Dear Members,
Your directors are pleased to present the 34th Annual Report of your
Company ("the Company" or "Divyashakti"), along with the Audited
financial statements for the financial year ended 31st March, 2025.
1. FINANCIAL RESULTS
Particulars |
Year ended 31.03.2025 |
Year ended 31.03.2024 |
|
(Rs. in Lakhs) |
(Rs. in Lakhs) |
| Revenue from operations |
6387.22 |
6977.14 |
| Other Income |
448.72 |
285.95 |
| Gross Operating Profit before Depreciation, Finance Cost, and Taxes |
596.52 |
578.11 |
| Profit after depreciation |
338.97 |
322.68 |
| But before Exceptional Items and Taxes |
|
|
| Profit after Exceptional items |
338.97 |
322.68 |
| Profit after Tax |
253.60 |
232.04 |
| Appropriations: |
|
|
| General Reserves |
48.22 |
26.66 |
| Proposed Dividend |
205.38 |
205.38 |
| Total |
253.60 |
232.04 |
1A. SUMMARY OF COMPANY'S OPERATIONAL AND FINANCIAL PERFORMANCE:
During the FY 2024-25, the Company recorded a decline of 8.45% in revenue from
operations, amounting to R6,387.22 Lakhs, as compared to R6,977.15 Lakhs in the previous
financial year. Despite the reduction in topline revenue, the Company reported a marginal
increase in Profit Before Tax, which stood at R338.96 Lakhs, up from R322.68 Lakhs in the
preceding year, reflecting a growth of 4.80%. This improvement is attributable to prudent
cost management and operational efficiencies implemented during the year. However, overall
profitability remained under pressure due to persistent macroeconomic headwinds and
industry-specific challenges.
The global quartz industry witnessed a substantial oversupply during the year,
resulting in intense pricing pressure and heightened competition. This, coupled with a
significant slowdown in demand from the U.S. market-driven by elevated interest rates and
sustained inflation-led to stagnant market conditions and constrained pricing power. These
factors collectively impacted the Company's revenue realisation and overall financial
performance during the year under review.
2. DIVIDEND:
The Board of Directors is pleased to recommend the declaration of a final dividend
amounting to Rs. 2.00 per share (20% on the face value of Rs. 10/-) for FY 24-25,
aggregating an amount of Rs. 205.38 Lakhs. The said dividend, if approved by the Members
at the ensuing Annual General Meeting ('the AGM'), will be paid to those Members whose
name appears on the register of Members of the Company.
In terms of the provisions of Regulation 43A of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, as amended ("the Listing
Regulations"), the Company has formulated a Dividend Distribution Policy.
The recommended dividend is in line with our Company's dividend policy, which is
available on the Company's Website http://www.divyashakti.com.
3. TRANSFERS TO RESERVES AND RETENTION IN THE PROFIT AND LOSS ACCOUNT, ETC:
The Company proposes to transfer an amount of Rs. 48.22 Lakhs to Reserves during the
financial year under review.
4. FINANCE:
Cash and cash equivalents as at 31st March, 2025 were Rs. 106.64 Lakhs and
Rs. 857.06 Lakhs in the previous year. The Company continues to focus on judicious
management of its working capital, receivables, inventories, and other working capital
parameters, and they were kept under strict check through continuous monitoring.
5. COMPANY'S WORKING DURING THE FINANCIAL YEAR 2024-25 AND THE FUTURE PROSPECTS ALONG
WITH REASONS FOR COMPARING WITH THE PREVIOUS YEAR'S RESULTS:
During FY 2024-25, the Company exported polished granite and quartz slabs aggregating
to R6,330.83 Lakhs to the United States, reaffirming its strong presence in international
markets.
As of the close of the financial year, the Company had export orders on hand valued at
R300 Lakhs, compared to R400 Lakhs in the previous year. This slight decline is
attributable to subdued global demand conditions; however, the order pipeline remains
robust, reflecting the Company's continued competitive positioning.
