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DRA Consultants Ltd.

BSE: 540144 Sector: Others
NSE: N.A. ISIN Code: INE746V01016
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OPEN 15.50
CLOSE 15.40
VOLUME 5000
52-Week high 24.55
52-Week low 11.01
P/E 10.20
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

DRA Consultants Ltd. (DRACONSULTANTS) - Director Report

Company director report

To

The Members

Your Directors are pleased to present the 12th Annual Report on thebusiness and operations of the Company and the financial results for the year ended 31stMarch 2021.

1. FINANCIAL PERFORMANCE

(Amount in Rs.)

PARTICULARS 2020-21 2019-20
Revenue from operations 151443334.00 204402928.03
Other Income 6534735.72 5751602.00
Total Expenditure 128466171.09 182425293.96
Finance Cost 1556864.61 856931.04
Depreciation 4596707.43 5265657.75
Profit before taxation 23358326.59 21606647.28
Tax Expenses 7211407.08 5084722.65
Net Profit 16146919.52 16521924.63

During the year under the review Revenue from operations of the Company stood at Rs.15.14 Crs. as against the turnover from operations of Rs. 20.44 Crs in the previous year.Net profit for the period stood at Rs. 1.61 Crs as against Rs. 1.65 Crs.in the previousyear.

KEY PROJECTS:

• Consulting Services for Detailed Engineering Design and Supervision Services(DED) for KANO State Water Board Kano Nigeria (French Development Agency (AFD) Support tothe 3rd National Urban Water Sector Reform Project In Kano State)

• Consultancy for Utilities Engineering - Consultancy Services for Utilities i.e.Cooling and Process Water system Compressed Air System Fire Fighting Drinking WaterSewerage treatment for cement Plant (Pre-Clinkration and post- Clinkration of Jaykay Cem(central) Ltd. Plant at Panna (MP)

• Consultancy for Design & Detailed Engineering Selection of Equipment Billof Material Assistance During and After Commissioning of Water System EngineeringIncluding Raw Water Water Treatment Drinking Water System and Fire Fighting SystemCovering Underground Coal Mines etc. For Ultratech Cement - Bicharpur Coal Mines Project

• Consultancy services for preparation of comprehensive water supply and seweragemaster plan for 2 Urban Sectors (South B and East A) of Nagpur Metropolitan region.

• Design and project management Consultancy services for capacity enhancement ofRavet pumping station and Nigadi Water Treatment Plant (WTP) by 100 MLD.

• Additional work under AMRUT of Project Management Consultancy for implementationand operation and maintenance of Continuous (24x7) Pressurized Water Supply system in 60%Area of Pimpri-Chinchwad Municipal Corporation.

• Project Management Consultancy for implementation of Continuous (24x7)Pressurized Water Supply system in 60% Area of Pimpri-Chinchwad Municipal CorporationO&M Phase.

• Energy Audit for pumping machineries equipment's instruments and electricalsystem in sewage T reatment Plant and sewage pump House in PCMC area.

• Consultancy Services for PPP Design and transaction support for interception anddiversion works (I&D) and Sewage treatment Plant in Budhana and Muzaffarnagar in UttarPradesh.

• Consultancy Services for PPP Design and transaction support for interception anddiversion works (I&D) and Sewage treatment Plant in Asansol Burdwan and DurgapurMunicipalities in West Bengal.

• Technical and Engineering Consultancy Services for Utilities i.e WaterSewerage Compressed air cooling Process water system Firefighting Fuel Oil System andPower Plant of CG Cement at Sardeba Palpa Nepal.

• Consultancy Services Review and recommendations on utilities drawings of MangrolL3 and reviews and recommendation on drawings of Nimbahera at JK Cement project.

• Project Management consultancy For Implementation of Continuous (24x7)Pressurized Water Supply system in 60% Area of Pimpri-Chinchwad Municipal Corporation.

• Project Management Services for Sourcing of Water from Andra Dam and BhamaAskhed Dam for Pimpri-Chinchwad City

• Project Management Consultancy Services for ABD Area Water Supply and SewerageNetwork System Improvement Work Indore Smart City.

• Project Management Consultancy Services for Water Supply and SewerageImprovement Works including SCADA for Indore Municipal Corporation under AMRUT YojanaIndore PMC.

