Dear Shareholders,
On behalf of the Board of Directors, it is our pleasure to present the Fifty One (51st)
Annual Report together with the Audited Statement of Accounts of M/s. Shelter Infra
Projects Limited ("the Company") for the year ended 31st March, 2023.
Financial Performance
The summarized standalone results of your Company are given in the table below.
| Particulars |
Financial Year ended |
|
Rs. in Lacs |
|
Standalone |
|
31/03/2023 |
31/03/2022 |
| Total Income |
145.71 |
241.85 |
| Profit/(loss) before Interest, Depreciation & Tax (EBITDA) |
(28.23) |
(19.77) |
| Finance Charges |
0.22 |
2.90 |
| Depreciation |
11.19 |
13.41 |
| Provision for Income Tax |
|
|
| (including for earlier years) |
(0.79) |
(20.72) |
| Net Profit/ (Loss) After Tax |
(40.43) |
(56.80) |
| Profit/(Loss) brought forward from previous year |
208.78 |
265.58 |
| Amount transferred consequent to Scheme of Merger |
- |
- |
| Profit/(Loss) carried to Balance Sheet |
168.35 |
208.78 |
Previous year figures have been regrouped/rearranged wherever necessary.
SHARE CAPITAL:
The paid up Equity Share Capital as on March 31, 2023 was Rs. 3,56,62,000/- consisting
of 3566200 shares of Rs. 10/- each. The Company has not issued shares with differential
voting rights nor granted stock options nor sweat equity during the Financial Year under
review.
DIVIDEND:
Your Directors regret not to declare any Dividend for the Financial Year under review
as operating profit will be absorbed for the future development of projects.
FINANCIAL PERFORMANCE
During the Financial Year under review, total revenue decreased from Rs. 241.86 Lakhs
to Rs. 145.71 Lakhs. The Company has incurred loss of Rs. 40.43 Lakhs during the Financial
Year 2022-23 compared to the loss of Rs. 56.80 Lakhs incurred during the Financial Year
2021-2022 due to sustaining business in the most economical and budget friendly manner.
TRANSFER TO RESERVE
The Board of the company does not recommend any amount to be transferred to Reserves in
view of losses being incurred during the Financial Year 2022-23.
CHANGE IN NATURE OF BUSINESS, IF ANY
There was no change in the nature of the Business of the Company during the FY 2022-23.
MATERIAL CHANGES & COMMITMENTS
Pursuant to Sec 134 (4) (l) of the Companies Act, 2013 (the Act), no material changes
& Commitments affecting financial position of the company occurring between the end of
the financial year of the company to which the financial statements relate and the date of
the report.
CHANGES IN SHARE CAPITAL DURING FY-2022-23
There was no change in Share Capital during the Financial Year 2022-2023 under review.
SUBSIDIARY / JOINT VENTURES / ASSOCIATES
Your Company has no Subsidiaries or Associate or Joint Venture Company. However, the
Company is the Subsidiary of M/s Ramayana Promoters Private Limited in respect of its
holding more than 50% Share Capital.
PARTICULARS OF LOANS, INVESTMENTS AND GUARANTEES
Details of loans, guarantees and investments covered under Section 186 of the Companies
Act, 2013 are provided in the notes to the Financial Statement as attached with this
Annual Report.
INDUSTRY SCENARIO IN FUTURE:
The real estate sector is one of the most globally recognized sectors. The real estate
sector comprises four sub sectors - housing, retail, hospitality and commercial. The
growth of this sector is well complemented by the growth of the corporate environment and
the demand for office space as well as urban and semi-urban accommodations. The
construction industry ranks third among the 14 major sectors in terms of direct, indirect
and induced effects in all sectors of the economy. The residential real estate sector in
India is witnessing a remarkable transformation, driven by evolving consumer preferences,
changing lifestyles, and demographic shifts.
The Post-Covid19 Normal, advancements in technology, and the changing homebuyer
demographic have created an undeniable impact on the real estate sector. Compelled to
implement the modes of digitization and technology such as AI, AR, VR, Data, and Analytics
- Big Tech has opened the door for unlocking the potential of the real estate industry.
