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CMM Infraprojects Ltd.

BSE: 535023 Sector: Infrastructure
NSE: CMMIPL ISIN Code: INE289S01013
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CMM Infraprojects Ltd. (CMMIPL) - Director Report

Company director report

To

The Members of

CMM Infraprojects Limited

Your Directors are pleased to present the 16th Annual Report of the Company on thebusiness and operations of the Company together with the audited financial statements forthe financial year ended 31st March 2021.

SYNOPSIS OF PROFIT AND LOSS ACCOUNT

The Company's Performance during the financial year ended March 31 2021 as compared tothe previous financial year is summarised below:

Particulars 2020-21 2019-20
Revenue from operations 519343388 703282547
Other income 37010172 13644244
Total Revenue 556353560 716926791
Total Expenses 540846558 707857013
Profit/(Loss) before interest depreciation amortization and taxes (EBITDA) 101004604 94993409
Depreciation and Amortisation 21147655 22872223
Finance Cost 64349948 63051408
Pro t before tax 15507001 9069778
Tax expenses 13490971 (1970058)
Pr t after tax 2016030 11039836

CHANGE IN THE NATURE OF BUSINESS:

There has been no change in the nature of the business of the Company during the year.

HIGHLIGHTS OF FINANCIAL PERFORMANCE:

During the year under review your Company's total revenue stood at Rs. 566353560/-as compared to Rs. 716926791/- for the previous year. The Operating Pro t beforeTaxation (PBT) amounted to Rs. 155.07 Lakhs as against Rs. 90.70 Lakhs in previous year.Total Income/Pro t after Tax (PAT) amounted to Rs. 20.16 Lakhs as against Rs. 110.40 Lakhsin previous year.

DIVIDEND:

To cater the growing need of funds for business operations your Directors have decidednot to recommend any dividend on Equity Shares for the year under review.

TRANSFER TO RESERVES:

The Company has not transferred any amount to the reserve out of the profits earnedduring the year under review.

SHARE CAPITAL POSITION AS ON 31st MARCH 2021:

The Authorised Share Capital of the company is Rs.160000000 divided into 16000000equity shares of Rs.10/- each. The paid up share capital of the company is Rs.156732600divided into 15673260 equity shares of Rs. 10/- each. There has been no change in theshare capital of the Company.

PAYMENT OF LISTING FEES:

Annual listing fee for the year 2021-2022 has been paid by the Company to NSE Limitedwhere the shares of the Company are listed.

INTERNAL FINANCIAL CONTROLS:

The Company has in place adequate internal financial controls with reference to thefinancial statements. During the year such controls were evaluated and no reportable deciency in the design or operations of such controls were observed.

RELATED PARTY TRANSACTIONS:

All related party transactions that were entered into during the financial year underreview were on arm's length basis and were in the ordinary course of the business. Duringthe year the Company had not entered into any contract/ arrangement/ transaction withrelated parties which could be considered material in accordance with the policy of theCompany. The disclosure of related party transactions as required to be made under Section134(3) (h) of the Companies Act 2013 in Form AOC -2 is therefore not applicable.

PARTICULARS OF LOANS GUARANTEES OF INVESTMENTS:

Your Company has not given any loans or guarantees or made investment beyond the limitsmentioned under Section 186 of the Companies Act 2013. Kindly refer the financialstatements for the loans guarantees and investments given/ made by the Company if anyas on March 31 2021.

DEPOSITS:

The Company has not invited/accepted any deposits from public during the year underreview to which the provisions of Section 73 of the Companies Act 2013 are applicable.

DIRECTOR'S RESPONSIBILITY STATEMENT:

In terms of Section 134(5) of the Companies Act 2013 in relation to the auditedfinancial statements of the Company for the year ended March 31 2021 the Board ofDirectors hereby confirms that:

i. In the preparation of the annual accounts the applicable accounting standards havebeen followed along with proper explanation relating to material departures if any;

ii. Such accounting policies have been selected and applied consistently and theDirectors made judgments and estimates that are reasonable and prudent so as to give atrue and fair view of the state of affairs of the Company as on March 31 2021 and of theprofits of the Company for the year ended on that date;

iii. Proper and sufficient care was taken for the maintenance of adequate accountingrecords in accordance with the provisions of the Companies Act 2013 for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

iv. The annual accounts of the Company have been prepared on a going concern basis;

v. Internal financial controls have been laid down to be followed by the Company andthat such internal financial controls are adequate and were operating effectively;

vi. Proper systems have been devised to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMPs):

In accordance with the provisions of Section 152 (6)(C) of the Companies Act 2013 andthe Article of Associations of the Company Mrs. Samta Mundra (DIN:00030837) Whole timeDirector of the Company is due to retire by rotation at forthcoming Annual GeneralMeeting and being eligible has offered herself for re-appointment. The Board of Directorsrecommends her re-appointment.

