roni households ltd share price Directors report

Dear Shareholders,

The Board of Directors hereby submits 6^th Annual report of your Company ("the Company"), including the audited financial statements, for the financial year ended March 31, 2023.

Financial Highlights: (Rs. in Lakhs)

Particulars	F.Y. 2022-23	F.Y. 2021-22
Revenue From Operations	548.93	1075.11
Other Income	11.36	0.44
Total Income	560.29	1075.56
Less: Total Expenses before Depreciation, Finance Cost and Tax	453.44	1061.88
Profit before Depreciation, Finance Cost and Tax	106.85	13.68
Less: Depreciation	63.56	94.25
Less: Finance Cost	32.34	38.70
Profit Before Tax	10.95	(119.27)
Less: Current Tax	1.71	-
Less: Deferred tax Liability (Asset)	2.41	7.05
Profit after Tax	6.83	(126.32)

Business Overview & State Of The Companys Affairs:

Financial performance:

During the financial year 2022-23 the revenue from operation stood at Rs. 548.93 Lakhs as compared to Rs. 1075.11 Lakhs during the previous financial year 2021-22. The other income of the Company stood as Rs. 11.36 Lakhs in the financial year 2022-23 as compared to 0.44 Lakhs in previous financial year 2021-22.

Further, during the financial year 2022-23, the total expenses have decreased to Rs. 549.34 lakhs from Rs. 1194.83 lakhs in the previous financial year 2021-22. The Net Profit for the financial year 2022-23, stood at Rs. 6.83 Lakhs in comparison to loss of Rs. (126.32) Lakhs in previous year 2021-22.

Dividend:

In order to preserve funds, the Board of Directors regret recommending dividend to shareholders for the financial year 2022-23.

Transfer to General Reserve:

During the FY 2022-23, the Company has not transferred any amount in Reserve and Surplus.

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.

Share Capital:

During the year under review, no changes took places in the Authorized share capital of the Company.

Authorized Capital:

The Authorized Capital of the Company as on March 31, 2023 is Rs. 6,00,00,000/- divided into 60,00,000 Equity Shares of Rs. 10/- each

Issued, Subscribed & Paid-Up Capital:

During the year, the Company upon approval of Board of Directors & Shareholders of the Company issued & allotted 8,67,000 equity shares of Rs. 10 each pursuant to the rights issue at an issue price of Rs. 70 each on December 29, 2022.

Out of the said right issue shares, 5,17,800 shares issued for consideration other than cash in lieu of conversion of non-interest bearing Loan of Rs. 3,62,46,000 of promoters authorized via shareholders resolution dated July 09, 2022 passed via postal ballot.

These shares were listed and permitted to trade on the Bombay Stock Exchange (BSE) with effect from Monday, January 9, 2023.

The Paid-up Capital of the Company as on March 31, 2023 is Rs. 5,20,29,460/- divided into 5,20,29,46 Equity Shares of Rs.10/- each.

Utilisation Of Right Issue Proceeds:

The Company raised funds of Rs. 864.00 Lakhs through Initial Public Offering (IPO). The gross proceeds of IPO has been utilized in the manner as proposed in the Offer Document, the details of which are hereunder: (Rs. in Crores)

Original Object	Original Allocation	Funds Utilized
1. Adjustment of unsecured loans against the entitlement of promoters	3.62	3.62
2. Partial Repayment of Loan taken from State Bank of India.	0.50	0.50
3. Working Capital Requirements	1.03	1.03
4. Funding expenditure for General Corporate Purposes	0.75	0.75
5. Issue Expenses	0.16	0.16

Further, there is no deviation/variation in the utilization of the gross proceeds raised through IPO.

Alteration Of The Object Clause Of The Memorandum Of Association Of The Company:

During the year, pursuant to the approval granted by the shareholders resolution dated July 09, 2022 passed via postal ballot the company considered and approved alteration of the Object clause of the Company.

