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S Kumars Online Ltd.

BSE: 532316 Sector: IT
NSE: N.A. ISIN Code: INE827A01018
BSE 00:00 | 11 Mar S Kumars Online Ltd
NSE 05:30 | 01 Jan S Kumars Online Ltd
OPEN 0.91
PREVIOUS CLOSE 0.91
VOLUME 26
52-Week high 1.58
52-Week low 0.76
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.90
Buy Qty 155.00
Sell Price 0.90
Sell Qty 1474.00
OPEN 0.91
CLOSE 0.91
VOLUME 26
52-Week high 1.58
52-Week low 0.76
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.90
Buy Qty 155.00
Sell Price 0.90
Sell Qty 1474.00

S Kumars Online Ltd. (SKUMARSONLINE) - Director Report

Company director report

To the Members of

S KUMARS ONLINE LIMITED

Dear Members

Your Directors have pleasure in presenting the 20thAnnual Report of the Companytogether with the Audited Accounts for the financial year ended on 31st March 2019 foryour perusal consideration and adoption.

State of Affairs of the Company:

Amount INR (In Lakh)

Particular Standalone Consolidated
2018-19 2017-18 2018-19 2017-18
Total Revenue 12.87 53.60 12.87 53.60
Less :- Total expenditure (60.45) (76.23) (60.60) (76.38)
Profit (Loss) before Exceptional and Extraordinary items and Tax (47.58) (22.63) (47.73) (22.78)
Prior period adjustments - - - -
Profit (Loss) before Extraordinary items and Tax (47.58) (22.63) (47.73) (22.78)
Extraordinary items - - - -
Profit (Loss) before Tax (47.58) (22.63) (47.73) (22.78)
Tax: Current Tax - - - -
Tax Liability of Previous Years - - - -
Deferred Tax (Liability)/Assets (2.58) - (2.58) -
Profit (Loss) after Tax (PAT) (50.16) (22.63) (50.31) (22.78)
Other Comprehensive Income - 0.74 - 0.74
Total Comprehensive Income for the year (50.16) (21.89) (50.31) (22.04)
Less:- Appropriation:
Adjustment relating to fixed Assets - - - -
Minority interest (share of loss transferred to minority) - - (0.00) (0.00)
Balance brought forward from previous year (3897.03) (3875.15) (3897.96) (3875.92)
Balance carried to balance sheet (3947.18) (3897.03) (3948.27) (3897.96)

Review of operations:

There is no change in the nature of business of the company. During the yearunder review your Company earned a total income of Rs. 12.87 lakh as compared to a totalincome of Rs. 53.60 lakh of the previous year and a net loss after tax of Rs.50.16 lakh ascompared to net loss after tax of Rs. 22.63 lakh of the previous year.

Transfer to Reserves

In view of overall accumulated losses the directors express their inability totransfer any amount to reserves for the financial year 2018-19.

Dividend:

In view of overall accumulated losses the directors express their inability torecommend any dividend on Equity Shares for the financial year 2018-19.

Public Deposits:

Your company has not accepted any deposits from public and as such no amount onaccount of principal or interest on deposits from public was outstanding as on the date ofthe balance sheet.

Management discussion and analysis:

1. Industry Structure and Developments

Slothful business due to immense competition among the I. T. Management consultancyservices and "Moviegear" Equipment Rental business sector forced us to keepourselves in the back foot for considerably long span during the year. It is the snappingfactor responsible for our declined business growth and development. However the Companycontinued with its I. T. Management consultancy services and "Moviegear"Equipment Rental business during the year.

2. Industry Outlook:

The Company is an information technology services consulting and business solutionsrelated Company. The Company provides end-to-end technology and technology relatedtelecommunication related communication systems satellite and satellite relatedsoftware and software related computer hardware and hardware related E-commerce andE-commerce related services etc.

3. Opportunities and Threats:

The Company recognizes the need to accelerate ability to connect more deeply with ourcustomers to enable true transformation. Increasing IT usage and adoption within thecountry is enhancing competitiveness of the Indian economy and the user community. Indianbusinesses that are using Information Technology as an enabler are becomingincreasingly competitive in the global arena.