The Directors on the Board have submitted notice of interest under Section 184(1) i.e.in Form MBP-1 intimation under Section 164(2) i.e. in Form DIR-8 and declaration as tocompliance with the Code of Conduct of the Company.

Details of the proposal for appointment/ re-appointment of Directors are mentioned inthe Notice of the Annual General Meeting.

KEY MANAGERIAL PERSONNEL

Pursuant to the provisions of Section 203 of the Act read with Rule 8 of Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 Key ManagerialPersonnel of the Company as on 31st March 2021 are summarized below:

Mr. Kishan Mundra DIN: 00030739
Chairman & Managing Director
Mrs. Samta Mundra DIN: 00030837
Whole-Time Director
Mrs. Laxmi Devi Mundra
Whole-Time Director DIN: 00030794
Mr. Lokendra Singh Solanki CFO
Mr. Ankit Joshi* CS

*Mr. Ankit Joshi (Mem No: A39299) Company Secretary and Compliance of cer of theCompany resigned on 07.06.2021 and Ms Mansi Birla (Mem No: A65090) is appointed as CompanySecretary and Compliance of cer of the Company w.e.f 07.06.2021.

DECLARATIONS BY INDEPENDENT DIRECTORS

The Company has received declarations from all the Independent Directors of the Companyconfirming that they meet the criteria of independence and that they are not aware of anycircumstance or situation which exist or may be reasonably anticipated that could impairor impact their ability to discharge their duties with an objective of independentjudgment and without any external influence pursuant to Regulation 25 of the ListingRegulations. None of the Directors have been subjected to any disqualification under theAct.

CERTIFICATE OF NON DISQUALIFICATION OF DIRECTORS UNDER REGULATION 34 (3) -

The Certificate of Non Disqualification of Directors under Regulation 34 (3) read withSchedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015is attached as "Annexure F" and forms a part of this Report.

BOARD MEETINGS:

Five (05) meetings of Board of Directors were convened during the financial year underreview on the following dates 31.07.2020; 04.09.2020; 11.11.2020; 22.12.2020 and12.03.2021.

Name of Directors' Number of Meetings attended/ Total Meetings held during the F.Y. 2020-2021 Last AGM Attended
Mr. Kishan Mundra 05/05 Yes
Mrs. Laxmi Devi Mundra 04/05 Yes
Mrs. Samta Mundra 05/05 Yes
Mr. Pranjal Dubey 05/05 Yes
Mr. Jitendra Tolani 04/05 Yes
Mr. Sameer Tiwari 05/05 Yes

SEPERATE MEETING OF INDEPENDENT DIRECTORS

As stipulated by the Code of Independent Directors under the Companies Act 2013; aseparate meeting of the Independent Directors of the Company was held on 20th March 2021to review the performance of Non-Independent Directors (including the Chairman) and theentire Board. The Independent Directors also reviewed the quality content and timelinessof the flow of information between the Management and the Board and it's Committees whichis necessary to effectively and reasonably perform and discharge their duties.

COMMITTEE OF THE BOARD

The Company has following ve Committees:

Audit Committee:

The Company has constituted Audit Committee as per requirement of section 177 of theCompanies Act 2013 and Regulation 18 of the SEBI (LODR) Regulations 2015. The terms ofreference of Audit Committee are broadly in accordance with the provisions of SEBI (LODR)Regulations 2015 and Companies Act 2013. The constitution of the Audit Committee wasapproved by the Board of Directors. The Audit Committee comprises of the followingDirectors of the Company:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 5
2. Mr. Jitendra Tolani Independent Director Member 4
3. Mr. Kishan Mundra Managing Director Member 5

The Audit Committee which met five times during the year 2020-2021 held its meetingson 31.07.2020; 04.09.2020; 11.11.2020; 22.12.2020 and 12.03.2021.

