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Anshuni Commercials Ltd.

BSE: 512091 Sector: Consumer
NSE: N.A. ISIN Code: INE425H01016
BSE 00:00 | 31 Mar Anshuni Commercials Ltd
NSE 05:30 | 01 Jan Anshuni Commercials Ltd
OPEN 4.18
PREVIOUS CLOSE 4.18
VOLUME 100
52-Week high 4.18
52-Week low 4.18
P/E 1.96
Mkt Cap.(Rs cr) 0
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 4.18
CLOSE 4.18
VOLUME 100
52-Week high 4.18
52-Week low 4.18
P/E 1.96
Mkt Cap.(Rs cr) 0
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Anshuni Commercials Ltd. (ANSHUNICOMMERC) - Director Report

Company director report

Dear Members

Your Directors are pleased to present the 36th Annual Report along withAudited Financial Statements of your Company for the Financial Year ended 31st March2021.

FINANCIAL HIGHLIGHTS

The financial performance of your Company for the financial year ended 31st March 2021is summarized below:

Particulars 31-Mar-2021 31-Mar-2020
Revenue from operations 11303149 55567349
Other Income 1185453 1148882
Total Income 12488602 56716231
Less:
Expenses 11833185 54721509
Net Profit- before Exceptional items & Taxes 655417 1994722
Add: Exceptional items - -
Net Profit for the year before Taxes 655417 1994722
Less: Provision for Taxes
Current Tax 155000 650000
Earlier Year Tax Adjustments (24 465) (23651)
Deferred Tax Assets 25982 (13618)
Profit/Loss after tax 498900 1381991

1. COMPANY'SPERFORMANCE:

During the year under review despite of COVID-19 pandemic global crisis themanagement of the Company made great efforts and increased the business. The Companyrecorded revenue from operations at Rs. 11303149 (Rupees One Crore Thrirteen lakhs threeThousand One Hundred Forty Nine) as compared to Rs.55567349 (Rupees Five CroreFifty-Five Lakhs Sixty-Seven Thousand Three Hundred Forty-Nine)in the previous year. TheProfit after Tax (PAT) for the year under review stands at Rs. 498900(Rupees Four LakhsNinety eight Thousand Nine Hundred as compared to Rs. 1381991/- (Rupees Thirteen LakhsEighty- One Thousand Nine Hundred Ninety-One)in the previous year. The share of domesticsales and export sales in the revenue from operations of the Company is 13.36% and 86.64 %respectively.

2. BUSINESSOVERVIEW:

Your Company is engaged in the business of manufacturing sale and trading of goldjewellery diamond studded jewellery cut and polish diamonds and operates in differentgeographical areas i.e. domestic sales and export sales.

3. IMPACT OF COVID- 19PANDEMIC:

During the last month of the year under review COVID-19 pandemic developed rapidlyinto a global crisis forcing governments to enforce lockdowns. Due to the spread ofCOVID-19 and in accordance with the various initiatives and directions of both Central andState Government(s) from time to time including Janata curfew and subsequent nationwidelock down the operations of the Company were suspended from March 22 2021. However theCompany generates maximum revenue from export sales and therefore even before that dateimpact started to show on the business of the Company. On 08th June 2020 theCompany gradually started its business operations with minimum workforce combined withwork from home policy. The Company is closely monitoring the situation arising out ofCOVID-19 and resultant restrictions imposed by the regulatory authorities. At this pointof time it is not possible either to foresee the duration for which this pandemic willlast nor predict its course. Hence the Company is not in a position to assess withcertainty the future impact on operations but does not expects normalcy to be achievedbefore the third quarter of financial year2021-22.