The demand environment will continue to remain buoyant in the coming fiscals due toincreased IT Consultancy spend by organizations as well as greater acceptance of theglobal delivery model. Due to immense competition the company is facing threat to itsexisting line of businesses.

4. Segment–wise performance:

During the year the your Company operated in only one segment viz. I. T. ManagementConsultancy. Hence Segment-wise Revenue Results and Capital Employed as required u/s 133of the Companies Act 2013 and under Schedule IV of the SEBI (Listing Obligations andDisclosures Requirements) Regulations 2015 for the year ended 31st March 2019 is notapplicable to your Company.

5. Research and Development:

Our Research and Development (R & D) focus is to drive innovation in all areas ofour business resulting in improvements in product quality cost savings higherefficiencies. We have integrated our R&D practices to operate in cope with all ourbusinesses and various product categories. We leverage R & D activities to keep wellinformed of changing consumer preferences. This includes consumer studies to gaugefeedback on new products modifying products to suit consumer tastes and adding featuresand variants to existing products to provide alternative solutions to our consumers.

6. Risks Management and compliance:

Your Company has an elaborate risk management procedure which is entirely based ondifferent parameters related to business operations. Some of the risks related tocompetitive intensity and cost volatility. Major risks identified by the Audit Committeeare systematically addressed. These are discussed with both Board and Audit Committee.These are routinely tested and certified by Internal Auditors/Statutory Auditors and coverall offices divisions and key areas of business. Significant audit observations andfollow up actions thereon are reported to the Audit Committee. The Audit Committee reviewsadequacy and effectiveness of the Company's internal control environment and monitors theimplementation of audit recommendations including those relating to strengthening of theCompany's risk management policies and systems.

7. Internal financial control system and their adequacy:

Your Company has proper and adequate system of internal financial controls to providereasonable assurance with regard to recording and providing reliable financial andoperational information complying with applicable statutes safeguarding assets fromunauthorised use executing transactions with proper authorisation and ensuring complianceof corporate policies. The internal financial control is supplemented by an extensiveprogramme of external audits and periodic review by the management.

The system is designed to adequately ensure that financial and other records arereliable for presenting financial information and other data and maintainingaccountability of assets.

8. Human Resource:

Your Company regularly organizes in-house training programmes for employees to improveoperational efficiency. Company's strategy is to recruit qualified and talented employees.

Cautionary Statement:

Statement in this Management Discussion and Analysis deals with Company's objectivesprojections estimates expectations and predictions. The expectations of the managementare regarded as forward looking statements with meaning of applicable securities laws andregulations. These ‘forward looking statements' are inherently subject to risks anduncertainties beyond the control of the Company or its management. Many factors couldcause the actual results performance and achievements of the Company to be materiallydifferent from any future results performances or achievement that may be expressed orimplied by such forward looking statements. S Kumars Online Limited shall not be liablefor any loss which may arise as a result of any action taken on the basis of theinformation contained herein nor would be under any obligation to update the forwardlooking statements to reflect developments of events of circumstances hereafter.

Annual Return

As required under Section 134(3)(a) of the Act the Annual Return for the year 2018-19is put up on the Company's website and can be accessed athttp://www.skumarsonline.com/Extract_of_Annual_Return_MGT-9_SKOL_2018-2019.pdf.

Number of Board Meetings

Four meetings of the board were held during the year. For details of the meetings ofthe board please refer to the corporate governance report which forms part of thisreport.

Board Independence:

Based on the confirmation / disclosures received from the Directors and on evaluationof the relationships disclosed the following Non-executive Directors are Independent interms of SEBI (LODR) Regulations 2015 and Section 149(6) of the CompaniesAct 2013:-

1) Mr. Ramesh Gangwal

2) Mr. Rudra Narain Jha

The Company has received a declaration from the Independent Director(s) that they meetthe criteria of independence as provided in Section 149(6) of the Companies Act 2013 andRegulation 16(b) of the SEBI (LODR) Regulations 2015 are annexed in Annexure I whichforms part of this report.

