To,
The Members,
ABHINAV LEASING AND FINANCE LIMITED
The Directors are pleased in presenting the Annual Report of the Company together with
the Audited Financial Statement for the financial year ended 31st March 2026.
FINANCIAL SUMMARY OF THE COMPANY
(Amount in Rs.)
| PARTICULARS |
FY 2025-2026 |
FY 2024-2025 |
| Sales/Income from operations |
6,49,34,034.60 |
39,20,39,755.24 |
| Total Income |
6,55,44,828.92 |
39,31,54,479.91 |
| Total Expenses |
5,64,29,408.00 |
39,02,34,087.03 |
| Profit/(loss) before exceptional item and tax |
91,15,420.92 |
29,20,392.88 |
| Less: Exceptional Items |
0.00 |
0.00 |
| Profit/(loss) before tax for the year |
91,15,420.92 |
29,20,392.88 |
| Less: Income tax |
24,87,905.00 |
6,15,469.00 |
| Less: Deferred tax |
34,523.72 |
4,216.00 |
| Net Profit/Loss for the Year |
65,92,992.20 |
23,00,707.88 |
| Basic EPS |
0.132 |
0.046 |
DESCRIPTION OF COMPANY PERFORMANCE
Company has always been indulged towards the enhancement of shareholders value through
sound business decisions, prudent to financial management and high standard of ethics
throughout the organization. Company performance for the financial year in review are as
under;
A) Revenue from Operations - Rs. 6,49,34,034.60/- B) Profit/Loss before Tax - Rs.
91,15,420.92/- C) Net Profit - Rs. 65,92,992.20/-
STATE OF COMPANY'S AFFAIRS
During FY 2025-26, the Company continued its business activities as a NBFC-ICC in
accordance with its Memorandum and Articles of Association and applicable regulatory
framework.
During the financial year under review, the Company witnessed a significant improvement
in its financial performance, with an increase in profit as compared to the previous
financial year. The improved profitability reflects the Company's continued focus on
operational efficiency, prudent cost management and strengthening of its business
operations. This positive performance demonstrates the Company's commitment towards
sustainable growth and further strengthening its financial position.
The Board of Directors remains optimistic about the Company's future prospects and is
committed to pursuing a growth-oriented strategy focused on innovation, operational
excellence and responsible business practices. Supported by a robust governance framework
and a disciplined approach to business, the Company aims to maintain consistent
performance and create sustainable value for its stakeholders in the years ahead.
The Board remains committed to achieving sustainable and profitable growth while
maintaining an appropriate risk management framework, adequate capital and liquidity
buffers, and prudent financial discipline.
CHANGE IN NATURE OF BUSINESS
The Company's principal objects are to undertake leasing, hire-purchase, lending and
financing activities, provide loans against property/securities, finance industrial and
trading enterprises, and raise funds through borrowings and securities, without carrying
on banking business. The Company also undertakes to carry on investment and treasury
activities, including acquisition, holding, purchase, sale and dealing in shares, stocks,
securities, debentures, bonds and other financial instruments. During the financial year
under review, there were no changes in nature of business of the Company.
SHARE CAPITAL STRUCTURE
The authorized share capital of the company is Rs. 5,00,00,000/- (Rupees Five Crores
only) and paid-up Equity Share Capital as on 31st March 2026 was Rs. 4,99,80,000/- (Rupees
Four Crores Ninety Nine Lakhs Eighty Thousand only), each share having face value of Re
1/- (Rupee One only). There was no changes in the capital structure of Company and Company
has not issued new shares or convertible securities during the year 2025-2026. The Company
not issued shares with differential voting rights or granted any stock options or sweat
equity shares. Further the Company has not issued any debentures, bonds, warrants or any
non- convertible securities during the year 2025-2026.
The company has not held any shares in trust for the benefit of employees where the
voting rights are not exercised directly by the employees.
RESERVES
During the current financial year the Company has made profit of Rs. 65,92,992.20/-
which was transferred to reserves by the Board of Directors.