4. ADEQUATE INTERNAL CONTROLSYSTEMS:

Your Company undergoes a rigorous audit process along with other items for stock cashetc. at stipulated intervals by Statutory Auditors and Internal Auditors. The Company haseffective internal control systems in place which ensures that all the assets of theCompany are safeguarded and protected against any loss from unauthorized use ordisposition. Internal Auditors also periodically carried out review of the internalcontrol systems and procedures. Their reports are also placed before Audit Committee forits review. Your Company has also put in place adequate internal financial controls withreference to the financial statements commensurate with the size and nature of operationsof the Company. Such controls were tested and no material discrepancy or weakness in theCompany'smternalcontrolsoverfmancialreportmgwasobserveddurmgtheyear.

5. DIVIDEND:

Your Directors have decided to retain the profits of the Company into the business witha view to conserve resources for future growth and expansion and hence they do notrecommend any dividend for the Financial Year ended 31st March 2021. However it will bethe endeavor of the Management of your Company to have a stable dividend policy infuture.

6. TRANSFER TO RESERVES:

The Company has not proposed to transfer any amount to the General Reserves out ofamount available for appropriation.

7. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGSANDOUTGO:

Particulars required to be furnished by the Companies as per Rule 8 of Companies(Accounts) Rules 2014 are as follows:

A. RULE 8 SUB-RULE 3 (A) PERTAINING TO CONSERVATION OFENERGY

The activities carried out by your Company are not energy intensive. Hence no step forConservation of Energy is required to be taken by the Company.

However Energy Conservation continues to be an area of high priority for the Company.Constant attention is paid to the cost effective use of energy in all operations. YourCompany has taken various steps in carrying out its processes in a sustainable mannerthereby conserving energy and other essentials resources.

B. SUB-RULE 3 (B) PERTAINING TO TECHNOLOGY ABSORPTION

Rule 8 of The Companies (Accounts) Rules 2014 relating to the Technology absorption isnot applicable to the Company.

However it is to be noted that the Company strives to upgrade and update itstechnology in order to provide better services to all its stakeholders.

C. RULE 8 SUB-RULE 3 (C) PERTAINING TO FOREIGN EXCHANGE EARNINGS ANDOUTGO-

There are no Foreign Exchange Earnings and outgo during the Financial Year 2020-21.

8. MANAGEMENT DISCUSSION ANDANALYSIS:

Management Discussion and Analysis Report for the year under review as stipulatedunder Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 is presented in a separate section forming a part of this Annual Report. TheManagement Discussion and Analysis Report for the year under review is annexed as "AnnexureA" to this Report.

9. CHANGES IN THE NATURE OFBUSINESS:

During the financial year under review there was no change in the nature of businessof your Company.

10. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY WHICH HAVE OCCURRED BETWEEN THE END OF FINANCIAL YEAR OF THE COMPANY TO WHICHFINANCIAL STATEMENTS RELATE AND THE DATE OFREPORT:

Except appointment of Ms. Neelam Navinchandra Patel as a Company Secretary andCompliance Officer of the Company with effect from 25 th March 2021 there areno material changes and commitments occurred between the end of the financial year underreview and the date of this Report which shall affect the financial position of yourCompany

11. CHANGES IN SHARECAPITAL:

During the financial year 2020-21 there was no change in the share capital of yourCompany.

12. DETAILS OF SUBSIDIARY/ JOINT VENTURES/ASSOCIATECOMPANIES:

There are no Subsidiary/ Joint Venture / Associate Companies.

13. ANNUALRETURN:

The extract of the Annual Return pursuant to Section 92 of the Companies Act 2013read with The Companies (Management and Administration) Rules 2014 (subject to amendmentand re-enactment from time to time) in the prescribed Form MGT-9 as on 31st March2021 is annexed as "Annexure B" to this Report.

14. CONTRACT OR ARRANGEMENT WITH RELATEDPARTIES:

The Company has entered into transactions with related parties in accordance with theprovisions of the Companies Act 2013 read with applicable Rules and the particulars ofcontracts or arrangements with related parties referred to in Section 188(1) of the Actas prescribed in Form AOC - 2 of the rules prescribed under Chapter IX relating toAccounts of Companies under the Companies Act 2013 is annexed with this Report as "AnnexureC".

