To

The Members

The Board of Directors of your Company take pleasure in presenting before you the 27^thAnnual Report of the Company together with the Audited Financial Statements for thefinancial year ended March 31 2022.

FINANCIAL SUMMARY/HIGHLIGHTS OPERATIONS & STATE OF AFFAIRS:

(Rs. In Lakh)

Note: Figures have been regrouped / reclassified / rearranged wherever necessary whilepreparing the above statement.

BUSINESS OVERVIEW:

• As at 31^st March 2022 the loan portfolio stood at Rs. 1045.47 Lakhsas against Rs. 1142.78 Lakhs in the previous year de growth of 8.5%. The reason ofdecrease in the loan book was due to COVID-19 pandemic tight liquidity moderate economicgrowth risk averseness in the lending environment.

• Looking to the COVID situation and being risk averse the Company has not madedisbursements during the year.

• Profit before tax amounted to Rs. 52.30 Lakhs in the year 2021-22 as against Rs.66.43 Lakhs in the preceding year.

• Profit after Tax (PAT) amounted to Rs. 39.49 Lakhs in the year 21-22 against Rs.50.57 Lakhs in the previous year.

DIVIDEND:

Your Directors felt it prudent to retain the earnings for the year under review to beploughed back in business which shall result in further augmentation of the Company'sgrowth and Shareholders' wealth.

CHANGES IN SHARE CAPITAL:

During the year under review there is no change in share capital of the Company.

BORROWINGS:

Banks and Financial Institutions:

The Company did not avail any fresh credit facility during the year 2021-22. Furtherthe company has nil outstanding credit facilities from Banks and Financial Institutions asat March 31 2022.

Ratings:

As on 31st March 2022 the Bank loan facilities of the Company have been rated byBrickwork Ratings the Credit Rating agency as BWR BB Outlook: Negativee. Further the saidrating has been withdrawn at the request of the Company on August 12 2022.

UNCLAIMED DIVIDEND AND UNCLAIMED SHARES:

Under the provisions of Section 124 and 125 of The Companies Act 2013 and Rules framedthereunder and Investor Education and Protection Fund Authority (Accounting AuditTransfer and Refund) Rules 2016 read with the relevant circulars and amendments theretodividends that remain unclaimed for a period of seven years from the date of declarationare required to be transferred to the Investor Education and Protection Fund (IEPF)administered by the Central Government.

Further as per the provisions of Section 124(6) of The Companies Act 2013 read withthe Investor Education & Protection Fund Authority (Accounting Audit Transfer &Refund) Rules 2016 the shares in respect of which the dividend has not been claimed forseven (7) consecutive years are required to be transferred by the Company to thedesignated Demat account of the IEPF Authority.

As at March 31 2022 there is no unpaid/ unclaimed Dividend and the shares to betransferred to the Investor Education & Protection Fund.

DIRECTORS AND KEY MANAGERIAL PERSONNEL:

Constitution of Board:

The composition of Board complies with the requirements of the Companies Act 2013("Act"). Further in pursuance of Regulation 15(2) of SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 ("Listing Regulations") theCompany is exempted from the requirement of having composition of Board as per Regulation17 of Listing Regulations.

None of the Directors of Board is a member of more than 10 Committees or Chairman ofmore than 5 committees across all the Public companies in which they are Director. Thenecessary disclosures regarding Committee positions have been made by all the Directors.

Neither any of the Director of the Company is holding position as Director in more than7 listed entities nor any of the Director of the Company serve as an Independent Directorin more than 7 listed entities.

As on 31^st March 2022 the Board comprises of the following Directors;

Mr. Vinod K Jain has been resigned as the Member of Audit Committee and Ms. RichaBhandari has been appointed the member of the Audit Committee with effectfrom 1^stSeptember 2021

Disclosure of relationship between directors inter-se:

Board Meeting

The Board of the Company regularly meets to discuss various Business opportunities.Additional Board meetings are convened as and when required to discuss and decide onvarious business policies strategies and other businesses.

