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Diggi Multitrade Ltd.

BSE: 540811 Sector: Infrastructure
NSE: N.A. ISIN Code: INE158R01012
BSE 00:00 | 18 Aug 13.50 -0.50
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NSE 05:30 | 01 Jan Diggi Multitrade Ltd
OPEN 14.00
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VOLUME 20000
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P/E 337.50
Mkt Cap.(Rs cr) 13
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OPEN 14.00
CLOSE 14.00
VOLUME 20000
52-Week high 21.40
52-Week low 10.60
P/E 337.50
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Diggi Multitrade Ltd. (DIGGIMULTITRADE) - Director Report

Company director report

To

The Members

Diggi Multitrade Limited Mumbai

Your Directors have pleasure in presenting their 11th Annual Report of the Companytogether with the Audited Statements of Accounts for the Financial Year ended 31st March2021.

1. FINANCIAL SUMMARY

The Company's financial performance for the year ended March 31 2021 is summarizedbelow:

The Board's Report is prepared based on the standalone financial statements of thecompany.

Amount in Rs.

Particulars For the year ended 31st March 2021 For the year ended 31st March 2020
Income from Operations 1050000 7148000
Other Income 1892790 1741862
TOTAL INCOME 2942790 8889862
Profit and (Loss) before Depreciation and Tax 513215 (446185)
Less: Depreciation - 242
PROFIT BEFORE TAX 513215 (446427)
Less: Provision for Tax
- Current Tax 17000 0.00
- Deferred Tax 1130 755
- Excess provision of earlier year written back - (201980)
- Adjustment of MAT
PROFIT AND (LOSS) AFTER TAX 495085 (245202)
Transferred to General Reserve
Surplus in the Statement of P & L Account 495085 (245202)

2. RESULT HIGHLIGHTS

The company continues to be engaged in the business of trading of real estateproperties and building materials in Mumbai and there has not been substantial change inthe nature of business of your Company.

Revenue from operations for the year under reference has shown a decrease of Rs.6098000/- Vis- avis the preceding financial year.

The bottom line has also shown considerable Profit for the year (before tax) shown Rs.(513215)/- as compared to last year loss of Rs. (446427)/-. Further there are nosignificant and material events impacting the going concern status and Company'soperations in future.

3. DIVIDEND

Your Directors are constrained not to recommend any dividend for the year under report.

4. TRANSFER TO RESERVE

Your Directors find it prudent not to transfer any amount to general reserve.

5. CHANGE IN SHARE CAPITAL

The paid up equity share capital of the Company as on 31st March 2021 is 96775000divided into 9677500 shares of Rs. 10/- each. During the year company has not raised newcapital hence there is no change in the share capital of the company during the year.

6. MAJOR EVENTS DURING THE F.Y.2020-21

There was no major event in the company during the financial year to disclose hereexcept the change in KMP (Company Secretary) if any which is disclose in the point no. 8along with the details of present Board and KMP.

7. EXTRACT OF ANNUAL RETURN

The Extract of Annual Return as provided under Section 92(3) of the Companies Act 2013and as prescribed in Form No. MGT- 9 of the Companies (Management and Administration)Rules 2014 is appended as ANNEXURE I to this Report.

8. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board is properly constituted as per the provisions of the Companies Act 2013. TheBoard at present comprises of:

Sr. No. Name Designation
1. Anilkumar Pannalal Patni Managing Director
2. Varun Dhandh Exe. Director cum CFO(KMP)
3. Satyaprakash Harinath Singh Independent Director
4. Jitendrakumar Hardeo Sharma Independent Director
5. Priya Dilipbhai Shah Independent Director
6. Radhika Karwa# Company Secretary and Compliance Officer (Appointed w.e.f. 02nd September 2020)

#Radhika Karwa Company Secretary Appointed as Company Secretary cum Compliance Officerof the Company with effect from 02nd September 2020.

9. NUMBER OF BOARD MEETINGS

During the year under reference 5 (Five) Board meetings were dated 26/06/202002/09/2020 12/11/2020 and 30/11/2020 15/03/2021 properly convened & held.

