To the members of Savera Industries Ltd

The Directors have pleasure in presenting the 53rd Annual Report ofM/s. Savera Industries Ltd (the company) along with the audited financial statementsunder Ind AS for the financial year ended 31st March 2022.

1. FINANCIAL RESULTS

The Financial Results of the Company for the year under review issummarized below for your perusal and consideration.

(Rs. in lakhs)

1.1 STATE OF COMPANY?S AFFAIRS

During the year under review the company achieved a turnover ofRs.3299.07 lakhs against the corresponding previous year turn over of Rs.2076.69 lakhs.Total expenditure for the period ended as at 31st March 2022 amounted to Rs.3348.80 lakhsincreased by Rs.861.03 lakhs as compared to the previous year. The Profit (EBITDA) beforedepreciation finance cost and tax for the year ended 31st March 2022 amounted toRs.249.87 lakhs as against the profit of Rs. 5.61 lakhs over the corresponding period lastyear. Deferred tax for the year ended 31st March 2022 amounted to Rs.Nil. The Loss afterdeferred tax for the year ended 31st March 2022 stood at Rs. (80.28) lakhs as againstLoss of Rs. (409.80) lakhs. No amount was transferred to General Reserve during the yearunder review. The company has adopted Ind-AS from the financial year 2017-18..

2. DIVIDEND

No dividend has been recommended to the shareholders for the financialyear 2021-22 keeping in view of the loss incurred by the company.

3. HOSPITALITY INDUSTRY IN INDIA - GROWTH TRENDS COVID-19 IMPACT ANDFORECASTS (2022 - 2027)

The Hospitality Industry in India is segmented by Type (Chain Hotelsand Independent Hotels) and by Segment (Service Apartments Budget and Economy HotelsMid and Upper Mid Scale Hotels and Luxury Hotels). The report offers market size andforecast in value (USD billion) for all the above segments.

MARKET OVERVIEW

The hospitality industry in India has been scoring a moderate growthnumber from the past few years and has great potential to score an even greater number inthe future. The nation which is rich in culture and diversity has been attracting a largenumber of tourists from all over the globe. India has also been recognized as adestination for spiritual tourism for international and domestic tourists. India isshowing continuous growth in position moving from 65th to 34th position in the WorldEconomic Forum's travel and tourism competitiveness index. On the other side theconsistently growing middle class rising levels of their disposable income increasinginterest among millennials to travel in their home country are a few major reasons thatare making the domestic travel industry a profitable one.

The hospitality and tourism industry has been witnessing a healthygrowth number and accounted for 7.5% of the GDP. India is a part of the top 100 clubs onEase of Doing Business (EoDB) and ranks 1st in the greenfield FDI ranking globally and tostrengthen the cruise tourism sector the Government of India (GoI) has selected ChennaiGoa Kochi Mangalore and Mumbai ports to develop them as cruise tourism hubs. Theseterminals will have facilities like hospitality retail shopping and restaurants.

Less than three million foreign tourists visited India in 2020 a dipof around 75 per cent as compared to the previous year due to travel restrictions imposedto control the coronavirus pandemic. "To incentivize stakeholders in the tourismindustry the guidelines for the scheme of Market Development Assistance (MDA) forproviding financial support to stakeholders for the promotion of domestic tourism havebeen modified to enhance the

scope and reach of the scheme to provide maximum benefits to thestakeholders. In addition promotional activities have been incorporated including onlinepromotions and the extent of financial assistance permissible has been enhanced.

Due to the COVID-19 pandemic India's hotel sector is one of theworst-hit segments of the economy contracted by 47% in April-June 2020 as per datareleased by the National Statistical Office (NSO) on August 312020. The hotel industryin May 2020 experienced an occupancy decline of 77% over the same time last year. Thedomestic hospitality industry which has been severely affected by the COVID-19 relateddisruptions is likely to witness a decline of over 65% in 2021.