During the year under review Board of Directors of the Company met 6 times on30-06-2021 17-07-2021 01-09-2021 13-11-2021 10-02-2022 & 30-03-2022.

The details of attendance of each Director at the Board Meetings are given below: -

*Mr. Arjun lal Jain Independent Director has resigned with effect from 13^thJuly 2021 and Mr. Dilip Kumar Singhvi has been appointed with effect from 17th July 2021in his place as an Additional Independent Director.

Independent Directors and Statement on declaration given by Independent Director:-

In terms of Section 149 of the Companies Act 2013 and rules made there under theCompany has two Independent Directors in line with the act. The Company has receivednecessary declaration from each Independent Director of the Company under Section 149(7)of The Companies Act 2013 that the Independent Directors of the Company meet with thecriteria of their Independence as laid down in Section 149(6) of The Companies Act 2013and Regulation 16(1)(b) of SEBI (LODR) 2015 Further all the Independent Directors of theCompany have registered themselves in the Independent Director Data Bank.

A separate meeting of Independent Directors was held on March 30 2022 to review theperformance of Non- Independent Directors and Board as whole and performance ofChairperson of the Company including assessment of quality quantity and timeliness offlow of information between Company management and Board.

Information on Director:-

During the year under review Mr. Arjun Lal Jain has tendered his resignation as anIndependent Director of the company with effect from July 13 ^th 2021 due tocertain personal reasons and professional commitments.

Mr. Dilip Kumar Singhvi was appointed as an Additional Independent Director of theCompany with effect from 17^th July 2021 subject to approval of shareholders ofthe Company and the shareholders at the 26^th Annual General Meeting haveapproved his appointment as an Independent Director of the Company.

Mrs. Seema Jain Whole-Time Director of the Company have been reappointed as theWhole-time Director of the company for a period of three years from 20^th July2021 to 19^th July 2024 on such terms and conditions including remuneration asapproved by the Nomination and Remuneration Committee and the shareholders of the Companyhas approved her reappointment in the 26^th Annual General Meeting of theCompany.

Mr. Vinod K. Jain. Managing Director being longest in tenure offer himself forReappointment at the 27^th Annual General Meeting of the Company. The Nominationand Remuneration Committee and Board of Directors recommended his re-appointment on theBoard.

The relevant details as required under Regulation 36 (3) of SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 ("SEBI Listing Regulations") andSecretarial Standard of the person seeking re-appointment as Director are also providedin Notes to the Notice convening the 27^th Annual General meeting.

Information of Key Managerial personnel:-

During the year there was no change in the Key Managerial Personnel of the Company.Further Ms. Vaishali Jain was has resigned as Chief Financial Officer of the Company witheffect from 18^th April 2022 and Ms. Divya Kothari has resigned as CompanySecretary cum Compliance Officer with effect from August 22 2022.

COMPOSITION OF BOARD COMMITTEES:

AUDIT COMMITTEE

The Committee's composition meets with requirements of Section 177 of the CompaniesAct 2013 and Regulation 18 of SEBI (Listing Obligation and Disclosure Requirement)Regulations 2015. Members of the Audit Committee are financially literate and haverelevant finance / audit exposure. Chairman of the Audit Committee was present at theprevious Annual General Meeting of the Company held on 30^th September 2021.

Powers and Roles of the Committee:

The Audit Committee assists the board in the dissemination of financial information andin overseeing the financial and accounting processes in the Company. The terms ofreference of the audit committee covers all matters specified section 177 of the CompaniesAct 2013. The terms of reference broadly include review of internal audit reports andaction taken reports assessment of the efficacy of the internal control systems/financial reporting systems and reviewing the adequacy of the financial policies andpractices followed by the Company. The audit committee reviews the compliance with legaland statutory requirements the half yearly and annual financial statements and relatedparty transactions and reports its findings to the Board. The committee also recommendsthe appointment of internal auditor statutory auditor. The committee also looks intothose matters specifically referred to it by the Board.

