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Kajaria Ceramics Ltd.

BSE: 500233 Sector: Consumer
NSE: KAJARIACER ISIN Code: INE217B01036
BSE 16:01 | 08 Feb 1109.30 13.10
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NSE 15:59 | 08 Feb 1110.40 10.30
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OPEN 1100.05
PREVIOUS CLOSE 1096.20
VOLUME 1330
52-Week high 1306.75
52-Week low 886.05
P/E 51.07
Mkt Cap.(Rs cr) 17,660
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1100.05
CLOSE 1096.20
VOLUME 1330
52-Week high 1306.75
52-Week low 886.05
P/E 51.07
Mkt Cap.(Rs cr) 17,660
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kajaria Ceramics Ltd. (KAJARIACER) - Director Report

Company director report

Dear Shareholders

Your Directors are pleased to present the 35th Annual Report together withthe audited financial statements of your Company for the financial year ended 31stMarch 2021.

FINANCIAL RESULTS

The Company's financial performance for the year ended on 31st March 2021 issummarized below: B ( in Crores)

Standalone Consolidated
Particular Year ended 31st March 2021 Year ended 31st March 2020 Year ended 31st March 2021 Year ended 31st March 2020
Revenue from Operations 2523 2572 2781 2808
Profit Before Other Income Exceptional Items Depreciation Interest and taxes 433 376 509 416
Profit before Tax 406 339 413 312
Tax Expense 104 60 104 59
Profit After Tax (before Minority interest) 302 279 309 253
Minority Interest - - (1) (2)
Profit After Tax (after Minority interest) 302 279 308 255

Financial highlights and state of Affairs of the Company

In an unusual year Kajaria demonstrated its resilience to report a good performance inthe face of unprecedented headwinds. A tepid start owing to the pandemic was followed byan unexpected upsurge in demand that sustained through most part of the second half of theyear. Prudently prepared for this sudden shift in gears Kajaria remained committed todelivering value to its customers and creating wealth for its shareholders. Despite amarginal dip of 1% in revenue from operations Net Profit increased by 21%. The Companyreported a Net Profit in excess of A300 Crore for the first time in its history.

The State of Affair of the Company is detailed in the ‘Management Discussion andAnalysis' section which forms part of this report.

Outlook

The start to the new fiscal almost mirrored with that of FY21. The only difference wasthat the second wave was even more aggressive in its spread and fatal in its consequence.Even as the country endured the pain of immense loss of lives and livelihood theresurgent Indian flattened the pandemic curve in a shorter time span. The journey ofeconomic progress has restarted once again. The uptick in consumer confidence has helpedin kick starting commercial activity. Moreover the aggressive vaccination drive acrossdistricts and cities suggest that India should be lesser impacted for a third wave ifany. Moreover with the Morbi cluster focused on exports the vacuum created in thedomestic market augurs well for the national brands to widen their presence and increasemarket share. Additionally the Government thrust on investment in infrastructure creationis expected to open new growth vistas. Over the medium term the growing prevalence andincreasing acceptance of working from anywhere culture promises to reduce urbanization.The workforce would prefer to stay in Tier II III and IV towns. These towns could thenemerge as new construction hubs dotting the Indian landmass. When this transpires demandfor tiles the preferred flooring and cladding solution will continue to move northward.

Dividend

The Board of Directors of the Company had declared Interim Dividend of B 10/- (i.e.1000%) per equity share for the year ended 31st March 2021 at their meetingheld on 21st January 2021 and accordingly during the year 2020-21 theCompany had paid the Interim Dividend for the year ended 31st March 2021aggregating to B159.08 Crores. The said Interim Dividend shall be deemed to be FinalDividend for the financial year ended 31st March 2021. In view of same yourDirectors have not recommended final dividend for the financial year ended on 31stMarch 2021.

Consolidated Financial Statements

The Company adopted Indian Accounting Standard (Ind-AS) from 1st April 2016and accordingly the Consolidated Financial Statements have been prepared in accordancewith the Accounting Standard notified under Section 133 of the Companies Act 2013(‘the Act') and the relevant rules issued thereunder read with the SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 (‘ the ListingRegulations') and the other accounting principles generally accepted in India. TheConsolidated Financial Statements form part of the Annual Report. During the year underreview there are no material changes and commitments affecting the financial position ofthe company and also no change in the nature of business of the company.

