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Delta Industrial Resources Ltd.

BSE: 539596 Sector: Others
NSE: N.A. ISIN Code: INE681Q01015
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VOLUME 13
52-Week high 67.90
52-Week low 15.50
P/E 258.33
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.50
Sell Qty 1036.00
OPEN 15.50
CLOSE 16.30
VOLUME 13
52-Week high 67.90
52-Week low 15.50
P/E 258.33
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.50
Sell Qty 1036.00

Delta Industrial Resources Ltd. (DELTAINDUSTRIAL) - Director Report

Company director report

Directors’ Report

To the Shareowners

Your Directors take pleasure in presenting the 31st Annual Report on thebusiness and operations of your Company along with the audited standalone financialstatements for the year ended March 31 2016.

BACKGROUND

Delta Industrial Resources Limited was incorporated under Companies Act 1956 on 19thDecember 1984. Equity Shares of the Company are listed on BSE Limited and MetropolitanStock Exchange of India Limited (MSEI) (formerly known as MCX Stock Exchange Limited).

FINANCIAL SUMMARY/HIGH LIGHTS/PERFORMANCE OF THE COMPANY (STANDALONE)

The Company’s financial results are as under:

(Amount in Rs.)

Particular Current Year 2015-16 Previous Year 2014-15
Revenue from Operations 68788419 109990485
Total revenue (including other 72848118 112016693
income)
Total Expenses: 72595937 111960907
Profit before tax 252182 55786
Tax Expenses:
Less: Current tax (77900) (17200)
Add: Deferred tax (9313) -
Profit after tax 164969 38586

BRIEF DESCRIPTION OF THE COMPANY’S WORKING DURING THE YEAR

The total revenue from operations of your Company for the year ended March 31 2016stood at Rs. 72848118 as against Rs. 112016693 for the year ended March 31 2015. TheProfit before tax stood at Rs. 252182 as compared to Rs. 55786 in the previous year. TheProfit after tax for the year ended March 31 2016 stood at Rs. 164969 as compared to Rs.38586 in the previous year ended March 31 2015.

There has been no change in the business of the Company during the year under review.

STATE OF COMPANY’S AFFAIRS

With the expected positive momentum in the Indian economy the Company is focused ongrowth and achieving profitability along with a renewed commitment to customer service.Innovations investment and positive modifications are expected in the near futureboosting the Company's revenue. Together with forward looking strategy the Company isalso focusing extensively on expanding the business and operational improvements throughvarious strategic projects for operational excellence.

RESERVES

Your Company has not transferred any amount to general reserve out of the profits ofthe year.

DIVIDEND

The Company needs further funds to enhance its business operations to upgrade theefficiency and to meet out the deficiencies in working capital. The Directors thereforedo not recommend any dividend on Equity Shares for the financial year 2015-16.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

In the opinion of the Board there has been no material changes and commitments ifany affecting the financial position of the Company which have occurred between the endof the financial year of the Company to which the financial statements relate and the dateof the report.

SHARE CAPITAL

During the year under review there is no change in share capital of the Company.

RISK MANAGEMENT

While the business risk associated with operating environment ownership structureManagement System & Policy the financial risk lies in Asset Quality LiquidityProfitability and Capital Adequacy. The company recognizes these risks and makes besteffort to mitigate them in time. Risk Management is also an integral part of theCompany’s business strategy.

Business Risk Evaluation and Management is an ongoing process within the Organization.The Company has a robust risk management framework to identify monitor and minimize riskas also identify business opportunities.

INTERNAL CONTROL SYSTEMS

The Company’s Internal Control System is designed to ensure operationalefficiency protection and conservation of resources accuracy and promptness in financialreporting and compliance with laws and regulations. The internal control system issupported by an internal audit process for reviewing the adequacy and efficiency of theCompany’s internal controls including its systems and processes and compliance withregulations and procedures.

