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Moneyboxx Finance Ltd.

BSE: 538446 Sector: Financials
NSE: N.A. ISIN Code: INE296Q01012
BSE 00:00 | 03 Feb 159.25 1.60
(1.01%)
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162.50

HIGH

162.50

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155.00

NSE 05:30 | 01 Jan Moneyboxx Finance Ltd
OPEN 162.50
PREVIOUS CLOSE 157.65
VOLUME 4423
52-Week high 218.90
52-Week low 99.10
P/E
Mkt Cap.(Rs cr) 373
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 162.50
CLOSE 157.65
VOLUME 4423
52-Week high 218.90
52-Week low 99.10
P/E
Mkt Cap.(Rs cr) 373
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Moneyboxx Finance Ltd. (MONEYBOXXFIN) - Director Report

Company director report

To the Members

Your directors are pleased to present the Twenty-Seventh Annual Report on the businessand operations of the Company together with the Audited Financial Statements for yearended March 31 2021.

FINANCIAL AND OPERATIONAL HIGHLIGHTS:

A summary of the Company's financial results for the Financial Year 2020-21 is asunder:-

(Figures in INR Lakhs)

PARTICULARS Current Financial Year (2020-21) Previous Financial Year (2019-20)
Revenue from Operations 1100.82 412.22
Other Income - -
Profit/loss before Depreciation Finance Costs Comprehensive items and Tax Expense 58.18 (205.41)
Less: Depreciation/Amortisation/Impairment 81.41 54.40
Profit/Loss before Finance Costs Comprehensive items and Tax Expense (23.23) (259.81)
Less: Finance Cost 365.29 81.17
Profit/Loss before Comprehensive items and Tax Expense (388.52) (340.98)
Less: Tax Expense (Current & Deferred) (91.19) 13.82
Profit/loss for the year (1) (297.33) (354.80)
Add/(less): Comprehensive items (0.19) -
Profit/Loss after Tax Expense & Other Comprehensive Item (297.52) (354.80)
Retained earnings as at the beginning of the year (359.54) (4.73)
Retained earnings before appropriations (657.06) (359.53)
Appropriations
Less: Transfer to reserve fund u/s 45-IC(1) of the RBI Act 1934 - -
Less: Dividend paid on Equity Shares - -
Less: Dividend Distribution Tax - -
Less: Other Appropriation - 0.01
Retained earnings as at the end of the year (657.06) (359.54)
Earnings per share (Face value of Rs.10/-)
- Basic (Rs.) (1.48) (1.77)
- Diluted (Rs.) (1.48) (1.77)

COMPANY'S PERFORMANCE

The Revenue from operations for the year under review is INR 1100.82 lakhs (PreviousYear: INR 412.22 lakhs) registering a growth of 167.04% over the previous year. TheOperating Loss stood at INR 388.52 lakhs.

Disbursements during FY21 though grew strong by 63.5% to INR 5544 lakhs compared toINR 3391 lakhs in FY20 they were very negatively impacted by COVID-19 in H1FY21. Theprofit after tax for the year under review was (Rs. 297.52 Lakh).

Your Company diversified its funding sources by adding 7 new lenders in Q4FY21 andtotal 12 new lenders in FY21 taking the total lender count to 14 as of March 2021. Newlenders in FY21 included reputed names - AU Small Finance Bank Ambit Finvest AshvFinance BlackSoil Capital Caspian Debt Hinduja Leyland Finance Capri Global InCredUC Inclusive Credit and others. Total debt raise was INR 4150 lakhs in FY21 which waslower than expected largely due to cautious approached followed by lenders due topandemic but in line with business growth. Continued support from the existing lendersand addition of new lenders demonstrate the confidence of the lenders in the Company'scredit processes asset quality collection efficiency and the management team.

Company's performance in detail cover in Management Discussion & Analysis.

CIRCULATION OF ANNUAL REPORTS IN ELECTRONIC FORM

The Ministry of Corporate Affairs ("MCA") and the Securities and ExchangeBoard of India have permitted listed companies to send the Notice of the Annual GeneralMeeting ("AGM") and the Annual Report to the shareholders by email only in viewof prevailing COVID-19 pandemic situation and difficulties involved in dispatch ofphysical copies.