COMPETITIVE LANDSCAPE

The report on the Hospitality Industry in India covers the majorinternational players and the leading domestic players in the hotel and hospitalityindustry in India. The hospitality sector in India is dynamic and emerging. It holdsgreater potential to grow for both the national and international players who areinterested to enter the Nation's hospitality industry.

FOREIGN TOURIST INFLOW TO INDIA JANUARY 2022

Ministry of Tourism compiles monthly Foreign Tourist Arrivals (FTAs) onthe basis of information received from Bureau of Immigration (BOI). The following are theimportant highlights regarding FTAs during the month of January 2022.

FOREIGN TOURIST ARRIVALS (FTAS):

1. FTAs in January 2022 were 201546 with a positive growth rate of140.4% as compared to 83822 in January 2021.

2. The percentage share of Foreign Tourist Arrivals in India duringJanuary 2022 among the top 15 source countries USA (27.76%) followed by Bangladesh(11.85%) UK (10.03%) Canada (6.97%) Australia (6.44%) Sri Lanka (4.64%) RussianFederation (2.38%) Maldives (2.25%) Portugal (2.21%) Germany (1.70%) Nepal (1.63%)France (1.41%) Singapore (1.07%) Italy (1.01%) and Oman (0.94%).

3. The percentage share of Foreign Tourist Arrivals in India duringJanuary 2022 among the top 15 ports was highest at Delhi Airport (38.70%) followed byMumbai Airport (14.95%) Chennai Airport (10.40%) Cochin Airport (5.26%) AhmedabadAirport (5.23%) Hyderabad Airport (4.90%) Bengaluru Airport (4.83%) Kolkata Airport(4.55%) Haridaspur Land Check Post (3.31%) Dabolim (Goa) Airport (1.93%) TrivandrumAirport (1.53%) Gede Land Check Post (1.23%) Tiruchirappalli Airport (0.73%) AmritsarAirport (0.70%) and Agartala Airport (0.44%).

4. MANAGEMENT DISCUSSION AND ANALYSIS

INDUSTRY STRUCTURE AND DEVELOPMENTS

One of the significant changes brought about by the pandemic is the waywe work. With the rise of the hybrid working model people are experimenting with theirwork settings by traveling to new locations and working from there to alleviate boredom.Such trends are fueling the growing demand for workation which allows them to work fromanywhere and with all of the necessary tools.

In addition families are looking for short-term destination travel andweekend getaways to domestic locations in order to avoid the threat of pandemic fromcrowded locations. Therefore the changing dynamics of the travel and hospitalityindustries are providing an entirely new perspective for hotels on how to provide adelightful guest experience in the new normal.

OPPORTUNITIES

India's hospitality sector witnessed a 15.9% negative growth at apan-India level in RevPAR in Q1 2022 compared to Q4 2021 due to the third wave of thepandemic according to JLL's Hotel Momentum India (HMI) Q12022.

The Indian hospitality sector witnessed a rapid and strong recoverypost the third wave in January 2022 driven by growth in demand for leisure wedding andbusiness travel. As a result Revenue Per Available Room (RevPAR) witnessed a growth of39.1 % year-on-year (YoY) in Q12022 (Jan-March).

Whilst the beginning of Q1 2022 was slow in February and March rapidrevival was witnessed in the domestic leisure as well as meetings incentives conferencesand exhibitions (MICE) and business travel demand segments.

Many hotels in major metropolitan cities witnessed significant growthin domestic business travel.

The next two quarters are expected to remain busy on the back ofdomestic leisure amidst the summer holidays. Continued growth in business travel isexpected as most people have resumed work from the office and are travelling for clientmeetings as well as project work. The total number of hotel signings in Q1 2022 stood at56 hotels with 3739 keys. The hotel signings witnessed a significant increase of 81.2% ascompared to signings in Q1 2021. Domestic operators dominated signings over internationaloperators with a ratio of 75:25 in terms of inventory volume.