10. ANNUAL EVALUATION OF PERFORMANCE OF THE BOARD

Pursuant to the provisions of the Companies Act 2013 the Board has carried out anannual evaluation of its own performance the directors individually as well as theevaluation of the working of its Committees. The Company has devised a questionnaire toevaluate the performances of each of Executive and Independent Directors. Such questionsare prepared considering the business of the Company and the expectations that the Boardhave from each of the Directors. The evaluation framework for assessing the performance ofDirectors comprises of the following key areas:

i. Attendance of Board Meetings and Committee Meetings;

ii. Quality of contribution to Board Deliberations;

iii. Strategic perspectives or inputs regarding future growth of the Company and itsperformance;

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

11. REMUNERATION AND NOMINATION POLICY

The Board has framed a policy for selection and appointment of Directors SeniorManagement and their remuneration. The details of this Policy are given in ANNEXURE II tothis Report.

12. COMMITTEES OF THE BOARD:

There are currently three Committees of the Board as follows:

I. Audit Committee

II. Stakeholders' Relationship Committee

III. Nomination and Remuneration Committee

I. AUDIT COMMITTEE:

Committee Constitution is as follows:

Name of the Director Designation Nature of Directorship
1. Satyaprakash Singh Chairman Independent Director
2. Jitendra Sharma Member Independent Director
3. Varun Dhandh Member Executive Director

Company Secretary and Compliance Officer of our Company would act as the Secretary tothe Audit Committee.

Note:

#Radhika Karwa Company Secretary Appointed as Company Secretary cum Compliance Officerof the Company with effect from 02nd September 2020.

During the year under reference 4 (Four) Audit Committee meetings were dated26/06/2020 02/09/2020 12/11/2020 and 30/11/2020 properly convened & held.

Terms & Scope of Work of Committee:

1. Oversight of the Issuer's financial reporting process and disclosure of itsfinancial information to ensure that the financial statement is correct sufficient andcredible;

2. Recommending to the Board the appointment re-appointment replacementremuneration and terms of appointment of the statutory auditors and fixation of audit fee;

3. Approval of payments to the statutory auditors for any other services rendered bystatutory auditors;

4. Reviewing with the management the annual financial statements and auditor's reportthereon before submission to the board for approval with particular reference to:

a. Matters required to be stated in the Director's Responsibility Statement to beincluded in the

Board's report in terms of clause(c)of sub-section 3 of Section 134 of the CompaniesAct 2013;

b. Changes if any in accounting policies and practices and reasons for the same;

c. Major accounting entries involving estimates based on the exercise of judgment bymanagement;

d. Significant adjustments made in the financial statements arising out of auditfindings;

e. Compliance with listing and other legal requirements relating to financialstatements;

f. Disclosure of any related party transactions; and

g. Qualifications and Modified opinions in the draft audit report.

5. Reviewing with the management the half yearly financial statements beforesubmission to the board for approval;

6. Reviewing with the management the statement of uses / application of funds raisedthrough an issue (public issue rights issue preferential issue etc.) the statement offunds utilized for purposes other than those stated in the offerdocument/prospectus/notice and the report submitted by the monitoring agency monitoringthe utilization of proceeds of a public or rights issue and making appropriaterecommendations to the Board to take up steps in this matter;

7. Review and monitor the auditor's independence and performance and effectiveness ofaudit process;

8. Approval or any subsequent modification of transactions of the company with relatedparties;

9. Scrutiny of inter-corporate loans and investments;

10. Valuation of undertakings or assets of the company wherever it is necessary;

11. Evaluation of internal financial controls and risk management systems;

12. Reviewingwiththemanagementtheperformanceofstatutoryandinternalauditorsandadequacy of the internal control systems;

Reviewing the adequacy of internal audit function if any including the structure ofthe internal audit department staffing and seniority of the official heading thedepartment reporting structure coverage and frequency of internal audit;

13. Discussion with internal auditors any significant findings and follow up thereon;

14. Reviewing the findings of any internal investigations by the internal auditors intomatters where there is suspected fraud or irregularity or a failure of internal controlsystems of a material nature and reporting the matter to the board;

15. Discussion with statutory auditors before the audit commences about the nature andscope of audit as well as post-audit discussion to ascertain any area of concern;

16. Approval of appointment of CFO (i.e. the whole-time Finance Director or any otherperson heading the finance function or discharging that function) after assessing thequalifications experience & background etc. of the candidate; and

17. Carrying out any other function as is mentioned in the terms of reference of theAudit

Committee.

