Your Directors present their 58’’ Annual Report on the business and operations of the Company and the accounts for the Financial Yearended 31" March, 2024,
STATE OF COMPANY'S AFFAIRS:
Your Company Is In the business of sales and service of Electronic Household Accessories It has a worldwide network single sales office, a warehouse and a workforce of over 50 people that sell a single product to about 1,00.000 customers in India and Abroad
Various Initiatives were taken to expand the market for Company's products to new geographies, and tor maximisation of efficiencies particularly in the area of cost reduction and working capital management
The business contingency plans focussed on digitalization of sales process, innovative marketing strategies and careful optimisation of supplies to various channels as and when each channel became operational
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FINANCIAL PERFORMANCE:
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(Rs. in Lacs)
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Particulars
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Standalone
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March 2024
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March 2023
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Income From Operations
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22.52.36,147
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39.14,60 480
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Other Income
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1,79.211
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2,46.468
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Total Income
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22.54,15,358
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39,17,06.948
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Profit/(Loss) Before Tax
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(11,34,73,401)
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1,73,50,382
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Less:- Provision For Taxation
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0
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31,74 106
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Net Profit/(Loss) After Tax
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(11,34.73.401)
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1,41,76.276
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The Company Incurred Loss of Rs. 113473401/ as compared to F*rofit before tax of Rs. 1.41.76,276/ in the previous year
PERFORMANCE AT A GLANCE
DIVIDEND AND BOOK CLOSURE :
The Board of Directors does not recommend dividend on equity shares for the current financial year
The register of members and share transfer books will remain dose trom 23"’ September. 2024 to 29" September. 2024 (both days indusive) for the 58' Annual General Meeting of the Company scheduled to be convened on 30" September, 2024 at 17. Cama Industnal Estate. Walbhatt Road. Goregaon (East). Mumbai-400063.
FINANCIAL SITUATION; Reserves & Surplus
As at 31 March, 2024 Reserves and Surplus amounted to loss Rs 1.95 70,405/- as compared to Rs 9,39 02.992 of previous year The said scenario Is due to increase in profitability of the Company dunng the year under review.
LONGTERM BORROWINGS
The Company has tried to pay its Liability as much as possible, however the Long Term Borrowings of the Company has Rs. 2,34,76,203/- during the year as compared to Long Term Loan Borrowings of Rs, 85,78.645/- during the previous year
SHORTTERM BORROWINGS
The Company has also paid maximum of its liability under short Term Liability and the Short Term Liability has increased uplo Rs 3,18.91,305/- In the current financial year as compared to Rs. 4.48,07,854 during the previous year.
The Fixed Assets of the Company as on 31" March, 2024 is Rs 1.39,67.606/- as compared to Rs 81,07.677 during the previous year under review,
INVESTMENTS
The Company has not made any addition in investment dunng the year under review
SHARE CAPITAL:
Dunng (he year under review there was no change In the authorised share capital of the capital The authorized capital of Ihe company for the year ended 31" March. 2024 is 6.10,00.000 compnsing of 61,00.000 shares.The paid up share capital of your Company is Rupees /- (Rupees Six Crore Nine Lakh Ninety Eight Thousand Four Hundred Only) divided into 60,99.840 equity shares of Rupees 10/- each. There is no change in the paid up share capital structure during the penod under review
FINANCIAL LIQUIDITY
Cash and Cash equivalent as on March 31, 2024 stood at 17,417,662/- vis-d-vis 27.172,520/- in the previous year The Company's working capital management Is robust and Involves a well-organize process, which facilitates continuous monitoring and control over receivables, inventories and other parameters.