DIVIDEND
The Board of Directors of the Company has not recommended any dividend for the
financial year 2025-2026.
WEBSITE
Pursuant to Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Company has maintains its corporate website to provide stakeholders
with easy access to relevant information about the Company, including its business
activities, products and services, corporate profile, financial information, statutory
disclosures, investor- related information and other important updates. The website is
regularly updated, wherever applicable, to facilitate transparency and effective
communication with shareholders, investors and other stakeholders. The website can be
accessed at www.abhinavleasefinltd.in
COMPOSITION OF BOARD OF DIRECTORS
During the financial year under review, there were changes in composition of Board of
Directors. As on 31st March 2026, the composition of Board of Directors of the Company is
mentioned below:-
| S.No Name |
DIN |
Designation |
| 1 Mrs. Mamta Agarwal |
02425119 |
(Managing Director) |
| 2 Mr. Amit Aggarwal |
02504414 |
(CFO & Executive Director) |
| 3 Mr. Atul Kumar Agarwal |
00022779 |
(Executive Director) |
| 4 Mr. Rajeev Garg |
02216829 |
Non-Executive Independent Director |
| bs) Mr. Nikhil Bansal |
02701658 |
Non-Executive Independent Director |
| 6 Mr. Prateek Singh |
11342647 |
Non-Executive Independent Director |
DETAILS OF CHANGES IN MANAGEMENT
During the financial year 2025-2026, the Board of Directors in their meeting held on
16% October 2026, had appointed Mr. Prateek Singh (DIN: 11342647) as a Non-Executive
Independent Director of the Company. However, Mr. Prateek Singh tendered his resignation
from his position effective from 12t August 2026 which has been duly taken on records by
the Company.
Further, the Company Secretary and Compliance Officer of the Company Ms. Geeta
(Membership No. A65052) resigned from her position effective from 28th February 2026 and
the same was duly noted by the Board.
MEETINGS OF THE BOARD OF DIRECTORS
During the financial year under review, 8 (Eight) Board Meetings were held. The
intervening gap between the meetings was within the period as prescribed under the
Companies Act, 2013.
During the financial year from 1st April 2025 to 31st March 2026, the Board of
Directors met on the following dates:
| 1, 2294 April 2025 |
5. 16t October 2025 |
| 2. 30th May 2025 |
6. 14th November 2025 |
| 3. 11 August 2025 |
7. 13t2 February 2026 |
| 4. 06% September 2025 |
8. 28th February 2026 |
COMPOSITION OF VARIOUS COMMITTES OF BOARD AND THEIR MEETINGS
AUDIT COMMITTEE
The Audit Committee of the Company duly constituted by the following members:
| 1) Mr. Rajeev Garg |
(Chairperson) |
| i) Mr. Nikhil Bansal |
(Member) |
| iii) Mr. Amit Aggarwal |
(Member) |
The Audit Committee of the Company met Four (4) times during the financial year and
details of Member's attendance is mentioned below:
| 1. 30th May 2025 |
3. 14th November 2025 |
| 2. 11% August 2025 |
4. 13t? February 2026 |
|
|
No of Meetings |
|
Name of Members |
Designation |
Entitled |
Attended |
Attendance |
| Mr. Rajeev Garg |
Chairperson |
4 |
4 |
100% |
| Mr. Nikhil Bansal |
Member |
4 |
4 |
100% |
| Mr. Amit Aggarwal |
Member |
4 |
4 |
100% |
The Minutes of the Meetings of the Audit Committee were discussed and taken note by the
Board of Directors. The Statutory Auditor, Internal Auditor, Executive Directors and Chief
Financial Officer are invited to the meeting as and when required. No sitting fees have
been paid to any Member of the committee during the year for attending the meetings. The
remuneration paid to all Key Management Personnel of the Company were in accordance with
remuneration policy adopted by the Company. All members have attended the meeting in
person.
NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee of the Company duly constituted by the
following members:
| 1) Mr. Nikhil Bansal |
(Chairperson) |
| ui) Mr. Rajeev Garg |
(Member) |
| iu) Mr. Atul Kumar Agarwal |
(Member) |
The Nomination and Remuneration Committee of the Company met once (1) during the
financial year and details of Member's attendance is mentioned below:
1. 16% October 2025
|
|
No of Meetings |
|
Name of Members |
Designation |
Entitled |
Attended |
Attendance |
| Mr. Nikhil Bansal |
Chairperson |
1 |
1 |
100% |
| Mr. Rajeev Garg |
Member |
1 |
1 |
100% |
| Mr. Atul Kumar Agarwal |
Member |
1 |
1 |
100% |
The Minutes of the Meetings of the Nomination and Remuneration Committee were discussed
and taken note by the Board of Directors. No sitting fees have been paid to any Member of
the committee during the year for attending the meetings. The remuneration paid to all Key
Management Personnel of the Company were in accordance with remuneration policy adopted by
the Company. All members have attended the meeting in person.
STAKEHOLDERS RELATIONSHIP COMMITTEE
The Stakeholders Relationship Committee of the Company duly constituted by the
following members:
| 1) Mr. Nikhil Bansal |
(Chairperson) |
| 2) Mr. Amit Aggarwal |
(Member) |
| 3) Mr. Atul Kumar Agarwal |
(Member) |
The Stakeholders Relationship Committee of the Company met Once (1) time during the
financial year and details of Member's attendance is mentioned below:
1. 13% February 2026
|
|
No of Meetings |
|
Name of Members |
Designation |
Held |
Attended |
Attendance |
| Mr. Nikhil Bansal |
Chairperson |
1 |
1 |
100% |
| Mr. Amit Aggarwal |
Member |
1 |
1 |
100% |
| Mr. Atul Kumar Agarwal |
Member |
1 |
1 |
100% |
The Minutes of the Meetings of the Stakeholders Relationship Committee were discussed
and taken note by the Board of Directors. No sitting fees have been paid to any Member of
the committee during the year for attending the meetings. The remuneration paid to all Key
Management Personnel of the Company were in accordance with remuneration policy adopted by
the Company. All members have attended the meeting in person.
INDEPENDENT DIRECTORS MEETING
During financial year 2025-2026, one (1) meeting of the Independent Directors was held
on 13t February 2026. The Independent Directors, inter-alia, reviewed the performance of
Non- Independent Directors, Board as a whole and Chairperson of the Company, taking into
account the views of Executive Directors and Non-Executive Directors. No other Director
was present in meeting except the Company Secretary and Independent Directors of the
Company.
|
|
No of Meetings |
|
Name of Members |
Designation |
Held |
Attended |
Attendance |
| Mr. Nikhil Bansal |
Chairperson |
1 |
1 |
100% |
| Mr. Rajeev Garg |
Member |
1 |
1 |
100% |
| Mr. Prateek Singh |
Member |
1 |
1 |
100% |
DECLARATION BY INDEPENDENT DIRECTORS
The Company has received necessary disclosures & declarations from Independent
Directors under section 149, 164 and 184 of the Companies Act, 2013 and that the
Independent Directors have complied with the Code for Independent Directors prescribed in
Schedule IV to the Companies Act, 2013.
For the financial year under review, the Company had three (3) Independent Directors,
Mr. Nikhil Bansal (DIN: 02701658), Mr. Rajeev Garg (DIN: 02216829) and Mr. Prateek Singh
(DIN: 11342647).
However, Mr. Prateek Singh tendered his resignation from his position effective from
12th August 2026 which has been duly taken on records by the Company.
MATERIAL CHANGES AND COMMITMENTS
Between the end of the financial year of the Company to which the financial statements
relate and the date of the report in the Company, there were material transactions that
took place which may affect the financial position of the company.
The Board, upon recommendation of Nomination & Remuneration Committee had appointed
Mr. Deepanshu Mittal (Membership No. A66663), as the Company Secretary & Compliance
Officer effective from 04 June 2026.
