Shreeji Translogistics Ltd Directors Report

<dhhead>DIRECTORS’ REPORT</dhhead>

To,

The Members

 

Shreeji Translogistics Limited

Your Directors are pleased to present the 31^st Annual Report and Audited Financial Statements of the Company for the year ended 31^st March, 2025.

 

1. FINANCIAL RESULTS

	Standalone		Consolidated
Particulars	Current Year ended 31.03.2025	Previous Year ended 31.03.2024	Current Year ended 31.03.2025	Previous Year ended 31.03.2024
	(Rs. in Lac)		(Rs. in Lac)
Revenue from Operations & other Income	22264.93	26241.96	23353.50	26579.51
Profit/ (Loss) before	1142.99	3073.81	1219.79	3102.57
Depreciation, Finance Cost, Exceptional Items and Taxation
Less/(Add): Finance Cost	432.49	490.24	435.00	490.82
Less/(Add): Depreciation & Amortisation	483.07	440.79	489.03	443.84
Profit/ (Loss) before	227.43	2142.78	295.76	2167.91
Exceptional Items and Taxation
Add/(Less) : Exceptional Items – Gain/(Loss)	-	-	-	-
Profit/ (Loss) before Taxation	227.43	2142.78	295.76	2167.91
Less/(Add): Prov. for Taxation
- Current	118.14	300.40	143.30	312.05
- Deferred Tax Liability/ (Asset)	(46.56)	212.72	(49.38)	212.72
- Short Provision of Earlier Years	2.50	2.14	2.85	5.91
Profit/ (Loss) after Taxation	153.35	1627.52	198.99	1637.23
Other comprehensive income / (loss), net of tax	(0.75)	(9.28)	(0.75)	(9.28)
Total Comprehensive Income/ (Loss)	152.60	1618.24	198.24	1627.95

 

There is no change in the nature of business of the Company.

 

2. DIVIDEND

In order to conserve resources for working capital requirements of the Company, your directors have not recommended any dividend for the year under review.

 

3. TRANSFER TO RESERVES

The closing balance of the retained earnings of the Company for the year under consideration, after all appropriations and adjustments, is Rs. 4280.04 Lac. The Board has not proposed to transfer any amount to reserves.

 

4. OPERATIONS

During the year, the Company expanded its geographical presence by establishing operations in four new locations: Dankuni (Kolkata), Sampla (Haryana), Kharagpur (West Bengal) and Jaipur (Rajasthan). During the year under review, there was considerable reduction in the Company’s trading business due to pressure on profit margins from the said business. However, the Company strategically continues to invest in and expand its transportation business.

The Company bagged various prestigious awards during the year under consideration like "Premier Bonded Trucking Operator" Award at the India Cargo Awards 2024, "Best Customs Bonded Trucking Company" Award at CargoNxt Conference & Recognitions, "Clean Slate Medalist" from Amazon, "Trucking Partner of the Year" Award from Delhi Indira Gandhi International Airport / GMR and "Customs Bonded Truck Operator of the Year" Award at South East Air Cargo Conclave & Awards 2024.

 

Standalone

The Company achieved Service Turnover of Rs.19805.00 Lac during the year under consideration as compared to Service Turnover of Rs. 19244.66 Lac achieved during the previous year, which represents increase of about 2.91%. Further, the Company also achieved Trading Turnover of Rs. 2181.38 during the year under consideration as compared to Trading Turnover of Rs. 5735.70 Lac achieved during the previous year. Net profit after tax during the year under consideration is Rs. 153.35 Lac as compared to net profit after tax of Rs. 1627.52 Lac during the previous year, due to increase in expenses like toll prices, Annual Maintenance Costs, Handling Charges, Lorry

Hire Charges, Employee Benefit Expenses, adblue oil prices, etc. Your Directors are making constant endeavour to explore new areas to achieve higher turnover and profitability.

 

Consolidated

The Group achieved Service Turnover of Rs. 20890.69 Lac during the year under consideration as compared to Service Turnover of Rs. 19573.02 Lac achieved during the previous year. Further, the Group also achieved Trading Turnover of Rs. 2181.38 Lac during the year under consideration as compared to Trading Turnover of Rs. 5735.70 Lac achieved during the previous year. The consolidated net profit after tax during the year under consideration is Rs.198.99 Lac as compared to consolidated net profit after tax of Rs.