The sector is headed towards an all-inclusive tech upgradation in the form of smart homes
and automation via IoT, AI, etc. The very definition of real estate has now changed and is
extending beyond the purview of four walls to provide a comprehensive 360-degree
experience to the end user. The COVID-19 pandemic has caused a shift in peoples attitudes
toward homeownership, with many individuals now prioritising the acquisition of a home
over renting. This change can be attributed to the social distancing measures and
isolation protocols implemented during the phased lockdowns, leading people to recognise
the benefits of having a spacious residence with distinct areas for work, study, and
leisure. The pandemic made distance irrelevant as more and more companies turned to remote
work and hub-and-spoke styles of working. The purpose of these spaces is to enhance and
streamline the working environment and make it more adaptable to its consumers. Many
coworking spaces are going the extra mile by designing sustainable spaces with ample
natural light, open-plan spaces, plants that improve indoor air quality, etc. In addition,
a focus on health, well-being, open spaces, and smarter workplace designs will make
commercial real estate propositions more appealing.
The real estate market in India has seen significant private equity investment in the
first half of Financial Year 2023. Real estate sector in India is expected to contribute
13% to the countrys GDP by 2025. Indian real estate is expected to increase by 19.5% CAGR
from 2017 to 2028. Currently worth $200 billion, the sector is projected to reach $1
trillion and employ nearly 70 million people by 2030. The industry continues to grow and
adapt to big tech, with steady post-pandemic demand and confidence in the commercial real
estate sector, signaling an upsurge in economic activity, especially in sectors like
residential, offices, warehousing, data centers, etc. By 2040, real estate market will
grow to 65,000 crore from 12,000 crore in 2019. Retail, hospitality and commercial real
estate are also growing significantly, providing the much-needed infrastructure for
Indias growing needs.
STATE OF THE COMPANYS AFFAIRS
Pursuant to Sec 134 (3) (i) of the Companies Act, 2013 (the Act) as we look forward
to 2023, the macroeconomic environment is expected to continue to improve. Real estate has
historically provided a strong inflation hedge. Key to this is the ability for landlords
to re-price rents upward. Higher construction and materials costs theoretically increase
the replacement cost of existing assets while also restricting new supply, which tends to
keep rents high. The single-family housing sector pricing and sales continues to
strengthen, albeit at a slow and inconsistent pace. The positive macroeconomic parameters
could potentially provide a further boost to the strengthening Commercial Real Estate
recovery.
FIXED DEPOSITS:
Your Company has not accepted any deposits within the meaning of Section 73 of the
Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.
EXTRACT OF ANNUAL RETURN;
Extract of the Annual Return vide MGT-9 is enclosed as an Annexure-1, in terms of
Section 92(3) of the Companies Act, 2013.The same is also available at Companys website
at www.ccapltd.in
CHANGE IN BOARD OF DIRECTORS
Mrs. Sweta Patwari (DIN-07514682), appointed as a Women Director in Independent
capacity for a term of 5(Five) years on and from dated 15th July, 2022 which
had been approved by the Shareholders at the Annual General Meeting held on 19th
August, 2022.
BOARD MEETINGS:
During the Financial year Nine (9) meetings of Board of Directors held on 02.05.2022,
30.05.2022, 03.06.2022, 10.06.2022, 15.07.2022, 11.08.2022, 16.09.2022, 11.11.2022 and
09.02.2023.
| Name of Director |
No. of Board meetings attended |
Attendance at last AGM |
| MR. ARUNANSU GOSWAMI |
9 |
YES |
| MR. SANKALAN DATTA |
9 |
YES |
| MR. KAJAL CHATTERJEE |
9 |
YES |
| MR. KAMAL KISHORE CHOWDHURY |
9 |
YES |
| MRS. SUMITA MUKHERJEE |
5 |
NO |
| MRS. SWETA PATWARI |
4 |
YES |
COMMITTEES OF BOARD:
To comply with the provisions of section 177 and 178 of the Companies Act,
2013("the Act) and Rule 6 of the Companies (Meeting of board and its powers) Rules,
2014 the following Committees have been constituted by the Board of Director of the
Company.
