You are here » Home » Companies » Company Overview » Shelter Infra Projects Ltd

Shelter Infra Projects Ltd.

BSE: 526839 Sector: Infrastructure
NSE: N.A. ISIN Code: INE413C01013
BSE LIVE 13:36 | 27 Nov 7.70 0.03
(0.39%)
OPEN

7.70

HIGH

7.70

LOW

7.70

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.70
PREVIOUS CLOSE 7.67
VOLUME 31
52-Week high 13.60
52-Week low 4.75
P/E 6.36
Mkt Cap.(Rs cr) 3
Buy Price 7.35
Buy Qty 51.00
Sell Price 7.70
Sell Qty 469.00
OPEN 7.70
CLOSE 7.67
VOLUME 31
52-Week high 13.60
52-Week low 4.75
P/E 6.36
Mkt Cap.(Rs cr) 3
Buy Price 7.35
Buy Qty 51.00
Sell Price 7.70
Sell Qty 469.00

Shelter Infra Projects Ltd. (SHELTERINFRA) - Director Report

Company director report

Dear Shareholders

On behalf of the Board of Directors it is our pleasure to present the Forty FifthAnnual Report together with the Audited Statement of Accounts of Shelter Infra ProjectsLimited ("the Company") for the year ended 31" March 2017.

Financial Performance

The summarized standalone results of your Company are given in the table below.

Rs. in Lacs

Particulars

Financial Year ended

Standalone

31/03/2017 31/03/2016
Total Income 311.71 342.07
Profit/(loss) before Interest Depreciation & Tax (EBITDA) 28.52 33.18
Finance Charges NIL NIL
Depreciation 30.53 36.3
Provision for Income Tax (including for earlier years) 0 0
Net Profit/ (Loss) After Tax (0.24) 7.37
Profit/(Lo$s) brought forward from previous year (283.73) (291.1)
Amount transferred consequent to Scheme of Merger NIL NIL
Profit/(Loss) carried to Balance Sheet (283.97) (283.73)

?previous year figures have been regrouped/rearranged wherever necessary.

SHARE CAPITAL:

The paid up equity capital as on March 31 2017 was Rs. 35701610.0 consisting of3570161 shares of ‘ 10/- each. The company has not issued shares with differentialvoting rights nor granted stock options nor sweat equity.

DIVIDEND:

Your Directors regret to declare any dividend for the year under report due to theoperating profit will be absorbed for the development of projects during the year.

OPERATIONAL REVIEW:

Pursuant to Sec 134 (3)(q) of the Companies Act 2013 ('the Act') Gross revenuesdecrease to Rs. 311.71Lacs against Rs342.07Lacs in the previous year. Profit beforedepreciation and taxation was Rs. 28.52 lacs against Rs. 33.18 Lacs in the previous year.After providing for depreciation and taxation of Rs. 33.53 Lacs & Rs niJ respectivelythe net profit of the Company for the year under review was placed at Rs. (0.24) Lacs asagainst Rs. 7.37 lacs in the previous year. Due to tough market conditions and on accountof very high levels of taxation the compa ny's turnover in terms of value has reduced at amarginal 8.87 % during the year under review. However the profit after tax hasreduced at a marginal by 103.26% due to unprecedented high levels of Raw Material pricesthroughout the year.

TRANSFER TO RESERVES:

No amount has been transferred to reserves during the financial year.

MATERIAL CHANGES & COMMITMENTS

Pursuant to Sec 134 {4) (I) of the Companies Act 2013 ('the Act') no material changes& Commitments affecting financial position of the company occurring between the end ofthe financial year of the company to which the financial statements relate and the date ofthe report.

INDUSTRY SCENARIO:

As compared to last year the real estate industry will show signs of revival in theyear 2017. By introducing regulations like RERA Benami Transaction Prohibition REITSGST there is a long-term industrial growth and it also impacts on ease of business bytransparency at work. In the year 2017 a lot is expected out of the Govt to offer somerelief for the sector and its stakeholders.

These regulations compiled with low inflations proposals like deduction in profit foraffordable housing construction interest subsidy from first time home buyer and reductionin overall interest rates would outcome the very contours of real estate 2017. With therecent Demonetization the affordable housing segment is benefited as compared to theluxury housing segment as this segment comes under that category of people who aredependent on home loans for transactions. Fall in interest rates would further add on tothe growth of affordable housing which would be visible more in the longer term.

