Supreme Engineering Ltd Directors Report.

To,

The Members of

SUPREME ENGINEERING LIMITED

R-223, MIDC Complex,

Thane Belapur,

Rabale, Navi Mumbai - 400 701

Your Directors are pleased to present their Thirty Third Boards Report together with the Audited Financial statements for the year ended 31st March, 2020.

1. EXTRACT OF ANNUAL RETURN {SECTION 92(3)}

Pursuant to Section 92(3) of the Companies Act, 2013 read with Rule 12(1) of companies (Management and Administration) Rules, 2014, the extract of Annual Return in the prescribed from i.e. Form MGT-9 is annexed herewith as "Annexure - I", which forms part of annual report. Members may note that the copy of Annual Return will also be made available on the Companys website: https://www.supremesteels.com/mqt9.php

2. NUMBER OF BOARD MEETINGS

The Board of Directors duly met 6 times during financial year 2019-20.

3. DIRECTOR RESPONSIBILITY STATEMENT

Pursuant to the requirement of section 134(5) of the Companies Act, 2013, the Directors here by confirm that:

I. In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departure.

II. The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are responsible and prudent so as to give a true and fair view of the state of affairs of the Company at the end of financial year and of the profit and loss of the Company for that period.

III. The Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this act for safeguarding the assets of the Company and for preventing and detecting the fraud and irregularities.

IV. The Directors had prepared the annual accounts on a going concern basis.

V. The Directors, in case of a listed Company, had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

VI. The Directors had devised the proper system to ensure the compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

4. SHARE CAPITAL

The Paid-up Equity Share Capital of your Company as on 31st March, 2020 was Rs. 24,99,50,000 Equity Shares comprising of 2,49,95,000 Equity Shares of Rs. 10 each.

5. DEPOSITS

Except the exempted deposits, the Company has neither accepted nor renewed any deposits within the meaning of Companies (Acceptance of Deposits) Rules, 2014.

6. DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS

The Company has an adequate Internal Control System, commensurate with size, scale and complexity of its operations. They have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information, complying with applicable statutes, safeguarding assets from unauthorized use, executing transactions with proper authorization and ensure compliance of corporate policies. It has continued its efforts to align all its processes and controls with global best practices.

All the transactions are properly authorized, recorded and reported to the Management. The Company is following all the applicable Accounting Standards for properly maintaining the Books of Accounts and preparation of Financial Statements.

7. STATEMENT OF DECLARATION BY INDEPENDENT DIRECTOR: (Section 134)

The Independent Directors of the Company have given the declaration to the Company that they meet the criteria of independence as provided in section 149(6) as well as under regulation 25 of (LODR) Regulation, 2015. There has been no change in the circumstances which may affect their status as Independent Director during the year.

8. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION AND OTHER DETAILS:

The Nomination and Remuneration Committee has laid down the criteria for Directors Appointment and Remuneration including criteria for determining qualification, positive attributes and Independence of Director. The following attribute/criteria for selection have been laid by the board on the recommendation of committee:

• The candidate should possess the positive attributes such as leadership, entrepreneurship or such other attributes which in the opinion of the committee are in the interest of the Company.

• The candidate should be free from any disqualification as provided under sections 164 and 167 of Companies Act, 2013

• The candidate should meet the conditions of being independent as stipulated under the companies act, 2013

• The appointment or re- appointment of a Director is made pursuant to an established procedure which includes assessment of managerial skills, professional behavior, technical skills and other requirements as may be required by the post.

• The Executive and Whole-time Directors of the Company are paid remuneration as per their terms and conditions which are approved by the Board after taking into consideration the recommendations made by Nomination and Remuneration Committee.

9. AUDITORS Statutory Auditor:

R.T. Jain & Co. LLP, Chartered Accountants, bearing FRN: 103961W/W100182, the Companys Statutory Auditors of the Company, in accordance with the provisions of the act to hold the office from the conclusion of 31st Annual General Meeting till the conclusion of 36th Annual General Meeting, for a single tenure of 5 (five) years.

The Notes on financial statement referred to in the Auditors Report are self-explanatory and do not call for any further comments. The qualification, reservation and adverse remarks are mentioned in the Auditors Report.

