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Patidar Buildcon Ltd.

BSE: 524031 Sector: Infrastructure
NSE: N.A. ISIN Code: INE637N01014
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OPEN 8.71
CLOSE 9.16
VOLUME 589
52-Week high 11.59
52-Week low 4.63
P/E 59.06
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Patidar Buildcon Ltd. (PATIDARBUILDCON) - Director Report

Company director report

To

The Members

PATIDAR BUILDCON LIMITED

Your Directors have pleasure in presenting their 33RDAnnual Report on thebusiness and operations of the Company and the accounts for the Financial Year ended March31 2022.

1. FINANCIAL SUMMERY& HIGHLIGHTS:

The summarized Audited Standalone Financial Performance of your Company for theFinancial Year 2021-22 and the previous Financial Year 2020-21 is tabled below:

(Rs. in lacs)

PARTICULARS 2021-22 2020-21
Revenue from Operations 145.11 104.00
Other income 39.30 58.00
Total Income 184.40 162.00
Less: Depreciation 1.61 0.72
Profit/loss before Finance Costs Exceptional items and Tax Expense 18.02 17.48
Less: Finance Cost - -
Profit/loss before Exceptional items and Tax 18.02 17.47
Expense
Less: Exceptional Items - -
Profit / (Loss) Before Tax 18.02 17.47
Provision for Tax & Deferred Tax 2.25 1.27
Profit / (Loss) After Tax 15.77 16.20
Other Comprehensive income (net of tax effect) - -
Total Comprehensive income 15.77 16.21
Add :Balance as per last Financial Statement 127.08 110.88
Disposable Surplus 142.86 127.08
Less : Transfer to General Reserve - -
Dividend Paid (17-18) - -
Dividend Paid (16-17) - -
Dividend Distribution Tax (17-18) - -
Dividend Distribution Tax (16-17) - -
Balance carried forward 144.33 128.55
Earnings Per Share 0.29 0.29

Key Financial Highlights & Comparison with the Previous Financial Year:

Total Income increased by 84.40% to Rs. 184.40 Lakhs in comparison to Rs. 162.00 Lakhsof Previous Financial Year 2020-21.

PBT increased by 81.98% to Rs. 18.02 Lakhs in comparison to Rs. 17.48 Lakhs of PreviousFinancial Year 2020-21.

PAT decreased by 84.23% to Rs. 15.77 Lakhs in comparison to Rs. 16.21Lakhs of PreviousFinancial Year 2020-21.

EPS is same in both the financial year.

Further the Audited Standalone Financial Statements for the Financial Year 2021-22forming part of this Annual Report have been prepared in accordance with the Schedule IIIand Indian Accounting Standards (Ind-AS) as notified by the Ministry of Corporate Affairs(MCA) and The Securities Exchange Board of India (SEBI) read with the provisions ofSection 133 of the Companies Act 2013 and Companies (Indian Accounting Standard) Rules2015.

2. STATE OF AFFAIRS AND REVIEW OF OPERATIONS AND WAY AHEAD

The Company was registered at Registrar of Companies Ahmedabad on 16th May1989 having and is Corporate Identification Number-L99999GJ1989PTC058691.

The Company is engaged in to Real Estate Activity your company has clocked revenue fromoperation at Rs. 145.11 lakhs as compared to Rs. 104.00 lakhs in the previous financialyear 2020-21. The Profit after tax was at a healthy level of Rs. 15.77 Lakhs during theyear. The company's focus now is to grow the top line while maintaining the profitability.Operating in the present with an eye on the future we are driven by our grow and deliverstrategy.

? VISION: To be the most sustainable and competitive company in our industry.

? MISSION: To come up with Innovative Construction concepts with bestcompetitive quality and pricing for our valuable customers.