Holding Subsidiaries Associate Joint Venture Companies and their performance

During the year under review no new company has become or ceased as subsidiary of theCompany. A report on performance and financial position (Form AOC-1) of each of thesubsidiaries as per the Act is provided as Annexure-1.

Share Capital

The Authorised Share Capital of the Company is B1291000000 (Rupees One HundredTwenty Nine Crores Ten Lakh only) divided into 520000000 (Fifty Two Crores) EquityShares of B 1/- each (Rupee One) aggregating to B520000000 (Rupees Fifty Two CroresOnly) and 7710000 (Seventy Seven Lakhs Ten Thousand

Only) Redeemable Preference Shares of B100/- each (Rupees One Hundred Only) aggregatingto B 771000000 (Rupees Seventy Seven Crores Ten Lakh Only).

During the year 2020-21 the Company's paid up share capital has been increased byissue of 123800 equity shares of B 1/- each pursuant to the Kajaria Ceramics EmployeeStock Option Plan 2015. Accordingly the paid up share capital of the Company as on 31stMarch 2021 was 159081000 equity shares of B 1 each. After the closure of thefinancial year 2020-21 the Company's paid up share capital has further been increased byissue of 86350 equity shares of B 1/- each pursuant to the Kajaria Ceramics EmployeeStock Option Plan 2015. Thus presently the paid up share capital of the Company is159167350 equity shares of B1 each.

The Company has not issued shares with differential voting rights or sweat equityshares during the year 2020-21. As on 31st March 2021 none of the Directorsof the Company hold any instruments convertible into equity shares of the Company.

Employee Stock Option Scheme

Kajaria Ceramics Employee Stock Option Plan 2015 (‘The ESOP Plan 2015') wasapproved by the shareholders of the Company on 7th September 2015 for issueand allotment of options exercisable into not more than 1062000* equity shares of B1each (Originally the ESOP Plan 2015 was for 531000 equity shares of B2 each) to eligibleemployees of the Company and its subsidiaries. The ESOP Plan 2015 is administered by theNomination and Remuneration Committee of the Board of Directors (‘the Board') of theCompany. On 20th October 2015 the Nomination and Remuneration Committee of theCompany had granted 458000* equity shares of B 1 each (‘Stock option') to theemployees of the Company and its subsidiaries. 137700 equity shares of B 1 each (11700equity shares during the year 2020-21 29000 equity shares during the year 2019-2044000 equity shares during the year 2018-19 13000 equity shares during the year 2017-18and 40000 equity shares during the year 2016-17) had been forfeited/lapsed due toresignation/death of ESOP Option holders. Details regarding the ESOP Plan 2015 are givenat Note No. 43 to the financial statements. During the year under review there are nomaterial changes in the ESOP Plan 2015 and the same is in compliance with the SEBI (ShareBased Employee Benefits) Regulations 2014 (‘ESOP Regulations'). The disclosuresunder Regulations 14 of ESOP Regulations is uploaded on the Company's website viz.:https://www.kajariaceramics.com/pdf/disclosure_pursuantfito_ sebi_2020_21.pdf

* During the year 2016-17 equity shares of the Company had been sub-divided from B2per share to B1 per share.

Transfer to Reserves

During the year under review there is no transfer of fund to the Company's GeneralReserve Account.

Directors' Responsibility Statement

In terms of the provisions of the Companies Act 2013 the Directors confirm that: i)In the preparation of the annual accounts for the year ended on 31st March2021 the applicable accounting standards have been followed and no material departureshave been made from the same; ii) Appropriate accounting policies have been selected andapplied consistently and judgments and estimates made are reasonable and prudent so as togive a true and fair view of the state of affairs of the Company as on 31stMarch 2021 and of the profit of the Company for the period ended 31st March2021; iii) Proper and sufficient care has been taken for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities; iv) The annual accounts have been prepared on a going concern basis; v)The Company is following up the proper Internal financial controls and such internalfinancial controls are adequate and are operating effectively; and vi) The Company hasdevised proper systems to ensure the Compliance with the provisions of all the applicablelaws and that such systems are adequate and operating effectively.