The powers off Audit Committee:

a) To investigate any activity within its terms of reference;

b) To seek information from any employee;

c) To obtain outside legal or other professional advice; and

d) To secure attendance of outsiders with relevant expertise if it considers necessaryThe audit committee shall mandatorily review the following information:

a) Management discussion and analysis of financial condition and results of operations;

b) Statement of significant related party transactions (as defined by the auditcommittee) submitted by management;

c) Management letters/letters of internal control weaknesses issued by the statutoryauditors;

d) Internal audit reports relating to internal control weaknesses; and

e) The appointment removal and terms of remuneration of the chief internal auditorshall be subject to review by the audit committee.

The quorum of Audit Committee shall be either 3 members or one third of the members ofthe Audit Committee whichever is greater with at least 2 Independent Directors.

II. STAKEHOLDERS' RELATIONSHIP COMMITTEE:

Committee Constitution is as follows:

Name of the Director Designation Nature of Directorship
Jitendra Sharma Chairman Independent Director
Satyaprakash Singh Member Independent Director
Priya Shah Member Independent Director

During the year only 1 Stakeholder's Relationship Committee meeting were dated30/11/2020 properly convened & held.

Terms & Scope of Work of Committee:

The terms of reference of the Stakeholder's Relationship Committee include thefollowing:

1. Considering and resolving grievances of shareholder's debenture holders and othersecurity holders;

2. Redressal of grievances of the security holders of our Company including complaintsin respect of transfer of shares non-receipt of declared dividends balance sheets of ourCompany etc.;

3. Allotment of Equity Shares approval of transfer or transmission of Equity Sharesdebentures or any other securities;

4. Issue of duplicate certificates and new certificates on split/consolidation/renewaletc.

5. Overseeing requests for dematerialization and rematerialization of Equity Shares;and

6. Carrying out any other function contained in the Equity Listing Agreement as andwhen amended from time to time.

III. NOMINATION AND REMUNERATION COMMITTEE:

Committee Constitution is as follows;

Name of the Director Designation Nature of Directorship
Priya Shah Chairman Independent Director
Anil Kumar Patni Member Managing Director
Varun Dhandh Member Executive Director

During the year only 1 Nomination and Remuneration Committee meetings were dated30/11/2020 properly convened & held.

Terms & Scope of Work of Committee:

The terms of reference of the Nomination and Remuneration Committee are:

1. Formulation of the criteria for determining qualifications positive attributes andindependence of a director and recommend to our Board a policy relating to theremuneration of the directors key managerial personnel and other employees;

2. Formulation of criteria for evaluation of Independent Directors and our Board;

3. Devising a policy on Board diversity;

4. Identifying persons who are qualified to become directors and who may be appointedin senior management in accordance with the criteria laid down and recommend to the Boardtheir appointment and removal;

5. Considering and recommending grant if employees stock option if any andadministration and superintendence of the same; and

6. Carrying out any other function contained in the Equity Listing Agreement as andwhen amended from time to time.

13. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

The Company has practice of conducting familiarization Programme for IndependentDirectors of the Company.

Every new independent director of the Board attended an orientation program. Tofamiliarize the new inductees with the strategy operations and functions of our Companythe executive directors/senior managerial personnel make presentations to the inducteesabout the Company's strategy operations product and service offerings markets softwaredelivery organization structure finance human resources technology qualityfacilities and risk management.

The Company has organized the following workshops for the benefit of Directors andIndependent Directors:

(a) a program on how to review verify and study the financial reports;

(b) a program on Corporate Governance;

(c) provisions under the Companies Act2013; and

(d) SEBI Insider Trading Regulation 2015.

Further at the time of appointment of an independent director the Company issues aformal letter of appointment outlining his/her role functions duties andresponsibilities as a director.

14. DECLARATION BY INDEPENDENT DIRECTORS

The Independent Directors of your Company have submitted the declaration ofIndependence as required under Section 149(7) of the Companies Act 2013 confirming thatthey meet the criteria of independence under Section 149(6) of the Companies Act 2013.

15. POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION

The Policy of the Company on Directors' appointment and remuneration including criteriafor determining qualifications positive attributes independence of a Director and othermatters provided under sub-section (3) of section 178 is appended as Annexure II to thisReport.

16. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to Section 134(3)(c) read with Section 134(5) of the Act on the basis ofinformation placed

before them the Directors state 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. appropriate accounting policies have been selected and applied consistently andthe judgments and estimates that have been made are reasonable and prudent so as to give atrue and fair view of the state of affairs of the Company as at 31st March 2021 and ofthe Loss of the Company for the said period;

iii. proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

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

v. the internal financial controls to be followed by the Company and that such internalfinancial controls are adequate and were operating effectively; and

vi. There is a proper system to ensure compliance with the provisions of all applicablelaws and that such systems were adequate and operating effectively.

17. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY

COVID-19

The Company's business has been adversely impacted due to COVID-19 pandemic andsubsequent steps taken by the Government to curtail the spread of the same. The Companyhad to shut down its operations and it has caused tremendous shortages and supply chainissues leading to revenue losses to the business.

Once lockdown was eased in India operations remained very low initially due to subduedorders and labour shortages. Hence Company's sales and financials were adversely affectedfor the first quarter of 2020-21. Sales has now revived with some encouraging ordersreceived from overseas customers in countries where lockdowns has been considerably eased.We expect the demand for all the products and services by the Company is expected torevive once the shut down restrictions are lifted and resumption of supply chain.

The Company believes the pandemic has not altered the fundamentals of the businesssignificantly nor its viability. At the close of the accounting year on March 31 2021 theCompany had a balance sheet and a cash position. Efforts are being made continuously toconserve cash and improve collections and reschedule supplies and payments.

However the impact assessment of COVID-19 is a continuing process given theuncertainties associated with its nature and duration and accordingly the impact may bedifferent from the estimated as at the date of approval of these financialresults/statements. The Company will continue to monitor any material changes to futureeconomic conditions.

There are some material changes and commitments which affecting the financial positionof the Company due to lockdown and COVID 19 which have occurred between the end of thefinancial year of the Company to which the financial statements relate and the date of thereport.

18. INSTANCES OF FRAUD IF ANY REPORTED BY THE AUDITORS

There have been no instances of fraud reported by the Auditors under Section 143(12) ofthe Companies Act 2013.

19. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

As required under the Listing Regulation Management Discussion and Analysis Report ispresented in the separate section and forms an integral part of the Directors' Report.

20. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

The details of Loans given Investments made and guarantees given and securitiesprovided under the Section 186 of the Companies Act 2013 have been provided in the notesto the Financial Statements.

21. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All contracts / arrangements / transactions entered by the Company during the financialyear with related parties were in the ordinary course of business and on an arm's lengthbasis. During the year the Company had not entered into any contract / arrangement /transaction with related parties which could be considered material in accordance with thepolicy of the Company on materiality of related party transactions. Accordingly thedisclosure of Related Party Transactions as required under Section 134(3) of the CompaniesAct in Form AOC-2 is not applicable. Attention of the members is drawn to the disclosuresof transactions with the related parties is set out in Notes to Accounts forming part ofthe financial statement.

22. PARTICULARS REGARDING CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGNEXCHANGE EARNINGS AND OUTGO

Your Company has not carried out any business activities warranting conservation of theenergy and technology absorption in accordance with Section 134 (3) (m) of the CompaniesAct 2013 read with the Companies (Accounts) Rules 2014. Since the company is not engagein any manufacturing activity issues relating to technology absorption are not quiterelevant to its functioning. During the year under consideration the Company hasspent/incurred foreign exchange equivalent to Rs. Nil. There is no foreign exchangeearnings during the year.

23. RISKS MANAGEMENT AND AREA OF CONCERN

The Company has laid down a well-defined Risk Management Policy covering the riskmapping trend analysis risk exposure potential impact and risk mitigation process. Adetailed exercise is being carried out to identify evaluate manage and monitoring ofboth business and non- business risk. The Board periodically reviews the risks andsuggests steps to be taken to control and mitigate the same through a properly definedframework.

Although market conditions are likely to remain competitive future success willdepend upon offering improved products through technology innovation and productivity. TheCompany continues to invest in these areas.

The Company has the risk management and internal control framework in placecommensurate with the size of the Company. However Company is trying to strengthen thesame. The details of the risks faced by the Company and the mitigation thereof arediscussed in detail in the Management Discussion and Analysis report that forms part ofthe Annual Report.

24. CORPORATE SOCIAL RESPONSIBILITY

The Company has not developed or implemented any CSR initiatives. The provisionscontained in section 135 of the Companies Act 2013 as well as the Companies (CorporateSocial Responsibility Policy) Rules 2014 are not applicable to your Company for the yearunder reference.

