To,
The Members,
BANGANGA PAPER INDUSTRIES LIMITED
Your Directors are pleased to present the 41st (FORTY ONE)
ANNUAL REPORT together with the Company's Audited Financial Statements for the
financial year ended 31st March, 2025.
1. FINANCIAL SUMMARY:
The Company's financial performance for the year ended 31 st
March, 2025 is summarised below;
| Particulars |
Year ended 31.03.2025 |
Year ended 31.03.2024 |
| Income: |
|
|
| Revenue from Operations |
5809.63 |
39.40 |
| Other Income |
14.69 |
- |
| TOTAL REVENUE |
5824.32 |
39.40 |
| Expenditure: |
|
|
| Purchase of Stock-in-Trade |
5297.26 |
30.65 |
| Change in Inventories of Stock-in-Trade |
(128.83) |
- |
| Employee Benefits Expense |
104.61 |
431 |
| Other Expenses |
285.4 |
662.62 |
| TOTAL EXPENDITURE |
5558.43 |
4159.07 |
| Profit before tax |
265.89 |
(2.19) |
| Tax Expense: |
|
|
| Provision for - Current Tax |
55.04 |
(2.19) |
| Income Tax of Earlier year |
22.56 |
- |
| Profit for the year |
188.29 |
(2.19) |
| Earnings per equity share (Basic &
Diluted) (Face Value of Rs. 10/- each) (Rs. Ps.) |
1.57 |
(0.88) |
2. FINANCIAL HIGHLIGHTS AND COMPANY'S AFFAIRS:
During the year under review, the Company has achieved total revenue of
Rs. 5824.32/- Lakhs as compared to Rs. 39.40/- Lakhs in the previous financial year.
Further, the Company has generated a Net Profit (after tax) of Rs. (15.58)/- Lakhs for the
financial year ended March 31,2025, as compared to the loss of Rs. (2.19)/- Lakhs and in
the previous financial year 2023-2024. The Company is actively pursuing to be fully
operational and pursue activities in consonance with the objectives for which it is
established and taking necessary steps to effectively implement the same.
3. DIVIDEND:
With a view to conserve resources, your Directors do not recommend any
dividend during the reporting period.
4. TRANSFER TO RESERVES:
The Company does not propose to transfer any amount to the general
reserve for the financial year ended 31st March, 2025.
5. CHANGE IN THE NATURE OF BUSINESS:
There is no change in the nature of the business of the Company.
6. SUBSIDIARIES:
I. Banganga Paper Mill
During the period under review, on 29th June 2024, the Company acquired
99,96,000 equity shares of Banganga Paper Mills Limited by way of a contract. Pursuant to
this acquisition, the Company holds 64.66% of the total equity share capital of Banganga
Paper Mills Limited, thereby resulting in the Company becoming the holding company of the
said entity in accordance with the provisions of Section 2(46) of the Companies Act, 2013.
7. DETAILS OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:
During the year under review, Appointment of Shri. Rajesh Govind Pote
(DIN:10287655) as a Additional Director of the Company w.e.f. 24th May, 2024 and
Resignation of Smt. Sarita Harigopal Joshi, (DIN 06781907) as a Whole Time Director w.e.f.
24th May, 2024 and Resignation of Shri Vinod Kavassery Balan, Director (DIN 07823253) as a
Director w.e.f. 03rd June,2024 and Appointment of Ms. Gauri Satish Chiplunkar
(DIN:08386053) as an Additional (Independent) Director of the Company w.e.f. 29th August,
2024 and Appointment of Shri. Chetan Karbhari Dhatrak, (DIN: 10064427) as a Whole-time
director of the Company w.e.f. 22nd October,2024 and Appointment of Shri.
Karbhari Pandurang Dhatrak, (DIN: 10065729) as a Managing Director of Company w.e.f. 22nd
October,2024 and Appointment of Smt. Jayshree Karbhari Dhatrak, (DIN 10147754) as a
Non Executive Director (Non-Executive) of the Company w.e.f. 22nd October,2024
and Appointment of Shri Ramesh Kacharu Rakh, (DIN: 10330676) Independent Director of the
Company w.e.f. 22nd October,2024 and Shri Santosh Baburao Ugale, as a Chief
Financial Officer (CFO) of the Company w.e.f. 22nd October,2024 and Resignation
of Shri. Rajesh Govind Pote, (DIN:10287655) as a Whole-time director of the Company w.e.f.
