Viceroy Hotels Ltd Directors Report

To the Members,

The Board of Directors take pleasure in presenting the Sixtieth Annual Report including inter-alia Directors Report, its annexures and audited financial statements (including Standalone and Consolidated Financial Statements along with respective Auditors Report thereon) for the year ended 31^st March, 2025. The consolidated performance of the Company and its subsidiaries has been referred to wherever required.

The performance during the period ended 31^st March, 2025 has been as under:

The Directors have decided not to recommend any dividend for the year 2024-25 keeping in mind the capital requirements and expansion plans of the Company.

The information on Companys affairs and related aspects is provided under Management Discussion and Analysis report, which has been prepared, inter-alia, in compliance with Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and forms part of this Report.

During the reporting period there was no change in the nature of Business.

There were no material changes and commitments affecting financial position of the Company between 31^st March, 2015, and the date of Boards Report (i.e. 08^th August, 2025).

There was no revision of the financial statements for the year under review.

Pursuant to SEBI Circular No. SEBI/HO/DDHS/ CIR/P/2018/144 dated November 26, 2018, read with SEBI Circular No. SEBI/ HO/DDHS/DDHS-RACPOD1/P/ CIR/2023/172 dated October 19, 2023, the Directors confirm that the Company is not defined as a "Large Corporate" as per the framework provided in the said Circular. Further, your Company has not raised any funds by issuance of debt securities.

There is no unpaid or unclaimed dividend with the company till date.

Pursuant to the provisions of Section 124 of the Act, Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF Rules") read with the relevant circulars and amendments thereto, the amount of dividend remaining unpaid or unclaimed for a period of seven years from the due date is required to be transferred to the Investor Education and Protection Fund ("IEPF"), constituted by the Central Government.

During the Year, no amount of dividend was unpaid or unclaimed for a period of seven years and therefore no amount is required to be transferred to Investor Education and Provident Fund under the Section 125(1) and Section 125(2) of the Act.

Ms. Pooja Reddy Konda Reddy retires by rotation and being eligible, offers herself for re-appointment. A resolution seeking shareholders approval for her reappointment along with other required details forms part of the Notice.

The Company has, inter alia, received the following declarations from all the Independent Directors as prescribed under sub- section (6) of Section 149 of the Companies Act, 2013 and under Regulation 16(1)(b) read with Regulation 25 of the SEBI (LODR), Regulations, 2015 confirming that: a. they meet the criteria of independence as prescribed under the provisions of the Act, read with Schedule IV and Rules issued thereunder, and the Listing Regulations. There has been no change in the circumstances affecting their status as Independent Directors of the Company; b. they have complied with the Code for Independent Directors prescribed under Schedule IV to the Act; and c. they have registered themselves with the Independent Directors Database maintained by the Indian Institute of Corporate Affairs and have qualified the online proficiency self-assessment test or are exempted from passing the test as required in terms of Section 150 of the Act read with Rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014. d. they had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board of Directors and Committee(s).

The Board of Directors of the Company has taken on record the declaration and confirmation submitted by the Independent Directors after undertaking due assessment of the veracity of the same.

The Board of Directors duly met Five (5) times on 30.05.2024, 15.07.2024, 24.09.2024, 14.11.2024 and 06.02.2025 in respect of which meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose.

Performance of the Board and Board Committees was evaluated on various parameters such as structure, composition, diversity, experience, corporate governance competencies, performance of specific duties and obligations, quality of decision-making and overall Board effectiveness. Performance of individual

Directors was evaluated on parameters such as meeting attendance, participation and contribution, engagementwithcolleaguesontheBoard,responsibility towards stakeholders and independent judgement. All the Directors were subjected to peer-evaluation.

All the Directors participated in the evaluation process. The results of evaluation were discussed in the Board meeting held on 06^th February 2025. The Board discussed the performance evaluation reports of the Board, Board Committees and the Individual Directors. The Board upon discussion noted the suggestions / inputs of the Directors. Recommendations arising from this entire process were deliberated upon by the Board to augment its effectiveness and optimize individual strengths of the Directors.