1637.23 Lac during the previous year.

 

5. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report on the business outlook and performance review for the year ended 31^st March, 2025, as stipulated in Regulation 34 read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), is available as a separate section which forms part of the Annual Report.

 

6. CORPORATE GOVERNANCE REPORT

Pursuant to Regulation 34 and Schedule V of the Listing Regulations, a report on Corporate Governance along with a certificate from a Practicing Company

Secretary certifying compliance with conditions of Corporate Governance, forms part of the Annual Report.

 

7. ISSUE OF EQUITY SHARES WITH DIFFERENTIAL VOTING RIGHTS OR SWEAT EQUITY SHARES, OFFERING OF ESOP AND BUY BACK OF SECURITIES

The Company has not issued equity shares with differential voting rights or sweat equity shares. The Company has not offered any shares under Employee

Stock Option Scheme. The Company has not bought back any of its securities during the year under review.

 

8. SHARE CAPITAL

The paid-up Equity Share Capital of the Company as on 31^st March, 2025 was Rs. 1397.67 Lac.

During the year under review there were no changes in the Share Capital of the Company.

 

9. MEETINGS OF THE BOARD OF DIRECTORS & DETAILS OF COMMITTEES OF THE BOARD

Board Meetings

During the year, six meetings of the Board of Directors were held. The details of meetings and attendance of Directors are provided in the Corporate Governance Report which forms part of the Annual Report.

 

Meeting of Independent Directors

During the year, one meeting of the Independent Directors was held. The details of meeting and attendance of Independent Directors are provided in the Corporate Governance Report which forms part of the Annual Report.

 

Meetings of Committees of Directors

The Company has four Board-level Committees, which have been established in compliance with the relevant provisions of applicable laws and statutes: y Audit Committee y Nomination and Remuneration Committee y Stakeholders’ Relationship Committee y Finance Committee The composition of aforesaid committees, number of meetings held of each Committee during the year and meetings attended by each member of the Committees are provided in Corporate Governance Report which forms part of the Annual Report. The recommendations of the Committees, as and when made to the Board, have been accepted by the Board.

 

10. DIRECTORS AND KEY MANAGEMENT PERSONNEL – APPOINTMENT & RESIGNATION

Mr. Narendra C. Shah and Mr. Mahendra C. Shah, Directors of the Company who retired by rotation, were re-appointed at the Annual General Meeting ("AGM") held on 30^th September, 2024. There was no resignation of Director during the year.

Mrs. Himani Dave resigned as Company Secretary and Compliance Officer of the Company w.e.f. 26 ^th May, 2024 and was again appointed as Company

Secretary and Compliance Officer of the Company w.e.f. 14^th August, 2024.

In compliance with Regulation 17(1A) of the Listing Regulations, a special resolution was passed at the AGM held on 30^th September, 2024 for continuation of directorship of Mr. Hasmukh C. Shah, who attained the age of 75 years on 3^rd November, 2024, as Non-Executive Independent Director of the Company during his tenure upto 1^st August, 2027.

The first term of appointment of 5 (Five) years as

Independent Directors of the Company of Mr. Shailesh S. Kamdar, Mr. Dharmendra D. Vora, Mr. Satish R. Shah and Mr. Vivek U. Shah will conclude on 27^th November, 2025. Based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors of the Company, it is proposed to obtain approval of the members at the ensuing AGM by way of Special Resolutions, to re-appoint them as Non-Executive Independent Directors for a second consecutive term of 5 (Five) years w.e.f. 28^th November, 2025. Further, Mr. Satish R. Shah, would attain the age of 75 years on 30^th September, 2029 during his second term and therefore, consent of the members by way of Special Resolution is also sought at the ensuing AGM in compliance with Regulation 17(1A) of the Listing Regulations, for his continuation as Non-Executive Independent Director of the Company beyond the age of 75 years.

