Corporate Social Responsibility

As the Company does not fall under any of the threshold limits given under the provisions of Section 135 of the Companies Act, 2013, the compliances under CSR are not applicable to the Company for financial year 2022-2023.

During the year under review, Company has met one of the prescribed threshold limits given under the provisions of Section 135 of the Companies Act, 2013, for implementation of compliances under provision of the Section 135 of the Companies Act, 2013 for the financial year 2023-2024.

Auditors & Reports

Statutory Auditors of the Company

Pursuant to provisions of Section 139 of Companies Act, 2013 and rules framed there under M/s Rajesh Jalan & Associates, Chartered Accountants (Firm Registration No. 326370E), have been appointed as Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s B. Vishwanath & Co., Chartered Accountants, Bhilai, Chhattisgarh (FRN: 007875C)in Extra Ordinary General Meeting held on 28.06.2023 to conduct the audit for the

financial year 2022-2023.

Board of Directors has recommended the re-appointment of M/s Rajesh Jalan & Associates (Firm Registration No. 326370E), Chartered Accountants from whom certificate pursuant to section 141 of the Companies Act, 2013 has been received, as statutory auditor of the company to hold office from the conclusion of this ensuing Annual General meeting till conclusion of the annual general meeting of the company to be held for the financial year 2027-2028 at a remuneration to be mutually agreed between the board of directors and the said auditors.

Secretarial Auditors of the Company

As per Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 inter-alia requires a class of Compamas to provide Secretarial Report. Your Company does not fall in the class of Companies and thus the provisions of Sec 204 are not applicable.

Cost Auditors of the Company

In terms of Section 148 of the Companies Act, 2013 the Company is not required to appoint Cost Auditor of the Company.

Internal control system

Adequate internal control system has been established and is maintained in various areas. The existing set up of the internal control system is commensurate with the size of the Company s operations and nature of its business. Your Company has emphasized upon the importance o effective internal control and has increased the focus.

The adequacy of the same has been reported by the Statutory Auditors of your Company in their report as required under the Companies (Auditor's Report) Order, 2003.

Explanation or comments on qualifications, reservations or adverse remarks or disclaimers made by the Auditors

The Audit Report along with note as specified by the Auditors in their Audit Reports are self-explanatory.

Reporting of frauds bv Statutory Auditors under Section 143 (12)

During the year under review there were no frauds reported by the Statutory Auditors of the Company under Section 143(12).

Information under the Sexual Harrassment of women at workplace (prevention, prohibition and redressal) act, 2013

The Company has zero tolerance for sexual harassment at workplace and has adopted a policy against sexual harassment in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed thereunder.

During the Financial Year the Company has not received any complaints on sexual harassment and hence no complaints remain pending as of 31st March, 2023 Further, the Company has complied with provisions relating to constitution of Internal Complain Committee under Sexua Harassment of woman at workplace (prevention, prohibition and Redressal) Act, 2013

Appointment Of Practicing Company Secretary

The Company is required to certify its Annual Return by a Practicing Company Secretary as per Section 92 of The Companies Act, 2013 read with Rule 11 of The Companies (Management and Administration) Rules, 2014 therefore the company has appointed Mr. Satish Sharma Practicing Company Secretary (Membership No. 10509, CP No. 23546) to undertake the Certification of Annual Return as prescribed under The Companies Act, 2013.

Internal Auditor

The Company has to appoint Internal Auditor as it fall under the prescribed threshold limits as per the provision of Section 138 of Companies Act 2013 and rules made thereunder.

nptaik nf difference between valuation amount on one time settlement and valuation white availing loan from banks and financial institutions

During the year under review, there has been No One Time Settlement of Loans from Banks and Financial Institutions.

The details of application made or any proceeding pending under the insolvency and bankruptcy code, 2016 during the year alone with their status as at the end of the financial year

During the Financial Year 2022-23, there was No Application made and proceeding Initiated /Pending under the Insolvency and Bankruptcy Code, 2016, by any Financial and/or Operational Creditors against your Company.

As on the date of this report, there is no application or proceeding pending against your company under the Insolvency and Bankruptcy Code, 2016.

Company Relations

The Company has maintained good Industrial relations on all fronts. Your Directors wish to place on record their appreciation for the honest and efficient services rendered by the Employees of the Company.

Acknowledgements

Your directors wish to place on record their sincere appreciation to the devoted service rendered by employees of the company. Your directors also acknowledge with gratitude the cooperation and assistance extended by bankers and all persons who are directly and indirectly contributing to the success of the company.

Your Directors also acknowledge the trust and confidence members have reposed in the company.