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Auto Pins (India) Ltd.

BSE: 531994 Sector: Auto
NSE: N.A. ISIN Code: INE706C01028
BSE 00:00 | 18 Jun 45.00 0.70
(1.58%)
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46.40

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46.40

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45.00

NSE 05:30 | 01 Jan Auto Pins (India) Ltd
OPEN 46.40
PREVIOUS CLOSE 44.30
VOLUME 75
52-Week high 46.40
52-Week low 35.05
P/E 67.16
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 46.40
CLOSE 44.30
VOLUME 75
52-Week high 46.40
52-Week low 35.05
P/E 67.16
Mkt Cap.(Rs cr) 26
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Auto Pins (India) Ltd. (AUTOPINSI) - Director Report

Company director report

TO THE MEMBERS OF

AUTO PINS (INDIA) LIMITED

Dear Members

Your Directors have pleasure in presenting their 45th Annual Report togetherwith the Audited Financial Statement of the Company for the Year ended March 31 2020.

FINANCIAL SUMMARY

During the year under review the Company has achieved the following financial results:

(Rs. in Lakhs)
Particulars 31.03.2020 31.03.2019
Total Income 2735.02 3627.12
Expenditure 2686.40 3577.73
Profit before Tax 48.62 49.39
Less: Tax Expense (0.21) (13.60)
Profit after Tax 48.83 62.99
Share Capital 570.71 570.71

Financial statements have been prepared in accordance with Indian Accounting Standards(Ind AS) as per the Companies (Indian Accounting Standards) Rules 2015 notified underSection 133 of Companies Act (Act) and other relevant provisions of the Act read with theCompanies (Indian Accounting Standards) Rules as amended from time to time.

STATE OF COMPANY'S AFFAIRS

The overall performance for the financial year ended 31st March 2020 was satisfactory.The profits of company earned during the year was amounted to Rs. 4883000/-. Howeveryour Directors are confident that the company will do much better in future and trying itslevel best to further improve its performance.

DIVIDEND

No dividend on equity shares has been recommended by the Board for the year ended 31stMarch 2020 considering the future plans of the Company.

FIXED DEPOSITS

Your Company has not invited or accepted any deposit from the public and as such noamount of Principal and interest was outstanding on the date of the Balance Sheet.

SHARE CAPITAL

(A) Authorised Share Capital

The Authorised Share Capital of the company stands at Rs. 70000000/- divided into7000000 Equity Shares of Rs. 10/- each. During the year there has been no change inAuthorized Share Capital of the company.

(B) Issued Subscribed and Paid -Up Share Capital

The Issued Subscribed and Paid up Share Capital of the company stands at Rs.57070620/- divided into 5707062 Equity Shares of Rs. 10/- each. During the year therehas been no change in the issued subscribed and Paid-up Share Capital of the company.

RESERVES

During the financial year 2019-20 the Company has not transferred any amount to itsReserves and Surplus.

SUBSIDIARY/HOLDING/JOINT VENTURES/ASSOCIATE COMPANIES AND THETR PERFORMANCE ANDFINANCIAL POSITION

Holding Company

Your company has holding company namely M/s Mystic Woodart Private Limited as on March31 2020 and holds 3152500 shares (55.24%) in your company. The details of the HoldingCompany are as follows:

Name of the Company MYSTIC WOODART PRIVATE LIMITED
CIN U74900DL2007PTC168093
Registered office 9 SOUTHERN AVENUE MAHARANI BAGH NEW DELHI-110065

MATERIAL CHANGES AND COMMITMENT

No material changes and commitments occurred which may affect the financial positionof the Company between the end of the financial year of the Company to which thefinancial statements relate and the date of the report.

INTERNAL CONTROL SYSTEM

The Company has adequate system of internal control to safeguard and protect from lossunauthorized use or disposition of its assets. All the transactions are properlyauthorized recorded and reported to the Management. The Company is following all theapplicable Accounting Standards for properly maintaining the books of accounts andreporting financial statements. The management of the company checks and verifies theinternal control and monitors them in accordance with policy adopted by the company.Company continues to ensure proper and adequate systems and procedures commensurate withits size and nature of its business.

