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Geekay Wires Ltd.

BSE: 535003 Sector: Engineering
NSE: GEEKAYWIRE ISIN Code: INE669X01016
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Geekay Wires Ltd. (GEEKAYWIRE) - Director Report

Company director report

Dear Members

The board of Directors are pleased to present the 33rdAnnual Report on the business and operations of the Company together with the StandaloneAudited Financial Statements for the Financial Year ended March 31 2022.

1. FINANCIAL RESULT

Financial results of your Company for the year ended 31stMarch 2022 are summarized below:

Amount (In Lakhs)

PARTICULARS 2021-22 2020-21
Income from Operations 25788 17021
Other Income 1414 566
Total Revenues 27202 17586
Operating expenditure 24823 15807
Earnings before Interest Tax Depreciation and Amortization (EBITDA) 2379 1779
Finance costs 748 588
Depreciation and amortization expense 350 309
Profit before exceptional item and Tax 1280 882
Exceptional Item - -
Profit before Tax (PBT) 1280 882
Tax expense 380 252
Profit after Tax (PAT) 900 629

2. COMPANY'S PERFORMANCE

During the Financial Year 2021-22:

1. The Company's revenue from operations for FY 2021-22 was Rs. 25788Lakhs compared to Rs. 17021 Lakhs in the previous year an increase by 51.50% over theprevious year. During the year under review in the wake of the business impact caused byCovid 19 your company focused on profitable operations on site in respect tomanufacturing division. This enabled the company to increase the turnover andprofitability.

2. The Company's profit before exceptional items and tax was Rs. 1280Lakhs during the year compared to Rs. 882 Lakhs in the previous year a increase of 45.12% over the previous year.

3. The Company earned a net profit after tax of Rs. 900 Lakhs asagainst a net profit after tax of Rs. 629 Lakhs in the previous year a increase of 43.08%over the previous year.

3. DIVIDEND

The Board of Directors at their meeting held on Friday September 022022 has recommended payment of Rs.2.50 (Rupees Two and Fifty paise ) per equity share asfinal dividend on the paid up equity share capital of the Company for the financial yearended 31st March 2022. The payment of final dividend is subject to the approval of theshareholders at the ensuing 33rd Annual General Meeting (AGM) of the Company.

4. SHARE CAPITAL

The Authorized & Paid-up Equity Share Capital as on March 31 2022was Rs. 106000000/- divided into 10600000 Equity Shares of Rs. 10/- each & Rs.104520000/- divided into 10452000 Equity Shares of Rs. 10/- each respectively.During the year under review the Company has not issued any securities.

.TRANSFER TO RESERVES

The Board of Directors declared final dividend for the year underreview from part of the Profit & balance profit transferred to the Reserves.

6. RE-APPOINTMENT OF MANAGING DIRECTOR WHOLE TIME DIRECTORS ANDINDEPENDENT DIRECTORS & INCREASE IN LIMIT OF BORROWING POWER TO THE BOARD UPTO RS.300CRORES

During the Year under review the members at the Extra Ordinary GeneralMeeting held on 5th March 2022 through video conferencing VC/Other Audio VisualMeans (OAVM) has done :

A) Re-appointment of Mr. Ghanshyam Dass (DIN: 01539152) as Chairman& Managing Director of the Company for a further period of 5 yrs.

B) Re-appointment of Mr. Ashish Kandoi (DIN: 00463257) as Whole-timeExecutive Director of the Company for a further period of 5 yrs

C) Re-appointment of Mr. Anuj Kandoi (DIN: 00463277) as Whole-timeExecutive Director of the Company for a further period of 5 yrs.

D) Re-appointment of Ms. Shwetha Kabra (DIN: 07754149) as IndependentDirector for a Second term of five consecutive years.

E) Re-appointment of Mrs. Tara Devi Veitla (DIN: 07754163) asIndependent Director for a Second term of five consecutive years.

7.SUBSIDIARY & ASSOCIATE COMPANIES

During the period under review the Company has no Subsidiaries JointVenture or Associates.

8. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

During the year under review the Company has not made any investment.Further the Company has not given any loans or corporate guarantee or provided anysecurity during the year. Details of loans guarantees and investments covered under theprovisions of Section 186 of the Act are given in the notes to the financial statements.

