Dear Members,
Your Directors are pleased to present 33rd Annual Report along with the
Audited Financial Statements of your Company for the financial year ended on 31st
March, 2025.
FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY:
The Board's Report shall be prepared based on the financial statements of the company.
(Rs. In Lakhs)
| Particulars |
For the year ended March 31, 2025 |
For the year ended March 31, 2024 |
| Revenue from operation |
205.30 |
227.64 |
| Other Income |
4.07 |
0.024 |
| Total Revenue |
209.37 |
227.67 |
| Total Expense (Excluding Depreciation) |
203.81 |
223.17 |
| Gross Profit before depreciation and tax |
5.73 |
5.018 |
| Depreciation |
0.17 |
0.521 |
| Net Profit before tax |
5.56 |
4.497 |
| Tax Expense |
1.40 |
1.132 |
| Net Profit After Tax |
4.16 |
3.365 |
| Balance of Profit brought forward |
104.78 |
102.09 |
| Balance available for appropriation |
4.16 |
3.365 |
| Proposed Dividend on Equity Shares |
Nil |
Nil |
| Tax on proposed Dividend |
Nil |
Nil |
| Transfer to General Reserve |
0.83 |
0.67 |
| Surplus carried to Balance Sheet |
108.11 |
104.78 |
| Earning Per Shares (EPS) Basic |
0.023 |
0.018 |
| Diluted |
0.023 |
0.018 |
STATE OF COMPANY'S AFFAIRS & FUTURE OUTLOOKS:
During the year under review, the Company has generated total revenue of Rs. 209.37
Lakhs as compared to the previous financial year which was Rs. 227.67 Lakhs. The Company
has achieved net profit of Rs. 4.16 Lakhs as compared to the previous financial year which
was Rs. 3.365 Lakhs.
Your Board of directors are continuously looking for new avenues for future growth of
the Company.
MANAGEMENT DISCUSSION AND ANALYSIS:
In terms of provisions of Regulation 34 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management's
Discussion and Analysis is provided as a separate section forming part of the Annual
Report.
DIVIDEND:
In order to conserve the resources and for further growth, the Company does not propose
to pay any dividend.
DEPOSITS:
The Company has not accepted any fixed deposits during the year to which the provisions
of Section 73 of the Companies Act, 2013 are applicable.
AMOUNT TRANSFER TO RESERVE:
During the FY 2024-2025, the Company has transferred an amount of Rs. 0.83 Lakhs/-
(P.Y. of Rs 0. 67 Lakhs/-) equivalent to 20% of profit after tax of the Company to special
reserve account in compliance with Section 45 IC of the RBI Act.
SHARE CAPITAL:
The Share capital of the Company as on March 31, 2025 was Rs. 18,40,34,850/-. During
the year under review, the Company neither issued any shares with differential voting
rights nor granted stock options and sweat equity. As on March 31, 2025 none of the
Directors of the Company holds instrument convertible into equity shares of the Company.
ANNUAL RETURN:
As required pursuant to section 92(3) of the Companies Act, 2013 read with Section
134(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and
Administration) Rules, 2014, the Annual Return as on March 31, 2025 is available on the
website of the company -Web address: https://sungoldcapitallimited.com
CHANGE IN NATURE OF BUSINESS
There were no changes in the nature of business during the year under review PARTICULARS
OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
As company is an NBFC and engaged in business of loan and advance, Section 186 is not
applicable to the Company by virtue of exemption given in subsection (11) of section 186.
BOARD POLICIES
The details of various policies approved and adopted by the Board as required under the
Act and SEBI Listing Regulations are provided in Annexure - IA to this report.
RELATED PARTY TRANSACTIONS:
There were no materially significant related party transactions which could have had a
potential conflict with the interests of the Company. Transactions with related parties
are in the ordinary course of business on arm's length and are periodically placed before
the Audit Committee and Board for its approvals and the particulars of contracts entered
during the year 2024-25, in Form AOC-2 is enclosed as Annexure - IB.