15. LOANS GUARANTEE OR INVESTMENTS BY THE COMPANY:

During the year under review your Company has neither granted any loan nor extendedany guarantee under Section 186 of the Companies Act 2013. Hence the said provision isnot applicable to that extent.

Details of Investments made by the Company is annexed with this Report as "AnnexureD".

16. DEPOSITS:

During the year under review your Company has not accepted any deposits within themeaning of Sections 73 and 74 of the Companies Act 2013 read together with the Companies(Acceptance of Deposits) Rules2014.

17. DISCLOSURES UNDER SECTION164(2):

None of the Directors of your Company are disqualified from being appointed asDirectors as specified under Section 164(2) of the Companies Act 2013.

18. DIRECTORS AND KEY MANAGERIALPERSONNEL:

The Board of your Company comprises of 6 Directors (4 Executive including 1 WomanDirector and 2 Independent Directors). Mr. Bhavin Mehta Director is liable to retire byrotation at the 36th Annual General Meeting of the Company and being eligible he offersherself for re-appointment. Pursuant to Regulation 36 of the SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 ("LODR Regulations") and SecretarialStandard 2 issued by the Institute of Company Secretaries of India his details forms partof the Notice convening the 36th Annual General Meeting. No changes among Key ManagerialPersonnel took place during the year. Mr. Nitin Mehta Managing Director and Mr. AnshulMehta Chief Financial Officer continue to hold their respective position during the yearunder review. Ms. Neelam Navinchandra Patel was appointed as Company Secretary of theCompany with effective from 25th March 2021.

19. BOARDMEETINGS:

The Board of Directors (herein after called as "the Board") met 5 (Five)times during the Year under review:

Sr. No. Date of Meetings Venue & time of Meeting Directors present Directors to whom leave of absence was granted
1. 26/06/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 Commencement Time- 11:30A.M. ConclusionTime- 02.00 P.M. • Mr. Nitin Mehta Mr. KanhaiSh ah
• Mrs. BharatiMehta
• Mr. BhavinMehta
• Mr. AnshulMehta
• Mr. HardikShah
2. 13/08/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. Nitin Mehta Mr. KanhaiSh ah
• Mrs. BharatiMehta
• Mr. BhavinMehta
• Mr. AnshulMehta
• Mr. HardikShah
Commencement Time- 01.00 A.M Conclusion Time- 02.30 P.M.
3. 10/11/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. Nitin Mehta • Mr. KanhaiSh ah
• Mrs. BharatiMehta
• Mr. BhavinMehta
• Mr. AnshulMehta
• Mr. Hardik Shah
Commencement Time- 1.00 P.M. Conclusion Time- 02:00 P.M.
4. 28/01/2021 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. Nitin Mehta Mr. Kanhai Shah
• Mrs. BharatiMehta
• Mr. BhavinMehta
• Mr. AnshulMehta
• Mr. HardikShah
Commencement Time- 01:00 P.M. ConclusionTime- 2:00P.M.
5. 24/03/2021 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. Nitin Mehta NA
• Mrs. BharatiMehta
• Mr. BhavinMehta
• Mr. AnshulMehta
• Mr. HardikShah
• Mr. KanhaiShah
Commencement Time- 03:00 P.M. Conclusion Time- 04:00P.M.

20. DECLARATION GIVEN BY THE INDEPENDENT DIRECTORS UNDER SECTION 149 (6) OF THECOMPANIES ACT2013:

Pursuant to Section 149 of the Companies Act 2013 read with The Companies (Appointmentand Qualifications of Directors) Rules 2014 and applicable SEBI (LODR) Regulations theCompany has received the necessary declaration from each Independent Director of theCompany.

21. FAMILIARISATION PROGRAMME FOR INDEPENDENTDIRECTORS:

The familiarization programme aims to provide Independent Directors with the industryscenario the socio-economic environment in which the Company operates the businessmodel the operational and financial performance of the Company significant developmentsso as to enable them to take well informed decisions in a timely manner. Thefamiliarization programme also seeks to update the Directors on the rolesresponsibilities rights and duties under the Act and other statutes.