1. Audit Committee
2. Nomination & Remuneration Committee
3. Stakeholders Relationship Committee
1. Audit Committee Meeting
a) During the Financial year 2022-2023 the Audit Committee held 7(Seven) meetings on
02.05.2022, 30.05.2022, 03.06.2022, 10.06.2022, 11.08.2022, 11.11.2022 and 09.02.2023.
| Name of Director |
No. of meetings attended |
| MR. ARUNANSU GOSWAMI |
7 |
| MR. SANKALAN DATTA |
7 |
| MRS. SUMITA MUKHERJEE |
4 |
| MRS. SWETA PATWARI |
3 |
2. Nomination & Remuneration Committee
a) During the Financial year 2022-2023 the Nomination & Remuneration Committee held
3(Three) Meetings on 10.06.2022, 15.07.2022, 16.09.2022
| Name of Director |
No. of meetings attended |
| MR. ARUNANSU GOSWAMI |
3 |
| MR. SANKALAN DATTA |
3 |
| MRS. SUMITA MUKHERJEE |
2 |
| MRS. SWETA PATWARI |
1 |
3. Stakeholders Relationship Committee
a) During the Financial Year under Review, the Committee held 1(one) Meeting as on
dated 15.07.2022.
| Name of Director |
No. of meetings attended |
| MR. ARUNANSU GOSWAMI |
1 |
| MR. SANKALAN DATTA |
1 |
| MRS. SUMITA MUKHERJEE |
1 |
CHANGE IN COMMITTEES OF BOARD:
There has been a change in the above committees of the Board of Directors due to the
Resignation of Mrs. Sumita Mukherjee and Appointment of Mrs. Sweta Patwari on and from
dated 15th July, 2022 during the Financial Year 2022-23.
KEY MANAGERIAL PERSONNEL OF THE COMPANY
The following persons are Key Managerial Personnel of the Company for the financial
year under review:-
| 1. Mr. Kamal Kishore Chowdhury - |
Whole Time Director |
| 2. Ms. Aparupa Das - |
Company Secretary (Resigned as on date 30.09.2022) |
| 3. Mr. Dharmendra Kumar Singh - |
Company Secretary (Appointed as on date 01.10.2022) |
| 3. Mr. Asish Chatterjee - |
Chief Financial Officer(Resigned as on date 10.06.2022) |
| 4. Mr. Somesh Bagchi - |
Chief Financial Officer((Appointed as on date 16.09.2022) |
Change in Key Managerial Personnel:
There has been a change in the Composition of the Key Managerial Personnel i.e. Company
Secretary and Chief Financial Officer respectively due to the resignation of Ms. Aparupa
Das (Company Secretary) on dated 30.09.2022, appointment of Mr. Dharmendra Kumar Singh
(Company Secretary) on dated 01.10.2022, Resignation of Mr. Asish Chatterjee (CFO) on
10.06.2022 and appointment of Mr. Somesh Bagchi (CFO) on dated 16.09.2022 during the
Financial Year 2022-23.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
In accordance with Section 177(9) and (10) of the Companies Act, 2013 and Regulation 22
of under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the
Company has established a Vigil Mechanism and has a Whistle Blower Policy. The policy is
available at the Companys website www.ccapltd.in under link - http://ccapltd.in/VIGIL%20MECHANISM.pdf.
DIRECTORS RESPONSIBILITY STATEMENT:
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the
Companies Act, 2013, your Directors confirm that:
a) In the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
b) The directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit and loss of the company for that period;
c) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;
d) The directors had prepared the annual accounts on a going concern basis; and
e) The directors had laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively.
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.
DECLARATION BY INDEPENDENT DIRECTORS:
The Company has received necessary declarations from all the Independent Directors
under Section 149(7) of the Companies Act, 2013, that they meet the criteria of
independence as provided in Section 149(6) of the Companies Act, 2013.
Pursuant to Sec 134 (3)(q) of the Companies Act, 2013 (the Act) The Independent
Directors hold office for a fixed term of 5 years and are not liable to retire by
rotation. No Independent Director has retired during the year.
