Tinna Rubber & Infrastructure Ltd Directors Report.

To The Members of

Tinna Rubber and Infrastructure Limited

Your Directors take pleasure in presenting the 34thAnnual Report of your Company, together with the Audited Financial Statements for the Financial Year ended March 31,2021.

1. FINANCIALRESULTS

(Rs. in Lacs)

Particulars

F.Y 2020-21

F.Y 2019-20

Revenue from Operations

13006.55

12302.69

Other Income

168.92

258.42

Total Income

13175.47

12561.11

Expenses

13017.60

13105.23

Profit before exceptional items and tax

157.87

-544.12

Less: prior Period items

-

-

Profit before tax (PBT)

157.87

-544.12

Less: Tax Expenses

46.29

-155.44

Loss after tax (PAT)

111.58

-388.68

Add: Balance brought forward

2571.70

2924.06

Add: Re-measurement gains/Losses on Defined benefit Plan(Net of Tax)

11.73

36.33

Less: Adjustment related to transitional provisions of depreciation
Surplus available for appropriation

2695.01

2571.70

Appropriations:
Less: Proposed dividend on equity Shares

-

-

Less: Tax on proposed dividend

-

-

Less: Transferred to general reserve

-

-

Balance carried to Balance Sheet

2695.01

2571.70

 

1. FINANCIAL REVIEW AND STATE OF COMPANYSAFFAIRS

Main business of the Company is processing of end of life tyres (ELT) &manufacturing of Hi Tensile Ultrafine Reclaim Rubber, Ultrafine Tyre Crumb, Crumb Rubber Modifier (CRM), Modified Bitumen, Bitumen Emulsion, Hi Carbon Steel Abrasives and other allied products.

(A) STANDALONERESULTS

During the Financial Year 2020-21, the revenue from operations for the standalone entity stand to Rs.13006.55, as compared to Rs.12302.69 lacs in the previous Financial Year. Profit before tax is Rs.157.87 lacs as compared to loss before tax is Rs 544.12 in the previous Financial Year. During the year under review there has been profit before tax s compared to previous financial Year. Profit after tax was 111.58 lacs as compared to Loss after tax Rs. 388.68 lacs in the previous Financial Year.

As per the Qualified opinion of the Statutory Auditors (Auditors) included in their "Report on the Standalone Financial Statements-"

a) The Company had incurred marketing promotion expenses, and other expenses, amounting to Rs. 80.43 lakhs during the financial year 2018-19 which has been amortized over a period of three years as is more appropriately referred in note no. 33(11) of the accompanying financial statement. The same is not in accordance with provisions of Ind AS 38 "Intangible Assets" (Para 69). Consequently, the net loss and total comprehensive income for the year ended 31st March, 2019 was understated by Rs. 53.62lakhs, and other noncurrent assets and other current assets were overstated byRs. 26.81 lakhs each. During the year, had the correct accounting treatment been followed by the Company, profit for the year would have been higher by Rs. 26.81 Lakhs.

(B) CONSOLIDATEDRESULTS

The Audited Consolidated Financial Statements together with Auditors Report form part to of the Annual Report. The Consolidated net loss after tax was Rs.13.81 lakhs during the Financial Year 2020-21 as compared to loss after tax Rs. 484.42 lakhs in the previous FinancialYear.

In accordance with the Indian Accounting Standards, on Consolidated Financial Statements, and Accounting for Investment in Associates, the audited Consolidated Financial Statements are provided in the Annual Report.

In terms of Section 134(3)(l) of the Companies Act, 2013, except as disclosed elsewhere in this report, no material changes or commitments affecting the financial position of the Company have occurred between the end of the financial year and the date of this Report.

(C) TRANSFERTORESERVES

The Company performed reasonably well, however the Directors do not propose to transfer any amount to the General Reserve.

(D) CHANGEINTHENATUREOFBUSINESS

There has been no change in the nature of business of the Company during the period under review.