? SEGMENT-WISE POSITION OF BUSINESS AND ITS OPERATIONS: The Company is currentlyengaged in only one business i.e. of Real estate. Accordingly there is no segments ofbusiness activity of the Company

? CHANGE IN STATUS OF THE COMPANY: The status of the company has not beenchanged during the financial year 2021-22.

? KEY BUSINESS DEVELOPMENTS; Company is working in the field as alreadyconducted by it in the previous year. However company has changed the % turnover by whichit was working in the segments. Company is also thinking to dwell in other business asthere are losses and stagnant market condition in many fields which the company iscurrently working due to COVID-19.

? CHANGE IN THE FINANCIAL YEAR: The company has not changed its financial yearduring the year.

? CAPITAL EXPENDITURE PROGRAMMES: Not Applicable

? DETAILS AND STATUS OF ACQUISITION MERGER EXPANSION MODERNIZATION ANDDIVERSIFICATION: Not Applicable

? DEVELOPMENTS ACQUISITION AND ASSIGNMENT OF MATERIAL INTELLECTUAL PROPERTY RIGHTS:Not Applicable

? ANY OTHER MATERIAL EVENT HAVING AN IMPACT ON THE AFFAIRS OF THE COMPANY: Noother material events have occurred during the financial year 2021-22 which impact on theaffairs of the Company.

? IMPACT OF COVID -19: Never before have we witnessed a disruption that has sucha devastating global impact in the modern history like now. The global pandemic ofcovid-19 unlocked a pandora's box of unforeseen challenges and crisis as the world hit apose button but at the same time it was the rebooting to a New Normal that was mostsignificant. Companies operations have remained shut during lockdown period i.e. firstquarter of the year. Company was facing difficulties in the payment cycles and theoperations were completely shut down.Company is dwelling in new form of business alongwith the same business line to survive in the market.

? PERFORMANCE OF THE COMPANY: The overall performance of the company during thefinancial year 2021-22 is satisfactory. The company has carried out various constructionprojects during the year by adopting latest technology and Innovative techniques in theprojects which ultimately leads to faster construction and customer satisfaction. Besidesthe companyis very conscious on the quality control matter.

3. DIVIDEND:

With a view to enlarge the business operations by way of reinvesting the profit of theCompany in the business activities of the Company the directors did not recommend anyDividend for the Year 2021-22.

4. THE AMOUNTS IF ANY WHICH IT PROPOSES TO CARRY TO ANY RESERVES;

The company has not transferred any amount to the reserves from the profit for thefinancial year 2021-22.

5. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Your Company is having dynamic qualified experienced committed and versatileprofessionals in the Management of the Company. The Composition of Board of Directorduring the financial year 2021-22 under review is as follows:

Name of Key Managerial Personnel Designation
MR. RAJNIKANT RAMJIBHAI PATEL CHAIRMAN &MANAGING DIRECTOR
MR. DHIRAJLAL RAMJIBHAI PATEL NON EXECUTIVE NON INDEPENDENT DIRECTOR
MR. KISHAN MUKESHBHAI NANDANI NON EXECUTIVE INDEPENDENT DIRECTOR
MS. MILAN PATEL** NON EXECUTIVE INDEPENDENT DIRECTOR
MRS. GOPIBEN PATEL* INDEPENDENT DIRECTOR
MR. VAIDEHI DHARMENDRASINH CHUDASAMA COMPANY SECRETARY &COMPLIANCE OFFICER
MR. DHARMENDRA DALSUKHBHAI SHAH CHIEF FINANCIAL OFFICER

*Mrs. Gopiben Patel resigned due to her pre occupation in other business andpersonalReason with effect from 31stMay 2021. There is no other reason exceptmentioned above for the resignation of Mrs.Gopiben Patel.

