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Meenakshi Enterprises Ltd.

BSE: 538834 Sector: Financials
NSE: N.A. ISIN Code: INE242Q01016
BSE 00:00 | 07 Dec 6.26 0






NSE 05:30 | 01 Jan Meenakshi Enterprises Ltd
OPEN 6.58
52-Week high 20.70
52-Week low 5.89
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.58
CLOSE 6.26
52-Week high 20.70
52-Week low 5.89
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Meenakshi Enterprises Ltd. (MEENAKSHIENTER) - Director Report

Company director report

Dear Members

We are pleased to present the report on our business and operations for the year ended31st March 2017.

1. Results of our Operations:

The Company's financial performance for the year ended 31st March 2017 is summarisedbelow;

Amount in Lacs

Particulars FY 2016-2017 FY 2015-2016
Revenue from Operations 277.05 206.38
Other Income 0.01 0.58
Total Income 277.06 206.96
Total Expenses 254.70 275.04
Profit Before Tax & Extraordinary Items 22.36 (68.09)
Tax Expense
-Current Tax 6.70 -
-Deferred Tax Liability/(Assets) (0.31) (0.27)
-Excess Provision for Tax Written Back - -
Net Profit/Loss for the Year 15.96 (67.82)

a. Review of operations and affairs of the Company:

During the year under review the Company has earned profit before InterestDepreciation and Tax of Rs. 24.41 lacs as compared to the loss of Rs. 66.22 lacs in theprevious year. The net profit for the year under review has been Rs15.96 Lacs as comparedto the previous year's net loss of Rs. 67.82 lacs. Your Directors are continuously lookingfor avenues for future growth of the Company in the Finance Industry.

b. Dividend:

Your Directors do not recommend any dividend for the year under review because of thelosses suffered by the Company.

c. Transfer to Reserves if any.

Out of the Net Profit of Rs. 1596136/- for the FY 2015-2016 Rs. 319227/- has beentransferred to Statutory Reserve A/c in compliance with the Section 45 IC (i) of theReserve Bank Act 1934 and balance is retained as Surplus.

d. Deposits:

During the year under review your company has not accepted any deposits from thepublic within the meaning of section 76 of the Companies Act 2013 and the rules thereunder. There are no public deposits which are pending for repayment.

e. Particulars of loans guarantees or investments:

As provisions of section 186 of the Companies Act 2013 is not application to NBFCCompany the disclosure under Section 186 of the Companies Act 2013 has not been made.

f. Particulars of contracts or arrangements made with related parties:

The company has not entered in to any contracts or arrangements with related partiesreferred to in section 188(1) of the Companies Act 2013 during the financial year underreview. The Policy on Related Party Transaction is available on our g. Variation in market Capitalization:

During the year under review the variation in the Market Capitalization of the Companywas as follows:

Particulars As at 31st March 2017 As at 31st March 2016 Increase / Decrease
in %
Market Value per share 305.04 303.2 0.73
No. of Shares 12400000 12400000 -
Market Capitalization 3786960000 3759680000 0.73
EPS 0.13 -0.55 -
Price earnings ratio - - -
Percentage increase/decrease in the Market Price of the Shares in comparison with the last Preferential issue1 2676.36

1 The Preferential issue of the Company in the FY 2013-2014 was brought out at a rateof Rs. 10/- per share with a premium of Rs.1/- per share.

h. Management's Discussion and Analysis:

Management's Discussion and Analysis Report for the year under review as stipulatedunder

Schedule V (B) and Regulation 34(2)(e)of the SEBI(Listing Obligations and DisclosureRequirements) Regulations 2015 is appended as Annexure I to this report.

i. Director's Responsibility Statement:

Pursuant to Section 134(3) (c) and Section 134(5) of the Companies Act 2013 the Boardof Directors to the best of their knowledge and ability confirm that:

(i) in the preparation of the annual accounts the applicable accounting standards havebeen followed and there are no material departures;

(ii) 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 and ofthe profit and loss of the Company for that period;

(iii) the directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013(erstwhile Companies Act 1956) for safeguarding the assets of the Company and forpreventing and detecting fraud and other irregularities;

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

(v) the directors have laid down internal financial controls to be followed by theCompany and such internal financial controls are adequate and operating effectively;

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

j. Recommendations of the Audit Committee:

During the year under review all the recommendations made by the Audit Committee wereaccepted by the Board.