The policy on related party transactions and dealing with related party transactions is
available on the website of the Company at the below link:
http://sungoldcapitallimited.com/wp-content/uploads/2024/03/8.-POLICY-ON-MATERIALITY-OF-RTP-AND-ON-
DEALING-WITH-RTP.pdf
DETAILS OF HOLDING/SUBSIDIARY/IOINT VENTURES/ASSOCIATE COMPANIES:
There was no Holding/Subsidiary/Joint Ventures/Associate Companies during the FY
2024-25.
PERFORMANCE AND FINANCIAL POSITION OF EACH OF THE SUBSIDIARIES. ASSOCIATES AND JOINT
VENTURE COMPANIES
Your Company does not have any subsidiary(s), associate(s) and/or joint venture(s)
company. Accordingly, this information is not applicable on your Company.
CORPORATE SOCIAL RESPONSIBILITY:
The present financial position of the Company does not mandate the implementation of
CSR activities pursuant to the provisions of Section 135 and Schedule VII of the Companies
Act, 2013. The Company will constitute CSR Committee, develop CSR policy and implement the
CSR initiatives whenever it is applicable to the Company.
MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION OF THE COMPANY BETWEEN
THE END OF THE FINANCIAL YEAR AND THE DATE OF REPORT
There have been no material change and commitments affecting the financial position of
the Company from the end of the financial year up to the date of this Report.
CHANGE IN PLACE OF MAINTAINING BOOKS OF ACCOUNTS
The Members are hereby informed that the consent of Board was obtained by the Company
to maintain its Books of accounts at the Registered office of the Company. Further, it is
also informed that, the Company does not have any Corporate office of the Company, and
will operate from its Registered office.
MATERIAL EVENTS
During the period under the review there has been no material events taken place in the
company.
PARTICULARS OF EMPLOYEES:
There was no employee drawing remuneration in excess of limits prescribed under section
197 of the Companies Act, 2013 read with Rule 5(2) & 5(3) of the Companies
(Appointment and Remuneration of Remuneration Managerial Personnel) Rules, 2014.
DIRECTORS & KEY MANAGERIAL PERSONNEL:
In accordance with the provisions of Section 152 of the Companies Act, 2013 and the
Articles of Association of the Company, Mr.Bakulesh Oza, retires by rotation at the
ensuing Annual General Meeting. The Board of Directors, based on the recommendation of the
Nomination and Remuneration Committee, has recommended their appointment as
re-designation.
There were no changes in the Directors of the Company during the Financial Year
2024-2025 except:
| Name of Director |
Designation |
Date of appointment |
Date of Resignation/Retirement |
| 1 Uma Maheswararao Sikhinam |
Indpendent Director |
21/08/2014 |
08/07/2024 |
| 2 Karishma Ruturaj Kaku |
Women Indpendent Director |
14/08/2015 |
05/07/2024 |
| 3 Rajesh Narayan Pillai |
Non- Executive Director |
04/09/2016 |
05/07/2024 |
| 4 Moksha Shah |
Women Indpendent Director |
05/07/2024 |
- |
| 5 Bakulesh Oza |
Non- Executive Director |
05/07/2024 |
- |
| 6 Avinash Nolkha |
Indpendent Director |
05/07/2024 |
17/06/2025 |
| 7 Subodh Kumar Singh |
Indpendent Director |
17/06/2025 |
- |
After resigning from position of Company Secretary and Compliance Officer of the
Company on 07.11.2024, Ms. Shruti Asati (Membership No. - ACS 63929) has been again
appointed as the Company Secretary, Compliance Officer and Key Managerial Personnel (KMP)
of the Company with effect from February 06, 2025.
None of the other Directors of the Company are disqualified under Section 164 of
Companies Act, 2013.
POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION
The current policy is to have an appropriate mix of executive and independent directors
to maintain the independence of the Board and separate its functions of governance and
management. The policy of the Company on directors' appointment and remuneration,
including criteria for determining qualifications, positive attributes, independence of a
director and other matters, as required under sub-section (3) of Section 178 of the
Companies Act, 2013, is available on the website of the Company at the below link.
http://sungoldcapitallimited.com/wp-content/uploads/2024/03/12.-NOMINATION-AND-REMUNERATION-POLICY.pdf
We reviewed the policy in the fiscal year. We affirm that the remuneration paid to the
directors is as per the terms laid out in the nomination and remuneration policy of the
Company.
DECLARATION BY AN INDEPENDENT DIRECTOR:
All the Independent Directors have given declaration that they meet the criteria of
independence as laid down under Section 149 (6) of the Companies Act, 2013 and Regulation
16 of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015.
BOARD EVALUATION:
Pursuant to the provisions of the Companies Act, 2013 and regulation 17 (10) of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has
carried out an annual performance evaluation of Independent Directors, Board, Committees
and other individual Directors, process of performance evaluation has been carried out as
per Nomination and Remuneration Policy.
MEETINGS:
Your Board met 7 (seven) times during the year under review. The intervening gap
between the meetings did not exceed 120 days, as prescribed under the Act and SEBI Listing
Regulations.
During the Financial Year 2024-2025, No Extra Ordinary General Meetings of the Company
was held.
During the Financial Year 2024-25, 32nd Annual General Meeting of the
Company was held on Tuesday, September 10, 2024 at 10.00 A.M. at the registered office of
the company.
The details of Board meetings and the attendance of the Directors are provided in the
Corporate Governance Report, which forms part of this Annual Report.
COMMITTEES OF THE BOARD:
A. AUDIT COMMITTEE
The Audit Committee of the Company is constituted in line with the provisions of
section 177 of the Companies Act, 2013 to be read with Regulation 18 of the SEBI (Listing
Obligation & Disclosure Requirement) Regulation, 2015.
The Composition of Audit Committee is given in the Corporate Governance Report which
forms the integral part of this Annual Report.
B. NOMINATION & REMUNERATION COMMITTEE
The Nomination & Remuneration Committee of the Company is constituted in line with
the provisions of section 178 of the Companies Act, 2013 to be read with Regulation 19 of
the SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015.
The Composition of the Committee is given in the Corporate Governance Report which
forms the integral part of this Annual Report.
C. STAKEHOLDERS' RELATIONSHIP COMMITTEE
The Stakeholders' Relationship Committee of the Company is constituted in line with the
provisions of section 178 of the Companies Act, 2013 to be read with Regulation 20 of the
SEBI (Listing Obligation & DisclosureRequirement) Regulation, 2015.
The Composition of the Committee as on 31.03.2025 is given in the Corporate Governance
Report which forms the integral part of this Annual Report.
Further, the Composition of the Committee as on the date of this Board Report is
updated on the website of the Company at https://sungoldcapitallimited.com/management/
VIGIL MECHANISM/WHISTLE BLOWER POLICY:
The Company has adopted the whistle blower mechanism for Directors and employees to
report concerns about unethical behavior, actual or suspected fraud, or violation of the
Company's code of conduct and ethics. There has been no change to the Whistle blower
Policy adopted by the Company during the year.
The details of the policy are available on the website of the Company at the below
link:
http://sungoldcapitallimited.com/wp-content/uploads/2024/03/9.-VIGIL-MECHANISM-AND-WHISTLE-BLOWER-POLICY.pdf
STATEMENT OF MATERIAL SUBSIDIARY:
The Company currently does not have any Material Subsidiary. The Policy on
Identification of Material Subsidiaries can be viewed on our website:
http://sungoldcapitallimited.com/wp-content/uploads/2024/03/11.-POLICY-FOR-DETERMINING-MATERIAL-
SUBSIDIARIES.pdf
INDEPENDENT DIRECTORS' MEETING
The Independent Directors met on March 27, 2025, without the attendance of
Non-Independent Directors and members of the management. The Independent Directors
reviewed the performance of Non-Independent Directors, the Committees and your Board as a
whole along with the performance of the Chairman of your 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 management and your Board that
is necessary for your Board to effectively and reasonably perform their duties.
