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NMS Resources Global Ltd.

BSE: 522289 Sector: Others
NSE: N.A. ISIN Code: INE169F01014
BSE 00:00 | 17 May NMS Resources Global Ltd
NSE 05:30 | 01 Jan NMS Resources Global Ltd
OPEN 5.88
PREVIOUS CLOSE 5.88
VOLUME 2
52-Week high 6.35
52-Week low 4.47
P/E 42.00
Mkt Cap.(Rs cr) 2
Buy Price 5.89
Buy Qty 20.00
Sell Price 6.18
Sell Qty 20.00
OPEN 5.88
CLOSE 5.88
VOLUME 2
52-Week high 6.35
52-Week low 4.47
P/E 42.00
Mkt Cap.(Rs cr) 2
Buy Price 5.89
Buy Qty 20.00
Sell Price 6.18
Sell Qty 20.00

NMS Resources Global Ltd. (NMSRESOURCES) - Director Report

Company director report

Dear Stakeholders

Your Directors take pleasure in presenting the 32nd Annual Report onthe business and operation of the Company along with Audited Accounts for the financialyear ended 31st March 2018.

ABOUT YOUR COMPANY

NMS Resources Global Limited (Formerly 'IFM Impex Global Limited') is apublic limited company listed on India's premiere Stock Exchange BSE Limited and MSEI(Metropolitan Stock Exchange of India Limited) and engaged in the business of ConsultancySkill Development infrastructure as well as Pay roll services.

FINANCIAL RESULTS

(Rs. in Lakhs)

2017-18

2016-17

Revenue from Operation

18.76

10.26

Other Income

0.00

0.04

Total Expenses

14.76

15.15

Profit/(Loss) before depreciation Finance cost tax and Exceptional Items

4.12

(4.68)

Exceptional Items

2.36

-

Profit/(Loss) before depreciation Finance cost tax (after Exceptional Items)

1.76

(4.68)

Less: Finance Cost & Depreciation

0.13

0.17

Profit/(Loss) before tax

1.64

(4.84)

Less: Tax Expenses

(0.11)

0.00

Profit/(Loss) After Tax

1.75

(4.84)

REVIEW OF OPERATIONS AND FUTURE PROSPECTS

During the year under review the company has earned total revenue ofRs. 18.75 Lakhs from operation and earned net profit of Rs. 1.75 Lakhs which isapproximately 136.12 % increase in comparison of previous year. Company has engaged in thebusiness of consultancy skill development. These are services perform extremely well inthe present as well as future.

DIVIDEND

In view of losses of current and past years your directors do notrecommend any dividend for the financial year ended March 31 2018. The Board assures youto present a much strong financial statements in coming years.

TRANSFER TO RESERVES

The profits transferred and other additions to reserves are as follows:

Amount in Rs.

2017-18

F.Y. 2016-17

1 Capital Reserve

0.00

0.00

2 Capital Redemption Reserve

0.00

0.00

3 Securities Premium reserve

0.00

0.00

4 Debenture Redemption Reserve

0.00

0.00

5 Revaluation Reserve

0.00

0.00

6 Shares Option Outstanding Account

0.00

0.00

7 Other Reserve

0.00

0.00

8 Surplus (Profit & Loss Account)

(17204136)

(17379181)

Balance brought forward from previous year

(17379181)

(16894594)

Less: Tax on Regular Assessment Paid

0.00

0.00

Add: Profit/Loss for the period

175045

(484587)

Total

(17204136)

(17379181)

MATERIAL CHANGES FROM END OF FINANCIAL YEAR TO DATE OF REPORT

There are material change and commitment affecting the financialposition of Company which has occurred between the end of financial year of the Company towhich the financial statements relate and the date of this report other than thosedisclosed in the Annual report.

The Company has changed its object clause and diversifies itsbusiness(s) into the field of contracting services like Civil Construction Pre-EngineeredBuildings Skill Development Financial Consultancy and Engineering Services and adoptsnew set of Memorandum and Article of Association of the Company. Earlier the Companyworked with the object of Food related work now the company is starting work as aconsultancy services after the alteration of object clause of the Company.

In line with the change of object of the company Company has changedits name from 'IFM Impex Global Limited' to 'NMS Resources Global Limited'.

CHANGE IN NATURE OF BUSINESS

During the period under review the Company has changed its nature ofbusiness; diversify into the field of contracting services like Civil ConstructionPre-Engineered Buildings Skill Development Financial Consultancy and EngineeringServices.

