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MRO-TEK Realty Ltd.

BSE: 532376 Sector: Consumer
NSE: MRO-TEK ISIN Code: INE398B01018
BSE 00:00 | 19 Feb 38.00 0.70
(1.88%)
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39.70

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38.00

NSE 00:00 | 19 Feb 38.05 0.05
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37.15

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39.95

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OPEN 39.70
PREVIOUS CLOSE 37.30
VOLUME 750
52-Week high 69.00
52-Week low 18.50
P/E 17.19
Mkt Cap.(Rs cr) 71
Buy Price 38.05
Buy Qty 50.00
Sell Price 41.00
Sell Qty 1.00
OPEN 39.70
CLOSE 37.30
VOLUME 750
52-Week high 69.00
52-Week low 18.50
P/E 17.19
Mkt Cap.(Rs cr) 71
Buy Price 38.05
Buy Qty 50.00
Sell Price 41.00
Sell Qty 1.00

MRO-TEK Realty Ltd. (MRO-TEK) - Director Report

Company director report

To

THE MEMBERS OF

MRO -TEK REALTY LIMITED

Your Board of Directors has pleasure in presenting the 34th Annual Reportand the Audited financial results for the year ended 31st March 2018 togetherwith the Independent Auditors' Report and the Secretarial Audit Report.

1. FINANCIAL RESULTS:

Particulars 2017-18 2016-17
(Rs. in Lakhs) (Rs. in Lakhs)
Net Revenue from operations 3680.42 4134.53
Other Income 116.34 58.38
Operation Profit (Loss) before Interest and 1020.15 1021.70
Depreciation Operation Profit (Loss) before Interest 939.98 930.91
Interest and other Finance Costs (244.33) (210.43)
Operation Profit (Loss) before Taxation and Extraordinary/ 695.65 720.48
Exceptional items Exceptional Items 85.16 (93.21)
Profit /(Loss) before Tax Provision for Taxation 780.81 627.27
(Deferred Tax Adjustments) (32.37) 222.15
Profit/(Loss) after Taxation 748.44 849.42
Loss from Discontinuing Operations (28.34) (23.08)
Profit/(Loss) for the period 720.10 826.34
Other Comprehensive 10.60 3.66
Total Comprehensive Income 730.70 830.00

Your Company's financial statements for the year ended March 31 2018 are the firstfinancial statements prepared in accordance with Ind AS notified under the Companies(Indian Accounting Standards) Rules 2015 including amendments rules 2018. Accordinglynumbers for all the comparative periods have been restated.

PERFORMANCE:

Your Company has earned profits on second consecutive years after long period. At theoutset the Management would like to convey gratitude to the Shareholders for having trustand confidence in the Company and being continuously supporting the Company.

Under the leadership of new Management and Promoters the Company made turnaroundachieving Rs 720.10 Lakhs profit for the year 2017-18 as against a profit of Rs. 826.34Lakhs in the previous year.

The brief review of the financials by the Directors is as follows:

> The Company could strive to retain in the core product business irrespective ofmassive disruptive took place in the telecom sector. It may be noted that the Industry isundergoing the consolidation process and our key customers were adversely affected.

> To improve the business the Company diversified its business by introducing theSolutions Business unit to capture the opportunities in the market.

> To optimise the infrastructure at the Factory premises the management decided tomanufacture the products of other OEM's either on Turnkey basis or on labour contractmanufacturing basis. The Company could bag the L & T Elmeasure and Termo Penpol.

> The revenue from operations from Product business ( legacy business) EMSSolutions and Real estate are Rs 19.52 Crs Rs 1.69 Crs Rs 1.75 Crs and Rs 13.84 Crsrespectively for the year 2017-18.

> The Company has earned Operating Profit of Rs. 1020.15 Lakhs before exceptionalitems/extraordinary items discontinuing operations finance cost and depreciation duringthe year 2017-18 as against Operational Profit of Rs 1021.70 Lakhs during the previousyear.

> The Company discharged the liability of Asset Backed Loan availed with SBI andreleased the mortgage. The Satisfaction of charges filed with MCA and the Company is debtfree other than unsecured loan from promoters.