ACCOUNTING METHOD
The Standalone Financial Statements of the Company have been prepared in accordance
with Indian Accounting Standards as notified under Sections 129 and 133 of the Act read
with the Companies (Accounts) Rules, 2014, as amended and other relevant provisions of the
Act. In accordance with the provisions of the Act, applicable Accounting Standards, the
SEBI Listing Regulations, the Audited Standalone Financial Statements of the Company for
the financial year ended March 31, 2025, together with the Auditors' Report form part of
this Annual Report.
The Financial Statements of the Company have been prepared in accordance with Ind AS,
as notified under the Companies (Indian Accounting Standards) Rules, 2015 read with
Section 133 of the Act, as amended from time to time. Further, the Company follows the
Master Directions issued by RBI for NBFCs. The Financial Statements have been prepared on
an accrual basis under the historical cost convention. The Accounting Policies adopted in
the preparation of the Financial Statements have been consistently followed in the
previous year.
RISK MANAGEMENT POLICY AND MITIGATING STEPS:
The Company has identified various risks faced by the Company from different areas
Appropriate Structures are present so that risks are inherently monitored and controlled
inter alia through strict quality assurance measures.
The Company has adequate internal control system and procedures to combat risks. The
risk management procedure is reviewed by the Audit Committee and Board of Directors on
regular basis as and when required. The Policy on Risk Management can be viewed on our
website:
https://sungoldcapitallimited.com/wp-content/uploads/2024/08/26.-RISK-MANAGEMENT-POLICY.pdf
CORPORATE GOVERNANCE REPORT:
The Company is committed to maintain the highest standard of Corporate Governance and
adhere to the Corporate Governance requirements set out by SEBI. The Company has also
implemented several best Corporate Governance Practices as prevalent globally.
Pursuant to Regulation 34 of SEBI (Listing Obligation and Disclosure Requirements),
Regulations, 2015, a Report on Corporate Governance and the Auditors Certificate on
Corporate Governance are annexed to this Report.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
Management Discussion and Analysis Report for the year as stipulated under Regulation
34(3) of the Listing Regulations is separately given and forms part of this Annual Report.
ANNUAL SECRETARIAL COMPLIANCE REPORT
SEBI vide its Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019 read with
Regulation 24(A) of the Listing Regulations, directed listed entities to conduct Annual
Secretarial Compliance Audit from a Practicing Company Secretary of all applicable SEBI
Regulations and circulars/guidelines issued thereunder. The said Secretarial Compliance
report is in addition to the Secretarial Audit Report issued by Practicing Company
Secretaries under Form MR - 3 and is required to be submitted to Stock Exchanges within 60
days of the end of the financial year. The Company has engaged the services of Amruta
Giradkar and Associates (CP No. 19381), Company Secretaries for providing this
certification
APPLICATION/PROCEEDING PENDING UNDER IBC
None of the application has been made or any proceeding is pending under the Insolvency
and Bankruptcy Code, 2016 (31 of 2016) during the year.
OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013
Company has adopted a policy for prevention of Sexual Harassment of Women at workplace
and has updated the same on the website of the company. During the year Company has not
received any complaint of harassment.
DIRECTORS' RESPONSIBILITY STATEMENT
To the best of knowledge and belief and according to the information and explanation
obtained by them, your Directors make the following statements in terms of Section 134(5)
of the Act.
That in the preparation of the annual financial statements, the applicable accounting
standards have been followed along with proper explanation relating to material
departures, if any.
That such accounting policies as mentioned in Notes to the Financial Statements have
been selected and applied consistently and judgments have been made that are reasonable
and prudent so as to give a true and fair view of the state of affairs of the company as
at March 31, 2025 and of the profit or loss of the Company for the financial year ended
March 31, 2025.
That proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities.
That the Annual Financial Statements have been prepared on a going concern basis.
That proper internal financial control was in place and that the financial controls
were adequate and were operating effectively.
