Shradha Infraprojects Ltd Directors Report.

Dear Members,

The Board of Directors of Shradha Infraprojects Limited [Formerly known as Shradha Infraprojects (Nagpur) Limited] ("the Company" or "SHRAHDA") are pleased to present the Twenty Second (22nd) Annual Report of the Company together with the Audited Financial Statements (Standalone and Consolidated) for the year ended March 31, 2019 ("year under review" or "Financial Year 2018-19" or "FY 2018-19").

1. FINANCIAL SUMMARY

The Companys financial performance (Standalone & Consolidated) for the financial year ended March 31, 2019 as compared to the previous financial year ended March 31,2018 is summarised below:

STANDALONE AND CONSOLIDATED FINANCIAL RESULTS

(Amount in Rs.)

Particulars

Standalone

Consolidated

2018-19 2017-18 2018-19* 2017-18
Revenue from Operations 1,75,00,000 7,91,86,000 10,20,98,000 10,67,12,626
Other Income 3,35,00,221 2,67,02,071 4,09,96,956 2,83,41,369
Total Income 5,10,00,221 10,58,88,071 14,30,94,956 13,50,53,995
Total Expenses 1,83,84,602 6,28,74,385 9,78,99,615 8,69,63,536
Profit Before Tax 3,26,15,619 4,30,13,686 4,51,95,341 4,80,90,459
Tax Expenses 83,38,411 84,22,106 1,28,81,498 97,96,142
Profit After Tax 2,42,77,208 3,45,91,580 3,23,13,843 3,82,94,318
Minority Interest (21,10,462) 12,56,248
Profit After Minority Interest 3,44,24,305 3,70,38,070

*Active Infrastructures Private Limited became a Wholly Owned Subsidiary of the Company as per the Section 2(87) of the Companies Act (the Act) and Regulation 2(1)(zm) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) with effect from June 22,2018.

HIGHLIGHTS OF THE COMPANYS FINANCIAL PERFORMANCE

The highlights of the Companys performance (Standalone) for the financial ended March 31, 2019 are summarized below:

Revenue from Operations for the FY 2018-19 is Rs. 510.00 Lakhs against 1058.88 Lakhs for the FY 2017-18.

Profit before Tax for the FY 2018-19 is Rs. 326.16 Lakhs against Rs. 430.14 Lakhs for the FY 2017-18.

Net Profit for the FY 2018-19 is Rs. 242.77 Lakhs as compared to Rs. 345.92 Lakhs.

Earnings Per Share (EPS) for the FY 2018-19 is Rs. 2.52 vis-a-vis Rs. 4.23 as on FY 2017-18.

The highlights of the Companys performance (Consolidated) for the financial ended March 31, 2019 are summarized below:

Total Consolidated Revenue from Operations and other Income, for the FY 2018-19 was Rs. 1430.95 Lakhs as compared to Rs. 1,350.54 Lakhs in FY 2017-18.

Consolidated Profit Before Tax for the FY 2018-19 was Rs. 451.95 Lakhs as compared to Rs. 480.90 Lakhs in 2018. Consolidated Profit After Tax for the FY 2018-19 was Rs. 344.24 Lakhs as compared to Rs. 370.38 Lakhs in 2018.

2. TRANSFER TO RESERVES

The opening balance as on April 01, 2018 of Reserves & Surplus Account stood at Rs. 42,08,22,217/-. After making adjustments and appropriations, the closing balance as on 31st March 2018 of Reserves & Surplus Account stood at Rs. 44,50,99,425/-.

The Members are advised to refer the Note No. 04 as given in the financial statements which forms the part of the Annual Report.

3. DIVIDEND

The Directors recommended the payment of Final Dividend at the rate of 5% (Five percent) i.e. Rs. 0.50/- Per Equity Share of face value of Rs. 10/- (Rupees Ten) each out of the profits of the Company for the financial year ended on March 31, 2019 aggregating to Rs. 48,21,284/- excluding Rs. 9,91,029.39/- as dividend distribution tax. The dividend payout is subject to approval of the members at the ensuing Annual General Meeting.

4. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

No material changes or commitments have occurred between the end of the financial year and the date of this Report which affect the financial statements of the Company in respect of the reporting year.

5. NATURE OF BUSINESS ACTIVITIES AND CHANGES THEREOF

During the year under review, there has been no change in the nature of Business of the Company.

6. CHANGE OF NAME

The Name of the Company was changed from "Shradha Infraprojects (Nagpur) Limited" to "Shradha Infraprojects Limited" effective February 06, 2019. The Company has received the Approval letter from NSE.

7. SHARE CAPITAL

The Companys paid-up Equity Share Capital stood at Rs. 9,64,25,680/- as on March 31, 2019. There were no issue of equity shares with differential voting rights and sweat equity shares during the financial year 2018-19.

Further, the Company does not have any Scheme for issue of shares including sweat equity to the employees or Directors of the Company.

8. EXTRACT OF ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of the Act read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014 (as amended), the extract of Annual Return for the financial year ended March 31, 2019 in Form MGT-9 is attached as "Annexure I", which forms part of the Boards Report.

9. INVESTOR EDUCATION AND PROTECTION FUND (IEPF)

There was no amount liable or due to be transferred to Investor Education and Protection Fund (IEPF) during the financial year ended March 31,2019.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

As on March 31,2019, the Board comprised of 4 (Four) Directors which includes One (1) Executive Director, One (1) Non - Executive Director and Two (2) Independent Directors.

The shareholders of the Company at its Annual General Meeting held on September 28, 2018 has approved the reappointment of Mrs. Tripti Kochar as an Independent Director for a second term of Two (2) years on the Board by passing the special resolution.

RETIREMENT BY ROTATION

Pursuant to Section 152 of the Act read with the Companies (Appointment and Qualification of Directors) Rules, 2014 (as amended), Mr. Sunil Raisoni, Managing Director retires by rotation as Director at the ensuing Annual General Meeting and being eligible, offers himself for re-appointment. The Board recommends his re-appointment.

In accordance with the provisions of Section 178 and other applicable provisions of the Act and Listing Regulations, if any, the Nomination and Remuneration Committee has considered and recommended the above re-appointment to the Board of Directors of the Company.A brief resume and other details of Mr. Sunil Raisoni, Director seeking reappointment are provided in the Notice of AGM.

RESIGNATION OF KMP

During the financial year under review, Ms. Nisha Dwivedi relinquished the position of Company Secretary and Compliance Officer vide resignation letter dated August 31, 2018.

APPOINTMENT OF KMP

During the financial year under review, Ms. Komal Shrimankar was appointed as the Company Secretary and Compliance Officer, designated Key Managerial Personnel of the Company with effect from September 03, 2018.

KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 2(51) and 203 of the Act read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Mr. Sunil Raisoni, Managing Director, Mr. Siddharth Raisoni, Chief Financial Officer and Ms. Komal Shrimankar, Company Secretary & Compliance Officer are the Key Managerial Personnel (KMP) of the Company.

STATEMENT OF DECLARATION ON INDEPENDENCE GIVEN BY INDEPENDENT DIRECTORS

The Independent Directors of the Company have given declarations that they meet the criteria of independence as laid down under section 149(6) of the Act and Regulation 16(1)(b) of Listing Regulations.

DECLARATION REGARDING NON - APPLICABILITY OF THE DISQUALIFICATION

During the year under review, the Company has received the written declarations from all the directors of the Company regarding non-applicability of the disqualification as mentioned under Section 164 of the Act read with Companies (Appointment and Qualification of Directors) Rules, 2014.

11. MEETINGS OF THE BOARD OF DIRECTORS

During the year under review, the Board met Six (6) times viz. 26 May 2018; 03 September 2018; 29 October 2018; 14 November 2018; 10 December 2018 and 18 February 2019. The details of Board Meetings are provided in the Corporate Governance Report forming part of this Annual Report.

