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Prajay Engineers Syndicate Ltd.

BSE: 531746 Sector: Infrastructure
NSE: PRAENG ISIN Code: INE505C01016
BSE 00:00 | 09 Dec 15.80 -0.29
(-1.80%)
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16.00

HIGH

16.75

LOW

15.35

NSE 00:00 | 09 Dec 15.80 -0.20
(-1.25%)
OPEN

16.45

HIGH

16.85

LOW

15.25

OPEN 16.00
PREVIOUS CLOSE 16.09
VOLUME 45975
52-Week high 26.00
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 111
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.00
CLOSE 16.09
VOLUME 45975
52-Week high 26.00
52-Week low 12.50
P/E
Mkt Cap.(Rs cr) 111
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Prajay Engineers Syndicate Ltd. (PRAENG) - Director Report

Company director report

To

The Members

Prajay Engineers Syndicate Limited ("the Company" or"PESL")

Your Directors are pleased to submit the 28th Annual Reportof your Company together with the Audited Financial Statements (both Standalone andConsolidated) for the Financial Year (FY) ended 31st March 2022 and report ofthe Statutory Auditors thereon. Consolidated performance of the Company and itssubsidiaries has been referred to wherever required.

FINANCIAL RESULTS:

Certain key aspects of your Company's performance (on Standalone &Consolidated basis) during the financial year ended 31st March 2022 ascompared to the previous financial year are summarized below:

(Amount in Rs. Lakhs except share data)

Particulars

Year ended 31.03.2022

Year ended 31.03.2021

Standalone Consolidated Standalone Consolidated
Total Income 9519.17 9519.22 3972.91 3942.92
Total Expenditure 9578.90 9589.91 4189.29 4260.79
Interest 513.98 514.02 593.95 596.23
Depreciation 407.78 410.96 395.02 398.72
Profit/(Loss) before Prior period Items (59.73) (70.69) (216.38) (317.87)
Prior period adjustments/ Exceptional items - - - -
Share of Profit/loss of associates - (117.80) - (98.21)
Profit before Exceptional items and tax (59.73) (188.49) (216.38) (416.08)
Exceptional items - - - -
Current Tax - - - -
Prior period tax - - - -
Deferred Tax Charge 59.96 60.35 74.01 90.51
Total Tax expenses 59.96 60.35 74.01 90.51
Profit/(Loss) after Tax/Profit for the year (119.69) (248.84) (290.39) (506.59)
Other Comprehensive Income net of tax 0.17 0.17 0.70 0.70
Total comprehensive Income (119.52) (248.67) (289.69) (506.89)
EPS (Basic and as well as Diluted) (0.17) (0.36) (0.41) (0.72)

NATURE OF BUSINESS

The Company is engaged in the activities of Real Estate DevelopmentConstruction activities and Hospitality. During the financial year under review there wasno change in the nature of the business of the company.

REVIEW OF OPERATIONS

During the current Financial Year 2021-22 your company reported aConsolidated Income of Rs.9519.22 Lakhs against Rs.3942.92for the previous Financial Year.The Loss for the current Financial Year 2021-22 stood at Rs.248.67 Lakhs as againstRs.Rs.506.89 Lakhs for the previous Financial Year.

The Standalone Income of your company for the current Financial Year2021-22stood at Rs.9519.17 Lakhs as against Rs.3972.91 Lakhs for the previous FinancialYear. The Total loss for the Financial Year 2021-22 was Rs. 119.69 Lakhs as against anamount of Rs.290.39Lakhs during the previous Financial Year.

TRANSFER TO GENERAL RESERVES

No amount has been transferred to General Reserves during the financialyear under review.

DIVIDEND

Your Board of Directors do not recommend any dividend in view oflosses incurred during the financial year under review.

SUBSIDIARIES

As on 31st March 2022 the Company has 3 (Three)subsidiaries viz. Prajay Holdings Private Limited (PHPL) Prajay Retail PropertiesPrivate Limited (PRPPL) and Secunderabad Golf and Leisure Resorts Private Limited (SGLRPL)and one step down subsidiary viz. Prajay Developers Private Limited (PDPL). Your companyalso has two Associates viz. Prajay Properties Private Limited (PPPL) and Genesis CapitalPrivate Limited as on 31st March 2021. PRPPL and SgLRPL are the wholly owned(100%) subsidiaries of the Company.