Mr. Rajnikant C. Shah and Mr. Mukesh M. Shah, Directors of the Company, retire by rotation and being eligible offer themselves for re-appointment at the ensuing Annual General Meeting. In compliance with sub-regulation (3) of Regulation 36 of the Listing Regulations and Secretarial Standard

- 2 on General Meetings, brief resume, expertise and other details of the Directors proposed to be appointed/ re-appointed are given in the Notice convening the ensuing Annual General Meeting.

 

11. DECLARATION OF INDEPENDENCE BY THE INDEPENDENT DIRECTORS

The Independent Directors of the Company have made a declaration confirming the compliance of the conditions of the independence stipulated in Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the Listing Regulations. The Independent

Directors have also confirmed that they have complied with Schedule IV of the Companies Act, 2013 and the Company’s Code of Conduct for Board Members and Senior Management. There has been no change in the circumstances affecting their status as Independent

Directors of the Company. All Independent Directors of the Company have registered themselves with the

Indian Institute of Corporate Affairs.

 

12. ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE, ITS COMMITTEES AND INDIVIDUAL DIRECTORS

The Board of Directors has carried out an annual evaluation of its own performance, its committees and individual directors pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations. The Board evaluated its performance after seeking inputs from all the Directors based on 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 based on criteria such as the composition of committees, effectiveness of committee meetings, etc.

The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on 5^th January, 2017. The Board reviewed the performance of individual directors on the basis of 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. and the Board as a whole. Performance evaluation of independent directors was done by the entire Board, excluding the independent director being evaluated.

In a separate meeting of Independent Directors, performance of Non-Independent Directors, the Board as a whole and the Chairman of the Company was evaluated, taking into account the views of the Executive Directors and Non-Executive Directors. The Board of Directors has expressed its satisfaction with the evaluation process.

 

13. DIRECTORS’ RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors confirm the following statements in terms of Section 134(3)(c) of the Companies Act, 2013: (a) that in the preparation of the annual accounts, 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 at the end of the financial year and of the profit/ loss of the

Company for that period;

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

 

14. STATUTORY AUDITORS

M/s. Sanjay C. Shah & Associates, Chartered Accountants (Firm Registration No. 128148W), who were appointed as Statutory Auditors of the Company at the AGM held on 30^th September, 2024 for a period of 5 years to hold office from the conclusion of that

AGM until the conclusion of AGM of the Company to be held in the year 2029; have tendered their resignation as Statutory Auditors of the Company w.e.f 12^th August, 2025. Their resignation has caused a casual vacancy in the office of Statutory Auditors and casual vacancy so caused by the resignation of auditors can only be filled up by the Company after taking consent of the members in accordance with the provisions of Section 139(8) of the Companies Act, 2013. Therefore, in terms of the provisions of Section 139(8) of the Companies Act, 2013 and the Rules framed thereunder and based on the recommendation of the Audit Committee, the Board of Directors has appointed M/s. G. P. Kapadia & Co., Chartered Accountants (Firm Registration No.

104768W), to fill up the casual vacancy caused by the resignation of M/s. Sanjay C. Shah & Associates,

Chartered Accountants and to hold office as Statutory

Auditor of the Company till the conclusion of the 31^st AGM, subject to approval of members at the 31^st AGM of the Company. Further, on the recommendation of the Audit Committee and Board of Directors of the Company, it is also proposed to appoint M/s. G. P. Kapadia & Co., Chartered Accountants (Firm Registration No. 104768W), as Statutory Auditors of the Company to hold office for a term of 5 (Five) years from conclusion of 31^st AGM until the conclusion of 36^th AGM to be held in the year 2030, subject to approval of members at the 31^st AGM of the Company.

As required under the provisions of Section 139(1) of the Companies Act, 2013, the Company has received written consent from M/s. G. P. Kapadia & Co., Chartered Accountants, to their appointment and Certificate, to the effect that their appointment, if made, would be in accordance with the Companies Act, 2013 and the Rules framed thereunder and that they satisfy the criteria provided in Section 141 of the Companies Act, 2013. The members are requested to appoint the Statutory Auditors as aforesaid and fix their remuneration.