12. COMMITTEES OF THE BOARD

The Board has established the following Committees:-

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Grievances and Relationship Committee

4. Corporate Social Responsibility Committee

5. Management Committee

The compositions of the Committees as on March 31, 2019 are detailed below:

Name of Committee Members Audit Committee Nomination and Remuneration Committee Stakeholders Grievances and Relationship Committee Corporate Social Responsibility Committee Management Committee
Mr. Sunil Raisoni - - - Chairman Chairman
Mrs. Mragna Gupta Member Member Chairperson Member Member
Mr. Ravindra Singh Singhvi Member Chairman Member Member -
Mrs. Tripti Kochar Chairperson Member Member Member -
Mr. Siddharth Raisoni - - - - Member

The detailed disclosures of all the Committees of the Board of Directors are provided in the Corporate Governance Report forming part of this Annual Report.

RECOMMENDATIONS OF AUDIT COMMITTEE

The Audit Committee was constituted by the Board of Directors on September 15, 2017. All the recommendations made by the Audit Committee were accepted by the Board.

13. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The highlights of the Familiarization Programme are explained in the Corporate Governance Report forming part of this Annual Report and are also available on the Companys website: HREF="http://www.shradhainfra.in/">www.shradhainfra.in .

14. BOARD EVALUATION

In pursuant to the provisions of Section 134(3)(p) of the Act, the Board of Directors of the Company is committed to get its performance evaluated in order to identify its strengths and areas in which it may improve its functioning. In terms of the framework of the Board Performance Evaluation, the Nomination and Remuneration Committee and the Board of Directors have carried out an annual performance evaluation of the performance of its own performance, Committee and Individual Directors.

The evaluation of the Board, Committees, Directors and Chairman of the Board was conducted based on the evaluation parameters such as Board composition and Structure, effectiveness of the Board, participation at meetings, awareness, observance of governance, and quality of contribution, etc.

15. APPOINTMENT AND REMUNERATION POLICY

Pursuant to provisions of Section 178 of the Act and Regulation 19 of Listing Regulations and on the recommendation of the Nomination & Remuneration Committee, the Board has adopted a policy for selection, appointment and remuneration of Directors and Key Managerial Personnel. The detailed features of Remuneration Policy are stated in the Report on Corporate Governance forming part of this Annual Report.

16. PARTICULARS OF EMPLOYEES

The disclosures pursuant to Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is attached as "Annexure II", which forms part of the Boards Report.

17. DIRECTORS RESPONSIBILITY STATEMENT

During the year under review, the Audited Financial Statements of the Company for the year under review are in conformity with the requirements of the Act read with the rules made thereunder and the Accounting Standards.

To the best of their knowledge and ability, the Board of Directors makes the following statements in terms of Section 134 of the Act:

(a) that in the preparation of the Annual Accounts for the year ended March 31, 2019, all the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

(b) that the directors have 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 as at March 31,2019 and of the profit of the Company for the year ended on that date;

(c) that the Directors have 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) the directors have prepared the annual accounts on a going concern basis;

(e) the directors have laid down 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 have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

18. SUBSIDIARIES COMPANIES:

During the year under review, the Company has Three (3) Subsidiaries. The details are given below:

(A) MRUGNAYANI INFRASTRUCTURES PRIVATE LIMITED (MIPL)

CIN: U45200MH2008PTC180766

The Company has 51% equity stake in MIPL, thus according to Section 2(87) of the Companies Act, 2013, it became a subsidiary of the Company w.e.f. March 31,2017.

During the year under review, the revenue from operations of MIPL was Rs. 85,48,000 compared to Rs. 2,75,26,626 in 2017-18. The Net Profit / (Loss) after tax for the year 2018-19 was Rs. (43,07,066) as against Rs. 25,63,771 in the year 2017-18.

(B) SUNTECH INFRAESTATE NAGPUR PRIVATE LIMITED (SINPL)

CIN: U70102MH2012PTC228897

The Company has 100% equity stake in SINPL, thus according to Section 2(87) of the Companies Act, 2013, it became a Wholly - Owned Subsidiary of the Company w.e.f. January 16, 2018.

During the year under review, the total revenue of SINPL increased to Rs. 71,04,200 in 2018-19 compared to Rs. 16,20,328 in 2017-18. The Net Profit after tax for the year 2018-19 was Rs. 51,02,117 as against Rs. 11,38,966 in the year 2017-18.