Directors And Key Managerial Personnel:

Constitution of Board:

As on the date of this report, the Board comprises of the following Directors:

Name of Director

Category Cum Designation

Initial date of Appointment

Date of Appointment at current Term & designation

Total Directo r Ships in other co.2

No. of Committee1 in which in which Director Director is is Chairma Members n

No. of Shares held as on March 31, 2023

 

Mr. Harish Manohar Sirwani	Managing Director	09/10/2017	28/08/2018	3	1	-	19,61,146
Mr. Manohar Asandas Sirwani	Non- Executive Director	15/07/2018	15/07/2018	2	0	0	10
Ms. Nidhi Harish Sirwani	Whole-time director	09/10/2017	28/08/2018	3	2	-	14,42,650
#Mr. Shailesh Suresh Bajaj	Non- Executive Independent Director	01/01/2018	31/10/2018	0	-	-	-
Ms. Arvind Durgashankar Pande	Non- Executive Independent Director	27/09/2018	31/10/2018	0	1	-	-
#Mr. Manish Gurumukhdas Karera	Non- Executive Independent Director	05/05/2023	-	0	2	2	-

1 Committee includes Audit Committee, and Shareholders Grievances & Relationship Committee across all Public & Listed Companies including our Company.

2 excluding Section 8 Company, Struck off Company, Amalgamated Company and LLPs.

# After closure of the year, Mr. Shailesh Suresh Bajaj ceased to be Director of the Company & Chairman of Audit & Stakeholders Relationship Committee w.e.f. May 02, 2023 & Mr. Manish Gurumukhdas Karera appointed as Additional Independent Director of the Company & Chairman of Audit & Stakeholders Relationship Committee w.e.f. May 05, 2023.

The composition of Board complies with the requirements of the Companies Act, 2013 ("Act"). Further, in pursuance of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Company is exempted from the requirement of having composition of Board as per Regulation 17 of Listing Regulations. None of the Director of the Company is serving as a Whole-Time Director in any other Listed Company and the number of their directorship is within the limits laid down under section 165 of the Companies Act, 2013.

Board Meeting:

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. During the year under review, Board of Directors of the Company met 12 (Twelve) times as on, May 07, 2022; June 09, 2022; June 27, 2022; August 05, 2022; August 24, 2022, September 08, 2022, September 27, 2022, October 14, 2022, November 17, 2022, December 26, 2022, December 29, 2022 and March 20, 2023.

The details of attendance of each Director at the Board Meetings are given below:

Name of Director	DIN	Designation	Number of Board Meetings Eligible to attend	Number of Board Meetings attended
Mr. Harish Manohar Sirwani	07844075	Managing Director	12	12
Mr. Manohar Asandas Sirwani	07844076	Non - Executive Director	12	12
Ms. Nidhi Harish Sirwani	07941219	Whole-time Director	12	12
Mr. Shailesh Suresh Bajaj	08054342	Non-Executive Independent Director	12	12
Mr. Arvind Durgashankar Pande	08238902	Non-Executive Independent Director	12	12
Mr. Manish Gurumukhdas Karera	10149326	Non-Executive Independent Director	0	0

The gap between two consecutive meetings was not more than one hundred and twenty days as provided in section 173 of the Act.

Independent Directors:

In terms of Section 149 of the Companies Act, 2013 and rules made there under, the Company has two Non-Promoter & Non-Executive Independent Directors. The Company has received necessary declaration from each Independent Director under Section 149 (7) of the Companies Act, 2013 that they meet the criteria of independence laid down in Section 149 (6) of the Act. Further, all the Independent Directors of the Company have registered themselves in the Independent Director Data Bank. In the opinion of the Board, all our Independent Directors possess requisite qualifications, experience, expertise including the Proficiency and hold high standards of integrity for the purpose of Rule 8(5)(iiia) of the Companies (Accounts) Rules, 2014.

A separate meeting of Independent Directors was held on March 20, 2023 to review the performance of Non-Independent Directors and Board as whole and performance of Chairperson of the Company including assessment of quality, quantity and timeliness of flow of information between Company management and Board.

Directors & Key Managerial Personnel:

During the Previous year, there was no change in Directors & Key Managerial personnels of the Company.