TRENDS FOR THE HOSPITALITY AND TRAVEL INDUSTRY IN 2022.

Since the Covid pandemic outbreak two years ago the hotel and travelindustries have been through some difficult times. As the tourism sector began to recoverfrom the pandemic's grasp the latest Omicron variant struck making the future prospectsas grim as possible. Thus businesses in the industry are coming up with new and uniqueways to attract travellers and tourists from all over the world in order to stem thelosses. In the new normal businesses are making guest health and safety a top concernimplementing simple and no-questions-asked refund and cancellation policies to make iteasier for guests to plan ahead.

Here are some future trends in the hospitality and travel industriesthat experts are heavily betting on:.

CONTACTLESS HOSPITALITY SERVICES

In the aftermath of the epidemic guests' top priorities aresanitation safety and contactless services in most locations. As a response the playersin this industry are embracing technology at a rapid speed in order to keep up with theindustry's changing expectations. Everything is now done online with little to nointeraction with personnel from check-in to check-out upsells and cross-sells menu toin-stay service. In addition many hotels are now employing QR codes that customers canscan with their mobile devices without having to engage with hotel workers physically andaccess a digital concierge that offers guests a totally contactless experience.

THREATS

The hospitality industry struggled in 2021 to make a comeback after thefallout from the COVID-19 pandemic. As 2022 and COVID's third year begin.

It's not getting any easier. Finding qualified people is a struggle atall levels for hotels and restaurants. Tech investment can make up for some of the gapbut also heightens the risk of cyber exposure. Meanwhile business travel is stillflagging and indoor mask mandates in many regions can serve as a flash point.

The implications of it all aren't lost on insurers. It's increasinglycommon for underwriters to make on-site inspections of properties and check social mediareviews for signs of potential risk. How restaurants are managing rising alcohol sales isalso under scrutiny as is the diligence of hotels in taking COVID safety measures.

SEGMENT WISE PERFORMANCE

The company has only one segment viz hoteliering. Accordingly theperformance is furnished hereunder.

Total turnover for the year ended 31st March2022 amounted toRs.3299.07 lakhs increased by Rs.1222.38 lakhs as compared to the previous year turnoverof Rs. 2076.69 lakhs. Total expenditure for the year ended 31st March 2022 amounted toRs.3348.80 lakhs increased by Rs 861.03 lakhs as compared to the previous year. Theprofit (EBITDA) before depreciation finance cost and tax for the year ended 31stMarch2022amounted to Rs. 249.87 lakhs as against the profit of Rs. 5.61 lakhs over thecorresponding period last year. The deferred tax for the year ended 31st March2022amounted to Rs.NIL lakhs. The loss after deferred tax for the year ended 31st March 2022stood at Rs. (80.28) lakhs as against Loss of Rs. (409.80) lakhs.

OUTLOOK

OMNICHANNEL COMMUNICATION

Basic functions such as booking a hotel room are now just a few tapsaway thanks to technological advancements. Similarly hotels are turning to CRM (CustomerRelationship Management) solution providers who can help them offer an automated hyperpersonalized guest communication more effectively via platforms such as WhatsApp emailand so on. Omni communication has proven to increase the guest engagement by 97%.

EMPHASIS ON DIGITAL CHANNELS

The increased emphasis on the usage of digital channels to establish adistinct online presence is extremely beneficial to the business as the epidemic hasdriven customers to use digital booking mediums after carefully reading online reviewswhich eventually influence their booking decision.

In addition to online reputation management these digital channels canhelp hotels analyse and examine a new issue that has arisen recently. Hotels areproactively sharing new update about regulation/policy changes in terms of cleanlinesssocial -distancing and safety with their prospective guests or travellers to ensure guestsfeel safe and ensure there is a smooth information flow by updating their website andother online listings.