(C) ACTIVE INFRASTRUCTURES PRIVATE LIMITED (AIPL)

CIN: U45200MH2007PTC174506

During the financial year 2018-19, the Company has acquired 100% Equity stake of AIPL, thus it became the Wholly Owned Subsidiary of the Company as per section 2(87) of the Companies Act, 2013 w.e.f. June 22, 2018.

The revenue from operations of AIPL was Rs. 7,60,50,000 in 2018-19. The Net Profit after tax for the year 2018-19 was Rs. 72,41,583.

MATERIAL SUBSIDIARIES

None of the subsidiaries mentioned above is a material subsidiary as per the thresholds laid down under the SEBI Listing Regulations.

The Board of Directors of the Company has approved a Policy for determining material subsidiaries in line with the Listing Regulations. The Policy has been uploaded on the Companys website: www.shradhainfra.in

CONSOLIDATED FINANCIAL STATEMENTS

The Board of Directors of the Company at its meeting held on May 30, 2019 approved the Audited Consolidated Financial Statements together with the Auditors Report thereon for the Financial Year ended March 31, 2019 forms part of the Annual Report.

Pursuant to Section 129(3) of the Act, a Statement containing salient features of the financial statements of each of the Subsidiaries of the Company in the prescribed Form AOC-1 is attached which forms part of the Financial Statements.

19. JOINT VENTURES / ASSOCIATE COMPANIES

The Company does not have any Associate Company and is also not a part of any Joint Ventures.

20. PUBLIC DEPOSITS

The Company has neither invited nor accepted any deposits falling under the ambit of Section 73 of the Act and the Companies (Acceptance of Deposit) Rules, 2014 framed thereunder during the year under review.

21. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN OR SECURITY PROVIDED

The particulars of loans given, investments made, guarantees given or security provided under the provisions of Section 186 of the Act read with the Companies (Meetings of Board and its Powers) Rules, 2014 are given under notes to the Financial Statements, which forms part of this Annual Report.

22. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

During the financial year under review, all contracts / arrangements entered into by the Company with related parties were in the ordinary course of business and on an arms length basis.

There are no materially significant related party transactions that may have potential conflict with the interest of the Company at large except Advance of Loans / Investment in Wholly Owned Subsidiary of the Company. The policy on Related Party Transactions as approved by the Board of Directors has been uploaded on the Companys website: www.shradhainfra.in .

Pursuant to Section 134(3)(h) of the Act read with the Rule 8 of Companies (Accounts of Companies) Rules, 2014, disclosures of Related Party Transactions in the prescribed Form AOC-2 is attached as "Annexure III", which forms part of the Boards Report.

23. CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with Section 135 of the Act, the Company has a Corporate Social Responsibility (CSR) Committee. The details of CSR Committee are stated in the Report on Corporate Governance forming part of this Annual Report. The CSR Committee has formulated and recommended to the Board, a Corporate Social Responsibility Policy ("CSR Policy") indicating the activities to be undertaken by the Company, which has been approved by the Board.

The CSR Policy is available on the Companys website: www.shradhainfra.in .

An Annual Report on CSR Activities of the Company for the Financial Year 2018-19 is annexed as "Annexure IV" which forms part of the Boards Report.

24. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Pursuant to Section 134(3)(m) of the Act read with Rule 8(3) of the Companies (Accounts) Rules, 2014, the information on Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo are as follows:

(A) CONSERVATION OF ENERGY

(i) Steps taken or impact on conservation of energy:

The Company lays great emphasis on savings in the cost of energy consumption. Therefore, achieving reduction in per unit consumption of energy is an ongoing exercise in the Company. The effective measures like education, training, publicity, messaging through use of social media have been taken to minimize the loss of energy as far as possible. The Company does not have any internal generation of power (captive, surplus or otherwise) and the amount spent during the financial year 2018-19 is Rs. 6,430/-.

(ii) Steps taken by the Company for utilizing alternate sources of energy:

Presently, the Company does not have any alternate sources of energy for internal generation of power (captive, surplus or otherwise). However, the management of the Company is exploring an alternative source of energy like solar, wind, thermal or otherwise for internal generation of power for captive purposes.