The detailed procedure followed for the performance evaluation of the Board, Committees and Individual Directors is enumerated in the Corporate Governance Report.

The Management Discussion and Analysis Report, pursuant to the SEBI (LODR) Regulations provides an overview of the affairs of the Company, its legal status and autonomy, business environment, mission & objectives, sectoral and segment-wise operational performance, strengths, opportunities, constraints, strategy and risks and concerns, as well as human resource and internal control systems is appended as Annexure -7 for information of the Members.

Disclosure pertaining to remuneration and other details as required under section 197 of the Companies Act, 2013 read with rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in Annexure -1 to this Report.

The Statement containing the particulars of employees as required under section 197(12) of the Companies Act, 2013 read with rule 5(2) and other applicable rules (if any) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in Annexure -2 to this report.

Under section 197(12) of the Companies Act, 2013, and Rule 5(1) (2) & (3) of the Companies (Appointment & Remuneration) Rules, 2014 read with Schedule V of the Companies Act, 2013 the ratio of remuneration of Mr. Ravinder Reddy Kondareddy, Managing Director of the Company to the median remuneration of the employee is not applicable since the Managing Director has not drawn any remuneration during the year under review.

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, 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) The Directors 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 and of the profit and loss of the company for that period; (c) 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 fraud and other irregularities; (d) The Directors had prepared the annual accounts on a going concern basis; and

(e) The Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

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

The Internal Financial Controls with reference to financial statements as designed and implemented by the Company are adequate. The Company maintains appropriate system of internal control, including monitoring procedures, to ensure that all assets are safeguarded against loss from unauthorized use or disposition. Company policies, guidelines and procedures provide for adequate checks and balances, and are meant to ensure that all transactions are authorized, recorded and reported correctly.

During the period under review, no material or serious observations have been noticed for inefficiency or inadequacy of such controls.

Further, details of internal financial control and its adequacy are included in the Management Discussion and Analysis Report which is appended as Annexure 7 and forms part of this Report.

No frauds have been reported by the auditors u/s 143(12).

The Chief Executive Officer and Chief Financial Officer Certification on the financial statements as Annexure 11 under Regulation 17 (8) of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015 for the year 2024-2025 is annexed in this Annual Report.

The company had 5 subsidiaries and the same were sold during the year in overall interest of the company and to concentrate on the core business post CIRP proceedings. As per the provisions of Section 129 of the Companies Act, 2013 read with Companies (Accounts) Rules, 2014, a separate statement containing the salient features of the financial statements of the Subsidiary companies is prepared in Form AOC- 1 and is attached as Annexure - 3 and forms part of this report.

Since the Company has not accepted any deposits under Chapter of the Companies Act, 2013 read with the Rule 8(v) of Companies (Accounts) Rules 2014, during the financial year under review.

Pursuant to the Ministry of Corporate Affairs (MCA) notification dated 22^nd January 2019 amending the Companies (Acceptance of Deposits) Rules, 2014, the Company is required to file with the Registrar of Companies (ROC) requisite returns in Form DPT-3 for outstanding receipt of money/loan by the Company, which is not considered as deposits.

The Company complied with this requirement within the prescribed timelines.

The Company has not given any loan, guarantees or made any investments attracting the provisions as prescribed in Section 186 of the Companies Act, 2013 except the ones mentioned below:

However, the said guarantee has been released by the Kotak Mahindra Bank vide its No Due Certificate dated 18.06.2025 .