Meetings:

The audit committee met Five (5) times during the year on 30-06-2021 01-09-202113-11-2021 10-02-2022 & 30-03-2022.

The Composition of Audit Committee and attendance is as mentioned below:-

Mr. Vinod K Jain has been resigned as the Member of Audit Committee and Ms. RichaBhandari has been appointed the member of the Audit Committee with effect from 1^stSeptember 2021.

STAKEHOLDER'S RELATIONSHIP COMMITTEE

The Stakeholders Relationship Committee has been constituted by the Board in compliancewith the requirements of Section 178 (5) of the Act.

Terms of reference of the Committee:

The committee met regularly to redress investor grievances like non receipt of dividendwarrants non- receipt of share certificates etc. The terms of reference of the committeemeet with the requirements of SEBI (LODR) Regulations 2015 and provisions of TheCompanies Act 2013.

The chairman of the committee was present at the 26^th AGM to answershareholder queries.

Investor Grievance Redressal:

SEBI vide Circular Ref: CIR/OIAE/2/2011 dated June 3 2011 informed the Company thatthey had commenced processing of investor complaints in a web based complaints redresssystem "SCORES". Under this system all complaints pertaining to companies areelectronically sent through SCORES and the companies are required to view the complaintspending against them and submit Action Taken Report (ATRs) along with supporting documentselectronically in SCORES. During the year company did not receive any complaints frominvestors.

Meetings: The committee met 1 (One) time during the year 2021-22 on 30^thMarch 2022.

The composition of the committee and details of attendance is as below:-

Please note that Mr. Arjun Lal Jain resigned from the post of member of StakeholderRelationship Committee with effect from 13.07.2021 & Mr. Dilip Kumar Singhvi wasappointed as the member of the Stakeholder Relationship Committee with effect from17.07.2021.

There are no investor complaint received during the year and no complaint is pending ason 31^st March 2022.

NOMINATION AND REMUNERATION COMMITTEE

The Committee's composition meets with the provisions of The Companies Act 2013.

The role of the Nomination and Remuneration Committee inter alia includes Identifypersons who are qualified to become directors and who may be appointed in seniormanagement in accordance with the criteria laid down and recommend to the board ofdirectors their appointment and removal; Formulate the criteria for determiningqualifications positive attributes and independence of a director and recommend to theboard of directors a policy relating to the remuneration of the directors key managerialpersonnel and other employees; Evaluate and approve the adequacy of the compensationplans policies and programs for

Company's Executive Directors KMP and Senior Management; Recommend appointment andremoval of Directors for approval at the general meeting of shareholders; Carry outevaluation of the performance of the Board and review the evaluation's implementation andcompliance; Devise a policy on diversity of Board; Develop and recommend to the Board aset of corporate governance guidelines applicable to the Company and monitor compliancewith regard to the same. The role and responsibilities of the committee shall include suchother items as may be prescribed by the Board in compliance with applicable law from timeto time.

Meetings:

During the financial year 2021-22 the committee met 1 (one) times on 30-06-2021.

The details of composition and attendance at the Nomination and Remuneration Committee-

Please note that Mr. Arjun Lai Jain resigned from the post of Chairman of NRC witheffect from 13.07.2021 & Mr. Dilip Kumar Singhvi was appointed as the Chairman of theNRC with effect from 17.07.2021.

REMUNERATION POLICY:

The remuneration policy including the criteria for remunerating non-executivedirectors is recommended by the nomination and remuneration Committee and approved by theboard. The key objective of the remuneration policy is to ensure that it is aligned to theoverall performance of the Company. The Company's remuneration policy is directed towardsrewarding performance based on review of achievements periodically.

The Company's remuneration policy is directed towards rewarding performance based onreview of achievements periodically. The remuneration policy is in consonance with theexisting industry practice. A copy of the said policy is available at the link:http://www.srgfin.com/BestPractices/7/Miscellaneous.

The remuneration Paid to the directors is in line with the remuneration policy of thecompany.