22. COMMITTEES OFBOARD:

The Company has following Committees:

1. Nomination and Remuneration Committee: The said Committee consists of 3Directors including 2 Independent Directors. Mrs. Bharati Mehta is the Chairperson of thesaid Committee.

Attendance at the Nomination and Remuneration Committee Meeting:

During the Financial Year 2020-21 2 (Two) meeting of the Nomination and RemunerationCommittee was held.

Sr. No Date of Meetings Venue & time of Meeting Directors present Directors to whom leave of absence was granted
1. 13/08/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai- 400006 • Mrs. BharatiMehta • Mr. HardikShah Mr. KanhaiShah
Commencement Time- 11.30 A.M. Conclusion Time- 12:30 P.M.
2. 24/03/2021 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai- 400006 • Mrs. BharatiMehta • Mr. HardikShah • Mr. KanhaiShah NA
Commencement Time- 11.30 A.M. Conclusion Time- 12:00 P.M.

The Nomination and Remuneration Committee has formulated policy on Directors'appointment and remuneration including criteria for determining qualifications positiveattributes independence of a Director and other matters provided under sub-section (3) ofSection 178 of the Companies Act 2013 and the policy formulated by the Committee isforming part of this Report annexed at "Annexure E".

2. Audit Committee: The said Committee consists of 3 Directors including 2Independent Directors. Mr. Hardik Shah is the Chairperson of the said Committee.

Attendance at the Audit Committee Meetings:

During the Financial Year 2020-21 4 (Four) Meetings of the Audit Committee were held:

Sr. No Date of Meetings Venue & time of Meeting Directors present Directors to whom leave of absence was granted
1. 26/06/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai-400006 • Mr. Hardik Shah • Mrs. Bharati Mehta Mr. Kanhai Shah
Commencement Time- 11.00A.M. Conclusion Time- 11.25 A.M.
2. 13/08/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. HardikShah • Mrs. Bharati Mehta Mr. Kanhai Shah
Commencement Time- 11:00 A.M. Conclusion Time- 11:25 A.M.
3. 10/11/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. HardikShah • Mrs. Bharati Mehta Mr. Kanhai Shah
Commencement Time- 10.30 A.M. Conclusion Time- 11.30 A.M.
4. 28/01/2021 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai 400006 • Mr. HardikShah • Mrs. Bharati Mehta • Mr. KanhaiShah NA
Commencement Time- 10.00 A.M. Conclusion Time- 11.00 A.M.

A summary statement of transactions with related parties was placed periodically beforethe Audit Committee during the year. Suitable disclosures have been made in the financialstatements. The Minutes of the Meetings of the Committee are circulated through email toall

Directors and are confirmed at the subsequent Meeting.

3. Stakeholders Relationship Committee: The said Committee consists of 3Directors including 2 Independent Directors. Mr. Hardik Shah is the Chairperson of thesaid Committee. Your Company has constituted Stakeholders Relationship Committeeconsisting of Non-Executive director as a Chairperson.

a) Composition of Stakeholders Relationship Committee as onMarch 31 2021 was is under:

Chairman: Mr. Hardik Shah- Non-Executive & Independent Director Members: 1) Mr.Nitin Mehta- Executive Director

2) Mr. Kanhai Shah- Non-Executive & Independent Director

Attendance at the Stakeholders Relationship Committee Meeting: During the FinancialYear 2020-21 1 (One) Meetings of the Stakeholders Relationship Committee were held.

Sr. No Date of Meetings Venue & time of Meeting Directors present Directors to whomleave of absence wasgranted
1. 26/06/2020 1002 Glen Ridge Apartments 16 Ridge Road Malabar Hill Mumbai- 400006 Commencement Time- 10.00A.M. Conclusion Time- 10.25 A.M. • Mr. Hardik Shah • Mr. NitinMehta Mr. Kanhai Shah

The Stakeholders Relationship Committee continued to function effectively during theyear under review. It continued to attend the matters related to Share Transfers andre-dressal of Shareholders' complaints. The complaints and grievances of shareholdersreceived were duly attended by the Committee and as of now no complaints are pending.