SUSTAINABILITY

With the increased demand for health cleanliness and safety issuesthe Covid epidemic has raised some severe challenges for the hospitality and travelindustries. Guests are also more concerned about their health and the environment. Hencefirms should consider taking a waste-reduction and environmental-conscious approach. As anoutcome these behaviors will go a long way toward reducing recurring costs and boostingthe overall management and operations of the hotel industry.

Finally the current dynamics in the industry are undergoingsignificant changes which can only be met by technological adoption. The CRMfunctionalities of contactless guest facing technologies can be extremely useful indealing with changing consumer expectations and they can give long-term benefits.Furthermore in the post-COVID environment hotels should focus on innovative solutionsthat will set them apart from industry incumbents by providing an exceptional guestexperience. Additionally aggressively boosting awareness of the use of existing digitaland remote platforms among visitors and guests in order to encourage theadoptionoftheseexperiences.

RISK AND CONCERNS

The COVID-19 crisis has affected almost all the global sectors. Thehotel industry however was hit hardest challenging the leadership. Practicalimplications - As the tourism industry in India is recovering after the second wave thegovernments along with all stakeholders must launch special events for promoting thetourism sector. Safety measures like making vaccination certificates for all tourists andemployees of the tourism sector should be made mandatory. Further special certificationfollowing the COVID-19 protocol needs to be introduced for hotels and cateringestablishments. A fund generated from the sector's direct tax contribution needs to beestablished to support the employees.

Social implications - The study has several social implications. Thestudy results can unite all industry stakeholders to shape the post-pandemic era throughcollaboration. Empathetic leadership can take the industry out of chaos by balancing theinterests of the various stakeholders of society. The pandemic has proven that we all arevulnerable to risks and challenges; leaders have a vital role in taking proactive steps toensure that such uncertainties do not cause unprecedented damage.

Managerial implications

Investment in technology - The analysis revealed investment intechnologies by hotels to survive the ongoing crisis among top sub-themes. The findingsare evident in the way experts felt about the ongoing crisis whereby minimum humaninteraction was considered a latent solution to restoring the customer and employeeconcern for safety the second central theme. Managers therefore must take cognisance ofthe changing circumstances whereby technology is going to shape the future of thehospitality industry.

The leadership type plays a prominent part in innovation andorganisational decisionmaking processes. Further charismatic leaders and opinion leaders(both categorised as transformational leaders) influence innovation diffusion. Adoptingtechnology in hospitality firms improves operation efficiency and effectiveness and co-creates customer experiences.

Making customers and employees feel safe

Making customers and employees feel safe emerged as a prominentsub-theme from the investigation. The importance of health and safety is discussed widelyin tourism and hospitality literature Such measures are desperately required for a countrylike India because of Challenges for Indian hospitality industry many infection casesafter the second wave of April 2021. The high number of cases has led to an increase inpurchasing packaged precooked foods and other similar products. Just as dine-in outletsbarely started recovering from the first wave the arrival of the second wave had adevastating effect on customer confidence.

INTERNAL CONTROL SYSTEMS AND ADEQUACY

Your Company has in a place an adequate internal control system. Theinternal controls are designed to provide reasonable assurance regarding the effectivenessand the efficiency of operations the adequacy of safeguards for assets the reliabilityof financial controls and compliance with applicable Laws and Regulations protecting theassets from unauthorized use of losses. The internal controls are supplemented by theprogramme of internal audit.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONALPERFORMANCE /BUSINESS PERFORMANCE.

Overall Income increased by Rs. 1222.38 Lakhs from Rs. 2076.69 Lakhs toRs.3299.07 Lakhs. Occupancy increased by 11.94% from 44.4% to 49.70%.

MATERIAL DEVELOPMENT IN HUMAN RESOURCES /INDUSTRIAL RELATIONS FRONT.

Your Company sincerely believes that its employees are its vital assetsand hence in order to keep its employees motivated and changed your Company provides thema good working environment so that they are able to leverage their full potential. TheHuman Resource department updates its Hr policies SOP practice and processes so as toenable and empower its employees.