MATTERS AS PRESCRIBED UNDER SUBSECTIONS (1) AND (3) OF SECTION 178 OF THE COMPANIESACT 2013:

The Nomination & Remuneration Committee consists of composition of Non- ExecutiveDirectors out of which two are Independent Director and one is Non-Executive Director. Thecopy of Nomination and Remuneration policy is available at the Website of the Company i.e.www.srgfin.com.

CRITERIA ADOPTED FOR EVALUATION:

Pursuant to the provisions of Section 134(3)(p) the Companies Act 2013 the Board hascarried out the annual performance evaluation of its own performance the Directorsindividually as well as the evaluation of the working of its Committees. A structuredquestionnaire was prepared after taking into consideration inputs received from theDirectors covering various aspects of the Board's functioning such as adequacy of thecomposition of the Board and its Committees Board culture execution and performance ofspecific duties obligations and governance.

(i) Performance review of all the Non-Independent Directors of the company on the basisof the activities undertaken by them expectation of board and level of participation;

(ii) Performance review of the Executive Directors of the company in terms of level ofcompetence of in steering the company;

(iii) The review and assessment of the flow of information by the company to the boardand manner in which the deliberations take place the manner of placing the agenda and thecontents therein;

(iv) The review of the performance of the directors individually its own performanceas well as evaluation of working of its committees shall be carried out by the board;

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.

• The performance of the board was evaluated by the board after seeking inputsfrom all the directors on the basis of the criteria such as the board composition andstructure effectiveness of board processes information and functioning etc.

• The performance of the committees was evaluated by the board after seekinginputs from the committee members on the basis of the criteria such as the composition ofcommittees effectiveness of committee meetings etc.

• The board and the nomination and remuneration committee reviewed the performanceof the 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.

Separate meeting of independent director was held to evaluate the performance ofnon-independent directors performance of the board as a whole taking into account theviews of executive directors and non- executive directors. Performance evaluation ofindependent director was done by the entire board excluding the independent directorbeing evaluated.

MANAGEMENT DISCUSSION AND ANALYSIS:

Pursuant to SEBI (LODR) Regulations 2015 and Circular/ Notifications/Directionsissued by RBI from time to time Report on Management Discussion and Analysis is annexedherewith.

SUBSIDIARY COMPANIES:

The Company does not have any subsidiary company.

DIRECTOR'S RESPONSIBILITY STATEMENT:

In pursuance of Section 134 (3) (c) read with Section 134(5) of The Companies Act2013 and based on the information provided by the management your Directors herebyconfirm that:

a. In the preparation of the annual accounts the applicable accounting standards havebeen followed;

b. Accounting policies selected were applied consistently. Reasonable and prudentjudgments and estimates were made so as to give a true and fair view of the state ofaffairs of the Company as at March 31 2022 and of the profit of the Company for the yearended on that date;

c. Proper and sufficient care has been taken for the maintenance of adequate accountingrecords in accordance with the provisions of The Companies Act 2013 for safeguarding theassets of the Company and for preventing and detecting frauds and other irregularities;

d. The annual accounts of the Company have been prepared on a going concern basis;

e. Internal Financial Controls have been laid down to be followed by the Company andsuch Internal Financial Controls were adequate and were operating effectively;

f. Systems to ensure compliance with the provisions of all applicable laws were inplace and were adequate and operating effectively.

CORPORATE GOVERNANCE AND SHAREHOLDERS INFORMATION:

The Company strives to incorporate the appropriate standards for corporate governance.However pursuant to Regulation 15(2) of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 the Company is not required to mandatorily comply with theprovisions of certain regulations of the SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 and therefore the Company has not provided a separatereport on Corporate Governance although few of the information are provided in thisreport under relevant heading.

In terms of Section 136 of The Companies Act 2013 the reports and accounts are beingsent to the members and others entitled thereto in the prescribed form.