All related party transactions that were entered into during the financial year were on arms length basis and were in the ordinary course of business. During the financial year 2024-25, there were no materially significant related party transactions made by the Company (other than the one mentioned below) with Promoters, Directors, Key Managerial Personnel or other designated persons which may have a potential conflict with the interest of the Company at large. The Company entered into a material related party transaction with the relative of Directors, i.e., Mrs. K. Sukanya Reddy, Mr. Bandaru Amarender Reddy, Mr. Bandaru Arvind Reddy and Mr. R. Gireswara Reddy to take land on lease to construct a new hotel, with prior approval of Audit Committee, Board and Shareholders and there is no potential conflict with the interest of the Company at large.

In line with the provisions of Section 177 of the Act read with the Companies (Meetings of the Board and its Powers) Rules, 2014, prior approval for the estimated value of transactions with the related parties for the financial year is obtained from the Audit Committee. The transactions with the related parties are routine and repetitive in nature.

The summary statement of transactions entered into with the related parties pursuant to the omnibus approval, if any so granted are reviewed and approved by the Audit Committee and the Board of Directors on a quarterly basis. The Form AOC-2 pursuant to Section 134(3) (h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 is annexed herewith as Annexure - 4 to this report.

The required information as per Sec.134 (3) (m) of the Companies Act, 2013 is provided hereunder:

The Stakeholders Relationship Committee of the Company is constituted in line with the provisions of Regulation 20 of SEBI (LODR) Regulations read with Section 178 of the Companies Act, 2013 and the composition of the Committee is included in the Corporate Governance report, which forms part of this report.

During the year, all recommendations of Audit Committee were approved by the Board of Directors.

The Board of Directors has formulated a Whistle Blower Policy which is in compliance with the provisions of Section 177(10) of the Companies Act, 2013 and Regulation 22 of the Listing Regulations. The Company promotes ethical behavior and has put in place a mechanism for reporting illegal or unethical behavior. The Company has a Vigil Mechanism and Whistle-Blower Policy under which the employees are free to report violations of applicable laws and regulations and the Code of Conduct. Employees may report their genuine concerns to the Chairman of the Audit Committee. During the year under review, no employee was denied access to the Audit Committee.

Vigil Mechanism Policy has been established by the Company for directors and employees to report genuine concerns pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013. The same has been placed on the website of the Company www. viceroyhotels.in

Following are the details of significant and material orders passed by the regulators / courts that would impact the going concern status of the Company and its future operations are as follows:

Subsequent to receiving the above stated letter, the Company filed a writ petition before the Honble High Court of Telangana and the Honble High Court passed an order restraining the respondent i.e., Southern Power Distribution Company of TS. Limited from taking any coercive step in pursuance to the impugned notice. The proceedings are on going and final verdict is awaited.

M/s. Deva & Co., Statutory Auditors of the Company have tendered their resignation from the position of Statutory Auditors w.e.f. 08.08.2025 causing casual vacancy.

The Board of Directors at their meeting held on 08.08.2025 have appointed M/s. M S K C & Associates LLP (formerly known as M S K C & Associates), Charted Accountants as the Statutory Auditors, subject to approval of members of the Company at the ensuing Annual General Meeting (AGM), to fill the casual vacancy. Further, the Board of Directors have recommended the appointment of M/s. M S K C & Associates LLP, Charted Accountants for a period of 5 (five) years. Necessary resolutions seeking their appointment are set out in item no. 4 and 5 of the Notice of AGM. The Auditors Report for fiscal 2025, as issued by M/s. Deva & Co., does not contain any qualification, reservation or adverse remark. The Auditors Report is enclosed with the financial statements in this Annual Report. The Company has received audit report with unmodified opinion for the Financial Year ended March 31, 2025 from the Statutory Auditors of the Company. The Auditors have confirmed that they have subjected themselves to the peer review process of Institute of Chartered Accountants of India (ICAI) and hold valid certificate issued by the Peer Review Board of the ICAI.

