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Ahlada Engineers Ltd.

BSE: 535111 Sector: Metals & Mining
NSE: AHLADA ISIN Code: INE00PV01013
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Ahlada Engineers Ltd. (AHLADA) - Director Report

Company director report

To

The Members

M/s. AHLADA ENGINEERS LIMITED

Your Directors have pleasure in presenting the 16th Annual Report of your company alongwith the Audited Financial Statements for the Financial Year ended on 31st March 2021.Further in compliance with the Companies Act 2013 the company has made all requisitedisclosures in the Board Report with the objective of accountability and transparency inits operations and to make you aware about its performance and future perspective.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY:

The Board's Report shall be prepared based on the stand alone financial statements ofthe company.

Particulars 2020-21 2019-20
Revenue from Operations 1590460596 1104616799
Other Income 1652449 1791373
Total Income 1592113045 1106408172
Profit Before Interest and Depreciation 297380727 251591369
Finance Charges 39142174 51866651
Depreciation 114450126 97366640
Net Profit after Interest and Depreciation But before tax 143788427 102358078
Net Profit Before Tax 143788427 102358078
Provision for Tax 41905992 25218509
Net Profit After Tax 101882435 77139569

NOTE:

i) The financial results of the company have been prepared in accordance with theIndian Accounting Standards as prescribed under section 133 of the Companies Act 2013read with Companies (Indian Accounting Standard) Rules 2015 as amended.

ii) The figures for the previous year have been re-arranged wherever necessary toconform to the current year's classification

2. OPERATIONAL REVIEW:

Gross revenues increased to Rs. 1590460596/- against Rs. 1104616799/-in theprevious year registering a growth of 43.98%. Profit before Depreciation and Interest hasgrown by 18.20% to Rs. 297380727/- as against Rs. 251591369/- in the previous year.After providing for depreciation and taxation the net profit of the Company for the yearunder review was placed at Rs. 101882435/- as against Rs. 77139569/-in the previousyear recording a growth of 32.08%.

3. OUTLOOK AND AFFAIRS OF THE COMPANY:

Our Company is in the business of manufacturing steel doors and windows (steel-frame)shutters panels school furniture drinking water systems and allied products and wecater to customers across various segments and industries. We currently have ourfacilities spread across 3 manufacturing units in addition to one assembling unit andstock yard with an area admeasuring 27153 square yards on the outskirts of Hyderabad.

The operations were affected during the month of April & May 2020 due to thechallenges caused by COVID -19. Some opportunities have also been observed due to COVID-19to manufacture and supply of isolation and quarantine wards to reputed customers duringthe current financial year.

The management of the Company is making its sincere efforts to increase the volume ofbusiness in their best efficient manner.

4. AMOUNT TRANSFERRED TO RESERVES:

The company has transferred an amount of Rs. 101882435/- to the reserves during theFinancial Year under the head Profit and Loss Account pertaining to the profits for theperiod under review.

5. DIVIDEND:

The Board has recommended Final Dividend of Rs.1.40 per share on paid up equity sharecapital for the year ended 31st March 2021 subject to the approval of the shareholders.

6. CHANGE IN THE NATURE OF BUSINESS if any

There is no material change in the nature of business during the year.

7. RESERVES

The Company has a closing balance of Rs.1060861480 /- (Rupees One Hundred Six CroreEight Lakhs Sixty One Thousand Four Hundred Eighty) as Reserves and Surplus as on31.03.2021.

The closing balance of Reserve and Surplus is bifurcated as follows:

S.No Particulars Amount in Rs.
1. Balance at the beginning of year 377548756
2. Current Year's Profit 101882435
3. Amount of Securities Premium 631136500
4. Dividend & Other Equity -49706211
TOTAL 1060861480

8. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICHTHE FINANCIAL STATEMENTS RELATE AND THE DATE OF THIS REPORT.

The COVID-19 pandemic is an evolving human tragedy declared global pandemic by theWorld Health Organisation with adverse impact on economy and business. Supply Chaindisruptions in India as a result of the outbreak started with restrictions on movement ofgoods closure of borders etc. in several states followed by a nationwide lockdown fromthe 24th of March 2020 announced by the Indian Government to stem the spread of COVID-19.Due to this the operations in manufacturing centres warehouses and extended supply chainpartner locations got temporarily disrupted.