 

15. AUDIT REPORT

The Auditor’s Report, on the Standalone and

Consolidated Financial Statements for the financial year 2024-25 issued by M/s. Sanjay C. Shah & Associates, Chartered Accountants (Firm Registration No. 128148W) forms part of this Annual Report and does not contain any qualifications, adverse remarks or disclaimer.

 

16. REPORTING OF FRAUDS

During the year under review, the Statutory Auditors and the Secretarial Auditors have not reported to the Audit Committee pursuant to Section 143 (12) of the Companies Act, 2013, any instances of frauds committed in the Company by its officers or employees, the details of which needs to be mentioned in this Report.

 

17. COST RECORDS

The Central Government has not prescribed maintenance of cost records for the Company under Section 148 (1) of the Companies Act, 2013.

 

18. INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS AND THEIR ADEQUACY

Your Company has in place adequate internal financial controls with reference to financial statements, commensurate with the size, scale and complexity of its operations, which also ensures that all assets are safeguarded and transactions are authorized, recorded and reported correctly. During the year, such controls were tested and no reportable material weaknesses in the design or operation were observed.

 

19. RISK MANAGEMENT POLICY

The Company has in place a mechanism to identify, assess, monitor and mitigate various risks to key business objectives. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis. In the Board’s view, there are no material risks, which may threaten the existence of the Company.

 

20. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE

COMPANY WHICH HAVE OCCURRED BETWEEN END OF FINANCIAL YEAR AND DATE OF THIS REPORT

There is no material change and commitment affecting the financial position of the Company which has occurred between end of the financial year under review and the date of this Report.

 

21. ANNUAL RETURN

Pursuant to Section 92(3) and Section 134(3)(a) of the Companies Act, 2013, the Annual Return is placed on the Company’s website at http://www. shreejitranslogistics.com under the "Investors" Tab. By virtue of amendment to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the Companies (Management and Administration) Rules, 2014, the Company is not required to provide extract of Annual Return (in Form MGT-9) as part of the Directors’ Report.

 

22. DETAILS OF SUBSIDIARY, JOINT VENTURE OR ASSOCIATE COMPANIES

The Company had three subsidiary companies– STL Transworld Private Limited, Mihani Trading Private Limited and TKD Digitrans Tech Private Limited. Mihani Trading Private Limited, a wholly-owned non-material subsidiary of the Company, had applied for striking-off its name from the Register of

Companies on 28^th January, 2025 and its name has been struck off from the Register of Companies by the Registrar of Companies, Mumbai on 25^th April, 2025. Consequently, Mihani Trading Private Limited has ceased to be a wholly owned subsidiary of the Company.

The consolidated financial results reflect the operations of STL Transworld Private Limited (subsidiary), Mihani Trading Private Limited (subsidiary), TKD Digitrans Tech Private Limited (subsidiary) and TKD Communication LLP, which is not an associate company within the meaning of the Companies Act, 2013, but it is an Associate as per the Accounting Standard 21. The Company does not have any joint venture company. Pursuant to Section 129 of the Companies Act, 2013 read with Rule 5 of the Companies (Accounts) Rules, 2014, the report on the performance and financial position of the Subsidiary

Companies in Form AOC-1 is attached herewith as Annexure I and forms part of this Report.

The Audited Financial Statements of subsidiary companies are available on the website of the Company under "Investors" tab and shall also be available for inspection by any member at the

Registered Office of the Company during business hours on working days up to the date of the ensuing AGM. Any member, who is interested in obtaining a copy of the Audited Financial Statements of the subsidiary companies, may write to the Company

Secretary at the Registered Office of the Company.

Pursuant to the provisions of Section 136 of the Companies Act, 2013, the Audited Standalone and Consolidated Financial Statements of the Company along with relevant documents are available on the website of the Company.

