To,
THE MEMBERS
The Directors are pleased to present herewith the 30th ANNUAL REPORT
together with the Audited Financial Statements and Auditors' report thereon for the year
ended on 31st March, 2025.
1. FINANCIAL PERFORMANCE OF THE COMPANY:
The Financial Results of the Company for the year ended on 31st March, 2025
are as follows:
(Amount in Lakhs)
Particulars |
Year ended March 31, 2025 |
Year ended March 31, 2024 |
Revenue from Operations |
128.68 |
1812.94 |
Other Income |
21.44 |
16.76 |
Total Revenue |
150.13 |
1829.70 |
Total Expenditure |
130.09 |
1683.71 |
Profit/(Loss) before Prior Period Items & tax |
20.04 |
145.99 |
Less: Prior period Items |
- |
- |
Profit/(Loss) Before Tax |
20.04 |
145.99 |
Less: Taxes |
5.04 |
36.74 |
Deferred tax charge (credit) |
1.45 |
- |
Profit /(Loss) After Tax |
13.54 |
109.25 |
Earnings Per Share (Face Value of Rs.10) |
|
|
(1) Basic |
0.10 |
0.48 |
(2) Diluted |
0.10 |
0.48 |
2. REVIEW OF OPERATIONS:
The Company is engaged in the business of providing real estate construction and
engineering focused solutions. The total income of the Company during the year under
review was Rs. 150.13 (Amount in Lakhs) as compared to Rs. 1829.70 (Amount in Lakhs)
during the previous year. During the year under review the Company has earned net profit
of Rs 13.54 (Amount in Lakhs) compared to profit of Rs. 109.25 (Amount in Lakhs) during
previous year.
3. CASH FLOW STATEMENTS
As required under regulation 34 of the SEBI (LODR) Regulations, 2015, a Cash Flow
Statement forms part of Annual Report.
4. DIVIDEND
With a view to conserve resources, the Company has not declared any dividend for the
financial year ended on 31st March, 2025.
5. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013
The Board has decided not to transfer any amount to the Reserves for the year under
review.
6. TRANSFER OF UNCLAIMED / UNPAID AMOUNTS TO THE INVESTOR EDUCATION AND PROTECTION
FUND:
The Ministry of Corporate Affairs under Sections 124 and 125 of the Companies Act, 2013
requires dividends that are not encashed/ claimed by the shareholders for a period of
seven consecutive years, to be transferred to the Investor Education and Protection Fund
(IEPF). In FY 2024-25, there was no amount due for transfer to IEPF.
There were no amounts which were required to be transferred by the Company to the
Investor Education and Protection Fund.
7. SHARE CAPITAL:
The authorized share capital of the company is Rs. 14,00,00,000/- divided into
1,40,00,000 equity shares of Rs. 10/-
The paid-up Equity Share Capital as on 31st March, 2025 was Rs.
13,20,33,960/-. The Company has not issued shares with differential voting rights nor
granted stock options nor sweat equity.
Company has appointed M/s Bigshare Services Private Limited as the Registrar and
Transfer Agent of the Company.
8. CHANGE IN NATURE OF BUSINESS, IF ANY
There has been no change in nature of business of the Company during the FY under
review.
9. DISCLOSURES BY DIRECTORS
The Board of Directors has submitted notice of interest in Form MBP 1 under Section
184(1) as well as intimation by directors in Form DIR 8 under Section 164(2) and
declarations as to compliance with the Code of Conduct of the Company.
10. JOINT VENTURES, SUBSIDIARIES AND ASSOCIATE COMPANIES:
The Company does not have any joint ventures, subsidiaries and associates as on the
financial year ended 31st March, 2025.
11. MATERIAL CHANGES AND COMMITMENTS. IF ANY, AFFECTING THE FINANCIAL POSITION OF THE
COMPANY FROM THE CONCLUSION OF THE FINANCIAL YEAR TILL THE DATE OF THIS REPORT:
There have been no material changes or commitments, affecting the financial position of
the Company have occurred between the end of the financial year of the Company, to which
the financial statements relate, i.e. 31st March, 2025 and the date of the
Board's Report.
12. CHANGE IN SHARE CAPITAL:
There was no change in Share Capital for the period under review.
