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Shricon Industries Ltd.

BSE: 508961 Sector: Infrastructure
NSE: N.A. ISIN Code: INE753D01010
BSE LIVE 12:58 | 26 Sep 20.40 0.95
(4.88%)
OPEN

20.40

HIGH

20.40

LOW

20.40

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 20.40
PREVIOUS CLOSE 19.45
VOLUME 10000
52-Week high 20.40
52-Week low 14.40
P/E 8.40
Mkt Cap.(Rs cr) 3
Buy Price 20.40
Buy Qty 600.00
Sell Price 0.00
Sell Qty 0.00
OPEN 20.40
CLOSE 19.45
VOLUME 10000
52-Week high 20.40
52-Week low 14.40
P/E 8.40
Mkt Cap.(Rs cr) 3
Buy Price 20.40
Buy Qty 600.00
Sell Price 0.00
Sell Qty 0.00

Shricon Industries Ltd. (SHRICONINDUS) - Director Report

Company director report

To

The Board of Directors

Shricon Industries Limited

112-B First Floor

Shakti Nagar Kota

Rajasthan-324009

We have examined the attached cash flow of M/s Shricon Industries Limited for the yearending March 31 2015 the statement has been prepared by the company in accordance withrequirements of clause 32 of the listing agreements with the stock exchange and is basedon and is in agreement with the corresponding profit and loss account and balance sheet ofthe company covered by our report of May 20 2015 to the members of the company.

for SPARK & ASSOCIATES

Chartered Accountants

FRN No.: 005313C

CA. Mukesh Vishnani

Partner

M. No 409601

Date: 20/05/2014

Kota

FORM NO. MR-3 SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED ON 31st MARCH 2015

{Pursuant to section 204 (1) of the Companies Act 2013 and Rule No. 9 of the Companies(Appointment and Remuneration Personnel) Rules 2014}

To

The Members

Shricon Industries Limited

Registered Office: First Floor 112.B Shakti Nagar

Kota-324009

CIN: L45200RJ1984PLC040606

Dear Members

I have conducted the secretarial audit of the compliance of applicable statutoryprovisions and the adherence to good corporate practices by Shricon Industries Limited[CIN: L45200RJ1984PLC040606] (hereinafter called "the Company"). SecretarialAudit was conducted in a manner that provided me a reasonable basis for evaluating thecorporate conducts/statutory compliances and expressing my opinion thereon.

Based on my verification of Shricon Industries Limited's books papers minute booksforms and returns filed and other records maintained by the Company and also theinformation provided by the Company its officers agents and authorized representativesduring the conduct of Secretarial Audit I hereby report that in my opinion the Companyhas during the audit period covering the financial year ended on 31st March 2015complied with the statutory provisions listed hereunder and also that the Company hasproper Board-processes and compliance mechanism in place to the extent in the manner andsubject to the reporting made hereinafter;

I have examined the books papers minute books forms and returns filed and otherrecords maintained by the Company for the financial year ended on 31st March 2015according to the provisions of: 1 2 3 4

1. The Companies Act 1956 the Companies Act 2013 (to the extent Sections andSchedules notified) and the Rules made thereunder;

2. The Securities Contracts (Regulation) Act 1956 ('SCRA') and the rules madethereunder;

3. The Depositories Act 1996 and the Regulations and Byelaws framed thereunder;

4. The following Regulations and Guidelines prescribed under the Securities andExchange Board of India Act 1992 ('SEBI Act'):-

a) The Securities and Exchange Board of India (Substantial Acquisition of Shares andTakeovers) Regulations 2011;

b) The Securities and Exchange Board of India (Prohibition of Insider Trading)Regulations 1992;

c) The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2009; (Not applicable to the Company during Audit Period)

d) The Securities and Exchange Board of India (Employee Stock Option Scheme andEmployee Stock Purchase Scheme) Guidelines 1999; (Not applicable to the Company duringAudit Period)

e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities)Regulations 2008; (Not applicable to the Company during Audit Period)

f) The Securities and Exchange Board of India (Registrars to an Issue and ShareTransfer Agents) Regulations 1993 regarding the Companies Act and dealing with client;

g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations2009; (Not applicable to the Company during Audit Period) &

h) The Securities and Exchange Board of India (Buyback of Securities) Regulations1998; (Not applicable to the Company during Audit Period)

I have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by The Institute of Company Secretaries of India. (NotNotified hence not applicable to the Company during Audit Period)

(ii) The Listing Agreements entered into by the Company with Bombay Stock ExchangeLimited.

To best of my understanding I am of the view that during the period under review theCompany has complied with the provisions of the Acts Rules Regulations GuidelinesStandards etc. as mentioned above.

The Board of Directors of the Company is duly constituted with proper balance ofExecutive Directors Non- Executive Directors and Independent Directors. The changes inthe composition of the Board of Directors that took place during the period under reviewwere carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings agenda anddetailed notes on agenda are sent at least seven days in advance a system exists forseeking and obtaining further information and clarifications on the agenda items beforethe meeting and for meaningful participation at the meeting.

Majority decision is carried through while the dissenting member's views are capturedand recorded as part of the minutes.

I further report that there are adequate systems and processes in the companycommensurate with the size and operations of the company to monitor and ensure compliancewith applicable laws rules regulations and guidelines.

I further report that during the audit period there were no instances of:

(i) Public/Right/Preferential issue of shares / debentures/ sweat equity.

(ii) Redemption / buy-back of securities

(iii) Major decisions taken by the members in pursuance to section 180 of the CompaniesAct 2013

(iv) Merger / amalgamation / reconstruction etc.

(v) Foreign technical collaborations

For M SANCHETI & ASSOCIATES

Manish Sancheti

Proprietor

Dated: May 26 2015

M.N. No. F7972

Place: Jaipur

C. P. No.: 8997

Annexure-A

CIN: L72200RJ2000PLC016272

To

The Members

Shricon Industries Limited

Registered Office: First Floor 112 B Shakti Nagar

Kota-324009

CIN: L45200RJ1984PLC040606

Dear Members

Our report of even date is to be read along with this letter:

1. Maintenance of secretarial record is the responsibility of the management of theCompany. Our responsibility is to express an opinion on these secretarial records based onour audit.

2. We have followed the audit practices and processes as were appropriate to obtainreasonable assurance about the correctness of the contents of the secretarial records. Theverification was done on test basis to ensure that correct facts are reflected insecretarial records. We believe that the processes and practices we followed provide areasonable basis for our opinion.

3. We have not verified the correctness and appropriateness of financial records andbooks of accounts of the Company.

4. Where ever required we have obtained the management representation about thecompliance of laws rules and regulations and happening of events etc.

5. The compliance of the provisions of corporate and other applicable laws rulesregulations standards is the responsibility of management. Our examination was limited tothe verification of procedures on test basis.

6. The Secretarial Audit report is neither an assurance as to the future viability ofthe Company nor of the efficacy or effectiveness with which the management has conductedthe affairs of the Company.

For M SANCHETI & ASSOCIATES

Manish Sancheti

Proprietor

Dated: May 26 2015

M.N. No. F7972

Place: Jaipur

C. P. No.: 8997