> The net worth of the Company improved and stood at Rs 13.49 Crs on 31stMarch 2018 as against Rs 6.18 Crs on 31st March 2017.

> Chairman and Managing Director of the Company infused Rs 13.30 Crores till March31 2018 as Working Capital for managing day to day operations and has been supporting thecompany financially by infusing fund as and when requires. The Company has been repayinginterest and principal on existing loans to banks within stipulated time promptly..

> The Company could realize Rs 27.29 Lakhs from the discontinued operations and theprocess of liquidation of entire inventory is completed during the year 2017-18.

> The Company has incurred a loss of Rs 28.34 Lakhs from discontinuing operations ofSolar business segment during the year as against Rs 23.08 Lakhs during the correspondingprevious year.

> The Company has realised amount of Rs 165.34 Lakhs from the liquidations proceedsof the Joint venture Company RAD-MRO Manufacturing Private Limited and net resultant gainamounts to Rs 92.83 Lakhs.

> During the year ended 31st March 2018 Revenue from operationsincludes an amount of Rs. 1383.75 Lakhs from sale of super built up area underconstruction in line with Development Agreement dated dated 1st January 2016.

> The total sales turnover of the Company stood at Rs 3680.42 Lakhs as against Rs4134.53 Lakhs as compared to previous year. Details on segmental revenue and performanceare furnished in Para II (g) of Note 26 on 'Additional Notes' to Accounts.

2. SHARE CAPITAL:

The Company has an Authorised share capital of Rs. 15.00. 00.000/- (Rs. Fifteen CroresOnly) divided into 3.00. 00.000 (Three crores) Equity Share of Rs. 5/- (Rs. Five only)each. During the year there were no changes in the Company's Paid-up Equity capital and ason 31st March 2018 it is Rs. 9 34 23010/- (Rs. Nine Crores Thirty Four LakhTwenty Three Thousand and Ten only) divided into 1 86 84602 equity shares of Rs. 5/-(Rs. Five only) each.

During the year under review the Company has not issued shares with/withoutdifferential voting rights or granted stock options nor Sweaty Equity Shares.

3. CHANGE IN NATURE OF BUSINESS:

There were no changes in the nature of business during the year under review asprescribed in Rule 8(ii) of the Companies (Accounts) Rules 2014.

4. MATERIAL CHANGES & COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANYBETWEEN THE END OF THE FINANCIAL YEAR AND THE DATE OF THE REPORT:

The Members of RAD-MRO Manufacturing Private Limited a Joint Venture Company havegiven their approval for voluntary liquidation of that company as on 31st July 2017. YourCompany had received the capital contribution and Balance over & above the CapitalContribution amount of Rs. 7252000/- (Rupees Seventy two lakhs fifty two thousand only)and Rs. 9282560 (Rupees Ninety two Lakhs eighty two thousand five hundred and sixtyonly) in the voluntary liquidation process.

The application for liquidation before NCLT is under preparation and is likely to befiled soon.

Other than above there are no material changes and commitments between the end of theFinancial Year and the Date of the Report which affect the financial position of theCompany.

5. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

There are no significant events subsequent to the date of financial statements apartfrom the matters mentioned above points.

6. DIVIDEND:

Your Company has started registering the profits for the years after a gap of longperiod. Whilst your Directors understand the sentiments of the investors due tothe losses incurred during the past years the Company's recovery remains work in progressand much more needs to be done and as such this constrains the Board from recommending thedividend.

The Directors will strive hard to bring the Company back to dividend track as soon aspossible and the improving performance of the Company is expected to continue tofacilitate consideration of dividend in the years to come.

7. BOARD MEETINGS:

During the year five (5) meetings of the Board of Directors were held on the followingdates: 26.05.2017 03.08.2017 01.09.2017 15.11.2017 and 10.02.2018 and related detailsincluding that of the various Committees constituted by the Board are made available inthe Report of Directors on Corporate Governance forming part of the Annual report placedbefore the Members.

Committees of the Board:

Currently the Board has four Committees viz. the Audit Committee the Nomination andRemuneration Committee the Stakeholders Relationship Committee the Corporate SocialResponsibility Committee . A detailed note on the composition of the Board and itsCommittee and other related particulars are provided in the Report on Corporate Governanceforming part of this Annual Report.