13. CHANGE IN REGISTERED OFFICE
During the under review, there were no changes in the Registered Office of the Company.
14. FAMILIARISATION PROGRAMME FOR DIRECTORS
As a practice, all Directors (including Independent Directors) inducted to the Board go
through a structured orientation programme. Presentations are made by Senior Management
giving an overview of the operations, to familiarise the new Directors with the Company's
business operations. The Directors are given an orientation on the products of the
business, group structure and subsidiaries, Board constitution and procedures, matters
reserved for the Board, and the major risks and risk management strategy of the Company.
15. DEPOSITS:
The Company has not accepted any deposit within the meaning of Section 73 of the
Companies Act, 2013 during the period under review.
16. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES
ACT, 2013:
Particulars of loans given, investments made, guarantees given and securities provided
are provided in the financial statements.
17. EXTRACT OF ANNUAL RETURN:
The Annual Return of the Company as on 31st March, 2025 is available on the
website of the Company at www.shreeshay.com
18. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Management Discussion and Analysis Report as required under Regulation 34 and Schedule
V of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 forms an
integral part of this Report, and provides adequately with the Company's current working
and future outlook of the Company as per Annexure - 1 to this report.
19. CONTRACTS OR AGREEMENTS WITH RELATED PARTIES:
All transactions entered into with related parties as defined under the Act during the
FY were in the ordinary course of business and on an arm's length pricing basis and do not
attract the provisions of Section 188 of the Act. There were no materially significant
transactions with the related parties during the FY which were in conflict with the
interest of the Company.
20. PARTICULARS OF EMPLOYEES, MANAGEMENT REMUNERATION:
The information required under Section 197 & Rule 5 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 is given below.
a) The median remuneration of employees of the Company during the financial year is Rs.
2,40,000
b) Percentage increase/decrease in the median remuneration of employees in the
financial year 2024-25: NA
c) Number of permanent employees on the rolls of the Company as on March 31, 2025: 4
d) It is hereby affirmed that the remuneration paid during the year is as per the
Remuneration policy of the Company.
e) There is no employee covered under the provisions of section 197(14) of the
Companies Act, 2013.
There was no employee in the Company who drew remuneration of Rs. 1,00,00,000/ - per
annum during the period under review. Hence, the Company is not required to disclose any
information as per Rule 5(2) of the Companies (Appointment and Remuneration) Rules, 2014.
21. POLICIES UNDER SECTION 178:
Policy on directors' appointment and remuneration including criteria for determining
qualifications, positive attributes, independence of a director and other matters provided
under sub-section (3) of section 178 is made available on the Company's website i.e.
www.shreeshay.com for the ready reference of the stakeholders of the Company. The
following policies of the company are attached herewith:
Annexure - 3 Policy on appointment of Directors and Senior Management Annexure - 4
Policy on Remuneration to Directors
Annexure - 5 Policy on Remuneration of Key Managerial Personnel and Employees
22. AUDITORS:
? Statutory Auditors
Pursuant to the provisions of Section 139 and all other applicable provisions, if any,
of the Companies Act, 2013 and the Companies (Audit and Auditors Rules, 2014, as amended
from time to time, the Company has appointed B.B. Gusani & Associates, Chartered
Accountants (FRN No. 140785W), as Auditors of the Company to hold office from the
conclusion of 28th Annual General Meeting (AGM) till the conclusion of the 33th
Annual General Meeting to be held in the year 2028, as approved by the Shareholders of the
Company.
? Secretarial Audit
M/s Ferrao MSR and Associates, Company Secretaries, were appointed as Secretarial
Auditors of the Company for the financial year 2024-25 pursuant to the provisions of
Section 204 of the Companies Act, 2013.
The Secretarial Audit Report submitted by them in prescribed form MR-3 is attached as
Annexure - 2 to this report.
? Auditor Qualifications
The Auditor's Report and Secretarial Auditor's Report does not contain any
qualifications, reservations or adverse remarks. Reports of the Auditors are given as an
Annexure which forms part of this report.
? Cost Audit
The Company does not fall within the provisions of Section 148 of the Companies Act,
2013, as read with the Companies (Cost Records and Audit) Rules, 2014. Therefore, the
maintenance of cost records and the applicability of cost audits, as specified by the
Central Government under Section 148 of the Companies Act, 2013, are not applicable to the
Company.