Director's Responsibility Statement:

Pursuant to Section 134(5) read with Section134(3)(c) of the Companies Act 2013 inbest of their knowledge and belief the Board of Directors confirm that:

a. In preparation of the annual accounts the applicable accounting standards had beenfollowed along with the 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 true and fairview of the affairs of the company at the end of the financial year and of the profit andloss 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;

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; and

f. The Directors had devised proper systems to ensure compliance with the provisions ofall applicable laws and that such systems were adequate and operating effectively.

Auditors and Auditors Report:

Pursuant to the provisions of Section 139 of the Act and the rules framed thereunderthe Auditors M/s. SKHD & Associates Chartered Accountants (Firm Reg. No. –105929W) who were appointed as statutory auditors of the Company at 18th Annual GeneralMeeting (AGM) of the Company at a remuneration (including term of payment) to be fixed byBoard of Directors of the Company plus service tax and such other tax(es) as may beapplicable & reimbursement of all out-of-pocket expenses in connection with the auditof the accounts of the Company. The Company has received confirmation from M/s. SKHD &Associates Chartered Accountants that they are not disqualified from continuingasAuditors of the Company.

No Fraud has been reported by Auditors under section 143(12) of the Companies Act 2013for the Financial Year 2018-19.

Explanation on qualifications in Auditors' Report

Company has continued with its IT management consultancy business during the periodunder review. However the management is constantly trying to introduce new e-Commercebusiness model. Management is confident that in near future Company will be in revivalmode and thereby going concern will not be affected.

As far as another qualification given by Auditors for not carrying out Actuarialvaluation as per the recommendations of Ind AS 19 issuied by ICAI and instead providedfor Gratuity on accrual basis as per Management Estimates. This amount of shortfall insuch provision is currently unascertainable since the Actuarial Valuation was not carriedout. However the management is of the opinion that the provision created in the books issufficient considering the number of employees.

Secretarial Auditors' Report

During the period under review the Company has complied with the provisions of the ActRules Regulations Secretarial Standards etc. issued by the regulatory bodies exceptspecifically highlighted by the Secretarial Auditor. The Secretarial Audit Report isannexed as Annexure II with this Report.

Explanation on qualifications in Secretarial Auditors' Report

Remarks/qualifications highlighted by the SecretarialAuditor are self-explanatory.

Internal Audit

The Company has appointed Internal Auditor for the Financial Year 2018-19. The scopeand authority of the Internal Auditor is as per the terms of reference approved by theAudit Committee. To maintain its objectivity and independence the Internal Auditorreports to the Chairman of the Audit Committee of the Board and to the Chairman &Whole Time Director.

The Internal Auditor monitors and evaluates the efficacy and adequacy of internalcontrol system in the Company its compliance with operating systems accountingprocedures and policies of the Company.

Based on the report of Internal Auditor process owners undertake corrective action intheir respective areas and thereby strengthen the controls. Significant audit observationsand recommendations along with corrective actions thereon are presented to theAuditCommittee of the Board.

Policy/details on directors' appointment and remuneration and other details

The Company's policy on directors' appointment and remuneration and other mattersprovided in Section 178(3) of theAct has been disclosed in the corporate governancereport which forms part of the directors'report.

Particulars of Contracts or arrangements with related parties

Your Company has not entered into any contracts or arrangements of material nature withrelated parties i.e. Directors or their relatives which may conflict with the interest ofthe Company at large during F.Y. 2018-19. The details of the related party transactionsif any are disclosed in the financial section of thisAnnual Report and in prescribedformAOC-2 which is annexed as Annexure III with this Report.

Particulars of loans guarantees or investments under section 186:

Your Company has not given any loans guarantee or made any investments incontravention of section 186 of the Companies Act 2013 during F.Y. 2018-19. Theparticulars of loans guarantees and investments if any are disclosed in the financialsection of thisAnnual Report.

Conservation of energy technology absorption and Foreign Exchange Earning & Outgo:

A. Conservation of Energy:

During the year under review the Company has not spent any amount on conservation ofenergy. Hence the Company has nothing to report as per the requirements of Section 134 (3)(m) of the CompaniesAct 2013 read with the Companies (Accounts) Rule 2014.