2. Human Resource Management:

To ensure good human resources management at Meenakshi Enterprises Limited we focus onall aspects of the employee lifecycle. This provides a holistic experience for theemployee as well. During their tenure at the Company employees are motivated throughvarious skill-development engagement and volunteering programs. All the while we createeffective dialogs through our communication channels to ensure that the feedback reach therelevant teams including the leadership.

a. Particulars of employees:

The table containing the details of remuneration of Directors and Employees inaccordance with the provisions of Section 197(12) of the Companies Act 2013 read withRule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 is appended as Annexure II to this report.

There are no employees who were in receipt of remuneration in excess of the ceilingprescribed in the Rule 5(2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014.

The Disclosure with respect to details of the Top 10 employees as on 31st March 2017in pursuance to Rule 5(2) & Rule 5(3) of the Companies (Appointment and Remunerationof Managerial Personnel) Rules 2014 are as mentioned below:

Name of the Employee Babu Madhurai Muthu
Age 32 Years
Designation Chief Financial Officer
Nature of Employment Permanent
Salary drawn Rs.18000
Qualification BCS
Experience in years 11
Date of Joining 13.11.2014
Particulars of Previous Employment Accounts Manager

Note: As on 31st March 2017 the Company has only 1 employee on rolls.

The Company currently do not provide any Employee Stock Option Scheme/Employee StockPurchase Scheme to its employees.

b. Key Managerial Personnel:

i. Managing Director or Chief Executive Officer or Manager and in their absence a

Whole-Time Director:

? Mr. Stanley Gilbert Felix Melkhasingh was the Managing Director of the Company tillthe opening hrs of 05th August 2017.

? Mr. Vishal Kumar Garg has been appointed as the Managing Director of the Companyw.e.f. 05th August 2017.

ii. Company Secretary:

? Ms. Nikita Chourasia has been appointed as the Company Secretary of the Companyw.e.f. 04th August 2017.

iii. Chief Financial Officer (CFO):

? Mr. Babu Madhurai Muthu has been the Chief Financial Officer of the Companyw.e.f. 13th November 2014.

3. Corporate Governance:

Corporate governance is an ethically driven business process that is committed tovalues aimed at enhancing an organization's brand and reputation. This is ensured bytaking ethical business decisions and conducting business with a firm commitment tovalues while meeting stakeholders' expectations. At Meenakshi Enterprises Limited it isimperative that our company affairs are managed in a fair and transparent manner. This isvital to gain and retain the trust of our stakeholders. The Company is committed tomaintain the highest standards of corporate governance and adhere to the corporategovernance requirements set out by SEBI. The Company has also implemented several bestcorporate governance practices as prevalent globally.

The Report on corporate governance as stipulated under SEBI (Listing Obligations &Disclosure Requirements) Regulations 2015is appended as Annexure III to thisreport.

a. Auditors' certificate on corporate governance:

As required by Schedule V of SEBI (Listing Obligations & Disclosure Requirements)Regulations 2015 the Auditors' certificate on corporate governance is appended as AnnexureIV to this report.

b. Compliance Department:

Mr. Stanley Gilbert Felix Melkhasingh (DIN : 01676020) Managing Director of theCompany was acting as the Compliance Officer of the Company w.e.f. 1st January 2015 till3rd August 2017.

However the Company has appointed Ms. Nikita Chourasia as the Company Secretary cumcompliance officer w.e.f.04th August 2017.