22nd October,2024 and Resignation of Shri. Vijay Singh Shekhawat, (DIN:
03447468) as an Additional Director (Non-Executive) of the Company w.e.f. 22nd
October,2024 and Resignation of Shri. Rajesh Rameshrao Salway, (DIN 05145913) as an
Additional Director (Non-Executive) of the Company w.e.f. 22nd October,2024 and
Resignation of Smt. Jeny Gowadia, (DIN: 03014009) as an Independent
Director of the Company w.e.f. 22nd October,2024 and Resignation of Shri Dhiren
Bontra, (DIN: 09591605) Independent Director as an Independent Director of the Company
w.e.f. 22nd October,2024 and Resignation of Shri Jatin Gaikar , Chief Financial
Officer (CFO) as a Chief Financial Officer (CFO) of the Company w.e.f. 22nd
October,2024 Except as stated above, there was no change in the Directorship of the
Company. However, subsequent to the end of the Financial Year following appointments,
re-appointments, and resignations were made till the date of this report.
• Appointment of Shri. Rajesh Govind Pote (DIN:10287655) as a
Additional Director of the Company w.e.f. 24th May, 2024; and
• Resignation of Smt. Sarita Harigopal Joshi, (DIN 06781907) as a
Whole Time Director w.e.f. 24th May, 2024; and
• Resignation of Shri Vinod Kavassery Balan, Director (DIN
07823253) as a Director w.e.f. 03rd June,2024; and
• Appointment of Ms. Gauri Satish Chiplunkar (DIN:08386053) as an
Additional (Independent) Director of the Company w.e.f. 29th August, 2024; and
• Appointment of Shri. Chetan Karbhari Dhatrak, (DIN: 10064427) as
a Whole-time director of the Company w.e.f. 22nd October,2024; and
• Appointment of Shri. Karbhari Pandurang Dhatrak, (DIN: 10065729)
as a Managing Director of Company w.e.f. 22nd October,2024; and
• Appointment of Smt. Jayshree Karbhari Dhatrak, (DIN 10147754) as
a Non-Executive Director (Non-Executive) of the Company w.e.f. 22nd
October,2024; and
• Appointment of Shri Ramesh Kacharu Rakh, (DIN: 10330676)
Independent Director of the Company w.e.f. 22nd October,2024; and
• Shri Santosh Baburao Ugale, as a Chief Financial Officer (CFO)
of the Company w.e.f. 22nd October,2024; and
• Resignation of Shri. Rajesh Govind Pote, (DIN:10287655) as a
Whole-time director of the Company w.e.f. 22nd October,2024; and
• Resignation of Shri. Vijay Singh Shekhawat, (DIN: 03447468) as
an Additional Director (Non-Executive) of the Company w.e.f. 22nd October,2024;
and
? Resignation of Shri. Rajesh Rameshrao Salway, (DIN 05145913) as an
Additional Director (Non-Executive) of the Company w.e.f. 22nd October,2024;
and
? Resignation of Smt. Jeny Gowadia, (DIN: 03014009) as an Independent
Director of the Company w.e.f. 22nd October,2024; and
? Resignation of Shri Dhiren Bontra, (DIN: 09591605) Independent
Director as an Independent Director of the Company w.e.f. 22nd October,2024;
and
? Resignation of Shri Jatin Gaikar , Chief Financial Officer (CFO) as a
Chief Financial Officer (CFO) of the Company w.e.f. 22nd October,2024;
The present Directors and KMPs of the Company are as follows:
? Shri. Chetan Karbhari Dhatrak, Whole-time director (DIN: 10064427);
? Shri. Karbhari Pandurang Dhatrak, Managing Director (DIN: 10065729);
? Smt. Jayshree Karbhari Dhatrak, Independent Director (Non-Executive)
(DIN 10147754);
? Shri Ramesh Kacharu Rakh, Independent Director (DIN: 10330676);
? Ms. Gauri Satish Chiplunkar Additional (Independent) Director
(DIN:08386053)
? Shri Santosh Baburao Ugale, Chief Financial Officer (CFO);
? Shri Jitendra Rajendra Patil, Company Secretary and Compliance
Officer.
