Dear Shareholders,
The Board of Directors of your Company has pleasure in presenting their 35th Directors
Report on the business and operations of the Ravileela Granites Limited together with the
Annual Audited Financial Statements for the Financial Year ended 31st March 2025.
FINANCIAL RESULTS:
The Company has prepared financial results in accordance with the Companies (Indian
Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies
Act, 2013.
The financial performance of the Company for the financial year ended 31st March 2025
is summarized below:
(Rs. In Lakhs)
| Particulars |
Year ended 31st March 2025 |
Year ended 31st March 2024 |
| Revenue from Operations |
4,124.29 |
3,147.30 |
| Other Income |
122.36 |
245.99 |
Total Income (1+2) |
4,246.65 |
3,393.29 |
| Total Expenses (Excluding Depreciation) |
4,127.12 |
2,830.14 |
| Depreciation &Amortization Expenses |
193.79 |
199.21 |
Profit/ (Loss) before tax |
(375.12) |
12.74 |
| Prior Period Tax |
(0.38) |
15.98 |
| Deferred tax |
(53.95) |
56.80 |
Profit/(Loss) for the year after tax |
(320.79) |
(60.04) |
The Audited Financial Statements of your Company as on 31st March, 2025, prepared in
accordance with the relevant applicable Ind AS and Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations") and provisions of the Companies Act, 2013 ("the Act"), forms
part of this Annual Report.
HIGHLIGHTS AND STATE OF AFFAIRS OF THE COMPANY:
• During the financial year ended 31st March 2025, the Company's total income
stood at Rs. 4,246.65 Lakhs, registering a growth of 25% as compared to Rs. 3,393.29 Lakhs
in the previous financial year. The loss for the year was Rs 320. 79 lacs as against a
loss of Rs. 60.04 lacs. The increase in loss on account of increased raw material costs
without corresponding increase in the sales price as well on account of adjustment of
notional fair value loss on the investments.
EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENT:
Unless as provided elsewhere in this Report, there were no significant material changes
and commitments affecting financial position of the Company between 31st March 2025 and as
on the date of this report.
CHANGE IN THE NATURE OF BUSINESS IF ANY:
There was no change in the nature of business of the Company during the financial year.
AUTHORIZED AND PAID-UP SHARE CAPITAL OF THE COMPANY:
The Authorized Share Capital of the Company stands at Rs. 12,00,00,000/- divided into
1,20,00,000 equity shares of Rs. 10/- each.
The issued share capital of the Company is Rs. 10,58,60,000/- divided into 1,05,86,000
equity shares of Rs. 10/- each.
The Paid-up Share Capital stands at Rs. 10,58,60,000/- divided into 1,05,86,000 equity
shares of 10/- each.
There was no change in the share capital of the Company during the Financial Year.
During the year under review, the company has not issued shares with differential
voting rights nor granted stock options or sweat equity shares or bonus shares. The
Company has not bought back any of its securities during the year under review
RESERVES:
During the year under review the Company has incurred a loss of Rs. (320.79) Lakhs and
the loss component has been transferred to the retained earning reserve account.
DIVIDEND:
During the financial year under review, the Company has incurred losses, therefore no
dividend has been recommended by the Board.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND:
The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was
no dividend declared and paid last year.
BOARD MEETINGS:
The Board of Directors duly met 5 (five) times on 30th May, 2024, 14th August, 2024,
13th November, 2024, 13th February, 2025 and 18th March, 2025 in respect of which
meetings, proper notices were given and the proceedings were properly recorded and signed
in the Minutes Book maintained for the purpose.
DEPOSITS:
During the financial year under review the Company has not accepted any deposits in
pursuance of Chapter V Companies (Acceptance of Deposits) Rules, 2014.
DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY REGULATORS, COURTS, TRIBUNALS,
IMPACTING THE GOING CONCERN BASIS OF THE COMPANY:
There were no significant material orders passed by regulators, courts, tribunals,
impacting the going concern basis of the Company.
DIRECTORS AND KEY MANAGERIAL PERSONNEL:
As on March 31, 2025, your Company's Board had 4 members comprising of One (1)
Executive Woman Director, One (1) Non-Executive and Non-Independent Director, and Two (2)
Independent Directors. The details of Board and Committee composition, tenure of
directors, and other details are available in the Corporate Governance Report, which forms
part of this Annual Report.