Nomination and Remuneration Committee:

The Company has constituted a Nomination and Remuneration Committee in accordance withsection 178 of the Companies Act 2013 and the SEBI (LODR) Regulations 2015. Theconstitution of the Nomination and Remuneration Committee was approved by a Meeting of theBoard of Directors held. The Nomination and Remuneration Committee comprises of thefollowing Directors of the Company:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 1
3. Mr. Jitendra Tolani Independent Director Member 1
4. Mr. Sameer Tiwari Independent Director Member 1

The Committee which met once during the year 2020-2021 held its meeting on 12-03-2021.

Stakeholders' Relationship Committee:

The Company has constituted a Shareholder/Investors Grievance Committee("Stakeholders Relationship Committee") to redress complaints of theshareholders. The Committee was constituted by the Board. The Stakeholders' RelationshipCommittee comprises the following Directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Pranjal Dubey Independent Director Chairman 1
2. Mrs. Samta Mundra Whole-Time Director Member 1
3. Mr. Kishan Mundra Managing Director Member 1

The Committee which met once during the year 2020-2021 held its meeting on 20-03-2021.

Corporate Social Responsibility (CSR) Committee-

Company has constituted a CSR Committee in accordance with the provisions of section135 of Companies Act 2013. The constitution of the CSR Committee was approved by ameeting of the Board and reconstituted as per requirements. The CSR Committee comprisesthe following Directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Kishan Mundra Managing Director Chairman 1
2. Mr. Pranjal Dubey Independent Director Member 1
3. Mrs. Samta Mundra Whole-time Director Member 1

During the year one meeting of the CSR Committee was held on 12-03-2021.

Executive and Borrowing Committee-

Board of Directors has voluntarily constituted Borrowing Committee of the Board andpowers of Borrowing were delegated to the said committee. This Committee comprises thefollowing directors:

S. No. Name of Director Nature of Directorship Designation in the Committee No. of Meeting attended
1. Mr. Kishan Mundra Managing Director Chairman --
2. Mrs. Samta Mundra Whole-Time Director Member --

During the year under review two meetings were held.

RISK MANAGEMENT

Your Company is well aware of risks associated with its business operations and variousproject under execution. Comprehensively risk management system is being put in placeinvolving classification of risk adoption of risk mitigation measures and strongmechanism to deal with potential risks and situation leading to rise of risks in aneffective manner. The Company is constantly on the lookout for identifying opportunitiesto enhance its enterprise value and keeping the need to minimize the risks associated withsuch efforts every proposal of significant nature is screened and evaluated for the risksinvolved and then approved at different levels in the organisation before implementation.

Senior professionals conversant with risk management systems have been entrusted withthe said task with a brief to implement the risk management.

The Company is not statutorily required to form risk management committee. However theAudit Committee of the Company evaluates the risk management system regularly.

SUBSIDIARIES AND ASSOCIATES:

The Company doesn't have any subsidiary associate or joint venture during theFinancial Year 2020-2021 as well as at the beginning or closing of the Financial Year.

DEMATERIALIZATION:

As on March 31 2021 all equity shares of the Company are held in dematerialized form.The breakup of the equity shares as on March 31 2021 is as follows:

Particulars No. of Shares Percentage
NSDL 7647992 48.80%
CDSL 8025268 51.20%
Total 15673260 100.00

RECONCILIATION OF SHARE CAPITAL AUDIT:

In line with the requirements stipulated by Securities and Exchange Board of India(SEBI) Reconciliation of Share Capital Audit is carried out on quarterly basis by aPracticing Company Secretary to con rm that the aggregate number of equity shares of theCompany held in National Securities Depository Limited (NSDL) and Central DepositoryService (India) Limited (CDSL) tally with the total number of issued paid up listed andadmitted capital of the Company.

POSTAL BALLOT:

During FY 2020-2021 no ordinary or special resolutions were passed through postalballot. No special resolution is proposed to be conducted through postal ballot.

EXTRACT OF ANNUAL RETURN:

Pursuant to the provisions of Section 134(3)(a) of the Companies Act 2013 Extract ofthe Annual Return for the financial year ended March 31 2021 made under the provisions ofSection 92(3) of the Act is as "Annexure A" forming part of this report.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTION PROHIBITIONAND REDRESSAL) ACT 2013:

The Company has in place an Anti Harassment Policy in line with the requirements of theSexual Harassment of Women at Work Place (Prevention prohibition and Redressal) Act2013. All employees (permanent contractual temporary and trainees) are covered underpolicy. There was no complaint received from any employee during the financial year 2020-2021 and hence no complaint is outstanding as on 31.03.2021 for redressal.