There has been no material change in the nature of the business of thesubsidiaries. The consolidated financial statements of the Company and its subsidiariesprepared in accordance with applicable Indian Accounting Standards (IND AS) as specifiedunder Section 133 of the Companies Act 2013 (The Act) read with Rules made thereunderforms part of this Annual Report.

REPORT ON PERFORMANCE AND FINANCIAL POSITION OF SUBSIDIARIESASSOCIATES AND JOINT VETURE COMPANIES

Pursuant to the provisions of Section 129(3) of the Companies Act 2013a statement containing salient features of the financial statements of the Company'ssubsidiaries in Form AOC-1 is attached to the standalone financial statements ofthe Company.

SHARE CAPITAL

There is no change in the capital structure of the company during theyear under review.

DISCLOSURE UNDER COMPANIES (SHARE CAPITAL AND DEBENTURE) RULES 2014.

During the year under review your company has not issued any equityshares with differential rights/sweat equity shares. Further the company has notgrant/vest any employee stock option scheme/employee stock purchase schemes. Further atthe beginning of the year there were no outstanding options granted. Hence there is norequirement of disclosures under Companies (Share Capital and Debenture) Rules 2014.

DISCLOSURES IN RESPECT OF VOTING RIGHTS NOT DIRECTLY EXERCISED BYEMPLOYEES

There are no shares held by trustees for the benefit of employees andhence no disclosure under Rule 16(4) of the Companies (Share Capital and Debentures) 2014is required to be furnished.

DIRECTORS & KEY MANAGERIAL PERSONNEL

During the year under review there were no changes in office ofDirectors and Key Managerial Personnel of the company:

In accordance with Section 152 of Companies Act 2013 Mr. Ravi KumarKutikalapudi (DIN:02789546) Director of the Company retires by rotation in this ensuingAGM to be held on Friday the 30th day of September 2022 and being eligiblehas offered himself for re-appointment. The Board recommends his re-appointment.

DIRECTORS' RESPONSIBILITY STATEMENT

In terms of Section 134(5) of the Companies Act 2013 and in relationto the audited financial statements of the Company for the year ended 31stMarch 2022 the Board of Director hereby confirms that:

a. In the preparation of the annual accounts the applicable accountingstandards have been followed along with proper explanation relating to materialdepartures;

b. Such accounting policies as mentioned in the notes to the financialstatements have been selected and applied consistently and judgments and estimates thatare reasonable and prudent made so as to give a true and fair view of the state of affairsof the Company at the end of the financial year 2021-22 and of the profit or loss of theCompany for that period;

c. Proper and sufficient care has been taken for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities;

d. The annual accounts for the year 2021-22 have been prepared on agoing concern basis.

e. Those proper internal financial controls were in place and that thefinancial controls are adequate and are operating effectively.

f. Proper Systems have been devised to ensure compliance with theprovisions of all applicable laws were in place and were adequate and operatingeffectively

ANNUAL EVALUATION OF DIRECTORS COMMITEES AND BOARD

The Nomination and Remuneration Committee of the Board has formulated aPerformance Evaluation Framework under which the Board of Directors has carried out anannual evaluation of its own performance performance of all the Board Committees andIndividual Directors pursuant to the provisions of the Companies Act 2013 and thecorporate governance requirements as prescribed by Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015 ( hereinafter referredas "SEBI (LODR) Regulations").

The manner in which the evaluation has been carried out has beenexplained in the Corporate Governance Report.