Your Company provides the following welfare employee health-consciousHR activities and training to the Company's employees.

• Hygiene rate classes and auditing the rate of hygiene.

• First aid classes.

• Food handler's medical checkups per Food Safety and StandardsAuthority of India (FSSAI)Act.

• Food hygiene awareness.

• Food safety certificate program.

• Safety and preventive maintenance training.

• Women's day celebrations.

• COVID vaccination for all the staffs.

• Succession planning programme.

• International chef day.

By giving this schemes caring supporting and training programmesthe employees become loyal to the Company and thereby the employee attrition rate isminimized.

The training focuses on improving high quality service based on theconcept of customer delight. Management scheduled training programmes mandatorily for all375 employees.

KEY FINANCIAL RATIOS

The variance in ratios on account of recovery of business during thecurrent year when compared to previous year in which business was severely impacted byCovid 19 pandamic.

Cautionary Statement

The information contained in the Management Discussion and Analysisregarding Company's estimates expectations projections guidance are based onassumptions and expectations of future events. The Company takes no responsibility on suchstatements since the Company exercises no control over the events that takes place infuture. The actual results may differ from those expressed or implied. The Changes in thedomestic and global economic conditions and government regulations tax laws and otherstatutes may affect the hospitality industry.

5. FINANCIAL INFORMATION AND DETAILS OF ASSOCIATE COMPANY

The Financial Statement of the company is prepared in accordance withthe Ind AS under the provisions of the Companies Act 2013 and forms part of the AnnualReport. The company's financials disclose the assets liabilities income expenses andother details.

The Company does not have any subsidiary Joint Venture and associateCompany.

During the year under review no Company has become ceased to be theCompany's subsidiary Joint Venture and associate Company.

6. Pursuant to first proviso to sub-section (3) of section 129 readwith rule 5 of Companies (Accounts) Rules 2014 containing salient features of thefinancial statement of subsidiaries/associate companies/joint ventures - NOT APPLICABLE

7. FINANCIAL HIGHLIGHTS OF THE COMPANY

The financial highlights of the company for last 10 years are furnishedin the Annual Report.

8. HUMAN RESOURCES

The Management envisions trained and motivated employees as thebackbone of the Company. Special attention is given to recruit trained and experiencedpersonnel in all departments. The Management strives to retain and improve employeemorale. The Company has total staff strength of about 375 employees.

The Company has streamlined its manpower strength at the Hotel. As aresult of manpower rationalization exercise the monthly payroll has been optimized. Thedecision for rationalization of labour has enabled the company to curtail fixed manpowercosts. However the core technical expert team is retained to guide the Company to achievehigher and efficient level of performance.

9. DEPOSITORY SYSTEM / E-VOTING MECHANISM:

The Company has entered into a Tripartite Agreement with both theDepositories viz. National Securities Depository Limited (NSDL) and Central DepositoryServices (I) Ltd (CSDL) along with Registrars M/s Cameo Corporate Services Ltd forproviding electronic connectivity for dematerialization on the Company's sharesfacilitating the investors to hold the shares in electronic form and trade in thoseshares. The shares of your Company are being traded now on the BSE under compulsory dematform. Further in accordance with provisions stipulated under Companies Act 2013 thefacility of e-voting is also made available to all shareholders of the Company. Theinstructions regarding e-voting is enclosed along with this report. All shareholders arealso requested to update their email ids with the Company or our RTA M/s. Cameo CorporateServices Ltd. The Company has paid the Annual Depository fees for the FY 2021-22.

10. INVESTOR EDUCATION & PROTECTION FUND

During the year under review unclaimed dividend of Rs. 375064/- and16289 number of shares were transferred to the Investor Education and Protection Fund(IEPF).

Mr.R.Siddharth Company Secretary of the company is appointed as NodalOfficer as

per the provisions of Companies Act 2013 relating to IEPF and theabove details are available in the official website of the company i.e.www.saverahotel.com.