 

23. LOANS, INVESTMENTS AND GUARANTEES BY THE COMPANY

During the year, there is no security provided or investments made or guarantee given by the Company covered under Section 186 of the Companies Act, 2013. The Company has given following loans during the year pursuant to Section 186 of the Companies Act, 2013:

Name of the Entity	Relation	Amount (Rs. In Lac)	Particulars of loans, guarantees, investments	Purpose for which loans, guarantees, investments are proposed to be utilised
STL Transworld Private Limited	Subsidiary Company	31.30 (Cl. Bal. - Nil)	Loan Given	Business Purpose
Dityaa International	--	135.00 (excluding interest) (Cl. Bal. 136.20)	Loan Given	Business Purpose

 

24. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS, STATUTORY AND QUASI-JUDICIAL BODY

No significant and material order has been passed by the regulators, courts and tribunals, statutory and quasi-judicial body impacting the going concern status and the Company’s operations in future.

 

25. DEPOSITS

During the year under review, the Company has not said accepted any deposit covered under Chapter V of the

Companies Act, 2013 (i.e. Acceptance of Deposits by Companies) read with the Companies (Acceptance of Deposits) Rules, 2014.

 

26. CONTRACT OR ARRANGEMENT WITH RELATED PARTIES

In line with the requirements of the Companies Act, 2013 and amendment to the Listing Regulations, your Company has formulated a Policy on Related Party Transactions which is also available on the Company’s website at https://www.shreejitranslogistics.com/ uploads/Related_Party_Transaction_Policy-_ Shreeji_Translogistics_Limited.pdf. The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties.

During the year under review, all transactions entered into with related parties were approved by the Audit Committee of the Board of Directors. Certain transactions, which were repetitive in nature, were approved through omnibus route. There were no material transactions of the Company with any of its related parties which required approval of the members as per the Act and the Listing Regulations. Therefore, the disclosure of Related Party Transactions as required under Section 134 (3) (h) of the Act in Form AOC-2 is not applicable to the

Company for the financial year under review. Your Directors draw attention to Note No. 42 of the financial statements which sets out related party disclosures.

 

27. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Conservation of Energy:

Y our Directors are continuously exploring opportunities to conserve energy and have taken the following initiatives in that direction: y The Company constantly phases out of old ageing vehicles. This helps in reducing consumption of fuel. y The Company is also evaluating various avenues to add CNG vehicles to its fleet to be more fuel efficient and in turn contribute towards energy conservation. y The Company’s owned trucks are maintained by AMC’s by the Original Equipment Manufacturers, thereby enhancing overall service and repair quality. This leads to better performance of the trucks resulting in lower consumption of fuel and lesser carbon footprints.

y The Company encourages and trains its drivers to optimise their driving styles to reduce fuel consumption. y The Company focuses on optimum utilization of capacity of vehicles, which results in reduced number of trips and distance travelled by the trucks, which in turn reduces energy consumption. y The Company makes constant endeavours to check power consumption and to optimise the use of energy by using energy-efficient computers and other equipments. The Company uses CFL/LED fixtures to reduce the power consumption.

Technology Absorption:

The Company aims to become a technology-oriented logistics Company and has taken the following initiatives to achieve this goal: y The Company has installed digital locks across its fleet of trucks for enhanced safety of the goods transported. y The Company has been using Global Positioning System (GPS) on its Trucks since years for real-time tracking of vehicle movement.

Foreign Exchange Earnings and Outgo:

Foreign Exchange Earnings – Nil (Previous Year – Rs. 30.84 Lac) Foreign Exchange Outgo - Nil (Previous Year - Nil).

 

28. SECRETARIAL AUDIT REPORT

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors appointed M/s. Sanjeev Shah & Associates, Company Secretaries, as Secretarial Auditors to conduct Secretarial Audit of the Company. The Secretarial Audit Report (in Form MR-3) for the year ended 31^st March, 2025 is attached herewith as Annexure II and forms part of this Report.

The said Secretarial Audit Report does not contain any qualifications, reservations or adverse remarks.

 

29. COMPLIANCE WITH SECRETARIAL STANDARDS

Your Company has complied with the applicable Secretarial Standards.

 

30. CORPORATE SOCIAL RESPONSIBILITY

The Annual Report on CSR activities of the Company has been appended as Annexure III to this Report.

The Company was not required to constitute a Corporate Social Responsibility (CSR) Committee in view of the provisions of Section 135 (9) of the Companies Act, 2013.

