To The Members of Western Ministil Limited
The Board of Directors are pleased to present the fifty One Annual
Report together with the Audited Accounts for the Financial Year ended 31st
March, 2025.
In Financial Year 2024-25 your Company has continued the phase of
positive outlook and witnessed the drastic growth and development both in operational as
well as in financial segments.
1. FINANCIAL HIGHLIGHTS:
Summary of the Financial Results for the year is as under:
| Particulars |
FY 2024-25 |
FY 2023-24 |
| Revenue from Operations |
0.00 |
0.00 |
| Other Income |
0.08 |
0.00 |
| Total Income |
0.08 |
0.00 |
| Expenses: |
32.31 |
16.16 |
| Profit/(Loss) before exceptional items and tax |
(32.23) |
(16.16) |
| Exceptional Items |
0.00 |
0.00 |
| Profit/(Loss) before tax |
(32.23) |
(16.16) |
| Provision for current tax, deferred tax and other tax
expenses |
0.00 |
0.00 |
| Profit/(loss) for the period |
(32.23) |
(16.16) |
2. DIVIDEND
Considering the year's financial performance and carried forward
losses of previous years, the Board had decided not to recommend any dividend. Due to
accumulated losses, your Company has not transferred any amount to the reserves.
3. PUBLIC DEPOSITS
The Company has not accepted any deposits from public within the
meaning of Section 73 and 74 of the Act and Rules framed thereunder (including any
amendments thereof) during the Financial Year ended March 31, 2025 and, as such, no amount
on account of principal or interest on deposit from public was outstanding as on the date
of this report.
4. TRANSFER TO RESERVES
There is no transfer made to reserves during the year.
5. CHANGE IN NATURE OF BUSINESS, IF ANY :
Your Company has not deviated its line of business activity nor has
expanded the area of activities; therefore, there is no change in the nature of business
for the year under review.
6. SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
During the Financial Year under review, the Company did not have any
Subsidiary, Joint Venture or Associate Companies.
7. SHARE CAPITAL
The paid up Equity Share Capital of the Company was Rs.2,15,71,860/-
divided into 2157186 shares of Rs. 10/- each as on March 31, 2025.
The Company's Equity Share Capital is listed on the BSE Limited
("BSE") and are infrequently traded shares. The annual listing fee had been paid
to the stock exchange before due date.
During the year under review, the Company has not issued any shares or
other convertible securities, bonus shares or made a rights issue of shares or shares with
differential voting rights or granted any stock options or any sweat equity shares.
Further, the Company did not buy back any of its shares.
8. CORPORATE GOVERNANCE
Pursuant to Chapter IV of the SEBI Listing Regulations, the provision
with regard to Corporate Governance is not applicable to the Company as the paid-up equity
share capital of the Company does not exceed Rs. 10 crores and net worth does not exceed
Rs. 25 crores as on the last day of the previous Financial Year.
9. CORPORATE SOCIAL RESPONSIBILITY INITIATIVES
Provisions of Section 135 of the Act and the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended from time to time, are not
applicable to your Company as the Company does not fall under any of the criteria
specified therein.
10. DIRECTORS RESPONSIBILITY STATEMENT
T o the best of their knowledge and belief and according to the
information and explanations obtained by them, your Directors make the following
statements in terms of Section 134(3) (c) of the Companies Act, 2013:
a. That in the preparation of the annual financial statements for the
year ended 31st March, 2025, the applicable accounting standards read with
requirements set out under Schedule III to the Companies Act, 2013, have been followed and
there are no material departures from the same;
b. That had selected such accounting policies and applied them
consistently and made judgements 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. That had taken proper and sufficient care 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;
d. That the annual financial statements have been prepared on a going
concern basis;
e. That proper internal financial controls were in place and that the
financial controls were adequate and were operating effectively;
f. That the systems to ensure compliance with the provisions of all
applicable laws were in place and were adequate and operating effectively.
11. RISK MANAGEMENT POLICY
The Company in order to comply with the provisions of the Act and to
provide an effective mechanism for implementing risk management system had adopted the
policy on risk management for evaluating and monitoring various risks that could threaten
the existence of the Company. The Company had not faced any major risks and no major
deviations from the actuals as attained by the Company. The Audit Committee has reviewed
the policy periodically. The Board takes overall responsibility for the overall process of
risk management in the organisation.