B. Technology Absorption:

During the year under review the Company has not absorbed any technology and hence theCompany has nothing to report as per the requirements of Section 134 (3) (m) of theCompanies Act 2013 read with the Companies (Accounts) Rule 2014.

C. Foreign Exchange Earning & Outgo: Earning : NIL

Outgo : NIL

The Company is taking all possible and reasonable efforts to have export earnings.

Annual Evaluation of Board's and Committee's Performance:

The board of directors has carried out an annual evaluation of its own performanceBoard committees and individual directors pursuant to the provisions of the Act and thecorporate governance requirements as prescribed by SEBI under SEBI (LODR) Regulations2015.

The performance of the Board was evaluated by the Board after seeking inputs from allthe directors on the basis of the criteria such as the Board composition and structureeffectiveness of board processes information and functioning etc. The performance of thecommittees was evaluated by the board after seeking inputs from the committee members onthe basis of the criteria such as the composition of committees effectiveness ofcommittee meetings etc.

The Board and/or the Nomination and Remuneration Committee reviewed the performance ofthe individual directors on the basis of the criteria such as the contribution of theindividual director to the Board and committee meetings like preparedness on the issues tobe discussed meaningful and constructive contribution and inputs in meetings etc. Inaddition the Chairman was also evaluated on the key aspects of his role.

In a separate meeting of independent Directors performance of non-independentdirectors performance of the board as a whole and of the Chairman was evaluated takinginto account the views of executive and non-executive directors. The same was discussed inthe board meeting that followed the meeting of the independent Directors at which theperformance of the Board its committees and individual directors was also discussed.

Composition of Committees and other related details:

The Composition of various committees and other related details are disclosed inCorporate Governance Report forming part of thisAnnual Report.

Vigil Mechanism

The company has a policy on vigil mechanism and the same has been kept on the websiteof the company. Corporate Social Responsibility (CSR) The provisions relating to CorporateSocial Responsibly are not applicable to the Company.

Significant and Material Orders

There are no significant and material orders passed by the regulators or courts ortribunals impacting the going concern status and Company‘s operations in future.

Particulars of Employees:

The information required under Section 197 of the Act read with rule 5 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 as amended from timeto time are given below:

1) The ratio of the remuneration of each director to the median remuneration of theemployees of the Company for the financial year:

Name of the Directors with Category Ratio to median remuneration
Mr. Ramesh Gangwal - Non-Executive Independent Chairman -
Mr. Rudra Narain Jha - Non-Executive Independent Director -
Mr. Omprakash P. Pacheria (Whole Time Director) Executive Non-Independent Director Not Ascertainable
Dr. Sadhana Sachin Deshmukh - Non-Executive Non-Independent Director -

2) The percentage increase in remuneration of each director chief financial officerin the financial year:

Name of the Directors CFO and CS % increase in remuneration in the financial year
Mr. Ramesh Gangwal Non-Executive Independent Chairman -
Mr. RudraNarain Jha Non-Executive Independent Director -
Mr. Omprakash P. Pacheria(Whole Time Director) Executive
Non-Independent Director -
Dr. Sadhana S.Deshmukh Non-Executive Non-Independent Director -
Mr. Sameer S. Patil Chief Financial Officer (resigned w.e.f. 25.07.2019) -
Mr. Hitendrakumar Ranka Company Secretary& Compliance Officer (resigned w.e.f. 31.01.2019)
-

3) The percentage increase in the median remuneration of employees in the financialyear: Nil

4) The number of permanent employees on the rolls of Company at 31.03.2019: 2(Two)

5) Average percentile increase already made in the salaries of employees other than themanagerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration:

NOT APPLICABLE

6) Affirmation that the remuneration is as per the remuneration policy of the Company:Your Company affirms that the remuneration is as per the remuneration policy of theCompany.

7) There is no employee drawing remuneration covered under section 197(12) read withRule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014.

