Dear Shareholder,
The Directors of your Company are pleased to present 25th Annual Report
together with the audited Financial Statement for the financial year ended on 31st
March, 2022.
1. Financial Result
| Particulars |
31.03.2022 |
31.03.2021 |
| Revenue from Operations |
59,38,335 |
21,58,80,348 |
| Other Income |
70,57,518 |
1,14,83,214 |
| Total Revenue |
1,29,95,853 |
22,73,63,561 |
| Less: Expenditure |
12,95,64,538 |
91,13,88,018 |
| Profit before exceptional and extraordinary items |
(11,65,68,685) |
(68,40,24,457) |
| and tax |
|
|
| Exceptional Items/Extraordinary Items: Deferred |
9,63,800 |
9,63,800 |
| Revenue Income |
|
|
| Profit before Taxation |
(11,56,04,885) |
(68,30,60,657) |
| Provisions for Taxation |
- |
- |
| Deferred Tax Liability |
(9,39,569) |
(1,03,99,924) |
| Net Profit |
(11,46,65,316) |
(67,26,60,733) |
2. Financial Performance:
The Company has earned revenue from operation of Rs. 59,38,335 during the year ended on
31st March, 2022 as against Rs. 21,58,80,348 for the year ended on 31st
March, 2021. The Company has also earned other income of Rs. 70,57,518 during the year
under review as against Rs. 1,14,83,214 earned during the previous year.
The Net loss of the Company during the year under review of Rs. 11,46,65,316 as
compared to Net Loss of Rs. 67,26,60,733 in the previous year.
3. Dividend
Since the Company is into heavy losses, hence, the Board of Directors of the Company
has not recommended any dividend during the year under review.
4. Transfer to Reserves:
During the financial year, the Company was not statutorily required to transfer any
amount to any reserves. The description of reserves and surplus are given in Note No. 4,
forming part of financial statements.
5. Capital Structure of the Company:
Authorized Share Capital -During the year under review, the Authorized Share
Capital of the Company is Rs. 3,30,00,000 (Rupees Three Crores Thirty Lakhs Only) divided
into 33,00,000 (Thirty Three Lakhs) Equity shares of Rs. 10/-
6. Classes of Shares:
As on date, the Company has only one class of share capital i.e. Equity Shares of Rs.
10/- each.
7. Details of Subsidiary/Joint Ventures/Associate Companies:
Since your Company is neither having any subsidiary or associate Company nor has
entered into any joint ventures with any other Company.
8. Public Deposits
During the financial year 2021-2022, your Company has not accepted any deposits within
the meaning of section 73 & 74 of the Companies Act, 2013 read together with the
Companies (Acceptance of Deposits) Rules, 2014.
9. Particulars of Loans, Guarantees or Investments
The details relating to loans or guarantees or investments covered under the provisions
of section 186 of the Companies Act, 2013 during the Financial Year forms part of the
Financial Statement.
10. Secretarial Standard Of ICSI
The Company has devised proper systems to ensure compliance with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India
and such systems are adequate and operating effectively. During the year under review, the
Company was in compliance with the Secretarial Standards (SS) i.e., SS -1 and SS - 2,
relating to
"Meetings of the Board of Directors" and "General Meetings",
respectively.
11. Implementation Of Corporate Action
During the year under review, the Company has not failed to implement any Corporate
Actions within the specified time limit.
12. Conservation Of Energy, Technology Absorption and Foreign Exchange Earnings and
Outgo:
The particulars as required under the provisions of Section 134(3)(m) of the Companies
Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 in respect of
conservation of energy, technology absorption, foreign exchange earnings and outgo etc.
are furnished in Annexure I which forms part of this Report.
13. Industrial Relations:
During the year under review, your Company enjoyed cordial relationship with the
workers and employees at all levels.
14. Directors And Key Managerial Personnel:
i. Appointment/Re-appointment of Directors and KMP:
In compliance with the provisions of Sections 203 read with Rule 8 of companies
(Appointment and remuneration) Rules, 2014 and other applicable provisions, if any, of the
Companies Act, Ms. Khadija Zulfeqar Lokhandwala, was appointed as Company Secretary and
the Compliance officer of your Company with effect from 22nd September, 2022.