PUBLIC DEPOSITS
No public deposits have been accepted or renewed by your Company during the financial year under review pursuant to the provisions of Section 73 and 74 of the Act read together with the Companies (Acceptance of Deposits) Rules, 2014. Hence, the requirement for furnishing of details relating to deposits covered under Chapter V of the Act or the details of deposits which are not In compliance with Ihe Chapter V of the Act is not applicable
MEETINGS BOARD OF DIRECTORS:
The Board normally meets once in a quarter and additional meetings are held as and when required. Dunng the year, the Board of Directors met 4 times i.e on 30" May, 2023. 14" August, 2023, 13" November. 2023, 14" February. 2024. The date of Board Meetings were generally decided in advance with adequate notice to all Board Members
INTERNAL CONTROL SYSTEMS
Your Company has In place, an adequate system of internal controls commensurate with Its size, requirements and the nature of operations These systems are designed keeping In
view the nature of activities earned out at each location and the various business operations. The Company has documented a robust and comprehensive Internal control system for all the major processes to ensure reliability of financial reporting timely feedback on achievement of operational and strategic goats, compliance with policies, procedures laws and regulations, safeguarding of assets and economical and efficient use of resources.
The Internal Auditors monitors and evaluates the efficacy and adequacy of internal controls system in the Company its compliance with operating systems, accounting procedures and policies at all locations of the Company Based on the report of internal audit process owners undertake corrective action In their respective areas and thereby strengthen the controls During the year, the Audit Committee met regularly to review the reports submitted by the Internal Auditors. All audit observations and follow-up actions thereon were reported to the Audit Committee. The Audit Committee has also taken the views of Company's Statutory Auditors on the financial reporting system, compliance to accounting policies and procedures, the adequacy and effectiveness of the internal controls and systems followed by the Company. Your Company also has a Risk Management Framework in place covenng all critical areas of operation This framework is reviewed periodically keeping in mind the business dynamics and external environment and provides the guidelines for managing the vanous risks across the business
APPOINTMENT / RESIGNATION OF DIRECTORS (SECTION 16811}) AND KEY MANAGERIAL PERSONNEL (KMP):
Mrs Veena J Agarwal continued to be as Managing Director of the Company. Mr. ShirishGotecha, Mr Ravindra Ashok Mishra, Mr.Chandrakant Baida. Mr Rakesh Jam, Mr Atm Agarwal. Mr Jainarain Agarwal. Mr. Sanjaykumar Dave continued to be on the Board of the Company The Board of the Company continues to comprise of 8 (Eight) Directors including 4 (four) Non-Executive & Independent Directors, 3 (three) Executive Directors and (One) Non-Executive Director
“ Mr Ravindra Mishra (DIN; 06904573) and Mr Shlrlsh Dwarkadas Gotecha (DIN 02877874), Independent Directors of the company tendered their resignation from the post of the Independent Director of the company due to the completion of their tenure with effect from 7" August 2023 and 14" August, 2024 respectively
STATEMENT OF DECLARATION GIVEN 8Y INDEPENDENT DIRECTORS UNDER SUBSECTION (6) QF SECTION 149;
The Independent Directors of your company, i.e, Mr Chandrakant Balde, Mr Sanjaykumar Dave and Mr. Ravindra A Mishra, have submitted their declaration of Independence, as required under Section 149(7) of the Companies Act. 2013 stating that they meet the criteria of independence as provided in Section 149(6) and Regulation 25 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
POLICY ON DIRECTOR’ S APPOINTMENT AND REMUNERATION PURSUANT TO SECTION 178(3) OF THE COMPANIES ACT. 2013:
The Board of Directors of your Company in consultation with Nomination and Remuneration Commttlee had formulated and
adopted Code for Independent Directors and which contains policy on director's appointment and remuneration including criteria for determining qualification, positive attributes and Independence of directors.
Board of Directors of the Company duly consider appointment of the Directors in adherence with the policy prescribed under the code of independent directors and provisions of section 178( 3) of the Companies Act. 2013.
