To
The Members
First Fintec Limited
Mumbai-400 071.
Your Directors are pleased to present in this AGM their 24th Annual Report together
with the Audited Accounts of the Company highlighting the business operations and
financial results for the year ended March 31, 2024.
FINANCIAL PERFORMANCE:
The financial performance of the Company for the year ended March 31, 2024, is
summarized below:
| Particulars |
Year ended 31.03.24 |
Year ended 31.03.23 |
|
(Amt. in Rs) |
(Amt. in Rs) |
| Net Sales / Interest Earned / Operating Income |
23,469,518 |
58,261,768 |
| Total Expenditure |
14,757,537 |
55,210,338 |
| Pro t/Loss Before Depreciation, Taxes and Extra ordinary Items |
87,11,981 |
30,51,430 |
| Depreciation |
11,352,687 |
21,715,483 |
| Pro t/Loss Before Taxes and Extra ordinary Items |
(2,640,706) |
(18,664,053) |
| Extra Ordinary Items / Capital Loss |
0 |
0 |
| Profit Before Taxes |
(2,640,706) |
(18,664,053) |
| Provision For Taxation: |
|
|
| (i) Current Tax |
0 |
0 |
| (ii) Deferred Tax |
(714,881) |
(2,143,176) |
| (iii) Earlier years provisions w/o |
0 |
0 |
| Net Pro t/(Loss) after Tax |
(1,925,825) |
(16,520,877) |
| Equity Share Capital |
104,027,550 |
104,027,550 |
PERFORMANCE AND BUSINESS REVIEW:
During the year under review, Company has achieved the turnover of Rs.23.46 Million and
Loss of Rs. 1.92 Million as against turnover of Rs. 58.26 Million and loss of Rs. 16.52
Million respectively for the corresponding previous year.
MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:
There have been no material changes and commitments, if any, affecting the financial
position of your Company which have occurred between the end of financial year of the
Company to which the Financial Statements relate and date of this Report. The company has
a transparent disclosure announcement mechanism in place as and when such changes occur.
DIVIDEND:
Your Directors do not recommend any dividend due to losses during the year under
review.
BUSINESS OUTLOOK, ECONOMIC & REGULATORY SCENARIO AND OPPORTUNITIES:
The company is exploring various strategic initiatives to strengthen its operations in
order to enhance its performance. Due to the COVID-19 and its impact on Edtec's operations
due to the closure of schools, the company's operations have been adversely impacted. This
is due to the fact that the company has reframed its focus in its business offerings
during these challenging times, and the company's main focus is on Fintec and Edtec
solutions during these times. As the business scenario is gradually and steadily improving
in the Post Covid 19 scenario, we are of the opinion that the Company will de nitely come
out of all the current hurdles with ying colors as the company is expected to overcome all
the challenges with ying colors.
The chapter of uncertainty continues to cast its shadow resulting in a lack of
predictability about how demand will pan out. We astutely monitor the developments through
constant dialogue with our customers to help us modulate how we use our resources to
invest in addressing the growth opportunities expected as normalcy returns. We have
extended all help possible from a humanitarian lens to ensure our employees benefit from
working in a safe environment and providing precautionary measures, including
vaccinations. Our Emergency Response Team remains vigil and has ensured that we are ready
for any contingency; be it work from any location - home or office.
Your Directors are of the opinion that there is a need to remain cognizant of the
looming uncertainty. Keeping this in mind, we have strengthened our business on multiple
fronts, including infrastructure to enable remote delivery of work and security by
bolstering our digital infrastructure. Our people practices & policies reflect the
changed dynamic and have evolved to engage & motivate our widely dispersed talent pool
who take pride in the fact that they are with an upcoming company.
SHARE CAPITAL:
The present authorized share capital of your Company stands at Rs. 25,00,00,000
comprising of 2,50,00,000 equity shares of face value of 10 each.
There is no change in the issued, subscribed and paid up capital of the Company in this
financial year and it stands at Rs. 10,40,27,550 comprising of 1,04,02,755 equity shares
of Rs. 10 each per share as of March 31, 2024.