However she resigned for better opportunity and growth with effect from 8th
July, 2022.
In accordance with the provisions of Section 152(6) of the Companies Act 2013 and in
terms of Articles of Association Mr. Sukanraj Bhabutmal Shah (DIN: 00034157), Whole time
Director of the Company will retire by rotation at the ensuing Annual General Meeting and
being eligible, offers himself for re-appointment. The Board recommends his
re-appointment.
Further, in accordance with the provisions of the Act and the Articles of Association,
the Board of Directors and the Nomination and Remuneration Committee, approved
re-appointment of Mr. Sukanraj Bhabutmal Shah for being re-appointed as Whole Time
Director of the Company for a further period of 5 (five) years 9th August, 2022 upto 8th
August, 2027, subject to approval of Shareholders at this Annual General Meeting.
ii. Independent Directors
The Independent Directors have submitted their declaration of independence, as required
pursuant to the section 149(7) of the Companies Act, 2013 stating that they meet the
criteria of independence as provided in section 149(6) of the companies Act, 2013
15. Composition of the Board
The Board of Directors of S K S Textiles Limited is a balanced composition and optimum
mix of executive and Non-Executive Directors. However as per the requirements of the
provisions of Section 149(1) of the Companies Act, 2013 read with rule 3 of the Companies
(Appointment and Qualification of Directors) Rules, 2014, the Company was required to
appoint at least one
Women Director on the Board of the Company latest by 13th March, 2021, the Company
could not comply with the same. However, the Company is in process of appointing the same.
They show active participation at the Board, which enhances the transparency and adds
value to their decision making. The board of the Company is headed by an executive
Chairman and a Managing Director.
The Chairman takes the strategic decisions, frames the policy guidelines and extends
wholehearted support to Executive Directors, Business Heads and associates.
As at 31st March 2022, the Directors and Key Managerial Personnel of the
Company consisted of the following:
| S. no Particulars |
DIN/PAN |
Designation |
| 1. Mr. Sukanraj Bhabutmal Shah |
00034157 |
Promoter, Chairman & Whole time Director |
| 2. Mr. Vicky Sukanraj Shah |
00033963 |
Promoter , Managing Director & Chief Financial Officer |
| 3. Mr. Mihir M Manek |
07254045 |
Non - Executive Independent Director |
| 4. Mr. Nokhelal Duij Varma |
08779260 |
Non - Executive Independent Director |
| 5. Ms. Khadija Zulfeqar |
AOYPL9872R |
Company Secretary & Compliance |
| Lokhandwala |
|
Officer |
16. Auditors
a) Statutory Auditors
Pursuant to the provisions of Section 139 and other applicable provisions, if any, of
the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 as amended from
time to time, Board of Directors have recommended to re-appoint, subject to approval of
Shareholders M/s. Bhatter & Co., Chartered Accountants, (FRN13109W), as Auditors of
the Company for the second term of five years to hold office from the conclusion of the 25th
Annual General Meeting till the conclusion of the 30th Annual General Meeting
of the Company to be held in FY 2026-2027, to examine and audit the accounts of the
Company at such remuneration as may be mutually agreed between the Board of Directors of
the Company and the Auditors."
Statutory Auditors Report
The Statutory Auditor s report dated 30th May, 2022 on the financial
statements of the Company for FY 2021-22 is unmodified and does not have any reservations,
qualifications or adverse remarks and, other remarks are self-explanatory.
Details in respect of frauds reported by auditors
No fraud has been reported by the Auditors to the Audit Committee or the Board.
b) Secretarial Auditor:
Pursuant to provisions of section 204 of the Companies Act, 2013 and Rules made
thereunder, M/s Sherlyn Rebello & Associates, Company Secretaries has been appointed
as Secretarial Auditor of the Company. A Secretarial Audit Report in Form MR-3 given by
M/s Sherlyn Rebello & Associates for the Financial Year ended on 31st March, 2022 has
been provided in Annexure II which forms parts of this Directors Report.