• Implementation of 24X7 Water Supply Project for un-interrupted Water Supply andReduction of Non-Revenue Water / Unaccounted-for Water with Improvement in Level ofServices to the Consumers for Nagpur City through PPP.

• Project Management & Construction Supervision for Augmentation to NagpurCity Water Supply Pench-IV Scheme for Nagpur Municipal Corporation - A Project Sanctionedunder Jawaharlal Nehru National Urban Renewal Mission.

• Improvement and Revamping the existing Water Supply System including WaterAudit Consumers Survey GIS Mapping Measures to Reduce Non Revenue Water / Unaccounted-for Water Achievement of Service Level Benchmark and Upgrading the System for Continuous(24X7) Water Supply to the command area of Ahmedabad Municipal Corporation

• Preparation of Detailed Project Report (Pre-Feasibility Report and TransactionalAdvisory Services) for Funding and O&M of 40 Electric Buses for Nagpur City under DHIFAME Scheme Phase II for Urban Transport System of Nagpur Municipal Corporation TransportDepartment.

2. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS

There are no significant material changes and commitments affecting financial positionof the company between 31st March 2021 and the date of Board's Report.

3. CHANGE IN THE NATURE OF BUSINESS IF ANY

The company has not changed the nature of business during the financial year underreview.

4. DIVIDEND

With a view to conserve the resources of the Company Your Directors do not propose torecommend any dividend. These retained earnings can be utilized in future for financingexpansion programmes and for meeting the fixed or working capital needs of the Company.

5. TRANSFER TO RESERVES

Your Company proposes to transfer Rs. 16146919.52/-to the General Reserve.

6. MEETINGS:

A. BOARD MEETINGS

During the year Nine Board Meetings were held the details are as mentioned below:

SR. NO. DATE OF MEETING TOTAL NO OF DIRECTORS AS ON MEETING ATTENDANCE
1. 25.06.2020 6 5
2. 30.06.2020 6 5
3. 17.08.2020 6 5
4. 28.08.2020 6 5
5. 12.11.2020 6 5
6. 30.11.2020 6 5
7. 07.12.2020 6 4
8. 13.01.2021 6 5
9. 22.03.2021 6 6

B. COMMITTEE MEETINGS:

• AUDIT COMMITTEE MEETINGS

During the year Two Audit Committee Meetings were held the details are given as under:

Sr. No. Date of meeting Total no of directors as on meeting Attendance
1 30.06.2020 3 3
2 12.11.2020 3 3

7. COMPOSITION OF COMMITTEES

The composition terms of reference and other details of all Board level committeeshave been elaborated below:

A. AUDIT COMMITTEE

BRIEF DESCRIPTION AND TERMS OF REFERENCE

The role and terms of reference of the Audit Committee have been updated to be in linewith Section 177 of the Companies Act 2013 besides other terms as may be referred by theBoard of Directors. The said Committee reviews reports of the Statutory Auditors andInternal Auditors periodically to discuss their findings and suggestions internal controlsystem scope of audit observations of the auditors and other related matters and reviewsmajor Accounting policies followed by the Company.

COMPOSITION AND MEETING:

Composition of Audit Committee as on 31stMarch 2021:

Name of the Director Status in Committee Nature of Directorship Number of Meetings held during the Financial Year 2020-21
Held Attended
Mr. Jeetendra Nayak Chairman Independent Director 3 3
Mr. Dinesh Rathi Member Chairman and Managing Director 3 3
Mr. Manavendra Jaypal Member Independent Director 3 3

B. NOMINATION AND REMUNERATION COMMITTEE BRIEF DESCRIPTION AND TERMS OF REFERENCE

The objective of Nomination and Remuneration Committee is to assess the remunerationpayable to the Managing Director/Whole Time Directors; sitting fee payable to theNon-Executive Directors; remuneration policy covering policies on remuneration payable tothe senior executives.

COMPOSITION:

Composition of Nomination and Remuneration Committee as on 31stMarch 2021

Name of the Director Status in Committee Nature of Directorship Number of Meetings held during the Financial Year 2020-21
Held Attended
Mr. Jeetendra Nayak Chairman Independent Director 1 1
Mr. Manavendra Jaypal Member Independent Director 1 1
Mr. Aditya Rathi Member Non- Executive Director 1 1

During the year on 22.03.2021 Nomination and Remuneration Committee Meeting was held.