VIGIL MECHANISM/WHISTLE BLOWER POLICY:

The Company has a Vigil Mechanism which also incorporates a Whistle Blower Policy inline with the provisions of the Companies Act 2013 and the Regulation 22 of the SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 to report genuineconcerns or grievances. The Vigil Mechanism/ Whistle Blower Policy may be accessed on theCompany's website.

(Link:http://www.cmminfra.com/wp-content/uploads/2017/12/Whistle-Blower- Policy.pdf)

POLICY ON DIRECTOR'S APPOINTMENT AND REMUNERATION:

The policy on Directors' Appointment and Remuneration including criteria fordetermining qualifications positive attributes independence of a director and othermatters provided under sub-section (3) of Section 178 of the Companies Act 2013 andunder Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 adopted by the Board is appended as "Annexure B" forming partof this report.

ANNUAL EVALUATION BY THE BOARD:

The evaluation framework for assessing the performance of directors comprises of thefollowing key areas:

i. Attendance of Board Meetings and Board Committee Meetings.

ii. Quality of contribution to Board deliberations.

iii. Strategic perspectives or inputs regarding future growth of company and itsperformance.

iv. Providing perspectives and feedback going beyond the information provided by themanagement.

v. Commitment to shareholder and other stakeholder interests.

The evaluation involves self-evaluation by the Board Member and subsequently assessmentby the Board of directors. A member of the Board will not participate in the discussion ofhis/her evaluation.

CORPORATE GOVERNANCE:

The Listing Regulations (Amended from time to time) has provided exemption underregulation 15(2)(b) from applicability of Corporate Governance provisions as specified inregulations 17 17A 18 19 20 21 22 23 24 24A 25 26 27 and clauses (b) to (i) ofsub- regulation (2) of regulation 46 and para C D and E of Schedule V in respect oflisted entity which has listed its specified securities on the SME Exchange.

Your Company falls under the exemption criteria as laid down under Regulation 15(2) (b)and therefore not required mandatorily to comply with the said regulations.

The Company therefore is not required to make disclosures in Corporate GovernanceReport as specified in Para C of Schedule V to the Listing Regulations.

Hence no Corporate Governance Report is required to be disclosed/attached with AnnualReport. It is important to mention that the Company follows majority of the provisions ofthe Corporate Governance voluntarily.

CODE OF CONDUCT:

Regulation 17(5) of SEBI (LODR) Regulations requires listed companies to lay down aCode of Conduct for its Directors and Senior Management incorporating duties of Directorsas laid down in the Companies Act 2013. The Company has adopted a Code of Conduct for allDirectors and Senior Management of the Company which is applicable with effect from thedate of listing of the Company i.e. 12th October 2017 and same has been hosted on thewebsite of the Company.

IMPACT OF COVID-19

The COVID-19 hit the world hard to say the least and unprecedented lockdowns disruptedeconomies businesses and society in a manner that we have never seen in our lives. Indiawas no exception but our country has managed to atten the COVID-19 curve remarkablybetter than many other economies. This was made possible by the government's timely andconsistent interventions to enforce stringent health and safety guidelines. Additionallythe government's huge stimulus package supported businesses and vulnerable communities.

The Company has adopted various cost-saving measures by rationalizing operating costspersonnel costs and overheads & administration costs. Most of the savings arestrategic in nature and are expected to give long term benefits to the company. It is difcult to predict the business impact due to the unprecedented environment caused by theCoVID-19 pandemic. However the Company expects to achieve normalcy in its operations asthe impact of this pandemic and the state wise lockdowns eases.

AUDITORS THEIR REPORT AND COMMENTS BY THE MANAGEMENT:

STATUTORY AUDITORS-

M/s. SPARK & Associates Chartered Accountants (FRN: 005313C) the StatutoryAuditors of the Company were appointed as the Statutory Auditors of the Company in the13th Annual General Meeting held on 29th September 2018 for a period of ve years i.e.till the conclusion of 18th Annual General Meeting.

The Ministry of Corporate Affairs (MCA) vide its noti cation dated 07th May 2018 hasomitted the requirement under first proviso to Section 139 of the Companies Act 2013 andrule 3(7) of the Companies (Audit & Auditors) Rules 2014 regarding rati cation ofappointment of Statutory Auditors by Shareholders at every subsequent Annual GeneralMeeting.