In terms of the requirement of the SEBI Listing Regulations, the Board has identified
core skills, expertise, and competencies of the Directors in the context of the Company's
business for effective functioning. The key skills, expertise and core competencies of the
Board of Directors are detailed in the Corporate Governance Report, which forms part of
this Annual Report.
APPOINTMENT/ RE-APPOINTMENT/ CESSATION/ CHANGE IN DESIGNATION OF DIRECTORS AND KEY
MANAGERIAL PERSONNEL:
During the year under review, following changes took place in the Directorships and Key
Managerial Personnel:
Cessation:
Ms. Kishwar Fatima ceased to be the Company Secretary and Compliance Officer of the
Company w.e.f. 31st January, 2025 due to her pre-occupations.
Appointment:
Mr. Pritam Paul, on recommendation of Nomination and Renumeration Committee was
appointed as the Company Secretary and Compliance Officer of the Company w.e.f. 01st
April, 2025.
RETIREMENT BY ROTATION AND RE-APPOINTMENT OF DIRECTOR:
Pursuant to provisions of Section 152 of the Companies Act, 2013 read with rules made
thereunder and Articles of Association of your Company, Mr. Parvat Srinivas Reddy (DIN:
00359139), Director is liable to retire by rotation at the ensuing AGM and being eligible,
offers himself for reappointment.
The Board recommends the re-appointment of Mr. Parvat Srinivas Reddy as Director for
your approval. Brief details as required under Secretarial Standard-2 and Regulation 36 of
SEBI Listing Regulations, are provided in the Notice of AGM.
Declaration from Independent Directors:
Your Company has received declarations from all the Independent Directors of your
Company confirming that they meet the criteria of independence as prescribed under Section
149(6) of the Act and Regulation 16(1) (b) of the SEBI Listing Regulations and there has
been no change in the circumstances which may affect their status as an Independent
Director. The Independent Directors have also given declaration of compliance with Rules
6(1) and 6(2) of the Companies (Appointment and Qualification of Directors) Rules, 2014,
with respect to their name appearing in the data bank of Independent Directors maintained
by the Indian Institute of Corporate Affairs.
KEY MANAGERIAL PERSONNEL:
As on the date of this report, the following are Key Managerial Personnel
("KMPs") of the Company as per Sections 2(51) and 203 of the Act:
• Mrs. Parvatha Samantha Reddy, Whole-time Director and Chief Financial Officer
• Mr. B. Venkateshwara Rao, Chief Executive Officer.
• Mr. Pritam Paul, Company Secretary and Compliance Officer.
CORPORATE GOVERNANCE REPORT:
The report on Corporate Governance as per Regulation 34(3) read with Schedule V of the
SEBI (LODR) Regulations, 2015 is included as a part of this Annual Report. The requisite
certificate from R & A Associates, Company Secretaries, confirming the compliance with
the conditions of Corporate Governance is annexed to the report on Corporate Governance. (Annexure-I).
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Management Discussion and Analysis Report as stipulated under Regulation 34 read with
Schedule V, Part B of SEBI (LODR) Regulations, 2015 is presented in a separate section
forming part of the Annual Report.
(Annexure-II).
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 Schedule IV of
the Companies Act, 2013 and the corporate governance requirements as prescribed by SEBI
Listing Regulations. A structured questionnaire was prepared covering various aspects of
the Board's functioning such as adequacy of the composition of the Board and its
Committees, Board Culture, execution and performance of specific duties, obligations and
governance.
The Directors evaluation was broadly based on the parameters such as understanding of
the Company's vision, objective, skills, knowledge and experience, participation and
attendance in Board/ Committee meetings; governance and contribution to strategy;
interpersonal skills etc.
A meeting of the Independent Directors was also held which reviewed performance of
Non-Independent Directors, performance of the board as a whole after taking into account
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.
Performance evaluation of Independent Directors was carried out on parameters such as
Director upholds ethical standards of integrity, the ability of the Director to exercise
objectivity and independent judgment in the best interest of the Company, the level of the
confidentiality maintained. The Directors expressed their satisfaction with the evaluation
process.
The Board found the evaluation satisfactory and no observations were raised during the
said evaluation in current year as well as in the previous year.
EXTRACTS OF THE ANNUAL RETURN:
As required pursuant to section 92(3) and section 134(3)(a) of the Companies Act, 2013
and rule 12(1) of the Companies (Management and Administration) Amendment Rules, 2021, the
Company has uploaded a copy of the Annual Return as on 31st March, 2025 on the website of
the Company and the web link for the same is
Web Link: https://www.ravileelagranites.com/
FAMILIARIZATION PROGRAMME OF INDEPENDENT DIRECTORS:
The Independent Directors have been updated with their roles, rights and
responsibilities in the Company by specifying them in their appointment letter along with
necessary documents, reports and internal policies to enable them to familiarize with the
Company's procedures and practices.
