To,
The Members,
Gorani Industries Limited
Your Directors have great pleasure in presenting herewith the ThirtiethAnnual Report of
your Company together with the audited financial statement for the financial year ended on
31st March, 2025.
In compliance with the applicable provisions of the Companies Act, 2013, Securities and
Exchange Board of lndia(Listing Obligations and Disclosure Requirements) Regulations,
2015, this Board Report is prepared based on the standalone financial statements of the
Company for the period under review.
1. FINANCIAL RESULTS: (Amount in Lacs)
Particulars |
2024-25 |
2023-24 |
Total Revenue |
|
4322.55 |
|
4265.76 |
Profit before Finance Cost, Depreciation & Amortization Expense |
|
267.15 |
|
318.23 |
Less: |
|
|
|
|
Finance Costs |
107.65 |
|
99.87 |
|
Depreciation & |
|
|
|
|
Amortization expense |
40.10 |
147.75 |
40.51 |
140.38 |
Net Profit/(Loss) before extra ordinary & exceptional items
&tax |
|
119.40 |
|
177.85 |
Tax Expense |
|
|
|
|
Current Tax |
32.29 |
|
41.98 |
|
Deferred Tax |
1.36 |
33.65 |
0.02 |
42.00 |
Net Profit/ (Loss) after tax & before Other Comprehensive
Income |
|
85.75 |
|
135.85 |
Add: |
|
|
|
|
Comprehensive Income |
(10.48) |
(10.48) |
(9.58) |
(9.58) |
Net Profit |
|
75.27 |
|
126.27 |
Transfer to Reserve |
|
0.00 |
|
0.00 |
INDIAN ACCOUNTING STANDARD (Ind AS):
As mandated by the Ministry of Corporate Affairs, the Company has adopted Indian
Accounting Standards ("Ind AS") from April 1,2017 with a transition date of
April 1,2016. The financial statements of the Company for the financial year 2024-25have
been prepared in accordance with Ind AS, prescribed under Section 133 of the Companies
Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 and other
recognized accounting practices and policies to the extent applicable.
2. PERFORMANCE AND THE STATE OF COMPANY'S AFFAIRS:
Your Company has achieved total revenue of Rs. 4322.55 Lakhduring the year ended 31st
March, 2025 as against that of Rs. 4265.76 Lakh during the previous year ended 31st March,
2024.The Company has earned net profit of Rs. 75.27Lakh during the financial year against
net profit of Rs. 126.27 Lakh in thepreviousyear.
The Company is in the business of production and sales of kitchen and home appliances
since 1996. Its main products are LPG stoves, steel frames, gas geyser, rangehood chimney
etc. It does its business through a strong network of dealer and distributors all over
Central, South and North India. The Company is in the process of implementing strategies
to capitalize available opportunities.
During the year, there was no change in the nature of business of the Company.
3. CHANGE IN THE REGISTERED OFFICE OF THE COMPANY:
During the financial year 2024-2025, there was no change in the registered office of
the Company.
4. CHANGE OF NAME OF REGISTRAR AND SHARE TRANSFER AGENT
The Registrar and Transfer Agent of the Company isMUFG Intime India Private Limited.
Consequent to theacquisition of Link Group by Mitsubishi UFJ Trust &Banking
Corporation, Link Intime India Private Limited isknown as MUFG Intime India Private
Limited. The changeof name is effective December 31,2024.
5. MATERIAL CHANGES AND COMMITMENTS THAT AFFECTED THE FINANCIAL POSITION OF THE COMPANY
WHICH OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENT
RELATE TILL THE DATE OF THIS REPORT There were no material changes and commitments
affecting the financial position of the Company which occurred between theend of the
financial year to which this financial statement relates on the date of this Annual
Report.
6. CAPITAL STRUCTURE
There is no change in the Capital Structure of the Company during the period under
review. The paid up Equity share capital of the Company as on 31stMarch, 2025 is Rs.
5,36,26,000.00 divided into 53,62,600 equity shares of Rs. 10.00 each.
N
7. LISTING ON STOCK EXCHANGES
The shares of the Company are listed on BSE Limited and necessary listing fees have
been paid uptodate.