Subsidiaries:

During the year under review ‘e-Assurance Services (India) Ltd' is the onlysubsidiary of the Company. The said subsidiary is material in nature non-listedsubsidiary company as defined under the Company's Policy for determining MaterialSubsidiaries. Pursuant to Section 129 of the Companies Act 2013 the Company is requiredto attach to its Annual Report the Directors' Report and financial statements as well asthe Company's interest in the Subsidiary Company. Accordingly all the above detailspertaining to e-Assurance Services (India) Limited have been annexed and form part ofthisAnnual Report.

Pursuant to provisions of Section 129(3) of the Act a statement containing salientfeatures of the financial statements of the Company's subsidiaries in FormAOC-1 isattached to the financial statements of the Company.

Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal) Act2013

Your Company is committed to providing work environment that ensures every employee istreated with dignity and respect and afforded equitable treatment. The Company is alsocommitted to creating a healthy working environment that enables employees to work withoutfear of prejudice gender bias and sexual harassment. During the financial year 2018-19there were no cases reported under Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013.

Corporate Governance:

The Company has taken appropriate steps and measures to comply with all the applicableprovisions of Corporate Governance requirement of SEBI (LODR) Regulations 2015. Aseparate report on Corporate Governance along with a certificate of Practicing CompanySecretary is annexed with this Annual Report. A certificate from the Whole Time Directorand Chief Accounts Officer of the Company confirming internal controls and checkspertaining to financial statements for the year ended March 31 2019 was placed before theBoard of Directors and the Board has noted the same.Alist of the committees and otherrelated information is detailed in the enclosed Corporate Governance Report.

Further there is no revision in financial statements or board report u/s 131 of theCompanies Act 2013 made by the company.

Acknowledgements:

The Directors thank the Company's customers franchisees contractors vendorsbankers Government & other authorities and the shareholders for their support to theCompany. The Directors also sincerely acknowledge the contribution made by all theemployees for their services to the company.

For and on behalf of the Board of Directors of
S KUMARS ONLINE LIMITED
O. P. Pacheria R. N. Jha
Place : Mumbai Whole Time Director Director
Date : 14th August 2019 (DIN: 00105278) (DIN: 00033291)

Annexure I

Declaration of Independence

For the F.Y. 2019-2020

To

The Board of Directors

S Kumars Online Limited

Avadh Bldg.Avadhesh Parisar

G. K. Marg Worli

Mumbai – 400 018

Dear Sirs

Sub: Declaration of Independence pursuant to Section 149 (7) of the Companies Act 2013for F.Y. 2019-2020.

I Ramesh Gangwal son of Shri. Hukumchand Gangwal presently residing atSneh 85 A/B Scheme No-54 Vijay Nagar Indore 452010 Madhya Pradesh India intendingto continue as an Independent Director in M/s. S Kumars Online Limited having itsregistered office at Avadh Bldg. Avadhesh Parisar G. K. Marg Worli Mumbai –400018 do hereby declare that I meet with all the criteria of independent Director asprovided in sub-section (6) of Section 149 of the CompaniesAct 2013 as following:

(a) I Ramesh Gangwal in the opinion of the Board is a person of integrity andpossesses relevant expertise and experience;

(b) (i) I am not a promoter of the company or its holding subsidiary orassociate company;

(ii) I am not related to promoters or directors in the company its holdingsubsidiary or associate company;

(c) I had no pecuniary relationship with the company its holding subsidiary orassociate company or their promoters or directors during the two immediately precedingfinancial years or during the current financial year;

(d) None of my relatives has or had pecuniary relationship or transaction withthe company its holding subsidiary or associate company or their promoters ordirectors amounting to two per cent. or more of its gross turnover or total income orfifty lakh rupees or such higher amount as may be prescribed whichever is lower duringthe two immediately preceding financial years or during the current financial year;

(e) I neither myself nor any of my relative

(i) Holds or has held the position of a key managerial personnel or is or hasbeen employee of the company or its holding subsidiary or associate company in any of thethree financial years immediately preceding the financial year in which he is proposed tobe appointed;

(ii) Is or has been an employee or proprietor or a partner in any of the Threefinancial years immediately preceding the financial year in which I am proposed to beappointed of

(A) a firm of auditors or company secretaries in practice or cost auditors ofthe company or its holding subsidiary or associate company; or

(B) Any legal or a consulting firm that has or had any transaction with thecompany its holding subsidiary or associate company amounting to ten per cent. or moreof the gross turnover of such firm;

(iii) is a Chief Executive or director by whatever name called of anynonprofit organization that receives twenty-five per cent or more of its receipts from thecompany any of its promoters directors or its holding subsidiary or associate companyor that holds two per cent. or more of the total voting power of the company.