Pursuant to the General Circular Nos. 17/2020 20/2020 and 02/2021 dated 13-April-20205-May-2020 and 13-January- 2021 respectively issued by the MCA. Notice of the AGM alongwith the Annual Report 2020-21 is being sent only through electronic mode to those Memberswhose email addresses are registered with the Company/ Depositories. Members may note thatthe Notice and Annual Report 2020-21 will also be available on the Company's website atwww.monevboxxfinance.com.

DIVIDEND

During the year under review the Board of Directors of the Company has not recommendedany dividend.

RESERVES

During the period under review no amount has been transferred to reserves.

SHARE CAPITAL

The Authorized Share Capital of the Company as on March 31 2021 stood at Rs.250000000/- (25000000 equity shares of Rs. 10/- each) and the Issued Subscribed andPaid-up Share Capital of the Company stood at Rs. 200816510 divided into 20081651equity shares of Rs. 10/- each.

During the period under review the Company has not made any allotment.

LISTING ON STOCK EXCHANGE

The shares of the Company are listed on Main Platform of BSE Limited. The listing feefor the financial year 2021-22 has been paid.

COVID-19 PANDEMIC IMPACT

The continuation of COVID-19 pandemic in the Financial Year 2020-21 has caused a hugedisruption creating an unprecedented impact on the financial well-being of nationscorporations and individuals. When the pandemic struck and led to nationwide lockdowns tocurtail the transmission of virus it was natural to fear that the global economy wouldstay in extreme stress of the kind not seen since the great depression and would have along-lasting economic impact.

Although multiple vaccines were found with impressive efficacy levels in less than ayear. Announcement of successful development of vaccines seemed to lift spirits around theworld. Unfortunately the advent of winter saw several countries battle second waves ofCOVID-19 infections including more virulent strains leading to partial lockdowns. Therace between vaccines and variants is heating up as massive vaccination drives areunderway. Much depends on blocking transmission and not just the disease. A detaileddiscussion on impact of COVID-19 on the NBFC sector and operations of the Company iscovered in the ‘Management Discussion and Analysis.'

CHANGE IN THE NATURE OF BUSINESS

During the period under review there have been no such changes in the nature ofbusiness of the Company.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY HAVING OCCURRED SINCE THE END OF THE YEAR AND TILL THE DATE OF THE REPORT

There are no material changes and commitments affecting the financial position of theCompany between the end of the financial year and the date of this report.

CORPORATE SOCIAL RESPONSIBILITY

The provisions of section 135 of the Companies Act 2013 in relation to the CorporateSocial Responsibility (CSR) are not applicable to the Company. Therefore such details onexpenditure in CSR are not required to be provided in this Report.

HIGHLIGHTS OF PERFORMANCE OF SUBSIDIARIES ASSOCIATES AND JOINT VENTURE COMPANIES ANDTHEIR CONTRIBUTION TO THE OVERALL PERFORMANCE OF THE COMPANY

The Company does not have any subsidiary associate or joint venture companytherefore the statement containing the salient features of the financial statement ofsubsidiaries associates or joint ventures under the first proviso to sub-section (3) ofsection 129 of the Companies Act 2013 in Form AOC-1 is not applicable.

DIRECTORS AND KMP

During the year under review:

- Mr. Prashant Agarwal (DIN: 08019634) had resigned from the designation of ChiefFinancial Officer (CFO) Co-Chief Executive Officer (Co-CEO) of the Board w. e. f. June29 2020.

- Mr. Prashant Agarwal (DIN: 08019634) had resigned from the Directorship of theCompany as Whole-time Director and KMP of the Company w.e.f. September 09 2020.

- Mr. Mayur Modi (DIN: 08021679) was designated as Chief Financial Officer (CFO) of theCompany w.e.f. June 29 2020.