6. CHANGE IN NATURE OF BUSINESS:
The Company did not undergo any change in the nature of its business during FY 2024-25.
7. MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE
COMPANY WHICH HAS OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH
THE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:
There have been no material changes and commitments, which affect the financial
position of the Company, that have occurred between the end of the financial year to which
the financial statements relate and the date of this report.
8. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND THE COMPANY'S OPERATIONS IN THE FUTURE:
There are no significant and material orders by the Regulators or Courts or Tribunals
impacting the going concern status and the Company's operations in the future.
9. INTERNAL CONTROL SYSTEM AND ITS ADEQUACY:
The Company's internal control systems are commensurate with the nature of its
business, the size and complexity of its operations, and such internal financial controls
with reference to the Financial Statements are adequate. The Internal Auditors of the
company conduct an audit on a regular basis, and the Audit Committee periodically reviews
internal audit reports and the effectiveness of internal control systems.
10. DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES:
The Company does not have any Subsidiaries or Joint-Ventures, or Associate Companies.
12. DEPOSITS
The Company has not accepted/renewed any fixed deposits from the public, and no amount
of principal or interest was outstanding as of the Balance Sheet date during the year.
13. AUDITORS AND OBSERVATIONS
M/s. Pavuluri & Co., Chartered Accountants, Hyderabad (Firm Registration No.
012194S), were appointed as the Statutory Auditors of the Company for a period of five
consecutive years, commencing from the conclusion of the 31st Annual General Meeting held
on 18th August 2022 until the conclusion of the 36th Annual General Meeting to be held in
the year 2027. Their appointment was made in accordance with the provisions of Section 139
of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014. As
per the Companies (Amendment) Act, 2017, ratification of auditors' appointment at every
Annual General Meeting is no longer required.
The Audit Report issued by the Statutory Auditors for the financial year ended 31st
March, 2025, does not contain any qualifications, reservations, adverse remarks, or
disclaimers. Accordingly, no explanation or comment by the Board is required under Section
134(3)(f) of the Companies Act, 2013.
14. SECRETARIAL AUDITOR & REPORT
Pursuant to the provisions of Section 204 of the Companies Act, 2013 ("the
Act"), the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014, and Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI Listing Regulations"), as amended, the Board of
Directors, on the recommendation of the Audit Committee, has approved the appointment of
M/s. Puttaparthi Jagannatham & Co., a peer- reviewed firm of Company Secretaries based
in Hyderabad, as the Secretarial Auditors of the Company for a continuous term of five (5)
financial years commencing from FY 2025-26 to FY 2029-30, subject to approval of the
shareholders.
The Secretarial Audit Report for the financial year ended 31st March, 2025,
issued by M/s. Puttaparthi Jagannatham & Co., is annexed as Annexure-I to the Board's
Report and forms an integral part of this Integrated Annual Report. The Report confirms
that there were no qualifications, reservations, observations, or adverse remarks during
the period under review.
15. EXTRACT OF ANNUAL RETURN:
Pursuant to the provisions of Section 92(3) of the Companies Act, 2013 and Rule
12 of the Companies (Management and Administration) Rules, 2014, the Annual Return of
the Company for the financial year 2024-25 has been placed on the website of the
Company and can be accessed at the following link: https://www. divyashakti.
com/wp-content/uoloads/2025/08/DSG Annual Return Extracts 2024 25.pdf
16. SHARE CAPITAL
The Paid-up share capital of the Company is Rs. 102688700/-, and there has been no
change during the year. None of the following issues were taken up during the year, and
hence, details thereof were not required to be furnished
A) Issue of shares with differential rights
B) Issue of sweat equity shares
C) Issue of employee stock options
D) Provision of money by the company for the purchase of its own shares by employees or
trustees for the benefit of employees
17. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, AND FOREIGN EXCHANGE EARNINGS AND
OUTGO:
(A) Conservation of energy
a) Awareness programmers for employees were conducted for reducing energy waste.
b) Company ensures that the manufacturing operations are conducted in the manner
whereby optimum utilization and maximum possible savings of energy is achieved.
