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Constronics Infra Ltd.

BSE: 523844 Sector: Health care
NSE: N.A. ISIN Code: INE537B01011
BSE 00:00 | 06 Dec 6.38 0
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NSE 05:30 | 01 Jan Constronics Infra Ltd
OPEN 6.68
PREVIOUS CLOSE 6.38
VOLUME 200
52-Week high 9.63
52-Week low 4.50
P/E 24.54
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.68
CLOSE 6.38
VOLUME 200
52-Week high 9.63
52-Week low 4.50
P/E 24.54
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Constronics Infra Ltd. (CONSTRONICS) - Director Report

Company director report

TO THE MEMBERS

Your Directors take pleasure in presenting the Twenty Ninth Annual Report and that ofthe Auditors' together with the audited Balance Sheet as at 31st March 2021 andthe Profit/ Loss Account for the year ended on that date.

FINANCIAL HIGHLIGHTS:

(Amount in Lakhs)

Particulars 2020-2021 2019-2020
Sales and Operating Revenues 152.64 188.30
Other Income 0.64 0.05
Total Revenue 153.29 188.35
Profit /(Loss) before Tax (7.78) 9.32
Less: Tax Expenses
1. Current Tax - 1.72
2. MAT credit - (1.72)
Profit /(Loss) after Tax (7.78) 9.32

OPERATIONAL OVERVIEW:

During the year the Company has engaged in the business of trading in Construction andBuilding Materials such as Blue Metals M-Sand Crushed Stone and other allied products.the Company has achieved total operating revenue of Rs. 153.29 Lakhs against Rs.188.35Lakhs in previous year which records a decline in growth rate of 18.61%. The companyrecords a net loss of Rs. 7.78 Lakhs against a net profit of Rs. 9.32 Lakhs in previousyear. The Board of Directors believes that the company will recover from the losses andhope to achieve profit in upcoming years.

EXTENSION OF AGM:

DIVIDEND:

Due to accumulated losses the Directors do not recommend any dividend for the year2020-21.

RESERVES:

The Company has not transferred any amount to the General reserve account.

SHARE CAPITAL:

The Company during the year under review has not issued any Sweat Equity Shares orShares with Differential Rights or under Employee Stock Option Scheme nor did it Buy Backany shares. The Authorised Capital and the Paid-Up Capital remained the same as previousyear.

STATE OF COMPANY'S AFFAIR & CHANGE IN THE NATURE OF BUSINESS:

During previous year the Company has commenced the business of trading in Constructionand Building Materials. And there was no change in the nature of business of the companyduring the financial year 2020-21.

SUBSIDIARIES JOINT VENTURE AND ASSOCIATE COMPANIES & PERFORMANCE THEREOF:

Your Company does not have any subsidiary joint venture associate company as at March31 2021.

DEPOSITS:

The Company has not accepted any deposits during the period under review as envisagedunder Section 73 74 & 76 of the Companies Act 2013

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

The Company has not received any significant and material orders passed by theregulators or courts or tribunals impacting the going concern status and Company'soperation in future.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY:

The impact of COVID 19 started coming down during October 2020 and the entire industrywas seemingly coming back to near normalcy. The second wave of COVID 19 started in variousstages from March 2021 and has started impacting operations with State Governmentsdeclaring lockdowns.

Many of our customers suspended their operations due to government orders supply chaindisturbances and consideration for employee welfare. Some of the manufacturing operationsof the Company were suspended from May 25 2021 and will resume based on permittingconditions. This will have a major impact on the revenue and profitability of the Companyduring the current year.

Other than the above there have been no material changes and commitments which affectthe financial position of the Company since the end of the year and till the date ofReport.

CORPORATE GOVERNANCE:

Regulation (15) of SEBI (Listing Obligations and Disclosure Requirements) Regulation2015 does not apply to our Company as our company's Equity capital and Net worth is belowthe Threshold limit prescribed under the said regulation and hence the report on CorporateGovernance is not provided.