However, the Secretarial Auditor of the Company has mentioned few Observations in its
Report and the response of the management is as below:
| Sr. Auditors Observation |
Management Reply |
| No |
|
| 1 Whereas in terms of the provisions of Section 149(1) of the Companies Act, 2013 read
with rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the
Company was required to appoint at least one Women Director on the Board of the Company
latest by 13th March, 2021, the Company could not comply with the same. However, the
Company is in process of appointing the same. |
The Company is in process of appointing the same. |
| 2 Whereas in terms of the provisions of Section 203 of the Companies Act, 2013, the
Company was required to appoint a Company Secretary within a period of six months from the
date of vacancy. |
The Company was in process of finding suitable candidate to be appointed for the same.
However the Company appointed |
| After resignation of CS Akriti Pathak w.e.f. 30th September 2020, the Company
appointed a Company Secretary w.e.f. 22nd September 2021 and thus is in non-compliance of
section 203 till 22nd September 2021. |
Company Secretary w.e.f. 22nd September, 2021 |
| 3 Whereas as per Rule 6(6) of The Companies (Cost Records and Audit) Rules, 2014 Every
company covered under these rules shall, the Company was required to file Form CRA- 4
(Cost audit report for FY 2020-21). The Company has not filed the said form CRA-4 for FY
2020-21. |
The Company is in a process of filing the same. |
c) Cost Auditor
As per the requirement of Central Government and pursuant to Section 148 of the
Companies Act, 2013, read with Companies (Cost Records and Audit) Rules, 2014 as amended
from time to time, Cost Audit is not applicable for FY 2021-2022.
d) Internal Auditor & Internal Audit Report
The provisions of section 138 of Companies Act, 2013 is applicable to Company and
Company has appointed M/s NNK & Co., Chartered Accountants, to carry out Internal
Audit based on the recommendation of the Audit Committee.
17. Details Of Frauds Reported By Auditors Under Sub-Section (12) Of Section 143 Of The
Companies Act 2013, Other Than Those Which Are Reportable To The Central Government
During the year under review, the Statutory Auditor and Secretarial Auditor have not
reported any instances of frauds committed in the Company by its Officers or Employees, to
the Audit Committee under Section 143(12) of the Act details of which needs to be
mentioned in this Report.
18. Weblink of Annual return
The Company is having website www.groupsks.in and annual return has been published on
such website.
19. Committees Of The Board
There are currently three committees of the Board, as follows: 1. Audit Committee 2.
Nomination & Remuneration Committee
3. Stakeholder s Relationship Committee
The Composition of the committees and relative compliances, are in line with the
applicable provisions of the Companies Act, 2013 read with Rules and Listing Regulations.
Details of term of reference of the Committees, Committees Membership and attendance at
Meetings of the
Committees are provided as follows:
20. Audit Committee:
The Company has constituted an Audit Committee in accordance with Section 177(1) of the
Companies Act, 2013. During the financial year 2021-2022 Four meeting of the Audit
Committee was held on 30th June, 2021, 03rd September, 2021, 13th
November, 2021, 11th February, 2022 the details of the composition of the
committee and attendance at its meeting are set out in the following table:
| S. No. Name |
Designation |
Meeting Held during the tenure |
Meeting attended |
| 1. Mr. Nokhelal Duij Varma |
Chairman |
4 |
4 |
| 2. Mr. Mihir M Manek |
Member |
4 |
4 |
| 3. Mr. Vicky Sukanraj Shah |
Member |
4 |
4 |
All the members of the Audit Committee are financially literate and have relevant
accounting financial management expertise as required under the Companies Act, 2013 and
Regulation 18 of the listing Regulations.
The primary objective of the Committee is to monitor and provide an effective
supervision of the Management s financial reporting process, to ensure accurate and timely
disclosures, with the highest level of transparency, integrity and quality of financial
reporting and its Compliances with the legal and regulatory requirements. The committee
oversees the work carried out in the financial reporting process by the Management and the
Statutory Auditors and, note the process and safeguards employed by each of them.
Term of reference:
The term of reference, role, powers, rights, authority and obligations of the Audit
Committee are in conformity with the applicable provisions of the Companies Act, 2013 and
Listing Obligation Requirements (including any statutory modification(s) or re-enactment
or amendment thereof.