11. DEPOSIT FROM PUBLIC

The Company has not accepted any fixed deposits under the provisions ofthe Companies Act 2013.

12. A disclosure as to whether maintenance of cost records asspecified by the Central Government under sub-section (1) of section 148 of the CompaniesAct 2013 is required by the Company and accordingly such accounts and records are madeand maintained - NOT APPLICABLE.

13. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board of Directors met eight (8) times during the year under reviewand the meeting dates are on 10.06.2021 28.06.2021 08.07.2021 12.08.202113.11.202115.11.202127.12.2021 and 07.02.2022 during the financial year 2021-22.

There were no appointment or resignation of Directors during the periodunder review.

Pursuant to the section 152 of the Companies Act 2013 Mr.A.TarunReddy Director retires by rotation and is eligible for re-appointment. The Board hasrecommended his re-appointment and accordingly resolution seeking approval of the membersfor his appointment has been included in the notice of the forthcoming Annual GeneralMeeting of the company along with his brief profile.

CHANGES IN KMP?S DURING THE YEAR

Date of retirement of Company Secretary (KMP) Mr.N.S.Mohan - 31/12/2021

Date of appointment of Company Secretary (KMP) Mr.R.Siddharth -01/01/2022

The Key Managerial Personnel of the company presently are Mr. A.Ravikumar Reddy Managing Director Mr. R.Siddharth Company Secretary and Mr. CH MaheshKumar Chief Financial Officer.

14. DIRECTORS? RESPONSIBILITY STATEMENT

On the basis of internal financial controls and systems relating tocompliance maintained by the company work done by the internal statutory and secretarialauditors the reviews performed by the management and the relevant Board Committeesincluding the Audit Committee the Board is of the opinion that the company's internalfinancial controls were adequate and effective during the financial year2021-22.

Pursuant to Section 134 (3) (c) and 134 (5) of the Companies Act 2013and based on the representations received from the management the directors herebyconfirm that:

i. In the preparation of the Annual Accounts for the year 2021-22 theapplicable accounting standards have been followed and there are no material departures;

ii. They have selected such accounting policies and applied themconsistently and

made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year 31st March2022 and of the loss of the company for that period;

iii. They have taken proper and sufficient care to the best of theirknowledge and ability for the maintenance of adequate accounting records in accordancewith the provisions of the Act. They confirm that there are adequate systems and controlsfor safeguarding the assets of the company and for preventing and detecting fraud andother irregularities.

iv. They have prepared the annual accounts on a going concern basis;

v. They have laid down internal financial controls to be followed bythe company and that such internal financial controls are adequate and operatingeffectively;

vi. They have devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.

15. INTERNAL FINANCIAL CONTROLS

The Company has internal financial controls commensurate with the sizeof the complexity of the business operations and it has well defined internal auditfunctions. For the purpose of independence the internal audit dept. reports to Chairmanof the Audit Committee and the Board of Directors.

16. SECRETARIAL STANDARDS

The company has complied with the Secretarial Standards issued byInstitute of Company Secretaries India.

16.1. SECRETARIAL AUDITOR

M/s. A.K.Jain Associates Company Secretaries have been appointed asthe Secretarial Auditor to carry out the Secretarial Audit for the year 2021-22. TheSecretarial Audit Report given by them shall form part of this report as Annexure I.

There are no qualifications reservations or adverse remarks ordisclaimers made by the Statutory Auditors in their Secretarial Audit report for theFinancial Year 2021-22.

17. STATUTORY AUDITORS

In accordance with the provisions of Section 139 and 142 of theCompanies Act 2013 and the rules framed there under M/s. S.Venkatram & Co. LLPChartered Accountants218 TTK Road Chennai 600 018 were appointed as statutory auditorsof the company for a period of 5 years to hold the office from the conclusion of the 48thAnnual General Meeting of the company held on 11.08.2017 till the conclusion of the 53rdAnnual General Meeting(AGM).