C. NOMINATION AND REMUNERATION POLICY

The Board of Directors has framed a policy which lays down a framework in relation toremuneration of Directors Key Managerial Personnel and Senior Management of the Company.The policy also lays down criteria for selection and appointment of Board Members. Thedetails of this policy are given below:-

Criteria and Qualification for Nomination & Appointment

The Committee shall identify and ascertain the integrity qualification expertise andexperience of the person for appointment as Director KMP or at Senior Management leveland recommend to the Board his/her appointment.

• A person should possess adequate qualification expertise and experience for theposition he/she is considered for appointment. The Committee has discretion to decidewhether qualification expertise and experience possessed by a person is sufficient/satisfactory for the concerned position.

• The Company shall not appoint or continue the employment of any person as Wholetime Director who has attained the age of seventy years. Provided that the term of theperson holding this position may be extended beyond the age of seventy years with theapproval of shareholders by passing a special resolution based on the explanatorystatement annexed to the notice for such motion indicating the justification for extensionof appointment beyond seventy years.

Policy on Remuneration

The Company's Remuneration policy considers human resources as its invaluable assetsThe Remuneration policy for all the employees are designed in a way to attract talentedexecutives and remunerate them fairly and responsibly this being a continuous ongoingexercise at each level in the organization.

The Remuneration of Directors should be in accordance with the provisions of theCompanies Act 2013 read with Schedule-V of the companies Act 2013 as amended from timeto time.

• To ensure that the level and components of remuneration is reasonable andsufficient to attract retain and motivate Directors KMP and other employees of thequality required to run the Company successfully.

• No director/KMP/other employee are involved in deciding his or her ownremuneration.

• The trend prevalent in the similar industry nature and size of business arekept in view and given due weight age to arrive at a competitive quantum of remuneration.

• It is to be ensured that relationship of remuneration to the performance isclear & meets appropriate performance benchmarks which are unambiguously laid down andcommunicated.

• Improved performance should be rewarded by increase in remuneration and suitableauthority for value addition in future.

• Provisions of all applicable laws with regard to making payment of remunerationto the Board of Directors KMP and Senior Management as maybe applicable from time totime shall be complied.

• Whenever there is any deviation from the Policy the justification/reasonsshould also be indicated/ disclosed adequately.

Managing Director and Executive Directors

The Company remunerates its Managing Director and Executive Director's by way ofsalary perquisites and allowances. Remuneration is paid within the limits recommended bythe Nomination & Remuneration Committee and the Board and as approved by theshareholders within the stipulated limits of the Companies Act 2013 and the Rules madethereunder. The remuneration paid to the Managing Director and the Executive Director's isdetermined keeping in view the industry benchmark and the relative performance of theCompany to the industry performance.

Non-executive Directors

Non-executive Directors are presently not paid any remuneration. Your Company has notpaid any sitting fees for attending the meeting of the Board and its Committees as per theprovisions of the Companies Act 2013 and the rules made thereunder. The Company howeverreimburses the expenses incurred by the Non -Executive Directors to attend the meetings.

Key Managerial Personnel and other senior employees

The remuneration of KMP and other employees largely consists of basic salaryperquisites and allowances. Perquisites and retirement benefits are paid according to theCompany policy. The components of the total remuneration vary for different grades and aregoverned by the industry pattern qualification & experience/merits performance ofeach employee. The Company while deciding the remuneration package takes intoconsideration current employment scenario and remuneration package of the industry and itspeer group.

D. STAKEHOLDER'S RELATIONSHIPCOMMITTEE

BRIEF DESCRIPTION AND TERMS OF REFERENCE

The Board has delegated the powers to a committee to approve transfer/transmission ofshares considering and resolving the grievances to oversee the performance of theRegistrar & Share Transfer Agent Oversee the implementation and compliance of theCode of Conduct adopted by the Company for prevention of Insider Trading and to attend allother matters related thereto:

COMPOSITION:

Composition of Stakeholder's Relationship Committee as on 31st March 2021:

Name of the Director Status in Committee Nature of Directorship
Mr. Jeetendra Nayak Chairman Independent Director
Name of the Director Status in Committee Nature of Directorship
Mr. Manavendra Jaypal Member Independent Director
Ms. Aditya Rathi Member Non- Executive Director

During the period no meetings were held.

E. CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE

The company has not crossed the threshold limit as prescribed under section 135 of theCompanies Act 2013 hence has not been constituted the Corporate Social ResponsibilityCommittee for the year.

8. DIRECTORS AND KEY MANAGERIAL PERSONS:

A. COMPOSITION OF THE BOARD:

Sr. No. Name of the Director Designation Appointment Resignation
1. Mr. Dinesh Chhaganlal Rathi Managing Director 05.05.2009 -
2. Mrs. Uma Dinesh Rathi Executive Director 05.05.2009 -
3. Ms. Siddhi Dinesh Rathi Non-Executive Director 25.08.2016 --
4. Mr. Jeetendra Chandrakant Nayak Independent Director 25.06.2016 --
5. Mr. Manavendra Jaypal Independent Director 16.08.2018 --
6. Mr. Aditya Dinesh Rathi Non-Executive Director 12.12.2017 --

-Retirement by Rotation

Pursuant to provisions of the Companies Act 2013 Mr. Dinesh Rathi (DIN: 01516715)Director will retire at the ensuing Annual General Meeting and being eligible offershimself for reappointment. The Board recommends his re-appointment.

-Change in designation

On 22.03.2021 Siddhi Rathi's designation changed from Executive Director toNon-Executive Director.

B. COMPOSITION OF KEY MANAGERIAL PERSONNEL

The details of the Key Managerial personnel of the Company are as tabled below:

Sr. No. Key Managerial personnel Designation Appointment Resignation
1 Ms. Ankita N Daga Company Secretary 04.07.2016
2 Mr. Ravindra Ashok Gaikwad Chief Financial Officer 05.03.2020

9. DECLARATION FROM INDEPENDENT DIRECTORS ON ANNUAL BASIS

The Company has received declarations from all the Independent Directors of the Companyas per the provisions of Section 149 subsection (7) of the Companies Act 2013 confirmingthat they meet the criteria of independence as prescribed both under Section 149sub-section (6) of the Companies Act 2013 read with the Rule 4 of Companies (Appointmentand Qualification of Directors) Rule 2014 and the SEBI (Listing Obligations andDisclosures Requirement) Regulations 2015.

10. RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year were onarm's length basis and were in the ordinary course of the business. There are nomaterially significant related party transactions made by the company with Promoters KeyManagerial Personnel or other designated persons which may have potential conflict withinterest of the company at large. Further enclosing Form AOC-2 in "ANNEXURE I"

11. CHANGES IN SHARE CAPITAL

There was no Change in the Share Capital structure of the Company. The Share Capitalstructure at March 31 2021 stood as mentioned below:

PARTICULARS NO. OF SHARES SHARE CAPITAL (IN RS.)
Authorised Share Capital 12000000 Rs. 120000000/-
Paid up Share Capital 10970000 Rs. 109700000/-

12. VIGIL MECHANISM

In order to ensure that the activities of the Company and its employees are conductedin a fair and transparent manner by adoption of highest standards of professionalismhonesty integrity and ethical behavior the Company has adopted a Vigil mechanism/WhistleBlower Policy.

The Vigil (Whistle Blower) Mechanism aims to provide a channel to the Directors andemployees to report genuine concerns about unethical behavior actual or suspected fraudor violation of the Code of Conduct policy.

The Company is committed to adhere to the highest standards of ethical moral and legalconduct of business operations and in order to maintain these standards the Companyencourages its employees who have genuine concerns about suspected misconduct to comeforward and express these concerns without fear of punishment or unfair treatment.

The mechanism provides for adequate safe-guards against victimization of Directors andemployees to avail of the mechanism and also provide for direct access to the Chairman ofthe Audit Committee in exceptional cases. This neither releases employees from their dutyof confidentiality in the course of their work nor can it be used as a route for raisingmalicious or unfounded allegations about a personal situation.

13. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134 (5) of the Companies Act 2013 the Directors confirm that:

a) in the preparation of the annual accounts for the year ended 31st March2021 the applicable accounting standards had been followed along with proper explanationrelating to material departures;

b) 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 31stMarch 2021 and of the loss of the company for that period.

c) the Directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

d) the Directors have prepared the annual accounts for the period ended 31stMarch 2021 on a going concern basis.

e) the Directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

14. SUBSIDIARIES JOINT VENTURES AND ASSOCIATE COMPANIES

Your Company has no subsidiaries joint ventures and associate companies during theyear.