The Company endeavors, through presentations at regular intervals to familiarize the
Independent Directors with the strategy, operations and functioning of the Company.
The Independent Directors also met with senior management team of the Company. The
details of such familiarization programmes for Independent Directors in terms of
provisions of Regulation 46(2)(i) of the Listing Regulations are posted on the website of
the Company and can be accessed at
Web Link: http://ravileelagranites.co/Familiarity_programme.pdf
POLICIES:
i. NOMINATION AND REMUNERATION POLICY:
Your Company has formulated the Nomination and Remuneration Policy ("NRC
Policy") for its Director, Key Managerial Personnel and other Employees of the
Company. This policy sets out the guiding principles for Nomination and Remuneration
Committee of the Company for recommending to the Board, the appointment and remuneration
of the Directors, Managerial Personnel, Senior Management and other employees of the
Company. The policy also includes criteria determining qualifications, positive
attributes, independence of a Director and other matters provided under sub section (3) of
section 178 and Regulation 19(4) read with Schedule II of the SEBI Listing Regulations.
The NRC policy is available for the stakeholders on the website of the Company and the
same is accessible at
Web Link: http://ravileelagranites.co/Nomination%20&% 20Remuneration%20Policy.pdf
ii. VIGIL MECHANISM / WHISTLE BLOWER POLICY:
Pursuant to the provisions of section 177(9) and (10) of the Companies Act, 2013 and
Regulation 22 of SEBI Listing Regulations, a Vigil Mechanism or ‘Whistle Blower
Policy' for directors, employees and other stakeholders to report genuine concerns has
been established. The Company has built a reputation for doing business with honesty and
integrity over the years and has shown zero tolerance for any sort of unethical behavior
or wrongdoing. The Audit Committee reviews the functioning of the Whistle Blower Mechanism
on a quarterly basis. During the year under review, no instance has been reported under
this policy. Whistle-blower Policy and Code of Business Conduct have been hosted on the
website of the Company.
Web Link: http://ravileelagranites.co/Vigil%20Mechanism.pdf
iii. POLICY ON BOARD DIVERSITY:
The Board on the recommendation of the Nomination & Remuneration Committee framed a
policy on Board Diversity as required Regulation 19(4) read with Part D of Schedule II of
the SEBI Listing Regulations and the same has been hosted on the website of the Company.
Web Link: http://ravileelagranites.co/Board%20Diversity%20Policy.pdf
iv. RISK MANAGEMENT POLICY:
Risk Management is an integral part of our strategy for stakeholders' value enhancement
and is embedded in to governance and decision-making process across the Organization. The
Company has in place the Risk Management Policy to ensure effective responses to
strategic, operational, financial and compliance risks faced by the Organization.
As per Risk Management Policy all the risks are discussed in detail with the concerned
functional heads to identify, evaluate, mitigate, monitor and minimize the identifiable
business risk in the Organization. The Risk
Management Committee meets periodically to identify new business risk, assess and
deliberate on the key risks and adequacy of mitigation plan. Key risks and mitigation
measures are summarized in Management Discussion and Analysis section of the Annual
Report.
v. PRESERVATION OF DOCUMENTS AND ARCHIVAL POLICY:
Your Company has formulated a Policy pursuant to Regulation 9 and 30(4) of the SEBI
Listing Regulations on Preservation of the documents to ensure safekeeping of the records
and safeguard the documents from getting manhandled, while at the same time avoiding
superfluous inventory of documents.
vi. POLICY ON DISCLOSURE OF MATERIAL EVENTS/ INFORMATION:
The Policy is framed in accordance with the requirements of the Regulation 30 of SEBI
Listing Regulations. The objective of the Policy is to determine materiality of events or
information of the Company and to ensure that such information is adequately disseminated
in pursuance with the Regulations and to provide an overall governance framework for such
determination of materiality.
vii. POLICY ON RELATED PARTY TRANSACTIONS:
All Related Party Transactions are entered during the Financial Year are in compliance
to the provisions of law, the Policy on Materiality of and dealing with Related Party
Transactions and were entered with the approval of Audit Committee and the Board of
Directors. All related party transactions were on arm's length basis and in ordinary
course of business. There were no related party transactions which could be considered
material (based on the definition of material transaction as mentioned under explanation
to sub Regulation (1) of Regulation 23 of the SEBI Listing Regulations).