SEBIvideitsCircularNo.CIR/CFD/CMD1/27/2019dated February 08, 2019 read with Regulation 24(A) of the Listing Regulations, directed listed entities to conduct Annual Secretarial Compliance Audit from a Practicing Company Secretary of all applicable SEBI Regulations and circulars/guidelines issued thereunder. Further, Secretarial Compliance Report dated 16.05.2025, was issued by Mr. S. Sarweswara Reddy, Proprietor of M/s. S.S. Reddy & Associates, Practicing Company Secretaries which was submitted to Stock Exchanges within 60 days of the end of the financial year.

In terms of section 204 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, based upon the recommendations of the Audit Committee, the Board of Directors had appointed M/s. S.S. Reddy & Associates, Practicing Company Secretaries (CP No. 7478) as the Secretarial Auditor of the Company, for conducting the Secretarial Audit for financial year ended March 31, 2025.

The Secretarial Audit was carried out by M/s. S.S. Reddy

The Secretarial Auditor has observed that certain forms with the Registrar of Companies were filed with a delay to which board has confirmed that appropriate endeavors are made to file the forms within prescribed time. Further, M/s. Deva & Co., statutory auditors of the company for Financial Year 2024-25 were appointed in casual vacancy on 11-12-2023 for which shareholders approval was received on 23-05-2024 with a delay of approximately two months pursuant to Section 139 (8) of Companies Act, 2013. The company and management have confirmed that the reason was due to delay in filing of form ADT-3 by the resigning auditor which then impacted the compliances involved for appointment of M/s. Deva & Co. as statutory auditors and have further assured that necessary steps will be taken to avoid such non-compliances in future. There was a delay of one day in filing half yearly disclosure of Related Party Transactions for the half year ended 31.03.2025 under Reg. 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 with the Stock Exchanges (BSE and NSE) by payment of penalty of Rs.5,000/- levied by each of the stock exchange. The management confirmed that the penalty levied was paid to the exchanges and Management is making continuous efforts to improve the internal systems and processes to avoid such delays in future. Detailed Secretarial Auditors Report is attached as Annexure – 6 to this report.

Pursuant to provisions of Section 138 read with Rule 13 of the Companies (Accounts) Rules, 2014 and Section 179 read with Rule 8(4) of the Companies (Meetings of Board and its Powers) Rules, 2014; during the year under review the Internal Audit of the functions and activities of the Company was undertaken on quarterly basis by M/s. Murthy & Kanth, Chartered Accountants., the Internal Auditors of the Company.

Deviations are reviewed periodically and due compliance is ensured. Summary of Significant Audit Observations along with recommendations and its implementations are reviewed by the Audit Committee and concerns, if any, are reported to Board. There were no adverse remarks or qualification on accounts of the Company from the Internal Auditor.

The Board has re-appointed by M/s. Murthy & Kanth, Chartered Accountants, Hyderabad as Internal Auditors for the Financial Year 2024-25.

The Company is in compliance with the applicable secretarial standards.

The Company has issued a certificate to its Directors, confirming that it has not made any default under Section 164(2) of the Companies Act, 2013, as on March 31, 2025.

None of the Directors of the Company are disqualified from being appointed as Directors as specified under Section 164(1) and 164(2) of the Act read with Rule 14(1) of the Companies (Appointment and Qualifications of Directors) Rules, 2014 (including any statutory modification(s) and/or re-enactment(s) thereof for the time being in force) or are debarred or disqualified by the Securities and Exchange Board of India ("SEBI"), Ministry of Corporate Affairs ("MCA") or any other such statutory authority.

All members of the Board and Senior Management have affirmed compliance with the Code of Conduct for Board and Senior Management for the financial year 2024-25. The Company had sought the following certificates from independent and reputed Practicing Company Secretaries confirming that: a. none of the Director on the Board of the Company has been debarred or disqualified from being appointed and/or continuing as Directors by the SEBI/MCA or any other such statutory authority. b. independence of the Directors of the Company in terms of the provisions of the Act, read with Schedule IV and Rules issued thereunder and the Listing Regulations.