2 . Nomination and remuneration Committee:
The Company has formed Nomination and Remuneration Committee in line with provisions of
Section 178 of the Companies Act 2013. During the year, the Committee meeting was held on
03/09/2021. The composition of the committee is given below:
| S no. Name |
Designation |
| 1. Mr. Mihir M Manek |
Chairman |
| 2. Mr. Nokhelal Duij Varma |
Member |
| 3. Mr. Vicky Sukanraj Shah |
Member |
The Company has duly formulated and has in place the Nomination and remuneration Policy
for appointment and remuneration of Directors, Key Managerial Personnel and Employees of
the Company and as required under section 134 the same is available at the Company website
www.groupsks.in. The policy formulated by Nomination and Remuneration Committee includes
Director s appointment and remuneration including qualifications, positive attributes,
independence of a director and other matters as specified under section 178(3) of the
Companies act, 2013 and same was approved by the Board of Directors of the Company. All
statutorily policies of the Company are available on the website of the Company for
investor s reference.
3. Stakeholders Relationship Committee-
The Company has constituted Stakeholder s Grievance & Relationship Committee mainly
to focus on the redressal of shareholders /Investors Grievance, if any, like
Transfer/Transmission/Demat of shares, Loss of Certificates; Non-Receipt of Annual
Report; Dividend Warrants etc. During the year, the Committee met on 30th June,
2021, 03rd September, 2021, 13th November, 2021, 11th
February, 2022. The composition of the committee is given below:
| S no. Name |
Designation |
| 1. Mr. Mihir M Manek |
Chairman |
| 2. Mr. Vicky Sukanraj Shah |
Member |
| 3. Mr. Nokhelal Duij Varma |
Member |
Details of Shareholders Complaints Received, Solved and Pending as on March 31, 2022
The Company expresses satisfaction with the Company s performance in dealing with
investor grievance. The Company has not received any complaints during the year under
review. Hence, there were no complaints outstanding as on March 31, 2022.
21. Declaration of Independency by Independent Director
The Independent Directors have given their declarations under Section 149(6) and
Section 149(7) of the Companies Act, 2013 and the rules made there under. The Independent
Directors fulfill the conditions relating to their status as an Independent Director as
specified in Section 149 of the Act and the Regulation 16(b) of the Listing Regulations.
22. Familiarization programmer for Independent Director:
The Company proactively keeps its Directors informed of the activities of the Company,
it s
Management and operations and provides an overall industry perspective as well as
issues being faced by the industry.
23. Board Evaluation:
Pursuant to the Provisions of the Companies Act, 2013 and SEBI (Listing Obligations and
Disclosures Requirements) Regulations, 2015, the performance evaluation of the chairman
and Non-Independent Directors was carried out by the Independent Directors in their
separate Meeting who also reviewed the performance of the Board as whole.
The Nomination and Remuneration Committee has defined the evaluation criteria,
procedure for the performance evaluation of the Board of Directors
The Board s functioning was evaluated on various aspects, including inter alia degree
of fulfillment of key responsibilities, Board structure and Composition, effectiveness of
Board process, information and functioning.
The Directors were evaluated on aspects such as attendance and contribution at Board/
Committee Meeting and guidance /support to the Management outside Board/Committee
Meetings. In addition, the Chairman was also evaluated on key aspects of his role,
including setting the strategic agenda of the Board, encouraging active engagement of all
Board Members.
Evaluation of Independent Directors was done by the entire Board, excluding the
director being evaluated.
24. Whistle Blower Policy/Vigil Mechanism:
The Company promotes ethical behaviors in all its business activities and has put in
place a mechanism of reporting illegal or unethical behavior. The Company has a whistle
blower policy wherein the directors and employees are free to report violations of law,
rules, regulations or unethical conduct, actual or suspected fraud to their immediate
supervisor and also have been provided direct access to the chairman of the Audit
Committee in exceptional cases or such other persons as may be notified by the Board. The
confidentiality of those reporting violations is maintained and they are not subjected to
any discriminatory practice.
The Whistle Blower Policy of the Company is also available on the website of the
Company at the link www.groupsks.in
25. Prevention of Insider Trading:
The board of Directors has adopted the Insider Trading Policy in accordance with the
requirement of the Securities & Exchange Board of India (Prohibition of Insider
Trading) Regulation, 2015. The Insider Trading Policy of the Company lays down guidelines
and procedures to be followed and disclosures to be made while dealing with shares of the
Company as well as consequences of violation. The Policy has been formulated to regulate,
monitor and ensure reporting of deals by employees and to maintain the highest ethical
standard of dealing in the Company s Shares.