? Internal Auditor:
The Board of Directors, based on the recommendation of the Audit Committee and pursuant
to the provisions of section 138 of the Act read with the Companies (Accounts) Rules,
2014, has appointed M/s. DGMS & Co. Chartered Accountants, Mumbai (FRN: 0112187W) as
the Internal Auditors of your Company for the financial year 2024-25 & 2025-26. The
Internal Auditor conducts the internal audit of the functions and operations of the
Company and reports to the Audit Committee and Board.
23. DIRECTORS AND KEY MANAGERIAL PERSONNEL:
i. Change in Directors
During the year under review and as on the date of Report no changes took place in the
Board Structure:
ii. Retirement by Rotation of the Directors
In accordance with the provisions of the Companies Act, 2013 and the Articles of
Association of the Company, Mr. Jignesh Thobhani, (Din: 07702512), Director of the
Company, retires by rotation and offers himself for re- appointment.
The brief resume of Mr. Jignesh Thobhani, the nature of his expertise in specific
functional areas, names of the companies in which he has held directorships, her
shareholding etc. are furnished in the Annexure - A to the notice of the ensuing AGM.
iii. Independent Directors
Our Company has received annual declarations from all the Independent Directors of the
Company confirming that they meet with the criteria of Independence provided in Section
149(6) of the Companies Act, 2013 and Regulations 16(1) (b) & 25 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and there has been no change in
the circumstances, which may affect their status as Independent Director during the year.
The Independent Directors met on 28th March, 2025, without the attendance of
Non-Independent Directors and members of the Management. The Independent Directors
reviewed the performance of Non-Independent Directors and the Board as a whole; the
performance of the Chairman of the Company, taking into account the views of Executive
Directors 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.
iv. Key Managerial Personnel:
During the year under review and as on date of report, following are the Key Managerial
Personnel of the Company:
a) Mr. Jignesh Thobhani- Managing Director
b) Ms. Jayesh Merchant Vijay - Company Secretary & Compliance Officer
c) Mr. Dipsinh Ranjitsinh Solanki — Chief Financial Officer
There were changes in the Key Managerial Personnel during the year.
24. BOARD MEETINGS:
The Board of Directors, during the year 2024-25 met Five (5) times on 24/04/2024,
24/05/2024, 28/08/2024, 11/11/2024 and 15/02/2025.
Proper notices were given and the proceedings were properly recorded and signed in the
Minutes Book maintained for the purpose. There was no leave of absence at any of the
aforementioned meetings.
25. COMMITTEES OF THE BOARD:
1. COMMITTEES OF THE BOARD:
(a) Audit Committee:
The Audit Committee, as per Section 177 of Companies Act, 2013, continued working under
Chairmanship of Mr. Manish Pande. During the year the committee met (4) Four times with
full attendance of all the members. The composition of the Audit Committee as at March 31,
2025 and details of the Members participation at the Meetings of the Committee are as
under:
Name of Director |
Category |
Position in the committee |
Attendance at the Audit Committee Meetings held on |
| 24/04/2024 |
24/05/202 4 |
28/08/202 4 |
11/11/2024 |
Mr. Manish Pande |
Independent Director |
Chairman |
Yes |
Yes |
Yes |
Yes |
Ms. Himani Bhootra |
Independent Director |
Member |
Yes |
Yes |
Yes |
Yes |
Mr. Jignesh Thobhani |
Executive Director |
Member |
Yes |
Yes |
Yes |
Yes |
The Committee is governed by a Charter which is in line with the regulatory
requirements mandated by the Companies Act, 2013. Some of the important functions
performed by the Committee are:
Financial Reporting and Related Processes:
• Oversight of the Company's financial reporting process and financial information
submitted to the Stock Exchanges, regulatory authorities or the public.
• Reviewing with the Management, the Half Yearly Unaudited Financial Statements
and the Auditor's Limited Review Report thereon / Audited Annual Financial Statements and
Auditors' Report thereon before submission to the Board for approval. This would, inter
alia, include reviewing changes in the accounting policies and reasons for the same, major
accounting estimates based on exercise of judgement by the Management, significant
adjustments made in the Financial Statements and / or recommendation, if any, made by the
Statutory Auditors in this regard.