BOARD DIVERSITY

The Policy on Board Diversity of the Company devised by the Nominationand Remuneration Committee and approved by the Board is disseminated under the weblink ofthe Company at www.praiavengineers.com/investors

CODE OF CONDUCT AND DECLARATION ON CODE OF CONDUCT

Your Company has laid down a Code of Conduct for all Board membersSenior Management and Independent Directors of the company in line with the provisions ofSEBI (LODR) Regulations and Companies Act 2013. The said Code of Conduct has been postedon the website of the Company weblink www.praiayengineers.com/investors. Declaration ofCode of Conduct is enclosed to this Board Report as an Annexure to Corporate GovernanceReport.

AUDIT COMMITTEE

An Audit committee has been constituted in terms of Section 177 ofCompanies Act 2013 and in terms of Regulation 18 of SEBI (LODR) Regulations. Thecomposition and brief terms of the committee and its meetings etc. has been provided underCorporate Governance report which forms part of this Board report. All the recommendationsmade by the Audit Committee were accepted by the Board.

ESTABLISHMENT OF VIGIL MECHANISM:

The Company has adopted a whistle blower policy establishing a vigilmechanism to provide a formal mechanism to the directors and employees to report concernabout unethical behavior actual or suspected fraud or violation of code of conduct andethics.

It also provides for adequate safeguards against the victimization ofemployees who avail of the mechanism and provides direct access to the chairperson of theaudit committee in exceptional cases. The whistle blower policy aims for conducting theaffairs in a fair and transparent manner by adopting higher standards of professionalismhonesty integrity and ethical behavior. All permanent employees of the company arecovered under the whistle blower policy.

It is affirmed that no personnel of the company has been denied accessto the audit committee. The policy of vigil mechanism is available on the company'sweblink www.praiayengineers.com/investors.

NOMINATION & REMUNERATION COMMITTEE:

A Nomination has been in constituted in terms of Section 178 ofCompanies Act 2013 and in terms of Regulation 19 of SEBI (LODR) Regulations. Thecomposition and brief terms of the committee and its meetings etc. has been provided underCorporate Governance report which forms part of this Board Report. All the recommendationsmade by the Audit Committee were accepted by the Board.

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The company has constituted a Corporate Social Responsibility Committeeand details of the Committee have been provided under Corporate Governance Report whichforms part of this Board Report.

OTHER BOARD COMMITTEE(S)

For the details of other Board Committee(s) please refer the CorporateGovernance report which is annexed to this Board Report.

POLICY ON DIRECTORS' APPOINTMENT AND REMUNERATION AND OTHER DETAILS

The Salient Features of the Company's policy on directors' appointmentand remuneration and other matters including performance evaluation are provided in theCorporate Governance Report which forms part of this Board report. Nomination andRemuneration Policy available under weblink www.praiayengineers.com/investors

MEETINGS OF THE BOARD OF DIRECTORS DURING THE FINANCIAL YEAR

Five (5) meetings of the Board of directors were held during the year.For details of the meetings of the Board please refer to the corporate governance reportwhich forms part of Board Report.

MEETING OF INDEPENDENT DIRECTORS:

During the financial year under review in accordance with theprovision of Schedule IV of the Companies Act 2013 and SEBI (LODR) Regulations separatemeeting of Independent Directors of the Company held on 11th February 2022 andthe same has reported in the Corporate Governance Report.

FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS:

All Independent Directors (IDs) inducted into the Board are providedwith an orientation on company structure and Board constitution and procedures mattersreserved for the Board and our major risks and risk management strategy. The companyfamiliarize the independent directors with the company their roles rightsresponsibilities in the company nature of the industry in which the company operatesetc. through various Interactions and familiarization programmers. Details of thefamiliarization program of the independent directors are available on the website of theCompany www.praiavengineers.com/investors.

PERFORMANCE EVALUATION CRITERIA FOR INDEPENDENT DIRECTORS

The performance evaluation criteria for Independent Directors isdetermined by the Nomination and Remuneration committee. An indicative list of factorsthat may be evaluated include participation and contribution by a director commitmenteffective deployment of knowledge and expertise effective management of relationship withstakeholders integrity and maintenance of confidentiality and independence of behaviorand judgments etc. Based on said criteria the entire Board will evaluate the performanceof Independent Directors.