RELATED PARTY TRANSACTIONS:

All contracts / arrangements / transactions entered by the Company with related partiesare in the ordinary course of business and on an arm's length basis. Your Directors drawattention of the Members to Note no. 23 to the Financial Statements which sets out relatedparty disclosures.

During the year the Company had not entered into any contract / arrangement /transaction with related parties which could be considered material in accordance with thepolicy of the Company on materiality of related party transactions accordinglyinformation is not given in Form AOC-2.

The Policy on materiality of related party transactions and dealing with related partytransactions as approved by the Board may be accessed on the Company's website at the link(http://www.srgfin.com/AdminPannel/DataImages/DocumentUploads/281_RELATED%20PARTY%20TRANSACTION%20POLICY.pdf)

RISK MANAGEMENT POLICY:

A well-defined risk management mechanism covering the risk mapping and trend analysisrisk exposure potential impact and risk mitigation process is in place. The objective ofthe mechanism is to minimize the impact of risks identified and taking advance actions tomitigate it. The mechanism works on the principles of probability of occurrence andimpact if triggered. A detailed exercise is being carried out to identify evaluatemonitor and manage both business and non-business risks.

CORPORATE SOCIAL RESPONSIBILITY POLICY:

Pursuant to the provisions of Section 135 and Schedule VII of The Companies Act 2013at present the CSR provisions are not applicable to the Company.

DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. The scope and authority of the Internal Audit function isdefined by board. To maintain its objectivity and independence the Internal Auditorreports to the Chairman of the Audit Committee of the Board and/or to the ManagingDirector.

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 respective heads undertake corrective actionsin their respective areas and thereby strengthen the controls. Significant auditobservations and recommendations along with corrective actions thereon are presented tothe Audit Committee of the Board and/or to the Managing Director.

AUDITORS:

STATUTORY AUDITOR:

In accordance with provisions of Companies Act 2013 the current Statutory Auditor M/sPKJ & Co. Chartered Accountants (Registration No. 124115W) appointed by the membersat the 22nd Annual General Meeting held on September 30 2017 as the statutory Auditor ofthe Company for a period of five years upto the conclusion of ensuing Annual GeneralMeeting.

The Board of Directors places on record its appreciation for the services rendered byM/s PKJ & Co as the statutory Auditor of the Company.

Pursuant to the provisions of Section 139 142 and all other applicable provisions ofthe Companies Act 2013 and Rules made thereunder the Board of Directors of the Companyon the recommendation of Audit Committee has considered and recommended the appointmentof. M/s Valawat & Associates (FRN: 003623C) Chartered Accountant as statutory auditorfor a term of five years beginning from the conclusion of 27th AGM till the conclusion of32^nd AGM subject to approval of members at the ensuing AGM.

The Company has received a confirmation from the said Auditors that they are notdisqualified and are eligible to hold the office as Auditors of the Company.

The Statutory Auditors have audited the books of accounts of the Company for thefinancial year ended March 31 2022 and have issued the Auditors' Report thereon.

The Statutory auditors' report annexed to the financial statements for the year underreview does not contain any qualifications reservations or adverse remarks.

The details of remuneration paid by the Company to M/s. PKJ & Co. CharteredAccountants are provided in note no. 22 of the financial statements.

During the year under review the statutory auditor have not reported and instances offraud committed in the Company by its officers or employee to the Board/Audit Committeeunder Section 143(12) of the Company's Act 2013.

SECRETARIAL AUDITOR:

Mr Shiv Hari Jalan Practicing Company Secretary was appointed as the SecretarialAuditor of the Company for the financial year 2021-22 by the Board of Directors pursuantto provisions of The Companies Act 2013 and Rules there under. Secretarial audit reportas provided by Mr. Shiv Hari Jalan Practicing Company Secretary is annexed to thisReport.