CHANGE TN THE NATURE OF BUSINESS IF ANY

During the year under review there was no Change in the nature of the business of theCompany.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

Directors:

In accordance with the provisions of Section 152 of the Companies Act 2013 and theCompany's Articles of Association Mr. Rajbir Singh Managing Director retire by rotationat the ensuing Annual General Meeting and being eligible offer themselves forre-appointment. The Board recommends their re-appointment for consideration of theMembers of the Company at the ensuing Annual General Meeting.

As per the provisions of Section 196 197 198 and Section 203 of the Companies Act2013 with subject to the approval of Shareholders in the ensuring Annual General Meetingre-appointment of Mr. Rajbir Singh (DIN: 00176574) as a Managing Director of the Companyfor a second term of five consecutive years with effect from August 10 2021.

As per the provisions of Section 149 152 read with Schedule IV of the Companies Act2013 with subject to the approval of Shareholders in the ensuring Annual General Meetingre-appointment of Ms. Shilpy Chopra as an Independent Director of the Company for a secondterm of five consecutive years with effect from 31st March 2020.

Key Managerial Personnel (KMP):

During the period Ms. Manisha Goswami was appointed as Company Secretary andCompliance officer of the Company w.e.f. 31st July 2018 and resigned from thepost of Company Secretary and Compliance Officer of the Company w.e.f. 31.05.2019.

Further Mr. Prakash Kedia was appointed as Company Secretary and Compliance officer ofthe Company w.e.f. 20th March 2020 and resigned from the post of CompanySecretary and Compliance Officer of the Company w.e.f. 31.08.2020.

Further Ms. Kirti Jain has been appointed as Company Secretary and Compliance officerof the Company w.e.f. 23rd September 2020 pursuant to Section 203 of theCompanies Act 2013 and Regulation 6 under Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2018.

STATEMENT ON DECLARATION BY INDEPENDENT DIRECTORS

The Company has received the necessary declaration from all Independent Directors inaccordance with Section 149(7) of the Companies Act 2013 that they meet the criteria ofindependence as laid out in sub-section (6) of Section 149 of the Companies Act 2013.

NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS AND COMMITTEE MEETINGS

During the financial year 2019-20 Seven (7) Board Meeting were convened and held as on27.05.2019 31.05.2019 14.08.2019 12.10.2019 14.11.2019 and 14.02.2020 20.03.2020. Theintervening gap between the Meetings was within the period prescribed under the CompaniesAct 2013 and the SEBI (LODR) Regulations 2018

PERFORMANCE EVALUATION OF NON - INDEPENDENT DIRECTORS

The performance evaluation of Chairman and the Non-Independent Directors were carriedout by the Independent Directors considering aspects such as effectiveness as Chairmanin developing and articulating the strategic vision of the company; demonstration ofethical leadership displaying and promoting throughout the company a behaviour consistentwith the culture and values of the organization; contribution to discussion and debatethrough thoughtful and clearly stated observations and opinions; creation of a performanceculture that drives value creation without exposing the company to excessive risks

COMPANY'S POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION

The criteria for Director's appointment has been set up by the Nomination andRemuneration Committee which includes criteria for determining qualifications positiveattributes independence of a director and other matters provided under Sub Section (3) ofSection 178 of the Companies Act 2013("the Act"). The same is attached in thereport as "Annexure 1".

AUDIT COMMITTEE

[(Section 177 of Companies ACT 2013) and Companies (Meetings of Board and its Powers)Rules 2014 and other applicable provision]

The primary objective of the Committee is to ensure accurate and timely disclosureswith the highest levels of transparency integrity and quality of financial reporting. TheCommittee met four times during the year. As of the date of this report the Committee iscomprised of three directors namely Mr. Ravi Kumar Mr. Nand Kishore Sharma IndependentDirectors and Mr. Subhash Jain Director of the Company.

Meetings

During the financial year 2019-20 Four (4) meetings of the Audit Committee were heldas detailed herein below. The gap between two meetings did not exceed four /months.