Further there was no fraud in the Company which was required to report by statutoryauditors of the Company under sub-section (12) of Section 143 of Companies Act 2013.

SECRETARIAL AUDIT-

Pursuant to the provisions of Section 204 of the Companies Act 2013 and rules madethere under the Board has appointed M/s. Archna Maheshwari & Co. Practicing CompanySecretaries to conduct the Secretarial Audit of the Company for the financial year2020-2021. The Secretarial Audit Report for the financial year 2020-2021 in prescribedForm MR-3 is appended hereto as "Annexure C" forming part of this report.

The Secretarial Audit report contains the following qualifications reservations oradverse remarks as follows:

1. The Cost Audit Report for the financial year 2019-20 in prescribed E-form CRA-4 isstill pending for ling.

2. Certain e-forms were delayed led with the Registrar of Companies.

3. In terms of Section 135 of the Companies Act 2013 the Company has unspent amountof INR 1404700/- of Corporate Social Responsibility for the Financial Year under review.

4. Statement of Shareholders Complaints as per Regulation 13(3) of Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations2015 for the quarter ended on 30th June 2020 was submitted after due date i.e. on 31stJuly 2020. In respect of the same the National Stock Exchange (NSE) has imposed a ne ofINR 11800.00 on the Company for the delay; however the same has been paid by the Company.

5. The Share Reconciliation Audit Reports as per Regulation 76 of the SEBI(Depositories and Participants) Regulations 2018 for the Quarter ended on 30th June 2020and 31st December 2020 were led to the NSE with a delay of 13 days and 24 daysrespectively.

6. The Company has not paid annual listing fees to NSE for the financial year 2020-21within due date i.e. 30.06.2020 as per Regulation 14 of SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015.

Managements' Reply:

1. The management will try to le the pending cost audit report with the Registrar ofthe Company as soon as possible. The management further make sure to comply with theprovisions related to Cost Audit with the time line in future.

2. Due to extra ordinary situation crated by Covid-19 Company was unable to le thee-forms with Registrar on time in-spite of this company has led the forms by payingadditional fees to ROC.

3. The Company is in the identi cation of Suitable projects for spending the unspentamount. The management will comply with the provisions at the earliest.

4. The Company has paid the ne of Rs. 11800/- to the NSE for non compliance ofRegulation 13(3).

5. Due to non availability of data the reports have been led after the due date.

6. The Company has paid the annual listing fees for the financial year 2020-21 on 3rdof November 2021.

INTERNAL AUDITOR:

In terms of Section 138 of the Companies Act 2013 and Rules made there under M/s.BDMV & CO. Chartered Accountant were the Internal Auditor of the Company as on 31stMarch 2021. During the year the Company continued to implement its suggestions andrecommendations to improve the control environment. Their scope of work included reviewof processes for safeguarding the assets of the Company review of operational ef ciencyeffectiveness of systems and processes and assessing the internal control strengths inall areas.

COST AUDITOR:

The Board of Directors has appointed M/s. Sudeep Saxena & Associates CostAccountant in Practice as Cost Auditors (Firm Registration No.: 100980) to undertake auditof the cost accounting records of the Company for the financial year 2021-2022. Aresolution regarding ratification of the remuneration to M/s. Sudeep Saxena &Associates forms part of the Notice convening the 16th Annual General Meeting of theCompany.

PARTICULARS OF THE EMPLOYEES AND RELATED DISCLOSURES:

None of the employee has received remuneration exceeding the limit as stated in rule5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014.Disclosure pertaining to remuneration and other details as required under Section 197(12)of the Companies Act 2013 read with rule 5(1) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 are given in the "Annexure D"forming part of this report.

DISCLOSURE PURSUANT TO SECTION 134(3)(m) OF THE COMPANIES ACT 2013 READ WITH RULE 8 OFTHE COMPANIES (ACCOUNTS) RULES 2014:

Conservation of Energy Technology Absorption and Foreign Exchange Earnings and Outgo

The particulars as required under the provisions of Section 134(3)(m) of the CompaniesAct 2013 read with Rule 8 of the Companies (Accounts) Rules 2014 in respect ofconservation of energy and technology absorption and foreign exchange earnings and outgoduring the year under review are as below:

Conservation of Energy

(i) the steps taken or impact on conservation of energy : N.A.