However, after closure of the year, Mr. Shailesh Suresh Bajaj ceased to be Director of the Company & Chairman of Audit & Stakeholders Relationship Committee w.e.f. May 02, 2023 & Mr. Manish Gurumukhdas Karera appointed as Additional Independent Director of the Company & Chairman of Audit & Stakeholders Relationship Committee w.e.f. May 05, 2023.

In accordance with Section 203 of the Companies Act, 2013, the Company has Mr. Harish Manohar Sirwani who is acting as Managing Director of the Company. Further, the Company has Ms. Nidhi Harish Sirwani as Chief Financial Officer & Whole Time Director and Ms. Richie Mukesh Kothari as Company Secretary & Compliance Officer of the Company.

Change in Registered office:

During the year, there was no change in Registered Office of the Company.

Performance Evaluation:

The Board of Directors has carried out an annual evaluation of its own performance, board committees and individual directors pursuant to the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in the following manners; The performance of the board was evaluated by the board, after seeking inputs from all the directors, on the basis of the criteria such as the board composition and structure, effectiveness of board processes, information and functioning etc. The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc. The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc. In addition, the chairman was also evaluated on the key aspects of his role.

Separate meeting of independent directors was held to evaluate the performance of non-independent directors, performance of the board as a whole and performance of the chairman, taking into account the views of executive directors and non-executive directors. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated.

Directors Responsibility Statement:

Pursuant to section 134(5) of the Companies Act, 2013, the board of directors, to the best of their knowledge and ability, confirm that: a) In preparation of annual accounts for the year ended March 31, 2023, the applicable accounting standards have been followed and that no material departures have been made from the same; 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 or loss of the Company for the year; c) The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) The Directors had prepared the annual accounts for the year ended March 31, 2023 on going concern basis; e) The Directors had laid down the internal financial controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and 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.

Committees Of Board:

The Board of Directors, in line with the requirement of the act, has formed various committees, details of which are given hereunder.

A. Audit Committee:

The Company has formed audit committee in line with the provisions Section 177 of the Companies Act, 2013. Audit Committee meeting is generally held for the purpose of recommending the half yearly and yearly financial result. Additional meeting is held for the purpose of reviewing the specific item included in terms of reference of the Committee. During the year under review, Audit Committee met 4 (Four) times viz on May 07, 2022, September 08, 2022, October 14, 2022 and December 26, 2022.

The composition of the Committee and the details of meetings attended by its members are given below:

Name	Category	Designation	Number of meetings during the financial year 2022-23
			Eligible to attend	Attended
#Mr. Shailesh Bajaj	Non-Executive Independent Director	Chairperson	4	4
Mr. Arvind Pande	Non-Executive Independent Director	Member	4	4
Mrs. Nidhi Sirwani	Whole-time Director	Member	4	4

# After closure of the year, the Audit Committee was reconstituted & Mr. Shailesh Suresh Bajaj ceased to be Chairman of Audit Committee w.e.f. May 02, 2023 & Mr. Manish Gurumukhdas Karera appointed as Chairman of Audit Committee w.e.f. May 05, 2023.

The Statutory Auditors of the Company are invited in the meeting of the Committee wherever requires. Company Secretary and Chief Financial Officer of the Company are the regular invitee at the Meeting. Recommendations of Audit Committee, wherever/whenever given, have been accepted by the Board of Directors.

Vigil Mechanism:

The Company has established a vigil mechanism and accordingly framed a Whistle Blower Policy. The policy enables the employees to report to the management instances of unethical behavior actual or suspected fraud or violation of Companys

Code of Conduct.

Further the mechanism adopted by the Company encourages the Whistle Blower to report genuine concerns or grievances and provide for adequate safe guards against victimization of the Whistle Blower who avails of such mechanism and also provides for direct access to the Chairman of the Audit Committee in exceptional cases. The functioning of vigil mechanism is reviewed by the Audit Committee from time to time. None of the Whistle blowers has been denied access to the Audit Committee of the Board. The Whistle Blower Policy of the Company is available on the website of the Company www.ronihousehold.com

B. Stakeholders Grievance & Relationship Committee:

The Company has constituted Stakeholders Grievance & Relationship Committee mainly to focus on the redressal of

Shareholders / Investors Grievances, if any, like Transfer / Transmission / Demat of Shares; Loss of Share Certificates;

Non-receipt of Annual Report; Dividend Warrants; etc.

