 2013 read with rule
8 of the Companies (Accounts) Rules, 2014 is not applicable to the Company as it is not a
manufacturing Company. However, your Company has been increasingly using information
technology in its operation and promotes conservation of resources.
During the financial year ended March 31, 2023, there were no foreign currency
expenditure and no foreign currency earnings.
30. DETAILS PERTAINING TO REMUNERATION AS REQUIRED UNDER SECTION 197(12) OF THE ACT
READ WITH RULE 5 OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL)
RULES, 2014
A Statement giving the details required under Section 197(12) of the Act, read with
Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, for the year ended March 31, 2023, is annexed as Annexure ‘I.)
The details required under Rule 5(2) and Rule 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, for the year ended March 31, 2023, are
provided in a separate Annexure forming part of this Report. In terms of the first proviso
to Section 136(1) of the Act, the Report and the Accounts, excluding the aforesaid
Annexure, are being sent only through electronic mode to all the Members whose e-mail
addresses are registered with the Company. Any shareholder interested in obtaining a copy
of the same may write to the Company Secretary, at the Registered Office of the Company.
None of the employees listed in the said Annexure is related to any Director of the
Company.
31. CORPORATE SOCIAL RESPONSIBILITY
In terms of Section 135 and Schedule VII of the Companies Act, 2013, the Company does
not fulfill the requirement of Net Worth, Turnover and Net Profit that invoke the
provisions for Corporate Social Responsibility.
32. VIGIL MECHANISM
The Company has established a Vigil Mechanism for its Directors and employees to report
their concerns or grievances. The said mechanism, inter alia, encompasses the Whistle
Blower Policy, the Fraud Risk Management Process, the mechanism for reporting of ethical
concerns under the TCOC and the ABAC Policy and it provides for adequate safeguards
against victimization of persons who use it.
Companys ABAC Policy and to the Chairman of the Companys Audit Committee / the Chief
Ethics Counselor under the Companys Whistle Blower Policy. Information regarding the
mechanism and the channels for reporting concerns are communicated to the relevant
stakeholders.
33. RELATED PARTY TRANSACTIONS
The Company has adopted a Policy and a Framework on Related Party Transactions
("RPTs") for the purpose of identification, monitoring and approving such
transactions in line with the requirements of the Act and the SEBI Listing Regulations.
During the year under review, the RPT Policy had been amended to, inter alia; include the
amendments of the SEBI Listing Regulations.
All the RPTs that were entered into during FY 2022-23, were in ordinary course of
business and on an arms length basis. There were no material transactions requiring
disclosure under Section 134(3)(h) of the Act. Hence, the prescribed Form AOC-2 does not
form a part of this Annual Report.
The details of RPTs as required to be disclosed by Indian Accounting Standard - 24 on
"Related Party Disclosures" specified under Section 133 of the Act, read with
the Companies (Indian Accounting Rules Standards) Rules, 2015, are given in the Notes to
the Financial Statements.
34. CODE OF CONDUCT
The board has laid down a "Code of Conduct" for all the Board Members and the
senior management of the Company and the same has been posted on the website of the
Company.
All Board members and senior management personnel have affirmed compliance with the
Companys code of conduct for the financial year 2022-23. A declaration to this effect is
included in Corporate Governance report forming part of this Annual Report.
35. CODE FOR PREVENTION OF INSIDER TRADING
The Company has adopted a Companys Code of Practices and Procedures for Fair
Disclosure of Unpublished Price Sensitive Information (UPSI) to regulate, monitor and
report trading by insiders in securities of the Company. The board has further approved
policy governing the procedure of inquiry in case of actual or suspected leak of
unpublished price sensitive information. The code has also been hosted on the website of
the Company.
36. SECRETARIAL STANDARDS
The Company is in compliance with SS - 1 i.e. Secretarial Standard on Meetings of the
Board of Directors and SS - 2 i.e. Secretarial Standard on General Meetings issued by The
Institute of Company Secretaries of India.
37. DISCLOSURE REQUIREMENT
As per Regulations 34 of the SEBI Listing Regulations, Business responsibility Report
is not applicable for the company.
38. DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013
The Company is committed to providing and promoting a safe and healthy work environment
for all its employees. A ‘Prevention of Sexual Harassment Policy, which is in line
with the statutory requirements, along with a structured reporting and redressal
mechanism, including the constitution of Internal Complaints Committee in accordance with
the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013 ("the POSH Act"), is in place.
39. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The Company is to expand its business operations and for that purpose, it is proposed
to raise funding for its lending business operations. The Company raises resources
inter-alia by borrowing monies from time to time from various bodies corporate, banks,
financial institutions, etc. and by way of issue of debentures including market linked
debentures whether secured or unsecured, bonds or any other debt instruments and these
borrowings are inter-alia secured by hypothecation of receivables/book debts, mortgage of
immovable properties, promissory notes and pledge on the movable assets of the Company as
recommended by the Board.
It is therefore necessary under Section 180(1)(a) and 180(1)(c) of the Companies Act,
2013, to enable the Board of Directors to borrow money up to Rs. 500 Crores (Rupees Five
Hundred Crores only) from the existing limits of Rs. 200 Crores (Rupees Two Hundred Crores
only) and inter alia, authorize the Board to secure its borrowing by hypothecation of
receivables/book debts, mortgage of immovable properties, promissory notes and pledge on
the movable assets of the Company as recommended by the Board.
The Board recommends the Special Resolution as per the accompanying Annual General
Meeting Notice, for approval by the Shareholders of the Company.
40. ACKNOWLEDGEMENT
Directors deeply acknowledge the trust and confidence you have placed in the company.
Director would also like to thank all its Banker, Customer, Vendors and Shareholders for
their continued support to the Company. In specific, the Board would also record its
sincere appreciation of the Commitment and Contribution made by all employees of the
Company.
41. CAUTIONARY NOTE
The statement forming part of Directors report may contain certain forward looking
remarks within the meaning of applicable Securities Law and regulations. Many factors
could cause the actual results, performance or achievements of the Company to be
materially different from any future results, performances or achievements that may be
expressed or implied by such forward looking statements.
| Place: Howrah |
|
| Date: 24th July 2023 |
BY ORDER OF THE BOARD |
|
REAL TOUCH FINANCE LIMITED |
| Sd/- |
Sd/- |
| RAJESH SETHIA |
KUMAR G. SRIDHARAN |
| DIRECTOR |
WHOLE TIME DIRECTOR |
| DIN: 01129789 |
DIN: 09460423 |
+91-9892691696