JUSTIFICATION FOR APPOINTMENT OF INDEPENDENT DIRECTOR:

**During the year based on the recommendation of Nomination and RemunerationCommittee the Board of the Directors approved the appointment of Ms. Milan Patel (DIN:09559355) as an Additional Non Executive Women Independent Director of the Company witheffect from 16th April 2022 which was subject to shareholders' approval. The

Securities Exchange Board of India vide Third Amendment Regulations 2021 read with thecorrigendum to Listing Regulations has stipulated the requirement of attaining approval ofshareholders by means of a special resolution for appointment of an Independent Directoron the Board of Directors either at the next general meeting or within a time period ofthree months from the date of appointment whichever is earlier effective from 1stJanuary 2022. the Company has received approval of the Members of the Company by means ofSpecial Resolution through Postal Ballot for appointment of Ms. Milan Patel as anAdditional Non Executive Women Independent Directorof the Company for a period of 5 (five)years with effect from 16th April 2022 to 15th April 2027.Appointment of Ms. Milan Patelwould help company in shaping the financialas well asmarketing strategy in the right direction.

The Board of Directors of your Company are fully committed to steering the organizationfor long-term success through setting of strategies delegating responsibilities andproviding an overall direction to the business while effectively managing risks andensuring high quality of governance by keeping the Company on the path of Sustainablegrowth and development.

The current term of Mr. Rajnikant Patel has expired Managing Directors and Chairman on11th August 2022 accordingly on the recommendation of the Nomination & RemunerationCommittee the Board has subject to the approval of the shareholders in the ensuingAnnual General Meeting approved the reappointment of the aforesaid Executive Director fora further period of five years i.e. with effect from 12th August 2022 to 11th August2027.

In accordance with the provisions of Section 152(6) of the Companies Act 2013 and interms of the Memorandum and Articles of Association of the Company Mr. DHIRAJLAL PATELNon Executive Director of the Company retires by rotation at this ensuing Annual GeneralMeeting and has offered himself for reappointment.

Further all the Directors of the Company have confirmed that they are not disqualifiedfrom being appointed as Directors in terms of Section 164 of the Companies Act 2013.

During the year under review the non-executive directors of the Company had nopecuniary relationship or transactions with the Company other than sitting feescommission and reimbursement of expenses incurred by them for the purpose of attendingmeetings of the Board/Committee of the Company.

The Company has received declarations from all the Independent Director of the Companyconfirming that they meet with the criteria of independence as prescribed under subsection6 of Section 149 of the Companies Act 2013 and under Regulation 16 (b) of SEBI

(Listing Obligations and Disclosure Requirements) Regulation 2015 and complied with theCode for Independent Directors prescribed in Schedule IV to the Act.

6. MEETINGS OF BOARD OF DIRECTORS AND COMMITTEES:

During the Financial Year under review the Board of Directors of the Company met for 5(Five) times for various agendaitems of the Company the same which were circulated wellin advance to the Board. The following are the dates on which the Board Meetings andCommittee Meeting held during the year under review:

Sr. No. Board Meeting Audit Committee Meeting Stakeholder Committee Meeting NRC Committee Meeting
1. 31-05-2021 31-05-2021 30-06-2021 31-05-2021
2. 14-08-2021 14-08-2021 30-09-2021
3. 01-09-2021 13-11-2021 31-12-2021
4. 13-11-2021 14-02-2022 31-03-2021
5. 14-02-2022

The intervening gap between the Meetings was within the period prescribed under theCompanies Act 2013.

7. COMMITEES OF THE BOARD OF THE COMPANY:

The company has several committees which have been established as a part of bestcorporate governance practices and are in compliance with the requirements of the relevantprovisions of applicable laws and statues.

The Board has constituted following Committees:

Audit Committee

Nomination and Remuneration Committee

Stakeholder's Relationship Committee

Internal Complaints Committee

8. ANNUAL RETURN:

The Annual Return of the Company as on March 31 2022 is available on the Company'swebsite and can be accessed at (www.patidarbuildconltd.in).