Corporate Governance

The Company has complied with the Corporate Governance requirements as stipulated inthe Listing Regulations. A separate section on corporate governance along with acertificate from M/s Chandrasekaran Associates Practicing Company Secretary confirmingthe compliance is annexed and forms part of the Annual Report.

Management Discussion and Analysis Report

Management Discussion and Analysis on matters related to the business performance asstipulated in the Listing Regulations is given as a separate section in the Annual Report.

Related Party Transactions

For all related party transactions prior omnibus approvals of the Audit Committee andthe Board of Directors as may be required under the applicable laws are usually obtainedon yearly basis which are of a foreseen and repetitive nature and such approval is in theinterest of the Company. The transactions entered into pursuant to the omnibus approvalsso granted are placed before the Audit Committee by way of a statement giving details ofall related party transactions for its review. All related party transactions aredisclosed in Note No. 40 to the financial statements. Material related party transactionswith subsidiaries which are at arm's length price are disclosed in Form AOC-2 annexed as Annexure-2. The Related Party Transactions Policy is uploaded on the Company's website i.e.https://www. kajariaceramics.com/pdf/RelatedPartyTransactionPolicy.pdf

Corporate Social Responsibility Initiatives

In terms of provisions of Section 135 of the Companies Act 2013 (‘the Act') readwith the Companies (Corporate Social Responsibility Policy) Rules 2014 [‘the CSRRules'] the Company has formulated a Corporate Social Responsibility Policy (‘CSRPolicy') indicating the activities to be undertaken by the Company. The constitution ofthe Corporate Social Responsibility Committee (‘CSR Committee') is disclosed in theAnnual Report on CSR Activities as an Annexure-3 of this report.

The Board at its meeting held on June 14 2021 has approved the revised CSR Policy ofthe Company as per the amendments in Section 135 and other applicable provisions if anyof the Act read with CSR Rules notified on 22nd January 2021 The CorporateSocial Responsibility (‘CSR') Policy may be accessed on the Company's website i.e.https://www.kajariaceramics.com/ pdf/CSR_Policy.pdfYourCompanystrivestomakeadifferenceinthelivesofpeoplewith a special focus on neighbouringand local areas of the Company's manufacturing locations. Your Company has implementedvarious CSR programmes / projects which made positive impacts mainly in the areas ofhealth sanitation conservation of natural resources social relief promoting sportsrural development and education etc. During the year under review the CSR programmesinitiated by the Company includes taking steps for Swachh Bharat preventive health careconstructing sanitation facilities in the schools etc. near the manufacturing facilitiescontributing to the education and social economic development of under privileged childrenand for rural area development. These CSR initiatives are implemented directly and throughvarious trusts / societies / NGOs. These projects are also in accordance with Schedule VIIof the Act.

The Annual Report on CSR activities as prescribed under the CSR Rules is set out as Annexure-3forming part of this Report. The

Company had incurred CSR expenditure of B 666 Lakhs during the year 2020-21. Theremaining amount of the CSR budget for the financial year 2020-21 (i.e. B 67 Lakhs)pertains to the ongoing CSR projects/activities which is to be incurred during thefinancial year 2021-22 and onwards in accordance with the provisions of the Act read withthe CSR Rules.

The unspent amount of B 67 Lakhs which pertains to unspent CSR amount for the financialyear 2020-21 towards ongoing CSR projects/activities had been carried over to thefinancial year 2021-22 and onwards in accordance with the provisions of the Actread with the CSR Rules.

Scheme of Amalgamation

A Scheme of Arrangement adopted by the Board of the Company (‘the Board') duringthe year 2019-20 which provides for inter-alia the amalgamation of Kajaria TilesPrivate Limited (Formerly known as Kajaria Floera Ceramics Private Limited) wholly-ownedsubsidiary with the Company with appointed date as 1st April 2019(‘Scheme') and the same was filed before the Hon'ble National Company Law TribunalChandigarh Bench (‘NCLT') vide application dated 26th September 2019 forapproval under Sections 230-232 read with other applicable provisions of the CompaniesAct 2013 and the Companies (Compromises Arrangements and Amalgamations) Rules 2016. TheCompany had received the order dated 3rd February 2020 from the NCLT withrespect to the first motion application filed by the Company. The Company has filed theSecond Motion Application with the NCLT and the same is pending before the NCLT.