2. DIVIDEND

Based on company performance during the year, the Directors do not propose payment of any dividend for the financial year 2020-21.

4. PROJECTSAND EXPANSION PLANS

The Company is an end to end solution Company in the business of End of life (waste) tyres- sourcing, processing and manufacturing of value added products derived from waste tyres. Tinnas research & development team has developed various value added products from waste tyres during the year.

The Company has established nationwide foot print by setting up plants -in North- at Panipat (Haryana) and Kalaamb (Himachal Pradesh), in South at Gummdipoondi (Tamil Nadu), In East- Haldia (West Bengal) and in West at Wada (Maharashtra) for the manufacturing of Crumb Rubber powder from scrap tyres. The Company has also commenced production of Coated Rubber Crumb at Panipat Plant. This is a highly specialized product using a proprietary chemical compound that can be used in making rubber compounds economically without compromising on the properties. The Company also introduced new technologies and two specialized grades of Emulsion such as Micro Surfacing, Recycling grades Emulsion and Eco-Friendly cold mix emulsion for rural road.). Any new initiative to develop new products and processes takes time to stabilize and additional costs are incurred in the business development. This has also impacted the Companys profitability during the FinancialYear 2020-21.

However, we are confident that this investment will result into a robust and strong future for the Company.

5. SCHEME OFARRANGEMENT

Further no Capital Restructuring has taken place during the year 2020-21.

6. SUBSIDIARY, JOINT VENTURE (JV) AND ASSOCIATE COMPANIES

The Company has no subsidiaries as on March 31, 2021,but has one associate Company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act"). There is no JV Company of the Company. Further there has been no material change in the nature of the business of the Subsidiaries (erstwhile)& Associate Company. Pursuant to provisions of Section 129(3) of the Act, a statement containing salient features of the financial statements of the Companys Subsidiaries (erstwhile)& Associate Company in Form AOC-1 is provided at Annexure "A" to this report. Pursuant to the provisions of Section 136 of the Act, the financial statements of the Company, consolidated financial statements along with relevant documents and separate audited accounts in respect of Associate are available on the website of the Company. Policy for determining material subsidiaries of the Company is available on the website of the Company www.tinna.in.

The details of associate company is given below:

(i) ASSOCIATE

TP BUILDTECH PVT. LTD. (TPBPL)

TPBPLis an associate Company of Tinna Rubber And Infrastructure Ltd. The Company is engaged in the business of manufacturing construction chemicals. With the help of Research & Development activities during the Financial Year 20-21, TPBPL has succeeded in getting orders from various renowned brands and some of the best construction Companies in the country. Revenue from operations (gross) for the Financial Year 2020-21 is Rs. 2799.01lacs as compared to Rs. 4015.18lacs in the previous year Whereas Loss after tax is 286.08 lakhs compared to 196.39 lakhs in the previous year.

7. RISKMANAGEMENT

The Companys risk management framework identifies and evaluates business risks and opportunities. The Company recognizes that these risks need to be managed and mitigated to protect its shareholders and other stakeholders, to achieve its business objectives and enable sustainable growth. The risk framework is aimed at effectively mitigating the Companys various business and operational risks, through strategic actions. Risk management is embedded in our critical business activities, functions and processes. The risks are reviewed for the change in the nature and extent of the major risks identified since the last assessment. It also provides control measures for risks and future action plans. Tyres are highly inflammable and your Companys property and stock are subject to risk of loss due to fire and flood and these are mitigated within surance and fire detecting and firefighting equipments and proper security personnel. Regular training program for employees are being organized by the Company relating to fire control.

8. INTERNAL CONTROLS, INTERNAL FINANCIAL CONTROLS AND AUDIT OVERVIEW

A system of internal control, commensurate with the size and nature of its business, forms an integral part of the Companys corporate governance policies.

INTERNAL CONTROL

The Company has a proper and adequate system of internal control commensurate with the size and nature of its business. Some of the significant features of internal control systems includes:

• Ensuring compliance with laws, regulations, standards and internal procedures and systems.