AUDITORS

M/s N Kantan & Associates Chartered Accountant (FRN: 014757C)were appointed as auditors of the Company for auditing the accounts of the Company from31.08.2018 for a period of five financial years 2022-23 being the last financial year andthus the appointment of the said Auditors shall effective until the Annual General Meetingto be held in the calendar year 2023.

There are no qualifications in statutory audit report audited by theearlier auditor M/s. Neeraj Ramesh Chandra and Associates. The comments in the AuditorsReport read with the notes to the accounts are self-explanatory and do not call forfurther explanation.

AUDITORS' REPORT

The Auditors' report on the financial statement for the financial year2017-18 is self explanatory. SECRETARIAL AUDITOR

The Board has appointed M/s SVR & Co. Company Secretaries toconduct Secretarial Audit under the provisions of Section 204 of the Companies Act 2013for the financial year 2017-18. The Secretarial Audit Report for the financial year ended31st March 2018 is annexed herewith and marked as Annexure I to this Report.

MATTER OF EMPHASIS OF SECRETARIAL AUDITORS AND MANAGEMENT'S REPLYEmphasis of Matter

i. During the reporting period the Company had not filled the vacanciesof KMPs within the prescribed time as per the provisions of Section 203 of the CompaniesAct 2013 Although KMPs were appointed later during the reporting period.

ii. As represented by the management of the Company the Company hadnot paid the listing fees for the financial year 2017-18 in the prescribed time.

Management's Reply:

Due to adverse business scenario the business of the company was notas per the projections of the directors of the company. Accordingly the board of directorsdecided to change the business sector and improved the financial of the company and filledthe vacancies of KMPs. Further now the company is in the process of the payment of thelisting fee of the concern stock exchanges.

DIRECTORS

In accordance with the requirements of the Companies Act 2013 and theCompany's Articles of Association Mr. Om Pal Yadav Executive Director of the Companyretires by rotation and shown her willingness for Re-appointment.

On the recommendation of Nomination and Remuneration Committee theBoard had appointed Mr. Pankaj Chander (DIN: 00053351) as a Non-Executive Director of theCompany. As per the provisions of the Act Mr. Pankaj Chander holds office up to the dateof the ensuing Annual General Meeting of the Company.

Your Company has received notice under Section 160 of the Act from amember proposing appointment of Mr. Pankaj Chander as a Non-Executive Director on theBoard of your Company. Accordingly the necessary resolution seeking approval of themembers for appointment of Mr. Pankaj Chander has been incorporated in the Notice of theensuing Annual General Meeting.

On the recommendation of Nomination and Remuneration Committee theBoard had appointed Mrs. Meenakshi Gupta (DIN: 01261976) as a Non-Executive Director ofthe Company. As per the provisions of the Act Mrs. Meenakshi Gupta (DIN: 01261976) holdsoffice up to the date of the ensuing Annual General Meeting of the Company.

Your Company has received notice under Section 160 of the Act from amember proposing appointment of Mrs. Meenakshi Gupta (DIN: 01261976) as a Non-ExecutiveDirector on the Board of your Company. Accordingly the necessary resolution seekingapproval of the members for appointment of Mrs. Meenakshi Gupta has been incorporated inthe Notice of the ensuing Annual General Meeting.

Recommendation of the Nomination and Remuneration Committee the Boardhad appointed Mr. Ravinder Dixit (DIN: 00309588) as the additional Independent Director ofthe Company with effect from 04th January 2018 for a period of 5 years.

As per the provisions of the Act Mr. Ravinder Dixit holds office up tothe date of the ensuing Annual General Meeting of the Company.

Your Company has received notice under Section 160 of the Act from amember proposing appointment of Mr. Ravinder Dixit as an Independent Director on the Boardof your Company. Accordingly the necessary resolution seeking approval of the members forappointment of Mr. Ravinder Dixit has been incorporated in the Notice of the ensuingAnnual General Meeting.

Based on the recommendation of Nomination and Remuneration Committeethe Board had appointed Mr. Hari Prakash Gupta (DIN: 06847881) as the additionalIndependent Director of the Company with effect from 04th January 2018 for a period of 5years.

As per the provisions of the Act Mr. Hari Prakash Gupta holds officeup to the date of the ensuing Annual General Meeting of the Company.