AUDIT COMMITTEE:
The Company has an Independent Audit Committee comprising of 3 (3) Independent Directors and 1 (one) Executive Director Mr Sanjaykumar Dave is the chairperson of the Committee and Mr Ravindra A Mishra (Non Executive (Independent & Director). Mr, Shmsh Gotecha (Non Executive & independent Director) and Mrs Veena Agarwal, Managing Director of the Company are Members of the Committee. All the members of the Audit Committee are financially ilterate. In view of their professional qualification and experience in finance, all are considered to have financial management and accounting related expertise. Terms of reference of the Audit committee are elaborated in the Corporate Governance report which forms the part of this Annual Report The Committee met four (4) times during the financial year 2023-2024 and all the members of the committee attended the meeting
'The committee was reconstituted in the year 2023-2024 and Mr Sanjay Kumar Dave (DIN: 10304516) was made the Chairman of the Audit Committee and the other members of the Committee are Veena Agarwal Ravindra Mishra & Shinsh Gotecha.
NOMINATION AND REMUNERATION COMMITTEE:
Nomination and Remuneration Committee (hereinafter referred to "NRC") has been adequately constituted in accordance with the provisions of Companies Act, 2013 read with rules made thereunder and Listing Regulations.
The Committee comprises of all non-executive and independent directors Mr Shliish Gotecha is the chairperson of the Committee and Mr. Chandrakant Batde and Mr Ravindra Mishra and Mr. Sanjaykumar Dave are the members o( the committee. The Committee met four (4) times during the financial year 2023-2024 and all the members of the committee attended the meeting.
“The Committee was reconstituted in the year 2023-2024 and Mr Sanjay Kumar Dave was made the member of the Normination and Remuneration Committee.
Now the Comiittee comprises of Shlrsh Gotecha (Chairman), Ravindra Mishra (Member), Chandrakant Balde (Member) and Sanjaykumar Dave (Member)
STAKEHOLDERS RELATIONSHIP COMMITTEE:
The Board of Directors of the Company has constituted a Stakeholders Relationship Committee In accordance with the provisions of Companies Act, 2013 read with rules made thereunder and Listing Regulations The Stakeholders Relationship Committee compnses of 4 Directors out of which all are Non-Executive & Independent Directors viz Mr Shirish Gotecha. Mr. Ravindra and Mr Chandrakant Balde. Mr Sanjaykumar Dave.
The Company Secretary acts as the Secretary to the Committee. The Company Secretary is also designated as Compliance officer of the Company in terms of provisions of SEBi Listing and PIT Regulations The Committee met once during the financial year 2023-2024 and all the members of the committee attended the meeting
Share Transfer Comm ittee ("STC”)
As on March 31.2024 the STC composes of Four (4) members out of which Three (3) Members are Independent Directors.
The Committee was chaired by Mr. Sanjaykumar Dave (NonExecutive & Independent Director) The other Members of the Committee were Mrs Veena Agarwal (Managing Director). Mr Ravmdra Mishra (Non Executive & Independent Director), Mr Shirish Gotecha (Non Executive & independent Director) (Independent Director) and Mr T. R. Snnivasan (Independent Director),
EVALUATION OF PERFORMANCE OF BOARD.:
During the year, a separate Meeting of Independent Directors of the Company was held on 14’ February, 2024. which was attended by all the Independent Directors to discuss and review the self-assessment of Directors, Board and Committees thereof and also assess the quality, content and timeliness of flow of information between the Management and the Board
DIRECTORS RESPQNSIBILITYSTATEMENT
Your Directors would like to assure the Members that the Financial Statements for the year under review confirm in their entirety to the requirements of the Act and guidelines Issued by SEBI Pursuant to the provisions of Section 134(3)(c)ol the Act to the best of their knowledge and based on the information and explanations received from the Company, your Directors confirm that
(a) In the preparation of the annual accounts for the financial year ended 31st March, 2024. the applicable accounting standards had been followed along with proper explanation relating to material departures if any:
(b) The accounting policies selected and applied 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 as at March 31. 2024 and of the profit and loss of the Company for that year.
(c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the 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, in the case of a listed company, had laid down internal financial controls to be followed by the company and that such Interna! 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
INSID.ERTRADING
In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended your Company has Instituted a comprehensive Code titled as "Policy on Determination of Legitimate Purpose for Sharing UPSI" which lays down guidelines and advises the Directors and Employees of the Company on procedures to be followed and disclosures to be made while dealing in securities of the Company.