I hereby affirm that I have not been a material supplier service provider or acustomer or a lessor or a lessee of the Company which may affect my independence; and wasnot a substantial shareholders of the Company i.e. owing two per cent or more of the blockof voting shares.

I hereby affirm that I shall seek prior approval of the Board if and when I have anysuch relationship /transactions whether material or non-material. If I fail to do so Ishall cease to be an Independent Director from the date of entering into suchrelationship/ transactions.

I hereby affirm that I am qualified to continue as Independent Director of the Company.

-sd-

RAMESH GANGWAL

(DIN : 01281635)

Date: 30/05/2019

Declaration of Independence

For the F.Y. 2019-2020

To

The Board of Directors

S Kumars Online Limited

Avadh Bldg.Avadhesh Parisar

G. K. Marg Worli

Mumbai – 400 018

Dear Sirs

Sub: Declaration of Independence pursuant to Section 149 (7) of the Companies Act 2013for F.Y. 2019-2020.

I Rudra Narain Jha son of Late Shri. ChumbitLal Jha presently residing at FlatNo. 101B Cottage Land Co-Operative Housing Soc. Ltd. Plot 16A Sector 19A Nerul NaviMumbai 400706 Maharashtra India intending to continue as an Independent Director inM/s. S Kumar Online Limited having its registered office atAvadh Bldg.Avadhesh ParisarG. K. Marg Worli Mumbai – 400018 do hereby declare that I meet with all thecriteria of independent Director as provided in sub-section (6) of Section 149 of theCompaniesAct 2013 as following:

(a) I RudraNarain Jha in the opinion of the Board is a person of integrity andpossesses relevant expertise and experience;

(b) (i) I am not a promoter of the company or its holding subsidiary orassociate company;

(ii) I am not related to promoters or directors in the company its holdingsubsidiary or associate company;

(c) I had no pecuniary relationship with the company its holding subsidiary orassociate company or their promoters or directors during the two immediately precedingfinancial years or during the current financial year;

(d) None of my relatives has or had pecuniary relationship or transaction withthe company its holding subsidiary or associate company or their promoters ordirectors amounting to two per cent. or more of its gross turnover or total income orfifty lakh rupees or such higher amount as may be prescribed whichever is lower duringthe two immediately preceding financial years or during the current financial year;

(e) I neither myself nor any of my relatives

(i) Holds or has held the position of a key managerial personnel or is or hasbeen employee of the company or its holding subsidiary or associate company in any of thethree financial years immediately preceding the financial year in which he is proposed tobe appointed;

(ii) Is or has been an employee or proprietor or a partner in any of the Threefinancial years immediately preceding the financial year in which I am proposed to beappointed of

(A) a firm of auditors or company secretaries in practice or cost auditors ofthe company or its holding subsidiary or associate company; or

(B) Any legal or a consulting firm that has or had any transaction with thecompany its holding subsidiary or associate company amounting to ten per cent. or moreof the gross turnover of such firm;

(iii) is a Chief Executive or director by whatever name called of anynonprofit organization that receives twenty-five per cent or more of its receipts from thecompany any of its promoters directors or its holding subsidiary or associate companyor that holds two per cent. or more of the total voting power of the company.

I hereby affirm that I have not been a material supplier service provider or acustomer or a lessor or a lessee of the Company which may affect my independence; and wasnot a substantial shareholders of the Company i.e. owing two per cent or more of the blockof voting shares.

I hereby affirm that I shall seek prior approval of the Board if and when I have anysuch relationship /transactions whether material or non-material. If I fail to do so Ishall cease to be an Independent Director from the date of entering into suchrelationship/ transactions.

I hereby affirm that I am qualified to continue as Independent Director of the Company.

Sd/-

Rudra Narain Jha

(DIN : 00033291)

Date: 30/05/2019