9. STATUTORY AUDITORS &AUDIT REPORT:

M/s.PawanSiddharth& Co. Chartered Accountants the Statutory Auditors of theCompany have resigned due to their pre-occupation in other assignments. The AuditCommittee and the Board of Directors have placed on record their appreciation for theprofessional services rendered by them during their association with the Company.Accordingly the Board recommends the appointment M/s. Shah Thacker & Co.having firm registration no 129967W as statutory auditors in the casual vacancycaused by the said resignation. The said appointment shall be placed for shareholders'approval at the ensuing Annual General Meeting. The Report given by the Auditors on thefinancial statement of theCompany is part of this Report. There has been noqualificationreservation adverse remark or disclaimer given by the Auditors intheirReport. TheAuditors comments on your company's accounts for year ended March 31 2022 areself-explanatory in nature and do not require any explanation as per provisions of Section134(3)(f) (i) of the Companies Act 2013.

10.DISCLOSURE OF REPORTING OF FRAUD BY AUDITORS UNDER SECTION 143(12): During thefinancial year 2021-22 neither the Statutory Auditor nor the Secretarial Auditor of theCompany has reported to the audit committee any instance of fraud committed against theCompany by its employees or officers under section 143(12) the details of which need tobe reported in Board's Report.

11.INTERNAL AUDIT &INTERNAL FINANCE CONTROLS:

The Board has adopted the policies and procedures for ensuring the orderly andefficient conduct of its business including adherence to the Company's policiessafeguarding of its assets prevention and detection of frauds and errors the accuracyand completeness of the accounting records and the timely preparation of reliablefinancial disclosures. The reports of Internal Audit are reviewed by the Audit Committeeof the Board.

The Company has appointed M/s. Saurabh Patel &Associates Chartered Accountants asan Internal Auditor of the Company in the Board meeting held on 31st May2021.M/s. Saurabh Patel &Associates Chartered Accountantshas provided the InternalAudit report from 01st April 2021 to 30thSeptember 2021.

Further the Company has appointed M/s. Shankar R. & Associates CharteredAccountants Ahmedabad as an Internal Auditor of the Company in the Board meeting held on01st September 2021 due to resignation placed by earlier Internal AuditorM/s.Saurabh Patel &Associates.Thereafter M/s. Shankar R. & Associates CharteredAccountants has provided the Internal Audit report from 01st October 2021 to31st March 2022.

12.COST RECORDS:

Pursuant to Section-148 (1) of the Companies Act 2013 read with Rule 3 of Companies(Cost Records and Audit) Rules 2014 Company does not fall under the criteria formaintaining cost record for the financial year 2021-22.

13.SECRETARIAL AUDITORS AND SECRETARIAL AUDIT REPORT:

Pursuant to section 204 of the Companies Act 2013 and the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 the company has appointed M/s. A. SHAH& ASSOCIATESPracticing Company Secretaries to undertake the Secretarial Audit of theCompany. The Secretarial Audit Report is enclosed as Annexure Ito the Board'sReport.

The Board of Directors of the Company has discussed the remarks as mentioned in

Secretarial Audit Report at arm's length.The qualification raised by the SecretarialAuditor in its report and the justification of Board of Directors on the same are asfollows:

SR. NO QUALIFICATION JUSTIFICATION OF BOARD
1. Delay in compliance with regulation 25 "Obligations with respect to independent directors" of SEBI (LODR)2015 where an independent director who resigns from the board of directors of the listed entity shall be replaced by a new independent director by listed entity at the earliest but not later than three months from the date of such vacancy The Company could not be able to appoint within a Time Limit. Further the Company has appointed Ms. MILAN PATEL with effect from 16/04/2022
2. The Composition of Audit Committee is not in Compliance with Section 177 of Companies Act 2013 where the Audit Committee shall consist of a minimum of three Directors with independent Directors forming a majority. The Committee formation was according to the rules till 31st May 2021 till the resignation of Gopiben however after that due to vacancy of one independent auditor composition was disturbed. However same has been complied with effect from 16th April 2022.
3. The Composition of Nomination and Remuneration Committee is not in Compliance with Section 178 of Companies Act 2013 where the Nomination and Remuneration Committee shall consist of three or more non- executive Directors out of which not less than one-half shall be independent directors. The Committee formation was according to the rules till 31st May 2021 till the resignation of Gopiben however after that due to vacancy of one independent auditor composition was disturbed. However same has been complied with effect from 16th April 2022.