The Related Party Transactions Policy as approved by the Board is hosted on the
Company's website i.e http://ravileelagranites.co/Related %20party%20policy.pdf
viii. INSIDER TRADING POLICY:
The Board of Director has adopted the Insider Trading Policy in accordance with the
requirement of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Insider
Trading policy of the Company lays down guidelines & procedures to be followed, and
disclosures to be made while dealing with the shares of the Company, as well as the
consequences of the violations. The policy has been formulated to regulate, monitor and
ensure reporting of deals by employees and to maintain highest ethical standards of
dealing in Companies shares.
The Insider Trading policy of the Company covering code of practices and procedures for
fair disclosure of unpublished price sensitive information and code of conduct for
preventing insider trading, same is available on the Company's website
http://ravileelagranites.co/ PIT%20Policy.pdf
DIRECTOR'S RESPONSIBILITY STATEMENT:
In pursuance of Section 134(5) of the Companies Act, 2013, the Directors hereby confirm
that:
a) In the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
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 affairs of the Company as on 31st March 2025 and Profit and Loss
Statement of the Company for that period;
c) The Directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this 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 for the financial year 31st March
2025 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.
INFORMATION ABOUT THE FINANCIAL PERFORMANCE/ FINANCIAL POSITION OF THE SUBSIDIARIES /
ASSOCIATES:
The Company has no subsidiaries, joint ventures or associate companies during the
financial year under review.
PARTICULARS OF EMPLOYEES:
Your Directors are pleased to record their sincere appreciation of the contribution by
the staff at all levels in the improved performance of the Company.
None of the employees are drawing Rs. 8,50,000/- and above per month or Rs.
1,02,00,000/- and above in aggregate per annum, the limits prescribed under Section
197(12) of the Companies Act, 2013 read with rules 5(2) and 5(3) of the Companies
(Appointment and Remuneration of Managerial personnel) Rules, 2014.
The details pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5 of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and the
list of top ten employees in terms of remuneration drawn is annexed herewith this report
(Annexure-III).
DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF SECTION 143
OF THE COMPANIES ACT, 2013, OTHER THAN THOSE WHICH ARE REPORTABLE TO CENTRAL GOVERNMENT:
There were no frauds reported by the auditors as per Section 143(12) of the Companies
Act, 2013.
STATUTORY AUDITORS:
M/s. K Vijayaraghavan & Associates LLP, Chartered Accountants (ICAI Firm
Registration Number S200040) have carried out the Statutory Audit of the Company for the
Financial Year 2024-25 and the Report of the Statutory Auditor forms part of the this
Report. The Statutory Auditors have not raised any qualification, observations or adverse
remarks in their report. There were no frauds reported by the Statutory Auditors under the
provisions of Section 143 of the Companies Act, 2013.
M/s. K Vijayaraghavan & Associates LLP, Chartered Accountants were appointed by
Board as Statutory Auditors of the Company, which has been approved by shareholders in
32nd Annual General meeting held on 29th September, 2022 for the period of five years i.e.
upto conclusion of 37th Annual General Meeting of the Company to be held in the year 2027.
Hence, the tenure of the existing Statutory Auditors of the Company would expire at the
conclusion of the 37th AGM of the Company.
INTERNAL AUDITORS:
In terms of Section 138 of the Companies Act, 2013 read with the Companies (Accounts)
Rules, 2014, the Company had appointed M/s. Suresh Babu & Co., Chartered Accountants,
Hyderabad as the Internal Auditor of the Company for the period under review.
However, the services of the Internal Auditor were terminated by the Company with
effect from 13th August, 2025 due to a public notice issued by M. Ravi & P. Harish
Varma, Advocates on behalf of their client Mr. Suresh Babu Sakhamuru, F.C.A., regarding
fraudulent impersonation by Mr. Soorampalli Suresh and establishment of the firm S.
Sureshbabu & Co., Chartered Accountants.
Thereafter, pursuant to the provisions of Section 138 of the Companies Act, 2013, the
Company appointed M/s. Dagliya & Co., Chartered Accountants as the Internal Auditor of
the Company w.e.f. 13th August 2025.
SECRETARIAL AUDITORS:
The Board, pursuant to Section 204 of the Companies Act, 2013 read with Rule 9 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 had appointed
M/s. R & A Associates, Practicing Company Secretaries as the Secretarial Auditors of
the Company to conduct the Secretarial Audit as per the provisions of the Companies Act,
2013 for the financial year 2024-25.