The Board has recommended to the shareholders for their re-appointmentas Statutory Auditors to hold office for second term of 5 years from the conclusion ofthis 53rd Annual General Meeting of the Company till the conclusion of 58th Annual GeneralMeeting.

There are no qualifications reservations or adverse remarks ordisclaimers made by the Statutory Auditors on the standalone financial statements in theirreport for the year 2021-22.

18. SIGNIFICANT AND MATERIAL ORDERS

There were no significant and material orders passed by the regulatorsor courts or tribunals affecting the going concern status and future operations of thecompany during the year under review.

19. INDEPENDENT DIRECTORS DECLARATION

Mr. A. Sudhakar Reddy and Mr. S. Sridhara Rao who are independentdirectors have submitted a declaration that each of them meets the criteria ofindependence as provided in sub-section (6) of section 149 of the Companies Act 2013 andare in compliance with Regulation 16 and 23 of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015. Further there is no change in their status asindependent director during the year.

20. TRANSACTIONS WITH THE RELATED PARTIES

All related party transactions that were entered into during thefinancial year were in compliance with the applicable provisions of the Companies Act2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Further all contracts or arrangements with related parties enteredinto during the financial year ended 31-3-2022 were on arm's length basis and in theordinary course of business.

Therefore the particulars of contracts or arrangements with relatedparties as referred to in sub-section (1) of section 188 of the Companies Act 2013 areis not applicable.

21. CORPORATE SOCIAL RESPONSIBILITY.

The CSR Policy of the company and the details about the initiativestaken by the company on CSR during the year as per the Companies (Corporate SocialResponsibility Policy) Rules 2014 have been disclosed in Annexure II to this Report.Further details of composition of the Corporate Social Responsibility Committee and otherdetails are provided in Corporate Governance report. During the year under review the CSRCommittee meetings were held on 28.06.2021. The said CSR Policy is available in theCompany's website.

22. NOMINATION AND REMUNERATION POLICY

The company's policy on directors appointment and remuneration andother matters provided in section 178(3) of the Companies Act 2013 has been disclosed inthe corporate governance report which forms part of the directors' report.

23. COMMITTEES

Currently the Board of Directors of the Company pursuant to themandatory provisions of Companies Act 2013 and SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 has the following committees were included namely:

a) Audit Committee

b) Nomination & Remuneration Committee

c) Stakeholders Relationship Committee

d) Corporate Social Responsibility Committee

e) Share Transfer Committee

f) Internal Complaints Committee

A detailed note on the Board and its committees along with thecomposition of the committees and compliances is provided under the Corporate GovernanceReport section in this Annual Report.

24. BOARD EVALUATION

The performance evaluation of the Board as a whole performance of nonindependent directors the performance of the Board Chairman and the performance ofcommittees were conducted and the same based on the questionnaire and feed back from alldirectors on the Board.

While undertaking the Board evaluation the company also followed therequired principles covered under the Guidance note issued by SEBI.

Important key criteria for performance evaluation are as follows.

Directors performance evaluation

a) Attendance at Board or Committee Meetings

b) Contribution at Board or Committee Meetings

c) Guidance/support to management outside Board/Committee meetings.

d) Performance evaluation of Board and Committees

e) Structure of the Board and Board composition

f) Establishment and delineation of responsibilities to Committees.

g) Effectiveness of Board processes information and functioning.

h) Board culture and dynamics

i) Quality of relationship between Board and management.

j) Efficacy of communication with external stakeholders.

25. LISTING

The equity shares of the Company are listed on BSE Ltd and the listingfees are regularly paid by the company.

26. CORPORATE GOVERNANCE

In terms of Regulation 34 (2) & (3) of SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 a report on Corporate Governance thePracticing Company Secretary certificate on the compliance of conditions of CorporateGovernance and the report on Management Discussion and Analysis form part of the AnnualReport.

27. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND OUTGO.