15. EXTRACT OF ANNUAL RETURN

As required pursuant to section 92(3) of the Companies Act 2013 and rule 12(1) of theCompanies (Management and Administration) Rules 2014 an extract of annual return in FormMGT-9 as a part of this Annual Report is in "ANNEXURE II".

16. PARTICULARS OF EMPLOYEES

The details pursuant to Section 197 (12) of the Companies Act 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 isenclosed as ANNEXURE - III.

Further during the year under review none of the employees were entitled to receiveremuneration exceeding the prescribed limit set under Rule 5 (2) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014.

17. REGISTRAR AND TRANSFER AGENT

The Board had appointed M/s. Bigshare Services Private Limited as Registrar andTransfer Agent (RTA) at their meeting held on 25th August 2016. The Company'sRegistrar & Share Transfer

Agents M/s. Bigshare Services Private Limited is fully equipped to carry out thetransfers of shares and redress Investor complaints.

18. AUDITORS

A. STATUTORY AUDITORS:

The term of Five years of M/s Amit Gharlute & Co. Chartered Accountants Nagpurwill expire on the conclusion of the 12th Annual General Meeting of the Company. In thisregard the Audit Committee the Board of Directors of the Company have recommended thatM/s. K N D & Associates Chartered Accountants (ICAI Firm Registration no. 112180W)may be appointed as the Statutory Auditor of the Company for a term of five consecutiveyears to hold office from the conclusion of this 12th Annual General Meeting till theconclusion of 17th Annual General Meeting at such remuneration plus out of pocketexpenses and applicable taxes as may be fixed by the Board of Directors of the Company ofthe Company.

M/s. K N D & Associates Chartered Accountants (ICAI Firm Registration no.112180W) have conveyed their consent to be appointed as the Statutory Auditor of theCompany along with a confirmation that their appointment if made by the members wouldbe within the limits prescribed under companies Act 2013 and rules made thereunder.Accordingly Ordinary resolution is submitted to the meeting for consideration and approvalof the members. None of the Directors KMP(s) or their relatives in any way concerned orinterested in the said resolution.

AUDITOR'S REPORT:

The Report given by the Auditors on the financial statements of the Company is part ofthe Annual Report. There is no qualification reservation adverse remark or disclaimergiven by the Auditors in their Report. However the Report is self-explanatory and doesnot require any comments or clarification.

B. SECRETARIAL AUDITOR

The Board has appointed M/s. Kunal Dutt & Associates Practicing CompanySecretaries to conduct Secretarial Audit of the Company for the financial year ended 31stMarch 2021 in compliance with the provisions of Section 204 of the Companies Act 2013.

The report of the Secretarial Audit Report in Form MR-3 is enclosed as "ANNEXUREIV" to this Report.

C. INTERNAL AUDITOR

In accordance with the provisions of Section 138 of the Act and rules made thereunderthe Board of Directors of the Company has appointed M/s D N Tonpe & Co. CharteredAccountant Registration No. 111019W as an Internal Auditor to conduct the Internal Auditof the Company.

The Board has appointed M/s D N Tonpe & Co. Chartered Accountant (FRN: 111019W) asInternal Auditor to conduct the Internal audit of your Company for the financial year2021-22.

19. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNING AND OUTGO

Particulars of Energy Conservation Technology Absorption and Foreign Exchange Earningsand Outgo required under the Rule 8 of the Companies (Accounts) Rules 2014 is annexed andmarked "ANNEXURE V" and forms part of this Report.

20. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS:

The Company has effective 'internal financial controls' that ensure an orderly andefficient conduct of its business including adherence to Company's policies safeguardingof its assets prevention and detection of frauds and errors accuracy and completeness ofthe accounting records and timely preparation of reliable financial information.

21. THE DETAILS OF SIGNIFICANT MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS ORTRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE

No significant or material orders were passed by the regulators or courts or tribunalsimpacting the going concern status and company's operations in future during the yearunder review.

22. MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY

There were no material changes and commitments in the business operations of theCompany from the Financial Year ended 31st March 2021 to the date of signingof the Director's Report.