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:
1. In the preparation of the annual accounts, the applicable accounting standards have
been followed and there are no material departures.
2. The directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent to give a true and fair
view of the situation of the Company at the end of the financial year and of the profit of
the Company for that period.
3. 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.
4. The directors had prepared the annual accounts on a going concern basis.
5. The directors had laid down internal financial controls to be followed by the
Company and such internal financial controls are adequate and operating effectively.
6. 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.
MEETINGS OF THE BOARD & COMMITTEES:
Details of the meetings of the board and board Committees, given in corporate
governance report, which forms part of this report.
BOARD EVALUATION:
The board of directors has carried out an annual evaluation of its own performance,
Board committees and Individual directors pursuant to the provisions of the Act and the
corporate governance requirements as prescribed by Securities and Exchange Board of India
("SEBI") under regulation 27 of the SEBI(LODR) Regulations 2015.The performance
of the Board was evaluated by the Board after seeking inputs from all the directors on the
basis of the criteria such as the Board composition and structure, effectiveness of board
processes, information and functioning, etc. The performance of the committees was
evaluated by the board after seeking inputs from the committee members based on the
criteria such as the composition of committees, effectiveness of committee meetings, etc.
The Board and the Nomination and Remuneration Committee reviewed the performance of the
individual directors based on the criteria such as the contribution of the individual
directors to the Board and committee meetings like preparedness on the issues to be
discussed, meaningful and constructive contribution and inputs in meetings, etc. In
addition, the Chairman was also evaluated on the key aspects of his role.
In a separate meeting of independent Directors, performance of non-independent
directors, performance of the board as a whole and performance of the Chairman was
evaluated, considering the views of executive directors and non-executive directors. The
same was discussed in the board meeting that followed the meeting of the independent
Directors, at which the performance of the Board, its committees and individual directors
was also discussed.
1. Observations of Board evaluation carried out for the year: Nil.
2. Previous Years observations and actions taken: Nil.
3. Proposed actions based current year Observations: Nil
POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION AND OTHER DETAILS:
The Company's policy on director's appointment and remuneration and other matters
provided in Section 178(3) of the Act has been disclosed in the corporate governance
report, which forms part of the director's report.
DECLARATION GIVEN BY INDEPENDENT DIRECTORS:
In terms with Section 149 (7) of the Companies Act, 2013, All the Independent Directors
of the Company have declared that they meet the criteria of Independence in terms of
Section 149(6) of the Companies Act, 2013 and SEBI (LODR) regulations, 2015.Hence that
there is no change in status of Independence. The web link where details of
familiarization programs imparted to Independent Directors: https://www. first ntec.com/.
DIRECTORS and KEY MANAGERIAL PERSONNEL CHANGES DURING THE FINANCIAL YEAR:
In accordance with the provisions of Section 152 of the Companies Act, 2013 and the
Company's Articles of Association Dr.(Mrs.) Leena Vivek, Director retired by rotation at
the 24th Annual General Meeting and being eligible offered herself for re-appointment, and
her appointment had been consented by 24th AGM.
Mr. Sailesh Pethe and Mr. Rajan Pillai completes their second term of 5 years also as
independent directors and they will hold their offices as independent directors till the
conclusion of forthcoming AGM. The Board placed on record its deep appreciation of the
contributions made by Mr. Sailesh Pethe and Mr. Rajan Pillai during their tenure as
independent directors of the Company and wished them all success in their future career
endeavour.
M/s RPSP & Associates, Chartered Accountants with Ms. Radhika Prabhu as Partner
were appointed as Internal Auditors of the Company w.e.f. from the date of forthcoming AGM
in addition to M/s. JBRK & Co., Chartered Accountants with Mr. Ranganath Parankusam as
Partner who were appointed as Internal Auditors of the Company w.e.f. 30th May 2022.
Mr. Ajaykumar Vishwakarma resigned as Company Secretary w.e.f. 15th May, 2023 and Mrs.