Your Company has received notice under Section 160 of the Act from amember proposing appointment of Mr. Hari Prakash Gupta as an Independent Director on theBoard of your Company. Accordingly the necessary resolution seeking approval of themembers for appointment of Mr. Hari Prakash Gupta has been incorporated in the Notice ofthe ensuing Annual General Meeting.

Further based on the recommendation of the Nomination and RemunerationCommittee the Board had appointed Mr. Rajiv Bajpai (DIN: 05169212) as the additionalIndependent Director of the Company with effect from 04th January 2018 for a period of 5years.

As per the provisions of the Act Mr. Rajiv Bajpai holds office up tothe date of the ensuing Annual General Meeting of the Company.

Your Company has received notice under Section 160 of the Act from amember proposing appointment of Mr. Rajiv Bajpai as an Independent Director on the Boardof your Company. Accordingly the necessary resolution seeking approval of the members forappointment of Mr. Rajiv Bajpai has been incorporated in the Notice of the ensuing AnnualGeneral Meeting.

On the recommendations of Nomination and Remuneration Committee theBoard had re-appointed Mr.

Om Pal Yadav (DIN: 01607006) as the Managing Director of the Companyfor the period of Five years with effect from 5th August 2019 to 4th August 2024.

Brief profiles of the Directors proposed to be appointed/re-appointedat the ensuing Annual General Meeting are annexed to the Notice convening Annual GeneralMeeting.

The Board recommends their appointment at the ensuing Annual GeneralMeeting.

Declaration by Independent Directors

The Company has received declarations from all the IndependentDirectors of the Company confirming that they meet the criteria of independence asprescribed under Section 149(6) of the Companies Act 2013 read with Regulation 25 of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

CHIEF FINANCIAL OFFICER

Pursuant to the provisions of Section 203 of the Companies Act 2013appointment of Mr. Rahul Taneja Chief Financial Officer was formalized as the KeyManagerial Personnel of the Company.

KEY MANAGERIAL PERSONNEL

In accordance with the provisions of Section 203 of the Act thefollowing personnel have been designated as the Key Managerial Personnel of the Company:

Name Designation
Om Pal Yadav Managing Director
Abhineet Srivastava Company Secretary
Rahul Taneja Chief Financial Officer

BOARD EVALUATION

The Board of Directors has carried out an annual evaluation of its ownperformance and individual directors pursuant to the provisions of the Companies Act2013. The performance of the Board was evaluated by the Board on the basis of the criteriasuch as the Board composition and structure effectiveness of Board process informationand functioning etc. The Board and Nomination and Remuneration Committee reviewed theperformance of the individual directors on the basis of the criteria such as thecontribution of individual director to the Board and committee meetings like preparednesson the issue to be discuss meaningful and constructive contribution and inputs inmeetings etc. In a separate meeting of independent directors performance ofnon-independent director performance of the Board as a whole and performance of Chairmanwas evaluated.

EFFICIENT INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Adequate internal controls have been laid down by the Company tosafeguard and protect its assets as well as to improve the overall productivity of itsoperations. All the transactions are properly authorized recorded and reported to themanagement. The Company is following applicable Accounting Standards for properlymaintaining the books of accounts and reporting financial statements. The detailed processof review not only ensures reliability of control systems and legal compliances withapplicable legislation defined policies and processes but also reviews efficiency ofsystems and ensures safeguarding of tangible and intangible assets.

NOMINATION & REMUNERATION POLICY

The Board of Directors on the recommendation of the Nomination &Remuneration Committee framed a policy for selection and appointment of Directors KeyManagerial Personnel Senior Management and their remuneration as required under Section178 of the Companies Act 2013. The Nomination & Remuneration Policy of the Company isannexed herewith and marked as Annexure II to this Report.

RISK MANAGEMENT

The Company has a Risk Management Manual in place that defines thepolicies lays out the strategies and methodology to decide on the risk taking ability ofthe organization.

The Company constantly reviews its exposure to various types of riskwhether it be regulatory operational environmental financial or political. The Companyhas in place adequate systems to ensure compliance with all regulatory and statutorymatters reviews the same on a periodic basis and takes appropriate corrective action whennecessary.

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report as required under Regulation34 of the SEBI Listing Regulations is annexed as Annexure III to this Board Report.

