Sunshine Capital Ltd Directors Report.

To

The Members

Sunshine Capital Limited

The Directors have pleasure in submitting their 26thAnnual Report on the business and operations of the Company along with the Audited Financial Statement for the financial year ended 31st March, 2020.

1. FINANCIAL SUMMARY HIGHLIGHTS

Financial Results of the Company for the year under review along with the figures for previous year are as follows:

(Rs.IN000)

PARTICULARS 31 MARCH, 2020 31 MARCH, 2019
Total Income 30,944 11,139
Profit/(Loss) before tax 10,296 6,156
Current Tax 2,893 1,226
MAT Credit - -
Deferred Tax 22 25
Profit/(Loss) after tax 7,382 4,904

2. STATE OF COMPANY AFFAIRS

During the financial year 2019-2020, the Company has recorded Revenue of 3,09,44,337.25/-TheCompany has earned Net Profit of 73,82,213/-during the year as compared to Profit of 49,04,292/-in the last year. The Directors are optimistic about future performance of the Company.

3. GLOBAL HEALTH PANDEMIC FROM COVID-19

The World Health Organization declared a global pandemic of the Novel Coronavirus disease (COVID-19) on February 11, 2020. In enforcing social distancing to contain the spread of the disease, our offices and client offices all over the world have been operating with minimal or no staff for extended periods of time. In keeping with its employee-safetyfirst approach, the Company quickly instituted measures to trace all employees and be assured of their well-being. Our teams reacted with speed and efficiency, and quickly leveraged technology to shift the workforce to an entirely new‘work-from-home model. Proactive preparations were done in our work locations during this transition to ensure our offices are safe.

4. WEB ADDRESS OF ANNUAL RETURN

The Web Address where Annual Return in form MGT-9 of the Company for the Financial Year 2019-2020 referred in sub-section (3) of Section 92 has been placed is mentioned below: www.sunshinecapital.in.

5. CHANGE IN NATURE OF BUSINESS

There was no change in the nature of business of company.

6. SUBSIDIARY / ASSOCIATE/ JOINT-VENTURE COMPANIES

The Company does not have any subsidiary / Associate/ Joint-Venture company.

7. SHARE CAPITAL

The Authorized Share Capital of the Company as on 31st March, 2020 was 13,11,00,000/- and Paid up Share Capital as on 31st March, 2019 was 13,02,09,000/- and there was no change in share capital of the company during the year.

8. DIVIDEND

No Dividend was declared during the year.

9. TRANSFER TO STATUTORY RESERVES

During the year under review Company has transferred 17,79,002/-.to the Statutory Reserves Fund from the profits of the Company in accordance with the provision of Section 45-IC of the Reserve Bank of India.

10. NON-ACCEPTANCE OF PUBLIC DEPOSITS

The Company has not invited/accepted any public deposits or any fixed deposits during the financial year 2019-2020. Hence, there are no defaults in repayment of amount of principal and interest as on the date of balance sheet.

11. RBI GUIDELINES

The Company continues to fulfill all the norms and standards laid down by the Reserve Bank of India for the Non-Banking Financial Company.

12. NBFC REGISTRATION

The company has been registered with Reserve Bank of India as Non-Banking Finance Company Vide Registration No. B-14.01266 on dated 25thSeptember 1998.

13. NON-BANKING FINANCIAL COMPANIES AUDITORS REPORT (RBI) DIRECTIONS, 2016

Pursuant to the Non-Banking Financial Companies Auditors Report (Reserves Bank) directions, 2016, a report from the Statutory Auditors to the board of directors has been received by your company. This report has certified that the company has complied with all the directions and prudential norms as prescribed under the RBI Act, 1934.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

DIRECTORS RETIRE BY ROTATION:

Mr. Surendra Kumar Jain, Managing Director of the Company, is liable to retire by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment. The Board of Directors recommends hisre-appointment.