Due to high demand of quality office/Retail space commercial real estate market inIndia continues to grow at a steady rate especially in IT/ITEs driven markets likeHyderabad Bangalore Pune and Chennai. Positive changes in policy and regulations havegiven a further boost to commercial segment.

It is hard to forecast the Indian real estate market that is highly driven bysentiments however it looks set to be a good year for Indian Real Estate in 2017. Thingswill start improving once the the government cracks the whip on benami property holdersand the Real Estate Regulation and Development Act 2016 (RERA) gets implemented by thestates. Obviously the year 2017 will see the Indian real estate sector to be still moretransparent credible and attractive with only organised players on the ground. Most ofthe leading banks has slashed interest rates on home loans effective from January 1 2017and many other banks likely to follow the suit which will definitely boost the confidenceof buyers investors and developers. Also government has announced the benefits on homeloan interest to the people with lower incomes by providing rebates of up to 4 percent onhome loan of 12 Lakhs taken under Pradhan Mantri Awas Yojana.

In 2017 as real estate prices have already bottomed out stabilized in these citieswith no scope or very minimum chance of further coming down the primary realty marketacross larger cities will go up and the buyers who sitting on the fence who had postponedtheir decision expecting further decrease in prices have already understood the groundreality and have started coming back at least in the case of credible and established longterm players of good brand value.

STATE OF THE COMPANY'S AFFAIRS

Pursuant to Sec 134 (3) (i) of the Companies Act 2013 ('the Act') As we look forwardto 2017 the macroeconomic environment is expected to continue to improve. Thesingle-family housing sector pricing and sales continues to strengthen albeit at a slowand inconsistent pace. These positive macroeconomic parameters could potentially provide afurther boost to the strengthening Commercial Real Estate recovery.

At the longer-term apex of the triangle focus on broad concepts strategies anddirection. The Company has also incorporated two LLP joint venture company i.e KEVALININFRA DEVELOPERS LLP and SANDHIJA INFRA DEVELOPMENT LLP to implant new affordable housingprojects for the company.

Disposable income of the people remains the primary factor In determining theaffordability. As a result it becomes the increased responsibility of the government tocater to the rising demand for affordable housing. The Government of India has takenvarious measures to meet the increased demand for affordable housing along with somedevelopers and stressing on public-private partnerships (PPP) for development of theseunits.

FIXED DEPOSITS:

Your Company has not accepted any deposits within the meaning of Section 73 of theCompanies Act 2013 and the Companies (Acceptance of Deposits) Rules 2014.

EXTRACT OF ANNUAL RETURN ;

Pursuant to section 92(3) of the Companies Act 2013 {'the Act') and rule 12(1) of theCompanies (Management and Administration) Rules 2014 extract of annual return is Annexedas ANNEXURE 1.

BOARD MEETINGS:

During the Financial Year Four Meeting of Board of Directors held on 27.05.201612.08.2016 14.11.2016 and 10.02.2017.

Name of Director No. of Board meetings attended Attendance at last AGM
MR. CHINMOY MAZUMDAR 4 YES
MR. SHIB RAM NAG 4 YES
MR. DWIJA DAS CHATTERJEE 1 YES
MR. SANKALAN DATTA 4 YES
MR. KAJAL CHATTERJEE 1 -
MR. KAMAL KISHORE CHOWDHURY 4 YES
MISS MOUMANA PAL 4 YES

COMMITTEES OF BOARD:

The details of composition of the Committees of the Board of Directors are as under:-a. Audit Committee

The Audit Committee comprises of 3 Directors Mr. Chinmoy Mazumdar as Chairman Mr.Kamal Kishore Choudhury & Mr. Shibram Nag as members of the Committee. The Committeehas the necessary financial background and expertise in financial and internal controlareas.

The composition of the Audit Committee and the details of meetings attended by theDirectors are given below:

SI. No. Name Category No of Meeting Attended
1. MR. CHINMOY MAZUMDAR (Chairman) Non executive & Non- Independent 4
2. MR. SHIB RAM NAG (Members) Non Executive & Independent 4
3. MR. KAMAL KISHORE CHOWDHURY (Members) Non executive 8i Independent 4

During the Financial year the Audit Committee held 4 meetings held on 27.05.201612.08.2016 14.11.2016 and

10.02.2017.