Risk Management

Your Company understands the importance of various risks faced by it and has adopted aRisk Management Policy which establishes various levels of accountability within theCompany. The Company has also constituted a Risk Management Committee which ensures thatthe Company has appropriate and effective risk management systems which carries out riskidentification assessment and ensures that risk mitigation plans are in place. The RiskManagement Committee identifies from time to time various risks to which the Company issubject to and has accordingly aligned the concerned departments to take the necessarymitigating steps. Risk management has been interlinked with the annual planning exercisewhere each function and business carries out fresh risk identification assessment anddraws up treatment plans.

A Risk Management Policy in terms of provisions of Section 134(3) (n) of the CompaniesAct 2013 read with the Listing Regulations is in place and is uploaded on the Company'swebsite i.e. https:// www.kajariaceramics.com/pdf/Risk_Management_Policy.pdf

Internal Control Systems and their adequacy

The Company believes in a strong internal control framework which is necessary forbusiness efficiency management effectiveness and safeguarding assets. The Company has awell-defined internal control system in place which is designed to provide reasonableassurance related to operation and financial control. The Management of the Company isresponsible for ensuring that Internal Financial Control has been laid down in the Companyand that controls are adequate and operating adequately.

Internal Audit of the Company's operations are carried out by the Internal Auditors andperiodically covers different areas of business. The audit scope mythology to be usedreporting framework are defined well in advance subject to consideration of the AuditCommittee of the Company. The Internal Auditors evaluates the efficacy and adequacy ofinternal control system its compliance with operating systems and policies of the Companyand accounting procedures at all the locations of the Company. Based on the report of theInternal Auditors process owners undertake corrective action in their respective areasand thereby strengthen the controls. Significant audit observations and corrective actionsthereon are placed before the Audit Committee of the Company. The Internal Audit alsocontinuously evaluates the various processes being followed by the Company and suggestsvalue addition to strengthen such processes and make them more effective.

Internal Controls with respect to financial statements

The Company has an adequate system of internal financial control in place withreference to financial statements. The Company has policies and procedures in place forensuring proper and efficient conduct of its business the safeguarding of its assets theprevention and detection of frauds and errors the accuracy and completeness of theaccounting records and the timely preparation of reliable financial information.

Directors and Key Managerial Personnel

The term of Mr. Ashok Kajaria as the Chairman & Managing Directors of the Companyexpired on 31st March 2021. The Board has re-appointed him as the Chairman& Managing Director of the Company for the further period of five (5) years w.e.f. 1stApril 2021 to 31st March 2026 subject to the approval of members of theCompany at the ensuing Annual General Meeting (‘AGM') of the Company.

The terms of Mr. Chetan Kajaria and Rishi Kajaria as the Joint Managing Directors ofthe Company expired on 31st March 2021. The Board has re-appointed them as theJoint Managing Directors of the Company for the further period of five (5) years w.e.f. 1stApril

2021 to 31st March 2026 subject to the approval of members of the Companyat the ensuing AGM of the Company.

Mr. Dev Datt Rishi who is liable to retire by rotation has offered himself forre-appointment as the Director at the ensuing AGM of the Company. The Board recommends forhis re-appointment in the ensuing AGM of the Company.

Subject to the approval of shareholders by way of a special resolution it is alsoproposed to appoint Mr. Dev Datt Rishi as the Independent Director for a period effectivefrom the conclusion of the 35th Annual General Meeting of the Company upto theconclusion of the 39th Annual General Meeting of the Company. The requisitedisclosures/declarations including a declaration that he meets the criteria forindependence as provided in Section 149(6) of the Act read with the Listing Regulationshave been received.

The Nomination and Remuneration Committee and the Board have also recommendedappointment of Mr. Dev Datt Rishi for the above said period.

During the above said proposed term age of Mr. Dev Datt Rishi will also exceed 75years. Accordingly approval of members of the Company by way of a special resolutionwould also be required for the above purpose.