(iii) Capital investment on energy conservation equipment:

The Company has not made any capital investment on energy conservation equipment/s.

(B) TECHNOLOGY ABSORPTION, RESEARCH AND DEVELOPMENT

(i) The efforts made towards technology absorption:

The Company is always in pursuit of finding the ways and means to improve the performance, quality and cost effectiveness of its services. The technology used by the Company is updated as a matter of continuous exercise.

(ii) The benefits derived like product improvement, cost reduction, product development or import substitution:

As the Company is in service industry, there is no question of product improvement, product development or import substitution. Moreover, the Company has not derived any material benefits in cost reduction against technology absorption.

(iii) In case of imported technology (imported during the last three years reckoned from the beginning of the financial year):

The Company has not imported any technology during the last three years reckoned from the beginning of the financial year.

(iv) The expenditure incurred on Research and Development:

The Company does not have a separate independent research and development activity. As such, no material amount of expenditure was incurred on research and development activity of the Company.

(C) FOREIGN EXCHANGE EARNINGS / OUTGO

During the financial year 2018-19 under review, there are no foreign exchange earnings and outgo

25. RISKS MANAGEMENT:

In terms of the provisions of Regulation 17 of the Listing Regulations, the Company has framed a Risk Management Policy, for assessment and minimization of risk.

Risk Management Policy enables the Company to ensure sustainable business growth with stability and to promote a proactive approach in reporting, evaluating and resolving risks associated with the business.

The Board members are informed about risk assessment and minimization procedures after which the Board formally adopted steps for framing, implementing and monitoring the risk management plan for the Company.

The details of Risk Management Policy are available on the Companys website: www.shradhainfra.in .

26. VIGIL MECHANISM / WHISTLE BLOWER MECHANISM

Pursuant to the provisions of Section 177 of the Act read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Company has established a Vigil Mechanism that enables the Directors and Employees to report genuine concerns.

The details of Vigil Mechanism are provided in the Corporate Governance Report forming part of this Annual Report.

27. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE

There are no significant and material orders passed by the Regulators / Courts / Tribunals which would impact the going concern status of the Company and its future operations.

28. AUDITORS AND THEIR REPORTS STATUTORY AUDITOR

M/s. Paresh Jairam Tank & Co., Chartered Accountants, Nagpur (Firm Registration No. 139681W) were appointed as Statutory Auditor of the Company at the 21st Annual General Meeting held on September 28, 2018 to hold office from the conclusion of the said meeting till the conclusion of 23rd Annual General Meeting to be held for the financial year 2019-20.

The Company had received certificate from the Statutory Auditor confirming their eligibility and willingness for their appointment pursuant to Sections 139(1), 141(2) and 141(3) of the Act read with Companies (Audit and Auditors) Rules, 2014 and Listing Regulations.

During the year under review,

1) The observation(s) made by the Statutory Auditor in their Report are self-explanatory and therefore, do not call for any further comments under Section 134(3)(f) of the Act.

2) The Auditors Report does not contain any reservation, qualification, disclaimer or adverse remarks.

3) The Statutory Auditor has not reported any incident of fraud to the Audit Committee or the Board of Directors under Section 143(12) of the Act.

SECRETARIAL AUDITOR AND SECRETARIAL AUDIT REPORT

CS Riddhita Agrawal, Company Secretary in Practice, Mumbai (Certificate of Practice No. 12917) has been appointed as the Secretarial Auditor to conduct the Secretarial Audit for the financial year under review as per the requirements of Section 204(1) of the Act read with Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Listing Regulations. The Secretarial Audit Report does not contain any qualifications, reservations or adverse remarks.

The Report of the Secretarial Auditor in the prescribed Form MR-3 is attached as "Annexure V", which forms part of the Boards Report.

INTERNAL AUDITOR / INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014 and on recommendation of Audit Committee, M/s. V. K. Surana & Co., Chartered Accountants, Nagpur (Firm Registration No. 110634W) were appointed as the Internal Auditors of the Company to periodically audit the adequacy and effectiveness of the internal controls laid down by the management and suggest improvements.

The Company ensures reliability in conducting its business, precision and comprehensiveness in maintaining accounting records and anticipation and detection of frauds and errors.