DIRECTORS & KEY MANAGERIAL PERSONNEL:

As per the provisions of section 152 of the Companies Act 2013 Mr. R. Sundararaghavan(DIN: 01197824) Managing Director of the company retires by rotation at this annualgeneral meeting. Being eligible He offers himself for re-appointment. Your Directorsrecommend his re-appointment.

Mr. K. Chandraprakash Director of the Company has resigned from the Board of Directorswith effect from 03.07.2020.

Mr. P. Muthukumar an associate member of Institute of Company Secretaries of Indiahas been appointed as c ompany secretary and c ompliance officer of the company witheffect from 03.07.2020 and Mr. A. Vinodkumar has been appointed as Chief FinancialOfficer on 30.07.2020 were resigned from his position of CFO with effect from 22.09.2020and Mr. P. Muthukumar Company Secretary of the Company was appointed as CFO of thecompany in addition to his existing position of the company.

On 30.07.2020 Mr. U. Kapilkumar (DIN: 08791250) and Mr. R. Purushothaman (DIN:08791300) has been appointed as Additional Directors designated as Non-ExecutiveIndependent Directors of the Company and at the 28th AGM shareholders giventheir consent to regularize of their appointment as Non-Executive Independent Director ofthe Company.

BOARD MEETINGS:

During the year under review the Board of Directors met 6 times on 03.07.202030.07.2020 22.09.2020 11.11.2020 09.02.2021 and 31.03.2021. Detailed disclosure oncompositions and the details of meetings attended by the Directors are as follows:

No. of Directorship & Committee Membership in other Public Companies
Name of the Director No. of Board Meetings Attended Directorship Committee Membership
Mr. R. Sundararaghavan 5 Nil Nil
Mr. K. Sureshkumaar 6 Nil Nil
Mr. K. Chandraprakash# 1 Nil Nil
Mrs. T. Sharmila 6 Nil Nil
Mr. K. Muthukumarasamy ## 2 Nil Nil
Mr. U. Kapilkumar * 4 Nil Nil
Mr. R. Purushothaman * 4 Nil Nil

* Appointed w.e.f. 30.07.2020 # Resigned w.e.f. 03.07.2020

## Resgined w.e.f. 30.07.2020

The gap between two Board meetings were not more than 120 days.

COMMITTEES OF THE BOARD:

a) Audit Committee

Pursuant to provisions of Section 177 of the Companies Act 2013 the terms ofreference of Audit Committee of the Board were revised in accordance with terms ofreference prescribed therein.

During the year the Audit Committee was reconstituted and the present composition ofthe Committee are as follows:

Name of the Member Designation Category
Mr. U. Kapilkumar Non-Executive Independent Director Chairman
Mr. R. Purushothaman Non-Executive Independent Director Member
Mr. R. Sundararaghavan Managing Director Member

During the financial year ended 31st March 2021 Audit Committee Meetings were met fourtimes on 30.07.2020 11.11.2020 09.02.2021 and 31.03.2021. Detailed disclosure oncompositions and the details of meetings attended by the Members are as follows:

No. of Meetings
Name of Member Category Held Attended
Mr. K Chandraprakash# Chairman - -
Mr. R Sundararaghavan Member 4 4
Mrs. T. Sharmila * Member 1 1
Mr. U. Kapilkumar ** Chairman 3 3
Mr. R. Purushothaman ** Member 3 3
* Appointed w.e.f. 07.01.2020 ** Appointed w.e.f. 30.07.2020
# Resigned w.e.f 03.07.2020

b) Nomination and Remuneration Committee

The Nomination and Remuneration Committee has been empowered and authorized to exercisepowers as entrusted under the provisions of Section 178 of the Companies Act 2013. Incompliance with Section 178 of the Companies Act 2013 the Board has framed a policy forselection and appointment of Directors Senior Management and their remuneration andincluding criteria for determining qualifications positive attributes independence ofDirectors and other matters.