The information required under Section 134 (3) (m) of the Act readwith the companies (Accounts) Rules 2014 is furnished hereunder.

(A) CONSERVATION OF ENERGY

For the eco practices the company has changed almost 99% of itslighting with LED lights reducing power consumption by 85% and the heat emission energybecomes very low thereby through the STP the sewerage and sewage water is treated andthe treated water is recirculated for flushing system cooling towers and gardens.

The company also installed rain water harvesting system for collectingthe rain water.

The company also installed organic waste convertor machine in which theorganic wastes are converted into composite manure.

The company has fixed aerator in taps to save water the automatic tapin the guest toilet to save water and also for good hygiene practices.

B) TECHNOLOGY ABSORPTION

Hotel being a service industry technology absorption transfer etc.are not applicable. The Resilience of the company's Backbone Systems consists of ServersVPN and Many Tools in company's disposal made possible to successfully do the Day to DayOperations sailed smoothly despite severe restrictions placed on movement of Staff duringLockdown period.

The company solemns pledged to exceed the expectations in every frontserving the company's Valuable Clients Experience the Premiumness as always.

C) FOREIGN EXCHANGE EARNINGS AND OUTGO

The Foreign Exchange earned in terms of actual inflows during the year- NIL The Foreign Exchange outgo during the year in terms of actual outflows -Rs.1083450.71

28. The Change in the nature of business if any :

There is no change in nature of business.

29. Statement regarding opinion of the Board with regard to integrityexpertise and experience (including the proficiency) of the independent directorsappointed during the year.

No Independent Directors were appointed during the year.

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

The Company has in place an Anti-Sexual harassment Policy in line withthe requirement of The Sexual Harassment of Women at the Workplace (PreventionProhibition & Redressal) Act 2013. Internal Complaints Committee (ICC) has been setup to redress complaints received regarding sexual harassment. All employees (permanentcontractual and trainees ) are covered under this policy. The following is a summary ofsexual harassment complaints received and disposed off during the year 2021-22.

Number of complaint received during the year - NIL

Number of Complaint disposed of during the year - NIL

31. The details of application made or any proceeding pending under theInsolvency and Bankruptcy Code 2016.

No application under IBC was initiated by the Company as on March 312022. There was no instance of one time settlement with any Bank or financialinstitutions.

32. ANNUAL RETURN

A copy of the Annual Return 2021-22 is placed on the website of thecompany and can be accessed via weblink https://www.saverahotel.com.

33. PARTICULARS OF EMPLOYEES

The information required under section 197(12) of the Act read withrule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014is furnished in the Annexure III to this report.

Your directors wish to place on record their appreciation for the goodservices rendered by the employees at all levels of the company.

34. PARTICULARS OF LOANS GUARANTEES AND INVESTMENTS UNDER SECTION 186OF THE COMPANIES ACT 2013.

The details of loans guarantees and investments under section 186 ofThe Companies Act 2013 has been furnished in Annexure IV to this report.

35. TRANSFER TO RESERVES

The Company has not transferred any amount to the reserves for the yearended March 312022.

36. DETAILS OF MATERIAL CHANGES FROM THE END OF FINANCIAL YEAR:

There have been no material changes and commitments affecting thefinancial position of the Company between the end of the financial year and date of thisreport.

37. DETAILS IN RESPECT OF FRAUDS.

There are no frauds as reported by the Statutory Auditors in Sl. No.11of Annexure ‘A' to the Independent Auditors Report.

GENERAL:

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

(i) Issue of equity shares with differential rights as to dividendvoting or otherwise

(ii) Issue of shares (including sweat equity shares) to employees ofthe company under any scheme.

ACKNOWLEDGEMENTS

The directors would like to thank the Bankers of the Company and otherfinancial institutions for extending their financial support. They further express theirthanks to the Central Government State Government and other stakeholders for theirpatronage support and guidance.

FOR AND ON BEHALF OF THE BOARD