VIGIL MECHANISM

The Company believes in the conduct of its affairs in a fair and transparent manner byadopting highest standards of professionalism honesty integrity and ethical behavior.The Company is committed to develop a culture in which every employee feels free to raiseconcerns about any poor or unacceptable practice and misconduct. In order to maintain thestandards has adopted lays down this Whistle Blower Policy to provide a framework topromote responsible and secure whistle blowing. The Board of Directors of your Company hasadopted the Vigil Mechanism and Whistle Blower Policy in compliance of Companies Act2013.

HUMAN RESOURCES

People remain the most valuable asset of your Company. Your Company follows a policy ofbuilding strong teams of talented professionals. Your Company continues to build on itscapabilities in getting the right talent to support different products and geographies andis taking effective steps to retain the talent. It has built an open transparent andmeritocratic culture to nurture this asset.

The Company recognizes people as its most valuable asset and the Company has kept asharp focus on Employee Engagement. The Company’s Human Resources is commensuratewith the size nature and operations of the Company.

COMPLIANCE

The Company has complied and continues to comply with all the applicable regulationscirculars and guidelines issued by the Ministry of Corporate Affairs (MCA) StockExchange(s) Securities and Exchange Board of India (SEBI) etc.

The Company has complied with all applicable provisions of the Companies Act 1956 andthe Companies Act 2013 Listing Agreement executed with the Stock Exchanges SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 and other applicablerules/regulations/guidelines issued from time to time.

DEPOSITS

During the year under review the Company has not accepted any deposits from the publicunder Section 73 of the Companies Act 2013 and rules made thereunder. There is nounclaimed or unpaid deposit lying with the Company.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP):

Board of Directors

1. Designation of Mr. Pawan Kumar Mittal & Ms. Kiran Mittal Directors of theCompany has been changed from Executive Director to Non-Executive director w. e. f May 302016.

2. In accordance with the provisions of 152 and other applicable provisions of theCompanies Act 2013 Mr. Pawan Kumar Mittal will retire at the ensuing AGM and beingeligible seek reappointment. The Board recommends his re-appointment.

Key Managerial Personnel (KMP)

1. Ms. Kiran Mittal has resigned from the post of Chief Financial Officer (CFO) of theCompany w. e. f May 30 2016. The Board places on record its profound appreciation for thecontributions made by them during their tenure as CFO of the Company. The Company islooking for suitable candidate for the post of CFO of the Company.

2. Mr. Alok Nath Singh has resigned from the post of Company Secretary and ComplianceOfficer of the Company w.e.f May 30 2016. In his place Board of Directors of the Companyhas appointed Ms. Shruti Mittal (Membership No.: ACS 45391) as Company Secretary andCompliance Officer of the Company w.e.f May 30 2016. However Ms. Shruti Mittal hasresigned from the post of Company Secretary and Compliance Officer w.e.f June 02 2016.After that the Board of Directors of the Company has appointed Mr. Alok Nath Singh(Membership No.: ACS A31643) as Company Secretary and Compliance Officer of the Companyw.e.f July 11 2016.

BOARD EVALUATION

The performance of the Board was evaluated by the Board after seeking inputs from allthe directors on the basis of the criteria such as the board composition and structureeffectiveness of board processes information and functioning etc. The performance of thecommittees was evaluated by the board after seeking inputs from the committee members onthe basis of the criteria such as the composition of committees effectiveness ofcommittee meetings etc. In a separate meeting of independent directors performance ofnon-independent directors performance of the board as a whole and performance of thechairman was evaluated taking into account the views of executive directors andnon-executive directors. The same was discussed in the board meeting that followed themeeting of the independent directors at which the performance of the board itscommittees and individual directors was also discussed. Performance evaluation ofindependent directors was done by the entire board excluding the independent directorbeing evaluated.