Further, Independent Directors appointed, if any are persons of integrity and possesses relevant expertise and experience.

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, the annual return for Financial Year 2024-25 is uploaded on website of the Company www.viceroyhotels.in.

Maintenance of cost records and requirement of cost audit as prescribed under the provisions of Section 148(1) of the Act, are not applicable for the business activities carried out by the Company.

The Company familiarises its Independent Directors on their appointment as such on the Board with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, etc. through familiarisation programme. The Company also conducts orientation programme upon induction of new Directors, as well as other initiatives to update the Directors on a continuing basis. The familiarization programme for Independent Directors is disclosed on the Companys website www. viceroyhotels.in

The company has adequate insurance coverage against its assets covering all perils and employees group Mediclaim insurance.

The Company has implemented all of its major stipulations as applicable to the Company. As stipulated under Regulation 34 read with schedule V of SEBI (LODR) Regulations, 2015, a report on Corporate Governance is appended as Annexure - 8 for information of the Members. A requisite certificate from the Secretarial Auditors of the Company confirming compliance with the conditions of Corporate Governance is attached to the Report on Corporate Governance.

None of the Independent / Non-Executive Directors has any pecuniary relationship or transactions with the Company which in the Judgment of the Board may affect the independence of the Directors.

No compensation was paid to the Independent and Non- Executive Directors except for the sitting fee that they are entitled to.

The assessment and appointment of Members to the Board is based on a combination of criterion that includes ethics, personal and professional stature, domain expertise, gender diversity and specific qualification required for the position. The potential of Board Member is also assessed on the basis of independence criteria defined in Section 149(6) of the Companies Act, 2013 and Regulation 27 of SEBI (LODR) Regulations, 2015. In accordance with Section 178(3) of the Companies Act, 2013 and Regulation 19(4) of SEBI (LODR) Regulations, 2015, on the recommendations of the Nomination and Remuneration Committee, the Board adopted a remuneration policy for Directors, Key Management Personnel (KMPs) and Senior Management. The Policy is attached a part of Corporate Governance Report. We affirm that the remuneration paid, if any to the Directors will be as per the terms laid down in the Nomination and Remuneration Policy of the Company.

During the year under review, there has been no one-time settlement of loans taken from banks and financial Institutions.

Since the Company, as on date of this report does not have any Debt Instruments or Fixed Deposit Programme, therefore company has not obtained any Credit Ratings during the Financial Year.

The Company has entered into an MoU with Mrs. K. Sukanya Reddy, Mr. B. Amarender Reddy, Mr. B Arvind Reddy and Mr. R. Gireswara Reddy, relatives of Directors of the Company for the purpose of purchase of Land for construction of new hotel and expansion of the business. Further, the Company has entered into an Operating Agreement with Marriott Hotels India Private Limited ("MHIPL") on 08-May-2025 to operate Companys hotel property situated at Madhapur Hyderabad, Telangana admeasuring approximately 7000 square yards, in partnership with MHIPL. There are no major agreements / MoUs entered by the company except for the one mentioned above.

The Company has not entered into any agreements which, either directly or indirectly or potentially or whose purpose and effect is to, impact the management or control of the listed entity or impose any restriction or create any liability upon the listed entity.

The Board of Directors has adopted the Insider Trading Policy in accordance with the requirements of the SEBI (Prohibition of Insider Trading) Regulation, 2015 and the applicable Securities laws. 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 the consequences of violation. The policy has been formulated to regulate, monitor and ensure reporting of deals by employees and to maintain the highest ethical standards of dealing in Company securities.

The Insider Trading Policy of the Company covering code of practices and procedures for fair disclosure of unpublished price sensitive information and code of conduct for the prevention of insider trading is available on our website (www.viceroyhotels.in).

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. Internal Committee (IC) has been duly constituted as mentioned below:

All employees are covered under this policy. During the financial year 2024-25, there were no complaints received by the Committee.