QUALIFICATIONS IN AUDIT REPORT:

There are no qualifications reservations or adverse remarks or disclaimer made:

(a) By the Statutory Auditor in his report; and

(b) By the Company Secretary in Practice in his Secretarial Audit Report.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS:

Details of Loans Guarantees and Investments covered under the provisions of Section186 of the Companies Act 2013 if any apart from the loans made guarantee given orsecurity provided by the Company in the ordinary course of business are given in theNotes to accounts forming part of the Audited Financial Statements for the year endedMarch 31 2022.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:

(A) Conservation of energy:

The Company's operations are not power intensive. Nevertheless your Company is takingevery step to conserve and minimize the use of energy wherever possible such as usingenergy efficient computer terminals purchasing energy efficient equipment's etc.

(B) Technology absorption:

The Company has imported no technology. Indigenous technology available is continuouslyupgraded to improve overall performance.

(C) Expenditure incurred on research and development:

The Company has no formal research and development department but the Company iscontinuously making efforts to strengthen research and development activities to improvequality and reduce cost.

(D) Foreign exchange earnings and Outgo:

During the year under review there was no earnings and outgo in foreign exchange.

REQUIREMENT FOR MAINTENANCE OF COST RECORDS:

Since the Company is Non-Banking Finance Company (NBFC) the Company is not required tomaintain cost records as specified by the Central Government under section 148 (1) of theCompanies Act 2013.

EXTRACT OF ANNUAL RETURN:

The Annual Return of the Company as on March 31 2022 is available on the Company'swebsite and can be accessed at http://www.srgfin.com/

PARTICULARS OF EMPLOYEES:

As at March 31 2022 there was no employee employed throughout the year who was inreceipt of remuneration of Rs. 1.02 Crores or more per annum or Rs. 8.50 Lakhs or more permonth if employed for the part of the year.

EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

There are no material changes and commitments affecting financial position of theCompany between March 31 2022 and the date of Board's Report.

CHANGE IN THE NATURE OF BUSINESS:

There are no changes in the nature of Business.

DETAILS RELATING TO DEPOSITS:

Your Company has not accepted any deposits from the public during the year under review.The Company has been granted registration by the Reserve Bank of India as a non-deposittaking NBFC. Being so the Company has neither accepted in the past nor has any futureplans to accept any public deposits.

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

The Company has been following directions guidelines circulars issued by SEBI BSEMCA RBI etc. from time to time relating to companies and that there are no significant& material orders passed by these regulators so far.

DISCLOSURES ON MANAGERIAL REMUNERATION:

Details of Managerial remuneration as required under Rule 5(1) of The Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 read with The Companies(Appointment and Remuneration of Managerial Personnel) Amendment Rules 2016 is given asAnnexure to this report.

LISTING WITH STOCK EXCHANGES:

The Company confirms that it has paid the Annual Listing Fees for the year 2021-22 and2022-23 to BSE where the Company's Shares are listed.

INVESTOR COMPLAINTS AND COMPLIANCE:

During the year company has not received any investor complaints and that as on date nocomplaints are pending.

EARNINGS PER SHARE (EPS):

The Earnings Per Share (EPS) is Rs. 0.73 as at March 31st 2022 as against Rs. 0.94 asat March 31st 2021. CAPITAL ADEQUACY:

Your Company's capital adequacy ratio was 108.90% as on 31^st March 2022(previous year 95.98%).

VIGIL MECHANISM:

The Company has established a vigil mechanism and accordingly framed a Whistle BlowerPolicy. The policy enables the employees to report to the management instances ofunethical behavior actual or suspected fraud or violation of Company's Code of Conduct.Further the mechanism adopted by the Company encourages the Whistle Blower to reportgenuine concerns or grievances and provide for adequate safe guards against victimizationof the Whistle Blower who avails of such mechanism and also provides for direct access tothe Chairman of the Audit Committee in exceptional cases. The functioning of vigilmechanism is reviewed by the Audit Committee from time to time. None of the Whistleblowers has been denied access to the Audit Committee of the Board. The Whistle BlowerPolicy of the Company is available on the website of the Company www.srgfin.com.