The Audit Committee of the Company meets before the Finalization of Accounts in eachyear and also meets in each quarter before the results of that quarter is published in thenewspapers and informed to the stock exchanges as required under SE8I (ListingObligations and Disclosure Requirements) Regulations 2015. No recommendation of auditcommittee which have not been accepted by the board during the financial year.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

In accordance with Section 177(9) and (10) of the Companies Act 2013 and Regulation 22of under Sebi (Listing Obligations and Disclosure Requirements) Regulations 2015 theCompany has established a Vigil Mechanism and has a Whistle Blower Policy. The policy isavailable at the Company's website www.ccaoltd.in under link -http://ccapltd.in/VIGIL%20MECHANISM.pdf .

b. Nomination & Remuneration Committee

SI. No. Name Chairman/ Members No of Meeting Attended
1. MR CHINMOY MAZUMDAR (Non executive & Non- Independent) Chairman 0
2. MR SHIB RAM NAG

(Non Executive & Independent)

Member 0
3. MR KAMAL KISHORE CHUDHARY (Non Executive & Independent) Member 0

During the financial year no meeting held for Nomination 8i Remuneration Committee c.Stakeholders Relationship Committee

SI. No. Name Chairman/ Members No of Meeting Attended
1. MR. CHINMOY MAZUMDAR Chairman

(Non-executive)

4
2. MR DWIJA DAS CHATTERJEE Member 1
3. MR. KAMAL KISHOR CHOUDHARY Member 4
4 Mr. SANKALAN DUTTA MEMBER 3

During the year the Committee Meetings held on 27.05.2016. 12.08.2016. 14.11.2016 and10 .02.2017.

DIRECTOR'S RESPONSIBILITY STATEMENT:

Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of theCompanies Act 2013 your Directors confirm that:

a) in the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

b) the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit and loss of the company for that period;

c) the directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

d) the directors had prepared the annual accounts on a going concern basis; and

e) the directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively.

f) the directors had devised proper systems to ensure compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively.

DECLARATION BY INDEPENDENT DIRECTORS:

Mr Sankalan Dutta Mr. Kajal Chatterjee Mr. Kamal Kishore Chowdhary Miss Maumana Paland Mr. Shib Ram Nag are independent Directors on the Board of your Company. In theopinion of the Board and as confirmed by these Directors they fulfil the conditionsspecified in section 149 of the Act and the Rules made thereunder about their status asIDs of the Company.

The Company has received necessary declarations from all the Independent Directorsunder Section 149(7) of the Companies Act 2013 that they meet the criteria ofindependence as provided in Section 149(6) of the Companies Act 2013.

Pursuant to Sec 134 (3){q) of the Companies Act 2013 ('the Act') The IndependentDirectors hold office for a fixed term of 5 years and are not liable to retire byrotation. No Independent Director has retired during the year.

COMPANY'S POLICY ON APPOINTMENT AND REMUNERATION:

This Policy envisages the role and responsibility of the Independent DirectorsConstitution of the Nomination and Remuneration Committee term of appointment ofManagerial Personnel Directors KMPs Senior Management remuneration of the ManagerialPersonnel KMPs Senior Management Independent Directors Stock Options to ManagerialPersonnel KMPs Senior Management other employees evaluation of Managerial Personnelunder sec 134 of the act KMPs Senior Management Independent Directors etc. TheNominatio-n and Remuneration Committee will consist of three or more nonexecutivedirectors out of which at least one-half shall be independent director(s) provided thatChairperson of the Company may be appointed as a member of this Committee but shall notchair such Committee. The Board shall reconstitute the Committee as and when required tocomply with the provisions of the Companies Act 2013 and applicable statutoryrequirements including the Listing Agreement. The meeting of Committee shall be held atsuch regular intervals as may be required to carry out the objectives set out in thePolicy. The Committee members may attend the meeting physically or through Videoconference or through permitted audio -visual mode subject to the provisions of theapplicable laws. The Committee shall have the authority to call such employee (s) seniorofficial(s) and / or externals as it deems fit. The Company Secretary shall act asSecretary to the Committee. For detailed information about the policy your are requestedto visit your company website www.ccapltd.in .