8. DIRECTORS AND KEY MANANGERIAL PERSONNEL:

Appointment of Directors and KMP

The following appointment of Directors/KMP have taken place during the year:

1. Mr. Sudipto Gupta was appointed as Chief Executive Officer for the period commencingfrom 5th September 2017 to 4th September 2020.

2. Mr. Mohan Subramaniam was appointed as Independent Director for a period commencingfrom 15th November 2017 to 14th November 2022.

Brief profile of each new Director and KMP:

1. MR. SUDIPTO GUPTA CHIEF EXECUTIVE OFFICER

Mr. Sudipto Gupta is a Post Graduate in Business Management and a technocrat with 24years' experience in the Telecommunications and Electronics industries. Over the years hehad held key positions in technology companies service providers and Original DesignManufacturers in various capacities-product development sales/business developmentpeople/team building commercial and regulatory affairs manufacturing and after-marketservices-over his distinguished career.

Prior to taking his current position in MROTEK Sudipto was the Country Director forone of the world's largest contract manufacturers' India operations. During his careerSudipto has built successful profitable businesses several times including his ownentrepreneurial stint where he designed and executed complex telecommunication projects.

2. MR. MOHAN Subramaniam-DIRECTOR:

Mr. Mohan Subramaniam is a dynamic Professional [Chartered Accountant (FCA); CostAccountant]; having more than 30 years of post-qualification experience in large-sizedGovernment Undertaking Mid-sized Listed Companies manufacturing engineering goods forautomobile sector Continuous process Industry with Foreign collaborations Global companymanufacturing capital goods Product and IP Company in the IT sector.

Heading core portfolios of Finance Corporate Secretarial Legal Taxation andAdministrative functions as also forming part of the core management team at the Globallevel. Been the head of IT function and also handled the HR matters of a MNC Company.

Re-appointment of Director retiring by Rotation:-

As per the Articles of Association of the Company one third of the Directors areliable to retire by rotation at the Annual General Meeting of the Company every year.Mrs. Gauri Aniruddha Mehta retires by rotation and being eligible herself forre-appointment at the ensuing Annual General Meeting.

Resignations Cessations and Changes in Directors:-

1. Mr. Radhakrishnan Seetharaman resigned from the office of Director of the Company ason 15th November 2017.

Your Board places on record its appreciation for the contribution and support extendedby the outgoing Directors.

9. DECLARATION FROM INDEPENDENT DIRECTORS ON ANNUAL BASIS:

The Company has received necessary declaration from each Independent Director of theCompany under Section 149(6) & 149(7) of the Companies Act 2013 that the IndependentDirectors of the Company meet with the criteria of their Independence laid down in Section149(6) (Annexure I).

10. COMPOSITION OF THE AUDIT COMMITTEE NOMINATION AND REMUNERATION COMMITTEE &STAKEHOLDERS RELATIONSHIP COMMITTEE:

Following are the compositions of various Committees:

Up to 15.11.2017 Post 15.11.2017
i) Audit Committee:
a) Mr. S. Radhakrishnan Mr. Mohan S - Chairman
b) Mr. Sudhir Kumar Hasija Mr. Sudhir Kumar Hasija - Member
c) Mr. M V Sampath Kumar Mr. M V Sampath Kumar - Member
d) Mrs. Gauri A Mehta Mrs. Gauri A Mehta - Member

ii) Nomination and Remuneration Committee

a) Mr. Sudhir Kumar Hasija Mr. Sudhir Kumar Hasija - Chairman
b) Mr. S. Radhakrishnan Mr. Mohan S - Member
c) Mr. M V Sampath Kumar Mr. M V Sampath Kumar - Member
d) Mrs. Gauri A Mehta Mrs. Gauri A Mehta - Member

iii) Stakeholders' Relationship Committee:

a) Mr. Sudhir Kumar Hasija Mr. Sudhir Kumar Hasija - Chairman
b) Mr. S. Radhakrishnan Mr. Mohan S - Member
c) Mr. M V Sampath Kumar Mr. M V Sampath Kumar - Member
d) Mrs. Gauri A Mehta Mrs. Gauri A Mehta - Member

iv) Corporate Social Responsibility Committe:

a) Mr. M V Sampath Kumar Mr. M V Sampath Kumar - Chairman
b) Mr. Sudhir Kumar Hasija Mr. Sudhir Kumar Hasija - Member
c) Mrs. Gauri A Mehta Mrs. Gauri A Mehta - Member