COMPANYS POLICY ON APPOINTMENT AND REMUNERATION:
This Policy envisages the role and responsibility of the Independent Directors,
Constitution of the Nomination and Remuneration Committee, term of appointment of
Managerial Personnel, Directors, KMPs, Senior Management, remuneration of the Managerial
Personnel, KMPs, Senior Management, Independent Directors, Stock Options to Managerial
Personnel, KMPs, Senior Management, other employees, evaluation of Managerial Personnel
under Sec. 134 of the Act, KMPs, Senior Management, Independent Directors, etc. The
Nomination and Remuneration Committee will consist of three or more nonexecutive
directors, out of which at least one-half shall be independent director(s), provided that
Chairperson of the Company may be appointed as a member of this Committee but shall not
chair such Committee. The Board shall reconstitute the Committee as and when required to
comply with the provisions of the Companies Act, 2013 and applicable statutory
requirements including the Listing Agreement. The meeting of Committee shall be held at
such regular intervals as may be required to carry out the objectives set out in the
Policy. The Committee members may attend the meeting physically or through Video
conference or through permitted audio -visual mode, subject to the provisions of the
applicable laws. The Committee shall have the authority to call such employee (s), senior
official(s) and / or externals, as it deems fit. The Company Secretary shall act as
Secretary to the Committee. For detailed information about the policy your are requested
to visit your company website www.ccapltd.in.
Pursuant to Section 197(14) of the Companies Act, 2013 (the Act), There is no receipt
of any commission by MD / WTD from a Company and also not receiving commission /
remuneration from it Holding or subsidiary.
STATUTORY AUDITORS, THEIR REPORT AND NOTES TO FINANCIAL STATEMENTS:
In terms of the provisions of Section 139 of the Companies Act, 2013 read with
provisions of the Companies (Audit and Auditors) Rules, 2014 as amended, M/s. Basu
Chanchani & Deb, Chartered Accountants (ICAI Firm Registration No. 301174E) be and is
hereby re-appointed as the Statutory Auditors of the Company to hold the office for the
second term of five years beginning from the conclusion of the 50th Annual General Meeting
till the conclusion of the 55th Annual General Meeting of the Company scheduled to be held
in the year 2027.
The members may note that consequent to the changes made in the Companies Act, 2013 and
the Companies (Audit and Auditors) Rules, 2014 by the Ministry of Corporate Affairs (MCA)
vide notification dated May 7, 2018, the proviso to Section 139 of the Companies Act, 2013
read with explanation to sub-rule 7 of Rule 3 of the Companies (Audit and Auditors) Rules,
2014, the requirement for ratification of Auditors appointment at every AGM has been done
away. Therefore, the requirement of ratifying the appointment of M/s. Basu Chanchani &
Deb, as the Auditors of the Company at the every AGM does not arise.
Your Company has received a certificate from M/s. Basu Chanchani & Deb, Chartered
Accountants confirming their eligibility to continue as Auditors of the Company in terms
of the provisions of Section 141 of the Companies Act, 2013 and the Rules framed there
under. They have also confirmed that they hold a valid certificate issued by the Peer
Review Board of the Institute of Chartered Accountants of India (ICAI) as required under
the provisions of Regulation 33 of the Listing Regulations.
EXPLANATION TO AUDITORS REMARKS
> The Company has not provided any amortization cost for development rights of
Rs.556.30 Lakhs. The amount due for amortization up to date not yet ascertained by the
Management.
> Liability of lease rent had not yet been paid or provided in books of accounts in
respect of DN-1, Eternity Building, Sector-V, Salt Lake, Kolkata-91 and IB 63, Sector-III,
Salt Lake. Moreover the quantum of lease amount based on lease deeds had not yet been
ascertained in absence of the current market price of the said properties. However the
matter will be dealt with in future with the relevant authorities.
> The company had discussed the matter i.e. No Provision for Obsolete stocks in the
Board Meeting and due attention shall be given on the same in the financial year 2023-2024
.
> All the pending provision will be taken in consideration after getting valuation
work done by the Registered Valuer in considering the fact with the Management.