The Company is not a NBFC, Housing Company etc., and hence Industry based disclosures is not required.

During the year under review, no corporate actions were done by the Company which were failed to be implemented.

During the year under review, there were no applications made or proceedings pending in the name of the Company under Insolvency and Bankruptcy Code, 2016.

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandated the formulation of certain policies for all listed companies. All the policies are available on our website www. viceroyhotels.in.

During the year under review, the Company has not taken up any of the following activities except as mentioned:

Note: The Company initiated issue of equity shares on private placement through preferential basis to non-promoters but the same was withdrawn since the Company was in violation of Reg 160(d) of SEBI (ICDR) Regulations, 2018 (i.e., not having minimum public shareholding), and also the proposed Special resolution was defeated / rejected by the shareholders at the adjourned Extra-Ordinary General Meeting held on 06.07.2024.

The Company has adequate internal controls consistent with the nature of business and size of the operations, to effectively provide for safety of its assets, reliability of financial transactions with adequate checks and balances, adherence to applicable statues, accounting policies, approval procedures and to ensure optimum use of available resources. These systems are reviewed and improved on a regular basis. It has a comprehensive budgetary control system to monitor revenue and expenditure against approved budget on an ongoing basis.

The Company had 5 subsidiaries which were disposed during the financial year 2024-25 and hence, the Company does not have any subsidiary at the end of financial year under review. Also, it does not have any associate / Joint venture company and is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as the ‘Listing Regulations) and Section 129 of the Companies Act, 2013. The Consolidated Financial Statements have been prepared by the Company in accordance with the applicable provisions of the Companies Act, 2013 and the applicable Indian Accounting Standards (Ind AS) and forms part of this Annual Report.

Note: The company disposed of all five subsidiaries on 02^nd July, 2024 which marks the date of loss of control. However, according to Ind AS 110 consolidation of an investee begins when the investor gains control and ends when control is lost. This principle is crucial for ensuring that the financial statements accurately reflect the economic realities of the parent-subsidiary relationship. Further, the Institute of Chartered Accountants of India (ICAI) states that a parent must continue to consolidate its subsidiary until the date it loses control, even if this results in no subsidiaries being held at the end of the reporting period. Hence, the company has presented its financial statements in standalone and consolidated forms though there is no change in the numbers.

There have been no companies which have become the subsidiaries, joint ventures and associates during the year under review.

However, Company had 5 wholly owned subsidiaries which were sold on 02.07.2024 and ceased to be its wholly owned subsidiaries pursuant to shareholders approval dated 24.05.2024.

Your Company follows a comprehensive system of Risk Management. Your Company has adopted a procedure for assessment and minimization of probable risks. It ensures that all the risks are timely defined and mitigated in accordance with the well-structured risk management process.

Your Company always believes in keeping the environment pollution free and is fully committed to its social responsibility. The Company has been taking utmost care in complying with all pollution control measures from time to time strictly as per the directions of the Government.

We would like to place on record our appreciation for the efforts made by the management and the keen interest shown by the Employees of your Company in this regard.

The Company has complied with the required provisions relating to statutory compliance with regard to the affairs of the Company in all respects.

During the year under review, company raised funds through Rights Issue and there are no deviations observed on funds raised through Rights Issue. A Statement of deviation(s) or variation(s) is available on the website of the company at www.viceroyhotels.in.

Your Directors place on record their appreciation for the overwhelming co-operation and assistance received from the investors, customers, business associates, bankers, vendors, as well as regulatory and governmental authorities. Your Directors also thanks the employees at all levels, who through their dedication, co-operation, support and smart work have enabled the company to achieve a moderate growth and is determined to poise a rapid and remarkable growth in the year to come.

Your Directors also wish to place on record their appreciation of business constituents, banks and other financial institutions and shareholders of the Company, SEBI, BSE, NSE, NSDL, CDSL, Banks, RBI etc. for their continued support for the growth of the Company.