PARTICULAR OF EMPLOYEES AND RELATED DISCLOSURES

The information required under Section 197(12) of the Companies Act 2013 read withrule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 are given below:

i) The ratio of the remuneration of each Director to the median remuneration of theemployees of the Company for the financial year:

Directors Ratio to median remuneration#
Mr. Rohit Mittal N.A
Mr. Pawan Kumar Mittal N.A
Ms. Kiran Mittal N.A
Mr. Jitendra Kumar Agarwal N.A
Mr. Prakash Chand Jajoria N.A
Mr. Prem Prakash Gandhi N.A

# No Remuneration was paid to directors during the year under review except sittingfees.

ii) The percentage increase in remuneration of each Director Chief ExecutiveOfficer Chief Financial Officer Company Secretary or Manager if any in the FinancialYear:

No Remuneration was paid to Directors and CFO during the year under review andpreceding year. Hence percentage increase in remuneration cannot be computed. W.r.tremuneration to Company Secretary there is no percentage increase in remuneration duringthe year under review as compared to previous year.

iii) The percentage increase in the median remuneration of employees in thefinancial year: NIL

iv) the number of Permanent employees on the rolls of the company : 5

v) average percentile increase already made in the salaries of employees other thanthe managerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration: Therewas no increase in the salaries of employees and managerial personnel in the lastfinancial year. Hence the comparison between the two cannot be made.

vi) Affirmation that the remuneration is as per the remuneration policy of thecompany: It is hereby affirmed that the remuneration paid during the year is as perthe Remuneration Policy of the Company.

DISCLOSURE UNDER RULE 5 (2) & (3) OF THE COMPANIES (APPOINTMENT AND REMUNERATION ORMANAGERIAL PERSONNEL) RULES 2014

A. Details of Top ten employees in terms of remuneration drawn:

Name & Designation Age (in Years) Remuneration Received Nature of Employment (Contractual or otherwise) Qualification & Experience Date of commencem ent of Employment Last Employm- Ent %of Equity Share held Whether related to Director or Manager
Nidhi Marwaha Accountant 40 426670 Regular Graduate 10-04-2015 Star Traders - No
Alok Nath Singh Company Secretary 27 252000 Regular C.S. 01-07-2014 Practising Company Secretary - No
Amita# Garg Co- ordinator 46 161000 Regular Graduate 11-04-2015 SGC Services Private Limited - No
Kuldeep Pandey Field Boy 24 102718 Regular Graduate 18-07-2014 NA - No

#Resigned w.e.f September 01 2015

B. Details of other employees under aforesaid Rules:

Nil

DIRECTOR’S APPOINTMENT AND REMUNERATION POLICY

The Company’s policy on directors’ appointment and remuneration includingcriteria for determining qualifications positive attributes independence of a directorand other matters provided under sub section (3) of Section 178 of the Companies Act2013 as is adopted by the Board.

The Company has adopted a comprehensive policy on Nomination and Remuneration ofDirectors on the Board. As per such policy candidates proposed to be appointed asDirectors on the Board shall be first reviewed by the Nomination and RemunerationCommittee in its duly convened Meeting. The Nomination and Remuneration Committee shallformulate the criteria for determining the qualifications positive attributes andindependence of a Director and recommend to the Board a policy relating to theRemuneration for the Directors Key Managerial Personnel and other employees. TheNomination and Remuneration Committee shall ensure that—

a) The level and composition of remuneration is reasonable and sufficient to attractretain and motivate directors of the quality required to run the company successfully; b)Relationship of remuneration to performance is clear and meets appropriate performancebenchmarks; and

c) Remuneration to directors and senior management involves a balance between fixed andincentive pay reflecting short and long-term performance objectives appropriate to theworking of the company and its goals. During the year under review none of the Directorsof the company receive any remuneration.

STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTOR OF THE COMPANY

All the Independent Directors are well appointed on the Board of Company in compliancewith the Companies Act 2013. The Company has received declarations from all theIndependent Directors of the Company confirming that they meet the criteria ofIndependence under sub-section (6) of section 149 of the Act.