On 30th July 2020 the Nomination and Remuneration Committee wasreconstituted and the present composition of the Committee are as follows:

Name of the Member Designation Category
Mr. U. Kapilkumar Non-Executive Independent Director Chairman
Mr. R. Purushothaman Non-Executive Independent Director Member
Mrs. T. Sharmila Non-Executive Director Member

During the financial year ended 31st March 2021 Nomination and Remuneration CommitteeMeetings were met three times on 09.07.2020 30.07.2020 and 22.09.2020. Detaileddisclosure on compositions and the details of meetings attended by the Members are asfollows:

No. of Meetings
Name of Member Category Held Attended
Mr. K. Chandraprakash# Member - -
Mr. K. Muthukumarasamy ## Chairman 2 2
Mrs. T. Sharmila Member 3 3
Mr. U. Kapilkumar* Chairman 1 1
Mr. R. Purushothaman* Member 1 1

* Appointed w.e.f. 30.07.2020 ## Resigned w.e.f. 07.01.2020

# Resigned w.e.f 30.07.2020

The Board on the recommendation of the Nomination and Remuneration Committee hadframed a policy for fixing and revising remuneration of Directors key managerialpersonnel and senior management personnel of the company. The criteria for determiningqualifications positive attributes and independence of Directors and the Nomination andRemuneration policy of the Company has been attached as “Annexure A” with thisreport.

c) Stake Holders Relationship Committee:

The Committee is to look after transfer of shares and the investor's complaints ifany and to redress the same expeditiously. On 30th July 2020 theStakeholders Relationship Committee was reconstituted and the present composition of theCommittee are as follows:

Name Designation Category
Mr. U. Kapilkumar Non-Executive Independent Director Chairman
Mr. R. Purushothaman Non-Executive Independent Director Member
Mr. R. Sundararaghavan Managing Director Member

During the financial year ended 31st March 2021 Nomination and Remuneration Committeewas met one time on 30.07.2020

Detailed disclosure on compositions and the details of meetings attended by the Membersare as follows:

No. of Meetings
Name Category Held Attended
Mr. U. Kapilkumar Chairman 1 1
Mr. R. Purushothaman Member 1 1
Mr. R. Sundararaghavan Member 1 1

No Complaints of any material nature were received during the year under review.

AUDITORS:

M/s Chandran & Raman Chartered Accountants Chennai (Firm RegistrationNo.:000571S) vide their letter dated 12th August 2021 have resigned from the position ofStatutory Auditors of the Company with effect from ensuing Annual General Meetingresulting into a casual vacancy in the office of Statutory Auditors of the Company asenvisaged by section 139(8) of the Companies Act 2013.

The Board of Directors at its meeting held on 13th August 2021 as per therecommendation of the Audit Committee and pursuant to the provisions of Section 139(8) ofthe Companies Act 2013 have appointed SRSV & Associates Charted AccountantsChennai (Firm Registration Number: 015041S) as Statutory Auditor of the Company to fillthe casual vacancy caused by the resignation of M/s Chandran & Raman CharteredAccountants Chennai (Firm Registration No.:000571S) to hold office of Statutory Auditorsof the Company from the conclusion of this meeting until the conclusion of the ensuring34th Annual General Meeting for a term of 5 years.

The Company has also received consent and eligibility certificate under Section 141 ofthe Companies Act 2013 and rules framed thereunder from SRSV & Associates ChartedAccountants Chennai (Firm Registration Number: 015041S) to act as Statutory Auditors ofthe Company along with a confirmation that their appointment if made would be withinthe limits prescribed under the Companies Act 2013.

Comments on Auditors' Report:

Reply to the qualifications made in Auditor's report:

1. Qualification: Amount shown under Non-Current Financial Assets in the Balance Sheetincludes an amount of Rs.6904171/- (Amount Sanctioned during the year Rs. Nil) beingOutstanding of amount of Loan given to one of the Former directors without obtaining priorapproval of Central Government as required under section 185 of the Companies Act 2013. Noprovision for the said amount due has been made in the accounts. In our opinion the saidamount of Rs.6904171/- needs to be fully provided for since the amount is outstandingfor more than five years and the company could recover only a sum of Rs 150000/- duringthe current Financial Year towards the said dues. Had the company made provision for thesaid sum of Rs.6904171/- the results of the operations of the company for the currentfinancial year would have resulted in a loss of Rs.7682474/- and the amount under loansunder non-current assets would be lower by Rs.6904171/-.