8. TRANSFERTO RESERVE, IF ANY
During the year, the Company does not propose to transfer any amount to the any
Reserve.
9. DIVIDEND:
To conserve the resources of the Company and for better utilization of funds, your
directors are not recommending any dividend fortheyear.
10. RE-APPOINTMENT
As per the provision of Companies Act, 2013, Ms. Raina Goyal (Holding DIN- 08295368)
Director, retires by rotation at the ensuing Annual General Meeting and being eligible,
seeks re-appointment. The Board recommends her re-appointment.
The term of Mr. Sanjay Kumar Gorani (Holding DIN: 00055531) as Managing Director of the
Company and Mr. Nakul Gorani (Holding DIN: 06543317) as Whole- Time Director of the
Company has expired on 31st May, 2025. Therefore, pursuant to the recommendation of
Nomination and Remuneration Committee and subject to the approval of shareholders in the
ensuing General Meeting of the Company, the Board of Directors in their Meeting held on
30th May, 2025, approved re-appointment of Mr. Sanjay Kumar Gorani (Holding DIN:00055531)
as Managing Director and Mr. Nakul Gorani (Holding DIN: 06543317) as Whole-Time Director
of the Company for a period of 3 years w.e.f. 01st June, 2025 to 31st May, 2028 and the
proposal for their reappointment is included in the notice to the Annual General Meeting
for approval of the Members.
11. DIRECTORS AND KEY MANAGERIAL PERSONNEL During the year, there was no change in
the Directors and Key Managerial Personnel of the Company.
The tenure of Ms. Komal Motwani (Holding DIN: 07302550) as Independent Director of the
Company shall be expired on 30th September, 2025 due to completion of her second and final
term as per Section-149(10) of the Companies Act, 2013 and she will be ceased to be
Director of the Company from closure of business hours of that day.
Appointment
The Board and Nomination and Remuneration Committee considering the knowledge, acumen,
expertise, experience (including the proficiency) and
skills, recommended the appointment of Ms. Arpita Jain as an Independent Director of
the Company to the members in this Annual General Meeting for first term of 5 (five)
consecutive years commencing from 01st October, 2025. Company has received consent and
declaration from Ms. Arpita Jain inter alia confirming that she meets the criteria of
Independence as prescribed for Independent Directors under Section 149 (6) of the Act and
Regulation 16(l)(b) of the SEBI Listing Regulations. Resolution seeking approval of
members for her appointment has given in the Notice of AGM. Re-appointment
The Board of Directors on recommendation of the Nomination and Remuneration Committee
proposes to re-appoint Mr. Ayush Shukla -(Holding DIN:09057436) as an Independent Director
for the second term of five consecutive years with effect from 12th February, 2026 to
llthFebruary, 2031 of the Company, subject to approval of the members of the Company.
The Board is of the opinion that Independent Director, Mr. Ayush Shukla -(Holding
DIN:09057436), upheld ethical standards of integrity and probity and is a qualified
Company Secretary (Member of the Institute of Company Secretaries of India) and have rich
experience of approx 4.5 years in legal and Secretarial matters.
Further, Mr. Ayush Shukla has passed the online proficiency self-assessment test as
required to be undertaken by an Independent Director under the provisions of Section 150
of the Companies Act, 2013 and the rules framed thereunder.
The Company has received declarations from all the Independent Directors of the Company
confirming that they meet with the criteria of independence as prescribed under
Sub-Section (6) of Section 149 of the Companies Act, 2013.The Independent Directors have
also confirmed that they have complied with the Company's Code of Conduct for Board of
Directors. Further, all the Directors have also confirmed that they are not debarred to
act as a Director by virtue of any SEBI order.
All Independent Directors of the Company have valid registration in the Independent
Director's databank of Indian Institute of Corporate Affairs as required under Rule 6(1)
of the Companies (Appointment and Qualification of Director) Fifth Amendment Rules,
2019 and has passed the online proficiency self- assessment test as required to be
undertaken by an Independent Director under the provisions of Section 150 of the Companies
Act, 2013 and the rules framed thereunder.