SEPARATE MEETING OF INDEPENDENT DIRECTORS

In due compliance with the provisions of the Companies Act 2013 read with the rulesmade there under a separate meeting of independent directors performance ofnon-independent directors performance of the board as a whole was evaluated taking intoaccount the views of directors and non-executive directors. The same was discussed in theboard meeting that followed the meeting of the independent directors at which theperformance of the Board its committees and individual directors was discussed.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS MADE U/S 186

Details of Loans Guarantees and Investments covered under the provisions of Section186 of the Companies Act 2013 are given in the notes to the Financial Statements.

PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTIES U/S 188

The particulars of contracts or arrangements with related parties referred to insub-section (1) of Section 188 of the Companies Act 2013 is prepared in Form No. AOC-2pursuant to clause (h) of sub-section (3) of Section 134 of the Act and Rule 8(2) of theCompanies (Accounts) Rules 2014 and is in Annexure-A to this Report.

MEETINGS

The agenda and Notice for the Meetings is prepared and circulated in advance to theDirectors. The Board of Directors of the Company met Five (5) times during the financialyear 2015-16 i.e. 30th May 2015 12th August 2015 01st September2015 06th November 2015 and 13th February 2016.

Details of attendance of board meetings by directors of the Company are as follows:

Name of the Director Nos. of meetings attended
Mr. Rohit Mittal 5
Mr. Pawan Kumar Mittal 5
Ms. Kiran Mittal 5
Mr. Jitendra Kumar Agarwal 5
Mr. Prakash Chand Jajoria 3
Mr. Prem Prakash Gandhi 5

The necessary quorum was present in all the meetings. The intervening gap between anytwo meetings was not more than one hundred and twenty days as prescribed by the CompaniesAct 2013.

COMPOSITION/COMMITTEES OF THE BOARD:

AUDIT COMMITTEE:

The Board has re-constituted an Audit Committee in accordance with the requirement ofCompanies Act 2013 and other applicable provisions. All members of Audit Committee arefinancially literate and 2 Directors out of 3 members have financial management expertise.This Committee comprises of the following Directors as on date:

S.No. Name of the Director Category
1. Mr. Prem Prakash Gandhi (DIN: 07062091) Chairman
2. Mr. Prakash Chand Jajoria (DIN: 07020057) Member
3. Mr. Rohit Mittal (DIN: 02527072) Member

The Audit Committee met Five (5) times during the financial year 2015-16 on May 292015 August 11 2015 August 31 2015 November 02 2015 and February 11 2016. Detailsof attendance of meetings of Committee by members are as follows:

Name of the Member Nos. of meetings attended
Prem Prakash Gandhi 5
Jitendra Kumar Agarwal* 4
Kiran Mittal# 5
Prakash Chand Jajoria 1

* Audit Committee was reconstituted effective from November 06 2015 where Mr. PrakashChand Jajoria was inducted in place of Mr. Jitendra Kumar Agarwal. #Audit Committee wasreconstituted effective from May 30 2016 where Mr. Rohit Mittal was inducted in place ofMs. Kiran Mittal.

During the year under review the Board accepted all the recommendations made by theAudit Committee of the Board.

NOMINATION AND REMUNERATION COMMITTEE:

The Company had re-constituted the Remuneration Committee (renamed as Nomination andRemuneration Committee) to decide and fix payment of remuneration and sitting fees to theDirectors of the Company as per provisions u/s 178 of the Companies Act 2013. Thiscommittee will look after the functions as enumerated u/s 178 of the Companies Act 2013.As on date this Committee comprises of the following Directors as on date:

S. No. Name of the Director Category
1. Mr. Prem Prakash Gandhi (DIN: 07062091) Chairman
2. Mr. Prakash Chand Jajoria (DIN: 07020057) Member
3. Mr. Jitendra Kumar Agarwal(DIN: 00850314) Member

The Nomination and Remuneration Committee met Three (3) times during the financial year2015-16 on May 28 2015 August 28 2015 and November 02 2015. Details of attendance ofmeetings of Committee by members are as follows:

Name of the Member Nos. of meetings attended
Jitendra Kumar Agarwal 3
Prem Prakash Gandhi 3
Pawan Kumar Mittal# 3

# Nomination and Remuneration Committee was reconstituted effective from May 30 2016where Mr. Prakash Chand Jajoria was inducted in place of Mr. Pawan Kumar Mittal.