• De-risking the Companys assets/resources and protecting them from any loss.

• Ensuring the accounting systems integrity proper and authorized recording and reporting of all transactions.

• Preparing and monitoring of annual budgets for all operating and service functions.

• Ensuring the reliability of all financial and operational information.

• Forming an Audit committee of the Board of Directors. The Audit Committee regularly reviews audit plans, significant audit findings, controls and compliance with accounting standards and so on.

• Continuous up-gradation of IT Systems.

The internal control systems and procedures are designed to assist in the identification and management of risks, the procedure-led verification of all compliance as well as an enhanced control consciousness

9. FIXED DEPOSITS

The Company has not accepted any fixed deposits fTom the public. Therefore, it is not required to furnish information in respect of outstanding deposits under Non-banking, Non-financial Companies (Reserve Bank) Directions, 1966 and Companies (Accounts)Rules, 2014.

10. SHARE CAPITAL

There was no change in the Companys share capital during the year under review. The Companys paid up equity share capital remained at Rs.8,56,47,500/- comprising of 85,64,750 equity shares ofRs.10/- each.

11. CORPORATE GOVERNANCE

Your Company has complied with the requirements of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, with regard to Corporate Governance. A report on the Corporate Governance practices and Certificate from Company Secretary in practice on compliance of mandatory requirements thereof is also given in this report.

12. MANAGEMENT DISCUSSION & ANALYSIS

A detailed report on the Management Discussion & Analysis is provided in Annexure "B" to the Directors Report

13. SECRETARIAL STANDARDS

The Directors state that applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors and ‘General Meetings, respectively, have been duly followed by the Company.

14. DIRECTORS AND KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 152 of the Companies Act, 2013, MrsPromila Kumar,Non-

Executive Director, retires by rotation at the forthcoming Annual General Meeting and being eligible, offers herself for re-appointment.

The proposal regarding the re-appointment of the aforesaid Director is placed for your approval.

Shri Subodh Kumar Sharma appointed as Whole Time Director w.e.f 4th November, 2020 and Shri. Rajender Parshad indoria Re-appointed as an Independent Director w.e.f 12th February, 2021. Mr Nirmal Jyoti Chatterjee resigned from the company as whole time director w.e.f. 14th September, 2020

The disclosure pursuant to the provisions of

i) the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and

(ii) Secretarial Standard on General Meetings ("SS-2"), issued by the Institute of Company Secretaries of India and approved by the Central Government is given in the Notice of Annual General Meeting/ Corporate Governance Report.

1. BOARDEVALUATION

The Board carried out an annual performance evaluation of its own performance, the individual Directors as well as the working of the Committees of the Board. The performance evaluation of the Independent Directors was carried out by the entire Board. The performance evaluation of the Chairman and the Non-Independent Directors was carried out by Independent Directors.

2. AUDITORSANDAUDITORSREPORT

A. STATUTORYAUDITORS

At the Companys Twenty Ninth Annual General Meeting (AGM) held on 30th September, 2016, M/s. V. R. Bansal & Associates, Chartered Accountants, New Delhi(ICAI Registration No. 016534N), were reappointed as the Companys Statutory Auditors from the conclusion of the Twenty Ninth AGM until the conclusion of the Thirty Fourth AGM of the Company, subject to ratification of their appointment at every annual general meeting by the shareholders of the company on such remuneration as may be decided by the Board of Directors of the Company. As tenure of M/s. V. R. Bansal &Associates, CharteredAccountants, New Delhi (ICAI Registration No. 016534N) will be completed at the ensuing annual general meeting as prescribed under Companies Act, 2013

The Board of Directors of the company wish toRe- appoint M/s. V. R. Bansal & Associates, Chartered Accountants, New Delhi (ICAI Registration No. 016534N)as a Statutory Auditors of the company for the period of one year & from the conclusion of 34th Annual general Meeting till the conclusion of 35th Annual General Meeting.