23. DIRECTOR'S RESPONSIBILITY STATEMENT:

Pursuant to sub-section (5) of Section 134 of the Companies Act 2013 and to the bestof their knowledge and belief and according to the information and explanations obtained/received from the operating management your Directors make the following statement andconfirm 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 of the company for thatperiod;

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

24. VIGILMECHANISM:

Your Company believes in promoting a fair transparent ethical and professional workenvironment.

The Board of Directors of the Company has established a Whistle Blower Policy &Vigil Mechanism in accordance with the provisions of Section 177(9) of the Companies Act2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules 2014 andSEBI (LODR) Regulations 2015 for reporting the genuine concerns or grievances or concernsof actual or suspected fraud or violation of the Company's Code of Conduct. The saidMechanism is established for directors and employees to report their concerns. The policyprovides the procedure and other details required to be known for the purpose of reportingsuch grievances or concerns. The same is uploaded on the website of the Company(http://www.anshuni.com/)

25. AUDITORS' AND THEIR REPORTS:

The matters related to Auditors and their Reports are as under:

a. Statutory Auditor:

Pursuant to the provisions of Section 139 142 and all other applicable provisions ifany of the Companies Act 2013 read with the Companies (Audit & Auditors) Rules2014 including any statutory enactment or modification thereof M/s. Mahendra Doshi &Associates Chartered Accountant having firm registration No. 105765W were re-appointedas the Statutory Auditors of the Company to hold the office for a period of 3 years fromthe conclusion of the 34th (Thirty-Fourth) Annual General Meeting till theconclusion of 37th (Thirty-Seventh) Annual General Meeting of the Company atsuch remuneration as decided by the Board of Directors in consultation with the Auditorsplus applicable service tax and reimbursement of travelling and out of pocket expensesincurred by them for the purpose of audit.

b. Details of Frauds Reported by Auditor:

There were no frauds reported by the Auditors under sub-section (12) of Section 143 ofCompanies Act 2013 other than those which are reportable to the Central Government.

c. Observations of Statutory Auditors on accounts for the year ended 31stMarch 2021:

There are no observations made by the Statutory Auditors in their report for thefinancial year ended 31st March 2021.

d. Appointment of Secretarial Auditor of the Company

Pursuant to the provisions of the Section 179(3) and 204 of the Companies Act 2013read with Rule 8 of the Companies (Meetings of Board and its Powers) Rules 2014 theBoard of Directors of the Company hereby appoint M/s. Pramod S. Shah & Associates(Membership No. 334) Practicing Company Secretaries as a Secretarial Auditors of theCompany for the Financial Year 2020-21 on such remuneration as may be decided by theBoard in consultation with the Secretarial Auditor.

e. Secretarial Audit Report for the year ended 31st March2021

Provisions of Section 204 read with Section 134(3) of the Companies Act

2013 mandates to obtain Secretarial Audit Report from Practicing Company Secretary.M/s. Pramod S. Shah & Associates (Membership No. 334) Company Secretaries had beenappointed to issue Secretarial Audit Report for the financial year 202021. SecretarialAudit Report issued by M/s. Pramod S. Shah & Associates in form MR-3 for the financialyear 2020-21 forms part of this report and marked as "Annexure F"

f. Observations given by Secretarial Auditor is the Secretarial Audit Report for theyear ended 31st March 2021

M/s. Pramod S. Shah & Associates Secretarial Auditors of the Company have givenan observation in the Secretarial Audit Report stating - "During the financial yearDuring the financial year there was a non-compliance for the period between 1st April2020to 12th August2020 with respect to appointment of Company Secretary under provisionsof Section 203 of the Companies Act2013 read with Regulation 6(1) of SEBI (ListingObligations and Disclosure Requirements) Regulations2015 (for appointment of qualifiedCompany Secretary as Compliance officer). The Company has appointed a qualified CompanySecretary and Compliance Officer w.e.f. 13th August 2020.