The Board shall take note of any future threats and shall report to the
Company for formulating an effective mechanism and strategy.
12. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has in place a robust internal financial control system,
commensurate with the size of its operations and nature of its business activities. The
Company has a standard operating procedure for various activities and operations and
follows this standard operating procedure for its internal control procedures. The
Internal Auditor monitors and evaluates the efficacy and adequacy of internal financial
control system in the Company, its compliance with operating systems, accounting
procedures, application of the instructions and policies fixed by the senior management at
all locations of the Company. The Audit Committee reviews the report on Internal Control
submitted by the Internal Auditors on a yearly basis.
Based on the assessment carried out by the Audit Committee, the
internal financial controls were adequate and effective and no reportable material
weakness or significant deficiencies in the design or operation of internal financial
controls were observed during the Financial Year ended March 31, 2025.
13. INDUSTRIAL RELATIONS
Industrial relations remained cordial throughout the year. Your
Directors recognize and appreciate the sincere and hard work, loyalty, dedicated efforts
and contribution of all the employees in the growth and performance of the Company during
the year.
14. DIRECTORS & KEY MANAGERIAL PERSONNEL
The Board meets at regular intervals as and when required to discuss
the business polices and strategies apart from other routine business matters. During the
Financial Year ended March 31, 2025, the Board met 8 (Eight) times i.e. on May 30, 2024,
July 19, 2024, August 14, 2024, October 11, 2024, November 14, 2024, February 14, 2025,
March 04, 2025 and March 31, 2025 .Apart from as aforesaid, the gap between two meetings
did not exceed one hundred and twenty days and the necessary quorum was present for all
the meetings held during the year.
During the year following director were appointed:
1. Mr. Satish Ramsevak Pandey, appointed as the Additional Executive
director of the Company w.e.f 14.02.2025.
2. Mr. Manoj Chaudhary, appointed as the Additional Non - Executive
Independent Director of the Company w.e.f 14.02.2025.
3. Ms. Gayatridevi D. Pandey, appointed as the Additional Non -
Executive Independent Director of the Company w.e.f 11.10.2024.
4. Mr.Prakash Baliram Shewale, appointed as the Managing Director of
the Company w.e.f 04.03.2025.
During the year following Director/CEO/CFO were Resigned:
1. Mr. Prithviraj S. Parikh, were resigned from the directorship
of the company w.e.f.04.03.2025.
2. Mr. P. K. R. K. Menon, were resigned from the directorship of the
company w.e.f.04.03.2025.
3. Ms. Sharmila S. Chitale, were resigned from the directorship of the
company w.e.f.04.03.2025.
4. Mr. Ajit Krishna Honyalkar, were resigned from the CEO/CFO position
of the company w.e.f.04.03.2025.
As on date of this report, the details of the Board of Directors and
Key Managerial Personnel are as under;
| Name of Director |
Designation |
| Mr. Prakash Baliram Shewale |
Chairman and Managing Director |
| Mr. Satish Ramsevak Pandey |
Executive Director |
| Ms. Gayatridevi D. Pandey |
Non - Executive Independent
Director |
| Mr. Manoj Choudhary |
Non - Executive Independent
Director |
| Mr. Paras Chand Jain |
Non - Executive Independent
Director |
| Mr. Ankitkumar Rajendra Shah |
Company Secretary &
Compliance Officer |
The attendance of the Directors at the Board Meetings and the AGM held
during the Financial Year ended March 31, 2025 is as under:
| Name of the Directors |
Number of meetings |
Last AGM Attended |
|
|
Entitled to attend |
Attended |
|
| Mr. P. K. R. K. Menon |
7 |
7 |
Yes |
| Mr. Prithviraj S. Parikh |
7 |
5 |
Yes |
| Sharmila S. Chitale |
7 |
7 |
Yes |
| Mr. Prakash Baliram Shewale |
1 |
1 |
Not Entitled |
| Mr. Satish Ramsevak Pandey |
2 |
2 |
Not Entitled |
| Ms. Gayatridevi D. Pandey |
4 |
4 |
Not Entitled |
| Mr. Manoj Choudhary |
2 |
2 |
Not Entitled |
The Board of Directors comprises of highly qualified memberspossessing
essential qualifications, skills, expertise and competencies in the areas of Sales &
Marketing, Finance and Accounts, Leadership and Governance, Industry Knowledge, General
Management and Governance, Relevant Technology which can enable them to take effective
decisions in the conduct of the affairs of the Company and enhance the Stakeholders
values.