25. CHANGE IN THE NATURE OF BUSINESS

During the year under review there is no change in the nature of Business of theCompany.

26. SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any subsidiary Joint Venture Associate Company or LLPsduring the year under review.

27. DETAILS RELATING TO DEPOSITS COVERED UNDER CHAPTER V OF THE COMPANIES ACT 2013

The Company has not accepted any public deposits and as such no amount on account ofprincipal or interest on public deposits was outstanding as on the date of the balancesheet.

28. DETAILS RELATING TO DEPOSITS WHICH ARE NOT IN COMPLIANCE WITH THERE REQUIREMENTSUNDER CHAPTER V OF THE COMPANIES ACT 2013

During the year under review your Company has not accepted Deposits which are not incompliance with the requirements under Chapter V of Companies Act 2013.

29. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS

There are no significant material orders passed by the Regulators/Courts which wouldimpact the going concern status of the Company and its future operations.

30. INTERNAL FINANCIAL CONTROL SYSTEM

Your Company has an internal financial control system commensurate with the size scaleand complexity of its operations. The Audit Committee has in place a mechanism toidentify assess monitor and mitigate various risks to key business objectives. The AuditCommittee has a process for timely check for compliance with the operating systemsaccounting procedures and policies. Major risks identified by the businesses and functionsare systematically addressed through mitigating action on continuing basis.

31. AUDITORS & REPORT OF THE AUDITORS

The Statutory Auditors M/s. V. Singhi & Associates Chartered Accountants (FRN:311017E)

Mumbai were Re-appointed as the Statutory Auditor of the Company in the 9th AnnualGeneral Meeting held till conclusion of the Annual General Meeting and being eligibleoffer themselves for Reappointment. Further M/s. V. Singhi & Associates CharteredAccountants (FRN:311017E) was Reappointment in the 9th Annual General Meeting as StatutoryAuditor of the company

There are no qualifications reservations or adverse remarks or disclaimers made byM/s. V. Singhi & Associates Chartered Accountants (FRN: 311017E) Statutory Auditorsin their Report on the accounts of the Company for the year under reference. Theobservations made by them in their Report are self-explanatory and do not call for anyfurther clarifications from the Board.

32. SECRETARIAL AUDIT REPORT

The Board of Directors of the Company has appointed Mrs. Abhilasha ChaudharyPracticing Company Secretary COP No A62496 to conduct the Secretarial Audit and hisReport on Company's Secretarial Audit Report is appended to this Report as ANNEXURE III.There are no qualifications reservations or adverse remarks or disclaimers made by Mrs.Abhilasha Chaudhary Practicing Company Secretaries in their secretarial audit reportexcept what have been specifically mentioned the Report which is self-explanatory. Thereare no qualifications reservations or adverse remarks or disclaimers made by SecretarialAuditors.

33. COST AUDITORS

The Board of Directors of the Company here confirmed that according to the Companiesworking and business the company does not required to appoint the Cost Auditor as per theSection 148 of the Companies Act 2013.

34. INTERNAL AUDITORS

The Company has appointed to Mr. Jay Jayendra Shah Chartered accountants as InternalAuditor of the company for the financial year 2021-22 to 2023-24.

35. POLICY/VIGIL MECHANISM/CODE OF CONDUCT

The Company has a Whistle Blower Policy in line with the provisions of the Section 177of the Companies Act 2013. This policy establishes a vigil mechanism for directors andemployees to report their genuine concerns actual or suspected fraud or violation of theCompany's code of conduct. The said mechanism also provides for adequate safeguardsagainst victimisation of the persons who use such mechanism and makes provision for directaccess to the chairperson of the Audit Committee. We confirm that during the financialyear 2020-21 no employee of the Company was denied access to the Audit Committee. Thesaid Whistle Blower Policy is available on the website of the Company atwww.diggimultitrade.com.

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 Company believes in "Zero Tolerance" against briberycorruption and unethical dealings / behaviors of any form and the Board has laid down thedirectives to counter such acts. The Code has been posted on the Company's websitewww.diggimultitrade.com.

The Code lays down the standard procedure of business conduct which is expected to befollowed by the Directors and the designated employees in their business dealings and inparticular on matters relating to integrity in the work place in business practices andin dealing with stakeholders. The Code gives guidance through examples on the expectedbehaviour from an employee in a given situation and the reporting structure.

All the Board Members and the Senior Management personnel have confirmed compliancewith the Code. All Management Staff were given appropriate training in this regard.

36. DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT

WORKPLACE (PREVENTION PROHIBITION & REDRESSAL) ACT 2013

Your Company is committed to creating and maintaining an atmosphere in which employeescan work together without fear of sexual harassment exploitation and intimidation.Accordingly the Company has in place an Anti-Sexual Harassment Policy in line with therequirements of The Sexual Harassment of Women at the Workplace (Prevention Prohibition& Redressal) Act 2013. Internal Complaints Committee (ICC) was set up to redresscomplaints received regarding sexual harassment. All employees (Permanent Contractualtemporary trainees) are covered under this policy.

The following is a summary of sexual harassment complaints received and disposed offduring the year:

No. of Complaints received Nil
No. of Complaints disposed off Nil

37. PARTICULARS OF EMPLOYEES

Disclosures with respect to the remuneration of Directors and employees as requiredunder Section 197 of the Companies Act and Rule 5(1) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 has been appended as ANNEXURE IV tothis Report. There were no such employees of the Company for which the informationrequired to be disclosed pursuant to Section 197 of the Companies Act read with Rule5(2)&(3) of the Companies (Appointment and Remuneration of Managerial Personnel)Rules.

38. CORPORATE GOVERNANCE:

As per the Guideline and direction of the SEBI & Stock Exchange accordingly thecompany has been adhering to the directions and guideline as required and if applicableon the companies size and type (as per the Regulations and rules the Corporate Governanceis not applicable on SME Listed Companies).

39. MEETING OF INDEPENDENT DIRECTORS:

During the year under review one Independent Director Meeting held on 26/06/2020 forthe F. Y. 2020-21.

The object of Independent Meeting was to review the performance of Non- independentDirector and the Board as a whole including the Chairperson of the Company. The Companyassures to held the Separate Meeting of Independent Director of the Company as earliestpossible.

40. POSTAL BALLOT:

No Postal ballot was conducted by the company during the year 2020-21.

41. PREVENTION OF INSIDER TRADING

The Company has adopted a Code of Conduct for Prevention of Insider Trading with a viewto regulate trading in securities by the Directors and designated employees of theCompany. The Code requires preclearance for dealing in the Company's shares and prohibitsthe purchase or sale of Company shares by the Directors and the designated employees whilein possession of unpublished price sensitive information in relation to the Company andduring the period when the Trading Window is closed. The Board is responsible forimplementation of the Code.

All Board of Directors and the designated employees have confirmed compliance with theCode.

13. LISTING FEES:

The Equity Shares of the Company is listed on BSE (SME Platform) Limited and theCompany has paid the applicable listing fees to the Stock Exchange till date.

14. CFO CERTIFICATION:

The Chief Executive Officer and Chief Financial Officer Certification as required underRegulation 17(8) read with Part B of Schedule II of the SEBI(LODR) Regulation 2015 havebeen appended to this report.

15. PARTICULARS OF EMPLOYEES AND RELATED INFORMATION:

In terms of the provisions of Section 197(12) of the Act read with Rule 5 of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 a statementcontaining the disclosures pertaining to remuneration and other details as required underthe Act and the above Rules are The disclosures as specified under Rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014. Thepercentage increase in remuneration of each Director Chief Financial Officer and CompanySecretary during the financial year 2020- 2021 ratio of the remuneration of each Directorto the median remuneration of the employees of the Company for the financial year2020-2021 and the comparison of remuneration of each Key Managerial Personnel (KMP)against the performance of the Company are as under:

16. SECRETARIAL STANDARDS

The Company complies with the Secretarial Standards issued by the Institute of CompanySecretaries of India which are mandatorily applicable to the Company. The same has alsobeen confirmed by Secretarial Auditors of the Company in the Secretarial audit Report.

17. ACKNOWLEDGEMENT:

Your Directors wish to place on record their appreciation and sincere thanks to theState Governments Government agencies Banks & Financial Institutions customersshareholders vendors and other related organizations who through their continued supportand co- operation have helped as partners in your Company's progress. Your Directorsalso acknowledge the hard work dedication and commitment of the employees.

For and on behalf of the Board of Directors
Diggi MultitradeLimited
Sd/- Sd/-
Anilkumar Pannalal Patni Varun Dhandh
Date: 30-08-2021 Managing Director Director& CFO
Place: Mumbai DIN: 06597013 DIN: 06870407

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