Internal Auditors:

Pursuant to the provision of section 138 of the Companies Act, 2013 and the Companies (Accounts) Rules, 2014, the Company has appointed M/s Nand Kishore & Co., Chartered Accountants, Mumbai (FRN- 139699W) as an Internal Auditor of the Company for the year under review by the Board of Directors, upon recommendation of the Audit committee.

Cost Auditors:

Pursuant to section 148 (3) of the Companies Act, 2013 and Rule 6(2) of the Companies (Cost records and Audit Rules) 2014, Dinesh Jain & Company, Cost Accountants, (Registration No. 100583) are appointed as the Cost Auditors of the Company to conduct audit of cost records made and maintained by the Company for Financial year commencing on 1st April, 2019 and ending on 31st March, 2020 at a remuneration of Rs. 50,000 (Rupees Fifty Thousand only) p.a. plus Service Tax & re-imbursement of out-of- pocket expenses.

Secretarial Auditor:

Pursuant to the provision of section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed M/s. SVN & Associates, Practicing Company Secretary, Mumbai bearing C.P No. - 14125 to undertake the Secretarial Audit of the Company for the Financial Year 2019-2020.

The Secretarial Auditor has submitted his report on Secretarial Audit conducted by him which is annexed to this report as "Annexure IV". The Secretarial Audit report contains qualification, reservation or adverse remark as follows:

The Company had provided loan of Rs. 7,00,000/- to a related party without obtaining the prior consent and approval of the Audit Committee and board of Directors. Accordingly, the Company has not complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 read with the applicable listing regulations and the internal Related Party Transaction policy of the Company.

The Company has not complied with the cost audit as per the provisions of section 148 of the Companies Act, 2013 for the year under review.

The Company has not filed Annual return under Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013.

10. LOAN, GUARANTEE AND INVESTMENT BY COMPANY: (SECTION 186)

The Company has not given any Loan or Guarantee or security or made any investment during the financial year.

11. RELATED PARTIES TRANSACTION

During the year under review, all the related party transactions were in the ordinary course of the business and on arms length basis. Those transactions were placed before the Audit committee of Directors for prior approval in the form of omnibus approval.

Related party transactions under Accounting Standard - 18 are disclosed in the notes to the financial statement and also mentioned in Form AOC-2 pursuant to clause (h) of sub-section (3) of Section 134 read with Rule 8(2) of Companies (Accounts) rules, 2014, attached as Annexure-II, to this report.

12. FINANCIAL RESULTS:

(Amt. in lacs)

Particulars For the F.Y. ended 31st March, 2020 For the F.Y. ended 31st March, 2019
Revenue from Operations 16689.93 17357.35
Other Income 104.39 115.85
Total Revenue 16794.32 17473.21
Profit before Finance Cost, Depreciation, Extraordinary items & Taxes 1734.44 1843.38
Less: Finance Cost 983.47 752.72
Less: Depreciation & Amortization Expenses 179.82 188.81
Profit/ Loss Before Prior Period Items and Taxes 571.16 901.85
Exceptional and Extra Ordinary Items -1.18 0.00
Profit/ Loss Before Tax (PBT) 569.98 901.85
Less: Provision for Tax 132.47 225.12
Less: Deferred Tax 12.16 0.52
Profit/ Loss After Tax 425.33 676.20
Balance Carried to Balance Sheet 425.33 676.20

13. RESERVES:

The Company proposes to carry Rs. 425.33 Lakhs to the Reserves from Net Profits of the financial year 2019-2020. All the requirement as laid down in Companies Act, 2013 and rules made their under are complied with.

14. IPO PROCEEDS & DEPLOYMENT FUNDS:

The Company has successfully come up with an Initial Public Offer of 65,76,000 fresh equity shares and OFS of 8,000 equity shares of Rs. 10 each at a price of Rs. 27 per share including premium of Rs. 17 each aggregating to Rs. 1777.68 Lakhs and got listed on NSE Emerge Platform of National Stock Exchange of India Limited on 6th September, 2018.