9. DEPOSITS

The Company has not accepted deposits within the meaning of Section 73and 74 of the Act read with the Companies (Acceptance of Deposits) Rules 2014 during theyear and hence there were no outstanding deposits and no amount remaining unclaimed withthe Company as on 31st March 2022.

10. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

All Related Party Transactions that were entered into during thefinancial year were on arm's length basis in the ordinary course of business and were incompliance with the applicable provisions of the Act and the Listing Regulations.

There were no materially significant transactions with the relatedparties during the financial year which were in conflict with the interest of the Companyand details are provided in form AOC- 2 as "Annexure- A" to this report.

All Related Party Transactions are placed before the Audit Committeefor review and approval. Prior omnibus approval of the Audit Committee is obtained on anannual basis for the transactions which are planned/repetitive in nature and omnibusapprovals are taken as per the policy laid down for unforeseen transactions. Related PartyTransactions entered into pursuant to the omnibus approval so granted are placed beforethe Audit Committee for its review on a quarterly basis specifying the nature value andterms and conditions of the transactions. All the Related Party Transactions under IndAS-24 have been disclosed at note no.12 to the standalone financial statements formingpart of this Annual Report.

The Company has a policy on Related Party Transactions in place whichis in line with the Act and the Listing Regulations and the same is also available on theCompany's website at www.geekaywires.com.

11. INTERNAL FINANCIAL CONTROLS

The Company's internal financial control systems are commensurate withthe nature of its business and the size and complexity of its operations. The internalcontrol procedures have been planned and designed to provide reasonable assurance ofcompliance with various policies practices and statutes in keeping with theorganization's pace of growth and achieving its objectives efficiently and economically.

The internal controls and governance processes are duly reviewed fortheir adequacy and effectiveness through periodic audits by the Internal Audit department.Post-audit reviews are also carried out to ensure that audit recommendations areimplemented. The Audit Committee reviews the adequacy and effectiveness of the Company'sinternal control environment and monitors the implementation of audit recommendationsincluding those relating to strengthening of the Company's risk management policies andsystems. The ultimate objective being a Zero Surprise Risk Controlled Organization.

The Company periodically tracks all amendments to Accounting Standardsand makes changes to the underlying systems processes and financial controls to ensureadherence to the same. All resultant changes to the policy and impact on financials aredisclosed after due validation with the statutory auditors and the Audit Committee.Independence of the Internal Auditors is ensured by way of direct reporting to the AuditCommittee.

Further details of the internal controls system are given in theManagement Discussion and Analysis Report which forms part of this Annual Report.

12. DIRECTORS AND KEY MANAGERIAL PERSONNEL Directors Retire ByRotation:

In accordance with the provisions of the Companies Act 2013 and theArticles of Association of the Company Mr. Anuj Kandoi Director of the Company isliable to retire by rotation at the ensuing Annual General Meeting and being eligibleoffer himself for re-appointment. The Board of Directors recommends his reappointment.

Declaration From Independent Directors

The Company has received the following declarations from all theIndependent Directors confirming that:

1. The Independent Director(s) have submitted the declaration ofindependence pursuant to section 149(7) of the Act stating that he/they meet the criteriaof independence as provided in sub-section (6) of Section 149 of the Companies Act2013.There has been no change in the circumstances affecting their status as IndependentDirectors of the Company; and

2. They have registered themselves with the Independent Director'sDatabase maintained by the IICA.

None of the Directors of the Company are disqualified for beingappointed as Directors as specified in Section 164(2) of the Act and Rule 14(1) of theCompanies (Appointment and Qualification of Directors) Rules 2014.

Resignation and Appointment of Chief Financial Officer during the Year

During the period under review Mr. Ashish Kandoi Chief FinancialOfficer of the Company resigned from the post with effect from 08.03.2022. He confirmedthat there was no material reason for his decision to resign from the post of CFO ofGeekay Wires Limited.

The Board expressed its gratitude for the outstanding contribution byMr. Ashish Kandoi throughout his tenure at Geekay Wires Limited.