It is further pointed out that till the conclusion of 34th AGM, the total tenure of M/s. V. R. Bansal & Associates, Chartered Accountants, New Delhi (ICAI Registration No. 016534N)as a Statutory Auditors of the company is 9 years therefore your directors propose to re-appoint M/s. V. R. Bansal & Associates, Chartered Accountants, New Delhi as Statutory Auditors of the Company for a period of another one year(till the conclusion of 35th AGM)in terms of the provisions of section 139& other applicable provisions of the Companies Act, 2013 read with Audit and Auditor rules, 2014.

M/s. V. R. Bansal & Associates, CharteredAccountants, New Delhi have also expressed their willingness to act as Auditors of the company, if appointed, and have further confirmed that the said appointment would be in conformity with the provisions of Section 138 to 141 of Companies Act, 2013,the Board recommends foryour approval.

B. COSTAUDITORS

Pursuant to Section 148(2) of the Companies Act, 2013 read with the Companies (Cost Records and Audit)Amendment Rules, 2014, your Company is required to get its cost accounting records audited by a CostAuditor. Accordingly, the Board at its meeting held on 8th September, 2020, has on the recommendation of the Audit Committee, appointed M/s Pant S. & Associates (Firm registration no. 101402), Cost Accountants to conduct the Audit of the cost accounting records of the Company for the Financial Year 2021-22, the same is placed for your approval.

The Company is maintaining of cost records as specified by the Central Government under sub-section (1) of section 148 of the CompaniesAct, 2013.

C. SECRETARIALAUDITOR

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed M/s. Ajay Baroota & Associates, Company Secretaries to undertake the Secretarial Audit of the Company. The Report of the Secretarial Audit carried out is annexed herewith as Annexure "C". The report does not contain any observation or qualification requiring explanation or comments from the Board, under Section 134(3) of the CompaniesAct, 2013 except.

- A few observations from the Auditors Report as pointed out by Statutory Auditors are mentioned as under:

- In view of the losses in the immediately preceding financial year(s) & considering other parameters the Company does not meet any of threshold limits prescribed under the provisions of Section 135 of the Companies Act, 2013 during the year under review. However, the Company was having a carried forward amount of Rs. 17.75 lacs as unspent amount towards Corporate Social Responsibility for the earlier financial year(s). Out of the said unspent amount the Company has spent Rs. 3.55 lacs during the financial year & still Rs. 14.20 lacs is unspent amount towards Corporate Social Responsibility & required modalities yet to be completed for spending/transferring unspent amount under the provisions of the Act.

- Pursuant to Regulation(s) 30/33/47 Financial Results for the quarter ended 31stMarch ,2020 were considered/approved & submitted to the Stock Exchanges beyond the prescribed time /due date.

- There have been revision(s) in corporate guarantee(s) given by the Company for the limits availed by T.P. Buildtech Private Limited from bank(s) during the period under review, for which e form CHG-1 is/areyet to be filed by the company.

- Independent Directors data bank with concerned authorities is yet to be renewed/updated

- The following e forms were filed beyond the prescribed time & with additional fee

e-Form No.

Date of Event

Filed by

Filed on

Remarks

1. MR-1 under Section 203

04-11-2020

03-01-2021 (within 60 days)

04-01-2021

Filed with Additional fee

 

It is further reported that number of e forms like DIR- 12, MGT-14, MGT-15, MGT-7, DIR-H, DPT-3, MSME- Form 1, AOC-4 Xbrl, CHG-1 etc. were filed under Company Fresh Start Scheme-2020 & other relaxation schemes/circulars issued by the Ministry of Corporate Affairs (MCA).