Statement of deviation/ Variation in Utilization of funds raised during IPO as on 31.03.2020 is as follows:

Amount in Lacs

Particulars Amount allotted for object of the issue as disclosed in Offer Document Actual Utilization till 31st March, 2020 Balance amount to be utilized Deviation (if any)
Part finance the Working Capital requirements 700.00 700.00 0.00 Nil
Part repayment of High Cost Debt 467.12 467.12 0.00 Nil
Capital Expenditure 95.07 43.18 51.89 Nil
General Corporate Purpose 300.00 300.00 0.00 Nil
IPO Issue expenses 213.33 213.33 0.00 Nil
Total 1775.52 1723.63 51.89

15. STATE OF COMPANYS AFFAIRS:

Your Company has achieved the Total Turnover of Rs. 166.89 Crores during Financial Year 2019-2020 as against the Turnover of 2018- 19 Rs. 173.57 Crores showing slight decrease of 3.85% over the Previous Year. The management puts continuous efforts to increase the operational efficiency and turnover. Similarly, the Net Profit of your Company during Financial Year 2019-2020 is Rs. 4.25 Crores as against the Net Profit of 2018-2019 Rs. 6.76 Crores showing sharp decline of 37.13% over the Previous Year.

16. DIVIDEND:

In view of the need to conserve the resources of the Company, the Directors do not recommend dividend for this year.

17. IMPACT OF COVID -19 ON BUSINESS:

In view of the nationwide lockdown and restrictions due to COVID-19 Pandemic, the business has been hit severely and it has posed challenges to the operations of the business of the Company. The Operations at both the units Rabale and Khopoli were suspended since Wednesday, 25th March 2020 till 3rd week of May 2020. Various restrictions related to operations and mobility have impacted the Companys business and resulting effect on revenue and profitability. Hence, the pandemic has impacted production and business operations during lockdown period and thereafter. The dispatches were badly hit in the end of March, 2020. The Company has adopted the provisions of the Standard Operating Procedure (SOP) in line with announcement of the Ministry of Home Affairs, Government of India and was cautiously planning its operations in line with the directives issued by the Government and the regulatory bodies from time to time.

18. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE COMPANY AS ON DATE OF BALANCESHEET:

• Mr. Ajay Kumar Dalmia resigned from the post of Chief Financial Officer vide resignation letter 06th June, 2019 with effect from 05th July, 2019.The resignation was accepted by the Board by way of circular resolution dated 10th July, 2019.

• Mrs. Krupali Thakkar resigned from the post of Company Secretary and Compliance Officer vide resignation letter 06th February, 2020. The resignation as accepted by the Board with effect from 20th February, 2020.

19. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF 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;

1. The Board approved the following resolution in Board Meeting dated 05th August, 2020:

• Approve the appointment of Mr. Sanjeev Khandelwal (DIN: 08780152) as Additional Independent Director of the Company for a period of 5 years subject to approval of shareholders in the next Annual General Meeting.

• Approve the appointment of Mr. Dinesh Kumar Likhi (DIN: 03552634) as Additional Independent Director of the Company for a period of 5 years subject to approval of shareholders in the next Annual General Meeting.

• Approved cessation of Mr. Lalita Chowdhri, Non executive Director as Chairperson of the Company.

• Approved the Re-designation of Mr. Sanjay Chowdhri as Chairman and Managing Director of the Company.

• Consider and approved the appointment of Mrs. Krupali Thakkar as Company Secretary and Compliance Officer (CS & KMP) of the Company.

• Consider and approved the appointment of Mr. Vijay Salate as Chief Financial Officer (CFO & KMP) of the Company.

• Approved Related Party Policy of the Company.

• Approved Terms and Conditions for appointment of Independent Directors Policy.

• Approved Nomination and Remuneration Policy of the Company.

• Approved the Reconstitution of Committees of the Company.

2. The Board approved the following resolution in Board Meeting dated 10th September, 2020:

• Applied for the Migration of the Company from SME Platform of National Stock Exchange of India Limited, i.e. NSE Emerge, to Main Board of National Stock Exchange of India Limited;

• Appointment of Dinesh Jain & Company, Practising Cost Accountants as Cost Auditors for the F.Y. 2020-2021 of the Company.