g. Appointment of Internal Auditor:

Pursuant to the provisions of Section 138 and 179(3) of the Companies Act 2013 readwith Rule 8 of the Companies (Meetings of Board and its Powers) Rules 2014 the Directorsof the Company hereby appoint M/s. Pramod S. Shah & Associates (Membership No. 334)Mumbai as an Internal Auditor of the Company for the financial year 2020-21 on suchremuneration as may be decided by the Board in consultation with the Internal Auditor.

h. Internal Audit Report for the financial year2020-21:

M/s. Pramod S. Shah & Associates (Membership No. 334) Internal Auditors of theCompany have carried out audit on various expense heads of the Company and site andinventory management. The findings of the Internal Auditors are discussed on an on-goingbasis in the meetings of the Audit Committee and corrective actions are taken as per thedirections of the Audit Committee.

26. REVISION OF THE FINANCIAL STATEMENT OF THE COMPANY/THEREPORT OF THEBOARD:

The Financial Statement of the Company/Directors Report has not been revised during thefinancial year 2020-21 as per Section 131 of Companies Act 2013.

27. ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE AND THAT OF ITS COMMITTEESAND INDIVIDUALDIRECTORS:

During the year under review the Board adopted a formal mechanism for evaluating itsperformance and as well as that of its Committees and individual Directors including theChairman of the Board. The exercise was carried out through structured evaluation processcovering various aspects of the Boards functioning such as composition of the Board &committees experience & competencies performance of specific duties &obligations governance issues etc. Separate exercise was carried out to evaluate theperformance of individual Directors including the Board Chairman who were evaluated onparameters such as attendance contribution at the meetings and otherwise independentjudgment safeguarding of minority shareholders interest etc.

The evaluation of the Independent Directors was carried out by the entire Board andthat of the Chairman and the Non-Independent Directors were carried out by the IndependentDirectors. The Directors were satisfied with the evaluation results which reflected theoverall engagement of the Board and its Committees with the Company.

Having regard to the industry size and nature of business your Company is engaged inthe evaluation methodology adopted is in the opinion of the Board sufficientappropriate and is found to be serving the purpose. All the members of the Board and theManagement Committee have affirmed their compliance with the Code of Conduct as on 31stMarch 2021 and a declaration to that effect signed by the Managing Director is attachedand forms part of this Report.

28. DISCLOSURE OF REMUNERATION PAID TO DIRECTOR AND KEY MANAGERIAL PERSONNEL ANDEMPLOYEES:

a. None of the employees of the Company is drawing remuneration in excess of the limitsprescribed under Rule (5)(2) Chapter XIII as provided under Section197 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules2014.

b. The further details with regard to payment of remuneration to Director and KeyManagerial Personnel are provided in Form No. MGT-9 (Extract of Annual Return) appended as"Annexure B".

29. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION PROHIBITION AND REDRESSAL) ACT2013:

Your Company has always believed in providing a safe and harassment free workplace forevery individual through various interventions and practices.

The Company always endeavors to create and provide an environment that is free fromdiscrimination and harassment including sexual harassment.

Further the Company has constituted an Internal Complaints Committee (ICC) to redresscomplaints received regarding sexual harassment. During the year ended 31st March 2021there were no complaint been received pertaining to sexual harassment.

30. PARTICULARS OFEMPLOYEES

In terms of the provisions of Section 197(12) of the Companies Act 2013 read withRules 5(2) and 5(3) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 a statement showing the names and other particulars of theemployees drawing remuneration in excess of the limits set out in the said rules andprovided in the Annual Report as per "Annexure G".