The compliance department of the company is responsible for independently ensuring thatthe operating and business units comply with regulatory and internal guidelines. Newinstructions/guidelines issued by the regulatory authorities were disseminated across thecompany to ensure that the business and business units operate within the boundaries setby the regulators and that compliance risks are suitably monitored and mitigated in courseof their activities & processes.

c. Information on the Board of Directors of the Company:

During the year under review following changes took place in the Composition of Boardof Directors of the Company; (i) The Shareholders at the Annual General Meeting of theCompany held on 30th September 2016 approved the following; a. Re-appointment ofMr. Stanley Gilbert Felix Melkhasingh (DIN:01676020) who had retired by rotation b.Re-appointment of Mr. Stanley Gilbert Felix Melkhasingh (DIN: 01676020) as the ManagingDirector of the Company.

(ii) The Board of Directors of the Company at the Meeting held on 08th June 2017approved the following; a. Appointment of Mr. Sholingar Shanmugam Dhanapal (DIN: 07844784)as an

Additional Director cum Independent Director of the Company w.e.f.08th June 2017 tohold office till the conclusion of the ensuing Annual General Meeting. b. Taking on recordthe resignation tendered by Mr. Kesavan Suresh Kumar

(DIN:06805795) Independent Director of the Company expressing his inability tocontinue as the Director of of the Company and the same was accepted by the Board and hewas relived from the Directorship of the Company w.e.f. the closing hrs of 08th June2017.

(iii) The Board of Directors of the Company at the Meeting held on 04th August 2017approved the following; a. Appointment of Mr. Vishal Kumar Garg (DIN: 06732732) as anAdditional

Director of the Company w.e.f. 04th August 2017 to hold office till the conclusion ofthe ensuing Annual General Meeting. b. Re-designation of Mr. Stanley Gilbert FelixMelkhasingh (DIN:01676020)

Managing Director of the Company as a Non-Executive Director w.e.f. opening hours of05th August 2017 and who as the a director liable to retire by rotation. c. Appointmentof Mr. Vishal Kumar Garg (DIN: 06732732) as the Managing

Director of the Company for a period of one year starting from 05th August 2017 andending on 04th August 2018 subject to the approval of the Shareholders of the Company.d. Taking on record the resignation tendered by Mr. Vasalakotram Sampath

Sudhakar (DIN:05139324) Independent Director of the Company expressing his inabilityto continue as the Director of of the Company and the same was accepted by the Board andhe was relived from the Directorship of the Company w.e.f. the closing hrs of 04thAugust 2017.

In compliance with the Companies Act 2013 the following directors are proposed to beappointed/re-appointed as Director/Independent Directors/Executive Director of the Companyby the approval of the Share Holders of the Company;

(i) Mr. Stanley Gilbert Felix Melkhasingh (DIN: 01676020) retires by rotation at thisAnnual General Meeting and being eligible has offered himself for re-appointment.

(ii) Mr. Sholingar Shanmugam Dhanapal (DIN: 07844784) be regularized as an independentdirector for a period of 5 years w.e.f. 08th June 2017 upto 07th June 2022.

(iii) Mr. Vishal Kumar Garg (DIN: 06732732) be regularized as the Director of theCompany and further his appointment as Managing Director of the Company for a period ofone year from 05th August 2017 to 04th August 2018 be approved by the Shareholders ofthe Company.

d. Board Diversity:

The Company recognizes and embraces the importance of a diverse board in its success.We believe that a truly diverse board will leverage differences in thought perspectiveknowledge skill regional and industry experience cultural and geographical backgroundage ethnicity race and gender which will help us to retain our competitive advantage.The Board has adopted the Board Diversity Policy which sets out the approach to diversityof the Board of Directors. The Board Diversity Policy is available on our

e. Details with regards to meeting of Board of Directors of the Company:

During the FY 2016-2017 12 (Twelve) meetings of the Board of Directors of the Companywere held. For further details with regard to the meeting of Board of Directors pleaserefer to the Corporate Governance Report which forms part of this Report.

f. Policy on directors' appointment and remuneration:

The current policy is to have an appropriate mix of executive non-executive andindependent directors to maintain the independence of the Board and separate itsfunctions of governance and management. As on the date of this report the Board consistof 4 Members 1 of whom is an Executive Director 1 of whom is a Promoter cumNon-Executive Director and 2 of whom are Independent Directors. The Board periodicallyevaluates the need for change in its composition and size.