On occurrence of COVID -19 there was a complete nationwide lock down since 24th March2020 and the operation of the Company was jeopardize since then till 5th May 2020.However partial operation was resumed since 6th May 2020 with the approval ofGovernment.

As the COVID-19 crisis continues on products are facing challenging times includingproduction stoppages due to supply chain disruption cost escalation and workforcedislocation and has been largely disruptive and was occurred which has also impacted therevenue of the Company.

9. DEPOSITS

The Company has neither accepted nor renewed any deposits falling within the purview ofSection 73 of the Companies Act 2013 read with Companies (Acceptance of Deposits) Rules2014 as amended from time to time during the year under review and therefore detailsmentioned in Rule 8(5) (v) & (vi) of Companies (Accounts) Rules 2014 relating todeposits covered under Chapter V of the Act is not required to be given.

10. SHARE CAPITAL

The paid up equity share capital as on March 31 2021 stood at 129210000/- comprisingof 12921000 equity shares of Rs.10/- each fully paid shares.

Your Company has not issued any equity shares equity shares with differential rightsSweat equity shares Employees' Stock Options and did not purchase its own shares. Hencethere is no information to be provided as required under Rule 4 (4) Rule 8 (13) Rule 12(9) and Rule 16 (4) of the Companies (Share Capital and Debentures) Rules 2014 andSection 62 of the Companies act 2013 respectively.

11. MATERIAL CHANGES DURING THE YEAR

There are no material changes during the year 2020-21.

12. CHANGE IN ACCOUNTING POLICIES:

In accordance with the notification issued by the Ministry of Corporate Affairs theCompany has adopted Indian Accounting Standards (referred to as "lnd AS")notified under the Companies (Indian Accounting Standards) Rules 2015. The Company hasadopted Ind AS from September 12020 with effective transition date as April 1 2020. Thefinancial statements have been prepared in accordance with Ind AS as notified under theCompanies (Indian Accounting Standards) Rules 2015 read with Section 133 of the CompaniesAct 2013 (the "Act"). The transition was carried out from Accounting Principlesgenerally accepted in India as prescribed under Section 133 of the Act read with Rule 7of the Companies (Accounts) Rules 2014 ("IGAAP" or "previous GAAP").An explanation of how the transition to Ind AS has affected the previously reportedfinancial position financial performance and cash flows of the Company is provided inNote No.41 of the Financial Statements.

13. MATERIAL CHANGES AND COMMITMENTS OCCURRED TILL THE DATE OF THE REPORT: MILESTONESACHIEVED:

You're Directors are glad to inform that Your Company Migrated to the Main Board ofNational Stock Exchange of India Limited (NSE). As all the members are aware that theCompany is listed on EMERGE Platform of the National Stock Exchange of India Limited (NSE)w.e.f 27th September 2018. The listing helped the Company in many aspects like enhancedbranding better transparency and accountability. Listing on the Main Board of NationalStock Exchange of India Limited will enhance participation of retail investors in largenumbers and overall market capitalization of the Company may also get increased.

Subsequent to resolution passed by the Members through Postal Ballot on 19.12.2020 wefiled In-principle application with NSE vide application No.85 dated 29.12.2020. Onsubmission of further information they issued In-principal approval vide letter No.NSE/LIST/85 dated 13.01.2021.

Based on the In-principal approval we filed final listing & trading approval withNSE vide application No. 90 dated 21.01.2021. On the basis of final application theyissued Final Listing and Trading approval vide letter No. NSE/LIST/90 dated 25.01.2021.

Finally our Company Equity shares are listed and admitted to dealings on Main BoardSegment w.e.f. January 28 2021 successfully pursuant to migration from SME Emergeplatform.

14. DETAILS OF SUBSIDIARY /JOINT VENTURE /ASSOCIATE COMPANIES:

As on 31st March 2021 the Company does not have any subsidiary or joint venture andassociate Company.

15. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the financial year 2020-21 the following changes in the Board of Directors wereeffected:

Director Retiring by Rotation

Pursuant to Section 152 of the Companies Act 2013 and in accordance with the Articleof Association of the Company Ms Ch. Kinnera Whole Time Director of the Company retiresby rotation at the ensuing Annual General Meeting and being eligible offers himself forre-appointment. The Board of Directors recommends her re-appointment.

Cessation of Directors:

During the year Shri. N. Bhaskara Reddy resigned from the Board as IndependentDirector of the Company due to pre-occupations with effect from 23.01.2021. The Boardplaced on record its sincere appreciation and thanks to Shri. N. Bhaskara Reddy for hissupport and guidance provided from time to time during her tenure as Independent Directorof the Company.

Key Managerial Personnel:

During the year under review there were no changes in the Key Managerial Personnel ofthe Company. The present Key Managerial Personnel of the Company are as follows:

Mr. Ch. Suresh Mohan Reddy - Managing Director
Mr. J. Abhinav Kumar Reddy - Whole Time Director
Ms. Ch. Kinnera - Whole Time Director
Mr. A. Narasimha Rao - Chief Financial Officer
Mr. M. Kotaiah - Sr. Vice President (Operations)
Mr. P. Kodanda Rami Reddy - Company Secretary & Compliance Officer

16. LISTING OF SHARES:

The Company's shares are listed on National Stock Exchange of India Limited (NSE) withISIN: INE00PV01013 and symbol is: AHLADA.

17. Familiarization program for Independent Directors:

The Company has adopted a familiarization programme prepared in the line of Regulation25(7) of the Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015 for Independent Directors to familiarize them with theCompany's philosophy vision mission strategies operations and functions. The detailsof the familiarization programme are available on the Company's website at www.ahlada.com.

18. Declaration by Independent Directors:

Your Company has received necessary declaration from each independent director underSection 149 of the Companies Act 2013 confirming that he/she meets the criteria ofindependence laid down in Section 149 of the Companies Act 2013 and Regulation 25 of SEBI(Listing Obligations & Disclosure Requirements) Regulations 2015.

19. AUDITORS

Statutory Auditors:

The Shareholders of the Company had appointed M/s. Kishore & Venkat Associates(FRN:001807) Chartered Accountants Sanjeeva Reddy Nagar Hyderabad as Statutory Auditorsof the Company for the period of 5 years commencing from the Financial Year 2016-17 to2020-21 in its Extra Ordinary General Meeting held on 31st August 2017.

The Audit Report issued by the Statutory Auditors for the financial year ended 31stMarch 2021 forms part of this Report. There are no qualifications or adverse remarksmade by the Statutory Auditors which requires explanation or comments from the Board.

Secretarial Auditors:

Pursuant to the provisions of Section 204 of the Companies Act 2013 and rules framedthere under the Board of Directors on recommendation of the Audit Committee appointedM/s. VCSR & Associates Practising Company Secretaries (CP No.6392) to undertake theSecretarial Audit of the Company.

The secretarial audit report issued by M/s. VCSR & Associates Practicing CompanySecretaries for the financial year ending 31st March 2021 is given in the Annexure-IIattached hereto and forms part of this Report. There are no qualifications reservationsor adverse remarks made by the secretarial auditor and the observation made is selfexplanatory and requires no further explanation from the Board.

Internal Auditors:

In accordance with the provisions of Section 138 of the Companies Act 2013 and Rulesframed thereunder your Company has appointed M/s. Vennapusa & Sunkara CharteredAccountants as the Internal Auditors of the Company for Financial year 2020-21 and takestheir suggestions and recommendations to improve and strengthen the internal controlsystems.

Cost Auditors:

M/s. N S V Krishna Rao & Co. Cost Accountants (Membership No.17143) Hyderabad hasbeen appointed as Cost Auditors of the Company for the Financial Year 2020-21 as per theprovisions of the Companies Act 2013 and the rules made there under.

The Cost Auditor shall submit the report along with their observations and suggestionsand Annexure to the Central Government/stipulated authority within stipulated time period.