15.COMMITTEES OF THE BOARD
The Company's Board has following committees. The brief of these
Committees are as follows:
a. Audit Committee
b. Nomination and Remuneration Committee
c. Stakeholder Relationship Committee
a. Constitution of the Audit Committee
A qualified and independent Audit Committee has been set up by the
Board in compliance with the requirements of Section 177 of the Act read with rules framed
thereunder. The composition, quorum, powers, role and scope are in accordance with Section
177of the Act. All the members of the Audit Committee are financially literate and have
experience in financial management. The Board has accepted all the recommendations of the
Audit Committee during the Financial Year ended March 31, 2025.
Meeting and Attendance
A qualified and independent Audit Committee has been set up by the
Board in compliance with the requirements of Section 177 of the Act read with rules framed
thereunder. The composition, quorum, powers,
role and scope are in accordance with Section 177of the Act. All the
members of the Audit Committee are financially literate and have experience in financial
management. The Board has accepted all the recommendations of the Audit Committee during
the Financial Year ended March 31, 2025.
Meeting and Attendance :The Committee met 4 (Four) times during the
Financial Year ended March 31, 2025,
i.e. on May 30, 2024, August 14, 2024, November 14, 2024 and February
14, 2025.
The necessary quorum was present for all the meetings held during the
year. The composition of the Audit Committee and the details of meetings attended by
members of the committee are given below:
| Name of the Members |
Category |
Number of committee meetings |
|
|
Entitled to attend |
Attended |
| Mr. P. K. R. K. Menon Chairman |
Non-Executive Director |
4 |
4 |
| Mr. Prithviraj S. Parikh Member |
Non-Executive Director |
4 |
4 |
| Sharmila S. Chitale Member |
Independent, Non-Executive Director |
4 |
4 |
1. Mr. Prithviraj S. Parikh, were resigned from the Membership
of the committee w.e.f.04.03.2025.
2. Mr. P. K. R. K. Menon, were resigned from the Membership of the
committee w.e.f.04.03.2025.
3. Ms. Sharmila S. Chitale, were resigned from the Membership of the
committee w.e.f.04.03.2025.
Reconstitution of the Audit Committee as on date of this report are as
follows:
| Name of the Members |
Position |
Nature of Directorship |
| Ms.Gayatridevi Devishankar Pandey |
Chairman |
Independent, Director Non-Executive |
| Mr. Manoj Choudhary |
Member |
Independent, Director Non-Executive |
| Mr. Satish Ramsevak Pandey |
Member |
Executive, Non-Independent Director |
b. NOMINATION AND REMUNERATION COMMITTEE Constitution of the Nomination
and Remuneration Committee
The Nomination and Remuneration Committee of the Company is constituted
in compliance with Section 178 of the Act read with rules framed thereunder. The
composition, quorum, powers, role and scope are in accordance with Section 178 of the Act.
The Committee met 2 (Two) time during the Financial Year ended March 31, 2025. i.e on
October 11, 2024, February 14, 2025. The necessary quorum was present for the meeting held
during the year. The composition of the Nomination and Remuneration Committee and the
details of meetings attended by members of the Committee are given below:
| Name of the Members |
<td >Category
Number of committee meetings |
|
|
Entitled to attend |
Attended |
| Mr. P. K. R. K. Menon Chairman |
Non-Executive Director |
2 |
2 |
| Mr. Prithviraj S. Parikh Member |
Non-Executive Director |
2 |
2 |
| Sharmila S. Chitale |
Independent, Non-Executive |
2 |
2 |
| Member |
Director |
|
|
1. Mr. Prithviraj S. Parikh, were resigned from the Membership
of the committee w.e.f.04.03.2025.