However, he tendered his resignation from the position effective from 09 June 2026.
VIGIL MECHANISM/WHISTLE BLOWER POLICY
In order to ensure that the activities of the Company and its employees are conducted
in a fair and transparent manner by adoption of highest standards of professionalism,
honesty, integrity and ethical behavior the company has adopted a vigil mechanism policy.
The Company has established a Vigil Mechanism/Whistle-Blower mechanism in accordance
with applicable provisions of the Companies Act, 2013 and SEBI LODR Regulations. The
mechanism provides an avenue to Directors and employees to report genuine concerns
regarding unethical behavior, actual or suspected fraud, violation of the Company's
policies or other concerns.
The mechanism provides adequate safeguards against victimization of persons using the
mechanism and provides direct access to the Chairperson of the Audit Committee in
appropriate cases.
PREVENTION OF INSIDER TRADING
The Company has adopted a code of conduct for prevention of insider trading with a view
to regulate dealing in securities by the Directors and designated employees of the
Company. The code requires pre-clearance for dealing in the Company's shares and prohibits
the purchase or sale of Company shares by the Directors and the designated employees while
in possession of unpublished price sensitive information in relation to the Company and
during the period when the Trading Window is closed. The Board is responsible for
implementation of the Code. All Board of Directors and the designated employees have
confirmed compliance with the code.
SUBSIDIARY, JOINT VENTURE & ASSOCIATE COMPANIES
As on 31st March 2026, the Company does not have any Subsidiary, Joint - Ventures or
Associate Company.
CONSOLIDATED FINANCIAL STATEMENT
As Company has no Subsidiary, Joint - Ventures or Associate Company, accordingly
provisions for preparation of Consolidated Financial Statements are not applicable to
Company.
DEPOSITS
The Company has not accepted any public deposits during FY 2025-26. There were no
public deposits outstanding as at 31st March 2026. Accordingly, the provisions relating to
acceptance of deposits under the Companies Act, 2013 and applicable RBI regulations
relating to public deposits are not applicable to the Company to the extent stated above.
DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS OR
TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE
During the financial year under review, there was no significant and material order
passed by any regulators, court, or tribunal which would impact the going concern status
and company's operations in future.
POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION
The current policy is to have an appropriate mix of Executive, Non-Executive and
Independent Directors to maintain the independence of the Board, and separate its
functions of governance and management.
As of 31st March 2026, the Board had six (6) Directors.
The policy of the Company on Directors' appointment and remuneration, including the
criteria for determining qualifications, positive attributes, independence of a Director
and other matters, as required under sub-section (3) of section 178 of Companies Act, 2013
is in place and maintained by company as per law.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS
The details of any loans or guarantees or securities and investments made during the
year 2025-2026 covered under the provision of section 186 of Companies Act, 2013 are given
under note to financial statement.
RELATED PARTIES TRANSACTIONS
There are no materially significant related party transactions made by the Company with
the Promoters, Key Management Personnel or other designated persons which may have
potential conflict with interest of the Company at large. The AOC-2 as per the Companies
Act, 2013 has been attached herewith under "Annexure A".
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The information required to be furnished under section 134 (3)(m) of the Companies Act,
2013 read with the Companies (Accounts) Rules, 2014 relating to Conservation of Energy,
Technology absorption and Foreign Exchange earnings and outgo is annexed in "Annexure
B" herewith and forming part of this report.
BUSINESS RISK MANAGEMENT
The main objective of this policy is to ensure sustainable business growth with
stability and to promote a pro-active approach in reporting, evaluating and resolving
risks associated with the business. In order to achieve the key objective, the policy
establishes a structured and disciplined approach to Risk Management, in order to guide
decisions on risk related issues.
In today's challenging and competitive environment, strategies for mitigating inherent
risks in accomplishing the growth plans of the Company are imperative. The common risks
inter alia are: Regulations, competition, Business risk, Technology obsolescence,
Investments, retention of talent and expansion of facilities. Business risk, inter-alia,
further includes financial risk, political risk, fidelity risk, legal risk. As a matter of
policy, these risks are assessed and steps as appropriate are taken to mitigate the same.