Members are requested to ratify the remuneration payable to the Cost Auditors at theensuing Annual General Meeting of the company in accordance with Section 148 of theCompanies Act 2013.

20. COMPLIANCE WITH SECRETARIAL STANDARDS

Secretarial Standards i.e. SS-1 SS-2 and SS-3 relating to ‘Meetings of theBoard of Directors' ‘General Meetings' and ‘Dividend' respectively to theextent as applicable have been duly followed by the Company.

21. Extract of Annual Return:

The extract of the annual return in Form No MGT-9 in compliance with the requirement ofSection 92(3) Section 134(3) of the Companies Act 2013 is for FY 2020-21 is available onthe website of the Company and the same can be accessed through the link :http://ahlada.com/investor-relations/

22. Board Meetings:

During the year Four (4) meetings of the Board of Directors were convened and held.The details of the meetings of the Board are furnished in the Corporate Governance Reportwhich forms part of this Report.

23. Particulars of loans guarantees or investments under Section 186:

The Company has not granted any loans secured or unsecured which falls under theprovisions of Section 186 of the Companies Act 2013.

24. SECRETARIAL AUDIT REPORT:

The Company has undertaken Secretarial Audit for the financial year 2020-21 whichinter-alia includes audit of compliance with the Act and the Rules made under the ActListing Regulations and applicable Regulations prescribed by the SEBI and Foreign ExchangeManagement Act 1999 and Secretarial Standards issued by the Institute of the CompanySecretaries of India. The Secretarial Audit Report forms part of this Annual Report.

25. ANNUAL SECRETARIAL COMPLIANCE REPORT

The Company has undertaken an audit for the financial year 2020-21 for all applicablecompliances as per SEBI Regulations and Circulars / Guidelines issued there under.

The Annual Secretarial Compliance Report has been submitted to the stock exchangeswithin 60 days of the end of the financial year.

26. Corporate Social Responsibility (CSR):

Pursuant to Section 135 of Companies Act 2013 your Company has constituted aCorporate Social Responsibility Committee. The composition of the Committee is provided inthe Corporate Governance Report. Your Company has formulated a Corporate SocialResponsibility Policy which has been approved by the Board indicating the projects orprograms to be undertaken by the Company in line with Schedule VII of the Act. The sameis available on the website of the Company "www.ahlada.com". A brief outline ofthe CSR policy of the Company and the Annual Report on CSR activities undertaken duringthe year 2020-21 in the format prescribed in the Companies (Corporate SocialResponsibility Policy) Rules 2014 is annexed to this Report as (Annexure-I)

27. PERFORMANCE EVALUATION OF THE BOARD

Pursuant to the provisions of the Companies Act 2013 and Rules made there under andSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 the Board hascarried the evaluation of its own performance performance of Individual Directors BoardCommittees including the Chairman of the Board on the basis of attendance contributionand various criteria as recommended by the Nomination and Remuneration Committee of theCompany. The evaluation of the working of the Board its committee experience andexpertise performance of specific duties and obligations etc were carried out. TheDirectors expressed their satisfaction with the evaluation process and outcome.

The performance of each of the non-independent directors (including Chairman) was alsoevaluated by the independent directors at the separate meeting held of the IndependentDirectors of the Company.

28. VIGIL MECHANISM

The Company has established a vigil mechanism through a Whistle Blower Policy whereDirectors and employees can voice their genuine concerns or grievances about any unethicalor unacceptable business practice. A whistle-blowing mechanism not only helps the Companyin detection of fraud but is also used as a corporate governance tool leading toprevention and deterrence of misconduct. The Vigil Mechanism framework ensures that strictconfidentiality is maintained whilst dealing with concerns and also that no discriminationshall be meted out to any person for a genuinely raised concern. The designated officer/Audit Committee Chairman can be directly contacted to report any suspected or confirmedincident of fraud/misconduct.

The Whistle Blower Policy is disclosed on the website of the Company at www.ahlada.com

29. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE

(PREVENTION PROHIBITION AND REDRESSAL) ACT 2013

In order to prevent sexual harassment of women at work place an act "The SexualHarassment of Women at Workplace" (Prevention Prohibition and Redressal) Act 2013has been notified on December 2013. Under the said Act every company is required to setup an Internal Complaints Committee to look into complaints relating to sexual harassmentat work place of any women employee.