11. VIGIL MECHANISM:

Your Company has established Whistleblower Policy for Vigil Mechanism (for Directorsand Employees to report genuine concerns) pursuant to the provisions of Section 177(9)& (10) of the Companies Act 2013 and as per Regulation 22 of the SEBI (Listingobligations and Disclosure Requirements) Regulations 2015 which is available on thewebsite of the Company http://www.mro-tek.com/pdf/Whistle%20Blower%20 Policy.pdf.

12. DIRECTORS' RESPONSIBILITY STATEMENT:

In pursuance of Section 134 (5) of the Companies Act 2013 the Directors herebyconfirm that:

(a) I n the preparation of the Annual Accounts the applicable Accounting Standards hadbeen followed along with proper explanation relating to material departures;

(b) The Directors had 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;

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

(d) The Directors had prepared the annual accounts on a going concern basis; and

(e) The Directors had laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and were operatingeffectively.

(f) The Directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

13. EXTRACT OF ANNUAL RETURN:

As required under Section 92(3) of the Companies Act 2013 and Rule 12(1) of theCompanies (Management and Administration) Rules 2014 an extract of Annual Return inMGT-9 form attached as a part of this Annual Report (Annexure II).

14. AUDITORS:

The Auditors Messrs K. S. Aiyar and Co Chartered Accountants (registered with ICAIFirm Registration Number is 100186W who were appointed in the 33rd Annual General Meetingheld on 28th September 2017 for a period of 4 years continue to act asStatutory Auditors of the Company for the Financial year 201819 and ratification of theirappointment is not required as per the amended provisions of the Companies Act 2013.

15. SECRETARIAL AUDIT:

The Secretarial Audit for the Financial year 201718 was conducted as required underSection 204 of the Companies Act 2013 by Mr. Vijayakrishna K T Company Secretary interms of Section 204(3) of the Act. The Secretarial Audit report is enclosed to the Reportof the Board of Directors in terms of Section 134(3) (f) read with Section 204 (1) of theAct is annexed to this Report (Annexure III).

16. DISCLOSURE ABOUT COST AUDIT:

Pursuant to Section 148 of the Companies Act 2013 read with The Companies (CostRecords and Audit) Rules 2014 dated December 31 2014 issued by Ministry of CorporateAffairs (MCA) the cost audit records maintained by the such Companies as may beprescribed in respect of the products covered as per the above dated notification issuedby the MCA is required to be audited by an Cost Accountant.

However the Company not being a prescribed Company as per the rules the Cost Audit isnot applicable for the year under Report.

17. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:

(a) Conservation of Energy:

Your Company is duly certified under ISO/IEC 27001:201 (Information security ManagementSystem) and ISO/IEC 20000-1:2011 (Information Technology services Management System).Every possible effort is being made/introduced to conserve and avoid wastage of energy.

Adequate facilities have been installed for rain water harvesting recycling of usedwater solar- powered energy and maximum usage of natural lighting and ventilation andthus implementing Go Green Policy in its total spirit.

(b) Technology Absorption:

Efforts also continue to maximize utilization of the technological skills in findingstate-of- the-art solutions to provide more effective and revolutionary solutions forall segments of Networking Products Industry.

During the year no amount was incurred towards Capital Expenditure in this division. Onrevenue account an amount of Rs. 1614481/- (Prev. year-Rs. 2968580/-)was expended andabsorbed in these accounts in accordance with the applicable Accounting Standards.

The in-house technical and commercial teams consistently engage themselves in theirendeavor to indigenize technology and components as well as implementation ofvalue-engineering and cost-saving methods.