The insider trading Policy of the Company covering the code of practices and procedures
for fair disclosures of unpublished price sensitive information and code of conduct for
the prevention of Insider Trading is available on the website www.groupsks.in.
26. Risk Management Policy:
In line with regulatory requirements, the Company has framed risk management policy to
identify and access with the regulatory risk areas and a risk mitigation process. A
detailed exercise is being carried out at regular interval to identify, evaluate, manage
and monitor all business risks. The Board periodically reviews the risks and suggests
steps to be taken to control and mitigate the same through a properly defined framework.
27. Disclosure under the Sexual Harassment of women at a Workplace (Prevention,
Prohibition and Redressal), Act 2013
The Company is committed to provide a healthy environment to all the employees and thus
does not tolerate any sexual harassment at workplace. The Company has in place,
"Policy on Prevention, Prohibition and Redressal of Sexual Harassment." The
policy aims to provide protection to employees at the workplace and preventing and
redressing complaints of sexual harassment and it covers matters connected or incidental
thereto. The Company has complied with the provisions relating to the constitution of
Internal Complaints Committee under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.
The Company has not received any complaint of sexual harassment during the financial
year 2021-22.
28. Details of application made or proceeding pending under Insolvency and Bankruptcy
Code, 2016
During the year under review, following was pending under the Insolvency Bankruptcy
Code, 2016:
| Sr. No. Case No. |
Party Name |
Status as on date |
| 1 C.P. (IB) - 799/2021 |
DBS Bank India Ltd VS S.K.S Textiles Ltd |
Reserved for orders |
| 2 C.P. (IB) - 459/2021 |
Shri Mahalaxmi Textiles VS S K S Textiles Limited |
The CP is rejected for want of minimum threshold limit as per the MCA notification. |
| 3 C.P. (IB) - 413/2021 |
Trimurti Textiles VS SKS Textiles Limited |
Next Hearing date 04-10- 2022 |
29. Details Of Difference between valuation amount on one time settlement and valuation
while availing loan from Banks And Financial Institutions
During the year under review, there has been no one time settlement of Loans taken from
Banks and Financial Institutions.
30. Corporate Governance:
As per regulation 15(2) of the Listing Regulations, the compliance with the Corporate
Governance provision shall not be applicable in respect of the following cases of
companies: a. Listed Entity having paid - up equity share capital not exceeding Rs. 10
crores and net worth not exceeding Rs. 25 crores, as on the last day of the previous
financial year; b. Listed entity which has listed its specified securities on the SME
Exchange.
Since, our Company falls in the ambit of aforesaid (b); hence compliance with the
provisions of Corporate Governance shall not apply to the Company and it also does not
form part of the Annual Report for the financial year 2021-22.
31. Corporate Social Responsibility:
As per Section 135 and applicable Rules of the Companies Act 2013, every company having
Net Worth of Rs. 500 Crores or more or Turnover of Rs.1000 Crores or Net Profit of Rs. 5
Crores or more during any FY will be required to constitute CSR Committee of Board
consisting 3 or more directors and at least 1 out these shall be Independent Director.
Since, our Company does not falls in the ambit of aforesaid; hence compliance with the
provisions of Corporate Social Responsibility does not to apply to the Company and thus
disclosure related to CSR does not form part of Annual Report for the financial year
2021-22.
32. Code of Conduct
The board of directors of the Company has laid down a Code of Conduct for all the Board
Members and senior Management Personnel of the Company. The Board Members and the Senior
Management personnel have to affirm compliance with the code for the year 2021-22. The
said code of conduct has been posted on the website of the Company. A declaration to this
effect is annexed and forms part of this report.
33. Meetings of the Board:
During the year, five meetings of the Board of Directors were convened and held on the
following dates as mentioned in the table given below:
| S no. Date of Meeting |
Board Strength |
No. of Directors Present |
| 1. 30.06.2021 |
4 |
4 |
| 2. 03.09.2021 |
4 |
4 |
| 3. 22.09.2021 |
4 |
4 |
| 4. 13.11.2021 |
4 |
4 |
| 5. 11.02.2022 |
4 |
4 |
34. Particulars of contracts or arrangements with related parties.
The Company does not have any contract or arrangement or transaction with related party
in terms of Section 188 of the Companies Act, 2013. Hence, the disclosure required to be
provided under Section 134(3) (h) of the Companies Act, 2013, in Form AOC - 2 is not
applicable and need not be furnished.