DECLARATIONS BY INDEPENDENT DIRECTORS

All Independent Directors have submitted declarations stating that theyfulfill the criteria of independence as laid down under Section 149(6) of the Act andSecurities and Exchange Board of India. In the opinion of the Board the independentdirectors fulfill the conditions specified in SEBI (LODR) Regulations and are independentof the management.

STATUTORY AUDITORS AND THEIR REPORTS

As per the provisions of Companies Act 2013 read with rules madethereunder M/s. Karumanchi & Associates Chartered Accounts Hyderabad StatutoryAuditors of the Company were reappointed as Statutory Auditors of the Company for secondterm of five (5) consecutive years to hold office from the conclusion of 27thAnnualGeneral Meeting till the conclusion of the 32nd Annual General Meeting of thecompany.

Observation of Statutory Auditors on Financial Statements for the yearended March 31 2022

The audit report does not contain any qualification reservation oradverse remark or disclaimer or modified opinion. The Key emphasis matters areself-explanatory. For clarifications on key emphasis matters relating to the delay inrealization of trade receivables and realization of loans and advances given please referNote 39(a) and 39(b) of Notes to Standalone Financial Statements. For clarifications onDemand Notice received by the Company please refer Note 41of Notes to StandaloneFinancial Statements.

FRAUD REPORTING

During the year under review no instances of fraud were reported bythe Statutory Auditors of the Company. INTERNAL AUDITOR:

The Company has appointed Mr. M. Shanker MBA-Finance Employee of theCompany as Internal Auditor of the Company.

COST AUDIT/MAINTENANCE OF COST RECORDS

For the Financial Year ended 2021-22 your company is required tomaintain Cost Records as specified by the Central Government under Sub-section (1) ofSection 148 of the Companies Act 2013 in respect of the activities carried on by theCompany. However Cost Audit as specified under Rule 4 of the Companies (Cost Records andAudit) Rules 2014 is not applicable to your Company.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has adequate internal control systems and proceduresdesigned to effectively control its operations. The Internal Control Systems are designedto ensure that the financial and other records are reliable for the preparation offinancial statements and for maintaining assets. The Company has well designed StandardOperating Procedures considering the essential components of internal control as stated inthe Guidance Note on Audit of Internal Controls over Financial Reporting issued by theInstitute of Chartered Accountants of India. Internal Auditor conducts audit covering awide range of operational matters and ensure compliance with specified standards. Plannedperiodic reviews are carried out by Internal Auditor. The findings of Internal Audit arereviewed by the top management and by the Audit Committee of the Board of Directors. Basedon the deliberations with Statutory Auditors to ascertain their views on the financialstatements including the Financial Reporting System and Compliance to Accounting Policiesand Procedures. The Audit Committee was satisfied with the adequacy and effectiveness ofthe Internal Controls and Systems followed by the Company.

SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204(1) of the Companies Act 2013and The Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 yourCompany has appointed Mr. M. Ramana Reddy P S Rao & Associates Practicing CompanySecretaries Hyderabad as Secretarial Auditor to undertake the Secretarial Audit of theCompany for the Financial Year 2021-22.

The Secretarial Audit Report as required under provisions of CompaniesAct as stated above and also as required under Regulation 24 A of the SEBI (LODR)Regulations is annexed herewith to this Report as Annexure- VI.

REPLIES TO REMARKS OF SECRETARIAL AUDITOR OF PESL

The remarks/comments raised/provided by the Secretarial Auditor areself-explanatory.

Demand notice of Investors of Prajay Properties Private Limited

Petitions were filed by the investors M/s Whitestock Limited investedin Prajay Properties Private Limited (an associate company) and M/s Belclare Limitedinvested in Prajay Holdings Private Limited (subsidiary company) before National CompanyLaw Tribunal Hyderabad.

The Hon'ble NCLT Hyderabad bench referred the matter for resolution byway of mediation to the International Commercial Arbitration and Mediation Centre (IAMC)Hyderabad. The matter is under mediation.