• Review the Management Discussion & Analysis of financial and operational
performance.
• Discuss with the Statutory Auditors its judgement about the quality and
appropriateness of the Company's accounting principles with reference to the Accounting
Standard Policy.
• Review the investments made by the Company.
All the Members on the Audit Committee have the requisite qualification for appointment
on the Committee and possess sound knowledge of finance, accounting practices and internal
controls.
The Auditors, Internal Auditors, Chief Financial Officer are invited to attend the
meetings of the Committee. The Company Secretary acts as the Secretary to the Committee.
Mr. Manish Pande, the Chairman of the Committee, was present at the last Annual General
Meeting (AGM) held on Thursday, September 26, 2024'.
(b) Nomination and Remuneration Committee:
The Nomination and Remuneration Committee, as per Section 178(1) of Companies Act,
2013, continued working under Chairmanship of Mr. Manish Pande. During the year, the
committee met One (1) time with full attendance of all the members. The composition of the
Nomination and Remuneration Committee as at March 31, 2025 and details of the Members
participation at the Meetings of the Committee are as under:
Name of Director |
Category |
Position in the committee |
Attendance at the Nomination and Remuneration Committee Meetings held on |
| 24/04/2024 |
Mr. Manish Pande |
Independent Director |
Chairman |
Yes |
Ms. Priyanka Moondra Rathi |
Independent Director |
Member |
Yes |
Ms. Himani Bhoothra |
Independent Director |
Member |
Yes |
The terms of reference of the Committee as per Companies Act 2013 and SEBI (LODR) 2015,
include the following:
• Formulation of the criteria for determining qualifications, positive attributes
and independence of a director and recommend to the board of directors a policy relating
to, the remuneration of the directors, key managerial personnel and other employees;
• For every appointment of an independent director, the Nomination and
Remuneration Committee shall evaluate the balance of skills, knowledge and experience on
the Board and on the basis of such evaluation, prepare a description of the role and
capabilities required of an independent director. The person recommended to the Board for
appointment as an independent director shall have the capabilities identified in such
description. For the purpose of identifying suitable candidates, the Committee may:
a) Use the services of an external agencies, if required;
b) Consider candidates from a wide range of backgrounds, having due regard to
diversity; and
c) Consider the time commitments of the candidates.
• Formulation of criteria for evaluation of performance of independent directors
and the board of directors;
• Devising a policy on diversity of board of directors;
• Identifying persons who are qualified to become directors and who may be
appointed in senior management in accordance with the criteria laid down, and recommend to
the board of directors their appointment and removal.
• Whether to extend or continue the term of appointment of the independent
director, on the basis of the report of performance evaluation of independent directors.
• Recommend to the board, all remuneration, in whatever form, payable to senior
management.
The Company has formulated a policy, detailed in the Board's Report as follows:
• Annexure 3: Policy on Appointment of Directors and Senior Management
• Annexure 4: Policy on Remuneration to Directors
• Annexure 5: Policy on Remuneration of Key Managerial Personnel and Employees
(c) Stakeholders Relationship Committee:
The Stakeholders Relationship Committee, as per Section 178 (5) of Companies Act, 2013,
continued working under Chairmanship of Mr. Manish Pande. The Committee is governed by a
Charter, which is in line with the regulatory requirements mandated by the Companies Act,
2013. During the year, the committee met one (1) time with full attendance of all the
members. The composition of the Stakeholders Relationship Committee as at March 31, 2024
and details of the Members participation at the Meetings of the Committee are as under:
Name of Director |
Category |
Position in the committee |
Attendance at the Stakeholders' Relationship Committee held on
24.04.2025 |
Mr. Manish Pande |
Independent Director |
Chairperson |
Yes |
Ms. Himani Bhootra |
Independent Director |
Member |
Yes |
Mr. Jignesh Thobhani |
Executive Director |
Member |
Yes |
The terms of reference of the Committee are:
• Resolving the grievances of the security holders of the listed entity including
complaints related to transfer/transmission of shares, non-receipt of annual report,
non-receipt of declared dividends, issue of new/duplicate certificates, general meetings
etc.