The Board of Directors of the Company took note of the same

3. COMPANYS POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION AND OTHERDETAILS

The policy on Directors appointment and remuneration and other matters provided in Section 178(3) of the Companies Act, 2013 has been disclosed in the Corporate Governance Report, which forms a part of this report and is also available on the website of the Company www.tinna.in

4. RELATED PARTYTRANSACTIONS

Related Party Transactions that were entered into during the financial year were generally on arms length basis and in the ordinary course of business subject to certain exceptions. The policy on dealing with Related Party Transactions as approved by the Board is uploaded on the Companys website http://www.tinna.in. The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties. This Policy specifically deals with the review and approval of Related Party Transactions keeping in mind the potential or actual conflicts of interest that may arise because of entering into these transactions. Related Party Transactions are placed before the Audit Committee for review and approval. Prior omnibus approval is obtained for Related Party Transactions for transactions which are of repetitive nature and / or entered in the ordinary course of business and are atArms Length.

The disclosure of related party transactions required under Section 134 read with Section 188 of the Companies Act, 2013 is given in Form AOC 2. Accordingly related party transactions which were entered into during the year by your Company, is given inAnnexure "D" to this report.

5. ENVIRONMENTALINITIATIVES

Tinna has always been a frontrunner in continuously improving its operational performance in all areas including quality, safety and environment protection. These initiatives have been taken across all production facilities of the Company. The Company has undertaken various measures to address environmental issues at its plant locations.

6. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134 subsection 3(c) and sub-section 5 of the Companies Act,2 013, your Directors hereby state and confirm that:

1. In the preparation of the annual accounts, the applicable accounting standards have been followed and there was no material departure.

2. Such accounting policies have been selected & applied consistently and judgements and estimates have been made, that are reasonable and prudent to give a true and fair view of the Companys state of affairs as at March 31,2021 and of the Companys profit or loss for the year ended on that date.

3. Proper and sufficient care has been taken 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.

4. The annual financial statements have been prepared on a going concern basis.

5. That internal financial controls were laid down, to be followed and that such internal financial controls were adequate and were operating effectively.

6. Proper systems were devised to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating.

7. MATERIAL CHANGESAND COMMITMENTS

The Company had registered itself under the MSME Act as a medium enterprise. This will bring benefits like more flexibility with Banks with likely to benefit from increased supplies for Crumb/Reclaim Rubber apart from Banks GOI guarantee support and Preference in Government Supplies & Easier Collections from Customers. The Company had also focused on branding of its value added products and in order to promote these objectives had participated in various exhibition(s) and global event(s) that will further help the company to promote and registered its presence in overseas Market.

8. PARTICULARS OF EMPLOYEES

In terms of the provisions of Section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a statement showing the details of the employees drawing remuneration in excess of the limits set out in the said rules are provided in the Annexure "E" forming part of the Annual Report. Disclosures pertaining to the remuneration and the other details as required under

Section 197(12) of the Companies Act,2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are also provided in the Annexure "E" forming part of the Annual Report.

9. DISCLOSURES NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS

During the year, 11 Board Meetings were convened and held, the details of which are given in the corporate governance report. The intervening gap between the meetings was within the period prescribed under the Companies Act, 2013.

AUDIT COMMITTEE

The Audit Committee comprises of Three NonExecutive Directors, All are Independent Directors. Mr. Vivek Kohli is the Chairman of the Audit Committee. The members possess adequate knowledge of Accounts, Audit, Finance, etc. The Composition of the Audit Committee meets the requirements as per Section 177 of the CompaniesAct, 2013 and Regulation 18 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. There are no recommendations of the Audit Committee, which have not been accepted by the Board.

The details of other committees has been given in Corporate Governance Report.

EXTRACT OFANNUAL RETURN

In accordance with the provisions of Section 134(3)(a) of the Companies Act, 2013, the extract of the annual return in Form No. MGT - 9 is attached as Annexure "F" hereto and forms a part of this report. Further Annual Return will also be available on the website www.tinna.in.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has formulated and published a Whistle Blower Policy to provide Vigil Mechanism for employees including Directors of the Company to report genuine concern and the same is available on the website of the Company www.tinna.in.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

Details of Loans, guarantees and investments covered under the provisions of Section 186 of the Companies

Act, 2013 are given in the notes to the Financial Statements.

PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Information in accordance with the provisions of Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 regarding conservation of energy, technology absorption and foreign exchange earnings and outgo is given in the statement annexed (Annexure "G") hereto andforms apartofthis report.

CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Corporate Social Responsibility Committee of the Board has formulated and recommended a CSR Policy to the Board indicating the activities to be undertaken by the Company. The same has been approved by the Board.

The CSR Policy can be accessed on the website of the Company at www.tinna.in

As per the provisions of section 135 of the Companies Act, 2013, the company has to incur at least2% of the average net profits of the preceding three financial years towards Corporate Social Responsibility (CSR), during the year company had spent 3.55 lakhs as CSR expenditure.

In view of the losses in the immediately preceding financial year(s) & considering other parameters the Company does not meet any of threshold limits prescribed under the provisions of Section 135 of the Companies Act, 2013 during the year under review. However, the Company was having a carried forward amount of Rs. 17.75 lacs as unspent amount towards Corporate Social Responsibility for the earlier financial year(s). Out of the said unspent amount the Company has spent Rs. 3.55 lacs during the financial year & still Rs. 14.20 lacs is unspent amount towards Corporate Social Responsibility & the Company is working out modalities for spending/transferring unspent amount under the provisions of theAct

The Annual Report on CSR activities is enclosed as Annexure H.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (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 Workplace (Prevention, Prohibition and Redressal) Act, 2013. An 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. No complaints pertaining to sexual harassment were received during FinancialYear 2020-21.

DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION (6) OF SECTION 149 OF THE COMPANIESACT,2013

The Independent Directors have given declaration that they meet the criteria of independence as specified in sub-section (6) of Section 149of The Companies Act,2013.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company proactively keeps its Directors informed of the activities of the Company, its management and operations and provides an overall industry perspective as well as issues being faced by the industry. The policy on familiarization programmes is available on the Companys website www.tinna.in.

POLICY FOR DETERMINING MATERIAL SUBSIDIARIES AND POLICY ON DEALING WITH RELATED PARTYTRANSACTIONS

Policy for determining material subsidiaries of the Company and Policy on dealing with related party transactions are available on the website of the Company www.tinna.in.

OTHER DISCLOSURES/ REPORTING

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

1. Details relating to deposits covered under Chapter V of theAct.

2. Issue of equity shares with differential rights as to dividend, voting or otherwise.

3. Issue of shares (including sweat equity shares and ESOPs) to employees of the Company under any scheme.

4. Neither the Managing Director nor the Whole time Whole time Director of the Company receive any remuneration or commission from any of its subsidiaries.

5. No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Companys operations in future except stated elsewhere in the report.

6. No frauds have been detected/reported by any of the Auditors of the Company.

10. HUMAN RESOURCES AND INDUSTRIAL RELATIONS

The Company firmly believes that Human Resource is the key driver for the success of any organization. The Companys human resources policies are carefully structured to meet the aspirations of the employees as well as the organization. These policies are implanted through training and other developmental programs. These policies encourage continuous learnings and innovations. Your Company has a dedicated team of 642 employees as on 31stMarch, 2021 as compared to 696 employees as on 31st March, 2020. The Company continues to have cordial industrial relations.

11. APPRECIATION

Your Directors take this opportunity to express their appreciation for the cooperation and assistance received from the concerned departments of Central and State Governments, financial institutions, banks and shareholders, during the year under review. The Directors also wish to place on record their appreciation of the devoted and dedicated services rendered,by all employees of the Company

For and on behalf of the Board of Directors
Tinna Rubber and Infrastructure Limited
Mr .Promila Kumar

Mr. Bhupinder Kumar Sekhri

Director

Managing Director

DIN: 08321513

DIN: 00087088

Regd. Office Address:
Tinna House, No. 6,
Sultanpur, Mandi Road,
Mehrauli, New Delhi-110030
Place : New Delhi
Date: 19thAugust2021