IEPF

During the month of July 2019 pursuant to the directions of the IEPFauthority the company has transferred the 34103 (Thirty-Four Thousand One Hundred andThree) equity shares in respect of which the dividend has not been claimed for sevenconsecutive years. The members can claim the transfer of such shares from IEPF inaccordance with the procedure and on submission of the documents as prescribed from timeto time. Additionally the details have also been uploaded on the website of the Company.

Unclaimed Deposit

The deposit amount approx. Rs.138617/- (including interest) asreferred in the report is the unclaimed deposit amount pertaining to previous financialyears (i.e. FY 2012/2013) which was not claimed by the depositors (whose addresses are nottraceable).This amount is being transferred to IEPF in accordance with statutoryprovisions.

POLICY ON PREVENTION PROHIBITION AND REDRESAL OF SEXUAL HARASSMENT ATWORK PLACE

Your Company has in place the Anti-Sexual Harassment Policy in linewith the requirements of the Sexual Harassment of Women at the Workplace (PreventionProhibition & Redressed) Act 2013.

Internal Complaints Committee:

Internal Complaints Committee (ICC) has been set up under SexualHarassment of Women at the Workplace (Prevention Prohibition & Redressed) Act 2013.

To redress complaints received regarding sexual harassment. Yourcompany has been complied with the provisions relating to the constitution of ICC. Allemployees (permanent contractual temporary trainees) are covered under this policy.During the financial year under review the Company has not received any compliant onsexual harassment. In compliance with the directions of the Telangana State Governmentyour Company has registered the ICC on prescribed T-She Portal.

POLICY ON MATERIAL SUBSIDIARIES

Policy for determining material subsidiaries of the Company isavailable on the website of the Company www.praiavenaineers.com/investors

MANAGEMENT DISCUSSION & ANALYSIS REPORT

The Management Discussion and Analysis Report as required underRegulation 34 & Schedule V of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015 and enclosed as Annexure-III to this Directors (Board) Report.

CORPORATE GOVERNANCE

Report on Corporate Governance enclosed as Annexure-V to thisBoard report. A certificate fromP S Rao & Associates the Practicing CompanySecretaries regarding compliance with the corporate governance norms stipulated alsoannexed to the corporate governance report.

EXTRACT OF ANNUAL RETURN:

In accordance with Section 134 (3) (a) of the Companies Act 2013 acopy of Annual Return in the prescribed format i.e. Form MGT -7 is placed on the websiteof the Company and may be accessedat www.priayenqineers.com under weblinkwww.praiayengineers.com/investors

PUBLIC DEPOSITS:

During the Financial Year 2021-22 your Company has not accepted anydeposit that falls within the meaning of Sections 73 and 74 of the Companies Act 2013read together with the Companies (Acceptance of Deposits) Rules 2014. Further there areno amount outstanding as at the beginning of Financial Year 2020-21 which can beclassified as 'Deposits' in terms of Section 73 of the Companies Act 2013 read withCompanies (Acceptance of Deposit) Rules 2014 and hence the requirement for furnishing ofdetails of deposits which are not in compliance with the Chapter V of the Companies Act2013 is not applicable. However an amount of Rs.100000/- (including interest) remainsunclaimed by the previous depositors.

PARTICULARS OF LOANS GUARANTEES SECURITIES OR INVESTMENTS UNDERSECTION 186.

The details of loans given investments made guarantees given andsecurities provided during the year under Section186 of the Act are available under Note 8& 9 of the notes to the standalone financial statements.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

Information on transactions with related parties pursuant to Section134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules 2014 andPursuant to SEBI (LODR) Regulations are given in Form AOC-2 and forms part of thisBoard Report as Annexure-I and under Note 28 to Standalone Financials.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS ORTRIBUNALS:

There are no significant material orders passed by theregulators/courts/tribunals which would impact the going concern status of your Companyand its future operations.

Petition filed by Investors of Subsidiary and Associates Companies

Petitions were filed by the investors M/s Whitestock Limited investedin Prajay Properties Private Limited (an associate company) and M/s Belclare Limitedinvested in Prajay Holdings Private Limited (subsidiary company) before National CompanyLaw Tribunal Hyderabad.