Internal Complaint Committee

Your Company has adopted a policy for prevention of Sexual Harassment of Women atworkplace and has set up a Committee for implementation of said policy. During the yearCompany has not received any complaint under the said policy.

30. CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES UNDER SECTION 188

The Board of Directors on recommendation of the Audit Committee framed a policy forRelated Party Transactions which includes matters covered u/s 178(3) of the Companies Act2013. The Policy is also posted in the Investors section of the Company's website.

The Company has not entered into any Material Related Party Transaction during the yearwith related parties which is material in nature and accordingly the disclosure ofRelated Party Transactions in Form AOC-2 is not applicable. In line with requirements ofthe Act and Listing Regulations your Company has formulated a Policy on Related PartyTransactions which is available on the website of the Company at https://www.ahlada.com.

The Policy intends to ensure that proper reporting approval and disclosure processesare in place for all transactions between the Company and Related Parties.

This policy specifically deals with the review and approval of Material Related Party Transactions keeping in mind the potential or actual conflicts of interest that may arisebecause of entering into these transactions. All Related Party Transactions are placedbefore the Audit Committee for review and approval. Prior omnibus approval is obtained forRelated Party Transactions on a yearly basis for transactions which are of repetitivenature and / or entered in the ordinary course of business and are at arm's length. AllRelated Party Transactions entered during the year were in ordinary course of business andon arm's length basis. No Material Related Party Transactions i.e. transactions exceedingten percent of the annual consolidated turnover as per the last audited financialstatements were entered during the year by your Company.

Suitable disclosure as required by the Accounting Standards (Ind AS 24) has been madein the notes to the Financial Statements.

None of the Directors other than to the extent of their shareholding receipt ofremuneration has any pecuniary relationships or transactions vis-a-vis the Company.

31. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

Your Company has an effective Internal Control System to prevent fraud and misuse ofCompany's resources and protect shareholders' interest. Your Company has an independentInternal Audit Department to monitor and review and focus on the compliances of variousbusiness processes. The internal audit report alongwith audit findings and tracking ofprocess improvements & compliances is presented for review to the Audit Committee ofBoard of Directors.

32. PARTICULARS OF EMPLOYEES

The information required pursuant to the provisions of Section 197 read with Rule 5 ofThe Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 inrespect of employees of the Company are set out in Annexure-IV of this Report.

33. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis report has been separately furnished in theAnnual Report and forms a part of the Annual Report under Annexure-V of this report.

34. HUMAN RESOURCE MANAGEMENT

Human Capital has gained prime importance in last few years. Our Company believes thatthe human capital is of utmost importance to sustain the market leadership in all productsegments and also to capture new markets. We have identified the high Performers andrewarded them appropriately which has helped to achieve better employee engagement.Competency based training program has been devised for High - Potential employees withfocus on their Individual Development Plan & helping them to become future leaders.

35. QUALITY

Your Company accord to high priority to quality safety training development healthand environment. The Company endeavors to ensure continuous compliance and improvements inthis regard.

36. INDUSTRIAL RELATIONS

Your directors are happy to report that during the year there were very cordial andextremely good industrial relations at all levels.

37. PARTICULARS OF CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUTGO

Particulars with respect to Conservation of Energy Technology Absorption and ForeignExchange Earnings and Outgo as required under Section 134 of the Companies Act 2013 readwith the Companies (Accounts) Rules 2014 are given in the Annexure-III attached heretoand forms part of this Report.

38. ENVIRONMENT AND SOCIAL OBLIGATION

The Company's plants comply with all norms set up for clean and better environment bythe competent authorities. The Company undertakes regular checks / inspections includingcertification for the maintenance of the environment. The Company values environmentalprotection and safety as the major considerations in its functioning. The Company iscontinuously endeavoring to improve the health and quality of life in the communitiessurrounding its industrial complexes.