INDEPENDENT DIRRECTORS:

The Independent Directors hold office for a fixed term of five years and are not liable to retire by rotation. The Independent Directors have submitted their disclosure to the Board that they fulfill all the requirements as to qualify for their appointment as an Independent Director under the provisions of the Companies Act, 2013 as well as SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The policy for regularization of Independent Director is also placed on Website of the company i.e. www.sunshinecapital.inrespectively. During the Year, one (1) Meeting held in the F.Y. 2019-20 on 04.09.2019, of the Independent Directors.

BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration, Stakeholders Relationship Committee and Risk Management Committees.

KEY MANAGERIAL PERSONNEL:

The following persons have been designated as Key Managerial Personnel of the Company pursuant to Section 2(51) and Section 203 of the Act, read with the Rules framed there under: A. Mr. Surendra Kumar Jain, Managing Director

B. Ms. Sangeeta, Chief Financial Officer C. Ms. Apoorva Chaturvedi, Company Secretary* D. Ms. Sakshi Gaur, Company Secretary

*Ms. Apoorva Chaturvedi, Company Secretary of the Company has tendered her resignation from the aforesaid post w.e.f. March18, 2020.

COMPANY SECRETARY:

Ms. Apoorva Chaturvedi, an Associates Member of ICSI has resigned from the Post of Company Secretary w.e.f 18thMarch, 2020 and in place of her Ms. Sakshi Gaur, an Associates Member of ICSI has been appointed as Company Secretary of the Company with effect from 27thMay, 2020.

15. DIRECTORS RESPONSIBILITY STATEMENT:

In accordance with the provision of section 134(5) of the Companies Act, 2013 the Board confirms and submits the Directors Responsibility Statement:

• In the preparation of the Annual Accounts, the applicable Accounting Standards have been followed along with proper explanation relating to material departures;

• The Directors have selected such accounting policies and applied them consistently and made judgments and estimates that were 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 of the Company for the year under review;

• The Directors have taken proper & sufficient care of the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding theassets of the Company and for prevention & detecting fraud & other irregularities;

• The Directors have prepared the accounts for the year ended 31st March, 2020 on a going concern basis.

• 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.

• The directors had devised proper system to ensure compliance with the provision of all applicable laws and that such systems were adequate and operating effectively.

16. MEETINGS a) BOARD MEETINGS

The Board of Directors duly met Ten (10) Times during the Financial Year from 1st April, 2019 to 31stMarch, 20 20. The dates on which meetings were held are as follows:

05th April 2019, 27th May 2019, 6th June 2019, 26th July 2019, 4th September 2019, 21ST September 2019, 27thSeptember 2019, 5th November 2019, 20th January 2020, 18th March 2020.

The periodicity between two Board Meetings was within the maximum time gap as prescribed in the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015/ Companies Act, 2013. The Composition of the Board of Directors, their attendance at Board Meetings and last Annual General Meeting is as under:

Name of Director Designation Category Number of Board Meetings Directors Directors entitled to attended attend Attendance of Last AGM
Mr. Surendra Jain Managing Director Executive & Promoter 10 10 Yes
Ms. Rajni Tanwar Woman Director Non-Executive, Independent 10 10 Yes
Mr. Sujan Mal Mehta Director Non-Executive & Independent 10 10 Yes
Mr. Anil Prakash Director Non-Executive & Independent 10 10 Yes

(b) COMMITTEE MEETINGS: (i) AUDIT COMMITTEE

The Audit Committee comprises three Members of which two members including Chairperson of theCommittee is Independent Director. During the year Five (5) Audit Committee Meetings were convened and held.

Meetings of the Committee:

The Committee met 5 times on 5th April 2019, 27th May 2019, 26th July 2019, 5th November 2019 and 19thJanuary 2020 during the financial year ended on March 31st, 2020. The Composition of audit committee and their attendance at the meeting are as under: -

Name of Members Category/ Designation No. of Meetings
Members entitled to attend Members attended
Mr. Sujan Mal Mehta Chairperson 5 5
Mr. Anil Prakash Member 5 5
Mr. Surendra Kumar Jain Member 5 5

(ii) NOMINATION & REMUNERATION COMMITTEE

The Nomination & Remuneration Committee comprises three members, all are Non-Executive Directors, of which two including Chairperson of the Committee are Independent Directors. During the year, three(3) Nomination & Remuneration Committee Meetings was convened and held.