Board's Reply: The Loan granted by the Company to its Director belongs to period priorto April 2014. The Board of Directors is taking necessary steps to comply with theprovisions of the Act. The Company has initiated necessary steps to recover the amountfrom the Former Director and hence the provision has not been made for the currentfinancial.

2. Qualification: The Company has not complied with the mandatory requirement undersection 138 of the Companies Act 2013 regarding the appointment of Internal Auditors.

Board's Reply: The Board has appointed Ms. P.L. Muthu Meenakshi as In-house InternalAuditor with effect from 31st March 2021.

Instances of fraud

The Auditors have not reported any frauds under sub-section (12) of section 143 of theCompanies Act 2013 during the year under review.

SECRETARIAL AUDIT

Pursuant to provisions of Section 204 of the Companies Act 2013 read with Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 your Company hasappointed Shri. Balu Sridhar Practicing Company Secretary as secretarial auditor toconduct the Secretarial Audit of the Company for the financial year ended March 31 2021.Dring the course of audit the Secretarial Auditor and his team came into Covid contact andwas hospitalized/quarantined for more than two months. Further the Secretarial Auditorexpressed his inability to complete the audit on time for the Financial Year 2020-21 andalso informed the Board to appoint another Secretarial Auditor to perform secretarialaudit for Financial Year 2020-21. Further the Board of Directors held at their meeting on27th October 2021 appoint Mr. S.S. Vignesh Practicing Company SecretaryMadurai as secretarial auditor to conduct the Secretarial Audit of the Company for thefinancial year ended March 31 2021.

The Secretarial Audit Report attached as “Annexure B” with this report.

Reply to the qualifications made in Secretarial Auditor's report:

1. Qualification: The composition of the Board of Directors did not comply with therequirements to have requisite numbers of Independent Directors as prescribed underSection 149 of the Companies Act 2013 and Regulation 17 of Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations 2015 for period upto 30.07.2020 and complied on 30.07.2020.

Board's Reply: The Board of Directors has appointed requisite numbers of IndependentDirectors as prescribed under Section 149 of the Companies Act 2013 and Regulation 17 ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015.

2. Qualification: The composition of the Audit Committee does not comply with therequirement of requisite numbers of Independent Directors as prescribed under Section 177of the Companies Act 2013 for period up to 30.07.2020 and complied on 30.07.2020.

Board's Reply: The Audit Committee of the Board of Directors has been reconstituted on30th July 2020 with requisite numbers of Independent Directors as prescribedunder Section 177 of the Companies Act 2013.

3. Qualification: The composition of the Nomination and Remuneration Committee does notcomply with the requirement of requisite numbers of Independent Directors as prescribedunder Section 178 of the Companies Act 2013 for period up to 30.07.2020 and complied on30.07.2020.

Board's Reply: The Nomination and Remuneration Committee of the Board of Directors hasbeen reconstituted on 30th July 2020 with requisite numbers of Independent Directors asprescribed under Section 178 of the Companies Act 2013.

4. Qualification: The Company has granted loan to Mr. Sathish Kumar Former Director ofthe Company during earlier period without obtaining prior approval from Central Governmentwhich is not in compliance with Section 295 of the Companies Act 1956 (Section 185 ofCompanies Act 2013). The outstanding loan amount as on 31.03.2021 is Rs. 6904171/-.

Board's Reply: The Loan granted by the Company to its Director belongs to period priorto April 2014. The Board of Directors is taking necessary steps to comply with theprovisions of the Act. The Company has initiated necessary steps to recover the amountfrom the Former Director.

5. Qualification: The Company has not transferred Rs.56618/- received towardspreferential allotment to the Investor Education and Protection Fund.

Board's Reply: The Directors are taking necessary steps to transfer the required amountto the Investor Education and Protection Fund.

EXTRACTS OF THE ANNUAL RETURN:

As per the requirements of Section 92(3) and Rule 12(1) of the Companies (Managementand Administration) Rules 2014 (as amended) the copy of the Annual Return in theprescribed Form MGT-7 for the financial year ended March 31 2021 is placed on thecompany's website www.constronicsinfra.com.