CORPORATE SOCIAL RESPONSIBILITY
The Company is not required to comply with the provisions of Section 135 of Companies
Act 2013, as the Company does not fall in eligibility ambit of Corporate Social
Responsibility initiatives.
INDUSTRIAL RELATIONS
During the year under review, your Company enjoyed cordial relationship with workers
and employees at all levels.
INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has an Internal Control System, commensurate with the size, scale and
complexity of its operations. The Internal Auditor functions reports to the Chairperson of
the Audit Committee and Managing Director of the Company.
M/s Sandeep Kumar Singh & Co., Chartered Accountants, (FRN: 035528N) has been
appointed as the Internal Auditor of the Company.
The Internal Auditor monitors and evaluates the efficiency and adequacy of internal
control systems in the company. It complies with operating systems, accounting procedure
and policies at all locations of the Company.
REPORTING OF FRAUDS
There have been no instances of fraud being reported by the Statutory Auditor under
Section 143 of the Companies Act 2013 read with relevant rules framed thereunder either to
the Company or to the Central Government.
SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE
REQUIREMENTS) REGULATIONS, 2015
As per the SEBI Circular No. SEBI/LAD-NRO/GN/2015-16/013 dated O24 September, 2015 of
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, the Paid-up equity capital as on the last day of previous financial
year 1.e., on 31st March 2026 was Rs. 4,49,80,000 and Networth was Rs. 5,00,42,779/-
Therefore, in terms of the said circular the compliance with the corporate governance
provisions as specified in Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 and
clauses (b) to (i) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule
V shall not apply in our Company during the financial year 2025-2026.
CODE OF CONDUCT
The Board of Directors has approved a Code of Conduct which is applicable to the
Members of the Board and all employees in the course of day-to-day business operations of
the Company.
BOARD EVALUATION
Pursuant to the provisions of the Companies Act, 2013, and SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, the Board has carried out an annual
evaluation of its own performance, its committees, as well as the Directors individually.
The outcome of the Board evaluation was discussed by the Nomination & Remuneration
Committee and at the Board Meeting held on 13/02/2026 and improvement areas were
discussed.
EXTRACT OF ANNUAL RETURNS
In terms of provisions of Section 92, 134(3)(a) of the Companies Act, 2013 read with
Rule 12 of Companies (Management and Administration) Rules, 2014, a copy of the annual
return as required under section 92(3) of the Act in the prescribed form is available on
the Company website and can be accessed at https://www.abhinavleasefinitd.in/annual-
returns
DISCLOSURES PERTAINING TO THE SEXUAL HARASSMENT OF WOMEN AT THE WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013
Since, Company has less than 10 (ten) employees and hence, the provisions relating to
the constitution of an Internal Complaints Committee under POSH Act 2013 (Sexual
Harassment of Women at Workplace Prevention, Prohibition and Redressal Act) are not
applicable on the Company. However, the Company remains committed towards providing a safe
and respectful working environment to all its employees and there are appropriate measures
for any concerns if they arise.
MATERNITY BENEFIT ACT 1961
The Company is in compliance with the provisions of Maternity Benefit Act 1961. During
the financial year 2025-2026, there were no employees who availed the maternity benefits
as per the provisions of the Act.
STATUTORY AUDITOR
M/s GAMS & Associates LLP (Chartered Accountants) (FRN: ON500094) are the Statutory
Auditor of the Company.
The Auditors' Report on the financial statements for financial year 2025-26 forms part
of the Annual Report. The Auditors' Report does not contain any qualification,
reservation, adverse remark or disclaimer
SECRETARIAL AUDITOR
Pursuant to the applicable provisions of Section 204 of the Companies Act, 2013, the
Company has appointed CS Divya Rani (Practicing Company Secretary), having Practicing
Number 26426 to undertake the Secretarial Audit of the Company for financial year 2025-26.