SECRETARIAL AUDIT:
In terms of Section 204 of the Act and Rules made there under, Ms. Soma Saha, a
Practicing Company Secretary (C.P. No. 12237, Mb No: 33125), having its office at 10, Old
Post Office Street Room No: 42A, Kolkata - 700 001, have been appointed as Secretarial
Auditor of the Company for the Financial Year 2022-2023. The report of the Secretarial
Auditor is enclosed as an Annexure-2 to this report. The observation made therein is taken
note of by the management and necessary steps have been taken to rectify it.
BOARD EVALUATION:
Securities Exchange Board of India (SEBI) vide its circular no.
SEBI/HO/CFD/CMD/CIR/P/2017/004 dated 5th January, 2017 had issued a guidance note on Board
Evaluation which inter alia contains indicative criterion for evaluation of the Board of
Directors, its Committees and the individual members of the Board.
Pursuant to the new Evaluation Framework adopted by the Board, the Board adopted a
formal mechanism for evaluating its performance and as well as that of its Committees and
individual Directors for the financial year 20222023. The exercise was carried out through
a structured evaluation process covering various aspects of the Boards functioning such as
composition of the Board & Committees, experience & competencies, performance of
specific duties & obligations, attendance of the meetings, governance issues etc.
Separate exercise was carried out to evaluate the performance of individual Directors who
were evaluated on parameters such as attendance, contribution at the meetings and
otherwise, independent judgment, safeguarding of minority shareholders interest etc.
The individual Directors performance was also evaluated and the Board was of the view
that the Directors fulfilled their applicable responsibilities and duties as laid down by
the Listing Regulations and the Companies Act, 2013 and at the same time contributed with
their valuable knowledge, experience and expertise to grab the opportunity and counter the
adverse challenges faced by the Company during the year under review.
RISK MANAGEMENT POLICY
Pursuant to Section 134(3)(n) of the Companies Act, 2013 and Regulation 17(9) of under
SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the Company has
developed and implemented a Risk Management Policy. The Policy envisages identification of
risk and procedures for assessment and minimization of risk thereof.
HUMAN RESOURCES:
Your Company treats its "Human Resources" as one of its most important
assets.
Your Company continuously invests in attraction, retention and development of talent on
an ongoing basis. A number of programs that provide focused people attention are currently
underway. Your Company thrust is on the promotion of talent internally through job
rotation and job enlargement.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS:
Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (viii) of Cos (Accounts) Rules, 2014 of the
Companies Act, 2013 (the Act), During the year under review, the no significant and
material orders were passed by the regulators or courts or tribunals impacting the going
concern status and companys operations except:
| Statue |
Nature of Dues |
Amount(Rs in Lakhs) |
Financial Year |
Regulators |
| Income Tax Act 1961 |
Income tax and Interest |
1082.00 |
2012-13 |
CIT Appeal, Kolkata |
| Income Tax Act 1961 |
Income tax and Interest |
233.88 |
2014-15 |
CIT Appeal Kolkata |
| GST |
Service Tax & Penalties |
346.36 |
2011-16 |
Service Tax Appellate Tribunal |
| SEBI ACT/SCRA act,1956 |
Penalty |
57.00 |
Dec 2016 |
SATS MUMBAI |
INTERNAL FINANCIAL CONTROLS
Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (vii) of Cos (Accounts) Rules, 2014 of the
Companies Act, 2013 (the Act)The internal financial controls with reference to the
Financial Statements are commensurate with the size and nature of business of the Company.
Audit committee of your company has performed regular review on internal financial
controls of your company.
RELATED PARTY TRANSACTIONS:
The particulars of every contract or arrangements entered into by the Company with
related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013
including certain arms length transactions under third proviso thereto shall be disclosed
in Form No. AOC-2 as an Annexure-3.
The Company has formulated a policy on materiality of Related Party Transactions and
also on dealing with Related Party Transactions. The policy is available on the Companys
website www.ccapltd.in under link http://ccapltd.in/RELATED%20PARTY%20TRANSACTION%20PQLICY.pdf.
PREVENTION OF INSIDER TRADING:
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view
to regulate trading in securities by the Directors and designated employees of the
Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits
the purchase or sale of Company shares by the Directors and the designated employees while
in possession of unpublished price sensitive information in relation to the Company and
during the period when the Trading Window is closed. The Board is responsible for
implementation of the Code. All Board Directors and the designated employees have
confirmed compliance with the Code.
TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND DURING THE FINANCIAL YEAR
UNDER REVIEW
The Company have not declared any Dividend since the Financial Year 2011-12, however
the last Dividend declared was for the Financial Year 2010-11 and in accordance with the
provisions of Section 124, 125 and other applicable provisions, if any, of the Companies
Act,2013, read with the Investor Education and Protection Fund Authority (Accounting,
Audit, Transfer and Refund) Rules,2016 (including any statutory modification(s) or
re-enactment(s) thereof for the time being in force) the amount of dividend remaining
unclaimed or unpaid for a period of seven years from the date of transfer to the unpaid
dividend account is required to be transferred to the IEPF, maintained by the Central
Government. In pursuance of this, the dividend remaining unclaimed or unpaid in respect of
dividends for the Financial Year 2010-2011 have been transferred to the IEPF. The
Statement of amounts credited to Investor-IEPF-1-for all the previous years in which
dividends declared before and for 2010-2011 , is available on the Companys
website:http://www.ccapltd.in/
Members/claimants whose shares or unclaimed dividends, have been transferred to the
IEPF Demat Account or the Fund, as the case may be, may claim such shares or apply for
refund by making an application to the IEPF Authority in Form IEPF-5 (available at
http://www.iepf.gov.in).
CORPORATE GOVERNANCE
Pursuant to Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as the paid-up Share Capital of the Company is less than 10 Crores and
its Reserves are less than 25 Crore, provisions of the Corporate Governance is not
applicable to your Company. However, adequate steps have been taken for better corporate
governance.
INDUSTRIAL RELATIONS:
During the year under review, your Company enjoyed cordial relationship with workers
and employees at all levels.
DISCLOSURE UNDER SECTION 197 (12) AND RULE 5 OF THE COMPANIES (APPOINTMENT &
REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2016
Information in accordance with the provisions of Section 197(12) of the Companies Act,
2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2016 is given in Annexure-4 forming part of the Directors Report
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT. 2013
The company has in place an Anti -Sexual Harassment Policy in line with the
requirements of The Sexual Harassment of Woman at the Workplace (Prevention, Prohibition
& Redressal) Act 2013. Internal Complaints Committee (ICC) has been set up to redress
complaint received regarding sexual harassment. All Employees (permanent, Contractual,
temporary, trainees) are covered under this policy.
The fo lowing is a summary of sexual harassment complaints received and disposed of
during each calendar year.
-No of Complaints Received -NIL -No of Complaints Disposed off -NIL
SECRETARIAL STANDARDS
The Board of Directors hereby affirms that your Company has adhered to the Secretarial
Standards as prescribed by the Institute of Company Secretaries of India during the
financial year under report.
DETAILS OF CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO
Although your Companys core activity is in the area of civil construction which is not
power intensive, your Company is making every efforts to conserve the power. Critical
natural resources like Diesel etc. are consumed efficiently to ensure proper energy
utilization and conservation. During the period under review there was no foreign exchange
earnings or out flow.
COST AUDIT RECORD
The company is not required to maintain Cost Audit records in term of Section 148 (1)
of the Companies Act, 2013. CORPORATE SOCIAL RESPONSIBILITY (CSR)
Corporate Social Responsibility Rules under Sec. 135 of the Companies Act, 2013 is not
applicable to your Company, ACKNOWLEDGEMENT
The Directors are grateful to the various Departments and agencies of the Central and
State Governments for their help and co-operation. They are thankful to the Financial
Institutions and Banks for their continued help, assistance and guidance. The Directors
wish to place on record their appreciation of employees at all levels for their commitment
and their contribution.
|
On behalf of the Board |
|
|
For Shelter Infra Projects Limited |
|
|
KAMAL KISHORE CHOWDHJRY |
SANKALAN DATTA ( |
|
DIN- 06742937 |
DIN - 02478232 |
| Date: 18.07.2023 |
(WHOLE TIME DIRECTOR) |
(DIRECTOR) |
| Place. KOLKATA |
|
|
+91-9892691696