(c) Foreign Exchange Earnings and Outgo:

Full details of foreign exchange earnings and expenditure are furnished under Para (e)of Note 26 II on 'Notes on accounts and other explanatory information.

18. DEPOSITS:

Your Company has not invited/accepted/renewed any deposits from the public as definedunder the provisions of Companies Act 2013 and accordingly there were no deposits whichwere due for repayment on or before 31st March 2018.

19. INTERNAL CONTROL SYSTEMS & THEIR ADEQUACY:

The Company continued to maintain high standards of internal control designed toprovide adequate assurance on the efficiency of operations and security of its assets. Theadequacy and effectiveness of the internal control across various activities as well ascompliance with laid-down systems and policies are comprehensively and frequentlymonitored by your Company's Management at all levels of the organization.

The Audit Committee which meets at least four times a year actively reviews internalcontrol systems as well as financial disclosures statutory compliances with adequateparticipation inputs from the Statutory Internal and Corporate Secretarial Auditors.

20. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS:

The Company has not made any loan guarantees or investments of any nature during theyear under review.

21. RISK MANAGEMENT POLICY:

The Company has formulated a Risk Management Policy and has in place a mechanism toinform the Board about risk assessment and minimization procedures and periodical reviewto ensure that executive Management controls risk by means of a properly designedframework. The policy details available at this link http://www.mro-tek.com/pdf/MRO-TEK-Risk Management Management Policy.pdf

22. RISK AND AREA OF CONCERN:

The Company laid down a well defined risk Management mechanism covering the riskmapping and trending analysis risk exposure potential impact and risk mitigatingprocess. A detailed exercise is being carried out to identify evaluate manage andmonitor and non business risk. The Audit Committee Risk Management Committee and theBoard periodically review the risks and suggest steps to be taken to manage/mitigate thesame.

During the year a risk analysis and assessment was conducted and no major risks werenoticed which may threaten the existence of the Company.

23. NOMINATION AND REMUNERATION COMMITTEE POLICY:

The Board has on the recommendation of the Nomination & Remuneration Committeeframed a policy for selection and appointment of Directors Senior Management and forother employees and their remuneration. The same has been disclosed in the website athttp//www.mro-tek.com/pdf/Nomination and Remuneration Policy.pdf /

24. CORPORATE SOCIAL RESPONSIBILITY:

The Company has continuously been incurring losses from past years except last twofinancial year. Hence the Company was not required to incur any CSR Expenditures duringthe year.

However your Company has been taking and encouraging employees to take part in theSwache Bharat Abhiyan and other social work.

25. RELATED PARTY TRANSACTIONS:

All Related Party Transactions which were entered into during the financial year wereon an arm's length basis and were in the ordinary course of business. There are nomaterially significant Related Party Transactions made by the Company with PromotersDirectors Key Managerial Personnel or other designated persons which may have a potentialconflict with the interests of the Company at large.

All Related Parties Transactions are placed before the Audit Committee and also theBoard for approval. Prior omnibus approval of the Audit Committee was obtained on aquarterly basis for the transactions which are of a foreseen and repetitive nature. Thetransactions entered into pursuant to the omnibus approval so granted are audited and astatement giving details of all Related Parties Transactions are placed before the AuditCommittee and the Board of Directors for their approval on a quarterly basis.

The policy on Related Party Transactions as approved by the Board is uploaded on theCompany's website. Web link for the same is http://mro-tek.com/pdf/ 20 5 15 RPT Policy.pdfand also Particulars of Contracts or Arrangements with Related parties referred to inSection 188(1) in Form AOC- 2 annexed to this report as (Annexure IV).

26. ANNUAL BOARD EVALUATION:

Pursuant to the provisions of the Companies Act 2013 and Regulation 17 (10) of theSEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 the Board hascarried out an annual performance evaluation of its own performance the Directorsindividually as well as the evaluation of the working of its Audit Nomination &Remuneration and Compliance Committees.

27. RATIO OF REMUNERATION TO EACH DIRECTOR:

Details/Disclosures of Ratio of Remuneration to each Director to the median employee'sremuneration are annexed to this report as (Annexure-V).