STAKEHOLDER RELATIONSHIP COMMITTEE:

The Stakeholder Relationship Committee looks into the redressal of the shareholderscomplaints in respect of any matter including transfer of shares non receipt of annualreport non receipt of declared dividend etc. As on date This Committee comprises of thefollowing Directors as on date:

S. No. Name of the Director Category
1. Mr. Prem Prakash Gandhi (DIN: 07062091) Chairman
2. Mr. Prakash Chand Jajoria (DIN: 07020057) Member
3. Mr. Pawan Kumar Mittal (DIN: 00749265) Member

The Stakeholder Relationship Committee met Five (5) times during the financial year2015-16 on May 28 2015 August 28 2015 November 02 2015 January 04 2016 and March12 2016. Details of attendance of meetings of Committee by members are as follows:

Name of the Member Nos. of meetings attended
Jitendra Kumar Agarwal# 3
Prakash Chand Jajoria 5
Pawan Kumar Mittal 5
Mr. Prem Prakash Gandhi# 2

# Stakeholder Relationship Committee was reconstituted effective from November 062015 where Prakash Chand Jajoria was inducted in place of Jitendra Kumar Agarwal.

AUDITORS

STATUTORY AUDITORS

M/s V. N. Purohit & Co. Chartered Accountants (FRN: 304040E) was appointed asStatutory Auditors of the Company at the last AGM held on September 30 2015 and shallhold office till the conclusion of ensuing AGM.

In terms of provisions of Sections 139 140 and other applicable provisions if any ofthe Companies Act 2013 and the Rules made there under your Board is proposing to appointM/s V. N. Purohit & Co. Chartered Accountants as Statutory Auditors of the Company tohold office from the conclusion of ensuing Annual General Meeting till the conclusion ofthe 34th Annual General Meeting of the Company to be held in the year 2019(subject to ratification of their appointment at every AGM). The Company has receivedletter from M/s V. N. Purohit & Co. Chartered Accountants to the effect that theirappointment if made shall be in accordance with the conditions as prescribed in the Rule4 of the Companies (Audit and Auditors) Rules 2014 and that they are not disqualifiedfor appointment within the meaning of Section 139 and 141 of the Companies Act 2013. TheBoard recommends their appointment.

STATUTORY AUDITORS’ REPORT

The Auditors Report has been annexed with this report; Auditors’ observations areself explanatory which do not call for any further clarifications except that the companyhas not passed special resolution of members in respect of loans investments guaranteesand security given above the limit as prescribed under section 186 of the Companies Act2013 and accordingly has not complied with such provision & delay in payment ofservice tax and TDS.

Response of Board of Directors: With respect to compliance of Section 186 ofCompanies Act 2013 the board assures that it will take necessary steps to comply theprovisions of Section 186 of Companies Act 2013 at the earliest. With respect to delay inpayment of service tax and TDS we assure that necessary action will be taken so that nodelay happens in future.

SECRETARIAL AUDIT

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 of Directorsof the Company has appointed M/s Sakshi Jain & Associates Practicing CompanySecretary to undertake the Secretarial Audit of the Company for the Financial Year2015-16. The Secretarial Audit Report is annexed herewith as "Annexure B".

SECRETARIAL AUDITORS’ REPORT

The Secretarial Auditors Report has been annexed with this report. There has been noqualification reservation or adverse remarks made by the Secretarial Auditors in theirreport for the financial year ended 31st March 2016 except that the that the members ofthe Company has not passed special resolution in respect of loans investments guaranteesand security given above the limit as prescribed under section 186 of the Companies Act2013.

Response of Board of Directors: The Board assures that it will take necessarysteps to comply the provisions of Section 186 of Companies Act 2013 at the earliest.