23. PARTICULARS OF LOANS GIVEN INVESTMENT MADE GUARANTEES GIVEN AND SECURITIESPROVIDED:

Your Company has not given any loan or guarantee to any person or body corporate norinvested in anybody corporate during the Financial Year under review pursuant to Section186 of Companies Act 2013.

24. RISK MANAGEMENT

The Board has formally adopted steps for framing implementing and monitoring the riskmanagement plan for the Company by way of Risk Management Policy. The Board is veryvigilant in working and also have proper internal control systems to minimize theoperational and business risk. Company also encourages Whistle Blower system in thecompany.

25. FORMAL ANNUAL EVALUATION

Your Company has devised a Policy for selection of Directors determining independenceof Directors and for performance evaluation of Independent Directors Board Committeesand other individual Directors which include criteria for performance evaluation of thenon-executive directors and executive directors.

26. DECLARATION WITH THE COMPLIANCE WITH THE CODE OF CONDUCT BY MEMBERS OF THE BOARDAND SENIOR MANAGEMENT PERSONNEL

The Company has complied with the requirements about code of conduct for Board membersand Sr. Management Personnel.

27. MECHANISM FOR BOARD EVALUATION

SEBI (LODR) Regulations 2015 states that the board shall monitor and review the boardevaluation framework. The Companies Act 2013 states that a formal annual evaluation needsto be made by the Board of its own performance and that of its committees and individualdirectors. The Schedule IV of the Companies act 2013 states that the performanceevaluation of the independent directors shall be done by the entire Board of Directorsexcluding the Director being evaluated.

The Directors evaluation was broadly based on the parameters such as understanding ofthe Company's vision and objective skills knowledge and experience participation andattendance in Board/ Committee meetings; governance and contribution to strategy;interpersonal skills etc. The Board has carried out the annual performance evaluation ofits own performance the Directors individually as well as evaluation of the working ofits Board Committees. A meeting of the Independent Directors was also held which reviewedthe performance of Non-Independent Directors Chairman and the quality quantity and timelines of flow of information between the Company management and Board.

28. CORPORATE GOVERNANCE

Since the Company has listed its securities on SME platform of BSE Limited during theyear under review the provisions of Corporate Governance as specified in regulations ofSEBI (LODR) Regulation 2015 are not applicable to the Company for the financial yearended 31st March 2021.

29. SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION AND REDRESSAL)ACT 2013 (SHWWA):

Your Company is committed to providing a work environment that is professional andmature free from animosity and one that reinforces the value of integrity that includesrespect for the individual. The Company has always believed in providing a safe andharassment free workplace for every individual working in the Company's premises throughvarious interventions and practices. The Company always endeavors to create and provide anenvironment that is free from discrimination and harassment including sexual harassment.All employees are treated with dignity with a view to maintain a work environment free ofsexual harassment whether physical verbal or psychological. The Policy aims to develop aharmonious and productive working environment free from sexual harassment. The Companyalso ensures all allegations of sexual harassment are investigated and dealt witheffectively and appropriately.

30. SECRETARIAL STANDARDS

Your company has complied with the Secretarial Standards issued by the Institute ofCompany Secretaries of India.

GENERAL

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:

1. Details relating to deposits covered under Chapter V of the Act.

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

3. Issue of shares (including sweat equity shares) to employees of the Company underany scheme save and except ESOS referred to in this Report

4. Neither the Managing Director nor the Whole-time Directors of the Company receiveany remuneration or commission from any of its subsidiaries as the company has nosubsidiaries.

5. No significant or material orders were passed by the Regulators or Courts orTribunals which impact the going concern status and Company's operations in future.

ACKNOWLEDGMENT

The Board of Directors are pleased to place on record their appreciation of theco-operation and support extended by ICICI Bank Limited various State and CentralGovernment agencies Stock Exchange and other Agencies. The Board would like to thank theCompany's shareholders Customers Service providers for the support and the confidencewhich they have reposed in its management. The Board also wishes to place on record itshighest appreciation of the valuable services rendered by all the employees of theCompany.

For and on behalf of the Board of Directors For DRA Consultants Limited
Place: Nagpur

Date: 30th August 2021

Sd/- Dinesh Rathi (Managing Director) (DIN:01516715) Sd/- Uma Rathi (Executive Director) (DIN: 02578611)

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