Meetings of the Committee:

The Committee met 3 times on 27th September 2019, 4th November 2019 & 18th March 2020during the financial year ended on March 31st, 2020. The Composition of Nomination & Remuneration Committee and their attendance at the Meeting are as under: -

Name of Members Category/ Designation No. of Meetings
Members entitled to attend Members attended
Mr. Sujan Mal Mehta Chairperson 5 5
Ms. Rajni Tanwar Member 5 5
Mr. Anil Prakash Member 5 5

The amended/ updated policy of nomination policy is also placed on website of the company i.e. www.sunshinecapital.in respectively.

(iii) RISK MANAGEMENT COMMITTEE:

The Risk Management Committee comprises three members of which two including Chairperson of the Committee are Independent Director. During the year one (1) Risk Management Committee Meetings were convened and held.

Meetings of the Committee:

The Committee met 1 time on 4th November, 2019 during the financial year ended on March 31st, 2020. The Composition Risk Management committee and their attendance at the meeting are as under: -

Name of Members Category/ Designation No. of Meetings
Members entitled to attend Members attended
Mr. Anil Prakash Chairperson 1 1
Mr. Sujan Mal Mehta Member 1 1
Ms. Rajni Tanwar Member 1 1

(iv) STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee comprises three members of which two members are Independent Director. During the year, one (1) Stakeholders Relationship Committee Meetings was convened and held.

Meetings of the Committee:

The Committee met 1 time on 2nd November, 2019 during the financial year ended on March 31st, 2020. The Composition of Stakeholders Relationship committee and their attendance at the meeting are as under: -

Name of Members Category/ Designation No. of Meetings
Members entitled to attend Members attended
Mr. Anil Prakash Chairperson 1 1
Mr. Sujan Mal Mehta Member 1 1
Ms. Rajni Tanwar Member 1 1

(v) ASSET LIABILITY MANAGEMENT COMMITTEE:

The Asset Liability Management Committee comprises of three members of which two including Chairperson of the Committee are Independent Director. During the year one (1) Asset Liability Management Committee Meetings were convened and held.

Meetings of the Committee:

The Committee met 1 time on 2ndNovember, 2019 during the financial year ended on March 31st, 2020. The Composition Asset Liability Management Committee and their attendance at the meeting are as under: -

Name of Members Category/ No. of Meetings
Designation Members entitled to attend Members attended
Mr. Sujan Mal Mehta Chairperson 1 1
Mr. Anil Prakash Member 1 1
Mr. Surendra Kumar Jain Member 1 1

(vi) INVESTMENTCOMMITTEE:

The Investment Committee comprises of three members of which two including Chairperson of the Committee are Independent Director. During the year one (1) Investment Committee Meetings were convened and held.

Meetings of the Committee:

The Committee met 1 time on 1stNovember, 2019 during the financial year ended on March 31st, 2020. The Composition Investment Committee and their attendance at the meeting are as under: -

Name of Members Category/ Designation No. of Meetings
Members entitled to attend Members attended
Mr. Anil Prakash Chairperson 1 1
Mr. Sujan Kumar Mehta Member 1 1

Compliance Officer:

Name of the Compliance Officer Contact Details E-Mail ID
Ms. Apoorva Chaturvedi (till 18.03.2020) 011-23582393 sunshinecapital95@gmail.com
Ms. Sakshi Gaur (w.e.f 27.05.2020 till date) 011-23582393 sunshinecapital95@gmail.com

(17) SHAREHOLDERS MEETING

There is only one Share Holders Meeting i.e. (Annual General Meeting) held on 30thSeptember 2019 at 11:00 A.M. at 16/121-122, Jain Bhawan, First Floor, Faiz Road, W.E.A Karol Bagh, New Delhi-110005.