c) No specific Capital investment has been made on reduction in energy consumption
during the current financial year.
d) Although the Company has undertaken several measures towards energy conservation and
optimal utilization, the cost benefits arising therefrom are not readily quantifiable.
e) Details of electricity consumption are as under:
|
2024-25 |
2023-24 |
Electricity |
|
|
a) Purchased Units |
864863 |
992322 |
| Total Amount (Rs. in Lakhs) |
88.06 |
99.72 |
| Average Cost/Unit (Rs. /KWH) |
10.18 |
10.05 |
b) Own Generation |
|
|
i) Through Solar Plant-(w.e.f. Feb.2017) Produced Energy
(in Units) |
670425 |
848328 |
| Total Value estimated (Rs. in Lakhs) |
45.92 |
58.11 |
| Average Cost/Unit (Rs. /KWH) |
6.85 |
6.85 |
ii) Through Diesel Generator (Total Units) |
10920 |
8769 |
| Total Amount (Rs. in Lakhs) |
3.22 |
2.66 |
| Units per liter of Diesel Oil |
3.25 |
3.26 |
| Average Cost/Unit (Rs. /KWH) |
29.53 |
30.37 |
(B) Technology Absorption:
No outside technology is being used for manufacturing activities; therefore, no
technology absorption is required. The Company constantly strives for maintenance and
improvement in the quality of its products, and entire research and development activities
are directed to achieve the aforesaid goal.
(C) Foreign exchange earnings and outgo:
Details of foreign exchange earnings and outgo are as follows
a) Foreign Exchange Earnings : |
Rs. 6330.83 Lakhs |
b) Foreign Exchange Outgo : |
Rs. 80.20 Lakhs |
18. CORPORATE SOCIAL RESPONSIBILITY
Pursuant to the provisions of Section 135 of the Companies Act, 2013, read with the
Companies (Corporate Social Responsibility Policy) Rules, 2014, the Company has duly
constituted a Corporate Social Responsibility (CSR) Committee. The composition of the
Committee is as under:
Name of the Member |
Designation |
| Sri P. Mohan Krishna |
Chairman |
| Sri J. Srinivasa Karunendra |
Member |
| Sri M. Ramakrishna Prasad |
Member |
During the financial year ended 31st March, 2025, the CSR Committee convened two
meetings ? on 4th May, 2024 and 20th January, 2025.
As per the financial thresholds stipulated under Section 135(1) of the Act, the Company
was not mandatorily required to incur CSR expenditure during FY 2024-25, based on its
financials for the preceding three financial years.
Nevertheless, in consonance with its philosophy of proactive and responsible corporate
citizenship, the Company voluntarily incurred a CSR expenditure of Rs.0.25 Lakhs, towards
supporting educational initiatives for underprivileged students in proximity to its
operational facilities.
No additional CSR expenditure was incurred during the financial year under review.
The Company remains steadfast in its commitment to undertake socially relevant
initiatives and shall continue to evaluate and execute CSR programs as and when the
prescribed statutory thresholds are met in the ensuing financial periods.
The Annual Report on CSR activities for FY 2024-25, as prepared in accordance with Rule
8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, is annexed hereto
and forms an integral part of this Report as Annexure-II.
19. DIRECTORS AND KEY MANAGERIAL PERSONNEL
A) Changes in Directors and Key managerial personnel:
i. Mr. Ramakrishna Prasad Musunuri (DIN: 01781225) completed his first term of five
consecutive years as a Non-Executive Independent Director of the Company on 26th
January 2025. The Board, through a Circular Resolution dated 21st January 2025,
and based on the recommendation of the Nomination and Remuneration Committee, considering
his expertise and experience in finance, taxation, management, strategy, corporate
governance, and other relevant fields, and on the basis of his performance evaluation,
approved his re-appointment as a Non-Executive Independent Director of the Company for a
second term of five consecutive years, effective 27th January 2025. His second
term will conclude on 26th January 2030. The members of the Company approved
the re-appointment by way of a special resolution passed on 6th April 2025
through a postal ballot conducted via remote e-voting.
ii. In accordance with provisions of the Act and the Articles of Association of the
Company, Ms. Anuradha Anne (DIN:02802437), Director, is liable to retire by rotation at
this AGM and is eligible for re-appointment.