That system to ensure compliance with the provisions of all applicable laws and that
such system were adequate and operating effectively.
STATUTORY AUDITORS & AUDITORS' REPORT
At the 31st Annual General Meeting held on September 21, 2023 the Members approved
appointment of M/s. J. Singh & Co., Chartered Accountants (Firm Registration No.
110266W) and (Membership No. 100748) as Statutory Auditors of the Company to hold
office from the Conclusion of 31st Annual General Meeting till the Conclusion
of 36th AGM of the Company, on such terms and remuneration as agreed upon
between the Audit Committee/Board of Directors and the Auditors.
EXPLANATION OR COMMENTS OR QUALIFICATIONS. RESERVATIONS OR ADVERSE REMARKS OR
DISCLAIMERS MADE BY THE AUDITORS
The Statutory Auditor's Report for the FY 2024-2025, does not contain any qualification
, reservation or adverse remark or disclaimer , the same forms part of this Annual Report.
The Statutory Auditors of the company have not reported any matter under Section 143(12)
of the Companies Act, 2013.
Also, The Secretarial Auditors' Report for FY 2024-25 does not contain any
qualification, reservation or adverse remark or disclaimer, the same forms part of this
Annual Report.
DETAILS IN RESPECT OF FRAUDS, IF ANY, REPORTED BY THE AUDITORS
During the year under review, the Statutory Auditors and Secretarial Auditor of your
Company have not reported any instances of fraud committed in your Company by Company's
officers or employees, to the Audit Committee, as required under Section 143(12) of the
Act.
SECRETARIAL AUDIT REPORT
Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of
Directors of the Company had appointed M/s. Amruta Giradkar & Associates, Practicing
Company Secretaries, (Membership No. 48693) & (Certificate of Practice No. 19381), as
Secretarial Auditors of the Company to conduct the secretarial audit for the financial
year 2024-2025.
There were no qualifications, reservations or adverse remarks or disclaimers made by
M/s. Amruta Giradkar & Associates, Practicing Company Secretaries in its secretarial
audit report. Further, in terms of the SEBI (Listing Obligations & Disclosure
Requirements) (Third Amendment) Regulation, 2024, the Board has recommended appointment of
M/s. Amruta Giradkar & Associates, Practicing Company Secretaries as the Secretarial
Auditors of the Company for a term of five consecutive financial years commencing from
April 01, 2025 till March 31, 2030. The appointment will be subject to shareholder's
approval at the ensuing AGM.
The Secretarial Audit Report for the Financial Year ended March 31, 2025 is annexed
herewith as ANNEXURE-II to this report. INTERNAL AUDITOR
The Company had appointed M/s. Ravjani Jemani & Co., Chartered Accountants as
Internal Auditor of the Company to carry out the Internal Audit Functions.
The Internal Auditor submits a "Yearly Report” to the Audit Committee for its
review.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has in place adequate internal controls commensurate with the size, scale
and complexity of its operations. To maintain its objectivity and independence, the
Internal Auditors report to the Chairman of the Audit Committee of the Board. Internal
Auditors monitor and evaluate the efficacy and adequacy of internal control system in the
Company, its compliance with operating systems, accounting procedures and policies at all
locations of the Company.
Based on the report of Internal Auditors, process owners undertake corrective action in
their respective areas and thereby strengthen the controls. Significant audit observations
and corrective actions thereon are presented to the Audit Committee of the Board.
DISCLOSURE UNDER RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL
PERSONNEL), RULES, 2014
The information required pursuant to Section 197 read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel), Rules, 2014 in respect of
employees of the Company and Directors is attached as 'Annexure III'. There were no
employees receiving remuneration above the prescribed limit in terms of Rule 5 (2) of the
Companies (Appointment and Remuneration of Managerial Personnel), Rules, 2014.
SIGNIFICANT OR MATERIAL ORDERS
No significant or material orders has been passed against the Company during the year
under review.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
(A) Conservation of energy and technology absorption.