The details of the meetings held and the attendance thereat of the Members of the AuditCommittee are as detailed here in below:

ATTENDANCE
Date of meeting Mr. Ravi Kumar Mr. Nand Kishore Sharma Mr. Subhash Jain
27.05.2019 Yes Yes Yes
14.08.2019 Yes Yes Yes
14.11.2019 Yes Yes Yes
14.02.2020 Yes Yes Yes

NOMINATION AND REMUNERATION COMMITTEE

(Section 178 of Companies Act 2013 and Companies (Meetings of Board and its Powers)Rules 2014 and other applicable provision]

Nomination and Remuneration Committee of the Board has been constituted as per section178 of the Companies Act 2013 and rule 6 of the Companies (Meetings of Board and itsPowers) Rules 2014. The Nomination and Remuneration Committee shall determinequalifications positive attributes and independence of a director and recommend to theBoard a policy relating to the remuneration of the directors Key Managerial Personnel andother employees. The Nomination and Remuneration

Committee consists of three Independent Directors comprising of Mr. Ravi Kumar(Chairman of Committee) Mr. Nand Kishore Sharma and Ms. Shilpy Chopra.

Meetings

During the financial year 2019-20 the Committee met twice. The details of the meetingsheld and the attendance thereat of the Members of the Nomination and RemunerationCommittee are as detailed herein below:

ATTENDANCE
Date of meeting Mr. Ravi Kumar Mr. Nand Kishore Sharma Ms. Shilpy Chopra
14.08.2019 Yes Yes Yes
14.11.2019 Yes Yes Yes

STAKEHOLDER RELATIONSHIP COMMITTEE

[(Section 178 of Companies Act 2013 and Companies (Meetings of Board and its Powers)Rules 2014 and other applicable provision)]

The composition of the Stakeholders Relationship Committee (SRC) is in line with theSection 178 of the Act read with Regulation 20 of LODR. The Committee comprises of Mr.Ravi Kumar as Chairman and Mr. Nand Kishore Sharma and Ms. Shilpy Chopra as members of theCommittee. It looks after the stakeholders grievances and redressal of investors'complaints related to transfer of shares non receipt of balance sheet non receipt ofdividend etc.

Meetings

During the financial year 2019-20 the Committee has met once in the year. The detailsof the meeting held and attendance there at of the Members of the Stakeholders'Relationship Committee are as detailed herein below:

ATTENDANCE
Date of meeting Mr. Ravi Kumar Ms. Shilpy Chopra Mr. Nand Kishore Sharma
14.02.2020 Yes Yes Yes

MEETING OF INDEPENDENT DIRECTORS

As required under Clause VII of Schedule IV of Companies Act 2013 read with Regulation25(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015the Independent directors of the Company shall hold at least one meeting in a year withoutthe attendance of nonIndependent Directors and members of management. Accordingly aseparate meeting of Independent directors was held on Friday February 14 2020 inter aliato discuss and review the performance of Non-Independent Directors and the board as awhole: review the performance and to assess the quality quantity and timeliness of flowof information. The Independent Directors have handed over the proceedings of the meetingto the Managing Director of the Company.

POLICIES

We seek to promote and follow the highest level of ethical standards in all ourbusiness transactions guided by our value system. The SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 mandated the formulation of certain policiesfor all listed companies. All our corporate governance policies are available on ourwebsite www.autopinsindia.com.The policies are reviewed periodically by the Board andupdated based on need and new compliance requirement.

In addition to its Code of Conduct and Ethics key polices that have been adopted bythe company are as follows:

S. No. Name of the Policy Brief Description
1. Whistle blower Policy(Policy on Vigil Mechanism) Pursuant to the provisions of Section 177 (9) & (10) of the Companies Act 2013 read with Rule 7 of Companies (Meetings of Board and its Powers) Rules 2014 and Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 the Company has adopted a Whistle Blower Policy which provides for a vigil mechanism that encourages and supports its Directors and employees to report instances of unethical behaviour actual or suspected fraud or violation of the Company's Code of Conduct or Ethics Policy. It also provides for adequate safeguards against victimisation of persons who use this mechanism and direct access to the Chairman of the Audit Committee in exceptional cases.
[Regulation 22 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015]
2. Nomination remuneration & Evaluation policy The Board has on the recommendation of the Nomination & Remuneration Committee framed a Nomination Remuneration & Evaluation Policy which inter-alia lays down the criteria for identifying the persons who are qualified to be appointed as Directors and/or Senior Management Personnel of the Company along with the criteria for determination of remuneration of Directors KMPs and other employees and their evaluation and includes other matters as prescribed under the provisions of Section178 of Companies Act 2013 and Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.
[Regulation 19 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015]
3. Prevention Prohibition & Redressal of Sexual Harassment of Women At Workplace The Company has in place a Policy on Prevention Prohibition & Redressal of Sexual Harassment of Women at Workplace and an Internal Complaints Committee (ICC) has been constituted there under. The primary objective of the said Policy is to protect the women employees from sexual harassment at the place of work and also provides for punishment in case of false and malicious representations.
4. Risk Management Policy Your Company has formulated and adopted a Risk Management Policy.
The Board of Directors is overall responsible for identifying evaluating and managing all significant risks faced by the Company. The Risk Management Policy approved by the Board acts as an overarching statement of intent and establishes the guiding principles by which key risks are managed across the organisation.
5. Related Party Transaction Policy Related Party Transaction Policy as formulated by the Company defines the materiality of related party transactions and lays down the procedures of dealing with Related Party Transactions.
[Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015]
6. Insider Trading Policy The Policy provides the framework in dealing with securities of the company.
7. Document Retention and Archival Policy Pursuant to SEBI (LODR) Regulations 2015 it mandates that every listing entity shall formulate a policy for preservation of documents and Regulation 30(8) of the Regulations is also required to have an archival policy on archiving all information disclosed to stock exchange(s) and the same being hosted on the Company's website.
[Regulation 9 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015]
8. Materiality Disclosure Policy Pursuant to SEBI (LODR) Regulations 2015 it mandates that every listed entity shall make disclosure of any events or information which in the opinion of the Board of Directors of the listed company is material and the same being hosted on the Company's website.
[Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015]

CODE OF CONDUCT FOR THE BOARD OF DIRECTORS AND THE SENIOR MANAGEMENT PERSONNEL

The Board of Directors has approved a Code of Conduct which is applicable to themembers of the Board and all employees in the course of day to day business operations ofthe Company. The Code lays down the standard procedure of business conduct which isexpected to be followed by the Directors and the designated employees in their businessdealings and in particular on matters relating to integrity in the work place in businesspractices and in dealing with stakeholders. All the Board Members and the SeniorManagement personnel have confirmed compliance with the Code. All Management personnel arebeing provided appropriate training in this regard.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN & WORKPLACE (PREVENTION PROHIBITIONAND RESDRESSAL) ACT 2013

As per the Sexual Harassment of Women at Workplace (Prevention Prohibition &Redressal) Act 2013 your Company has taken the initiatives towards any action on the partof any executive which may fall under the ambit of ‘Sexual Harassment at workplaceand is fully committed to uphold and maintain the dignity of every women working in thepremises of the Company. The Policy provides for protection against sexual harassment ofwoman at workplace and for prevention of such complaints.

Number of complaints pending as on the beginning of the period - NIL
Number of complaints filed during the financial period - NIL
Number of complaints pending as on the end of the period - NIL

PARTICULARS OF EMPLOYEES

Information in accordance with the provisions of Section 134(3) (q) and Section 197(12)of the Companies Act 2013 read with Rule 5(1) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 regarding employees is given in"Annexure-2".

AUDITORS

Statutory Auditor

The auditor M/s Dharam Taneja Associates. Chartered Accountants Statutory Auditorswas appointed in the 42nd AGM to hold office for a period of five years fromthe conclusion of 42nd AGM till the conclusion of the 47th AGM.

There are no qualifications or adverse remarks in the Auditor's Report which requireany clarification/explanation. The notes on financial statements are statements areself-explanatory and needs no further explanation.