In accordance with the provisions of the Companies Act, 2013 and Rules
made there under and in terms of Articles of Association of the Company, Shri. Karbhari
Pandurang Dhatrak, Managing Director (DIN: 10065729), retires at the ensuring Annual
General Meeting and being eligible offered himself for re-appointment.
8. NUMBER OF MEETINGS OF BOARD:
During the year under review, 11 (Eleven) Board meetings were held. The
dates of the meetings are 29th April,2024, 24th May,2024, 03rd
June 2024,09th July 2024, 24th July, 2024, 07th August,
2024, 29th August, 2024, 22nd October, 2024, 14th
November, 2024, 22nd January, 2025, 11th February, 2025
9. ATTENDANCE OF DIRECTORS AT THE BOARD MEETINGS:
Details of the attendance of the Directors at the Board Meetings held
during the year 2023-2024:
| Name of the Director |
Number of Board Meeting |
|
Entitled to Attend |
Attended |
| Shri. Rajesh Govind Pote |
7 |
7 |
| Smt. Sarita Harigopal Joshi |
1 |
1 |
| Shri Vinod Kavassery Balan |
_ 2 |
2 |
| Shri. Vijay Singh Shekhawat |
7 |
7 |
| Shri. Rajesh Rameshrao Salway |
7 |
7 |
| Smt. Jeny Gowadia |
7 |
7 |
| Shri Dhiren Bontra |
7 |
7 |
| Shri. Chetan Karbhari Dhatrak |
4 |
4 |
| Shri Karbhari Pandurang Dhatrak |
4 |
4 |
| Smt Jayshree Karbhari Dhatrak |
4 |
4 |
| Shri Ramesh Kacharu Rakh |
4 |
4 |
| Smt. Gauri Satish Chiplunkar |
4 |
4 |
10. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS:
The Board confirms that all Independent Directors of the Company have
given a declaration to the Board under Section 149(7) of the Companies Act, 2013 and Rules
made thereunder that they meet the criteria of independence as prescribed under Section
149(6) of the Companies Act, 2013.
Further, in terms of Section 150 read with Rule 6 of the Companies
(Appointment and Qualification of Directors) Rules, 2014, as amended, Independent
Directors of the Company have included their names in the data bank of Independent
Directors maintained with the Indian Institute of Corporate Affairs.
11. COMMITTEES OF BOARD OF DIRECTORS:
The Board of Directors has duly constituted the Audit Committee and
Nomination & Remuneration Committee in accordance with the applicable provisions of
the Companies Act, 2013 and Rules made thereunder.
During the year under review, (Audit Committee) Audit Committee
meetings were held. The dates of the meetings are 25th May,2024, 24th
July,2024, 14th November 2024,11th February, 2025.
During the year under review, 2 (Two) Nomination & Remuneration
Committee meetings were held. The dates of the meetings are 24th July, 2024 and 11th
February, 2025.
12. ANNUAL PERFORMANCE EVALUATION:
The Board of Directors of the Company is committed to assess its own
performance as a Board in order to identify its strengths and areas in which it may
improve its functioning. To that end, the Nomination and Remuneration Committee has
established the process for evaluation of performance of all the Directors and the Board
including Committees. The Company has devised a Policy for performance evaluation of all
the Directors, the Board and the Committees which includes criteria and factors for
performance evaluation. The appointment / re-appointment / continuation of Directors on
the Board shall be based on the outcome of evaluation process.
13. RISK MANAGEMENT POLICY:
In compliance with the provisions of Section 134(3)(n) of the Companies
Act, 2013, the Board of Directors has formulated and adopted the Risk Management Policy.