RELATED PARTY TRANSACTIONS:

During the year under review the Company has not entered into any contracts orarrangements with related parties referred to in Section 188(1) of the Companies Act2013. Hence the reporting under this clause does not arise.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS AND OUTGO:

The Company is taking utmost care of the Conservation of Energy. The Company has noactivity in relation to Technology absorption. The company has no foreign exchange outgoor inflow.

MANAGEMENT DISCUSSION & ANALYSIS:

a) GLOBAL & INDIAN ECONOMIC OVERVIEW:

The global economy is set to expand 5.6 percent in 2021 its strongest post-recessionpace in 80 years. This recovery is uneven and largely reflects sharp rebounds in somemajor economies. In many emerging market and developing economies (EMDEs) obstacles tovaccination continue to weigh on activity. By 2022 last year's per capita income losseswill not be fully unwound in about two-thirds of EMDEs. The global outlook remains subjectto significant downside risks including the possibility of additional COVID-19 waves andfinancial stress amid high EMDE debt levels.

The Indian economy was negatively impacted by an unprecedented health crisis in 2020-21with the highly contagious corona virus (Covid-19) spreading across the country. Inresponse to the pandemic Government has taken several proactive preventives andmitigating measures starting with progressive tightening of international travel issue ofadvisories for the members of the public setting up quarantine facilities contacttracing of persons infected by the virus and various social distancing measures.Government imposed a strict 21 days nationwide lockdown from 25th March 2020 under theDisaster Management Act 2005 with subsequent extensions and relaxations to contain thespread of Covid-19 while ramping up the health infrastructure in the country. The lockdownmeasures imposed to contain the spread of Covid-19 pandemic in India ubiquitouslyaffected employment business trade manufacturing and services activities. The realGross Domestic Product (GDP) growth is projected to contract by 7.7 percent in 2020-21 ascompared to a growth of 4.2 percent in 2019-20. GDP growth however is expected torebound strongly in 2021-22 owing to the reform measures undertaken by the Government.

b) INDUSRTY OVERVIEW & OUTLOOK:

The infrastructure industry is witnessing a major shift with technology drivingdisruption. Macroeconomic fluctuations and COVID-19 related interruptions are pushing theindustry towards leaner cost structures and balance sheet size. Considering the changingscenario agile players are consolidating their position by realigning with the newnormal. The initial roadblocks created by the lockdowns gave way to rapid development andmomentum in the infrastructure sector across segments such as railways roads metrosrefineries water buildings and high-speed rail. Given the impact of infrastructureinvestment on capital productivity as well as its multiplier effect on other sectors manycountries including India focused on stimulus that was driven by infrastructureinvestment. The government of India has sought to accelerate capital investment in theeconomy through far-reaching production linked incentive plans envisaging an investment of2.5 lakh crore to enhance local manufacturing and the country's export base. This is inaddition to the National Infrastructure Pipeline (NIP) of 132 lakh crore over the next 5to 6 years to ensure growth in the infrastructure sector.

c) STRENGTH THREATS RISKS AND CONCERNS:

Robust demand from commercial and private sector housing Increased governmentalinvestment in national infrastructure are key strengths for the Company's growth. Withincreased trend of investing with tier 1 and 2 developers there could be downwardpressure on other small-time developers. Labour cost inflation lockdowns due toCOVID-19 has also been major concern for the growth of Company.

d) INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

Your Company has in place adequate internal control systems and procedurescommensurate with the size and nature of our business. These procedures are designed toensure that i) An effective and adequate internal control environment is maintained acrossthe Company. ii) All assets and resources are acquired economically used efficiently andare adequately protected. iii) All internal policies and statutory guidelines are compliedwith.

PARTICULARS OF EMPLOYEES:

None of the employees draws remuneration in excess of the prescribed limits during thefinancial year 2020-2021. Hence details of the employees of the Company as requiredpursuant to the provisions of section 5(2) of the Companies (Appointment and Remunerationof Managerial Personnel) Rules 2014 is not furnished.