M/s. R & A Associates, Practicing Company Secretary have carried out the
Secretarial Audit and the Report of Secretarial Auditors in Form MR-3 is annexed with this
Report as "(Annexure-IV)". There were no qualifications/observations in the
report. During the year 2024-25, the Company has complied with all the applicable
Secretarial Standards issued by the Institute of Company Secretaries of India.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:
The required information as per Section 134 of the Companies Act 2013 is provided
hereunder:
A. Conservation of Energy:
(Amounts in Rupees)
| Power: |
2024-25 |
2023-24 |
No. of Units consumed |
14,33,702 |
13,92,538 |
Unit Rate (Rs.) |
9.60 |
10.25 |
Total Amount (Rs.) |
13757473 |
14272547 |
Fuel: |
|
|
No. of Units Consumed (Ltrs) |
938 |
900 |
Unit Rate (per Ltr.) (Rs.) |
96.64 |
98.78 |
Total Amount (Rs.) |
90,604 |
88,902 |
B. Technology Absorption : All the Factors mentioned in Rule 8 (3)(b)
Technology Absorption are not applicable to the Company.
C. Foreign Exchange Earnings and Out Go:
The Foreign exchange out go and Earnings are as follows:
(Amount in Rupees in Crore)
| Earnings: |
2024-25 |
2023-24 |
| Exports FOB |
41.04 |
31.43 |
| Foreign Exchange Outgo: |
|
|
| Import of RM, Consumables, Spares |
3.19 |
2.76 |
| Capital goods and Foreign Travelling |
|
|
CORPORATE SOCIAL RESPONSIBILTY POLICY:
The Company is not required to constitute a Corporate Social Responsibility Committee
and formulate policy on Corporate Social Responsibility as it does not fall within purview
of Section 135(1) of the Companies Act, 2013 i.e. the Company does not have the net worth
of Rs. 500 Crore or turnover of Rs. 1,000 Crore or more or a net profit of Rs. 5 Crore or
more during the immediately preceding financial year.
SECRETARIAL STANDARDS:
During the financial year under review, your Company has complied with all the
applicable provisions of Secretarial Standard (SS) - 1 and Secretarial
Standard (SS) - 2 issued by the Institute of Company Secretaries of India (ICSI).
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
The Company has not given any loans, Guarantees or made any investments during the
financial year under review. The Company continues its investment of 15,11,000 Equity
Shares of Rs. 10/- each in B2B Software Technology Limited.
DISCLOSURE OF INTERNAL FINANCIAL CONTROLS:
The Company has adequate Internal Financial Control (‘IFC') procedures
commensurate with its size and nature of business in alignment with the requirement of
Section 134(5)(e) of the Companies Act, 2013 and has also laid down specific
responsibilities on the Board, Audit Committee, Independent Directors and Statutory
Auditors with regard to IFC.
The Company has appointed in-house Internal Auditors who periodically audit the
adequacy and effectiveness of the internal controls laid down by the management and
suggest improvements.
The Audit Committee of the Board of Directors approves the annual internal audit plan
and periodically reviews the progress of audits as per approved audit plans along with
critical internal audit findings presented by internal auditors, status of implementation
of audit recommendations, if any, and adequacy of internal controls.
The Board reviews the effectiveness of controls documented as part of IFC framework,
and take necessary corrective and preventive actions wherever lapses are found on the
basis of such reviews. No significant events had been identified during the year that have
materially affected, or are reasonably likely to materially affect our IFC. The Statutory
Auditors of the Company has audited the IFC with reference to Financial Reporting and
their Audit Reports is annexed to the Independent Auditors' Report under Financial
Statements.
RISK MANAGEMENT POLICY:
Risk Management is an integral part of our strategy for stakeholders' value enhancement
and is embedded into governance and decision-making process across the Policy to ensure
effective responses to strategic, operational, financial and compliance risks faced by the
Organization.
As per Risk Management Policy all the risks are discussed in detail with the functional
heads to identify, evaluate, monitor and minimize the identifiable business risk in the
Organization. The Risk Management Committee meets periodically to assess and deliberate on
the key risks and adequacy of mitigation plan. Inputs from risk assessment are also
embedded into annual internal audit programme. Key risks and mitigation measures are
summarized in Management Discussion and Analysis section of the Annual Report.