(ii) the steps taken by the company for utilising alternate sources of energy : N.A.

(iii) the capital investment on energy conservation equipments : N.A.

Technology Absorption

(i) the efforts made towards technology absorption : N.A.

(ii) the benefits derived like product improvement cost reduction product developmentor import substitution : N.A.

(iii) in case of imported technology (imported during the last three years reckonedfrom the beginning of the financial year) : N.A.

(a) the details of technology imported;

(b) the year of import;

(c) whether the technology been fully absorbed;

(d) if not fully absorbed areas where absorption has not taken place and the reasonsthereof;

(iv) the expenditure incurred on Research and Development : N.A.

Foreign Exchange Earning & Outgo

1. Activities relation to export; initiative taken to increase export development of new export markets NIL
for products and service and export plan
2. Total foreign exchange earned N.A.
3. Total foreign exchange used N.A.

NON APPLICABILITY OF THE INDIAN ACCOUNTING STANDARDS (IND-AS)

As per proviso to regulation Rule 4(1) of the Companies (Indian Accounting Standards)Rules 2015 notified vide Noti cation No. G.S.R.111(E) on 16th Feb. 2015 Companies whoseshares are listed on SME exchange as referred to in Chapter XB of SEBI (Issue of Capitaland Disclosure Requirements) Regulations 2009 are exempted from the compulsoryrequirement of adoption of IND-AS w.e.f. 1st April 2017. As your Company is also listedon SME (EMERGE) Platform of NSE Limited is covered under the exempted category and is notrequired to comply with IND-AS for preparation of Financial Statements beginning withperiod on or after 1st April 2017.

CORPORATE SOCIAL RESPONSIBILITY:

The provisions of CSR are not applicable on the Company for the Financial Year2020-2021 taking into account the nancials of immediate preceding Financial Yeari.e.2019-20. The Company does not fall in any of the limits as prescribed under Section135 of Companies Act 2013 amended by the Companies (Amendment) Act 2017 which come intoeffect from 19.09.2018.

The Annual Report on CSR activities is annexed herewith as and the "AnnexureE".

MATERIAL CHANGES AND COMMITMENTS BETWEEN THE DATE OF THE BOARD REPORT AND END OFFINANCIAL YEAR:

No material changes or commitments affecting the financial position of the Companyhave occurred between the end of the financial year of the Company to which the financialstatements relate i.e. 31st March 2021 and the date of the Board's Report.

OTHER DISCLOSURE:

Your Directors state that no disclosure or reporting is required in respect of thefollowing items as there were no transactions on these items during the year under review:

The Company has not issued any equity shares with differential rights as to dividendvoting or otherwise.

The Company has not issued any sweat equity shares during the year under review andhence no information as per provisions of Rule 8(13) of the Companies (Share Capital andDebenture) Rules 2014 is furnished.

The Hon'ble National Company Law Tribunal (NCLT) Indore Bench at Ahmedabad vide itsorder dated 13th November 2020 had ordered the disposal of the case and in consonancewith the stipulation contained in Section 14 of the Code a moratorium under Section13(1)(a) of the Insolvency and Bankruptcy Code will also not applicable from the date oforder i.e. 13th November 2020..

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.

CAUTIONARY STATEMENT:

The statement made in this Report and Management Discussion and Analysis Reportrelating to the Company's objectives projections outlook expectations and others may be"forward looking statements" within the meaning of applicable laws andregulations. Actual results may differ from expectations those expressed or implied.

Some factors could make difference to the Company's operations that may be due tochange in government policies global market conditions foreign exchange fluctuationsnatural disasters etc.

ACKNOWLEDGMENTS AND APPRECIATION:

Your Directors would like to express their sincere appreciation for the assistance andco- operation received from the Financial Institutions Banks Government AuthoritiesCustomers Vendors business associates and Members during the year under review. TheDirectors regret the loss of life due to COVID-19 pandemic and are deeply grateful andhave immense respect for every person who risked their life and safety to ght thispandemic. Your Directors wish to place on record their sincere appreciation for thededicated efforts and consistent contribution made by the employees at all levels toensure that the Company continues to grow and excel.

By Order of the Board of Directors
For CMM Infraprojects Limited
Kishan Mundra
Chairman & Managing Director
DIN: 00030739
Indore 04 September 2021

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