(18) PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS

During the Financial Year No Loan, Guarantees and Investments made by the Company under Section 186 of the Companies Act, 2013. Details of Loans, Guarantees and Investments outstanding as on 31stMarch, 2020 are given in the notes to the financial statements.

(19) INTERNAL FINANCIAL CONTROL SYSTEM

The Company has in place well defined and adequate internal controls commensurate with the Size of the Company and same were operating throughout the year. The Company has in house Internal Audit Function.

(20) DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM

In pursuant to the provision of Section 177 (9) & (10) of the Companies Act, 2013, The Company has formulated a Whistle Blower Policy to establish a vigil mechanism for Directors and employees of the Company to report concerns about unethical behavior, actual or suspected fraud or violation of the companys code of conduct or ethics policy. The Whistle Blower Policy is available on the website of the Company i.e. www.sunshinecapital.in

(21) PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The particulars of contracts or arrangements with Related Parties for the Financial Year 2019-2020is annexed herewith to the Financial Statements inForm No AOC -2.

(22) MANAGEMENT DISCUSSION ANALYSIS REPORT

The Management Discussion and Analysis Report for the year under review, as stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is presented in a separate section which forms part of the Annual Report under Annexure I.

(23) CORPORATE GOVERNANCE

As per Regulation 15(2) of SEBI (Listing Obligation and Disclosures requirements) Regulation, 2015, Report on Corporate Governance is applicable as the Company is within the prescribed limit that the Paid up Share Capital of the Company is INR 13,02,09,000/- (Thirteen Crore Two Lakh Nine Thousand Only) and Net worth is INR 1,06,77,06,000/- (One hundred and Six Crore Seventy Seven Lakhs Six Thousand Only)as on 31 st March 2020.

(24) AUDITORS

A. STATUTORY AUDITORS:

At the 25thAGM held on September 30, 2019 the Members approved appointment of MAK & Co., Chartered Accountants (Firm Registration No. 028454N) as Statutory Auditors of the Company to hold office for a period of five years from the conclusion of that AGM till the conclusion of theAGM to be held in 2023-2024, subject to ratification of their appointment by Members at every AGM, if so required under the Act. The requirement to place the matter relating to appointment of auditors for ratification by Members at every AGM has been done away by the Companies (Amendment) Act, 2017 with effect from May 7, 2018. Accordingly, no resolution is being proposed for ratification of appointment of statutory auditors in the AGM. However, A Certificate from the Auditors has been received in the last Annual General Meeting of the Company to the effect that their appointment, if made, would be within the limits prescribed under section 141(3)(g) of the Companies Act, 2013 and that they are not disqualified to be appointed as statutory auditors in terms of the provisions of the proviso to section 139(1), section 141(2) and section 141(3) of the companies Act, 2013, and the provisions of Companies (Audit and Auditors) Rules, 2014.

(i) Statutory Auditors Report

The Auditors have given the Statutory Auditors Report for the FY ended 31st March, 2020 and is annexed herewith marked as Annexure-III and forms part of the Annual Report.

(ii) Statutory Auditors Observations

There is a pending Tax demand of 13,82,516/- against the company. The above demand was raised by Department during the course of assessment proceeding in A.Y. 2017-18. The appeal against above assessment order is pending before CIT (A) till date. The Company is hopeful to get relieved from CIT (A), New Delhi. The Directors have considered this observation and said that it will be resolved shortly.

B. SECRETARIAL AUDITOR:

The Company has appointed M/s Ravi & Associates, Company Secretaries as Secretarial Auditor to conduct the Secretarial Audit for the FY 2019-2020.

(i) Secretarial Auditors Report

The Secretarial Audit Report is annexed herewith marked as Annexure- IV to this report in Form No. MR-3.

(ii) Secretarial Auditors Observations

The observations made by Auditors with reference to notes to account are Self-explanatory and need no comments. The Board of Directors considered the matter and seeking to resolve the matter, if any.