- Mr. Mayur Modi (DIN: 08021679) had resigned as Chief Financial Officer (CFO) of theCompany w.e.f. September 15 2020.

- Mr. Deepak Aggarwal (DIN: 03140334) Non-Executive - Non-Independent Director of theCompany was appointed and redesignated as Whole-time Director of the Company andsubsequently his appointment was approved by shareholders in the 26th AnnualGeneral Meeting to hold office for a term of 3 (three) consecutive years w.e.f. September15 2020

- Mr. Deepak Aggarwal (DIN: 03140334) also designated as Chief Financial Officer (CFO)Co-Chief Executive Officer (Co-CEO) of the Company w.e.f. September 15 2020.

- Mr. Atul Garg (DIN: 07093376) was appointed as additional Director in the Capacity ofNon-Executive Director of the Company w.e.f. September 15 2020 and whose directorshipwas regularized in the 26th Annual General Meeting held on December 21 2020.

In the Extra-ordinary General Meeting held on January 03 2019 members appointed Mr.Mayur Modi as Co-CEO & Wholetime Director of the Company w.e.f. January 01 2019 forthe period of 3 year. The present term of Mr. Modi as Whole-time Director shall expire onDecember 31 2021. Considering his rich experience and present role the Board of Directorrecommends the re-appointment of Mr. Modi as Co-CEO & Whole-time Director for anotherterm of 3(three) years w.e.f January 01 2022.

Director retiring by rotation:

Pursuant to the requirements of section 152(6) (c) of the Companies Act 2013 Mr. AtulGarg (DIN: 07093376) Director retires by rotation from the Board of Directors and beingeligible offers himself for re-appointment.

The Board recommends the re-appointment of Mr. Atul Garg (DIN: 07093376) as Director ofthe Company retiring by rotation.

During the year under review the non-executive directors of the Company had nopecuniary relationship or transactions with the Company.

Brief details of Directors proposed to be appointed / re-appointed as required underRegulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 is duly provided in the Notice of the Annual General Meeting.

As on March 31 2021 the Board of Directors of your Company consist of 6 Directors.Their details are as follows:

S. No. Name of Director Designation
1. Mr. Uma Shankar Paliwal Chairman and Independent Director
2. Ms. Ratna Dharashree Vishwanathan Independent Director
3. Mr. Deepak Aggarwal Whole-time Director Chief Financial Officer & Co- Chief Executive Officer (KMP)
4. Mr. Mayur Modi Whole-time Director Co- Chief Executive Officer (KMP)
5. Mr. Govind Gupta Non-Executive Director
6. Mr. Atul Garg Non-Executive Director

Key Managerial Personnel

As on March 31 2021 Mr. Mayur Modi and Mr. Deepak Aggarwal are CO-CEOs &Whole-time Director(s) of the Company Mr. Deepak Aggarwal designated as Chief FinancialOfficer and Ms. Radhika Garg as Company Secretary & Compliance Officer of the Companyare the Key Managerial Personnel of your Company in accordance with the provisions ofSections 2(51) and 203 of the Companies Act 2013 read with Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014.

Further Ms. Bhanu Priya is appointed as Company Secretary & Compliance Officer askey Managerial Personnel of the Company w.e.f. August 14 2021 in place of Ms. RadhikaGarg who had resigned w.e.f. August 05 2021 (close of business hours).

NUMBER OF MEETINGS OF THE BOARD

The Board met 5 times during the financial year. The meeting details are provided inthe 'Corporate Governance Report' that forms part of this Annual Report. The maximuminterval between any two meetings did not exceed 120 days as prescribed in the CompaniesAct 2013 except the meeting of the Board of Directors held on June 29 2020. However asper the general circular No. 11/2020 The mandatory requirement of holding meetings of theBoard of the companies within the intervals provided in section 173 of the Companies Act2013 stands extended by a period of 60 days till next two quarters i.e. till September30 2020. Accordingly as a one-time relaxation has been granted to the Companies and thegap between two consecutive meetings of the Board may be extend to 180 days till the nexttwo quarters instead of 120 days as required in the Act due to Covid-19 (Corona Virus)pandemic.