Secretarial Auditor

As required under section 204 of the Act 2013 and the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 the Company is required to appoint aSecretarial Auditor for auditing secretarial and related records of the Company.

Accordingly M/s Parveen Rastogi & Co. Practicing Company Secretaries wasappointed as Secretarial Auditor for carrying out the secretarial audit of the Company forthe Financial Year 2019-20. The secretarial audit report for the financial year ended 31stMarch 2020 is annexed with the Board's report as Annexure 3.

Internal Auditor

M/s Sumit Shoundik & Co. Internal Auditor of the Company for the F.Y. 2020-21according to Section 138 of the Companies Act read with Companies (Accounts) Rules 2014to carry out the roles and responsibilities during the current financial year which are asfollows:

• Evaluated and provided reasonable assurance that risk management control andgovernance systems are functioning as intended and will enable the organization'sobjectives and goals to be met.

• Reported risk management issues and internal controls deficiencies identifieddirectly to the audit committee and provided recommendations for improving theorganization's operations in terms of both efficient and effective performance.

• Evaluated information security and associated risk exposures.

• Evaluated regulatory compliance program with consultation from legal counsel.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

During the year under review the Company has not given loan Guarantees or investedunder Section 186 of the Companies Act 2013 read with Companies (Meetings of Board andits Powers) Rules 2014.

PUBLIC DEPOSITS

During the period under review the company has not accepted any deposits from publicand as such no amount on account of principal and interest on deposits from public wasoutstanding as on the date of the balance sheet.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALSIMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

Your directors confirm that no significant and/or material order(s) had been passedagainst the Company during the financial year 2019-20 which may adversely impact thestatus of ongoing concern and operations in future of the Company.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

Related party transactions entered during the period under review are disclosed in theFinancial Statements of the company for the financial year ended March 31 2020. Thesetransactions entered were at an arm's length basis and in the ordinary course of business.There were no materially significant related party transactions with the Company'sPromoters Directors Management or their relatives which could have had a potentialconflict with the interests of the Company. Form AOC-2 containing the note on theaforesaid related party transactions is enclosed herewith as "Annexure-4".

The Policy on materiality of related party transactions and dealing with related partytransactions as approved by the Board may be accessed on the Company's website.

EXTRACT OF THE ANNUAL RETURN

The extract of the annual return i.e. Form MGT - 9 as prescribed under sub-section (3)of section 92 of the Companies Act 2013 read with Rule 12 of Companies (Management andAdministration) Rues 2014 shall form part of the Board's report and are attached herewith as Annexure -5 to this report.

CORPORATE SOCIAL RESPONSIBILITY

Your Company does not fall under the criteria as laid down under Section 135 of theCompanies Act 2013 read with Companies (Corporate Social Responsibility Policy) Rules2014 therefore there was no requirement to constitute and formulate a committee underCorporate Social Responsibility.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

In pursuance to section 134 of the Companies Act 2013 comments are required inrelation to Conservation of Energy Technology Absorption as the company is engaged inmanufacturing activities.

The details forming part of the extract of Conservation of Energy TechnologyAbsorption is annexed herewith as Annexure 6.

EXPLANATION OR COMMENTS ON QUALIFICATIONS. RESERVATIONS OR ADVERSE REMARKS ORDISCLAIMERS MADE BY THE AUDITORS AND THE PRACTICING COMPANY SECRETARY IN THETR REPORTS

The notes on account referred to in Auditor's Report are self-explanatory andtherefore do not call for any further comments under Section 134 of the Companies Act2013 read with the Companies (Accounts) Rules 2014.

The secretarial Audit Report does not contain/ contains any qualification reservationsor other remarks.

LISTING REQUIREMENTS

The equity shares of your Company are listed with the BSE Limited.

(Annual Listing Fee for the Financial Year 2020-21 has not been paid yet by the companyto the above Stock Exchange)

DEMATERATT JZATION OF SHARES

The shares of your company are being traded in electronic form and the Company hasestablished connectivity with Central Depository Services (India) Limited (CDSL) andNational Securities Depository Limited (NSDL). In view of the numerous advantages offeredby the Depository system

Members are requested to avail the facility to dematerialization of shares either ofthe Depositories as aforesaid.