CORPORATE GOVERNANCE REPORT

Your Company believes and preached the Corporate Governance practiceswhich are in line with legal requirements of Regulation 27 of SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 and Companies Act 2013. The Company hasadopted the practices which are prevalent in the industry. Further Regulation 15 ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulation 2015 has exempted certain Companies from mandatory Compliance of provision ofRegulation 27 of listing agreement under SEBI(Listing Obligation and DisclosureRequirement) Regulation 2015 entered in to with the Stock Exchange where the Share of theCompany are listed. In terms of said regulation every Company which has paid up capitalless than Rs. 10 Crore and Net worth less than Rs. 25 Crore are exempted from complyingwith the provisions of Regulation 15 of SEBI(Listing Obligation and DisclosureRequirements) Regulation 2015.

The Paid up capital of your company is less than Rs. 10 Crore and Networth is less than 25 Crore therefore your Company is exempted from the complying with theprovision of regulation 27 however your director assure you that your company willcontinue to follow the good corporate governance practices.

DIRECTOR'S RESPONSIBILITY STATEMENT

The Board of Directors acknowledges the responsibility for ensuringcompliance with the provisions of Section 134(3)(c) read with Section 134(5) of theCompanies Act 2013 in the preparation of the annual accounts for the year ended 31stMarch 2018 and state that:

a. in the preparation of the annual accounts for the financial yearended on 31st March 2018 the applicable accounting standards had been followed alongwith proper explanation relating to material departures;

b. the directors had selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the profit and loss of the company for that period;

c. the directors had taken proper and sufficient care for themaintenance of adequate accounting records in accordance with the provisions of this Actfor safeguarding the assets of the company and for preventing and detecting fraud andother irregularities;

d. the directors had prepared the annual accounts on a going concernbasis;

e. the directors had laid down internal financial controls to befollowed by the company and that such internal financial controls are adequate and wereoperating effectively; and

f. the directors had devised proper systems to ensure compliance withthe provisions of all applicable laws and that such systems were adequate and operatingeffectively.

PARTICULARS OF EMPLOYEES

Particulars of employees as required under Rule 5(2) of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 are required to beannexed to the Board's Report. In accordance with the provisions of Section 136 of theAct the Annual Report excluding the aforesaid information is being sent to all themembers of the Company and others entitled thereto. Any member interested in obtainingsuch particulars may write to the Company Secretary at the Registered Office of theCompany.

PARTICULARS OF REMUNERATION

The information required under Section 197(12) of the Companies Act2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014

i) The ratio of the remuneration of each Director to the medianremuneration of the employees of the Company for the financial year 2017-18:

No Director has drawn any remuneration from the Company during thefinancial year 2017-18 therefore ratio of remuneration of each director the medianremuneration of the employees of the Company is not ascertainable.

ii) the percentage increase in remuneration of each Director ChiefFinancial Officer Chief Executive Officer Company Secretary or Manager if any in thefinancial year 2017-18:

No Director Chief Financial Officer has drawn any remuneration fromthe Company during the financial year 2017-18. Therefore increase in remuneration of eachdirector and CFO is not ascertainable.

iii) The percentage increase in the median remuneration of employees inthe financial year 2017-18: Not Ascertainable as the Company has no permanent employee.

iv) The number of permanent employees on the rolls of company: Two

v) Average percentile increase already made in the salaries ofemployees other than the managerial personnel in the last financial year and itscomparison with the percentile increase in the managerial remuneration and justificationthereof and point out if there are any exceptional circumstances for increase in themanagerial remuneration:

Amount in Rs.

2017-18

2016-17

Increase/Decrease in %

Average Salary of Employee other than key Managerial Personnel (Per Annum)

N.A.

N.A.

N.A.

Managing Director/Director/CFO

Nil

Nil

Nil

(As the Company has only one permanent employee therefore averagesalary is not ascertainable

vi) The key parameters for any variable component of remunerationavailed by the Directors:

The key parameters for the variable component of remuneration if anyavailed by the Directors are considered by the Board of Directors based on therecommendations of the Nomination and Remuneration Committee as per the Nomination &Remuneration Policy for Directors.

vii) Affirmation that the remuneration is as per the remunerationpolicy of the Company:

Remuneration is paid to the Key Managerial personal (i.e. CFO andCompany Secretary) of the Company. It is hereby affirmed that the remuneration paid is asper the Nomination and Remuneration Policy of the Company.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

There were no contracts or arrangements entered into by the Company inaccordance with the Section 188 of the Companies Act 2013. However the details of thetransactions with related party are provided in the accompanying financial statements.Related party transactions are subject to the Audit Committee and the Board for approval.