In view of the same the period under review your company is properly complied inreference to conduct Board meetings.

COMMITTEES OF THE BOARD

There are three (3) Statutory Committees constituted by the Board of the Company:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholder Relationship Committee

Full details pertaining to the composition size terms of reference etc. of theaforesaid mentioned Committees are included in the Corporate Governance Report which is apart of this report.

DI RECTORS RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Act the Board of Directors to the best of itsknowledge and ability here by state and duly confirm that:

i) in the preparation of the annual accounts the applicable accounting standards havebeen followed along with proper explanation relating to material departures if any;

ii) they have selected such accounting policies and applied them consistently and madejudgments and estimates that are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of the financial year and of the profit& loss of the Company for the financial year 2020-21;

iii) they have taken proper and sufficient care 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) they have prepared the annual accounts on a going concern basis.

v) they have laid down internal financial controls to be followed by the Company andthat such internal financial controls are adequate and are operating effectively; and

vi) they have devised proper systems to ensure compliance with the provisions of allapplicable laws and that such systems are adequate and are operating effectively

DECLARATION BY INDEPENDENT DIRECTORS

The Company has received declarations from the Independent Directors of the Companyconfirming that they meet with the criteria of independence as prescribed in Section149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations and there has been nochange in the circumstances which may affect their status as independent director duringthe year.

The Board took on record the declaration and confirmation submitted by the independentdirectors regarding them meeting the prescribed criteria of independence afterundertaking due assessment of the veracity of the same in terms of the requirements ofregulation 25 of the SEBI Listing Regulations.

POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION

In adherence of Section 178(1) of the Companies Act 2013 at present the Company hasan appropriate mix of executive nonexecutive and independent directors to maintain theindependence of the Board and separate its functions of governance and management. As ofMarch 31 2021 the Board had six members two of whom are executive Directors two arenon-executive and non-independent member and two non-executive independent directors. Oneof the Independent directors of the board is woman.

The policy of the company on director's appointment and remuneration including thecriteria for determining qualifications positive attributes independence of a directorand other matters as required under sub-section (3) of section 178 of the CompaniesAct2013 is available on our website at www.monevboxxfinance.com/.

We affirm that the remuneration paid to the directors is as per the terms laid out inthe Nomination and Remuneration Policy of the Company.

BOARD EVALUATION

The Board of Directors has carried out an annual evaluation of its own performanceBoard Committees and individual directors pursuant to the provisions of the Act and SEBIListing Regulations 2015. The performance of the Board was evaluated by the Board afterseeking inputs from all the Directors on the basis of the criteria such as the Boardcomposition and structure effectiveness of Board meetings information and functioningetc. The performance of the Committees was evaluated by the Board after seeking inputsfrom the Committee members on the basis of the criteria such as the composition ofCommittees effectiveness of Committee meetings etc. In a separate meeting of independentdirectors performance of non-independent directors and the board as a whole wasevaluated taking into account the views of executive directors and non-executivedirectors.

The entire performance evaluation process was completed to the satisfaction of Board.

COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has devised proper systems to ensure compliance with the provisions of allapplicable Secretarial Standards issued by the Institute of Company Secretaries of Indiaand that such systems are adequate and operating effectively.

DEPOSITS

Your Company is registered with the Reserve Bank of India (RBI) as a Non-Depositaccepting NBFC under Section 45- 1A of the RBI Act 1934. Your Directors hereby confirmthat the Company has not accepted any public deposits during the year under review and itcontinues to be a non-deposit taking non- banking financial company in conformity with theguidelines of the RBI.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The discussion on financial performance with respect to the operational performancereview of operations and prospects have been covered in the Director's Report. ManagementDiscussion and Analysis Report and as prescribed under SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 are also presented in separate sections formingpart of the Integrated Annual Report.

PARTICULAR OF EMPLOYEES

The information required under Section 197 of the Companies Act 2013 read with Rule5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014are provided in separate annexure forming part of this Report as Annexure- A.