CORPORATE GOVERNANCE:
The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by SEBI The Company has implemented several best Corporate Governance Practices as prevelant globally
Since the company falls under the exemption under Regulation 15(2) Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulalions, 2015 Regulation 17 to 27 and clauses (b) to (i) and and (t)] of subregulation (2) of regulation46 and para C, D and E of Schedule V shall not apply and thus the company do not require to follow the Corporate Governance Requirements for the penod under the review
LOANS MADE. GUARANTEES GIVEN OR INVESTMENTS IN SECURITIES BY THE COMPANY:
Particulars of loans guarantees and investments made by the Company as required under Section 186(4) of the Companies Act, 2013 are given In Note annexed to the Standalone Financial Statements.
PARTICULARS OF CONTRACT OR ARRANGEMENTS WITH RELATED PARTIES IN A PRESCRIBED FORM ALONGWITH THE JUSTIFICATION FOR ENTERING INTO SUCH CONTRACT OR ARRANGEMENT:
All contracts/arrangementsrtransactions entered by the Company during the financial year with related parties were on arm's length basis, in the ordinary course of business and in compliance with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations During FY 2023-24 there were no materially significant related party transactions by the Company with the Promoters, Directors, Key Managerial Personnel and other designated persons which may have a potential conflict with the Interest of the Company. All related party transactions, specifying the nature, value and terms of the transactions induding the arms-length justification, are placed before the Audit Committee for its approval and statement of all related party transactions carried out ware placed before the Audit Committee for its review on quarterly basis. During the year under review there have been no materially significant transactions prescribed under Section 188(1) with related parties as defined under Section 2(76) of the Companies Act. 2013 (Act). Further, there are no material related party transactions during the year under review with the Promoters, Directors or Key Managerial Personnel, which may have a potential conflict with the interest of the Company at large
TRANSFER TO INVESTOR EDUCATION AND PROTECTION FUND
During the year under review, there was no transfer of funds to Investor Education and Protection Fund since such transfer was not applicable for the F Y 2023-24
C O N S E RVA1 IONOEENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS ANDOUTGO
Energy conservation dictates how efficiently a company can conduct its operations Jaipan Industries Limited has recognized the importance of energy conservation in decreasing the deleterious effects of global warming and climate change The Company has undertaken vanous energy efficient practices that have reduced the growth in carbon dioxide (C02) emissions and strengthened the Company's commitment towards becoming an environment friendly organisation A dedicated 'Energy Cell’ is focusing on energy management and closely monitor energy consumption pattern across all manufacturing sites Periodic energy audits are conducted to improve energy performance and benchmark with other international refineries and petrochemicals sites Jaipan Industnes Limited Focuses on (I) new products, processes and catalyst development to support existing business through technologies for new businesses (it) advanced troubleshooting, and (iii) support to capital projects, and profit and reliability improvements In manufactunng plants.
Jaipan Industries Limited has Domestic Clients as well as Foreign clients
LISTING WITH STOCK EXCHANGES
The equity shares of your Company are listed on BSE Limited ("BSE").Details of the Company in the Stock Exchanges are as follows
BSE Symbol JAIPAN BSE Scrip Codo 505840 ISIN INE058DQ1030
Your Company has paid Ihe Annual Listing Fees for the F Y
2022- 23 and F.Y 2023-24 to both the NSE and BSE, with whom the equity shares of the Company are listed
MATERIAL CHANGES AND COMMITMENTS:
It Is hereby reported that a fire incident occurred at the Vasai Palghar Plant on 9* April, 2024, resulting in one fatality Details concerning the associated losses and other financial implications ansing from this incident are disclosed in the Notes to Financial Statements appended to this Report
Except for the aforementioned disclosure and as Indicated elsewhere In this Report, there have been no material changes or commitments affecting the financial position of the Company that have occurred between the end of the financial year and the date of this Report,
EXTRACTOFANNUAL RETURN;
In accordance with the provisions of Section 92 of the Companies Act, 2013, an extract of the Annual Return for the F Y
2023- 24 in the format as prescribed is enclosed as Annexuro-ll
COMPLIANCE WITH SECRETARIAL STANDARDS ("S§-1 andSS-r)
The Company complies with all applicable secretarial standards issued by the Institute of Company Secretaries of India (ICSI)i.e SS-1 and SS-2 relating to 'Meetings of the Board of Directors' and 'General Meetings’ respectively.