There were no adverse remarks or qualification on accounts of the Company marked by the Internal Auditors.

COST AUDITORS

The provisions of Cost Audit as prescribed under Section 148 of the Act and the rules framed thereunder are not applicable to the Company.

29. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India i.e. SS-1 and SS-2 with respect to Board Meetings and General Meetings.

30. STATEMENT OF DEVIATIONS AND VARIATIONS

In compliance with the provisions of Regulation 32(8) of Listing Regulations, there has been no Deviation(s) and / or Variation(s) in the utilization of the fund raised from the Initial Public Offer (IPO) as disclosed in the Companys Prospectus dated November 16, 2017 for the period ended March 31,2019, as it has been utilized fully for the purpose for which funds was raised.

During the year under review, the Statement giving details of Deviation(s) and / or Variation(s) in Utilization of Public Issue proceeds pursuant to Regulation 32 of Listing Regulations for the period ended March 31, 2018; September 30, 2018 and March 31, 2019 had been filed respectively with the National Stock Exchange of India Limited (NSE) EMERGE (SME Platform) within due dates.

31. CORPORATE GOVERNANCE

The provisions relating to Corporate Governance i.e. Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ["Listing Regulations"], are not applicable to the Company and accordingly, the Company is not required to submit the Corporate Governance Report with its Annual Report, the Company has decided to adopt and disseminate voluntary disclosure of Corporate Governance keeping in view the objective of encouraging the use of better governance practices.

However, the Company has made a voluntary disclosure of the report on Corporate Governance as stipulated under regulation 34(3) read with Schedule V of the Listing Regulations and it is attached as "Annexure VI", which forms part of the Boards Report.

Members may please note that any omission of any corporate governance provisions shall not be construed as non-compliance of the above mentioned regulations.

32. MANAGEMENTS DISCUSSION AND ANALYSIS REPORT

Managements Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 read with Schedule V to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), is presented in a separate section forming part of the Annual Report.

33. LISTING OF SHARES

The Equity shares of the Company continued to be listed with and actively traded on the National Stock Exchange of India Limited (NSE) EMERGE (SME Platform).

The listing fees for the financial year 2018-19 have been paid to the National Stock Exchange of India Limited on April 22, 2018.

34. MATERIAL DEVELOPMENT IN HUMAN RESOURCES INDUSTRIAL RELATIONS:

The Company takes pride in the commitment, competence and dedication shown by its employees and Visiting Faculties in all areas of operations. Objective appraisal systems based on Key Result Areas are in place for senior management staff. Additional efforts are continued to be implemented with a view to obtain commitment and loyalty towards the organization.

The Company is dedicated to enhance and retain top talent through superior learning and organizational development, as this being the pillar to support the Companys growth and sustainability in the future.

HEALTH AND SAFETY:

The operations of the Company are conducted in such a manner that it ensures safety of all concerned and a pleasant working environment. The management takes a periodical review on safety, health & environment of all departments.

Regular Training on Safety is being organized for New Joinee, regular employees & contract labour. Mock-drills are conducted for practical exposure to meet emergency need on quarterly basis. Hand book on safety awareness are distributed to all employees.

35. SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The Company has in place a Policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the year under review, there were no complaints received under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

36. ACKNOWLEDGEMENTS:

The Board appreciates and places on record the contribution made by all concerned during the year under review and the support received from all. The Board also places on record their appreciation of the support of all stakeholders particularly shareholders, Bankers, customers, suppliers and business partners.

ANNEXURES:

a) Annexure I Form MGT-9 (Extract of Annual Return)
b) Annexure II Particulars of Employees
c) Annexure III Form AOC-2
d) Annexure IV Annual Report on Corporate Social Responsibility (CSR) activities
e) Annexure V Form MR- 3 Secretarial Auditors Report
f) Annexure VI Report on Corporate Governance

On behalf of the Board

For SHRADHA INFRAPROJECTS LIMITED

[Formerly known as Shradha Infraprojects (Nagpur) Limited]

SD/- SD/-
Sunil Raisoni Mragna Gupta
Managing Director Director
Date : 31 August 2019
Place : Nagpur