The statement containing particulars of employees as required under Section 197 of theCompanies Act 2013read with Rule 5(2) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 will be provided upon request. In terms of Section 136of the Companies Act 2013 the Report and Accounts are being sent to the Members andothers entitled thereto excluding the information on employees' particulars which isavailable for inspection by the members at the Registered Office of the Company duringbusiness hours on working days of the Company. If any member is interested in obtaining acopy thereof such Member may write to the Company Secretary in this regard.

HUMAN RESOURCES

People of the company are its most essential and valuable assets. In a competitivemarket like today the Company ceaselessly pertains on focusing to attract and retain theright talent. The Company also ensures to extend right opportunities to its employees forenhancing their potential in the right direction.

During the year the Company had conducted structured familiar interactions between theemployees of the Company and imparted programmes with regard to sharing information aboutthe Company's long-term perspective its growth along with the growth of employees.

CORPORATE GOVERNANCE

Pursuant to SEBI Listing Regulations a separate chapter titled 'Corporate GovernanceReport' has been included in this Annual Report along with it the certificate from theSecretarial Auditors of the Company confirming the compliance with regulations ofcorporate governance under the SEBI Listing Regulations is annexed to the Report onCorporate Governance and forms part of this Report.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has duly framed a Whistle Blower Policy to report genuine concerns orgrievances & to provide adequate safeguards against victimization of persons who mayuse such mechanism.

There was no reporting made by any employee for violations of applicable laws andregulations and the Code of Conduct for the F.Y. 2020-21.

INTERNAL FI NANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

Based on the framework of internal financial controls and compliance systemsestablished and maintained by the Company work performed by the internal statutory andsecretarial auditors and external consultants and the reviews performed by management andthe relevant board committees including the audit committee the board is of the opinionthat the Company's internal financial controls were adequate and effective during thefinancial year 2020-21.

AUDIT AND AUDITORS

(a) Statutory Auditor

In terms of section 139 of the Act Gaur & Associates Chartered Accountants (FirmRegistration No. 005354C) were appointed as statutory auditors at the AGM held onSeptember 30 2019 of the Company to hold office from the conclusion of the 25th AGM tillthe conclusion of the 30th AGM for the financial year starting from April 01 2019 toMarch 31 2024. The statutory auditors have confirmed they are not disqualified fromcontinuing as auditors of the Company.

The statutory audit report for the year 2020-21 is unmodified does not contain anyqualification reservation or adverse remark or disclaimer by the statutory auditor.

(b) Secretarial Auditor

Pursuant to the provisions of Section 204 of the Act and rules made thereunder theCompany had appointed M/s Shashank Pashine & Associates (partner at Juris ConsultantsPrivate Limited) having Membership No. A40278 and CP. No. 21229 to undertake theSecretarial Audit of the Company. The Secretarial Audit Report for the financial yearended as on March 31 2021 is annexed as Annexure- B and forms an integral part of thisReport.

The Secretarial Audit Report for the year 2020-21 is unmodified does not contain anyqualification reservation or adverse remark or disclaimer by the Secretarial Auditor.

COST AUDIT

The provisions of Section 148 read with the Cost Audit Rules and Cost Audit is notapplicable to the Company.

ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act the Annual Return ason March 31 2021 is available on the Company's website on www.moneyboxxfinance.com.

PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS

The Company being a non-banking financial company registered with RBI and engaged inthe business of giving loans is exempt from the provisions of section 186 of the Act inrespect of loans and guarantees. Accordingly the disclosures of the loans given asrequired under the aforesaid section have not been made in this Report.

RELATED PARTY TRANSACTIONS

During the year 2020-21 pursuant to section 177 of the Act and regulation 23 of SEBIListing Regulations all RPTs were placed before the Audit Committee for its priorapproval. These were reviewed by the Audit Committee periodically. Details of transactionswith related parties during the year under review are provided in the notes to thefinancial statements. All related party transactions during the year were conducted atarms' length and were in the ordinary course of business.