The Policy of the Company on Director's appointment and remuneration includingcriteria for determining qualifications positive attributes independence of director andother matters provided under Section 178(3) of the Companies Act 2013 adopted by theBoard is appended as Annexure V to this report. We affirm that the remunerationpaid to the director is as per the terms laid out in the said policy.

g. Declaration by Independent Directors:

The Company has received necessary declarations from each Independent Director underSection 149(7) of the Companies Act 2013 that he/she meets the criteria of independencelaid down in Section 149(6) of the Companies Act 2013 and under SEBI (Listing Obligations& Disclosure Requirements) Regulations 2015.

h. Training of Independent Directors:

Every new Independent Director at the time of appointment is issued a detailedAppointment Letter incorporating the role duties and responsibilities remuneration andperformance evaluation process Code of Conduct and obligations on disclosures.

Further every new Independent Director is provided with copy of latest Annual Reportthe Code of Conduct the Code of Conduct for Internal Procedures and to Regulate Monitorand

Report Trading by Insiders ("Code of Conduct - PIT") and the Code ofPractices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information(the "Fair Practice Code")

Tentative Schedule of upcoming Board and Committee meetings.

The Company through its Executive Directors / Key Managerial Personnel conduct programs/ presentations periodically to familiarize the Independent Directors with the strategyoperations and functions of the Company.

Thus such programs / presentations provides an opportunity to the Independent Directorsto interact with the senior leadership team of the Company and help them to understand the

Company's strategy business model operations service and product offerings marketsorganization structure finance human resources technology quality facilities and riskmanagement and such other areas as may arise from time to time. The Policy on theFamiliarization Programme for Independent Directors is available on our

i. Board's Committees:

Currently the Board has three committees: Audit Committee Nomination and RemunerationCommittee and Stakeholders Relationship Committee. All committees are properlyconstituted.

A detailed note on the Board and its committees including the details on the dates ofCommittee Meetings is provided under the Corporate Governance report section in thisAnnual Report. The composition of the committees as on the date of this report as per theapplicable provisions of the Act and Rules as well as per SEBI (Listing Obligations &Disclosure Requirements) Regulations 2015 are as follows:

Name of the Name of the Company Member Position in the
Committee Committee
Mrs. Sumathi Kothandan Chairman
Audit Committee Mr. Sholingar Shanmugam Dhanapal Member
Mr. Vishal Kumar Garg Member
Nomination and Mrs. Sumathi Kothandan Chairman
Remuneration Mr. Sholingar Shanmugam Dhanapal Member
Committee Mr. Stanley Gilbert Felix Melkhasingh Member
Stakeholders Mr. Stanley Gilbert Felix Melkhasingh Chairman
Relationship Mrs. Sumathi Kothandan Member
Committee Mr. Vishal Kumar Garg Member

j. Board Evaluation:

The Board has carried out an annual evaluation of its "own performance" andthat of its

"committees" and "individual directors" pursuant to the section134(3) of the Companies Act 2013.

The performance of the Board was evaluated by the Board after seeking inputs from allthe directors on the basis of the criteria such as the Board composition and structureeffectiveness of board processes information and functioning etc.

The performance of the committees was evaluated by the board after seeking inputs fromthe committee members on the basis of the criteria such as the composition of committeeseffectiveness of committee meetings etc.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed theperformance of the individual directors on the basis of the criteria such as thecontribution of the individual director to the Board and committee meetings likepreparedness on the issues to be discussed meaningful and constructive contribution andinputs in meetings etc.

In a separate meeting of independent Directors performance of non-independentdirectors performance of the board as a whole was evaluated The same was discussed inthe board meeting that followed the meeting of the independent Directors at which thereport as submitted by the Independent Directors was taken on record and discussed.

k. Listing:

The Equity Shares of the Company are listed on BSE Limited having its office at P. J.Towers Dalal Street Fort Mumbai 400001.

Your Company paid the Listing Fees to the BSE Limited for FY 2016-17 as well as for2017-18 in terms of Uniform Listing Agreement entered with the said Stock Exchange(s).

l. Information in terms of Section II of Part II of the Schedule V of the CompaniesAct 2013:

(i) Elements of remuneration Package of all the Director:

The details with regards to the remuneration Package of all the Director is provided in"Point No. VI" of the Extract of Annual Return in the prescribed format preparedin accordance with Section 134(3)(a) and Section 92(3) of the Companies Act 2013 andappended as Annexure VII.