The Disclosures as required under Accounting Standard - 18 (AS-18) "Related Party
Disclosures" notified under Rule 7 of the Companies (Accounts) Rules, 2014 have been
provided in point no. 35 of Notes forming part of the Financial Statements.
35. 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 Report.
There are no material changes during the year.
The Company has shifted its Registered office to H No. 1246/1K, GALA: 1-9, 1st Floor,
Blndg B-4, Prithvi Complex, Kalher Village Thane, 421 302
36. Particulars of employees:
During the year under report, none of the employees of the Company was in receipt of
remuneration for any part of the year, in excess of the amount of remuneration prescribed
in section 197 of the Companies Act 2013 read with Rule 5(2) and Rule 5(3) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014, as amended up
to date.
The information required under section 197 of the act read with Rule 5(1) of the
companies (Appointment and Remuneration) Rules, 2014 is annexed as Annexure III and forms
a part of this report.
37. Internal Finance control
The Company has in place adequate internal financial controls with reference to the
Financial Statements. The Audit Committee of the Board reviews the internal control
systems, the adequacy of internal audit function and significant internal audit findings
with the management, Internal Auditors and Statutory Auditors.
38. Management Discussion Analysis Report
The operations of the Company are reviewed in a detailed report on the Management
Discussions and Analysis Report is provided as a separate section in the Annual Report
which forms the part of the Board Report as Annexure V.
39. Certification from Chief Financial Officer /Chief Executive Officer of the Company:
The Company has obtained a compliance certificate in accordance with Regulation 17(8)
of listing Regulations from Mr. Vicky Sukanraj Shah, Chief Financial Officer and Managing
Director of the Company. The same forms a part of this Annual Report.
40. Insurance:
All assets of the Company including inventories, building, plant and machineries are
adequately insured.
41. Directors Responsibility Statement
Pursuant to Section 134(5) of the Companies Act, 2013, the Directors, based on the
representations received from the operating management and after due enquiry, 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) they 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 31st March, 2022
and of the profit and loss of the Company for that period;
(c) they 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) they had prepared the annual accounts on a going concern basis;
(e) they had laid down internal financial controls to be followed by the Company and
that such internal financial controls are adequate and are operating effectively; and
(f) they had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
42. Share Transfer System
All share transfer, dematerialization and related work is managed by Link Intime India
Pvt. Ltd. C 101, 247 Park, L B S Marg, Vikhroli West, Mumbai-400083 Shareholders are
requested to send all share transfer requests, demat/remat requests, correspondence
relating to shares i.e. change of address, Power of Attorney, etc. to the registrar and
transfer agents.
43. Share Capital Audit
As stipulated by Securities and Exchange Board of India (SEBI), Mr. Mayank Arora,
Proprietor of M/s. Mayank Arora &Co., Practicing Company Secretaries carried out the
Share Capital Audit to reconcile the total admitted capital with National Securities
Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL) and shares
held physically as per the register of members and the total issued and listed capital as
on March 31, 2022.
44. Investors Correspondence
Link Intime India Pvt. Ltd. C 101, 247 Park, L B S Marg, Vikhroli West, Mumbai-400083
Phone: +91 22 4918 6000 Fax No: +91 22 8512885 Email-id:
mumbai@linkintime.co.in Website: www.linkintime.co.in
45. Appreciation and Acknowledgement:
Your Directors would like to express their appreciation for the assistance and
co-operation received from the Banks, customers, business associates and members during
the year under review. Your Directors also wish to place on record their deep sense of
appreciation for the committed services by the executives, employees, staff and workers of
the Company.
For and on behalf of the Board
| Sd/- |
Sd/- |
| Vicky Sukanraj Shah |
Sukanraj Bhabutaml Shah |
| Managing Director |
Whole time Director |
| DIN: 00033963 |
DIN: 00034157 |
| Date: 30/05/2022 |
|
| Place: Mumbai |
|
+91-9892691696