Further there being no 'material' RPTs as defined under regulation 23 of SEBI ListingRegulations there are no details to be disclosed in form AOC-2 in that regard. TheDirectors draw attention of the members to Note No. 27 of the Notes to the FinancialStatements which sets out related party transactions.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS / OUTGO

Particulars regarding conservation of energy & technology absorption as required tobe disclosed pursuant to the Rule 8(3) of the Companies (Accounts) Rules 2014 are asunder.

(A) Conservation of Energy-
(i) the steps taken or impact on conservation of energy The Company's operations involve low energy consumption and wherever possible energy conservation measures have already been implemented.
(ii) the steps taken by the company for utilising alternate sources of energy Efforts to conserve and optimize the use of energy through improved operational methods and other mean will continue as an on-going basis.
(iii) the capital investment on energy conservation equipment's NA
(B) Technology absorption-
(i) the efforts made towards technology absorption Since the company is primarily engaged in NBFC activities the minimum technology required for the business has been absorbed.
(ii) the benefits derived like product improvement cost reduction product development or import substitution NA
(iii) in case of imported technology (imported during the last three years reckoned from the beginning of the financial year)- NA
(a) the details of technology imported;
(b) the year of import;
(c) whether the technology been fully absorbed;
(d) if not fully absorbed areas where absorption has not taken place and the reasons thereof; and
(iv) the expenditure incurred on Research and Development. NA

(C) Foreign exchange earnings and Outgo-:

There were no foreign exchange earnings and outgo during the year under review (previous year): NIL

RISK MANAGEMENT

Information on the development and implementation of a Risk Management Policy for theCompany including identification assessment and control of elements of risk which in theopinion of the Board may threaten the existence of the Company. The Management identifiesand controls risks through a properly defined framework in terms of the aforesaid policy.

REPORTING OF FRAUDS BY AUDITORS

During the year under review neither the statutory auditors nor the secretarialauditor has reported to the Audit Committee or the Board under Section 143 (12) of theAct any instances of fraud committed against the Company by its officers or employeesthe details of which would need to be mentioned in the Board's Report.

SECRETARIAL STANDARDS OF ICSI

The Company has complied with the requirements prescribed under the SecretarialStandards on meetings of the board of directors (SS-1) and general meetings (SS-2) readwith the MCA circulars granting exemptions in view of the COVID-19 pandemic.

RBI GUIDELINES

The Company Continues to comply with all the applicable regulators prescribed by theReserve Bank of India from time to time.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant and material orders passed by the Regulators or Courts orTribunals which would impact the going concern status and the Company's future operations.

DISCLOSURES UNDER THE INSOLVENCY AND BANKRUPTCY CODE 2016

Your Company has neither filed any application nor any proceeding pending under theInsolvency and Bankruptcy Code 2016 during the reporting year hence no disclosure isrequired under this section. Further there are no details required to be reported withregards to 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 as your Company has not done any settlement with any Bank or FinancialInstitutions.

DISCLOSURE UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION ANDREDRESSAL) ACT 2013

The Company has duly adopted a policy on prevention prohibition and Redressal ofSexual harassment at workplace and has duly constituted an Internal Complaints Committeein line with the provisions of the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 and the Rules there under.

The Company has not received any complaints on sexual harassment during the year.

ACKNOWLEDGEMENT

The Directors express their sincere gratitude to the Reserve Bank of India Securitiesand Exchange Board of India BSE Limited Ministry of Finance Ministry of CorporateAffairs Registrar of Companies other government and regulatory authorities lendersfinancial institutions and the Company's bankers for the ongoing support extended by them.The Directors also place on record their sincere appreciation for the continued supportextended by the Company's stakeholders and trust reposed by them in the Company. TheDirectors sincerely appreciate the commitment displayed by the employees of the across alllevels resulting in successful performance during the year.

By order and on behalf of the Board
Moneyboxx Finance Limited
Sd/- Sd/-
(Mayur Modi) (Deepak Aggarwal)
Co- CEO & Whole-time Director Co- CEO & Whole-time Director
DIN:08021679 DIN:03140334
Date: August 14 2021 Place: Delhi

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