The Board has also undertaken to take care of such qualification and to comply with thesame in future.

14.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 CompaniesAct 2013 and the corporate governance requirements as prescribed by Securities andExchange Board of India ("SEBI") under Regulation 17 to 27 and clauses (b) to(i) of sub-regulation (2) of regulation 46 and para C D and E of Schedule V of SEBI(Listing Obligation and Disclosure Requirement) Regulation 2015.

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 addition the Chairman was also evaluated on the key aspectsof his role.

In a separate meeting of independent Directors performance of non-independentdirectors performance of the board as a whole and performance of the Chairman wasevaluated taking into account the views of executive directors and non-executivedirectors. The same was discussed in the board meeting that followed the meeting of theindependent Directors at which the performance of the Board its committees andindividual directors was also discussed.

15.DEPOSITS:

Your company has not accepted any deposits from the public within the provisions ofSection 73 to 76 of the Companies Act 2013. Hence the disclosures required as per Rule8(5)(v)&(vi) of the Companies (Accounts) Rules 2014 read with Section 73 to 76 ofthe Companies Act 2013 are not applicable to your Company.

16.FOREIGN EXCHANGE EARNINGS / OUTGO:

The Company has not earned any Foreign Exchange by the way of Export Sales and has notincurred any Expenditure in Foreign Exchange during the Financial Year 2021-22.

17.VIGIL MECHANISM:

In pursuant to the provisions of section 177 (9) & (10) of the Companies Act 2013and Regulation 22 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations2015 a Vigil Mechanism for directors and employees to report genuine concerns has beenestablished. The Vigil Mechanism Policy has been uploaded on the website of the Company atwww.patidarbuildconltd.in under investors / policy documents / Vigil Mechanism Policylink.

18. CONSERVATION OF ENERGY&TECHNOLOGY ABSORPTION:

(a)Conservation of energy:

(i) the steps taken or impact on conservation of energy N.A
(ii) the steps taken by the company for utilizing alternate sources of energy N.A
(iii) the capital investment on energy conservation equipment's N.A

(b) Technology absorption:

(i) the efforts made towards technology absorption N.A
(ii) the benefits derived like product improvement cost reduction product development or import substitution N.A
(iii) in case of imported technology (imported during the last three years 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 place and the reasons thereof N.A
(iv) the expenditure incurred on Research and Development N.A

19. NOMINATION AND REMUNERATION POLICY:

The Board has on the recommendation of Nomination and Remuneration / Compensation

Committee framed a policy on directors' appointment and remuneration of Directorsincluding criteria for determining qualification positive attributes independence ofdirectors and remuneration for Directors Key Managerial Personnel and other employees.

The policy is annexed to this report as "Annexure II".

20.PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES: GOVERNANCE:

All Related Party Transactions those were entered during the financial year were inordinary course of the business of the company and were on arm's length basis. There wereno materially significant related party transactions entered by the Company withPromoters Directors Key Managerial Personnel or other persons which may have a potentialconflict with the interest of the company. All such Related Party Transactions are placedbefore the Audit Committee for approval. The policy on materiality of Related PartyTransactions and also on dealing with Related Party Transactions as approved by the AuditCommittee and the Board of Directors is has been uploaded on the website of the Company atwww.patidarbuildconlimited.in under investors/policy documents/Related Party TransactionPolicy. The particulars of every contract or arrangements entered into by the Company withrelated parties referred to the sub-section (1) of section 188 of the Companies Act 2013are disclosed in Form No. AOC-2 ‘Annexure: III'the same forms part of thisreport pursuant to Section 134 (3) (h) of the Act read with rule 8(2) of the Companies(Accounts) Rules 2014.