The policy on materiality of related party transactions and dealingwith related party transactions as approved by the Board can be accessed on the Company'swebsite at the link: www.ifmimpex.com/ www.nmsresourcesglobal.com

GREEN INITIATIVE

Members are aware that the Company had started a sustainabilityinitiative with the aim of going green and minimizing the impact on the environment. Likethe previous year electronic copies of the Annual Report 2017-18 and Notice of the 32ndAGM are being sent to all Members whose email addresses are registered with the Company /Depository Participant(s). For Members who have not registered their email addressesphysical copies of the Annual Report 2017-18 and the Notice of the 32nd AGM are sent inthe permitted mode. Members requiring physical copies can send a request to the CompanySecretary.

The Company is providing remote e-voting facility to all Members toenable them to cast their votes electronically on all resolutions set forth in the Noticeof the AGM. This is pursuant to Section 108 of the Companies Act 2013 and Rule 20 of theCompanies (Management and Administration) Rules 2015 read with Regulation 44 of the SEBIListing Regulations 2015. The instructions for remote e-voting are provided in the Noticeof the AGM.

LISTING ON THE STOCK EXCHANGE

The Company's shares are listed with BSE Limited and MSEI (MetropolitanStock Exchange of India Limited).

CHANGES IN SHARE CAPITAL

The Authorized Share Capital of the company is Rs. 55000000 dividedinto 5500000 equity shares of Rs.10/- each. During the period under review the saidcapital has not been raised by the company. The Issued Subscribed & Paid-up Capitalremains is Rs. 30056000/-.

There has been no change in the share capital of the Company during theyear.

INTERNATIONAL SECURITY IDENTIFICATION NUMBER (ISIN)

Your Company has admitted its securities with National ServicesDepository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) to enableour shareowners to hold their shares in Dematerialized form. International SecurityIdentification Number (ISIN) of your Company is INE169F01014.

COMMITTEES OF THE BOARD

The Committees of the Board focus on certain specific areas and makeinformed decisions in line with the delegated authority. The following substantiveCommittees constituted by the Board function according to their respective roles anddefined scope:

Audit Committee

Nomination and Remuneration Committee

• Stakeholder Relationship Committee

• Risk Management Committee

DISCLOSURES:

A) EXTRACT OF ANNUAL RETURN

Extract of Annual Return of the Company is annexed herewith asAnnexure-IV to this Report.

B) MEETINGS OF THE BOARD

During the financial year ended March 31 2018 6 meetings of the Boardof Directors were held four times as per the statutory minimum requirement. None of thetwo Board Meetings have a gap of more than 120 days between them. The dates of meetingsare mentioned below:

DATE

1.

27.05.2017

2.

26.07.2017

3.

11.08.2017

4.

25.08.2018

5.

13.11.2017

6.

04.01.2018

7.

09.02.2018

8.

19.03.2018

C) COMPOSITION OF AUDIT COMMITTEE

The Audit Committee as on date comprises of three members includingone is Non-Executive Director viz. Mr. Pankaj Chander and two are Independent Nonexecutive director viz. Mr. Rajiv Bajpai and Mr. Ravinder Dixit. Mr. Pankaj Chander isheading the Committee.

D) COMPOSITION OF NOMINATION AND REMUNERATION COMMITTEE

The Nomination and Remuneration Committee as on date comprises of threemembers viz. Mr. Pankaj Chander Mr. Rajiv Bajpai and Mr. Hari Prakash Gupta. Mr. PankajChander is heading the Committee.

E) COMPOSITION OF STAKEHOLDER RELATIONSHIP COMMITTEE

The Stakeholder Relationship Committee as on date comprises of threemembers including one is Managing Director viz. Mr. O. P. Yadav and two are Non executivedirectors viz. Mr. Pankaj Chander and Mr. Rajiv Bajpai. Mr. O. P. Yadav is heading theCommittee.

F) RISK MANAGEMENT COMMITTEE

The Risk Management Committee as on date comprises of three membersincluding one is Director Mr. Pankaj Chander and two other Director viz. Mr. Rajiv Bajpaiand Mr. Om Pal Yadav. Mr. Pankah Chander is heading the Committee.

G) VIGIL MACHANISM/WHISTLE BLOWER POLICY

Pursuant to Section 177 of the Companies Act 2013 the Board ofDirectors has adopted a vigil mechanism/whistle blower policy of the Company.