MANAGEMENT DISCUSSIONS AND ANALYSIS REPORT

As per Regulation 34 and Schedule V of the SEBI (Listing Obligations and DisclosureRequirements) Regulation 2015 the Management Discussion and Analysis report is appendedherein. The said report is part of the annual report as "Annexure-7".

CORPORATE GOVERNANCE

The Company is not required to mandatorily comply with the provision of Regulation 17to Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 (Listing Regulations 2015) as its equity share capital is less than Rs.10 Crore andNet Worth is not exceeding Rs.25 crores as on the last day of the previous financialyear.

DIRECTORS' RESPONSIBILITY STATEMENT

The Directors confirm that in the preparation of the Annual Accounts of the Company forthe year ended 31st March 2020 that:

i. In the preparation of the accounts the applicable accounting standards have beenfollowed with proper explanation relating to material departures

ii. The Directors have 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 ended 31stMarch 2020 and of the profit of the Company for that year;

iii. The Directors had taken proper and sufficient care was taken for the maintenanceof adequate accounting records in accordance with the provisions of the Companies Act2013 for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities

iv. The Directors have prepared the Annual Accounts on a "going concern"basis.

v. The directors being a Listed Company had laid down internal financial controls tobe followed by the company and that such internal financial controls are adequate and wereoperating effectively.; and

vi. The directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

DETAILS OF FRAUD REPORTED BY AUDITORS

No fraud has been noticed or reported by the Auditors including cost auditor andsecretarial auditor of the Company as per Section 134 (3) (ca) of the Companies Act 2013read with Companies (Amendment) Act 2015.

CHIEF FINANCIAL OFFICER AND MANAGING DIRECTOR CERTIFICATE

In terms of the requirement of the Regulation 17(8) of the SEBI (Listing Obligation& Disclosure Requirements) Regulation 2015 the certificate from Managing Directorand Chief Financial Officer obtained and is attached in the said annual report. The saidcertificate is part of the annual report as "Annexure-8".

SHARE TRANSFER SYSTEM

The Stakeholders Relationship Committee has authorized the Company Secretary of thecompany to approve the transfer of shares within a period of 15 days from the date ofreceipt in case the documents are completed in all respects. Shares under objection arereturned within two weeks. All request for dematerialization of shares are processed iffound in order and confirmation is given to the respective depositories that is NationalSecurities Depositaries Ltd (NSDL) and Central Depositories Services Ltd (CDSL) within 15days.

CODE FOR PROHIBITION OF INSIDER TRADING PRACTICES

In compliance of the provisions of SEBI (Prohibition of Insider Trading) Regulations2015 the Company has formulated "Code of Practices and Procedures for FairDisclosure of Unpublished Price Sensitive Information" and "Code of Conduct toRegulate Monitor and Report Trading by Insiders". "Code of Practices andProcedures for Fair Disclosure of Unpublished Price Sensitive Information" prescribesthe framework for fair disclosure of events and occurrences that could impact pricediscovery in the market for securities of the Company and "Code o f Conduct toRegulate Monitor and Report Trading by Insiders" has been formulated to regulatemonitor and report trading by employees and other connected persons of the Company.

ACKNOWLEDGEMENT

The Company would like to thank all of its Stakeholders including inter aliaSuppliers vendors Investors and Bankers and appreciation to all its customers for theirconsistent abiding support throughout the year. Your Company also records itsappreciation of the contributions made by employees at all levels. Their commitmentcooperation and support are indeed the backbone of all endeavours of the Company

By Order of the Board
For AUTO PINS (INDIA) LIMITED
Place: Delhi Sd/- Sd/-
Date: 20/11/2020 RAJBIR SINGH SUBHASH JAIN
MANAGING DIRECTOR DIRECTOR
DIN:00176574 DIN:00176493
9 SOUTHERN AVENUE D 682 SECTOR-I
MAHARANIBAGHNEW DOCTOR AMBEDKER
DELHI - 110065 NAGAR NEW DELHI -
110062