28. LISTING WITH STOCK EXCHANGES:

The Equity shares of the Company are continued to be listed on the BSE Limited (BSE)Mumbai and the National Stock Exchange of India Ltd (NSE) Mumbai. The Company confirmsthat it has paid the Annual Listing Fees for the year 2018-19 to NSE and BSE where theCompany's Shares are listed.

The Board of Directors has authorized Chairman Managing Director and the ChiefFinancial Officer severally for reporting disclosure of the material events if any interms of Regulations 30 of the said Regulations.

29. CORPORATEGOVERNANCEANDSHAREHOLDERS INFORMATION:

As required under the Companies Act 2013 your Company has taken adequate steps toadhere to all the stipulations laid down under Regulation 34 read with Schedule V of theSEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. A report onCorporate Governance is included as a part of this Annual Report as (Annexure -VI).

Certificate from a Practising Company Secretary confirming the compliance with theconditions of Corporate Governance as stipulated under Regulation 33 of SEBI (ListingObligations and Disclosure Requirements) Regulations 2015 obtained is attached to thisreport.

30. CAPITAL EXPENDITURE:

As on 31st March 2018 the gross tangible and intangible assets stood at Rs. 966 62703/- and the net tangible and intangible assets at Rs 74717931/-. Additions duringthe year amounted to Rs. 74717930/. The Company has recognized impairment loss of Rs766099/- during the year.

31. JOINT VENTURE:

Your Company had received the capital contribution and Balance over & above theCapital Contribution amount of Rs. 7252000/- (Rupees Seventy two lakhs fifty twothousand only) and Rs. 9282560 ( Rupees Ninety two Lakhs eighty two thousand fivehundred and sixty only) in the voluntary liquidation process.

Your Company owns 49% shareholding in the Joint Venture Company.

32. MATERIAL ORDER PASSED BY ANY COURT OR REGULATOR OR TRIBNUALS IMPACTING GOINGCONCERN STATUS OF COMPANY:

No order was passed by any court or regulator or tribunal during the period underreview which in the opinion of the Board affects going concern status of the Company.

33. INDUSTRIAL RELATIONS:

Industrial relations have been cordial and constructive which have helped your Companyto achieve production targets.

34. 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 requirementsof the Sexual Harassment of Women at the Workplace (Prevention

Prohibition & Redressal) Act 2013. Internal Complaints Committee (ICC) has beenset up to redress complaints received regarding sexual harassment. All employees(permanent contractual temporary trainees) are covered under this policy.

The following is a summary of sexual harassment complaints received and disposed offduring the year 2017-18:

No of complaints received : NIL
No of complaints disposed off : NIL

35. CODE OF CONDUCT:

In terms of Regulation 26(3) of the SEBI (Listing Obligations and DisclosureRequirements) Regulation 2015 all the Member s of the Board and Senior ManagementPersonnel have affirmed compliance with the Code of Conduct of the Board of Directors andSenior Management for the year FY 2017-18. As required under Schedule V (D) of the saidRegulations a declaration signed by the Managing Director and Chief Finance Officer ofthe Company stating that the Member s of the Board and the Senior Management Personnelhave affirmed compliance of their respective code of Conduct.

36. DISCLOSURE ON CONFIRMATION WITH SECRETARIAL STANDARDS

The Directors confirm that the Secretarial Standards issued by the Institute of CompanySecretaries of India have been duly complied

37. ACKNOWLEDGEMENTS

Your Directors would like to acknowledge the role of all its Stakeholders vizShareholders Bankers Lenders Customers Vendors and all other acquaintances for theircontinued to support to your Company and the confidence and faith that they have alwaysreposed in your Company.

Your Directors acknowledge and appreciate the guidance and support extended by all theGovernmental agencies the Regulatory authorities including Securities Exchange Board ofIndia (SEBI) Ministry of Corporate Affairs (MCA) Registrar of Companies KarnatakaStock Exchanges BSE/NSE and the NSDL/CDSL.

For & on behalf of the Board of Directors
For Mro- Tek Realty Limited
SD/-
Aniruddha Bhanuprasad Mehta
Chairman & Managing Director
DIN: 00720504
Place: Bengaluru
Date : 23 .05.2018