During the year under review, Stakeholders Relationship Committee met 4 (Four) times viz on May 07, 2022; August 05, 2022; October 14, 2022 and March 20, 2023. The composition of the Committee and the details of meetings attended by its members are given below:

Name	Category	Designation	Number of meetings during the financial year 2022-23
			Eligible to attend	Attended
#Mr. Shailesh Bajaj	Non-Executive Independent Director	Chairperson	4	4
Mr. Harish Sirwani	Non-Executive Independent Director	Member	4	4
Mrs. Nidhi Sirwani	Whole-time Director	Member	4	4

# After closure of the year, the Stakeholders Relationship Committee was reconstituted & Mr. Shailesh Suresh Bajaj ceased to be Chairman of the Committee w.e.f. May 02, 2023 & Mr. Manish Gurumukhdas Karera appointed as Chairman of Stakeholders Relationship Committee w.e.f. May 05, 2023.

The Company Secretary of the company acts as secretary for the Committees & was present in meetings of Stakeholders Grievance & Relationship Committee held during the year. There was no complaint received from shareholders pending as on March 31, 2023.

C. Nomination and Remuneration Committee:

The Company has formed Nomination and Remuneration committee in line with the provisions of Section 178 of the Companies Act, 2013. Nomination and Remuneration Committee meetings are generally held for identifying the persons who are qualified to become Directors and may be appointed in senior management and recommending their appointments and removal. During the year under review, Nomination and Remuneration Committee met twice, viz on September 08, 2022 & March 20, 2023.

The composition of the Committee and the details of meetings attended by its members are given below:

Name	Category	Designation	Number of meetings during the financial year 2022-23
			Eligible to attend	Attended
Mr. Manohar Sirwani	Non-Executive Director	Chairperson	2	2
#Mr. Shailesh Bajaj	Non-Executive Independent Director	Member	2	2
Mr. Arvind Pande	Non-Executive Independent Director	Member	2	2

#After closure of the year, the Nomination and Remuneration Committee was reconstituted & Mr. Shailesh Suresh Bajaj ceased to be member of the Committee w.e.f. May 02, 2023 & Mr. Manish Gurumukhdas Karera appointed as member of Nomination and Remuneration Committee w.e.f. May 05, 2023.

Nomination and Remuneration Policy:

Nomination and Remuneration Policy in the Company is designed to create a high performance culture. It enables the Company to attract motivated and retained manpower in competitive market, and to harmonize the aspirations of human resources consistent with the goals of the Company. The Company pays remuneration by way of salary, benefits, perquisites and allowances to its Executive Directors and Key Managerial Personnel. Annual increments are decided by the Nomination and Remuneration Committee within the salary scale approved by the members and are effective from April 1, of each year. The Nomination and Remuneration Policy, as adopted by the Board of Directors, is placed on the website of the Company at www.ronihousehold.com.

Remuneration of Director:

The details of remuneration paid during the financial year 2022-23 to directors of the Company is provided in Form MGT-7 available at website of the Company, i.e., http://www.ronihouseholds.com/investors/

Public Deposit:

The company has not accepted any deposits from the public. Hence, the directives issued by the Reserve Bank of India & the Provision of Section 73 to 76 of the Company Act, 2013 or any other relevant provisions of the Act and the Rules there under are not applicable.

Particulars Of Loans, Guarantees, Investments & Security:

Details of Loans, Guarantees, Investments and Security covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statement.

Annual Return:

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2023 is available on the Companys website on http://www.ronihouseholds.com/investors/.