The Company has devised a Policy for performance evaluation of Independent Directors,
Board, Committees and other individual Directors which include criteria for performance
evaluation of the non-executive directors and executive directors.
12. NOMINATION AND REMUNERATION POLICY AND OTHER DETAILS:
The Company has adopted a Nomination and Remuneration Policy for the Directors, Key
Managerial Personnel and other employees, pursuant to the provisions of the Act. The
policy of the Company on Directors appointment and remuneration including criteria for
determining qualification, positive attribute, independence of director and other matters,
as required under subsection (3) of section 178 of the Companies Act 2013is available on
Company's website at the link: http://www.goraniindustries.com/investors/
.
There has been no change in the policy since last fiscal year. We affirm that the
remuneration paid to the directors is as perthe terms laid out in the nomination and
remuneration policy of the Company.
The nomination and remuneration policy is annexed herewith as Annexure-I to this
Boards' Report.
13. ANNUAL RETURN
Pursuant to the provisions of clause (a) of sub-section (3) of Section 134 and
sub-section (3) of Section 92of the Companies Act, 2013 readwith Rule 12 of the Companies
(Management and Administration) Rules, 2014,the Annual Return of the Company for the
financial year ended March 31,2025 can be accessed at
http://www.goraniindustries.com/investors/ .
14. AUDITORS ANDTHEIR REPORT
M/s. Sandeep Surendra Jainand Company, bearing Firm Registration No.010172C), was
appointed as the Statutory Auditors of the Company to hold office for a term of five years
i.e. from the conclusion of 25th Annual General Meeting till the conclusion of the 30th
Annual General Meeting i.e. this Annual General Meeting. Therefore the Board and audit
committeehas recommended the re-appointment of M/s. Sandeep Surendra Jain and Company as
the
statutory auditor of the Company to the members in the Annual General for a term of 5
(five) years to hold office from the conclusion of 30th Annual General Meeting till the
conclusion of 35th Annual General Meeting to be held in the year 2030.
M/s. Sandeep Surendra Jainand Company has conveyed its consent and eligibility to be
appointed as the Statutory Auditor of the Company along with a confirmation that, their
re-appointment, if made, would be within the limits prescribed under the Companies Act,
2013. Therefore, resolution seeking re-appointment of M/s. Sandeep Surendra Jainand
Companyas the Statutory Auditor of the Company for 5 years has been proposed and
recommended to the members of the Company in the notice of convening AGM of the Company
The Notes on financial statement referred to in the Auditors' Report are
self-explanatory and do not call for any further comments. The Auditors' Report does not
contain any qualification, reservation or adverse remark.
There were no frauds reported by the auditors under section 143(12) of Companies Act,
2013 during their course of audit forthe financial year 2024-25.
15. INTERNALAUDITOR
M/s. Navin Sapna & Co., Chartered Accountants (bearing firm registration no.
010507C) have been appointed as an Internal Auditor of the Company w.e.f. 1st April, 2017
in the Board Meeting held on 30th May, 2017.
16. SECRETARIAL AUDIT
M/s. Manish Jain & Co., Practicing Company Secretaries has been appointed to
conduct the secretarial audit of the Company for the financial year 2024-25 in the Board
Meeting held on 30thMay, 2024.
Further, the Company has also appointed M/s. Manish Jain & Co., Practicing Company
Secretariesfor the financial year 2025-26 in the Board Meeting held on 14th August, 2025.
The Secretarial Audit Report for the financial year ended March 31, 2025 is annexed
herewith as Annexure II to this Report. The report is self- explanatory and does not call
for any further comments except following remarks:
1. It has been explained to us that the Statutory
Auditor of the Company M/s. Sandeep Surendra Jain & Co. had applied for renewal of
Peer review Certificate prior to the expiry date and the renewed certificate has been
issued after signing of Limited Review Report for the quarter ended31/12/2024.
Explanation of above remarks:
The Board clarified that M/s. Sandeep Surendra Jain & Co. had applied for
renewalprior to its expiry date and have complied with all the procedures in this regard
and due to election process at HO of ICAI, the renewed certificate has been issued later
of signing of Limited Review Report for the quarter ended 31/12/2024.