21.PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS UNDER SECTION 186:

In terms of provisions of Section 134(3)(g) the Particulars of Loans Guarantees or

Investments under Section 186 is annexed hereto as "Annexure IV" andforms part of this Report.

22.PARTICULARS OF EMPLOYEES REMUNERATION:

A. The ratio of the remuneration of each director to the median employee's remunerationand other details in terms of sub-section 12 of Section 197 of the Companies Act 2013read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial

Personnel) Rules 2014 are forming part of this report as "Annexure V".

B. The statement containing particulars of employees as required under Section 197(12)of the Companies Act 2013 read with Rule 5(2) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 is not provided as no employees is paidremuneration of Rs. 8.5 Lac Per month and Rs. 1.02 Cr. Per Annum if employed for the wholeyear.

23.CORPORATE SOCIAL RESPONSIBILITY (CSR):

The Board of Directors of your company hereby confirms that the provisions of section135(1) of the Companies Act 2013 and Rule 9 of the Companies (Corporate Social

Responsibility Policy) Rules 2014 is not applicable to our company for the financialyear

2021-22.

24.HUMAN RESOURCES:

Your Company treats its "human resources" as one of its most importantassets. Your

Company continuously invests in attraction retention and development of talent on anongoing basis. A number of programs that provide focused people attention are currentlyunderway. Your Company thrust is on the promotion of talent internally through jobrotation and job enlargement. The Company's Health and Safety Policy commits to provide ahealthy and safe work environment to all employees.

25.SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION AND

REDRESSAL) ACT 2013:

Disclosure under Section 22 of the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013:

Pursuant to Section 22 of the Sexual Harassment of Women at Workplace(PreventionProhibition and Redressal) Act 2013 the company has setup the Internalcomplaints committee and the said committee has framed policy for prevention of sexualharassment at work place in accordance with the section 22 of the Sexual Harassment ofWomen at Workplace (Prevention Prohibition andRedressal) Act 2013. However during theyear no complaints were received by the Internal Complaints committee for sexualharassment from any of the women employees of the company.

26.CHANGE IN NATURE OF THE BUSINESS:

There has been no change in the nature of business of the company during the year underreview.

27.MANAGEMENT DISCUSSION AND ANALYSIS:

As per corporate governance norms a separate section on Management Discussion andAnalysis outlining the business of the Company is set out in Annexure forming part of thisReport.

28.SIGNIFICANT OR MATERIAL ORDERS AGAINST COMPANY:

No significant and material orders were passed by the regulators or courts or tribunalsimpacting the going concern status and Company's operation in future.

29.SIGNIFICANT OR MATERIAL EVENTS OCCURING AFTER THE BALANCE SHEET DATE:

The Company has appointed Ms. Milan Patel as a Non executive Women Independent Directorof the Company with the approval of Shareholder via Postal Ballot with effect from 16thApril 2022.

30.DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to requirement under Section 134(3)(c) and Section 134(5) of the CompaniesAct 2013 (Act) Directors confirm that: (a) in the preparation of the annual accountsfor the year ended on 31st March 2022 the applicable accounting standardsread with requirement set out under Schedule III to the Act have been followed and thereare no material departures from the same;

(b) 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 as at March 31 2022 and of the profit ofthe company for the year ended on that date;

(c) the Directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the 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;

(e) the Directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and are operatingeffectively and

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

31. CORPORATE GOVERNANCE:

Further this is to inform you that the paid up equity Share capital of the Company andnet worth of the Company as on 31st March 2022does not exceed the stipulated criteria ofrupees ten crore and rupees twenty five crore respectively.Hence Regulation - 17 to 27and Regulation - 46 (2) (b) to (i) and para C D and E of Schedule V shall not apply tothe

Company and the Company is exempt from filing Regulation 27(2) Corporate GovernanceReport to BSE under SEBI (Listing Obligation & Disclosure Requirements) Regulations2015.