2. Mr. P. K. R. K. Menon, were resigned from the Membership of the
committee w.e.f.04.03.2025.
3. Ms. Sharmila S. Chitale, were resigned from the Membership of the
committee w.e.f.04.03.2025.
Reconstitution of the Nomination And Remuneration Committee as on date
of this report are as follows:
| Name of the Members |
Position |
Nature of Directorship |
| Ms.Gayatridevi Devishankar Pandey |
Chairman |
Independent, Non-Executive Director |
| Mr. Manoj Choudhary |
Member |
Independent, Non-Executive Director |
| Mr. Paras Chand Jain |
Member |
Independent, Non-Executive Director |
c. STAKEHOLDERS RELATIONSHIP COMMITTEE Constitution of the Stakeholders
Relationship Committee
The Board has constituted the Stakeholders Relationship Committee
comprising of three members. The composition of the Stakeholders Relationship Committee is
in compliance with the provisions of Section 178 of the Act read with rules framed
thereunder. The Committee met 4 (Four) times during the Financial Year ended March 31,
2025 i.e., on May 30, 2024, August 14, 2024, November 14, 2024 and February 14, 2025. The
necessary quorum was present for the meeting held during the year. The composition of the
Committee and the attendance of the members of the Stakeholders Relationship Committee
during the Financial Year ended March 31, 2025 are as given below:
| Name of the Members |
Category |
Number of committee meetings |
|
|
Entitled to attend |
Attended |
| Mr. P. K. R. K. Menon Chairman |
Non-Executive Director |
4 |
4 |
| Mr. Prithviraj S. Parikh Member |
Non-Executive Director |
4 |
3 |
| Sharmila S. Chitale Member |
Independent, Non-Executive Director |
4 |
4 |
1. Mr. Prithviraj S. Parikh, were resigned from the Membership
of the committee w.e.f.04.03.2025.
2. Mr. P. K. R. K. Menon, were resigned from the Membership of the
committee w.e.f.04.03.2025.
3. Ms. Sharmila S. Chitale, were resigned from the Membership of the
committee w.e.f.04.03.2025.
Reconstitution of the stakeholders relationship committee as on date of
this report are as follows:
| Name of the Members |
Position |
Nature of Directorship |
| Mr. Manoj Choudhary |
Chairman |
Independent, Non-Executive Director |
| Ms. Gayatridevi Devishankar Pandey |
Member |
Independent, Non-Executive Director |
| Mr. Satish Ramsevak Pandey |
Member |
Executive, Non Independent Director |
16. DECLARATION BY INDEPENDENT DIRECTORS
The Independent Directors of the Company have furnished the declaration
that they meet the criteria of Independence as provided in Section 149(6) of the Companies
Act, 2013 and Regulation 16(1) (b) of the SEBI (LODR) Regulations, 2015.
17. PERFORMANCE EVALUATION OF BOARD, COMMITTEES & DIRECTORS
As per the Listing Regulations, the Board of Directors of the Company
carried out the formal annual performance evaluation of all the Directors and also its
self-evaluation process, internally, to assess the skills set and contribution that are
desired, recognizing that competencies and experiences evolves over time. The process was
conducted by allowing the Board to engage in candid discussions with each Directors with
the underlying objective of taking best possible decisions in the interest of the Company
and its stakeholders. The Directors were individually evaluated based on structured
self-assessment and personal interaction to ascertain feedback on well-defined parameters
which, internally, comprised of level of engagement and their contribution to strategic
planning and other criteria based on performance and personal attributes of the Directors.
During the process of evaluation, the Board of Directors also reviewed and discussed the
annual performance evaluation of Directors carried out by the Nomination and Remuneration
Committee. A statement in detail indicating the manner, in which formal annual evaluation
has been made by the Board of Directors, is given in the Report on Corporate Governance
which forms a part of the Annual Report.
18. SELECTION AND APPOINTMENT OF DIRECTORS AND THEIR REMUNERATION
The Board of Directors in consonance with the recommendation of
Nomination and Remuneration Committee (NRC) has adopted a term of reference which
internally deals with the manner of selection of the Directors and the Key Managerial
Personnel of the Company. The NRC recommends appointment of Director/re- appointment of
Managing Director, Whole Time Directors and Independent Directors based on their
qualifications, expertise, positive attributes and independence in accordance with
prescribed provisions of the Companies Act, 2013 and rules framed there under. The NRC, in
addition to ensuring diversity of race and gender, also considers the impact the appointee
would have on Board's balance of professional experience, background, viewpoints,
skills and areas of expertise.