Contracts Or Arrangements With Related Parties:

All the Related Party Transactions entered during the financial year were on an Arms Length basis and in the Ordinary

Course of Business. There are no materially significant Related Party Transactions, i.e exceeding rupees one thousand crore or 10% of the annual consolidated turnover as per the last audited financial statement ,whichever is lower or a transaction involving payments with respect to brand usage or royalty entered into individually or taken together with previous transactions during the financial year, exceeding five percent of the annual consolidated turnover of the Company as per the last audited financial statements, made by the Company with Promoters, Directors, Key Managerial Personnel (KMP) and other related parties which may have a potential conflict with the interest of the Company at large, were entered during the year by your Company. The disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013, in Form AOC-2 is not applicable. Further, prior omnibus approval of the Audit Committee is obtained on yearly basis for the transactions which are of a foreseen and repetitive nature. The transactions entered into pursuant to the omnibus approval so granted were placed before the Audit Committee and the Board of Directors for their review & approval. The details of the related party transactions for the financial year 2022-23 is given in notes of the financial statements which is part of Annual Report. The Policy on Related Party Transactions as approved by the Board of Directors is available on the website of the Company at www.ronihousehold.com.

Disclosure of remuneration:

The ratio of the remuneration of each director to the median of employees remuneration as per Section 197(12) of the

Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable as Company has all laborer on daily wages and no permanent employees on roll except Company Secretary. Further no Remuneration has been paid to Executive Directors of the Company.

Material changes and commitment:

There are no material changes and commitments, affecting the financial position of the Company, have occurred between the ends of financial year of the Company i.e. March 31, 2023 to the date of this Report.

Sexual harassment of women at workplace:

To foster a positive workplace environment, free from harassment of any nature, we have institutionalized the Anti-Sexual Harassment Initiative (ASHI) framework, through which we address complaints of sexual harassment at the all workplaces of the Company. Our policy assures discretion and guarantees non-retaliation to complainants. We follow a gender-neutral approach in handling complaints of sexual harassment and we are compliant with the law of the land where we operate. Further, the company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the financial year 2022-23, the Company has received nil complaints on sexual harassment, out of which nil complaints have been disposed off and nil complaints remained pending as of March 31, 2023.

Energy conservation, technology absorption and foreign exchange earnings and outgo:

(Pursuant to Section 134 (3) (m) of the Companies Act, 2013 & and rules made there under)

A. Conservation of energy i.) The steps taken or impact on conservation of energy: The Company has taken measures and applied strict control system to monitor day to day power consumption, to endeavor to ensure the optimal use of energy with minimum extent possible wastage as far as possible. The day to day consumption is monitored and various ways and means are adopted to reduce the power consumption in an effort to save energy. ii.) The steps taken by the Company for utilizing alternate sources of energy: The Company has not taken any step for utilizing alternate sources of energy. iii.) The capital investment on energy conservation equipment: During the year under review, Company has not incurred any capital investment on energy conservation equipment.

B. Technology absorption i.) The effort made towards technology absorption: The Company has not imported any technology and hence there is nothing to be reported here. ii.) The benefit derived like product improvement, cost reduction, product development or import substitution: None iii.) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year) a. The details of technology imported: None b. The year of import: None c. Whether the technology has been fully absorbed: None d. If not fully absorbed, areas where absorption has not taken place, and the reasons thereof: None

C. The expenditure incurred on Research and Development: NIL D. Foreign Exchange Earnings & Expenditure:

Earnings - Nil Outgo - Nil

Secretarial standards of ICSI:

The Company is in compliance with the Secretarial Standard on Meetings of the Board of Directors (SS-1) and General Meeting (SS-2) issued by the Institute of Company Secretaries of India and approved by the Central Government.

Risk management:

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk exposure, potential impact and risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact, if triggered. A detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non-business risks.

Internal financial control systems and their adequacy:

The Company has an effective internal control system, which ensures that all the assets of the Company are safeguarded and protected against any loss from unauthorized use or disposition. The Internal Auditors of the Company carry out review of the internal control systems and procedures. The internal audit reports are reviewed by Audit Committee. The Company has also put in place adequate internal financial controls with reference to the financial statements commensurate with the size and nature of operations of the Company. During the year, such controls were tested and no material discrepancy or weakness in the Companys internal controls over financial reporting was observed.

Corporate governance:

The Company strives to incorporate the appropriate standards for corporate governance. However, pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company is not required to mandatorily comply with the provisions of certain regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and therefore the Company has not provided a separate report on Corporate Governance, although few of the information are provided in this report under relevant heading.