32. RISK MANAGEMENT

Your Company has developed and implemented a Risk Management Policy which includesidentification of elements of risk if any which in the opinion of the Board maythreaten the existence of the Company. Your Company has a risk identification andmanagement framework appropriate to the size of your Company and the environment underwhich it operates. The process involves identifying both external and internal risks andthe readiness to respond to extreme risks like calamities and disasters. Risks are beingcontinuously identified in relation to business strategy business continuity/contingencyplans operations and transactions statutory / legal compliance financial reportinginformation technology system cyber security and overall internal control framework.

33.BRIEF OF SHAREHOLDING PATTERN:

The shareholding pattern for the financial year 2021-22 is as follows:

Sr No

No. Of Shares Held At The Beginning Of

No. Of Shares Held At The End Of The Year

The Year:

01/04/2021

:31/03/2022

Category Of Shareholder

Demat

Physical

Total Shares

Total %

Demat

Physical

Total Shares

Total %

% Change

(Shareholding Of Promoter And Promoter Group

Indian

1.

Directors

629000

629000

11.44

629000

629000

11.44

0.00

2.

Director Relatives

525000

525000

9.54

525000

525000

9.54

0.00

Total

1154000

0

1154000

20.98

1154000

0

1154000

20.98

0.00

Shareholding of

Promoters

(B) Public Shareholding

3.

Bodies Corporate

449915

307700

757615

13.77

416201

300200

716401

13.02

(0.75)

4.

Individual

(Capital Upto To Rs. 1 Lakh)

739830

184970

924800

16.81

761491

184870

946361

17.20

0.39

(Capital Greater Than Rs. 1 Lakh)

1878141

784500

2662641

48.41

1592996

784500

2377496

43.22

(5.18)

5.

Any Others (Specify)

Hindu Undivided

0

0

0

0

299407

0

299407

5.44

5.44

Family

Clearing Member

0

0

0

0

2391

0

2391

0.04

0.04

Non Resident Indians (Nri)

1514

0

1514

0.03

4514

0

4514

0.08

0.05

6.

Iepf

0

0

0

0

0

0

0

0

0.00

Total Public

3069400

1277170

4346570

79.02

3077000

1269570

4346570

79.02

0.00
Shareholding
Grand Total

4223400

1277170

5500570

100.00

4231000

1269570

5500570

100.00

0.00

34. DETAILS OF SUBSIDIARY JOINT VENTURE AND ASSOCIATES COMPANY

During the year under review there is no Company which have become or ceased to be theSubsidiaries joint ventures or associate companies of Our Company.

35. SHARE CAPITAL

The authorized and paid-up equity share capital as of March 31 2022 stood at Rs.60000000 (Rupees Six crores) and 55005700 (Rupees Five crores fifty lacs Fivethousand Seven Hundred) respectively. During the year under review the Company has notissued shares or convertible securities or shares with differential voting rights nor hasgranted any stock options or sweat equity or warrants. As of March 31 2022 none of thedirectors of the Company hold instruments convertible into Equity Shares of the Company

35. ACKNOWLEDGEMENT:

Your Directors wish to place on record their gratitude and sincere appreciation for theassistance and co-operation received from the financial institutions banks Governmentauthorities customers vendors and members during the year under review.

Your Directors would like to express a profound sense of appreciation for thecommitment shown by the employees in supporting the Company in its continued robustperformance on all fronts.

PLACE: SURENDRANAGAR BY ORDER OF THE BOARD OF DIRECTORS
DATE: 26.08.2022 FOR PATIDAR BUILDCON LIMITED
SD/-
MR. RAJNIKANT PATEL
MANAGING DIRECTOR
(DIN: 01218436)

.