20. CONSERVATION OF ENERGY, TECHNOLOGICAL ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

(A) Conservation of energy:

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

(i) Steps taken by the Company for optimizing electrical consumption:

1. Reduction of electricity cost by optimizing motor capacities for better electrical efficiency in drawing and peeling departments of wire decision

2. Installation of capacitors inn various machines of the special steels plant for reduction of power factor, thereby reducing electricity wastage

(ii) Capital Investment on energy conversion equipments - N.A.

(B) Technology Absorption:

1. Efforts in brief made towards technology absorption - Technology installed - Additional center less grinders, new automatic PLC controller for ESR to optimize production

2. Benefits derived as a result of the above efforts, for e.g., products improvement, cost reduction, product development, import substitution, etc, - Increase of production capacity for critical alloys

3. No technology was imported during the last 3 years - N.A.

4. Expenditure incurred on Research and Development - N.A.

(C) Foreign exchange Earnings and Outgo:

PARTICULARS AMOUNT (Rs. In lacs)
Foreign Exchange earned in terms of actual Inflows during the year 156.79
Foreign Exchange outgo during the year in terms of actual Outflows 2.57

21. RISK MANAGEMENT POLICY:

The Management has put in place adequate and effective system and man power for the purpose of Risk Management. In the opinion of the Board, there are no risks which would threaten the existence of the Company.

22. CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Company has formulated Corporate Social Responsibility (CSR) Policy and the Annual Report on CSR activities for the financial year 2019-20 is enclosed as "Annexure III"

23. FORMAL ANNUAL EVALUATION:

The formal annual evaluation of Directors is made depending upon Companies Evaluation Policy.

24. DISCLOSURE IN RESPECT OF SCHEME FORMULATED UNDER SECTION 67(3) OF THE COMPANIES ACT, 2013

Since the Company has not formulated any scheme in terms of Section 67(3) of the Companies Act, 2013 no disclosures are required to be made.

25. REVISION OF FINANCIAL STATEMENTS OR BOARDS REPORT {SECTION 131(1)S}

The Company has not made any modification or alteration in its Financial Statement / Board Report in respect of last Four Years.

26. DIRECTOR AND KEY MANAGERIAL PERSONNELS:

In accordance with the requirements of Companies Act, 2013 Mr. Abhinav Chowdhri, Executive Director of the Company will retire by rotation at the ensuing Annual General meeting and being eligible, offers himself for reappointment. Your Board recommends re-appointment Mr. Abhinav Chowdhri (DIN: 07121484) at the ensuing Annual General Meeting. A brief resume, nature of expertise, details of directorships held in other companies and other information of Mr. Abhinav Chowdhri (DIN: 07121484) proposing re-appointment pursuant to the provisions of the Companies Act, 2013 and Listing Obligations & Disclosure Requirement Regulations 2015 is appended as an annexure to the notice of ensuing Annual General Meeting.

During the year, following were the changes in Directors and Key Managerial Personnel (KMPs):

Sr. Name of No. Directors/KMPs Designation Date of Change Reason
1. Mr. Ajay Kumar Dalmia Chief Financial officer 05 th July, 2019 Cessation
2. Mr. Krupali Thakkar Company Secretary and Compliance Officer 20th February, 2020 Cessation

27. DETAILS OF COMMITTEES:

The Board has formulated following committees for compliance with corporate governance requirements:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

4. Corporate Social Responsibility Committee

The following Committees have been reconstituted w.e.f 05th August, 2020 as follows:

Audit Committee
Sr. no. Name of Directors Designation in Committee Category
1 Mr. Prakash Deshmukh Chairman Non-Executive and Independent
2 Mr. Sanjeev Khandelwal Member Non-Executive and Independent
3 Mr. Abhinav Chowdhri Member Executive Director
Nomination and Remuneration Committee
Sr. no. Name of Directors Designation in Committee Category
1 Mr. Sanjeev Khandelwal Chairman Non-Executive and Independent
2 Mr. Prakash Deshmukh Member Non-Executive and Independent
3 Mrs. Lalita Chowdhri Member Non-Executive, Non-independent and
Stakeholders Relationship Committee
Sr. no. Name of Directors Designation in Committee Category
1 Mrs. Lalita Chowdhri Chairman Non-Executive, Non-independent and
2 Mr. Dinesh Kumar Likhi Member Non-Executive and Independent
3 Mr. Sanjay Chowdhri Member Chairman & Managing Director

28. DISCLOSURE PURSUANT TO SECTION 197(14) OF THE COMPANIES ACT, 2013

No Managing Director or Whole- Time Director of the Company was in receipt of any remuneration or commission from the Companys Holding or Subsidiary companies during the financial year.