INTERNAL AUDITORS

Pursuant to the provision of Section 138 of the Companies Act 2013 has mandated theappointment of Internal Auditor in the Company. Accordingly the Board had appointed M/sS.K. Goel & Associates Chartered Accountants as the Internal Auditors of the Companyfor the financial year 2015-16.

EXTRACT OF ANNUAL RETURN

In accordance with Section 134(3)(a) of the Companies Act 2013 an extract of theannual return in Form MGT 9 is annexed herewith as "Annexure C".

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

In view of the nature of the activities carried out by the Company Section 134(3)(m)of the Companies Act 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014relating to conservation of energy and technology absorption are not applicable to theCompany. However the Company makes all efforts towards conservation of energy protectionof environment and ensuring safety. During the year under review the Company had noearnings and expenditure in foreign exchange.

DIRECTORS RESPONSIBILITY STATEMENT

In terms of Section 134(5) of the Companies Act 2013 your directors hereby confirmthat:

(a) in the preparation of the annual accounts for the financial year ended March 312016 the applicable accounting standards have been followed along with proper explanationrelating to material departures; (b) the directors have selected such accounting policiesand applied them consistently and made judgments and estimates that are reasonable andprudent so as to give a true and fair view of the state of affairs of the Company at theend of the financial year and of the profit and loss of the Company for that period;

(c) the directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and preventing and detecting fraud and otherirregularities;

(d) the directors have prepared the annual accounts for the financial year ended March31 2016 on a going concern basis;

(e) the directors have laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and are operatingeffectively;‘ and

(f) the directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems are adequate and operating effectively.

SUBSIDIARIES JOINT VENTURES OR ASSOCIATE COMPANIES

The Company does not have any Subsidiary Joint Venture or Associate Company.

CORPORATE GOVERNANCE

Since the paid- up capital of the Company is less than Rs. 10 Crores and Net worth isless than Rs.

25 Crores the provisions of the Corporate Governance as stipulated under Regulation15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 are notapplicable to the Company. However your Company has made every effort to comply with theprovisions of the Corporate Governance and to see that the interest of the Shareholdersand the Company are properly served. It has always been the Company’s endeavor toexcel through better Corporate Governance and fair & transparent practices many ofwhich have already been in place even before they were mandated by the law of land. Themanagement of Company believes that it will further enhance the level of CorporateGovernance in the Company

CORPORATE SOCIAL RESPONSIBILITY

The Company is not required to spend any amount in respect of Corporate SocialResponsibility as provisions relating to Corporate Social Responsibility under Section 135of Companies Act 2013 is not applicable to Company.

DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION& REDRESSAL) ACT 2013 READ WITH RULES

Pursuant to the requirements of Section 22 of Sexual Harassment of Women at Workplace(Prevention Prohibition & Redressal) Act 2013 read with Rules there under theCompany has not received any complaint of sexual harassment during the year under review.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

There has been no significant and material order passed by any regulator courts ortribunals impacting the going concern status and operations of the Company in future.

DISCLOSURE OF FRAUDS IN THE BOARD’S REPORT U/S 143 OF THE COMPANIES ACT 2013

During the year under review your Directors do not observe any transactions whichcould result in a fraud. Your Directors hereby declares that the Company has not beenencountered with any fraud or fraudulent activity during the Financial Year 2015-2016.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Pursuant to Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 a detailed Management Discussion and Analysis Report has been appendedseparately which forms part of this report and the Annual Report.

ACKNOWLEDGMENT

Your Directors wish to express their sincere appreciation for the support andcooperation which the Company continues to receive from its clients Banks GovernmentAuthorities Financial Institutions and associates and are grateful to the shareholdersfor their continued support to the Company. Your Directors place on record theirappreciation for the contributions made and the efforts put in by the management team andemployees of the Company at all levels.

By the order of the Board
For Delta Industrial Resources Limited
Sd/- Sd/-
Pawan Kumar Mittal Rohit Mittal
Date: 13/08/2016 (Chairman and Director) (Managing Director)
Place: New Delhi DIN: 00749265 DIN: 02527072