Philby Phillip was appointed as Company Secretary w.e.f. 16th May, 2023.
Ms. G.A.Aarti has been Manager of the company with effect from September 29, 2021.
Mr. Abhishek Kotulkar and Mr. V. S. R. Sastri have been appointed as Independent
Directors with effectt from the date of ensuing AGM, which is schedule to be held on
September 30th , 2024.
Pursuant to Section 149(7) of the Act the Company has received declaration of
Independence from all the Independent Directors as stipulated under section 149(6).
INDEPENDENT DIRECTORS MEETING:
During the year under review, four meetings of independent directors were held on
30/05/2023, 14/08/2023, 14/11/2023 and 14/02/2024 in compliance with the requirements of
Schedule IV of the Companies Act, 2013. The Independent Directors at the meeting, inter
alia, reviewed the Performance of Non- Independent Directors and Board as a whole.
Performance of the Chairperson of the Company, considering the views of the Chairman and
Non-Executive Directors and Assessed the quality, quantity, and timeliness of flow of
information between the Company Management and the Board that is necessary for the Board
to effectively and reasonably perform their duties.
ANNUAL RETURN:
Pursuant toSection-92 read with Section 134(3)(a) of the Act, the Annual Return as on
March 31, 2024, is available on the Company's website on https://www. first ntec.com/.
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The details in respect of internal financial control and their adequacy are included in
the Management Discussion & Analysis, which forms part of this report.
AUDITORS AND AUDITORS' REPORT:
STATUTORY AUDITOR
M/s JMT & Associates, Chartered Accountants are appointed as Statutory Auditors in
the place of the casual vacancy arisen from the existing statutory auditors of the company
for the financial years 2024-2025. The Statutory Auditors have con rmed their eligibility
under Sec. 141 of the Companies Act 2013 and have also expressed their willingness to be
appointed as statutory auditors of the Company. Whereas, for the Financial Year M/s RPSP
& Associates, Chartered Accountants are the outgoing auditors.
In accordance with the Companies Amendment Act, 2017, enforced on 7th May 2018 by the
Ministry of Corporate A airs, the appointment of Statutory Auditors M/s JMT &
Associates, Chartered Accountants is not required to be ratified at every Annual General
Meeting.
STATUTORY AUDITORS' REPORT
M/s RPSP & Associates, Chartered Accountants with Ms.Radhika Prabhu as Partner in
network with M/s JMT & Associates, Chartered Accountants with Mr. Arun Jain as Partner
have provided their Audited Accounts along with the Reports, There are no quali cations,
reservations or adverse remarks made by the Statutory Auditors, in their Report. The
Statutory Auditors of the Company have not reported any fraud as specified under the
second proviso of Section 143(12) of the Companies Act, 2013 (including any statutory modi
cation(s) or reenactment(s) for the time being in force).
The Report given by the Auditors on the financial statement of the Company is part of
this Report.
COST AUDITOR
Cost Audit is not applicable to the Company
SECRETARIAL AUDIT
Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company
has appointed Mr. Mohd. Akram, partner of DM & Associates Company Secretaries LLP to
conduct the Secretarial Audit of your Company.
SECRETARIAL AUDITORS REPORT
The detailed report on the Secretarial Audit in Form MR- 3 is appended as an Annexure
III to this Report. There are no quali cations, reservations or adverse remarks given by
Secretarial Auditors of the Company
MATERIAL CHANGES AND COMMITMENTS
Material changes and commitments, if any, affecting the financial position of the
company which have occurred between the end of the financial year of the company to which
the financial statements relate and the date of the report:
No material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year to which this financial statements relate
on the date of this report.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
IMPACTING THE GOING CONCERN STATUS OF THE COMPANY.
There were no significant and material orders passed by the Regulators or Courts or
Tribunals which would impact the going concern status of the Company.
INFORMATION REGARDING JOINT VENTURES/SUBSI DIARIES/ASSOCIATES
The company has no Joint Ventures/Subsidiaries/Associates.
MANAGEMENT DISCUSSION & ANALYSIS
A detailed Management Discussion and Analysis forms part of this annual report, which
is attached to this Report.
TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND
Pursuant to the provisions of section 124 of the companies Act, 2013, the declared
dividends which remained unpaid or unclaimed for a period of seven years, must be
transferred by the company to the Investor Education and Protection Fund (IEPF)
established by the Central Government.
TRANSFER TO RESERVES:
There has been no transfer to reserves out of the amount available for appropriation.
Details of the amount forming part of the reserve are part of the financial statements.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
There are no loans, guarantees or investments as specified under Section 186 of the
Companies Act, 2013.
CHANGE IN THE NATURE OF BUSINESS:
There is no Change in the nature of the business of the Company during the year under
review.
DETAILS OF SUBSIDIARY/JOINT VENTURES/ASSOCIATE COMPANIES:
There are no Subsidiary / Joint Ventures / Associate Companies.
RELATED PARTY TRANSACTIONS:
There are no material related party transactions during the year under review with the
Promoters, Directors, or Key Managerial Personnel. All transactions entered with Related
Parties for the year under review were on an arm's length basis and in the ordinary course
of business and the provisions of Section 188 of the Companies Act, 2013 and the Rules
made there under are not attractive. Thus, disclosure in form AOC-2 in terms of Section
134 of the Companies Act, 2013 is not required.
EXTRACT OF ANNUAL RETURN:
The provisions of section 134 of Companies Act, 2013 were amended vide Companies
Amendment Act, 2017 and the said amendment was brought in force w.e.f. 31st July 2018.
Accordingly, the requirement of attaching the extract of Annual Return, in format MGT -9
with the Directors Report has been dispensed o and the same needs to be posted on the
Company's website, if any, and a link is to be given to the Directors Report. The Company
will post the same on its website.
CORPORATE SOCIAL RESPONSIBILITY:
The provisions of Section 135 in respect of Corporate Social Responsibility (CSR) are
not applicable to your Company during the year under review.
RISK MANAGEMENT:
The Board of the Company has formed a risk management committee to continuously
monitoror, frame, implement and monitor the risk management plan for the Company. The
committee is responsible for reviewing the risk management plan and ensuring its
effectiveness. The audit committee has additional oversight in the area of financial risks
and controls. Major risks identified by the businesses and functions are systematically
addressed through mitigating actions on a continuing basis. The development and
implementation of risk management policy has been covered in the management discussion and
analysis, which forms part of this report.
The company has implemented an integrated risk management approach through which it
reviews and assesses significant risks on a regular basis to help ensure that there is a
robust system of risk controls and mitigation in place.
INTERNAL CONTROL SYSTEM and THEIR ADEQUACY:
The Company's internal control system is designed and framed to ensure day-to-day
effective and efficient operations and compliance of laws and regulations. An alert
internal audit group monitors the systems and processes. The prime objective of this audit
is to test the adequacy and effectiveness of all internal control systems and suggest
improvements. Significant issues are brought to the attention of the audit committee for
periodical review. Hence, they are considered to be adequate in commensuration with the
size of your company.
HUMAN RESOURCES:
In any organization communication with employees is a key determinant factor of
success. Your company believes that employees are the most valued assets for the success
and growth of the Company. Your Company has implemented internet network for communication
between management and employees for enhanced accessibility and transparency. The company
has also initiated many morale building programs to strengthen their self-belief which
further benefits the Company.
Your Company treats its "human resources" as one of its most important
assets. Your Company continuously invests in attraction, retention, and development of
talent on an ongoing basis. A number of programs that provide focused people attention are
currently underway. Your Company thrust is on the promotion of talent internally through
job rotation and job enlargement.