29. PERFORMANCE AND FIANANCIAL POSITION OF EACH OF THE SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES:

There are no Subsidiaries, Associates and Joint Venture Companies of the Company.

30. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place an anti-harassment policy in line with the requirements of the Sexual Harassment of women at workplace (Prevention, Prohibition and Redressal) Act, 2013. Internal Complaint Committee has been set up to redress complaints received regularly and are monitored by women line supervisors who directly report to the Chairperson of the committee.

31. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A report on Management Discussion and Analysis, as required in terms of Regulation 34(2) of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015, form part of this report. It deals with the business operations and Financial performance, Research and Development Expansion & Diversification, Risk Management, etc, is enclosed as per "Annexure V".

32. CORPORATE GOVERNANCE REPORT

Corporate Governance provisions are not applicable to your Company pursuant to Chapter IV (OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.

33. PARTICULAR OF EMPLOYEES

The Company has no employees, who is in receipt of remuneration of Rs. 8,50,000 per month/-or Rs. 1,02,00,000 per annum and hence, the company is not required to give their information under Sub Rule 2 and 3 of Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

34. DISCLOSURE PURSUANT TO SECTION 197(12) OF THE COMPANIES ACT, 2013 AND RULE 5 OF THE COMPANIES (APPOINTMENT & REMUNERATION) RULES, 2014

Sr. No. Particulars
1. the ratio of remuneration of each director to the median remuneration of the employees of the Company for the financial year Name of Directors Ratio
Mr. Sanjay Chowdhri 26.47:1
Mr. Abhinav Chowdhri 9.26:1
2. Percentage increase in Remuneration of each director, chief financial officer, chief executive officer, company secretary or manager, if any Krupali Thakkar (CS)- 1.94% Pranav Chowdhri(CEO)- No change Sanjay Chowdhri (MD)- No change CFO*- refer note
Abhinav Chowdhri (WTD)-16.67%
3. Percentage increase in the median rem in the financial year luneration of employees There was increase in remuneration by 17.69 %
4. Number of permanent employees on t Company he rolls of F.Y. 19-20- 35
5. Average Percentile increase already m employees other than managerial per year and Its comparison with p< managerial remuneration and Justifica out if there are any exceptional circum managerial remuneration. ade in the salaries of sonnel in last financial ercentile increase in tion thereof and point istances for increase in 25.78% and 3.08%
For managerial remuneration, salary of CFO has not been taken into account as he was employed for only 3 months for the F.Y. 19-20.
6. Affirmation It is affirmed that remuneration is as per the Nomination & Remuneration policy of the Company.

Notes:

• The remuneration paid to Managing Director includes salary, contribution to Provident Fund, Superannuation Fund etc.

• Mr. Ajaykumar Dalmia resigned w.e.f 05.07.2019 from the post of Chief Financial Officer. Therefore, the percentage increase in salary cant be ascertained.

• The remuneration details are disclosed as below:

Name Particulars Remuneration (Rs.)
2019-2020 2018-2019
Mr. Sanjay Chowdhri Managing Director 60,00,000 60,00,000
Mr. Abhinav Chowdhri Executive Director *21,00,000 18,00,000
Mr. Pranav Chowdhri Chief Executive Officer 18,00,000 18,00,000
Mrs. Krupali Thakkar CS & Compliance Officer 4,12,000 4,12,000
Mr. Gopal Mishra Chief Financial Officer N.A. 68,000
Mr. Ajay Kumar Dalmia Chief Financial Officer 5,73,203 15,29,500

*Mr. Abhinav Chowdhris remuneration was increased w.e.f 01st October, 2019 was vide shareholders resolution dated 28th September, 2019.

Note: The salary of KMPs is on the basis of Gross salary.