17. ANNUAL EVALUATION
The Board of Directors has carried out an annual evaluation of its own performance, its
Committees and individual directors pursuant to the provisions of the Companies Act, 2013.
The performance of the Board was evaluated by the Board after seeking inputs from all
the directors on the basis of 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 on the basis of criteria such as the composition of committees,
effectiveness of committee meetings, etc.
The Board and the Nomination and Remuneration Committee reviewed the performance of
individual directors on the basis of criteria such as the contribution of the individual
director to the Board and Committee meetings like preparedness on the issues to be
discussed, meaningful and constructive contribution and inputs in meetings, etc.
In a separate meeting of independent directors, performance of non-independent
directors and the Board as a whole was evaluated, taking into account the views of
executive directors and non-executive directors. Performance evaluation of independent
directors was done by the entire board, excluding the independent director being
evaluated.
The Board of Directors expressed their satisfaction with the evaluation process.
18. RELATED PARTY TRANSACTIONS
The Contracts or arrangements entered into by the Company are in accordance with
provisions of Section 188 of the Companies Act, 2013 during theyear under review and were
in ordinary course of business and on arm's length basis.
The details of the related party transactions as per Indian Accounting Standards (IND
AS) - are set out in Note 28to the Standalone Financial Statements of the Company.
There are no materially significant related parties transactions entered into by the
Company, which may have a potential conflict with the interest of the Company at large.
Further details have been given in the prescribed Form AOC-2 annexed herewith as
Annexure-lll.
The policy on Related Party Transactions as approved by the Board may be accessed on
Company's website at the link:
http://www.goraniindustries.com/investors/
19. CORPORATE GOVERNANCE
Regulation 17,17A, 18,19,20,21,22,23,24,24A, 25, 26, 26A, 27 and clauses (b) to (i) and
(t) of subregulation (2) of regulation 46 and Para C, D and E of Schedule V of SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to
the Company.
20. MEETINGS
A. BOARD MEETINGS
During the year 2024-25, 07 (Seven) Board Meetings were held on 19th April, 2024, 30th
May, 2024;13thAugust, 2024; 28thAugust, 2024; 08th November, 2024;07th February, 2025 and
27th March, 2025.
Name of Director |
No. of Board Meeting entitled to attend |
No. of Board Meeting attended |
Attendance at last Annual General Meeting |
Mr. Sanjay Kumar Gorani |
07 |
07 |
Yes |
Mr. Nakul Gorani |
07 |
06 |
Yes |
Ms. Komal Motwani |
07 |
07 |
Yes |
Ms. Raina Goyal |
07 |
07 |
Yes |
Mr. Ayush Shukla |
07 |
07 |
Yes |
Mr. Geet Gorani |
07 |
07 |
No |
B. AUDIT COMMITTEE MEETINGS
During the year. Audit Committee was reconstituted in the Board Meeting held on 30th
May, 2024 as Ms. Raina Goyal (Holding DIN: 08295368), Non-Executive Director of the
Company steps down from the membership of the Audit Committee and therefore. Board
appointed Mr. Geet Gorani (Holding DIN: 08364525), Non -Executive Director of the Company,
as a member of Audit Committee in place of Ms. Raina Goyal (Holding DIN: 08295368),
Non-Executive Director of the Company.
During the financial year 2024-24, 05 (Five) Audit Committee Meetings were held on 19th
April, 2024,30th May, 2024; 13thAugust, 2024; 08th November, 2024 and07th February, 2025.
Name of Director |
No. of committee Meetings entitled to attend |
No. of committee Meetings attended |
Ms. Komal Motwani |
05 |
05 |
Ms. Raina Goyal |
02 |
02 |
Mr. Ayush Shukla |
05 |
05 |
Mr. Geet Gorani |
03 |
03 |
C. NOMINATION AND REMUNERATION COMMITTEE MEETINGS
During the financial year 2024-25, 02(Two) meeting of the Nomination and Remuneration
Committee was held on07thFebruary, 2025 and 27th March, 2025.