The Board of Directors has delegated the authority to Audit Committee to monitor the Risk
Management Policy including (a) Overseeing and approving the Company's enterprise
wide risk management framework; and (b) Overseeing that all the risks that the
organization faces such as strategic, financial, credit, market, liquidity, security,
property, IT, legal, regulatory, reputational and other risks have been identified and
assessed and there is an adequate risk management infrastructure in place capable of
addressing those risks. We affirm that all risks are monitored and resolved as per the
process laid out in the Policy.
14. NOMINATION AND REMUNERATION POLICY:
The Nomination and Remuneration Committee has formulated the criteria
for determining qualifications, positive attributes and Independence of Directors and
recommends to the Board a Policy, relating to the remuneration for the Directors, Key
Managerial Personnel and other employees of the Company. The brief terms of the Policy
framed by the Nomination and Remuneration Committee, in pursuant to the provisions of
Section 178(4) of the Companies Act, 2013 and Rules made thereunder are as follows:
(a) The Committee shall ensure that the level and composition of
remuneration is reasonable and sufficient to attract, retain and motivate directors of the
quality required to run the Company successfully;
(b) The Committee shall also ensure that the relationship of
remuneration to performance is clear and meets appropriate performance benchmarks; and
(c) The Committee shall also ensure that the remuneration to Directors,
Key Managerial Personnel and Senior Management involves a balance between fixed and
incentive pay reflecting short- and long-term performance objectives appropriate to the
working of the Company and its goals.
The Key Objectives of the Committee are:
(a) To guide the Board in relation to appointment and removal of
Directors, Key Managerial Personnel and Senior Management;
(b) To evaluate the performance of the members of the Board and provide
necessary report to the Board for further evaluation;
(c) To recommend to the Board on remuneration payable to the Directors,
Key Managerial Personnel and Senior Management.
15. VIGIL MECHANISM:
The Company has established a Vigil Mechanism that enables the
Directors and Employees to report genuine concerns. The Vigil Mechanism provides for (a)
adequate safeguards against victimization of persons who use the Vigil Mechanism; and (b)
direct access to the Chairperson of the Audit Committee of the Board of Directors of the
Company in appropriate or exceptional cases. Details of the Vigil Mechanism Policy are
made available on the Company's website www.inertiasteel.com
During the year, neither any whistle blower event was reported, nor any
personnel has been denied access to the Audit Committee. Your Company also ensures that
the vigil mechanism established in the Company is functioning very well.
16. DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to the requirement under Section 134(3)(c) and Section 134(5)
of the Companies Act, 2013, with respect to Directors' Responsibility Statement, the
Directors state that:
(a) in the preparation of the annual accounts for the year ended 31st
March, 2023, the applicable accounting standards have been followed along with proper
explanation relating to material departures, if any;
(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 at the end of the
financial year and of the profit of the company for that period;
(c) the Directors 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;
(d) the Directors have prepared the annual accounts on a going concern
basis;
(e) the Directors, have 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 have devised proper systems to ensure compliance with
the provisions of all applicable laws and that such systems are adequate and operating
effectively.
17. AUDITORS:
At the 40th Annual General Meeting held on 30th September, 2024, M/s.
Jain Chhajed & Associates, Chartered Accountants, Nashik, (FRN: 127911W), were
appointed as the Statutory Auditors of the Company for the period of 1 year.
M/s. Grandmark & Associates, Chartered Accountants, (Firm
Registration No. 0011317), has tendered their resignation as Statutory Auditor of the
Company with effect from 26th July, 2024.
Further, the Company at its Board meeting held on 7th August 2024
appointed M/s. Jain Chhajed & Associates, Chartered Accountants, Nashik, (FRN:
127911W) as the Statutory Auditor of the Company to fill in the casual vacancy occurred
due to resignation of M/s. Grandmark & Associates, Chartered Accountants, (Firm
Registration No. 0011317), for the Financial Year 2024-25 and shall hold office till the
conclusion of 41st Annual General Meeting to be held for the year 2024-25 of
the Company, subject to approval from the members of the Company in the ensuing Annual
General Meeting of the Company (i.e. 41th Annual General Meeting).