Your Company follows a comprehensive system of Risk Management. Your Company has
adopted a procedure for assessment and minimization of probable risks. It ensures that all
the risks are timely defined and mitigated in accordance with the well-structured risk
management process.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:
The policy on materiality of related party transactions and dealing with related party
transactions as approved by the Board may be accessed on the Company's website at
http://www.ravileelagranites.co./
Your Directors draw attention of the members to Note number 32 of the Notes to accounts
attached to the financial statement which sets out related party disclosures.
MAINTENANCE OF COST RECORDS SPECIFIED BY THE CENTRAL GOVERNMENT UNDER SECTION 148 OF
THE COMPANIES ACT, 2013:
The Central Government has not prescribed the maintenance of cost records under sub
section (1) of section 148 of the Companies Act, 2013 for the products/services of the
company.
NON-EXECUTIVE DIRECTORS' COMPENSATION AND DISCLOSURES:
None of the Independent Directors have any pecuniary relationship with the Company.
Non-Executive and Non-Independent Director, Mr. Parvat Srinivas Reddy being a spouse of
Mrs. Parvatha Samantha Reddy and to the extent shares held by him has a pecuniary
relationship or transactions with the Company.
POLICY ON SEXUAL HARASSMENT:
Your Company continues to follow robust policy on Prevention, Prohibition and Redressal
of Sexual Harassment of Women at Workplace. The Company has a Policy on Prevention,
Prohibition and Redressal of Sexual Harassment of Women at Workplace and matters connected
therewith or incidental thereto covering all the aspects as contained under "The
Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013".
During the period under review, the Company has not received any complaint of sexual
harassment.
| Number of Sexual Harassment complaints received during the year |
NIL |
| Number of Cases disposed of during the year |
NIL |
| Number of cases pending for more than 90 days |
NIL |
DISCLOSURE PERTAINING TO SEXUAL HARASSMENT OF WOMEN AT WORKPLACE:
The Company has complied with the provision relating to the constitution of Internal
Complaints Committee under the Sexual Harassment of Women at the Workplace (Prevention,
Prohibition and Redressal) Act, 2013.
During the Financial year ended 31st March, 2025 the Company has neither received any
complaints nor there are any pending complaints pertaining to sexual harassment and the
Company has constituted an Internal Complaints Committee.
Committee:
Name |
Designation |
| Mrs. Parvatha Samantha Reddy |
Whole-time Director and CFO |
| Mrs. S. Madhavi |
Deputy Manager – Exports |
| Dasaripalla Joji |
External Member |
All employees are covered under this policy. During the year 2024-25, there were no
complaints received by the committee.
CYBER SECURITY
In view of increased cyber-attack scenarios, the cyber security maturity is reviewed
periodically and the processes, technology controls are being enhanced in-line with the
threat scenarios. Your Company's technology environment is enabled with real time security
monitoring with requisite controls at various layers starting from end user machines to
network, application and the data.
During the year under review, your Company did not face any incidents or breaches or
loss of data breach in cyber security.
THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND
BANKRUPTCY CODE, 2016 DURING THE YEAR ALONG WITH THEIR STATUS AS AT THE END OF THE
FINANCIAL YEAR:
During the financial year, no application was made by or against the Company or any
proceeding is pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).
DISCLOSURE ABOUT THE DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION EXECUTED AT THE
TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE AVAILING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:
During the year ended under the review, no such settlements and valuation were
undertaken.
APPRECIATION & ACKNOWLEDGEMENT:
Your Directors acknowledge with sincere gratitude for the trust reposed by all
Stakeholders including Customers, Investors, Vendors, Bankers, Auditors, Consultants and
Advisors and look forward to their continued patronage. The Directors are also grateful
and pleased to place on record their appreciation for the excellent support, guidance and
cooperation extended by the Government and State Government Bodies and Authorities,
Financial Institutions and Banks. The Board also expresses its appreciation of the
understanding and support extended by the shareholders and the continuing commitment and
dedication shown by the employees of the Company.
Place: Hyderabad |
For and on behalf of the Board of |
Date: 13th August 2025 |
Ravileela Granites Limited |
Sd/- |
Sd/- |
Parvatha Samantha Reddy |
Parvat Srivinas Reddy |
Whole-time Director and CFO |
Director |
DIN: 00141961 |
DIN:00359139 |
| Add: H-No-7-1-214/12 |
Add: H-No-7-1-214/12 |
| Ameerpet, Begumpet, |
Ameerpet, Begumpet, |
| Secunderabad-500016 |
Secunderabad-500016 |
| Telangana, India |
Telangana, India |