Name of Director |
No. of committee Meetings entitled to attend |
No. of committee Meetings attended |
Ms. Komal Motwani |
02 |
02 |
Ms. Raina Goyal |
02 |
02 |
Mr. Ayush Shukla |
02 |
02 |
D. STAKEHOLDER RELATIONSHIP COMMITTEE MEETINGS
During the financial year 2024-25, 05 (Five) Stakeholder Relationship Committee
Meetings were held on 18th April, 2024; 13thAugust, 2024; 08th November, 2024; 07th
February, 2025 and 03rd March, 2025.
Name of Director |
No. of committee Meetings held |
No. of committee Meetings attended |
Ms. Komal Motwani |
05 |
05 |
Ms. Raina Goyal |
05 |
05 |
Mr. Ayush Shukla |
05 |
05 |
21. THE NAMES OF COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES, JOINT
VENTURES OR ASSOCIATE COMPANIES DURING THE YEAR:
During the year no company have become or ceased to be its subsidiaries, joint ventures
or associate companies.
22. SECRETARIAL STANDARDS
The Company complies with all applicable secretarial standards issued by the Institute
of Company Secretaries of India.
23. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
CONSERVATION OF ENERGY:
The information relating to conservation of Energy, Technology absorption and Foreign
Exchange earnings and outgo as required under section 134(3)(m) of the Companies Act, 2013
read with the with Rule 8 of The Companies (Accounts) Rules, 2014 is given in Annexure IV
forming part of this report.
24. REMUNERATION RATIO AND OTHER DETAILS OF DIRECTORS / KEY MANAGERIAL PERSONNEL (KMP)
/ EMPLOYEES:
The information required pursuant to Section 197 read with Rule 5 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, in respect of
Directors/ KMP of the Company are furnished in Annexure V.
No employees in the Company have been paid remuneration in excess of the limits
prescribed under section 197 of the Companies Act, 2013 read with Rule 5 of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.
25. DETAILS RELATING TO DEPOSITS, COVERED UNDER CHAPTERVOFTHEACT:
(a) Accepted duringthe year: Nil
(b) Remained unpaid or unclaimed as at the end of theyear: Nil
(c) Whether there has been any default in repayment of deposits or payment of interest
thereon during the year and if so, number of such cases and the total amount involved: Nil
(d) Details of deposits which are not in compliance with the requirements of Chapter V
of the Act: Nil
During the year, the Company has not taken an unsecured loan from the Directors of the
Company.
26. CORPORATE SOCIAL RESPONSIBILITY:
The Company is not required to constitute a Corporate Social Responsibility Committee,
as it does not fall within purview of Section 135(1) of the Companies Act, 2013 and hence
it is not required to formulate policy on corporate social responsibility.
27. DISCLOSURES:
AUDIT COMMITTEE
Audit Committee is entrusted with the responsibility to supervisethe Company's
financial reporting process and internal controls.The composition of the Audit Committee
is in alignment with provisions of Section 177 of the Companies Act, 2013.
As on date the Audit Committee comprises of three Directors i.e. Mr. Ayush Shukla
(Holding DIN: 09057436), Independent Director (Chairman), Ms. Komal Motwani (Holding DIN:
07302550), Independent Director (member) and Mr. Geet Gorani (Holding DIN: 08364525),
Non-Executive Director (member). All the recommendations made by the Audit Committee were
accepted by the Board.
VIGIL MECHANISM
The Vigil Mechanism of the Company is in terms of Companies Act, 2013, to deal with
instance of fraud and mismanagement, if any. The Policy on vigil mechanism may be accessed
on the Company's website at the link http://www.goraniindustries.com/investors/ .
28. DIRECTORS' RESPONSIBILITYSTATEMENT
Your Directors state that:
a) in the preparation of the annual accounts, the applicable accounting standards have
been
followed along with proper explanation relating to material departures;
b) the Directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company at the financial year ended on March
31,2025and of the profit of the Company forthat period;
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;
e) the Directors had laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and were operating
effectively; and
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.
29. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report for the year under review, as stipulated
under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is
presented in a separate section forming part of the Annual Report.
30. DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY:
The Company has framed the Risk Management Policy which highlights the Company's
practices and risk management framework for the identification and management of
uncertainty. The Company manages monitors and reports on the principal risks and
uncertainties that can impact its ability to achieve its strategic objectives.
The Company has implemented a Risk Management Framework for the management and
oversight of material risks and internal control. The Risk Management Framework is
designed to address risks
that have been identified to have a material impact on the Company's business and to
ensure that the Board regularly reviews the risk management and oversight policies.
31. INTE RNAL CONTROL SYSTE M AND TH El R ADEQUACY
The Company has adequate system of management- supervised internal control, which is
aimed at achieving efficiency in operations, optimum utilization of resources, effective
monitoring and compliance with all applicable laws. These ensure that all corporate
policies are strictly adhered to an absolute transparency is followed in accounting and
all its business dealings.
The Company's internal control systems are commensurate with the nature of its business
and the size and complexity of its operations. The Company ensures adherence to all
internal control policies and procedures. A qualified and independent audit committee of
the Board, comprising the independent directors reviews the adequacy of internal control.
The report on Internal Financial Control has also been annexed with the financial
statements of the Company as provided by the Statutory Auditor of the Company.
32. COST RECORDS
Maintenance of cost records as specified by Central Government under sub section (1) of
Section 148 of the Companies Act, 2013, is not applicable to the Company.
33. SEXUAL HARASSMENT
The Company has zero tolerance for sexual harassment at workplace and is committed to
create a healthy working environment that enables all employees to work without fear of
prejudice, gender bias and sexual harassment. Company has complied with the Constitution
of Internal Compliant Committee under Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 to redress complaints received regarding sexual
harassment.
During the year under review, there were no cases filed pursuant to the Sexual
Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.
34. COMPLIANCE UNDER MATERNITY BENEFIT ACT, 1961
During the year under review, there were no instances requiring availing of benefits
under the Maternity Benefit Act, 1961, reflecting a period of overall well-being among
female employees. The Company remains committed to compliance with all applicable
provisions of the Act. A creche facility has been established to support female employees,
in line with statutory requirements. Additionally, an abstract of the Act has been
prominently displayed in the local language in every part of the Company where women are
employed. The Company has duly filed the Annual Return under the Maternity Benefit Act,
1961.
35. EMPLOYEE HEADCOUNT AS OF FINANCIAL YEAR END MARCH 31,2025
As of the closure of the financial year March 31,2025, the Company has following number
of individuals, categorized by gender as employee:
Gender |
No. of Individuals |
Male |
168 |
Female |
92 |
Transgender |
- |
36. GENERAL
Your Directors state that no disclosure or reporting is required in respect of the
following items as there were no transactions on these items during the year under review:
1. Details of particulars of loans, guarantees or investments under section 186 of the
Companies Act, 2013.
2. Issue of equity shares with differential rights as to dividend, voting or otherwise.
3. Issue of shares (including sweat equity shares) to employees of the Company under
any Employee Stock Option Scheme.
4. Neither the Managing Director nor the Wholetime Directors of the Company receive any
commission.
5. Separate Section containing a Report on performance and Financial Position of each
of Subsidiaries, Associated & Joint Ventures
included in the Consolidated Financial Statement of the Company.
6. The Auditors of the Company have not reported any fraud as specified under second
proviso of Section 143 (12) of the Companies Act, 2013.
7. No significant or material orders were passed by the Regulators or Courts or
Tribunals which impact the going concern status and Company's operations in future.
8. Voluntary revision as per Section 131 of the Companies Act, 2013.
9. The details regarding application made or proceeding pending under Insolvency and
Bankruptcy Code, 2016.
10. Details of events in relation to any Deviation(s) or variation(s) in the use of
proceeds of preferential issue of Warrants.
37. ACKNOWLEDGEMENT:
The Board wishes to place on record their gratitude for the co-operation being received
from the Banks, Share Transfer Agent, Stock Exchanges, Shareholders, customers, staff and
workers of the Company and thankthem fortheircontinued support.