During the year under review, there were no change in the KMPs of the Company.
B) Declaration by the Independent Directors of the Company that they meet the criteria
of independence as provided in Sec 149(6) of the Companies Act, 2013.
All the Independent Directors have given declarations under Section 149(7) of the
Companies Act, 2013 that they meet the criteria of independence as provided in sub-section
(6) of Section 149 of the Companies Act, 2013 and Regulation 16(2) and 25 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Independent Directors have confirmed that they are not aware of any
circumstance or situation, which exists or may be reasonably anticipated, that could
impair or impact their ability to discharge their duties with an objective independent
judgement and without any external influence. .
C) Formal evaluation statement by the Board of its own performance, its committees, and
individual Directors:
Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the
Board has formulated a policy for evaluation of its Board, Board Committee, Director's,
and their performances and carried out an evaluation of them. The manner in which the
evaluation has been carried out has been explained in the Corporate Governance Report.
D) Number of meetings of the Board of Directors:
The Directors met four 4 times during the financial year 2024-25. A calendar of
meetings is prepared and circulated in advance to all the Directors
For details, please refer to the Report on Corporate Governance, which forms part of
this Report.
E) Meeting of Independent Directors:
A separate meeting of Independent Directors of the Company was held on 30th
January, 2025, as required under Schedule IV to the Companies Act, 2013 (Code for
Independent Directors) and Regulation 17 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015. At the Meeting, the
Independent Directors reviewed the performance of Non-Independent Directors and the Board
as a whole.
F) Familiarization program 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 Familiarisation programme for Independent
Directors is disclosed on the Company's website.
20. AUDIT COMMITTEE:
The Board of Directors of the Company constituted the Audit Committee consisting of the
following Directors, with the roles and responsibilities duly defined in accordance with
the applicable statutory and other requirements. During the year, four (4) meetings of the
Committee took place.
Name of the Member |
Designation |
Sri M.R.K.Prasad |
Chairman |
Sri J. Srinivasa Karunedra |
Member |
Sri P.Mohan Krishan |
Member |
The Board has accepted all the recommendations of the Audit Committee.
21. DETAILS OF ESTABLISHMENT OF VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES:
The Company believes in the conduct of the affairs of its constituents in a fair and
transparent manner by adopting the highest standards of professionalism, honesty,
integrity, and ethical behaviour. Oversight of this mechanism is entrusted to the audit
committee.
Pursuant to Section 177(9) of the Act, a vigil mechanism was established for directors
and employees to report to the management instances of unethical behaviour, actual or
suspected, fraud or violation of the Company's code of conduct or ethics policy. The vigil
mechanism provides adequate safeguards against victimization and multiple channels for
reporting concerns, including an option for escalation, if any, to the Chairperson of the
Audit Committee of the Company
Additionally, the Company has crafted a Whistleblower Policy, empowering its Directors,
Employees, and Stakeholders to report any perceived unethical behavior, suspected fraud,
or breaches of the Company's Code of Conduct or Ethics Policy.
The Company reaffirms that all Directors and employees retain unhindered access to the
Chairman of the Audit Committee, and no complaints were received throughout the fiscal
year.
22. CODE OF CONDUCT:
The Board of Directors has approved a comprehensive code of conduct, applicable to both
Board members and all employees during the course of the Company's daily operations.
Firmly opposing bribery, corruption, and any form of unethical behaviour, the Board has
instituted directives to combat such actions. Termed the "Code of Business
Conduct,” this code is detailed in the Report as an appendix, with compliance
declarations included.
This code delineates the expected standards of business conduct for Directors and
designated employees, emphasizing integrity in workplace practices, business dealings, and
interactions with stakeholders.
All Board members and Senior Management Personnel have affirmed their adherence to the
code, with comprehensive training provided to all management staff on these guidelines.