(ii) Details of Fixed Component and Performance linked incentives along with theperformance criteria:

The Company currently pays remuneration to only the Executive Director. The Companydoes not pay any remuneration in whatsoever name called to its Non-Executive Director(s).Currently the entire remuneration being paid to the Executive Director contains only FixedComponent.

(iii) Service Contract Notice Period and Severance Fees:

The Company has not entered in to any Service Contract with the Mr. Vishal Kumar GargManaging Director of the Company. Thus there is no Fixed Notice Period or Severance Fees.

(iv) Stock Options if any:

The Company currently do not have any stock option scheme for its Employees orDirectors.

m. Insider Trading

In compliance with the SEBI (Prohibition of Insider Trading) Regulations 2015 your

Company has constituted a comprehensive Code titled as "Code of Conduct forInternal Procedures and to Regulate Monitor and Report Trading by Insiders" whichlays down guide lines and advises the Directors and Employees of the Company on proceduresto be followed and disclosures to be made while dealing insecurities of the Company. Thesaid policy is available on our website

4. Auditors:

a. Statutory Auditor:

At the Annual General Meeting held on 30th September 2016 M/s. Vivekanandan andAssociates Chartered Accountants (Firm Registration No. 05268S) were appointed asStatutory Auditors of the Company from the conclusion of the 33rd Annual General Meetingtill the conclusion of the 38thAnnual General Meeting of the Company to be held in theyear 2021 for a period of 5 years. In terms of the first proviso to Section 139 of theCompanies Act 2013 the appointment of the auditors shall be placed for ratification atevery Annual General Meeting. Accordingly the appointment of M/s. Vivekanandan andAssociates Chartered Accountants as Statutory Auditors of the Company is placed forratification by the shareholders. In this regards the Company has received a certificatefrom the Auditors to the effect that if they are reappointed it would be in accordancewith the provisions of Section 141 of the Companies Act 2013.

b. Secretarial Auditors:

Ms. Deepika K Company Secretary (COP: 18437) was appointed to conduct the SecretarialAudit of the Company for the FY 2015-2016 as required under the Section 204 of theCompanies Act 2013 and Rules there under. The Secretarial Audit Report for the FY 2016-2017 is appended as Annexure VI to this report.

c. Comments of the Board on the qualification/reservation/adverse remarks/disclosuremade:

(i) by the Statutory Auditors in the Audit Report:

The Auditors' report does not contain any qualifications reservations or adverseremarks.

(ii) by the Secretarial Auditors in the Secretarial Audit Report: a. Duringthe FY 2016-2017 the Company has not appointed a Company Secretary and/or ComplianceOfficer in terms of Section 203 (1)(ii) of the Companies Act 2013 and Regulation 6(1) ofSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. However theCompany has appointed Ms. Nikita Chourasia (Membership No.51744) as the Company SecretaryCum Compliance Officer of the Company in terms of Section 203 (1)(ii) of the CompaniesAct 2013 and Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 w.e.f. 04th August 2017.

The Board with respect to the above mentioned qualification herewith submits that theabove the Company was not able to find a suitable candidate for the position of CompanySecretary cum Compliance Officer during the FY 2016-2017 however the Company hasappointed a Company Secretary cum Compliance Officer w.e.f. 04th August 2017. d. InternalFinancial Control

The Board has adopted the policies and procedures for ensuring theorderly and efficientconduct of its business including adherence tothe Company's policies the safeguarding ofits assets the prevention and detection of frauds and errors the accuracy andcompleteness of the accounting records and the timely preparation of reliable financialdisclosures.

e. Risk Management:

The Company has a robust Risk Management framework to identify evaluate business risksand opportunities. This framework seeks to create transparency minimize adverse impact onthe business objectives and enhance the Company's competitive advantage. The business riskframework defines the risk management approach across the enterprise at various levelsincluding documentation and reporting. The framework has different risk models which helpin identifying risks trend exposure and potential impact analysis at a Company level asalso separately for business segments. The Company has identified various risks and alsohas mitigation plans for each risk identified. The Risk Management Policy of the Companyis available on our website

f. Vigil Mechanism:

The Company has established a mechanism for Director's and employee's to report theirconcerns relating to fraud malpractice or any other activity or event which is againstthe interest of the Company. The same has been disclosed in the corporate governancereport under the heading Whistle Blower Policy which forms part of the directors' report.The

Whistle Blower Policy is available on our website

. g. Statement on Material Subsidiary:

The Company currently do not have any Material Subsidiary. The Policy on Identificationof Material Subsidiaries is available on our website

5. Corporate Social Responsibility:

The Company has not developed and implemented any Corporate Social Responsibilityinitiatives as the provisions of Section 135 of the Companies Act 2013 is not applicableto the company.

a. Particulars on conservation of energy research and development technologyabsorption and foreign exchange earnings and outgo:

(i) Energy Conservation:

Conservation of energy continues to receive increased emphasis and steps are beingtaken to reduce the consumption of energy at all levels. The Company has taken steps toconserve energy in its office use consequent to which energy consumption had beenminimized. No additional Proposals/ Investments were made to conserve energy. Since theCompany has not carried on industrial activities disclosure regarding impact of measureson cost of production of goods total energy consumption etc is not applicable.

(ii) Foreign Exchange Earnings and Outgo:

The Company has not earned or spent any foreign exchange during the year under review.

(iii) Research and Development & Technology Absorption:

The Company has not adopted any technology for its business and hence no reporting isrequired to be furnished under this heading. The Company will adopt necessary technologyas and when required in the furtherance of the business.

6. Others: a. Extract of Annual Return:

In accordance with Section 134(3)(a) and Section 92(3) of the Companies Act 2013 anextract of the annual return in the prescribed format is appended as Annexure VIIto this Report.

b. Significant and Material Orders:

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

c. Disclosure under the Sexual Harassment of Women at workplace (PreventionProhibition and Redressal) Act 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirementof the Sexual Harassment of Women at workplace (Prevention Prohibition and Redressal) Act2013. All the employees (permanent Contractual temporary Trainees) are covered underthis policy. During the year under review no complaints were received falling under thecategory of Sexual Harassment of women at work place.

d. Reporting of Fraud by Auditors:

No Fraud has been reported by the Auditors of the Company under Section 143(12) of theCompanies Act 2013.

e. Soliciting Shareholders Information:

This is to inform you that the company is in process of updation of records of theshareholders in order to reduce the physical documentation as far as possible.

With new BSE Uniform listing agreement it is mandatory for all the investors includingtransferors to complete their KYC information. Hence we have to update your PAN No.Phone no. and e-mail id in our records. We would also like to update your currentsignature records in our system. To achieve this we solicit your co-operation inproviding the following details to us;

a. If you are holding the shares in dematerialized form you may update all your recordswith your Depository Participant (DP). b. If you are holding shares in physical form youmay provide the following: i. Folio No. ii. Name iii. Pan No. iv. E-mail ID v. TelephoneNo. vi. Specimen Signatures (3 in Nos.)

f. Other Disclosures:

Your Directors state that no disclosure or reporting is required in respect to thefollowing items as there were no transactions on these items during the year under review:(i) Issue of equity shares with differential rights as to dividend voting or otherwise.(ii) Issue of shares (including sweat equity shares) to employees of the company under anyscheme.

(iii) Redemption of Preference Shares and/or Debentures.

7. Acknowledgement:

Your Directors wish to place on record their appreciation for the contribution made bythe employees at all levels but for whose hard work and support your company'sachievements would not have been possible. Your Directors also wish to thank itscustomers dealers agents suppliers investors and bankers for their continued supportand faith reposed in the company.

By Order of the Board of Directors For MEENAKSHI ENTERPRISES LIMITED

Sd/- Sd/-
(DIN: 06732732) (DIN: 01676020)

Date : 14.08.2017 Place: Chennai