Particulars pursuant to Rule 5 of Companies (Appointment and Remuneration of Managerialpersonal) Rules 2014 is attached as “Annexure C” to this report.

MAINTENANCE OF COST RECORDS:

The Central Government has not prescribed the maintenance of Cost Records under Section148(1) of the Companies Act 2013 for the Company

ANNUAL EVALUATION BY THE BOARD:

The evaluation framework for assessing the performance of Directors comprises of thefollowing key areas: a) Attendance of Board Meetings and Board Committee Meetings; b)Quality of contribution to Board deliberations; c) Strategic perspectives or inputsregarding future growth of Company and its performance; d) Providing perspectives andfeedback going beyond information provided by the management; e) Commitment to shareholderand other stakeholder interests.

Pursuant to the provisions of the Companies Act 2013 Independent Directors at theirmeeting without the participation of the Non-independent Directors and Managementconsidered/evaluated the Boards' performance performance of the Chairman and otherNon-independent Directors.

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.

RISK MANAGEMENT POLICY AND INTERNAL FINANCIAL CONTROL:

The Company has in place a mechanism to identify assess monitor and mitigate variousrisks to key business objectives. Major risks identified by the businesses and functionsare systematically addressed through mitigating actions on a continuing basis. These arediscussed at the meetings of the Audit Committee and the Board of Directors of theCompany. The Audit Committee has also revisited the Risk Management Policy and has takensteps to strengthen the Risk Management process in keeping with the changes in theexternal environment and business needs. In addition to the Internal Control Systems theBoard has laid emphasis on adequate Internal Financial Controls to ensure that thefinancial affairs of the Company are carried out with due diligence.

LISTING WITH STOCK EXCHANGE

The Company's equity shares are listed in Bombay Stock Exchange. The Company has paidthe Listing Fees upto the Financial year 2020-21.

CORPORATE SOCIAL RESPONSIBILITY (CSR):

The provisions of Section 135 of the Companies Act 2013 pertaining to Corporate SocialResponsibility are not applicable to the Company.

VIGIL MECHANISM:

The company has adopted a whistle blower policy to provide a formal mechanism to theemployees to report their concerns about unethical behavior actual or suspected fraud orviolation of the company's code of Conduct or ethics policy. The policy provides foradequate safeguards against victimization of employees who avail the mechanism and alsoprovides for direct access to the chairman of the audit committee. It is affirmed that nopersonnel of the company has been denied access to the audit committee.

Your company hereby affirms that no complaints were received during the year underreview.

DIRECTORS' RESPONSIBILITY STATEMENT:

To the best of their knowledge belief and according to the information andexplanations obtained by them the Directors pursuant to Section 134 of the Companies Act2013 hereby state that:

1) in the preparation of the annual accounts the applicable accounting standards havebeen followed and no material departures have been made for the same.

2) the directors had selected appropriate accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company as at 31st March 2021 andof the Loss of the Company for the year ended 31st March 2021.

3) the directors had taken proper and sufficient care for 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

4) the annual accounts have been prepared on a going concern basis.

5) the directors had laid down proper and sufficient internal financial controlspolicies and procedures of such internal financial controls are adequate and operatingeffectively.

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

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROBHITIONAND REDRESSAL) ACT 2013:

During the year under review no complaints have been received under The SexualHarassment of Women at Workplace (Prevention Prohibition and Redressal) Act 2013.

INVESTOR EDUCATION AND PROTECTION FUND:

An amount of Rs.56618/- pending preferential allotment is required to be transferredto the Investor Education And Protection Fund

ACKNOWLEDGEMENT:

Your Directors take this opportunity to express their thanks to the ShareholdersCustomers Suppliers Banks and Government for their valuable assistance and support.

Your Directors wish to place on record their appreciation of the sincere efforts put inby the employees of the Company at all levels.

On Behalf of the Board

For CONSTRONICS INFRA LIMITED

Sd/- Sd/-
K. Sureshkumaar R.Sundararaghavan
Place: Chennai Executive Director Managing Director
Date: 27.10.2021 DIN: 08547720 DIN: 01197824

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