CORPORATE SOCIAI RESPONSIBILITY:
The provisions of Section 135 of the Companies Act. 2013 are not applicable to the Company as it Is suffering losses since last three consecutive years: hence disclosure in this regard is not provided.
VIGIL MECHANISM FQR DIRECTORS AND EMPLOYEES -
SECTION 177(10};
The Board of directors of the Company believes in conducting all its affairs in a fair and transparent manner, by adopting highest standards of professionalism, honesty, integrity and ethical behaviour, The directors are committed to comply with the laws and regulations to which it is subject. For this, it has put In place systems, policies and procedures to interpret and apply these laws and regulations in the organizational environment. In consonance with the object of transparency and good governance, the board of directors of the company formulated and adopted "Whistle Blower Policy and Vigil Mechanism"
The organization's internal controls and operating procedures are intended to detect and prevent improper activities. In this regard, the Company believes In developing a culture where It Is safe for all the Directors/Employees to raise concerns about any poor or unacceptable practice and any event of misconduct. These help to strengthen and promote ethical practices and ethical treatment of all those who work in and with the organization.
The main objective of this Policy is to provide a platform to Directors and Employees to raise concerns regarding any irregularity, misconduct or unethical matters / dealings within the group which have a negative bearing on the organization either financially or otherwise
RATIO OF THE REMUNERATION OF EACH DIRECTOR TO THE MEDIAN EMPLOYEES REMUNERATION (SECTION 197(12):
Details pertaining to remuneration 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 provided in 'Annexure-lll’ to the Board's Report.
MANAGERIAL REMUNERATION AND RELATED DISCLOSURES:
Disclosures pertaining to remuneration to directors and other details as required under Section 197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in the Annual Report
Pertaining to the provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules. 2014. the board of directors do hereby declare that:
The Directors and employees of the company were paid remuneration as per the Remuneration Policy of the Company
H.QLDMQ_CQMPANY;
The Company has no Holding companre and hence company does not need to make disclosure of contracts or arrangements or transactions not at arm's length basis
SUBSIDIARIES COMPANIES:
The Company has no subsidiary companies and hence company does not need to make disclosure of contracts or arrangements or transactions not at arm's length basis.
DEPOSITS:
The Company has not accepted or renewed any amount tailing within the purview of provisions of Section 73 of the Companies Act 2013 read with the Companies (Acceptance of Deposit) Rules. 2014 during the year under review Hence, the requirement for furnishing of details relating to deposits covered under Chapter V of the Companies Act or the details of deposits which are not In compliance with Chapter V of the Companies Act is not applicable.
MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT:
Management’s Discussion and Analysis Report for the year under review, as stipulated under Regulation 34 (3) and 53 (f) of the Securities and Exchange Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 with the Stock Exchanges in India, is presented in a separate section forming part of the Annual Report.
SECRETARIAL AUDIT;
Pursuant to Section 204 of the Companies Act, 2013 and rules, amendments made there under. Mr. Shravan Gupta, Practicing Company Secretary bearing PCS no. 27484 was appointed to conduct the secretarial audit ol our company for FY 2023-24 The Secretarial Audit report is given separately under Annexure IV. There are no qualifications or observations or other remarks made by the Secretanal Auditor on the audit conducted by him in his Report
STATUTORY AUDITOR:
The Board of Directors at their meeting held on May 30,2023 on Ihe recommendation of the Audit Committee approved the remuneration of M/s SDA & Associates at Rs 1.00,000 (Rupees One Lakhs only) for F Y 2024-25
The Auditors' Report for the F.Y 2023-24 does not contain any reservation, qualification or adverse remark, on the financial statements of the Company. Auditors' Report is sett explanatory and therefore, does not require further comments and explanation
Further, in terms of Section 143 of Ihe Act read with the Companies (Audit and Auditors) Rules. 2014, as amended, notifications!1 circulars issued by the Ministry of Corporate Affairs from time to time, no fraud has been reported by the Auditors of the Company where they have reason to believe that an offence Involving fraud is being or has been committed against the Company by officers or employees of the Company and therefore no details are required to be disclosed under Section 134(3)(ca)oftheAct.