The Secretarial Audit Report in Form MR-3 is annexed to this Report. The Secretarial
Audit Report does not contain any qualification, reservation, adverse remark or
disclaimer.
EXPLANATIONS OR COMMENTS BY THE BOARD ON QUALIFICATION, RESERVATION AND ADVERSE REMARK
There was qualification remark given by Statutory Auditor in the auditor report.
Qualification: The Company has used accounting software for maintaining its books of
accounts for the financial year ended on 31st March 2026 which does not have a feature of
recording audit trails (edit log) facility and the same has been operated throughout the
year for all relevant transaction recorded in the software.
Management Reply: The Company is in the process of updating its accounting software to
include the ability to record audit trails and alter logs. The company has accelerated the
process of updating its accounting software, and soon it will be used to maintain its
books of accounts audit trails (edit log) feature.
COMPLIANCE WITH SECRETARIAL STANDARDS
During the financial year 2025-2026, the Company complied with all applicable
Secretarial Standards issued by the Institute of Company Secretaries of India, as
applicable to the Company. The provisions of Secretarial Standard-1 (SS-1) relating to
Meetings of the Board of Directors and Secretarial Standard-2 (SS-2) relating to General
Meetings were duly taken into consideration and complied with while conducting the
meetings of the Board of Directors and General Meetings during the financial year
2025-2026. Further, the applicable provisions of
Secretarial Standard-4 (SS-4) relating to the Report of the Board of Directors were
duly considered while preparing the Board's Report for the financial year 2025-2026.
LISTING WITH STOCK EXCHANGE
The Equity shares of Company are listed with Metropolitan Stock Exchange of India
Limited (MSE) and the Company has paid the Annual Listing Fees for the year 2025 - 2026 to
Metropolitan Stock Exchange of India Limited (MSE).
NBFC REGISTRATION
The Company is registered with the Reserve Bank of India as a Non-Banking Financial
Company - Investment and Credit Company (NBFC-ICC) vide Registration No. B-14.02146 Dated
21st November, 2000.
The Company is a non-deposit taking NBFC and has not accepted any public deposits
during the financial year.
The Company continued to comply with the applicable provisions of the RBI Act, 1934,
the Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based
Regulation) Directions, 2023, as amended from time to time, and other applicable
directions, circulars and guidelines issued by the RBI.
COMPLIANCE WITH RBI GUIDELINES
The Company has complied with all the regulations of Reserve Bank of India as on 31st
March 2026; applicable to it as non-Deposit taking Non-Banking Finance Company.
RBI / REGULATORY INSPECTIONS AND ACTIONS
During the financial year under review, the Company remained committed to complying
with all applicable laws, regulations, guidelines and directions issued by the Reserve
Bank of India and other regulatory authorities. The Company duly cooperated with
regulatory authorities in respect of any inspections, reviews, queries or other regulatory
matters, wherever applicable, and took necessary steps to ensure timely compliance and
corrective measures. The Company continues to maintain appropriate systems and processes
to strengthen its regulatory and compliance framework.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 134(3) (c) of the Act, the Board of Directors to the best of their
knowledge and ability confirm that:
a) In the preparation of the annual accounts, the applicable accounting standards have
been followed. b) 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 or loss of the company for that period. c) 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. d) They have prepared the
annual accounts on a going concern basis. e) They have laid down internal financial
controls to be followed by the Company and that such internal financial controls are
adequate and operating effectively.
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.
CAUTIONARY STATEMENT
The statements contained in the Board's Report contain certain statements relating to
the future and therefore are forward looking within the meaning of applicable securities,
laws and regulations various factors such as economic conditions, changes in government
regulations, tax regime, other statues, market forces and other associated and incidental
factors may however lead to variation in actual results.
ACKNOWLEDGEMENT
The Directors place on records their sincere appreciation of the services rendered by
the employees of the Company. They are grateful to shareholders, bankers, depositors,
customers and vendors of the company for their continued valued support. The Directors
look forward to a bright future with confidence.
|