Mr. Abhijit Suresh Patki was appointed as Chief Financial Officer ofthe Company by the Board on March 30th 2022. Key Managerial Personnel

Mr. Ghanshyam Dass (Chairman & Managing Director) Mr. AshishKandoi (Whole Time Director) Mr. Anuj Kandoi (Whole Time Director) Mr. Abhijit SureshPatki (Chief Financial Officer) and Mr. Sonu Kumar (Company Secretary & ComplianceOfficer) are the Key Managerial Personnel of the Company as on March 31 2022.

*Ms. Apoorva Chaturvedi Company Secretary resigned with effect from18.09.2021 and the Board of Directors vide its meeting dated 20th September 2021 hasappointed Mr. Sonu Kumar as Company Secretary & Compliance Officer of the Company.

13. DETAILS OF REMUNERATION TO DIRECTORS

The Board has on the recommendation of Nomination and RemunerationCommittee framed a policy for selection and appointment of Directors Senior Managementand their remuneration. The information relating to remuneration of Directors and detailsof the ratio of the remuneration of each Director to the median employee's remunerationand other details as required pursuant to section 197(12) of the Act read along with Rule5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014are provided in "Annexure-C" to this Report.

14. GOVERNANCE AND COMPLIANCE

The Board of the Company has adopted Governance Guidelines on BoardEffectiveness. The Guidelines cover aspects related to composition and role of the BoardChairperson and Directors Board diversity definition of independence Director Termretirement age and Committees of the Board. It also covers aspects relating to nominationappointment induction and development of Directors Director remuneration Code ofConduct Board Effectiveness Review and mandates of Board Committees.

Procedure for Nomination and Appointment of Directors:

The Nomination and Remuneration Committee ('NRC') is responsible fordeveloping competency requirements for the Board based on the industry and strategy of theCompany. The Board composition analysis reflects in-depth understanding of the Companyincluding its strategies environment operations financial condition and compliancerequirements.

The NRC conducts a gap analysis to refresh the Board on a periodicbasis including each time a Director's appointment or re-appointment is required. TheCommittee is also responsible for reviewing the profiles of potential candidates vis-a-visthe required competencies and meeting potential candidates prior to makingrecommendations of their nomination to the Board.

At the time of appointment specific requirements for the positionincluding expert knowledge expected is communicated to the appointee.

During the year under review the Board has also identified the list ofcore skills expertise and competencies of the Board of Directors as are required in thecontext of the businesses and sectors applicable to the Company and mapped with each ofthe Directors on the Board. The same is disclosed in the Report of Corporate Governanceforming part of the Annual Report.

Criteria for Determining Qualifications Positive Attributes andIndependence of a Director:

The NRC has formulated the criteria for determining qualificationspositive attributes and independence of Directors in terms of provisions of Section 178(3)of the Act and Regulation 19 read with Part D of Schedule II of the Listing Regulations.

Independence: In accordance with the above criteria a Director will beconsidered as an 'Independent Director' if he/she meets with the criteria for 'IndependentDirector' as laid down in the Act and Rules framed thereunder and Regulation 16(1)(b) ofthe Listing Regulations.

Qualifications: A transparent Board nomination process is in place thatencourages diversity of thought experience knowledge perspective age and gender. It isalso ensured that the Board has an appropriate blend of functional and industry expertise.While recommending the appointment of a Director the NRC considers the manner in whichthe function and domain expertise of the individual will contribute to the overallskill-domain mix of the Board.

Positive Attributes: In addition to the duties as prescribed under theAct the Directors on the Board of the Company are also expected to demonstrate highstandards of ethical behavior strong interpersonal and communication skills and soundnessof judgment. Independent Directors are also expected to abide by the 'Code for IndependentDirectors' as outlined in Schedule IV to the Act.

Annual Evaluation of Board Performance and Performance of itsCommittees and of Directors:

Pursuant to the applicable provisions of the Act Listing Regulationsand Governance Guidelines the Board has carried out an annual evaluation of its ownperformance performance of the Directors as well as the evaluation of the working of itsCommittees.

The NRC has defined the evaluation criteria procedure and timeschedule for the Performance Evaluation process for the Board its Committees andDirectors.

The performance of the Board and individual Directors was evaluated bythe Board after seeking inputs from all the Directors. The performance of the Committeeswas evaluated by the Board after seeking inputs from the Committee Members.