Pursuant to Section 197(14)_of the Companies Act 2013 ('the Act') There is no receiptof any commission by MD / WTD from a Company and also not receiving commission /remuneration from it Holding or subsidiary.

STATUTORY AUDITORS. THEIR REPORT AND NOTES TO FINANCIAL STATEMENTS:

M/s. G. Basu & Co Chartered Accountants having registration number FRN 301174Eallotted by The Institute of Chartered Accountants of India (ICAI) retires as Auditor ofyour Company and therefore they are not eligible for reappointment as their tenure isexpired as per the provisions of Companies Act 2013.

On recommendation Audit committee M/s. Basu Chancham & Deb Chartered Accountants(Registration No. 304049E) are being proposed for as the Auditors of the Company in placeof the retiring Auditors to hold office from the conclusion of this 45" AnnualGeneral Meeting till the conclusion of the 50h Annual General Meeting subjectto approval of appointment by the shareholders at ensuing Annual General Meeting andratification of relevant appointment in each annual general meeting during period ofappointment.

The Auditor have confirmed their eligibility for their appointment under Section 141of the Companies Act 2013. As required under Regulation No: 33(l)(d) of under SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 the Auditors havealso confirmed that they hold a valid certificate issued by the Peer Review Board of theInstitute of Chartered Accountants of India.

Further the report of the Statutory Auditors alongwith notes to Schedules is enclosedto this report. The observations made in the Auditors' Report are explained below.

• In view of the ongoing discussion with the State Bank of India with respect toOne Time Settlement of the dues the Company has not considered interest on the Term Loans& Cash Credit for the quarter ended 31st March 2017 for an amount of Rs.175.90 Lacand the Cumulative Interest for the year ended on 31st March 2017 amounts to Rs. 676.72Lac. It may be considered as a stop gap arrangement and not as a deviation of ASl.Sincethe Company is expecting substantial waiver of the total interest payable to State Bank ofIndia based on ongoing discussion the consequential effect on the Net Profit/Net Loss andthe Net Worth cannot be estimated /quantified now and will depend on the outcome of thefinal One Time settlement.

SECRETARIAL AUDIT:

In terms of Section 204 of the Act and Rules made there under M/s. K. Arun & Co.Practicing Company Secretary have been appointed Secretarial Auditors of the Company. Thereport of the Secretarial Auditors is enclosed as ANNEXURE 2 to this report. The report isself-explanatory and do not call for any further comments.

BOARD EVALUATION:

Pursuant to Section 134(3)(p) of the Companies Act 2013 Independent Directors haveevaluated the quality quantity and timeliness of the flow of information between theManagement and the Board Performance of the Board as a whole and its Members and otherrequired matters. Pursuant to Schedule II Part D of under SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 the Nomination and Remuneration Committee haslaid down evaluation criteria for performance evaluation of Independent Directors whichwill be based on attendance expertise and contribution brought in by the IndependentDirector at the Board Meeting which shall be taken into account at the time ofreappointment of Independent Director.

PARTICULARS OF LOANS. GUARANTEES AND INVESTMENTS

Pursuant to Section 134(3)(g) of the Companies Act 2013 the details of loansguarantees and investments are provided under respectively of Notes forming part ofStandalone financial statements.

RISK MANAGEMENT POLICY

Pursuant to Section 134(3)(n) of the Companies Act 2013 the Company has developed andimplemented a Risk Management Policy. The Policy envisages identification of risk andprocedures for assessment and minimisation of risk thereof.

HUMAN RESOURCES:

Your Company treats its "human resources" as one of its most importantassets.