NON-PERFORMING ASSETS AND PROVISIONS FOR CONTINGENCY:

Your Company adhered to the prudential guidelines for Non-performing Assets (NPAs)issued by Reserve Bank of India as amended from time to time. As per the prudentialnorms the income on such NPAs is not to be recognized if unrealized.

As per the prudential norms prescribed by the Reserve Bank of India the Company hasmade provision for contingencies on standard as well as non-performing assets.

DECLARATION UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITION ANDREDRESSAL) ACT 2013:

As required under the provision of Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 and rules framed thereunder the Company hasimplemented a policy on Sexual Harassment of Women at Workplace. An internal complaintcommittee has been set up to receive complaints investigate matter and report to themanagement.

An Internal Committee has been constituted to receive complaints investigate matterand report to the management. Pursuant to the provisions of Section 22 of the SexualHarassment of Women at Workplace (Prevention Prohibition and Redressal) Act 2013 thecomplaints received thereunder and the details relating thereto are as follows:

(a) Number of complaints pending at the beginning of the year: Nil

(b) Number of complaints received during the year: Nil

(c) Number of complaints disposed of during the year: Nil

(d) Number of cases pending at the end of the year: Nil

Your Directors state that during the year under review there were no cases filedpursuant to the Sexual Harassment of Women at Workplace (Prevention Prohibition andRedressal) Act 2013.

GENERAL DISCLOSURE:

Your Directors state that the Company has made disclosures in this report for the itemsprescribed in section 134 (3) of the Act and Rule 8 of The Companies (Accounts) Rules2014 and other applicable provisions of the act and listing regulations to the extent thetransactions took place on those items during the year. Your Directors further state thatno disclosure or reporting is required in respect of the following items as there were notransactions on these items during the year under review;

i. Equity Shares with differential rights as to dividend voting or otherwise;

ii. Issue of shares (including sweat equity shares) to employees of the Company underany scheme save and ESOS;

iii. Annual Report and other compliances on Corporate Social Responsibility;

iv. There is no revision in the Board Report or Financial Statement;

v. No significant or material orders were passed by the Regulators or Courts orTribunals which impact the going concern status and Company's operations in future

vi. Information on subsidiary associate and joint venture companies

PUBLIC DEPOSITS:

Your Company has not accepted any deposits from the public during the year under review.The Company has been granted registration by the Reserve Bank of India as a non-deposittaking NBFC. Being so the Company has neither accepted in the past nor has any futureplans to accept any public deposits.

REPORTING OF FRAUD:

The Auditors of the Company have not reported any fraud as specified under Section143(12) of the Companies Act 2013.

LOANS AND ADVANCES IN THE NATURE OF LOANS TO FIRMS/COMPANIES IN WHICH DIRECTORS AREINTERESTED BY NAME AND AMOUNT:

There are no loans and advances in the nature of loans to firms/companies in whichdirectors are interested.

DISCLOSURE UNDER RULE 8 OF THE COMPANIES (ACCOUNTS) RULES 2014:

During the year under review the Company has not made any application nor anyproceedings are pending under the Insolvency and Bankruptcy Code 2016. Further there wereno instances of one-time settlement for any loans taken from the Banks or FinancialInstitutions.

A NOTE OF APPRECIATION:

Your Directors of the Company place on record their appreciation for the adviceguidance and support given by various regulatory authorities including the Reserve Bank ofIndia (RBI) Securities and Exchange Board of India (SEBI) Ministry of Corporate Affairs(MCA) Stock Exchange (BSE) Depositories (NSDL & CDSL)and all the bankers and Lendersof the Company. The Directors would also like to acknowledge the role of all itsstakeholders - shareholders borrowers key partners and lenders for their continuingsupport to the Company. Directors also record their appreciation for the dedicatedservices of the employees and their contribution to the growth of the Company. The Boardwould also like to express its sincere appreciation to all the Company's valuedShareholders Registrar & Share Transfer Agent Rating agencies local/ statutoryauthorities Service Providers and Counselors for their continued support and patronage.

Best Wishes