23. PREVENTION OF INSIDER TRADING:
As per SEBI (Prohibition of Insider Trading) Regulations, 2015, the Company has adopted
a Code of Conduct for Prevention of Insider Trading & Code of Corporate Disclosure
Practices. All the Directors, employees and third parties (intermediaries and fiduciaries)
such as auditors, consultants etc. who could have access to the Unpublished Price
Sensitive Information of the Company are governed by this code. The trading window is
closed during the time of declaration of results and the occurrence of any material events
as per the Code.
During the year under review, there has been due compliance with SEBI (Prohibition of
Insider Trading) Regulations, 2015.
24. NOMINATION AND REMUNERATION COMMITTEE:
The Board of Directors of the Company constituted of Nomination and Remuneration
Committee, consisting of the Following are the members of Nomination and Remuneration
Committee with the roles and responsibilities duly defined and in accordance with the
applicable statutory and other requirements.
Name of the Member |
Designation |
Sri M.R.K.Prasad |
Chairman |
Sri J. Srinivasa Karunedra |
Member |
Sri P.Mohan Krishan |
Member |
The Board has formulated a policy in consultation with the Nomination and Remuneration
Committee for selection and appointment of Directors, Senior management, and fixation of
their remuneration keeping in view the requirements given in Section 178 of the Companies
Act, 2013 and it also involves in the evaluation of' the Board and its remuneration
policies. During the Financial Year under review, the Committee has met once times i.e.,
on 20th January, 2025.
25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
All transactions entered with Related Parties for the year under review were on arm's
length basis. The particulars of every contract or arrangement entered into by the Company
with related parties referred to in sub-section (1) of Section 188 of the Companies Act,
2013, including certain arm's length transactions under the third proviso thereto, are
disclosed in Form No. AOC-2 as Annexure- III to this Report.
Pursuant to the requirements of the Act and the SEBI Listing Regulations, the Company
has formulated a policy on RPTs, and it is available on the Company's website URL at: https://www.diwashakti.eom/wp-content/uploads/2024/05/8.-Policv-on-Related-Partv-Transactions.pdf
There were no materially significant transactions with Related Parties during the
financial year 2024-25 that were in conflict with the interest of the Company. Suitable
disclosures as required under the Accounting Standard have been made in Note 30 of the
Notes to the financial statements.
26. MANAGERIAL REMUNERATION:
Details of the ratio of the remuneration of each Director to the median employee's
remuneration and other details as required pursuant to Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.
| a) |
Remuneration to Directors: |
|
2024-25 (In Rs.) |
% on Total Salaries |
|
Sri N. Hari Hara Prasad (Managing Director) |
Salary |
62,00,000 |
19.62% |
|
|
Perquisites |
3,16,537 |
|
|
Smt Anuradha Anne (Chief Financial Officer) |
Salary |
6,00,000 |
1.81% |
|
Sri N. Sai Venkateshwara Prasad (Global Executive) |
Consultancy |
10,10,250 |
3.04% |
b) There is no information required pursuant to Section 197 read with 5(2) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, as no
employee of the Company is covered by these rules.
c) It is hereby affirmed that the remuneration paid is as per the remuneration policy
for Directors, Key Managerial Personnel, and other Employees.
d) The median remuneration of employees of the company during the financial year was
Rs. 1.02 Lakhs.
e) There were 107 permanent employees on the rolls of the Company as on 31st March,
2025.
f) No Director is in receipt of any commission from the company, and the Managing
Director and Whole-time Director of the Company have not received any remuneration or
commission from any other Company subject to its disclosure by the Company in the Board's
Report.
27. CORPORATE GOVERNANCE
The Directors reassert their dedication to upholding high standards of corporate
governance. Throughout the reviewed period, the Company diligently adhered to the
regulations concerning corporate governance outlined in Regulation 27 of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015. The compliance report, along with the Auditors' Certificate verifying adherence to
the conditions of Corporate Governance as per the Listing Regulations, is provided as Annexure-IV
to this Report.