Your Company continuously invest in attraction retention and development of talent onan ongoing basis. A number of programs that provide focused people attention are currentlyunderway. Your Company thrust is on the promotion of talent internally through jobrotation and job enlargement.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS:

Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (viii) of Cos (Accounts) Rules 2014 of theCompanies Act 2013 ('the Act') During the year under review the no significant andmaterial orders were passed by the regulators or courts or tribunals impacting the goingconcern status and company's operations except:

Statue Nature of Dues Amount Asst Year Regulators
Income Tax Act 1961 Income tax and Interest 2775690.00/- 14-15 DCIT Kolkata
Income Tax Act 1961 Income tax and Interest 103789900/- 2012-13 CIT APPEAL Kolkata
SEBI Act /SCRA act 1956 Penalty 5700000.00/- Dec 2016 SATS MUMBAI

INTERNAL FINANCIAL CONTROLS

Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (vii) of Cos (Accounts) Rules 2014 of theCompanies Act 2013 ('the Act'JThe internal financial controls with reference to theFinancial Statements are commensurate with the size and nature of business of the Company.Audit committee of your company has performed regular review on internal financialcontrols of your company.

RELATED PARTY TRANSACTIONS:

All Related Party Transactions that were entered into during the financial year were onarm's length and were in the ordinary course of business. All Related Party Transactionswere placed before the Audit Committee of the Board of Directors for their approval. TheAudit Committee has granted omnibus approval for Related Party Transactions as per theprovisions and restrictions contained in the Under Sebi (Listing Obligations AndDisclosure Requirements) Regulations 2015.

The Company has formulated a policy on materiality of Related Party Transactions andalso on dealing with Related Party Transactions. The policy is available on the Company'swebsite aunder link http://ccapltd.in/RELATED%20PARTY%20TRANSAai0N%20P0LICY.pdf .

o The Company in the ordinary course of its business enters into transactions relatingto Sale purchase or supply of any goods or materials Selling or otherwise disposing ofor buying property of any kind Leasing of property of any kind. Availing or rendering ofany services. Appointment of any agent for purchase or sale of goods materials servicesor property other obligations from Senguro Infracon Pvt. Ltd. Shelter BrickfieldsAkankha Nirman pvt Ltd.Ramayana Promoters Private Limited Bharat Shelter Limited Bengalshelter housing development ltd and MZM Nirman Pvt. Ltd. who is a 'Related Party' withinthe meaning Section 2(76) of the Companies Act 2013 and under Sebi (Listing ObligationsAnd Disclosure Requirements) Regulations 2015. The current and the future transactionsare/will be deemed to be 'material' in nature as defined in under Sebi (ListingObligations And Disclosure Requirements) Regulations 2015 as they may exceed 10 per centof the annual turnover of the Company based on future business projections. Thus in termsof under Sebi (Listing Obligations And Disclosure Requirements) Regulations 2015 thesetransactions would require the approval of the members by way of a Special Resolution.

Pursuant to Sec 134 (3)(q) of the Companies Act 2013 no companies have become/ceasedto be subsidiaries JVs or Associate companies during the year.

Details of Transaction made at arm's length price are attached as ANNEXURE 3.

PREVENTION OF INSIDER TRADING:

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a viewto regulate trading in securities by the Directors and designated employees of theCompany. The Code requires pre-clearance for dealing in the Company's shares and prohibitsthe purchase or sale of Company shares by the Directors and the designated employees whilein possession of unpublished price sensitive information in relation to the Company andduring the period when the Trading Window is closed. The Board is responsible forimplementation of the Code. All Board Directors and the designated employees haveconfirmed compliance with the Code.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Mr. Chinmoy Majumdar Director retire by rotation at the forthcoming Annual GeneralMeeting and being eligible offer themselves for reappointment.

Mr. Dwijadas Chatterjee Whole Time Director of the company is resigned during the yearw.e.f 09-07-2016.

The Company has received necessary declarations from all the Independent Directorsunder Section 149(7) of the Companies Act 2013 that they meet the criteria ofindependence as provided in Section 149(6) of the Companies Act 2013.

The Audit Committee has Three members out of which Two are Independent Directors.Pursuant to Section 177(8) of the Companies Act 2013 it is reported that there has notbeen an occasion where the Board had not accepted any recommendation of the AuditCommittee.

Pursuant to Rule 8(5)(iii) of Companies (Accounts) Rules 2014 it is reported thatthere have been no changes in the Directors or Key Managerial Personnel during the yearexcept Miss. Maumana Pal is appointed as Director under independent category in AGM dated28th September 2016 under section 152 and other applicable provision of Company act 2013.

TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

Pursuant to the provisions of the Investor Education Protection Fund (Uploading ofinformation regarding unpaid and unclaimed amounts lying with companies) Rules 2012 theCompany has unpaid and unclaimed amounts lying with the Company which has transferred toInvestor Education Protection Fund as per applicable law with respect to financial year2008-09.

CORPORATE GOVERNANCE

Pursuant to Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 we discontinued the reporting requirement of Corporate governance butfor good practice we are still complying some requirement stipulated for the goodgovernance purpose and most requirement are similarly present in Companies Act 2013.

HOLDING AND SUBSIDIARIES:

Your Company continues to be the Subsidiary of Ramayana Promoters Pvt. Ltd. Furtherthe Company has no subsidiaries.

INDUSTRIAL RELATIONS:

During the year under review your Company enjoyed cordial relationship with workersand employees at all levels. PARTICULARS OF EMPLOYEES:

The information required pursuant to Section 197 read with rule 5 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 in respect of employeesof the Company is as under;

(i) the ratio of the remuneration of each director to the median remuneration of theemployees of the company for the financial year; Rs. 9122/-

(ii) the percentage increase in remuneration of each director Chief FinancialOfficerChief Executive Officer Company Secretary or Manager if any in the financialyear; No increment

(iii) the percentage increase in the median remuneration of employees in the financialyear; No increment

(iv) the number of permanent employees on the rolls of company; 19 nos

(v) the explanation on the relationship between average increase in remuneration andcompany performance; N/A

(vi) comparison of the remuneration of the Key Managerial Personnel against theperformance of the company; vise versa decreased

(vii) variations in the market capitalisation of the company price earnings ratio asat the closing date of the current financial year and previous financial year andpercentage increase over decrease in the market quotations of the shares of the company incomparison to the rate at which the company came out with the last public offer in case oflisted companies and in case of unlisted companies the variations in the net worth ofthe company as at the close of the current financial year and previous financial year;There is no variations in the market capitalisation of the company There is no changes inpe ratio

(viii) 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; N/A

(ix) Comparison of the each remuneration of the Key Managerial Personnel against theperformance of the company; vise versa decreased

Company has made Nomination Remuneration Policy so that the remuneration is as per theremuneration policy of the company. For detailed information about the policy your arerequested to visit your company website www.ccapltd.in .

There was no employees in the company ;

i) employed throughout the financial year was in receipt of remuneration for that yearwhich in the aggregate was not less than sixty lakh rupees;

ii) employed throughout the financial year was in receipt of remuneration for thatyear which in the aggregate was not less than sixty lakh rupees;

Your company has not undertaken any research and development activity nor any specifictechnology obtained from any external sources during the year under review which needs tobe absorbed or adoptedl.There are no foreign exchange earnings or outgo during the yearunder review.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITIONAND REDRESSAL) ACT 2013

The company has in place an Anti-Sexual Harassment Policy in line with the requirementsof The Sexual Harassment of Woman at the Workplace (Prevention Prohibition &Redressal) Act 2013.Internal Complaints Committee (ICC) has been set up to redresscomplaint received regarding sexual harassment. All Employees (permanent. Contractualtemporary trainees) are covered under this policy.

The following is a summary of sexual harassment complaints received and disposed ofDuring each calendar year.

-No of Complaints Received - NIL -No of Complaints Disposed off - NIL

FOREIGN EXCHANGE EARNINGS AND OUT-GO :

During the period under review there was no foreign exchange earnings or out flow.

DETAILS OF CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS ANDOUTGO

Although your Company's core activity is in the area of civil construction which is notpower intensive your Company is making every efforts to conserve the power. Criticalnatural resources like Diesel etc. are consumed efficiently to ensure proper energyutilization and conservation.

ACKNOWLEDGEMENT

The Directors are grateful to the various Departments and agencies of the Central andState Governments for their help and co-operation. They are thankful to the FinancialInstitutions and Banks for their continued help assistance and guidance. The Directorswish to place on record their appreciation of employees at all levels for their commitmentand their contribution.

For and on behalf of the Board

Shelter Infra Projects Limited

SANKALAN DATTA CHINMOY MAZUMDAR
DIN-0002478232 DIN-0000021324
(DIRECTOR) (DIRECTOR)
Date :29th MAY 2017
Place : KOLKATA