The company's attitude towards unethical behavior actual or suspectedfraud or violation of the company's code of conduct or ethics policy is very strict. Thecompany follows absolute intolerance for such matters and expect the directors andemployees to report genuine concerns about such abuse. The vigil mechanism/whistle blowerpolicy can be accessed on the Company's website at the link: www.ifmimpex.com /www.nmsresourcesglobal.com

H) DISCLOSURE AS PER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE(PREVENTION PROHIBITION AND REDRESSAL) ACT 2013

The Company has zero tolerance towards sexual harassment at workplaceand during the year under review your Board has constituted an Internal ComplaintsCommittee to consider and redress complaints of sexual harassment & also adopted apolicy on prevention prohibition and redressal of sexual harassment at workplace in linewith the provisions of Sexual Harassment of Women at Workplace (Prevention Prohibitionand Redressal) Act 2013 and the rules framed thereunder.

During the financial year 2017-18 the Company has received nocomplaints on sexual harassment.

I) PATICULARS OF LOANS GIVEN INVESTMENT MADE GUARANTEES GIVEN ANDSECURITY PROVIDED

Particulars of loans given investments made guarantees given andsecurities are provided in the financial statements. Nil

J) GENERAL

Your Directors state that no disclosure or reporting is required inrespect of the following items as there were no transactions on these items during theyear under review:

1. Details relating to deposits covered under Chapter V of theCompanies Act 2013.

2. Issue of equity shares with differential rights as to dividendvoting or otherwise.

3. Issue of shares (including sweat equity shares) to employees of theCompany under any scheme.

4. The Managing Directors of the Company did not receive anyremuneration or commission from subsidiary.

5. No significant or material orders were passed by the Regulators orCourts or Tribunals which impact the going concern status and Company's operations infuture.

SUBSIDIARY COMPANY

The Company does not have any subsidiary or associate company.

PARTICULARS OF CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION ANDFOREIGN EXCHANGE EARNINGS AND OUT GO.

Information required to be given pursuant to section 134(3)(m) of theCompanies Act 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 andforming part of the Director's report for the year ended 31st March 2018 are given below:

A. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION

(i) the steps taken or impact on conservation of energy;

Your Company is primarily engaged in the business of Trading andconsultancy which does not require the Electricity or Power consumption on large scale.However Your Company is conscious about its responsibility to conserve energy power andother energy sources wherever possible. We emphasis towards a safe and clean environmentand continue to adhere to all regulatory requirements and guidelines.

(ii) the steps taken by the company for utilizing alternate sources ofenergy;

The Company has been taking energy saving measures viz. Use of energysaver electrical equipments LED fittings are provided inside the building for common arealighting in the Company Efficient ventilation system in the office of the Company.

(iii) the capital investment on energy conservation equipments;

Your company has nil capital investment on energy conservationequipments.

B. Technology absorption-

(i) the efforts made towards technology absorption; N.A.

(ii) the benefits derived like product improvement cost reductionproduct development or import substitution; N.A.

(iii) in case of imported technology (imported during the last threeyears reckoned from the beginning of the financial year)- N.A.

(a) the details of technology imported; N.A.

(b) the year of import; N.A.

(c) whether the technology been fully absorbed; N.A.

(d) if not fully absorbed areas where absorption has not taken placeand the reasons thereof; and

(iv) the expenditure incurred on Research and Development. N.A.

C. FOREIGN EXCHANGE EARNINGS & OUTGO

Foreign Exchange Earnings & Outgo: Nil

ACKNOWLEDGEMENT

Directors wish to place on record their deep thanks and gratitude to;

a) The Government as well as their respective Departments connectedwith the business of the Company Bankers of the Company for their co-operation andcontinued support.

b) The Shareholders Suppliers and Contractors for the trust andconfidence reposed and to the Customers for their valued patronage.

c) The Board also takes this opportunity to express its sincereappreciation for the efforts put in by the officers and employees at all levels inachieving the results and hopes that they would continue their sincere and dedicatedendeavour towards attainment of better working results during the current year.

By Order of the Board of Director NMS RESOURCES GLOBAL LIMITED

Sd/-

Sd/-

Om Pal Yadav

Pankaj Chander

(Managing Director)

(Director)

DIN:01607006

DIN: 00053351

Add: C-351/9 Majlis

Add: 201 AGCR ENCLAVE

Park Adarsh Nagar Delhi 110033

Delhi 110092

Reg. Office:

H. No. 48 Hasanpur

I. P. Extension Delhi Delhi-110092

Date: 01.09.2018 Place: New Delhi