The criteria for performance evaluation of the Board included aspectssuch as Board composition and structure effectiveness of Board processes contribution inthe long term strategic planning etc. The criteria for performance evaluation of theCommittees included aspects such as structure and composition of Committees effectivenessof Committee meetings etc. The above criteria for evaluation were based on the GuidanceNote issued by Securities and Exchange Board of India ('SEBI').

In a separate Meeting the independent Directors evaluated theperformance of Non-Independent Directors and performance of the Board as a whole. Theyalso evaluated the performance of the Chairperson taking into account the views ofExecutive Directors and Non-Executive Directors. The NRC reviewed the performance of theBoard its Committees and of the Directors.

The same was discussed in the Board Meeting that followed the Meetingof the independent Directors and NRC at which the feedback received from the Directors onthe performance of the Board and its Committees was also discussed.

The Secretarial and Legal functions of the Company ensure maintenanceof good governance within the organization.

They assist the business in functioning smoothly by being compliant atall times and providing strategic business partnership in the areas including legislativeexpertise corporate restructuring regulatory changes and governance.

15. REMUNERATION POLICY

The Company has adopted a Remuneration Policy for the Directors KeyManagerial Personnel and other employees pursuant to the provisions of the Act and theListing Regulations. The same is displayed on the website of the companywww.geekaywires.com.

16. BOARD AND COMMITTEE MEETINGS

During the year Sixteen Board Meetings and four Audit CommitteeMeetings were convened and held. The intervening gap between the Meetings was within theperiod prescribed under the Act. The details of Board Meetings and various CommitteeMeetings along with their composition and attendance are disclosed in the Report ofCorporate Governance forming part of the Annual Report as "Annexure - F".

17. DIRECTORS' RESPONSIBILITY STATEMENT

Based on the framework of internal financial controls and compliancesystems established and maintained by the Company work performed by the InternalStatutory Cost and Secretarial Auditors including audit of the internal financialcontrols over financial reporting by the Statutory Auditors and the reviews performed byManagement and the relevant Board Committees including the Audit Committee the Board isof the opinion that the Company's internal financial controls were adequate and effectiveduring FY 2021-22.

To the best of their knowledge and belief and according to theinformation and explanations obtained by them your Directors make the followingstatements in terms of Section 134(3)(c) of the Act:

(i) in the preparation of the annual accounts the applicableaccounting standards have been followed and that there are no material departures;

(ii) they have selected such 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 at the end of thefinancial year and of the profit of the Company for that period;

(iii) they have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Act for safeguardingthe assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) they have prepared the annual accounts on a going concern basis;

(v) they have laid down internal financial controls to be followed bythe Company and that such internal financial controls were adequate and were operatingeffectively;

(vi) they have devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.

18. CORPORATE SOCIAL RESPONSIBILITY

CSR isn't just a particular program it's what your Company do everyday maximizing positive impact on society and thus helping people to be happier. YourCompany undertook enumerable initiatives. The detailed Annual Report on our CSR activitiespursuant to Rule 8 of the Company's (Corporate Social Responsibility Policy) Rules 2014is given in Annexure "G" forming part of this Report.

19. EQUAL OPPORTUNITY & PREVENTION OF SEXUAL HARRASMENT

The Company has always provided a congenial atmosphere for work to allemployees that is free from discrimination of any kind. It has provided equalopportunities of employment to all without regard to nationality religion caste colourlanguage marital status and sex.The Company has also framed policy on .Preven tion ofSexual Harassment. at the workplace. We follow a gender-neutral approach in handlingcomplaints of sexual harassment and we are compliant with the law of the land wherever weoperate. With the objective of providing a safe working environment to all employees(permanent contractual temporary trainees) the company has formulated a policy thesaid policy is available on the website of the Company.

During the year under review the Company has not received anycomplaint.

20. VIGIL MECHANISM/WHISTLEBLOWER POLICY

As per the provisions of Section 177 (9) of the Act read withRegulation 22(1) of the Listing Regulations the Company is required to establish aneffective vigil mechanism for directors and employees to report genuine concerns. TheCompany has a Vigil Mechanism and a Whistleblower Policy in place to enable its Directorsemployees and its stakeholders to report their concerns if any. The said Policy providesfor :

(a) adequate safeguards against victimization of persons who use theVigil Mechanism; and

(b) direct access to the Chairperson of the Audit Committee of theBoard of the Company.