Management discussion and analysis report:

In terms of Regulation 34, and Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a review of the performance of the Company, for the year under review, Management Discussion and Analysis Report, is presented in a separate section forming part of this Annual Report as Annexure -A.

Statutory auditor and their report:

Pursuant to the provisions of Section 139 of the Companies Act, 2013 read with rules made thereunder, M/s. D G M S & CO, Chartered Accountant, Jamnagar (formerly known as M/s. Doshi Maru & Associates, Chartered Accountant,

Jamnagar) (FRN: 0112187W), were appointed as Statutory Auditors of the Company to hold office till conclusion of the Annual General Meeting (AGM) of the company to be held in the calendar year 2026.

The Notes to the financial statements referred in the Auditors Report are self-explanatory and therefore do not call for any comments under Section 134 of the Companies Act, 2013. The Auditors Report does not contain any qualification, reservation or adverse remark. The Auditors Report is enclosed with the financial statements in this Annual Report.

Reporting of fraud:

The Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013.

Maintenance of cost record:

Since the company is not falling under prescribed class of Companies, our Company is not required to maintain cost records.

Information on subsidiary, associate and joint venture companies:

As on March 31, 2023, the Company has following subsidiaries:

Name	Category
1. Roni International LLC	Wholly Owned Subsidiary
2. $Roni Agro Private Limited	%Wholly Owned Subsidiary

Limited.

% After closure of the year, Roni Agro Limited ceased be wholly owned Subsidiary pursuant to preferential issue made by the subsidiary company & became Subsidiary company w.e.f. June 15, 2023.

Secretarial auditor and their report:

Pursuant to the provisions of Section 204 of the Act read with The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company has appointed M/s. Payal Dhamecha & Associates, Practicing Company Secretary, Ahmedabad to conduct the Secretarial Audit of the Company for the financial year 2022-23. The Secretarial Audit Report is annexed herewith as Annexure B to this Report.

Website:

As per Regulation 46 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 the Company has maintained a functional website namely "www.ronihousehold.com" containing basic information about the Company.

The website of the Company is containing information like Policies, Shareholding Pattern, Financial and information of the designated officials of the Company who are responsible for assisting and handling investor grievances for the benefit of all stakeholders of the Company etc.

The details of application made or any proceeding pending under the insolvency and bankruptcy code, 2016 during the year along with their status as at the end of the financial year:

During the Financial Year 2022-23, there was no application made and proceeding initiated /pending under the Insolvency and Bankruptcy Code, 2016, by any Financial and/or Operational Creditors against your Company. As on the date of this report, there is no application or proceeding pending against your company under the Insolvency and Bankruptcy Code, 2016.

General disclosure:

Your Directors state that the Company has made disclosures in this report for the items prescribed in section 134 (3) of the Act and Rule 8 of The Companies (Accounts) Rules, 2014 and other applicable provisions of the act and listing regulations, to the extent the transactions took place on those items during the year. Your Directors further state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review; (i) Issue of Equity Shares with differential rights as to dividend, voting or otherwise; (ii) Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and ESOS; (iii) Annual Report and other compliances on Corporate Social Responsibility; (iv) There is no revision in the Board Report or Financial Statement; (v) No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future; (vi) 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.

Acknowledgement:

Your Directors wish to place on record their sincere appreciation for significant contributions made by the employees at all levels through their dedication, hard work and commitment, enabling the Company to achieve good performance during the year under review. Your Directors also take this opportunity to place on record the valuable co-operation and support extended by the banks, government, business associates and the shareholders for their continued confidence reposed in the Company and look forward to having the same support in all future endeavors.

Registered office:	By order of the Board of Directors
Plot No. F - 55, Addl. MIDC Area, Ajanta	For, Roni Households Limited
Road, Jalgaon - 425003, Maharashtra.
	Sd/-	Sd/-
Place: Jalgaon	Nidhi Sirwani	Harish Manohar
Date: July 17, 2023	Whole-Time Director	Sirwani
	DIN: 07941219	Managing Director
		DIN: 07844075