All Independent Directors of the Company have given declarations that they meet thecriteria of independence as prescribed under Section 149(6) of the Companies Act 2013read with Regulations 16(1)(b) & 25(8) of the Listing Regulations and in the opinionof the Board of the Company all Independent Directors of the Company have integrityexpertise experience as prescribed under the Companies (Appointment and Disqualificationof Directors) Rules 2014 read with the Companies (Accounts) Rules 2014 (includingamendment thereof ).

All Directors of the Company have also given declarations that they are not debarredfrom holding the office of Director by virtue of any SEBI order or any other suchstatutory authority as required under the Circular dated 20th June 2018 issuedby BSE Limited and National Stock Exchange of India Limited.

Further there is no change in the composition of Key Managerial Personnel of theCompany.

Performance Evaluation

The Board has on recommendation of the Nomination and Remuneration Committee and inline with the Nomination and Remuneration Policy of the Company carried out an annualperformance evaluation of the Board as a whole its Committees and all Directors includingthe Chairman.

The manner in which the annual performance evaluation has been carried out has beenexplained in the Corporate Governance Report.

Nomination and Remuneration Policy

On the recommendation of the Nomination and Remuneration Committee the Board hasframed a policy for selection and appointment of Directors Senior Management includingKey Managerial Personnel and other Senior Management and their remuneration. TheNomination and Remuneration Policy includes the criteria for determining qualificationpositive attributes independence etc. is placed on the Company's website i.e. https://www.kajariaceramics.com/pdf/Nomination_Remuneration_ Policy.pdf Details of remunerationunder Section 197 of the Companies Act 2013 and read with Rule 5(1) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 is stated in Annexure-4 which forms part of this report.

Statutory Audit

M/s Walker Chandiok & Co LLP Chartered Accountants (Firm Registration Number001076N/N500013) the Statutory Auditors of the Company has given their report on thefinancial statements of the Company for the financial year ended 31st March2021 which forms part of the Annual Report. There is no qualification reservationadverse remark comments observations or disclaimer given by the Statutory Auditors intheir report. There were no frauds reported by the Statutory Auditors under Section143(12) of the Companies Act 2013.

M/s Walker Chandiok & Co LLP Chartered Accountants had been appointed as theStatutory Auditors of the Company at the 31st AGM of the Company held on 10thAugust 2017 for a period of five years effective from the conclusion of the 31stAGM of the Company upto the conclusion of the 36th AGM of the Company subjectto ratification by the shareholders of the Company at each AGM of the Company.

The shareholders of the Company had at the 32nd AGM of the Company held on27th August 2018 approved that the annual ratification of appointment of M/sWalker Chandiok & Co LLP Chartered Accountants for their remaining term shall bedone if so required under the Companies Act 2013. The provisions of the Companies Act2013 now does not require the said annual ratification of the Statutory Auditors of theCompany.

M/s Walker Chandiok & Co LLP Chartered Accountants are eligible to continue as theStatutory Auditors of the Company for the remaining term in accordance with the provisionsof the Companies Act 2013 read with rules made thereunder and applicable laws.

Secretarial Audit

Pursuant to the provisions of Section 204 of the Companies Act 2013 read with theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 M/sChandrasekaran Associates Company Secretaries Delhi were appointed as the SecretarialAuditors to undertake the Secretarial Audit of the Company for the year ended 31stMarch 2021. The Report of the Secretarial Audit is annexed herewith as Annexure 5.

There are no qualifications reservations adverse remarks comments observations ordisclaimer made by the Secretarial Auditors in their report. There were no frauds reportedby the Secretarial Auditors under Section 143(12) of the Companies Act 2013.

Disclosures under the Companies Act 2013 and rules made thereunder: Annual Return

The Annual Return in Form MGT-7 is available at https://www.kajariaceramics.com/pdf/Annual_Return_Form_MGT_7_2020-21.pdf.

Compliance of the Secretarial Standards

During the year under review the Company has complied with the applicable provisionsof the Secretarial Standard on meetings of the Board of Directors (‘SS-1') and theSecretarial Standard on General Meetings (‘SS-2') issued by the Institute of CompanySecretaries of India.

Particulars of Loans Guarantees and Investments

Particulars of Loans Guarantees and Investments covered under the provisions ofSection 186 of the Companies Act 2013 are given in the Notes Nos. 6 7 38 and 40 to theFinancial Statements.