The Board of Directors in consonance with the recommendation of
Nomination and Remuneration Committee has also adopted the Remuneration Policy for the
Members of the Board and Executive Management. The said policy earmarks the principles of
remuneration and ensures a well-balanced and performance related compensation package
taking into account Shareholders' interest, industry practices and relevant corporate
regulations in India.
19. VIGIL MECHANISM /WHISTLE BLOWER POLICY
The Company has a Vigil Mechanism and Whistle-Blower Policy to deal
with instances of fraud and mismanagement, if any, and conducting business with integrity
including in accordance with all applicable laws and regulations. The details of the Vigil
Mechanism and Whistle Blower Policy are explained in the Report on Corporate Governance
and also posted on the website of the Company.
20. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE
(PREVENTION, PROHIBITION AND REDRESSAL) ACT ;
The Company has, during the year, rolled out a policy for prevention of
Sexual Harassment of women in the organization, although it has no woman employed in the
origination during the period under review.
21. STATUTORY AUDITORS
On recommendations of Audit Committee and Board of directors, the
Company has decided to re-appoint M/s Maark & Associates, Chartered Accountants (Firm
Reg. No. 145153W)) as the Statutory Auditors of the Company for a further period of 5
(Five) years, subject to the approval of members in the ensuing AGM, to conduct the
Statutory Audit from Financial year 2025-26 to Financial Year 2029-2030.
22. COST AUDIT
The Company is not required to maintain cost record as prescribed by
the Central Government under the provisions of Section 148 of the Act in view of the
closure of the plant in 1995 and cessation of manufacturing activities. No manufacturing
activities or related services have been undertaken by the Company since then.
23. SECRETERIAL AUDITOR
Pursuant to the provisions of Section 204 of the Companies Act, 2013
and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s
Balraj B. Vanwari., Company Secretaries have been appointed as the Secretarial Auditors to
conduct the Secretarial Audit of the Company for the Financial Year ended March 31, 2025.
There are few adverse remarks or observations made by /s Balraj B. Vanwari in the
Secretarial Audit Report.
Secretarial Audit Report:
The Report of the Secretarial Audit in Form MR-3 for the Financial Year
ended March 31, 2025, is annexed herewith as "Annexure- A" and forms part of
this report. The Secretarial Audit Report contain few adverse remark, reservation,
qualification or disclaimer remark.
24. COMPLIANCE OF SECRETARIAL STANDARDS:
The Company has complied with the applicable Secretarial Standards
issued by the Institute of Company Secretaries of India, i.e., SS-1 and SS-2, relating to
"Meetings of the Board of Directors" and "General Meetings",
respectively.
25. MATERIAL CHANGES AND COMMITMENTS
There were no material changes and commitments affecting the financial
position of the Company which have occurred between the end of the financial year of the
Company to which the financial statement relate and the date of the report.
26. REGULATORY/COURT ORDERS
During the year under report no significant and material orders were
passed by the regulators or courts or tribunals impacting the going concern status and
Company's operations in future.
27. RELATED PARTY TRANSACTIONS
All the related party transactions entered into by the Company during
the Financial Year were on an arm's length basis and were carried out in the ordinary
course of business. There are no materially significant related party transactions made by
the Company during the year under consideration with the Promoters, Directors or Key
Managerial Personnel which may have a potential conflict with the interest of the Company
at large. All
the related party transactions as required under Ind- AS 24 'Related
Party Disclosures' are reported in other explanatory information, forming part of the
financial statements. Details of related party transactions are regularly placed before
the Audit Committee and also before the Board for its approval. Wherever required prior
approval of the Audit Committee is obtained. The Company has not entered into any related
party transaction during the Financial Year pursuant to the provisions of Section 188 of
the Act read with Companies (Meetings of Board and its Powers) Rules, 2014, as amended
from time to time. Hence, disclosure in Form AOC-2 has not been given.
28. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTIONS 185
and 186 OF THE COMPANIES ACT, 2013
There are no loans or guarantees in pursuance of Sections 185 and 186
of the Companies Act, 2013.
29. DISCLOSURE OF REMUNERATION OF DIRECTORS:
Directors were also not paid remuneration or sitting fees during period
under review.
30. EXTRACT OF ANNUAL RETURN
Pursuant to Section 134(3)(a) read with Section 92(3) of the Act,
Annual Return of the Company is available on the website and can be accessed at
http://westernministil.in/
31. PARTICULARS OF EMPLOYEES
The Company has no employees except CEO., C.F.O and Company Secretary
and therefore no information required pursuant to Section 197 read with Rule, 5 of The
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is furnished.
Directors were also not paid remuneration or sitting fees during period
under review.
32. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS AND OUTGO
No information with regard to conservation of energy and technology
absorption is required to be furnished as the Company did not undertake any activity /
operation. Further, there were no foreign exchange earnings and outgo during the year
under review.
33. MANAGEMENT DISCUSSION AND ANALYSIS REPORT
The Management Discussion and Analysis Report as required under
regulation 34 of the SEBI (LODR) Regulations, 2015 is annexed "Annexure- B" to
this report.
34. GENERAL
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. Issue of equity shares with differential rights as to dividend,
voting or otherwise.
b. Issue of shares (including sweat equity shares) to employees of the
Company under any scheme.
c. The Company has no Subsidiary/JV/Associate Companies during the
year.
d. Company does not have any subsidiaries hence Neither the Managing
Director nor the Whole-time Directors of the Company receive any remuneration or
commission from any of its subsidiaries.
e. As per the requirement of the Sexual Harassment of Women at
Workplace (Prevention, Prohibition &Redressal) Act, 2013 ("POSH Act") and
Rules made thereunder, the Company has formed Internal
Complaints Committee for various work places to address complaints
pertaining to sexual harassment in accordance with the POSH Act.
f. During the year under review there are no shares in the demat
suspense account or unclaimed suspense account of the Company.
g. The Company has not issued any sweat equity shares during the year
under review and hence no information as per provisions of Section 54(1)(d) of the Act
read with Rule 8(13) of the Companies (Share Capital and Debenture) Rules, 2014 is
furnished.
h. The Company has not issued any equity shares under Employees Stock
Option Scheme during the year under review and hence no information as per provisions of
Section 62(1)(b) of the Act read with Rule 12(9) of the Companies (Share Capital and
Debenture) Rules, 2014 is furnished.
i. During the year under review, there were no instances of
non-exercising of voting rights in respect of shares purchased directly by employees under
a scheme pursuant to Section 67(3) of the Act read with Rule 16(4) of Companies (Share
Capital and Debentures) Rules, 2014 is furnished.
j. The Board of Directors have complied with applicable Secretarial
Standards as specified u/s. 118 of Companies Act, 2013.
k. The Company confirms that it has paid the Annual Listing Fees for
the year 2025-26 to BSE Ltd where the Company's Shares are listed.
l. During the Financial year no application has been made and no
proceeding is pending under the Insolvency and Bankruptcy Code, 2016.
m. During the year under review, there were no instance of one-time
settlement with banks or financial institutions and hence the differences in valuation as
enumerated under Rule 8(5)(xii) of Companies (Accounts) Rules, 2014, as amended, do not
arise.
35. HUMAN RESOURCES
Your directors believe that the key to success of any Company are its
employees. Your Company has a team of able and experienced professionals, whose dedicated
efforts and enthusiasm has been an integral part of your Company's growth. Your directors
would like to place on record their deep appreciation of their continuous effort and
contribution to the Company.
36. CASH FLOW STATEMENT
In conformity with the provisions of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 and requirements of companies Act, 2013 the
cash flow statement for the financial year ended 31.03.2025 is annexed here to as a part
of the Financial Statements.
37. DISCLOSURE AS REQUIRED UNDER CLAUSE 5A TO PARA A OF PART A OF
SCHEDULE III OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015:
No Agreement were entered pursuant to clause 5A of paragraph A of PartA
of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 during FY 2024-25and as on date.
|