The Managing Director and Chief Financial Officer of the Company have issued a
necessary certificate pursuant to the provisions of Regulation 17(8) of the Listing
Regulations, 2015, and the same forms part of this Report.
28. RISK MANAGEMENT AND INSURANCE
The Company maintains ongoing vigilance over business and operational risks by
implementing business process re-engineering and conducting regular reviews across various
areas, including production, finance, legal, and others. A comprehensive initiative is in
progress to establish a robust risk management framework. Additionally, the Company
ensures that its assets are sufficiently insured against risks arising from fire and
earthquake hazards.
The Board has not identified any risks that, in its view, pose a threat to the
Company's existence.
29. DIRECTORS' RESPONSIBILITY STATEMENT:
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 for the financial year ended on 31 March
2025, the applicable accounting standards had been followed, and there are no material
departures.
(b) they have 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 as at 31 March 2025 and of the profit and loss
of your Company for the financial year ended 31 March 2025;
(c) they have taken proper and sufficient care 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;
(d) The annual accounts for the financial year ended on 31 March 2025 have been
prepared on a going concern basis;
(e) they have laid down internal financial controls to be followed by the Company and
that, to the best of their knowledge, examination and analysis, such internal financial
controls have been adequate and were operating effectively; and
(f) We have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
30. PA YMENT OF LISTING FEE
At present, the equity shares of the Company are listed on the Bombay Stock Exchange at
Mumbai. The Company confirms that it has paid Annual Listing Fees due to the Bombay Stock
Exchange for the year 2025-26.
31. DEPOSITORY SYSTEM
As the Members are aware, your Company's shares are tradable compulsorily in electronic
form and your Company has established connectivity with National Securities Depository
Limited /Central Depository Services (India) Limited (CDSL). In view of the numerous
advantages offered by the depository system, the Members are requested to avail the
facility of Dematerialization of the Company's shares on NSDL & CDSL. The ISIN
allotted to the Company's Equity shares is INE410G01010. The Company is pursuing
the shareholders holding the shares in physical form for the dematerialization of their
shares.
32. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
There are no loans, guarantees or investments made under section 186 of the Companies
Act, 2013.
33. SECRETARIAL STANDARDS
The Company has devised proper systems to ensure compliance with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India,
and that such systems are adequate and operating effectively.
34. MANAGEMENT DISCUSSION & ANALYSIS REPORT
The Management Discussion and Analysis, as required in terms of the SEBI Listing
Regulations, forms part of this report as Annexure-V.
35. PREVENTION OF SEXUAL HARASSMENT
The Company has a zero-tolerance policy for sexual harassment in the workplace. It has
adopted a comprehensive policy on Prevention, Prohibition, and Redressal of Sexual
Harassment at Workplace, in alignment with the provisions of the Sexual Harassment of
Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, and Rules framed
thereunder.
36. INTERNAL COMPLAINTS COMMITTEE:
The "Internal Complaints Committee" constituted as per Section 4 (1) of the
Sexual harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
has the following members.
S. No. |
Name of the Member |
Designation |
| 1. |
Smt Anuradha Anne |
Chairman/Preceding Officer |
| 2. |
Sri P. Mohan Krishna |
Internal Member |
| 3. |
Sri J. Narayana Swamy Damodhar |
External Member |
| 4. |
Smt T. Sujata |
Internal Member |
During the year under review, no complaints of harassment at the workplace were
received by the committee.
37. ACKNOWLEDGEMENTS
Your Directors place on record their appreciation of the financial assistance and
support extended by ICICI and the State Bank of India. The Directors thank the
shareholders for their continued confidence and trust placed by them with the Company. The
Board also thanks all categories of employees of the Company for their dedicated and
sincere services.
For and on behalf of the Board |
Sd/- |
Sd/- |
|
(N.HARI HARA PRASAD) |
(M.R.K.PRASAD) |
Place: Hyderabad |
Managing Director |
Director |
Date: 29th May 2025 |
DIN: 00354715 |
DIN: 01781225 |