The Auditors have Issued an unmodified opinion on the Financial Statements, for the financial year ended March 31.
2024. The said Auditors' Roport(s) for the financial year ended March 31, 2024 on the financial statements of the Company forms part of this Annual Report
HUMAN RESOURCES;
Company considers its employees as most valuable resource and ensures strategic alignment of Human Resource practices to business prionties and objectives. The Company has a dedicated team of employees at various locations across our corporate office and branch offices (including Subsidiary companies) spread across the country. The Company strives to inculcate the culture where its employees are motivated and their performance is aligned with values Company has achieved this present level of excellence through the commitment and dedication exhibited by its employees The focus on Improving productivity and adoption of best practices in every area are being pursued relentlessly Efforts for active participation, nurturing creativity and Innovation and ensuring a climate of synergy and enthusiasm have been at the core of Human Resource Initiatives and interventions,
INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:
Your Company has adequate internal financial control and adopted Internal Financial Control Policy in order to maintain confidentiality of price sensitive information and internal financial control.
REPORTING OF FRAUD:
There was no instance of fraud reported dunng the year under review, which required the Statutory Auditors or Secretarial Auditor to report the same to the Audit Committee of the Company under Section 143(12) of the Act and Rules framed thereunder.
RISK MANAGEMENT;
The Company has mechanisms to inform the Board Members about the risk assessment and minimization procedures and periodical review to ensure that executive management controls risk through means of a properly identified framework, Risk management is an ongoing process and the Audit Committee will periodically review risk mitigation measures The Board of Directors has not constituted a Risk Management Committee as is not mandatary to the company vide circular bearing number C1R/CFD/POLICY CELL/7/2014 issued by SEB! dated September 15,2014.
The Board of Directors of the Company and the Audit Committee shall periodically review and evaluate the risk management system of the Company so that the management controls the risks through properly defined network.Head of Departments shall be responsible for implementation of the nsk management system as may be applicable to their respective areas of functioning and report to the Board and Audit Committee.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS INFUTURE;
There are no significant and material orders passed by the
regulators/courts/tribunai which would Impact the going concern status of the Company and its operations in the future
RISK ARISING OUT OF LITIGATION, CLAIMS AND UNCERTAIN TAX POSITIONS:
The Company is exposed to a variety of different laws regulations, positions and interpretations thereof which encompasses direct taxation and legal matters. In the normal course of business, provisions and contingencies may arise due to uncertain tax positions and legal matters. Based on the nature of matters, the management applies significant judgement when considering evaluation of risk. Including how much to provide for the potential exposure of each of the matters These estimates could change substantially over time as new facts emerge as each matter progresses, hence these are reviewed regularly For matters where expert opinion <s required, the Company Involves the best legal counsel.
POLICY FOR SEXUAL HARRASMENT:
The Company has always been committed to provide a safe and dignified work environment for its employees which Is free of discrimination, Intimidation and abuse The Company has adopted a Policy for Prevention of Sexual Harassment of Women at Workplace under the provisions of The Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Radressal) Act. 2013f Act"). The objective of this policy is to provide protection against sexual harassment of women at workplace and for redressal of complaints of any such harassment The Company has also constituted an Internal Complaints Committee to redress the complaints received under this policy.
The following is a summary of sexual harassment complaints received and disposed-off dunng the year under review
- No of complaints received : Nil
- No of complaints disposed-off NA ACKNOWLEDGEMENTS
Your Directors take this opportunity to than* all investors, clients, vendors, banks, regulatory, Government authorities and Stock Exchanges for their continued support arid cooperation The Directors also wish to place on record their appreciation of the contribution made by the business partners / associates at all levels
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