The operation of the company, being financial services related, requires normal
consumption of electricity. The company is taking every necessary step for reducing
consumption of energy.
(B) Foreign Exchange Earnings And Outgo:
There was no foreign exchange earnings foreign exchange outgo for the year ended as on
March 31, 2025.
RESERVE BANK OF INDIA DIRECTIONS
Company is categorized as a non-deposit taking, non-banking finance company (NBFC). The
Company has complied with the directives issued by the Reserve Bank of India under the
Non-Banking Financial Companies (Reserve Bank of India) Directions, 2007, as amended from
time to time as on March 31, 2025.
INSIDER TRADING
In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, your
Company has constituted a comprehensive Code titled as "Code of Conduct for Internal
Procedures and to Regulate, Monitor and Report Trading by Insiders” which lays down
guidelines and advises the Directors and Employees of the Company on procedures to be
followed and disclosures to be made while dealing insecurities of the Company. The said
policy can be viewed on our website http://sungoldcapitallimited.com/wp-
content/iiploaris/2024/03/IQ.-INSIDER-TRADING.prif
SECRETARIAL STANDARDS
The Directors state that applicable Secretarial Standards with regard to Meeting of
Board of Directors (SS-1) and General Meetings (SS-2) as well as the Report on Board of
Directors (SS-4) issued by The Institute of Company Secretaries of India, have been duly
followed by the Company.
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 DURING THE FINANCIAL YEARS:
During the period under review, the Company has not taken any loan from any banks and
Financial Institutions and there is no one-time settlement made by the Company.
DISCLOSURE ABOUT COST AUDIT
Maintenance of Cost Records and requirement of Cost audit as prescribed under
provisions of Section 148(1) of the Act, are not applicable for business activities
carried out by the Company.
CHANGE OF REGISTERED OFFICE OF THE COMPANY
During the year 2024-2025 the Company has not shifted its Regisrtered Office.
The current registered office of the Company is “Ground Floor, 36, Shri Rang
Residency, Vadia, Rajpipla, Narmada - 393145” OTHER DISCLOSURES
In terms of applicable provisions of the Act and SEBI Listing Regulations, the Company
discloses that during the financial year under review:
• There was no issue of shares (including sweat equity shares) to employees of the
Company under any scheme save and except under Employee Stock Option Scheme referred to in
this Report.
• There was no Scheme for provision of money for the purchase of its own shares by
employees or by trustees for the benefit of employees.
• There was no public issue, rights issue, bonus issue or preferential issue, etc.
• There was no issue of shares with differential rights.
• There was no transfer of unpaid or unclaimed amount to Investor Education and
Protection Fund (IEPF).
• No significant or material orders were passed by the Regulators or Hon'ble
Courts or Tribunals which impact the going concern status and Company's operations in
future. vii. there were no proceedings for Corporate Insolvency Resolution Process
initiated under the Insolvency and Bankruptcy Code, 2016.
• There was no failure to implement any Corporate Action.
• There were no borrowings from Banks or Financial Institution and no instance of
one-time settlement with any Bank or Financial Institution.
ACKNOWLEDGEMENTS
The Board of Directors wish to acknowledge and place on record their sincere
appreciation and sincere gratitude to the Government of India and Government of Gujarat
and their respective ministries and departments various Central and State Government
authorities; for continued assistance and co-operation received from all the members,
regulatory authorities, financial institutions, bankers, lenders, Suppliers, Vendors,
Clients, consultants, advisors, shareholders, investors, Prospective lessees, tenants,
employees and other business associates.
The Board of Directors would also like to place on record their sincere appreciation
for the co-operation received from the Reserve Bank of India, Securities Exchange Board of
India (SEBI), BSE Limited, Depositories, Ministry of Corporate Affairs and all other
statutory and/or regulatory bodies.
Place: Rajpipla |
For and on behalf of the Board of Directors |
Date: 29.07.2025 |
Sd/- |
|
Rajiv Kotia |
|
Chairman & Managing Director |
|
DIN:00135912 |