31.LISTING ON STOCK EXCHANGES:

Your company's equity shares are listed on Bombay Stock Exchange Limited Mumbai (BSELTD). The company has paid the listing fees to the stock exchanges for the financial year2020-21

Details of the Stock Exchange in which the Company is listed:

• Name of the Stock exchange: The Bombay Stock Exchange Limited

• Listing fee for the year 2020-21 has been paid to the Stock Exchange i.e.300000/-.

• Stock Code- Physical : 51209 on The Bombay Stock Exchange Limited

• ISIN No. NSDL: INE425H01016

• Market Price Data : High / Low price during each Month of 2020 -21 on

The Bombay Stock Exchange Limited and BSE Sensex - is 3.99

32. RISK MANAGEMENT:

The Company's robust risk management framework identifies and evaluates all the risksthat the organization faces such as strategic financial credit market liquiditysecurity property legal regulatory reputational and other risks. The Companyrecognizes that these risks need to be managed and mitigated to protect its shareholdersand other stakeholders to achieve its business objectives and enable sustainable growth.The risk framework is aimed at effectively mitigating the Company's various business andoperational risks through strategic actions. Risk management is integral part of ourcritical business activities functions and processes. The risks are reviewed for thechange in the nature and extent of the major risks identified since the last assessment.It also provides control measures for risks and future action plans.

The Company believes that the overall risk exposure of present and future risks remainswithin risk capacity.

33. POLICIES ADOPTED AS PER SEBI (PROHIBITION OF INSIDER TRADING) AMENDMENTREGULATION2018:

Your Directors have adopted policies as per SEBI (Prohibition of Insider Trading)Amendment Regulation 2018 dated December 31 2018 and hence it had been applicable w.e.f.April 01 2019 and is herewith attached as "Annexure H".

34. GENERALDISCLOSURES:

Your Directors state that no disclosure or reporting is required in respect of thefollowing items as there were no transactions pertaining to these matters during financialyear 2020-21:

1. Issue of equity shares with differential rights as to dividend voting or otherwise.

2. Issue of shares (including sweat equity shares) to employees of the Company underany scheme.

3. Neither the Managing Director nor the Whole-time Directors of the Company receiveany remuneration or commission from any of its subsidiaries.

34. MATERIAL AND SIGNIFICANT ORDERS PASSED BY REGULATORS & COURTS

There is no significant and material orders have been passed by any regulators orcourts or tribunals against the Company impacting the going concern status and Company'soperations in future.

35. SECRETARIALSTANDARDS

The Directors state that applicable Secretarial Standards i.e.SS-1 and SS-2 relatingto ‘Meetings of the Board of Directors and ‘General Meeting' respectively havebeen duly followed by the Company.

36. CORPORATE SOCIAL RESPONSIBILITYPOLICY

Section 135 of the Companies Act 2013 is not applicable to your Company. Thereforeduring the year under review the Company has not developed the policy on Corporate SocialResponsibility as the Company does not fall under the prescribed classes of Companiesmentioned under Section 135 (1) of the Companies Act 2013.

37. COST AUDIT:

Section 148(1) of the Companies Act 2013 with respect to maintenance of Cost recordsis not applicable to your Company.

38. ACKNOWLEDGEMENT:

Your Directors place on record their deep appreciation to employees at all levels fortheir hard work dedication and commitment.

The Board place on record its appreciation for the support and co-operation yourCompany has been receiving from its investors customers vendors bankers financialinstitutions business associates Central & State Government authorities Regulatoryauthorities and Stock Exchanges.

For and on behalf of the Board of Directors ANSHUNI COMMERCIALS LIMITED Sd/- Sd/-
Nitin Mehta Anshul Mehta
Managing Director Director & Chief Financial Officer
DIN: 00211780 DIN: 00233371
1002 Glen Ridge Apartments 1002 Gel Ridge Apartment
16 Ridge Road Malabar Hill 16 Ridge Road Malabar Hill
Mumbai 400006 Mumbai 400006
Date: August 12 2021
Place: Mumbai

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