35. NUMBER OF MEETINGS OF BOARD OF DIRECTORS:

The Board of Directors met six times in the Board Meeting held during the F.Y. 2019-2020

Name of Director Category / Designation of Director Number of Meetings
Mr. Sanjay Chowdhri Managing Director 6/6
Mrs. Lalita Chowdhri Chairperson and Non-Executive 6/6
Mr. Abhinav Chowdhri Executive Director 6/6
Mr. Prakash Deshmukh Non-Executive Independent 5/6
Mr. Jayaraman Kannan Non-Executive Independent 5/6

36. AUDIT COMMITTEE:

The Audit Committee comprises of three directors out of which majority directors are Independent Directors namely Mr. Prakash Deshmukh, Chairman, Mrs. Lalita Chowdhri, Member and Mr. Jayaraman Kannan, Member. The Audit Committee met 4 times during the year.

Name of Director Category / Designation of Director Number of Meetings
Mrs. Lalita Chowdhri Chairperson and Non-Executive 4/4
Mr. Prakash Deshmukh Non-Executive Independent 4/4
Mr. Jayaraman Kannan Non-Executive Independent 4/4

37. NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee comprises of three directors all of whom are NonExecutive Directors namely, Jayaraman Kannan, Chairman, Mrs. Lalita Chowdhri, Member and Mr. Prakash Deshmukh, Member. The Nomination and Remuneration Committee met once during the year.

Name of Director Category / Designation of Director Number of Meetings
Mrs. Lalita Chowdhri Chairperson and Non-Executive 1/1
Mr. Prakash Deshmukh Non-Executive Independent 1/1
Mr. Jayaraman Kannan Don-Executive Independent 1/1

38. STAKEHOLDERS RELATIONSHIP COMMITTEE:

The Stakeholders Relationship Committee comprises of three directors majority of whom are NonExecutive Independent Directors namely Mrs. Lalita Chowdhri, Chairperson, Jayaraman Kannan, Member and Mr. Prakash Deshmukh, Member.

Name of Director Category / Designation of Director Number of Meetings
Mrs. Lalita Chowdhri Chairperson and Non-Executive 0
Mr. Prakash Deshmukh Non-Executive Independent 0
Mr. Jayaraman Kannan Don-Executive Independent 0

39. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:

The Corporate Social Responsibility Committee was constituted by our Directors pursuant to Section 135 of Companies Act, 2013 of the Companies Act Read with Companies (Corporate Social Responsibility) Rules, 2014 (including any amendment thereto or re-enactment thereof), by a board resolution dated April 26, 2018. The Corporate Social Responsibility Committee comprises of Mr. Abhinav Chowdhri, Chairman, Mr. Sanjay Chowdhri, Member and Mr. Prakash Deshmukh, Member. The CSR Committee was met once during the financial year.

Name of Director Category / Designation of Director Number of Meetings Attended
Mr. Abhinav Chowdhri Executive Director 1/1
Mr. Sanjay Chowdhri Managing Director 1/1
Mr. Prakash Deshmukh Non-Executive Independent Director 1/1

40. ANNUAL GENERAL MEETINGS:

Details of last three AGM of the Company are as under:

Sr. AGM No. No. Date Place
1. Thirtieth 30th September, 2017 Registered Office: Rabale, Navi Mumbai
2. Thirty First 28th September, 2018 Registered Office: Rabale, Navi Mumbai
3. Thirty Second 27th September, 2019 Hotel Ramada, 156, Millennium Business Park, MIDC, Mahape, Navi Mumbai, Maharashtra 400 710

41. EXTRA-ORDINARY GENERAL MEETINGS:

Details of Extra-Ordinary General meetings of the Company for the F.Y. 2019-2020 are as under: No extra Ordinary General Meetings held in F.Y. 19-20

42. ACKNOWLEDGEMENT:

The Board of Directors gratefully acknowledges the assistance and co-operation received from the Bank of India and all other statutory and non-statutory agencies for their co-operation. The Board of Directors also wish to place on record their gratitude and appreciation to the members for their trust and confidence shown in the Company. The Board of Directors would like to especially thank all the employees of the Company for their dedication and loyalty.

By order of the Board
For Supreme Engineering Limited
Sd/- Sd/-
Sanjay Chowdhri Abhinav Chowdhri
Managing Director Executive Director
00095990 07121484
Place: Navi Mumbai
Date: 27th November, 2020