VIGIL MECHANISM / WHISTLE BLOWER POLICY:
The Company established the Whistle Blower Policy for directors and employees to report
concerns about un-ethical behavior, actual or suspected fraud or violation of the
Company's code of conduct or ethics policy. The details are reported in Report on
corporate Governance which forms part of this Report as Annexure, and the policy shall be
available at https://www. first ntec.com/
Code of conduct or ethics policy. The details are reported in report on corporate
governance which forms part of this report as Annexure, and the policy is available on
https://www. first ntec.com/
Your Company has adopted a Whistle Blower Policy and established Vigil Mechanism in
line with the requirements under the Act and Listing Regulations for the employees and
other stakeholders to report concerns about unethical behavior, actual or suspected fraud
or violation of the Code. The Whistle Blower Policy is available at www. first ntec.com
Company established a vigil mechanism pursuant to the provisions of section 177(9)
& (10) of the Companies Act, 2013 and as per Clause 49 of the Listing Agreement for
their directors and employees to report their genuine concerns or grievances., which also
incorporates a whistle blower policy in terms of the Listing Agreement, includes an Ethics
& Compliance Task Force comprising senior executives of the Company. Protected
disclosures can be made by a whistle blower through an e mail, or dedicated telephone line
or a letter to the member of Audit committee or to the Chairman of the Audit Committee.
During the year, your Company has not received any complaints under the said mechanism.
SEXUAL HARASSMENT REDRESSAL COMMITTEE:
Your Company has put in place the applicable provisions relating to the constitution of
Internal Complaints Committee under the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013.
Your directors con rm that the company has adopted a policy regarding the prevention of
sexual harassment of women at workplace and has constituted Internal Complaints Committees
(ICC) as per the requirement of The Sexual Harassment of Women at Workplace (Prevention,
Prohibition &Redressal) Act, 2013 ('Act') and Rules made there under, your Company.
1. number of complaints led during the financial year; Nil
2. number of complaints disposed of during the financial year; Nil
3. number of complaints pending as at the end of the financial year: Nil
FIXED DEPOSITS:
During the financial year 2023-24, your Company has not accepted any deposit within the
meaning of Sections 73 and 74 of the Companies Act, 2013 read together with the Companies
(Acceptance of Deposits) Rules, 2014.
ANNUAL EVALUATION OF BOARD'S PERFORMANCE:
In terms of the provisions of the Companies Act, 2013 read with Rules issued thereunder
and as per the requirements of the Listing Agreement with the Stock Exchange, the Board of
Directors on recommendation of the Nomination and Remuneration Committee, have evaluated
the effectiveness of the Board/Director(s) for the financial year 2023-24.
The Nomination & Remuneration Committee has laid down the evaluation framework for
assessing the performance of Directors comprising of the following key areas:
? Attendance in meetings of the Board and its Committees.
? Quality of contribution to Board deliberations.
? Strategic perspectives or inputs regarding future growth of Company and its
performance.
? Providing perspectives and feedback going beyond information provided by the
management.
? Commitment to shareholder and other stakeholder interests.
STATEMENT RE-ITERATION OF DIRECTORS' RESPONSIBILITY:
Pursuant to Section 134(3) (c) of the Companies Act, 2013, the Directors con rm that:
(a) in the preparation of the annual accounts for the financial year ended 31st March
2024, the applicable accounting standards, and Schedule III of the Companies Act, 2013,
have been followed and there are no material departures from the same;
(b) the Directors 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 a airs of your Company as of 31st March 2024 and of the profit
and loss of the Company for the financial year ended 31st March 2024;
(c) proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the Company and for preventing and detecting fraud and other
irregularities;
(d) the annual accounts have been prepared on a 'going concern' basis;
(e) proper internal financial controls laid down by the Directors were followed by the
Company and that such internal financial controls are adequate and were operating
effectively; and
(f) proper systems to ensure compliance with the provisions of all applicable laws were
in place and that such systems were adequate and operating effectively.
MEETINGS OF THE BOARD, INDEPENDENCE, AND ITS COMMITTEES:
The details of (a) the meetings of the Board and its Committees held during the year;
and (b) composition and terms of reference of the Committees are detailed in the Corporate
Governance Report forming part of this Report.
CODE OF CONDUCT:
The Board has approved a Business Code of Conduct (Code) which is applicable to the
Members of the Board and insiders. The Code has been posted on the Company's website www.
first fintec.com. The Code lays down the standard of conduct which is expected to be
followed by the insiders in their business dealings and in particular on matters relating
to integrity in the workplace, in business practices and in dealing with stakeholders.