• Review of measures taken for effective exercise of voting rights by
shareholders.
• Review of adherence to the service standards adopted by the listed entity in
respect of various services being rendered by the Registrar & Share Transfer Agent.
• Review of the various measures and initiatives taken by the listed entity for
reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend
warrants/annual reports/statutory notices by the shareholders of the company.
During the year, no complaints were received from shareholders. There are no balance
complaints. The Company had no share transfers pending as on March 31, 2025.
Ms. Jayesh Merchant Vijay, Company Secretary and Compliance Officer of the Company.
26. BOARD'S PERFORMANCE EVALUATION:
The Board of Directors carried out an annual evaluation of the Board itself, its
Committees and individual Directors. The entire Board carried out performance evaluation
of each Independent Director excluding the Independent Director being evaluated. The
Nomination Remuneration Committee also carried out evaluation of every director's
performance.
The evaluation was done after taking into consideration inputs received from the
Directors, setting out parameters of evaluation. Evaluation parameters of the Board and
Committees were mainly based on Disclosure of Information, Key functions of the Board and
Committees, Responsibilities of the Board and Committees, etc. Evaluation parameters of
Individual Directors including the Chairman of the Board and Independent Directors were
based on Knowledge to Perform the Role, Time and Level of Participation, Performance of
Duties and Level of Oversight and Professional Conduct etc.
Independent Directors in their separate meeting evaluated the performance of
Non-Independent Directors, Chairman of the Board and the Board as a whole
27. CORPORATE SOCIAL RESPONSIBILITY
The Company does not fall under the criteria laid under the provisions of Section 135
of the Companies Act 2013 and rules framed there under for the year ended 31st
March 2025. Therefore, the provisions of Corporate Social Responsibility are not
applicable to the Company during the period.
28. INDEPENDENT DIRECTORS
The Independent Directors of the Company meet without the presence of the Chairman,
Managing Director / Chief Executive Officer, other Non- Independent Director, Chief
Financial Officer, Company Secretary and any other Management Personnel. This Meeting is
conducted to enable the Independent Directors to, inter-alia, discuss matters pertaining
to review of performance of NonIndependent Directors and the Board as a whole, review the
performance of the Chairman of the Company (taking into account the views of the Executive
and Non-Executive Directors), assess 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 its duties. One meeting of Independent Directors was
held on March 28th, 2025. The said meeting was attended by all Independent
Directors of the Company.
29. DIRECTORS' RESPONSIBILITY STATEMENT;
Pursuant to the requirement of Section 134(5) of the Act, and based on the
representations received from the management, the directors hereby confirm to the best of
their knowledge that:
i. In the preparation of annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures.
ii. 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 at the end of the financial year and of the Profit
of the Company for that period.
iii. They have 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;
iv. They have prepared the annual financial statements on going concern basis.
v. Proper internal financial controls are in place in the Company and that such
internal financial controls are adequate and are operating effectively.
vi. They have devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.
30. FORMAL ANNUAL EVALUATION PROCESS BY THE BOARD AND DECLARATIONS BY INDEPENDENT
DIRECTORS:
Pursuant to the provisions of the Companies Act, 2013 and Rules made thereunder, the
Board has carried the evaluation of its own performance, individual Directors, its
committees, including the Chairman of the Board on the basis of attendance, contribution
and various criteria as recommended by the Nomination and Remuneration Committee of the
Company. The evaluation of the working of the Board, its committees, experience and
expertise, performance of specific duties and obligations etc. were carried out. The
Directors expressed their satisfaction with the evaluation process and outcome. The
Company has received declarations from each of the Independent Directors confirming that
they meet the criteria of independence as provided in sub-section 6 of Section 149 of the
Companies Act, 2013. The performance of each of the non-independent directors (including
the Chairman) was also evaluated by the Independent Directors at the separate meeting held
of Independent Directors of the Company.
The Independent Directors of the Company viz. Mr. Manish Pande, Ms. Himani Bhootra and
Mrs. Priyanka Moondra Rathi have given declarations to the Company that they qualify the
criteria of independence as prescribed under Section 149 (6) read with Schedule IV of the
Companies Act, 2013 and Regulation 16(1) (b) of the SEBI (Listing Obligations and
Disclosure Requirement) Regulations, 2015.