Conservation of energy technology absorption and foreign exchange earnings & outgo

The particulars relating to conservation of energy technology absorption foreignexchange earnings and outgo as required to be disclosed under the Companies Act 2013 areprovided in Annexure - 6 to this report.

Meetings of Board

The Board of the Company met four (4) times during the financial year 2020-21 on 26thJune 2020 7th August 2020 20th October 2020 and 21stJanuary 2021. Details of the meetings of the Board of Directors held during the financialyear 2020-21 and attendance thereof is disclosed in the Corporate Governance Report.

Audit Committee

The Composition of Audit Committee is disclosed in the Corporate Governance Report. Allthe recommendations made by the Audit Committee were accepted by the Board.

Vigil Mechanism

The Company has established a Vigil Mechanism for the Directors and Employees of theCompany by adopting the Whistle Blower Policy to report about the genuine concernsunethical behaviour fraud or violation of Company's Code of Conduct and leakage/suspected leakage of Unpublished Price Sensitive Information with respect to the Company.The Whistle Blower Policy may be accessed on the website of the Company i.e. https://www.kajariaceramics.com/pdf/whistel_blowing_policy.pdf

Maintenance of Cost Records

The Company is not required to maintain of cost records as per sub-section (1) ofSection 148 of the Companies Act 2013.

Sexual Harassment of Women at Workplace (Prevention Prohibition & Redressal) Act2013

The Company has in place a Policy on Prevention of Sexual Harassment at the Workplacein line with the requirements of the Sexual Harassment of Women at Workplace (PreventionProhibition & Redressal) Act 2013. This Policy may be accessed on the Company'swebsite i.e. https://www.kajariaceramics.com/pdf/prevention_of_sexual_harassmentfiat_workplace.pdf Internal Complaints Committee has beenset up to redress complaints received regarding sexual harassment. All employees(Permanent Contractual Temporary and Trainees) are covered under this Policy. TheCompany has not received any sexual harassment complaints during the year 2020-21.

Particulars of Employees

The information required pursuant to Section 197 of the Companies Act 2013 read withRule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 in respect of employees of the Company is attached as Annexure- 7 to thisReport.

Deposits

The Company did not invite/accept any deposit within the meaning of Section 73 of theCompanies Act 2013 and the rules made thereunder.

Proceeding under Insolvency and Bankruptcy Code 2016

No application or any proceeding has been filed against the Company under theInsolvency and Bankruptcy Code 2016 during the financial year 2020-21.

Details of difference between amount of the valuation done at the time of one-timesettlement and the valuation done while taking loan from the banks or financialinstitutions along with the reasons thereof

The Company has not made any one-time settlement therefore the same is notapplicable.

Significant and material orders passed by the regulators or courts or tribunals

There is no significant and material order passed by the regulators or courts ortribunals impacting the going concern status and the Company's operations in future.

Cautionary Statement

Statements in this ‘Director's Report' & ‘Management Discussion andAnalysis' describing the Company's objectives projections estimates expectations orpredictions may be forward looking statements within the meaning of applicable securitieslaws and regulations. Actual results could differ materially from those expressed orimplied. Important factors that could make difference to the Company's operationsincluding raw material/ fuel availability and its prices cyclical demand and pricing inthe Company's principle markets changes in the Government regulations tax regimeseconomic developments within India and the countries in which the Company conductsbusiness and other ancillary factors.

Appreciation and Acknowledgement

The Directors take this opportunity to express their deep sense of gratitude to theBanks Central and State Governments and their Departments and the Local Authorities fortheir continued guidance and support.

Your Directors would also like to record its appreciation for the support andcooperation your Company has been receiving from its suppliers dealers business partnersand others associated with the Company.

Your Directors place on record their sincere appreciation to the employees at alllevels for their hard work dedication and commitment. The enthusiasm and unstintingefforts of the employees have enabled the Company to remain as industry leader.

And to you our shareholders we are deeply grateful for the confidence and faith thatyou have always reposed in us.

For and on Behalf of Board
Ashok Kajaria
Place: New Delhi Chairman & Managing Director
Date: 3rd August 2021 DIN: 00273877

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