relic technologies ltd Management discussions

This report discusses the operations and financial performance of your Company Overall Review:

The Company is member of NSE and engaged in share broking business only. Companys main clients include Institutional client.

Opportunities and Threats

The Economic demand slow down presents at real challenge to growing volumes. The inflation figures and recent emerging developments across the world such as Corono virus has potential to affect the activities of the industry.

Internal control systems and their adequacy:

The Company has proper and adequate internal controls commensurate with its size and the nature of its operations in order to ensure that all assets are properly safeguarded against loss from unauthorized use or disposal. All significant issues are brought to the attention of the Audit Committee of the Board.

Some significant features of the internal control systems are:

• Corporate policies / procedures on accounting and major processes;

• Management review system, preparation and monitoring of annual budgets;

• Effective IT systems and procedures to aid business performance, automation and build systematic controls; and

• An on-going program for strengthening of the code.

Audit committee of the board of directors, compromising of independent directors, regularly reviews the audit plans, significant audit findings, adequacy of internal controls, compliance with accounting standards as well as reasons for changes in accounting policies and practices, etc.

Companys financial performance & analysis:

Financial performance and review of operation from part of the directors report which details the companys financial and operational performance.

Profit after tax was Rs. 40,09,467/- in the previous Financial Year 2020-2021. However, the Profit for the current Financial Year 2021-2022 is Rs. 49,82,663/-

Human resource development / industrial relations:

The Management has a strong belief that the industrial relations will remain cordial and harmonious and continues to be so in the year ahead.

Cautionary Statement:

Though the statement and views expressed in the above said report are on the basis of best judgment but the actual future results might differ from whatever is stated in the report.

Registered Office: By order Of the Board of Directors
J Block, Bhangwadi Shopping Centre,
Kalbadevi Road, BAIJOO RAVAL
Mumbai - 400 002 WHOLE TIME DIRECTOR
Date: 12th August, 2022 (DIN No.00429398)

Certificate under Regulation 34(3) of SEBI Listing Regulations

We have examined the relevant records, registers, forms, and documents of RELIC TECHNOLOGIES LIMITED (the company), having CIN L65910MH1991PLC064323 and registered office at J-Block, Bhangwadi Shopping Centre ,Kalbadevi Road, Mumbai - 400002 IN, maintained and produced before us, and the records available in public domain, for the year ended on 31st March, 2022 for the purpose of issuing the certificate under regulation 34(3), read with Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

In our opinion and to the best of our information and according to the verifications (including Directors Identification Number (DIN) status at the portal as considered necessary and explanations furnished to us by the Company & its officers, we hereby certify that none of the Directors on the Board of the Company as stated below for the Financial Year ending on March 31, 2022 have been debarred or disqualified from being appointed or continuing as Directors of companies by the Securities and Exchange Board of India, Ministry of Corporate Affairs, or any such other Statutory Authority.

Sr Name of Directors No. DIN Desgination Status of Directors
1. MUKESH JUGALDAS DESAI 00075718 Managing Director Active
2. HEMANT K CHOKSEY 00396961 Director Active
3. BAIJOO M RAVAL 00429398 Director Active
4. UDAY M RAVAL 00727294 Director Active
5. NITI BAIJOO RAVAL 06895548 Director Active
6. RAKESHKUMAR RAVAL 07616411 Director Active

Ensuring the eligibility for the appointment / continuity of every Director on the Board is the responsibility of the management of the Company. Our responsibility is to express an opinion on these based on our verification. This certificate is neither an assurance as to the future viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company.

Place : Mumbai For VKM & Associates
Date : 12th August, 2022 Practicing Company Secretary
(Vijay Kumar Mishra)
M. No. F-5023
C.P. No. 4279
UDIN No. : F005023B000583172