31. CORPORATE GOVERNANCE:
Since the Company' securities are listed on SME Exchange of BSE, by virtue of
Regulation 15 of SEBI (Listing Obligations & Disclosure Requirements) Regulations,
2015 the compliance with the corporate governance provisions as specified in regulations
17 to 27 and clauses (b) to (i) of subregulation (2) of regulation 46 and para-C, D and E
of Schedule V are not applicable to the Company. Hence Corporate Governance does not form
part of this Directors' Report.
32. CODE OF CONDUCT:
The Company has adopted Code of Conduct ("the Code/s") for its Directors,
Independent Directors, Senior Management and employees. These Codes enunciate the
underlying principles governing the conduct of the Company's business and seek to
reiterate the fundamental precept that good governance must and would always be an
integral part of the Company's ethos. The Company has for the year under review, received
declarations under the Codes from the Board members including Independent Directors of the
Company affirming compliance with the respective Codes.
33. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:
The Company has adopted an internal control system considering the nature of its
business and the size and complexity of operations. The Board has adopted the policies and
procedures for ensuring the orderly and efficient conduct of its business, including
adherence to the Company's policies, the safeguarding of its assets, the prevention and
detection of frauds and errors, the accuracy and completeness of the accounting records
and the timely preparation of reliable financial disclosures etc.
Systems and procedures are periodically reviewed to keep pace with the growing size and
complexity of your company's operations.
The internal auditor assesses opportunities for improvement of business processes,
systems and controls, to provide recommendations, which can add value to the organization.
34. RISK MANAGEMENT POLICY:
Your company has developed and implemented a Risk Management Policy pursuant to Section
134(3) (n) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014,
which includes identification of elements of risk, if any, which in the opinion of the
Board, may threaten the existence of the Company.
The risk management process is designed to safeguard the organisation from various
risks through adequate and timely action. It is designed to anticipate, evaluate and
mitigate risks in order to minimise its impact on the business. The risk management
framework of the Company is appropriate compared to the size of the Company and the
environment under which the Company operates.
At present, in the opinion of the Board there is no identification of Risk element that
may threaten the existence of the Company.
35. HUMAN RESOURCES:
Your Company lays a lot of emphasis in the training and development of skills of human
resources. The Employer relations with staff throughout the year continued to remain
cordial.
36. VIGIL MECHANISM:
The Company has established a vigil mechanism system by adopting Whistle Blower Policy.
The same is available on the Company's website www.shreeshay.com.
37. LISTING:
Shreeshay Engineers Limited is listed on the SME Platform of the BSE Limited. It has
paid the Annual Listing Fees for the year 2024-25 to BSE Limited.
38. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:
The information on conservation of energy, technology absorption and foreign exchange
earnings and out go stipulated under Section134 (3)(m) of the Companies Act, 2013 read
with Rule, 8 of The Companies (Accounts) Rules, 2014, are enumerated as below:
I- Conservation of Energy:
1. The steps taken or impact on conservation of energy: -
The Company has taken measures and applied strict control system to monitor day to day
power consumption, to endeavour to ensure the optimal use of energy with minimum extent
possible wastage as far as possible. The day-to-day consumption is monitored and various
ways and means are adopted to reduce the power consumption in an effort to save energy.
2. The steps taken by the company for utilizing alternate sources of energy.
The Company has not taken any step for utilizing alternate sources of energy.
3. The capital investment on energy conservation equipments.
The Company has not made any capital investment on energy conservation equipments.
II- Technology Absorption:
a) The efforts made towards technology absorption. - Minimum technology required for
Business is absorbed.
b) The benefits derived like product improvement, cost reduction, product development
or import substitution - Not Applicable.
c) In case of imported technology (imported during the last three years reckoned from
the beginning of the financial year) - Not Applicable.
1. the details of technology imported;
2. the year of import;
3. whether the technology been fully absorbed;
4. if not fully absorbed, areas where absorption has not taken place, and the reasons
thereof
III- The expenditure incurred on Research and Development — Not Applicable.