C. INTERNAL AUDITOR

The Company has appointed Mr. Deepak Tyagi as an Internal Auditor of the Company for the F.Y. 2019-2020.

(i) Internal Auditors Report

Mr. Deepak Tyagi placed the internal audit report to the Company.

(ii) Internal Auditors Observations

Internal audit report itself -explanatory and need no comments.

(25) MAINTENANCE OF COST RECORDS

Maintenance of Cost Audit Records as specified by the Central Government under sub-section (1) of Section 148 of the Companies Act, 2013 is not applicable to the Company and accordingly such accounts and records are not required to be made and maintained. Also Cost Audit is not applicable to the Company.

(26) ENHANCING SHAREHOLDER VALUE

Your Company firmly believes that its success in the market place and a good reputation is among the primary determination of value to the shareholders. For this purpose, the Management has listed its shares on Bombay Stock Limited (BSE) having nationwide trading platform.

(27) PARTICULARS OF EMPLOYEES

Disclosure under Section 197(12) and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014.

1. Ratio of remuneration of each director to the median remuneration of the employees of the company for the financial year ended 31stMarch, 2020.

Sr. No. Name of Directors Remuneration P.A Ratio to Median Remuneration of Employees
1. Mr. Surendra Kumar Jain NIL NIL

Note: No sitting fees paid to Independent Directors and Non-executive director and hence not included in the above table.

2. The percentage increase in remuneration of each director CFO, CEO, Company Secretary or Manager, if any, in the financial year 2019-20: NIL

3. Percentage increase in median remuneration of employees in the financial year: NIL

4. The number of permanent employees on the rolls of the company as on 31stMarch, 2020 is 8 (Eight)

5. Affirmation that the remuneration is as per the remuneration policy of the company:

Pursuant to Rule 5(1)(Xii) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, it is affirmed that the remuneration paid to the Directors, Key Managerial Personnel and senior management is as per the Remuneration Policy of your Company.

(28) DEMATERILISATION OF SHARES

The Company has connectivity with NSDL & CDSL for dematerialization of its equity shares. The ISIN INE974F01017 has been allotted for the Company. Therefore, the investors may keep their shareholding in the electronic mode with their Depository Participants 81.34% and balance 18.66% is in the physical form of the companys paid-up Share Capital is in dematerialized form as on 31st March, 2020.

(29) LISTING OF SHARES

The Company has got listed 13020900 Equity Shares of INR 10/- each on Bombay Stock Exchange (BSE).

(30) CREDIT RATING

The Directors of the Company are pleased to report that the Company is registered with all four RBI Authorized CICs Companies i.e. TransUnion CIBIL Limited (Formerly: Credit Information Bureau (India) Limited).Credit Information Bureau (India) Limited (CIBIL), Equifax Credit Information Services Private Limited (ECIS), Experian Credit Information Company of India Pvt Ltd, CRIF High Mark Credit Information Services Pvt Ltd.

(31) EXPOSURE TO REAL ESTATE

During the yearCo. has 21.59 (In crore) exposure to Real estate.

(32) CAPITAL FUND TO RISK WEIGHTED ASSETS

The Percentages to capital funds to risk weighted assets/exposures are as follows:

PARTICULARS (IN %)
Tier-I Capital 99.74
Tier-II Capital 0.22
Total 99.96

(33) HEALTH, SAFETY AND ENVIRONMENT PROTECTION

The Company has complied with all the applicable environmental law and labour laws. The Company has been complying with the relevant laws and has been taking all necessary measures to protect the environment and maximize worker protection and safety.

(34) HUMAN RESOURCES

People remain the most valuable asset of your Company. Your Company follows a policy of building strong teams of talented professionals. Your Company continues to build on its capabilities in getting the right talent to support different products and geographies and is taking effective steps to retain the talent. It has built an open, transparent and meritocratic culture to nurture this asset. The Company recognizes people as its most valuable asset and The Company has kept a sharp focus on Employee Engagement. The Companys Human Resources is commensurate with the size, nature and operations of the Company.