Your Directors and Senior Management have con rmed compliance with the Code.
CORPORATE GOVERNANCE:
Your Company's management has placed Corporate Governance as one of their topmost
priorities. Your Company's philosophy on Corporate Governance envisages attainment of
highest level of transparency, accountability, and fairness in respect of its operations
and achievement of highest internal standards in Corporate Governance and believes that
the initiatives on Corporate Governance will assist the management in the efficient
conduct of the business and in meeting its responsibilities to all its stakeholders.
Your Directors are pleased to inform you that your Company has implemented all the
stipulations prescribed under regulation 27 of the SEBI (LODR) Regulations 2015. The
Statutory Auditors of the Company have examined the requirements of the Corporate
Governance with reference to SEBI (LODR) Regulations 2015 and have certified the
compliance, as required under SEBI (LODR) Regulations 2015.
A separate report on Corporate Governance in Annexure V is provided together with a
Certificate from the Statutory Auditors of the Company regarding compliance of conditions
of Corporate Governance as stipulated regulation 27 of the SEBI (LODR) Regulations 2015. A
Certificate of the CFO of the Company in terms of regulation 17(8) of the SEBI (LODR)
Regulations 2015, inter alia, confirming the correctness of the financial statements and
cash flow statements, adequacy of the internal control measures and reporting of matters
to the Audit Committee, is also annexed.
The Company has been making every endeavor to bring more transparency in the conduct of
its business. As per the requirements of the Listing Agreement with the Stock Exchanges, a
compliance report on Corporate Governance for the year 2023-24 and a Certificate from the
Practicing Company Secretaries of the Company are furnished which form part of this Annual
Report.
DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS, KEY MANAGERIAL PERSONNEL AND
PARTICULARS OF EMPLOYEES:
The managerial remuneration to Directors, Key Managerial Persons and Managers did not
exceed the limit as specified u/s 197. The Company does not have any employees of the
category specified Section 197 of the Companies Act, 2013 read with Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014.
SIGNIFICANT/MATERIAL ORDERS PASSED BY THE REGULATORS:
There are no significant / material orders passed by the Regulators or Courts or
Tribunals impacting the going concern status of your Company and its operations in future.
GENERAL: a) Your Company has not issued equity shares with differential rights as
to dividend, voting or otherwise; and b) Your Company does not have any ESOP scheme for
its employees/Directors.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
Your company's operations do not involve large-scale use of energy. The disclosure of
particulars under this head is not applicable as your company operates in the service
sector. Although your company is not a large-scale energy user, acknowledges, the concept
of conservation of energy. Your company has received foreign exchange during the year
under review.
Your company continues to work on reducing carbon footprint and all type of pollutions
in all its operating areas of business through all possible initiatives like:
(a) Green infrastructure,
(b) Operational energy efficiency,
(C) Reducing Power consumption
(D) Decreasing consumption of fossil fuels
TECHNOLOGY ABSORPTION, ADAPTION, AND INNOVATION
The Company continues to use the latest technologies for improving the productivity and
quality of its services in all its areas wherever is possible to the company and strive to
achieve optimal utilization of resources there by increasing the productivity.
ACKNOWLEDGEMENTS:
Your Directors would like to place on record their appreciation and sincere thanks to
all the shareholders, customers, bankers, Central and State Government for the
contribution made and support provided to the Company during the year under report. Your
Company continues to enjoy the full cooperation of all its employees. The Directors wish
to place on record their appreciation for the good p7rformance achieved by them.
|
For and on behalf of Board of Directors |
|
Sd/- Rajan Pillai |
|
Chairman, Board of Directors |
| Regd. O ce: |
|
| 302, The Bureau Chambers, |
|
| Above State Bank of India, |
|
| Chembur, Mumbai 400071 |
|
| Maharashtra |
|
| Place: Mumbai. |
|
| Date: 29th August 2024 |
|