The Hon'ble NCLT Hyderabad bench referred the matter for resolution byway of mediation to the International Commercial Arbitration and Mediation Centre (IAMC)Hyderabad. The matter is under mediation.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OFTHE COMPANY:

There are no material changes and commitments in the businessoperations of the company for the financial year ended 31st March 2022 and tothe date of signing of the Director's Report.

CHANGE IN THE NATURE OF BUSINESS

There is no change in the nature of business of the Company

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUTGO:

The particulars in respect of conservation of energy technologyabsorption and foreign exchange earnings and outgo as required under Section 134(3)(m) ofthe Companies Act 2013 read with the Companies (Accounts) Rules 2014 is annexed as Annexure-IIto this Directors (Board) Report.

RISK MANAGEMENT:

The Company's principal financial liabilities comprise loans andborrowings trade and other payables. The main purpose of these financial liabilities isto finance and support Company's operations. The Company's principal financial assetsinclude inventory trade and other receivables cash and cash equivalents and landadvances and refundable deposits that derive directly from its operations.

The Company is mainly exposed to market risk credit risk and liquidityrisk. The company has a risk management policy and framework to identify evaluatebusiness risks and opportunities. This framework seeks to create transparency minimizeadverse impact on the business objectives and enhance the Company's competitiveadvantage. This framework defines the risk management approach across the enterprise atvarious levels including documentation and reporting.

INDUSTRIAL RELATIONS:

Yours directors are happy to report that the industrial relations havebeen cordial at all levels throughout the year. Your directors record their appreciationfor all the efforts support and co-operation of all employees being extended from time totime.

LISTING AT STOCK EXCHANGES:

The equity shares of your Company are listed on NSE and BSE (the stockexchanges). The listing fee has been paid for the year 2021-22.

CEO AND CFO CERTIFICATION AS PER REGULATION 17(8) OF SEBI (LODR)REGULATIONS:

As required by Regulation 17(8) of SEBI (LODR) Regulationscertification on the Financial Statements and the Internal Control Systems for financialreporting has been obtained from Mr. DantapalliVijaysen Reddy Chairman and ManagingDirector and Mr. Bhaskara Rao Patnana - Chief Financial Officer of the company and thesame was reviewed by the Board of Directors and is annexed to the Corporate GovernanceReport.

HUMAN RESOURCES:

Your Company recognizes that "Human Resource" is its mainasset. Your Company HR policy aims at enhancing individual capabilities for futurereadiness driving greater employee engagement and strengthening employee relationsfurther.

Considering the present market conditions your Company has down sizedits human resources and retaining only that are directly relevant to its growth at thisstage. To attract and retain people your Company provides a judicious combination ofattractive career personal growth and a lucrative compensation structure. Your Companyplaces great importance on nurturing and retaining the best skills in the industry.

INFORMATION TO BE FURNISHED UNDER COMPANIES (APPOINTMENT ANDREMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014.

Not applicable as no employee of the Company is in receipt of suchremunerations specified under above stated rule. However the other information asrequired to be furnished under Rule 5(1) and 5(2) of above stated rules is provided under Annexure-III

Other Disclosures

During the financial year under review your Company has not revisedfinancial statement(s).

No valuation of the Company has been done during the year under revieweither for the purpose of One Time Settlement (OTS) or for the purpose of taking loan frombank/FIs.

ACKNOWLEDGEMENTS:

Your Directors thank the various Departments of Central/ StateGovernment SEBI Stock Exchanges RBI MCA and other Regulatory Bodies for the continuedhelp and co-operation extended by them. The Directors also gratefully acknowledge allstakeholders of the Company viz. Shareholders Customers Bankers Suppliers JointVenture Partners and other business associates for the excellent support received fromthem. The Directors place on record their sincere appreciation to all employees of theCompany for their unstinted commitment and continued contribution and confidence reposedin the management.

For and on behalf of the Board
Prajay Engineers Syndicate Limited
Sd/-
Place : Hyderabad DantapalliVijaysen Reddy
Date :05.09.2022 Chairman & Managing Director (DIN: 00291185)

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