Their consent letters / certificates to the effect that their
appointments, if made, would be within the prescribed limits under Section 141 of the
Companies Act, 2013 and that they are not disqualified have been received.
18. COMMENT ON AUDITORS' REPORT:
The Report of Auditors of the Company and the notes forming part of the
financial statements are self-explanatory and hence requires no explanation from the Board
of Directors. The Auditors' Report does not contain any qualification or reservation
or adverse remark.
19. REPORTING OF FRAUD BY STATUTORY AUDITORS:
As per the provision of Section 143(12) of the Companies Act, 2013 read
with Rules made thereunder, no fraud on or by the Company has been noticed or reported by
the Statutory Auditors or Secretarial Auditor of the Company.
20. SECRETARIAL AUDITOR & THEIR REPORT:
Pursuant to the provisions of Section 204 of the Companies Act, 2013
and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
Board had appointed M/s. Ritika A & Associates, Practicing Company Secretary, Howrah
Kolkata to conduct Secretarial Audit for the financial year 2024-25. The Secretarial Audit
Report for the financial year ended 31st March, 2025 in Form MR-3 is attached as
“Annexure I” and forms a part to this Report and is self-explanatory.
21. INTERNAL FINANCIAL CONTROL AND AUDIT:
The Company has in place adequate internal financial controls with
reference to financial statements. During the year under review, such controls were
operating effectively and no reportable material weakness in the design or operations were
observed.
22. MAINTENANCE OF COST RECORDS:
During the year under review, the Company does not fall within the
provisions of Section 148 of Companies Act, 2013 read with Rules made thereunder,
therefore, the requirement of maintenance of cost records are not applicable.
23. CORPORATE GOVERNANCE REPORT:
Banganga Paper Industries Limited (BPIL) believes that good corporate
governance is essential to achieve long term corporate goals and to enhance shareholder
value. Your Company believes in functioning in a transparent manner and believes in proper
accountability, auditing, disclosure and reporting. BPIL's operations and accounts
are audited at two levels - Internal Audit and Statutory Audit. CSL continues to follow
procedures and practices in conformity with the Principles of Corporate Governance as
enunciated in the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
The Board has also laid down Code of Conduct for all the Board Members and Senior
Management personnel of the Company.
Since, the Paid-up Equity Share Capital of the Company is Rs. 1197.88/-
Lakhs and Net Worth is of Rs. 1560.53/- Lakhs as on Financial Year ending 31st March,
2025, therefore, the provisions relating to Corporate Governance Report are applicable to
the Company. Annexure II
24. VOTING RIGHTS OF EMPLOYEES:
During the year under review, the Company has not given loan to any
employee for purchase of its own shares as per Section 67(3)(c) of Companies Act, 2013,
therefore, the disclosures as per Rule 16(4) of Companies (Share Capital and Debentures)
Rules, 2014 are not applicable.
25. DISCLOSURES REGARDING ISSUE OF EMPLOYEE STOCK OPTIONS:
The Company has not issued any shares under Employee's Stock
Options Scheme pursuant to provisions of Rule 12(9) of Companies (Share Capital and
Debenture Rules, 2014), therefore, the disclosures regarding issue of employee stock
options are not applicable. " "
26. DISCLOSURES REGARDING ISSUE OF SWEAT EQUITY SHARES:
During the year under review, the Company has not issued any Sweat
Equity Shares pursuant to provisions of Section 54 of Companies Act, 2013 read with Rules
made thereunder.
27. MATERIAL CHANGES & COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL
POSITION OF THE COMPANY:
No material changes and commitments affecting the financial position of
the Company have occurred between the end of the financial year and at the date of this
Board's Report.
28. INVESTOR EDUCATION AND PROTECTION FUND (“IEPF”):
During the year, the Company was not required to transfer any amount to
Investor Education and Protection Fund (“IEPF”) as per the requirements of the
IEPF Rules.
29. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The Management's Discussion and Analysis is attached as
“Annexure II” and forms a part to this Report.
30. CREDIT RATING:
The Company was not required to obtain credit rating from any credit
rating agencies. Hence this clause is not applicable to the Company.