39. CODE OF CONDUCT

The Board has laid down a Code of Conduct ("Code") for Board MembersManagerial Personnel and for Senior Management Employees of the Company. This Code hasbeen posted on the Company's website at www.ahlada.com. All the Board Members and seniormanagement personnel have affirmed compliance with this code.

The Board has also laid down a Code of Conduct for Independent Directors pursuant toSection 149(8) and Schedule IV to the Companies Act 2013 via terms and conditions forappointment of Independent Directors which is a guide to professional conduct forIndependent Directors and has been uploaded on the website of the Company atwww.ahlada.com.

40. CORPORATE GOVERNANCE

Your Company practices a culture that is built on core values and ethical governancepractices and is committed to transparency in all its dealings. The Company's Report onCorporate Governance is attached and forms part of this Report.

41. POLICY OF PRESERVATION OF DOCUMENTS

Pursuant to the Regulation 9 of SEBI (LODR) 2015 the Company has maintained the policyof preservation of documents to keep the documents preserve as per Regulation 9 (a) &9 (b) of SEBI (LODR) 2015 and the same has been uploaded on the website of the Company onwww.ahlada.com.

42. DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to the requirement of Section 134(3) of the Companies Act 2013 and on thebasis of compliance certificate received from the executives of the Company and subject todisclosures in the Annual Accounts as also on the basis of the discussion with theStatutory Auditors of the Company from time to time and to the best of their knowledgeand information furnished the Board of Directors states:

I. That in preparation of the annual accounts all the applicable Accounting Standardshave been followed along with proper explanation relating to material departures if any.

II. That the Directors have adopted such accounting policies as selected inconsultation with Statutory Auditors and applied them consistently and made judgementsand estimates that are reasonable and prudent so as to give a true and fair view of thestate of affairs of the Company as at March 31 2021 and of the profit of the Company forthe financial year ended 31st March 2021

III. That the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities.

IV. That the Annual Accounts have been prepared on a going concern basis.

V. Those proper internal financial controls were in place and that the financialcontrols were adequate and were operating effectively.

VI. Proper systems are devised to ensure compliance with the provisions of allapplicable laws and that systems were adequate and operating effectively.

43. Impact assessment of the global health pandemic COVID-19 and related estimationuncertainty:

As per the directives of both the Central and State Governments in the wake of COVID-19pandemic your Company had suspended operations w.e.f. 23rd March 2020. Taking intoaccount directives from the Government operations have commenced in a phased manner fromMay 2020. The Company's operations were impacted in the month of March and April 2020. TheCompany has made an assessment on measurement of assets and liabilities includingrecoverability of carrying values of its assets it liquidity position and ability torepay its debts for the next year and concluded that no material adjustments areconsidered necessary. The Company has not availed moratorium allowed by RBI for payment ofits debt obligations and the Company continues to service all its payment obligations intime. The Company has adequate liquidity in the form of cash and credit facilities/linesfor meeting its funds requirements.

44. COMPANY'S WEBSITE:

The website of your Company www.ahlada.com displays the Company's businesses up-fronton the home page. The site carries a comprehensive database of information of all theDoors and Windows products including the Financial Results of your Company ShareholdingPattern Directors' & Corporate profile details of Board Committees CorporatePolicies and business activities of your Company.

All the mandatory information and disclosures as per the requirements of the CompaniesAct 2013 and Companies Rules 2014 and as per the SEBI (LODR) Regulations 2015 has beenuploaded.

45. ACKNOWLEDGEMENTS:

The Board of Directors places on record their appreciation to the co-operation andsupport extended by all stakeholders in the Company including the Shareholders BankersSuppliers and other Business Associates.

The Directors also wish to place on record their appreciation to all the employees fortheir commitment and contribution towards achieving the goals of the Company.

The Directors also thank the Governments of various Countries Government of IndiaState Governments in India and concerned Government Departments/Agencies for theirco-operation.

By Order of the Board For M/s. AHLADA ENGINEERS LIMITED
Sd/- Sd/-
Date: 06.09.2021 Ch. Suresh Mohan Reddy Managing Director Ch. Kinnera Whole Time Director
Place: Hyderabad (DIN: 00090543) (DIN: 08272661)

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