The Company believes in the conduct of the affairs of its constituentsby adopting the highest standards of professionalism honesty integrity and ethicalbehavior in line with the Company's Code of Conduct. All the stakeholders are encouragedto raise their concerns or make disclosures on being aware of any potential or actualviolation of the Code policies or the law.

Details of the Vigil Mechanism and Whistleblower policy are madeavailable on the company's website at https://www.geekaywires.com

21. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

No significant material orders have been passed by the Regulators orCourts or Tribunals which would impact the going concern status of the Company and itsfuture operations.

22. AUDIT AND AUDITORS

Statutory Auditors:

At the 29th AGM of the Company held on August 30 2018pursuant to the provisions of the Act and the Rules made thereunder M/s. M.M. Palod &Co. Chartered Accountants Hyderabad (Firm Registration No. 006027S) were appointed asStatutory Auditors of the Company from the conclusion of the 29thAnnual GeneralMeeting until the conclusion of 32ndAnnual General Meeting of the Company to beheld in the year 2021. The resolution for Auditor's re-appointment for further 5 years isset out in the Notice of the 32nd Annual General Meeting for the approval of the Members.

The Audit Report of M/s. M.M. Palod & Co. Chartered AccountantsHyderabad on the Financial Statements of the Company for FY 2021-22 is a part of theAnnual Report. The Report does not contain any qualification reservation adverse remarkor disclaimer.

Cost Auditors:

The Company is required to maintain cost records as specified by theCentral Government as per Section 148(1) of the Act and the rules framed thereunder andaccordingly the Company has made and maintained such cost accounts and records.

Your company has appointed M/s. KJU & Associates (FRN 000474) asCost Auditors to give cost audit report for F.Y 2021-22. The report of the Cost Auditorsfor the F.Y 2021-22 is enclosed as "Annexure- I". There has been noqualification reservation adverse remark or disclaimer given by the Cost Auditors intheir Report.

In terms of Section 148 of the Act read with Companies (Cost Recordsand Audits) Rules 2014 the Audit Committee recommended and the Board of Directorsre-appointed M/s. KJU & Associates (FRN 000474) being eligible to conduct CostAudits of the Company for the year ending March 31 2023.

The Company has received their written consent and confirmation thatthe appointment will be in accordance with the applicable provisions of the Act and rulesframed thereunder.

The remuneration payable to Cost Auditors has been approved by theBoard of Directors on the recommendation of the Audit Committee and in terms of the Actand Rules therein. The Members are therefore requested to ratify the remuneration payableto M/s. KJU & Associates as set out in the Notice of the 33rdAGM of theCompany.

Secretarial Auditors:

In terms of Section 204 of the Act and the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 CS Kashinath Sahu Proprietor ofKashinath Sahu & Co Company Secretaries in Practice (CP No. 4807) Hyderabad havebeen appointed as Secretarial Auditors of the Company.

The report of the Secretarial Auditors is enclosed as"Annexure-H". There has been no qualification reservation adverse remark ordisclaimer given by the Secretarial Auditors in their Report.

23. REPORTING OF FRAUDS BY AUDITORS

During the year under review the Statutory Auditors Cost Auditors andSecretarial Auditors have not reported any instances of frauds committed in the Company byits Officers or Employees to the Audit Committee under Section 143(12) of the Actdetails of which needs to be mentioned in this Report.

24. WEB ADDRESS FOR ANNUAL RETURN

The Annual Return of the Company pursuant to Section 92(3) of theCompanies Act 2013 is available on the website of the Company i.e. www.geekaywires.comunder the Investors Section. The MGT-9 is also annexed to this Annual Report as "Annexure - B".

25. SECRETARIAL STANDARDS OF ICSI

The Directors have devised proper systems and processes for complyingwith the requirements of applicable Secretarial Standards issued by the Institute ofCompany Secretaries of India ('ICSI') and that such systems were adequate and operatingeffectively.

26. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUTGO

The information on conservation of energy technology absorption andforeign exchange earnings and outgo stipulated under Section 134(3)(m) of the Act readwith Rule 8 of The Companies (Accounts) Rules 2014 is attached as "Annexure-D"to this report.

27. PARTICULARS OF EMPLOYEES AND REMUNERATION

There are two employees drawing remuneration in excess of the limitsprescribed under Rule 5(2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014. Information as required under the provisions of Rules 5(2) &5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014are set out in Directors' Report as "Annexure- C".

28. MANAGEMENT DISCUSSION AND ANALYSIS

The Management Discussion and Analysis Report as required under theListing Regulations forms part of the Annual Report as "Annexure-E".

29. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND

Your Company did not have any funds lying unpaid or unclaimed for aperiod of last seven years. Therefore there were no funds which were required to betransferred to Investor Education and Protection Fund (IEPF).

30. POLICY ON PRESERVATION OF THE DOCUMENTS

The Company has formulated a Policy pursuant to Regulation 9 of theSecurities Exchange Board of India (Listing obligations and Disclosure Requirements)Regulations 2015 ("Regulations") on Preservation of the Documents to ensuresafe keeping of the records and safeguard the Documents from getting manhandled while atthe same time avoiding superfluous inventory of Documents.

31. POLICY ON CRITERIA FOR DETERMINING MATERIALITY OF EVENTS

The Policy is framed in accordance with the requirements of theRegulation 30 of Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015 (Regulations). The objective of the Policy isto determine materiality of events or information of the Company and to ensure that suchinformation is adequately disseminated in pursuance with the Regulations and to provide anoverall governance framework for such determination of materiality. The policy isdisplayed at the company website www.geekaywires.com

32. CORPORATE GOVERNANCE

Your Company believes in conducting its affairs in a fair transparentand professional manner and maintaining the good ethical standards transparency andaccountability in its dealings with all its constituents. As required under the SEBI(Listing Obligations and Disclosure Requirements) Regulations 2015 a detailed report onCorporate Governance along with the Auditors' Certificate thereon is enclosed as per"Annexure- F" to this report.

33. INSIDER TRADING REGULATIONS

The requirements under SEBI (Prohibition of Insider Trading)Regulations 1992 read with SEBI (Prohibition of Insider Trading) Regulations 2015 asamended from time to time the code of conduct for prevention of insider trading and theCode for Corporate Disclosures ("Code") as approved by the Board from time totime are in force by the Company. The objective of this Code is to protect the interestof shareholders at large to prevent misuse of any price sensitive information and toprevent any insider trading activity by dealing in shares of the Company by its Directorsdesignated employees and other employees.

The Company also adopts the concept of Trading Window Closure toprevent its Directors Officers designated employees and other employees from trading inthe securities of Geekay Wires Limited at the time when there is unpublished pricesensitive information.

34. DEPOSITORY SYSTEM

As the Members are aware your Company's shares are trade-ablecompulsorily in electronic form and your Company has established connectivity with bothNational Securities Depository Limited (NSDL) and Central Depository Services (India)Limited (CDSL). In view of the numerous advantages offered by the depository system themembers are requested to avail the facility of Dematerialization of the Company's shareson NSDL & CDSL. The ISIN allotted to the Company's Equity shares is INE669X01016.

35. PARTICULARS OF INTER CORPORATE LOANS GUARANTEES OR INVESTMENTS

The particulars of Inter Corporate Loans and investments of the Companyhave been provided in the Notes to the Financial Statements.

36. STATUS OF LISTING FEES

Listing Fees for the Financial Year 2020-21 have been duly paid NSEwhere Company's shares are listed and there are no dues outstanding and payable.

37. ACKNOWLEDGEMENTS

The Directors hereby acknowledge the dedicated and loyal servicesrendered by the employees of the Company during the year. They would also like to place onrecord their appreciation for the continued co-operation and support received by theCompany during the year from bankers financial institutions Government authoritiesbusiness partners shareholders and other stakeholders without whom the overallsatisfactory performance would not have been possible.

Place: Hyderabad For and on behalf of the Board of Directors M/s Geekay Wires Limited
Date: 02-09-2022 (Ghanshyam Dass) Chairman & Managing Director (Ashish Kandoi) Whole Time Director

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