31. CORPORATE SOCIAL RESPONSIBILITY:
Since, the Company does not fall under the criteria provided under
Section 135(1) of Companies Act, 2013 read with Rules made thereunder, therefore, the
constitution of Corporate Social Responsibility Committee and statement on Corporate
Social Responsibility as per Section 134(3)(o) of Companies Act, 2013 are not applicable
to the Company.
32. WEB LINK OF THE ANNUAL RETURN:
Pursuant to Section 92(3) of Companies Act, 2013 and Rule 12 of the
Companies (Management and Administration Rules, 2014, the Annual Return for the F.Y.
2024-2025 is available on Company's website at www.bangangapapers.com.
33. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS:
Particulars of loans given, investments made, guarantees given and
securities provided are mentioned in the audited financial statement which forms part of
this Annual Report.
34. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
During the year under review, the Company has not entered into any
contracts or arrangements with related parties as referred under Section 188(1) of the
Companies Act, 2013 and Rules made thereunder.
35. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNING AND OUTGO:
The disclosures relating to conservation of energy and technology
absorption are nil. There were no foreign exchange earnings or outgo for the year under
review.
36. PARTICULARS OF EMPLOYEES:
During the year under review, there were no employees in the Company
who are drawing prescribed salary pursuant to the provisions of Section 197(12) of the
Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014.
37. COMMISSION RECEIVED BY DIRECTORS FROM HOLDING/SUBSIDIARY:
The Company does not have any holding or subsidiary company, and
therefore the provisions of Section 197(14) of Companies Act, 2013 read with Rules made
thereunder, towards payment of any commission or remuneration from holding or subsidiary
Company are not applicable.
38. DISCLOSURES UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:
The Company has zero tolerance for sexual harassment at workplace and
has adopted a Policy on Prevention, Prohibition and Redressal of Sexual Harassment at
workplace in line with the provisions of the Sexual Harassment of Women at Workplace
(Prevention, Prohibition and Redressal) Act, 2013 and the Rules there under. The Policy
aims to provide protection to employees at the workplace and prevent and redress
complaints of sexual harassment and for matters connected or incidental thereto, with the
objective of providing a safe working environment, where employees feel secure.
39. OTHER DISCLOSURE:
(a) The requirement to disclose the details of difference between
amount of the valuation done at the time of onetime settlement and the valuation done
while taking loan from the Banks or Financial Institutions along with the reasons thereof,
is not applicable;
(b) There was no application made or any proceedings pending against
the Company under the Insolvency and Bankruptcy Code, 2016 during the year under review.;
The Company has not failed to implement any corporate action during the
year under review;
There was no revision of financial statements and Board's Report
of the Company during the year under review.
40. GENERAL DISCLOSURE:
Your Directors state that no disclosure or reporting is required in
respect of the following items as there were no transactions on these items during the
year under review:
(a) Details relating to deposits covered under Chapter V of the
Companies Act, 2013.
(b) No significant or material orders were passed by the Regulators or
Courts or Tribunals which impact the going concern status and Company's operations in
future.
(c) The Company has complied with the applicable Secretarial Standards
under the Companies Act, 2013 as issued by the Institute of Company Secretaries of India
(“ICSI”).
41. ACKNOWLEDGEMENT:
The Directors place on record, their appreciation and gratitude for all
the co-operation extended by Government Agencies, Securities Exchange Board of India,
Stock Exchange, Bankers, Financial Institutions, Business Associates and Members.
The Board of Directors also places on record its sincere appreciation
of the commitment and hard work put in by the management and employees of the Company.
|
|
For and on behalf of the Board of Directors |
|
|
BANGANGA PAPER INDUSTRIES LIMITED |
|
|
(Formerly known as Inertia Steel Limited) |
| Date: 02.09.2025 |
|
|
| Place : Nashik |
|
|
|
CHETAN KARBHARI DHATRAK |
KARBHARI PANDURANG DHATRAK |
|
DIRECTOR |
DIRECTOR |
|
(DIN 10064427) |
(DIN 10065729) |
|