(35) DISCLOSURE OF FRAUDS IN THE BOARDS REPORT UNDER SECTION 143 OF THE COMPANIES ACT, 2013

During the year under review, your Directors do not observe any transactions which could result in a fraud. Your Directors hereby declares that the Company has not been encountered with any fraud or fraudulent activity during the Financial Year 2019-20.

(36) COMPLIANCE

The Company has complied and continues to comply with all the applicable regulations, circulars and guidelines issued by the Ministry of Corporate Affairs (MCA), Stock Exchange(s), Securities and Exchange Board of India (SEBI) etc. The Company has complied with all applicable provisions of the Companies Act, 2013, Listing Agreement executed with the Stock Exchange(s), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable rules/regulations/guidelines issued from time to time.

(37) SECRETARIAL STANDARDS OF ICSI

Pursuant to the approval by the Central Government to the Secretarial Standards specified by the Institute of Company Secretaries of India on April 10, 2015, the Secretarial Standards on Meetings of the Board of Directors (SS-1) and General Meetings (SS-2) came into effect from July 01, 2015. Thereafter, Secretarial Standards were revised with effect from October 01, 2017. The Company is in compliance with the Secretarial Standards.

(38) 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 Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The policy is available on the website of the company i.e. www.sunshinecapital.in The following is a summary of sexual harassment complaints received and disposed off during the year 2018-19.

• No of complaints received: 0

• No of complaints disposed off : N.A.

(39) DEVELOPMENT & IMPLEMENTATION OF RISK MANAGEMENT POLICY

The assets of the Company are adequately insured against the loss of fire, riot, earthquake, terrorism, loss of profits, etc other risks which considered necessary by the management. The Company has been addressing the various risks impacting the Company and policy of the Company on risk management is continuously reviewed by the Management of the Company.

(40) DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable.

(41) MATERIAL CHANGES AND COMMITMENTS BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT

Except as disclosed elsewhere in the Report, there have been no material changes and commitments made between the end of the financial year of the company and the date of this report.

(42) SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS OF THE COMPANY

There are no significant and material orders passed by the regulators or courts or tribunals impacting the going concern status of the company.

(43) CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS & OUTGO

The information pertaining to conservation of energy, technology absorption, Foreign exchange Earnings and outgo as required under Section 134(3) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is furnished

(A) Conservation of energy

Steps taken / impact on conservation of energy, with special reference to the following:

Steps taken by the company for utilizing alternate sources of energy including waste generated: NIL (B) Technology absorption

Efforts, in brief, made towards technology absorption. Benefits derived as a result of the above efforts, e.g., product improvement, cost reduction, product development, import substitution, etc. The Company has not taken any technical knowhow from anyone and hence not applicable. In case of imported technology (imported during the last 3 years reckoned from the beginning of the financial year), following information may be furnished: The Company has not imported any technology and hence not applicable. Expenditure incurred on Research and Development: The Company has not incurred any expenditure on research and development.

(c) Foreign Exchange Earnings/ Outgo

Foreign Exchange Earnings And Outgoings 31st March, 2020 31st March, 2019
Earnings in Foreign Currency (FOB Value of exports) NIL NIL
Expenditure in Foreign Currency NIL NIL

ACKNOWLEDGEMENT

The Directors are thankful to the Bankers, Customers, Dealers and Vendors for their valuable support and assistance. The Directors wish to place on record their appreciation of the commendable work done, dedication and sincerity by all the employees of the Company at all levels during the year under review. The Company will make every effort to meet the aspirations of its shareholders and wish to sincerely thank them for their whole hearted co-operation and support at all times.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
FOR SUNSHINE CAPITAL LIMITED
SURENDRA KUMAR JAIN RAJNI TANWAR
DATE: 23.07.2020 MANAGING DIRECTOR DIRECTOR
PLACE: NEW DELHI DIN: 00530035 DIN:08201251