IV- Foreign Exchange Earning and Outgo:
The details of Foreign exchange Earnings and outgo during the year are as
follows:
Particulars |
2024-25 |
2023-24 |
Foreign Exchange Earnings (Rs.) |
NIL |
NIL |
Foreign Exchange Outgo (Rs.) |
NIL |
NIL |
39. INDUSTRIAL RELATIONS:
The Company's Industrial relations with its employees continued to be cordial
throughout the year under review. Your Directors wish to place on record their
appreciation for the excellent team work with which the workers and officers of the
Company at all levels have contributed individually and collectively to the performance of
the Company.
40. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION & REDRESSAL) ACT, 2013:
There are only four employees in the company thus it not requires to constitute
Internal Complaints Committee (ICC) pursuant to the legislation ‘Prevention,
Prohibition and redressal of Sexual Harassment of Women at Workplace Act, 2013 as the same
is not applicable on the company.
41. STATEMENT ON MATERNITY BENEFIT COMPLIANCE:
The Company declares that it has duly complied with the provisions of the Maternity
Benefit Act, 1961. All eligible women employees have been extended the statutory benefits
prescribed under the Act, including paid maternity leave, continuity of salary and service
during the leave period, and postmaternity support such as nursing breaks and flexible
return-to-work options, as applicable. The Company remains committed to fostering an
inclusive and supportive work environment that upholds the rights and welfare of its women
employees in accordance with applicable laws.
42. GENDER-WISE COMPOSITION OF EMPLOYEES
In alignment with the principles of diversity, equity, and inclusion (DEI), the Company
discloses below the gender composition of its workforce as on the March 31, 2025.
Male Employees: 2 Female Employees: 1 Transgender Employees:0
This disclosure reinforces the Company's efforts to promote an inclusive workplace
culture and equal opportunity for all individuals, regardless of gender.
43. COMPLIANCE WITH SECRETARIAL STANDARDS:
In terms of Section 118(10) of the Act, the Company is complying with the Secretarial
Standards issued by the Institute of Company Secretaries of India and approved by Central
Government with respect to Meetings of the Board of Directors and General Meetings.
44. PREVENTION OF INSIDER TRADING:
In compliance with the provisions of the Securities and Exchange Board of India
(Prohibition of Insider Trading) Regulations, 2015, as amended, the Company has formulated
and adopted the revised "Code of Conduct for Prevention of Insider Trading"
("the Insider Trading Code"). The object of the Insider Trading Code is to set
framework, rules and procedures which all concerned persons should follow, while trading
in listed or proposed to be listed securities of the Company. During the year, the Company
has also adopted the Code of Practice and Procedures for Fair Disclosure of Unpublished
Price Sensitive Information ("the Code") in line with the SEBI (Prohibition of
Insider Trading) Amendment Regulations, 2018. The Code is available on the Company's
website www.shreeshay.com
45. SIGNIFICANT AND MATERIAL ORDERS:
There are no significant and material orders passed by the Regulators or Courts or
Tribunals impacting the going concern status and Company's operations in future.
46. FRAUD REPORTING
There have been no frauds reported by the Auditors of the Company to the Audit
Committee or the Board of Directors under sub-section (12) of section 143 of the Companies
Act, 2013 during the financial year
47. DISCLOSURES:
The following disclosures are not applicable to the company:
1. The details of application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end
of the financial year.
2. The details of difference between amount of the valuation done at the time of
one-time settlement and the valuation done while taking loan from the Banks or Financial
Institutions along with the reasons thereof.
48. ACKNOWLEDGEMENTS:
Your Directors wish to place on record their sincere appreciation for the excellent
assistance and cooperation received from the Governmental authorities, the banks and
financial institutions, customers, vendors, workers, officers, staff and investors for
their continued support during the year.
Registered Office: |
By Order Of The Board Of Directors |
Shop No. F-04, 1st floor, Eternity Mall, |
FOR SHREESHAY ENGINEERS LIMITED |
Naupada, Teen Haath Naka, LBS Marg, |
|
Wagle I.E., Thane, |
Sd/- |
Maharashtra, India, 400604 |
JIGNESH THOBHANI |
Tel : 022 25082300, 25082400 |
(Managing Director) |
CIN: L67190MH1995PLC087145 |
Din: 07702512 |
Website: www.shreeshay.com |
Thane, Monday, August 04, 2025 |
Email: info@shreeshay.com |