 

31. VIGIL MECHANISM/ WHISTLE BLOWER

MECHANISM

The Company promotes ethical behaviour in all its business activities and has put in place a mechanism for reporting illegal and unethical behaviours. The Company has a Vigil Mechanism/ Whistle Blower Policy in place through which it promotes highest standards of professionalism, honesty, integrity and ethical behaviour in all our business activities and under which employees are free to report any actual or potential violation of our code, policies or laws. During the year under review, no employee was denied access to the Audit Committee. The Whistle Blower Policy is available on the website of the Company and can be accessed at https://www. shreejitranslogistics.com/uploads/Whistle_Blower_ Policy-_Shreeji_Translogistics_Limited.pdf.

 

32. PARTICULARS OF EMPLOYEES

In terms of the requirements of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended from time to time, the disclosures pertaining to the remuneration and other details, are given in Annexure IV of this Report.

The statement containing particulars of employees as required under Rule 5(2) and (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 forms part of this Report. Further, in terms of Section 136 of the Companies Act, 2013, the Annual Reports are being sent to the Members and others entitled thereto, excluding the aforesaid statement. The said statement is available for inspection by the Members at the Registered

Office of the Company during business hours on working days up to the date of the ensuing AGM. If any Member is interested in obtaining a copy thereof, such Member may write to the Company Secretary in this regard.

 

33. POLICY ON APPOINTMENT AND REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND SENIOR MANAGEMENT PERSONNEL

The Nomination & Remuneration Committee has framed a Policy in terms of the provisions of Section 178 (3) of the Companies Act, 2013, dealing with appointment and remuneration of Directors, Key Managerial Personnel and Senior Management Personnel. The policy covers criteria for determining qualifications, positive attributes, independence and remuneration of its Directors, Key Managerial Personnel (KMP) and Senior Management Personnel (SMP). The salient features of the said Policy are -y It lays down the parameters for appointment of Executive and Non-Executive Directors, KMP and SMP. y It lays down the parameters for term/tenure of Managing Directors, Wholetime Directors and Independent Directors. y It lays down the parameters for remuneration to Executive Directors, Non-Executive Directors, KMP, SMP and other employees.

Duringtheyearunderreview,therehasbeennochange to the Policy. The Policy is available on the website of the Company https://www.shreejitranslogistics.com/ uploads/Nomination_and_Remuneration_Policy-_ Shreeji_Translogistics_Limited.pdf.

 

34. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013. The Company is committed to provide a work environment, which is free from discrimination and unlawful harassment at workplace. An appropriate complaint mechanism in the form of ‘Internal Complaints Committee’ has been created in the Company for time-bound redressal of the complaint made by the victim. The members of the Committee provide for the following measures for safety of the women employees at workplace: a. To formulate the Anti Sexual Harassment Policy in order to ensure the prevention of sexual harassment and safety of women employees at work place; b. To conduct the meeting in case of any complaint received in writing from any women employees, to settle the grievances and to ensure the proper compensation in case of any misconduct, harassment with the women employees; c. Provide a safe working environment at the workplace; d. Organize workshops and awareness programmes at regular intervals.

There was no compliant received by the Company during the year under the aforesaid Act.

 

35. PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016

The Company has not made any application and no proceeding is pending against the Company under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).

 

36. DIFFERENCE BETWEEN AMOUNT OF VALUATION DONE AT ONE TIME SETTLEMENT AND VALUATION DONE WHILE TAKING LOAN FROM BANKS OR FINANCIAL INSTITUTIONS

The disclosure under this clause is not applicable as the Company has not done any one time settlement with the banks or financial institutions.

 

37. ACKNOWLEDGMENT

Y our Directors would like to place on record their deep sense of gratitude to Bankers, Government Authorities and Shareholders. The Directors place on record their sincere appreciation to all employees of the Company for their unstinted commitment and continued contribution to the Company.

For and on behalf of the Board
Rajnikant C. Shah	Narendra C. Shah
Wholetime Director	Wholetime Director
DIN: 00269109	DIN: 00268812
Place: Navi Mumbai
Date: 25th August, 2025