Sunil Agro Foods Limited Bangalore
Your Board of Directors has pleasure in presenting the Thirty Third (33rd) AnnualReport together with the Audited Financial Statements for the financial year ended 31stMarch 2021 together with the Independent Auditor's Report.
1. FINANCIAL RESULTS:
(Rs. in Lakhs)
|Particulars ||For the year ended March 31 2021 ||For the year ended March 31 2020 |
|Total Income ||15525.18 ||14055.91 |
|Less: Expenditure ||15425.83 ||13554.07 |
|Profit before Interest and Depreciation ||99.35 ||501.84 |
|Less: Interest ||242.21 ||276.08 |
|Less: Depreciation ||165.21 ||147.32 |
|Profit Before Taxation ||99.35 ||78.45 |
|Less: Provision for Taxation ||22.91 ||32.31 |
|Profit After Taxation ||76.44 ||46.14 |
|Less: Other Comprehensive Income || || |
|Items that will not be reclassi ed to pro t or loss ||9.71 ||4.82 |
|Items that will be reclassi ed to pro t or loss ||0 ||0 |
|Total Comprehensive Income ||86.14 ||41.32 |
2. STATE OF COMPANY'S AFFAIRS AND
FUTURE OUTLOOK :
Your Company continued to perform well during the year under report under certainchallenges and hurdles. Overall business improved satisfactorily with better resourceoptimization and more effective controls. The activities which were in Work- in-progressin the previous year have been completed. Your Company commenced construction of new floorin March 2021 and is to be completed by August 2021.
Launch of new consumer pack has been successful which was commenced in July 2020 witha production capacity of 30-40 tonnes per month has been increased to 120 tonnes permonth. The Company has associated General Mills for business with launch of manufacturingof rava. Further the Company is working with General Mills to develop other businessportfolios.
The Shareholders may note that there is increase in the revenues from Sales andServices to Rs. 15525.18 Lakhs in the current year as compared to Rs. 14055.91 Lakhs inthe previous year due to reasons as mentioned above. Profit has increased to Rs. 76.44Lakhs in the current year compared to Rs. 46.14 Lakhs in the previous year.
Your Company has been facing competition from other players in the same space. Immenseexperience of the operating team at the factory helped the Company to achieve betterperformance. Rationalization of various inputs expenditures and other resource allocationhas been continuously followed.
3. CORPORATE GOVERNANCE :
Pursuant to the provisions of Regulation 15(2) of SEBI (LODR) Regulations 2015Compliance with Corporate Governance provisions as specified in the Regulations 17 to 27and clause (b) to (i) of Regulation 46(2) and Para C D and E of Schedule V shall notapply to listed entities having Paid-up Equity Share Capital not exceeding Rs.10 Croresand Net Worth not exceeding Rs. 25 Crores as on the last date of previous financial year.
The Company falling under the specified limits of the above Regulation requirement ofgiving Corporate Governance Report in Annual Report as per the Para C of the Schedule V isexempted to the Company and hence not required to be prepared.
4.MANAGEMENT DISCUSSION AND ANALYSIS :
a. Industry outlook and developments: The food processing industry is one of thelargest industries in India in terms of production consumption and exports. In India thefood sector has emerged as a high-growth sector due to its immense potential for valueaddition particularly within the food processing industry. The Government of India hasbeen instrumental in the growth and development of the food processing industry. TheGovernment through the Ministry of Food Processing Industries (MoFPI) is making allefforts to encourage investments in the business. This sector is among the few that servesas a vital link between the agriculture and industrial segments of the economy. A thrustto the food processing sector implies significant development of the agriculture sectorand ensures value addition to it.
b. Business Overview:
The Company has achieved a turnover of Rs. 15467.20/- Lakhs (previous year Rs.13926.82/-Lakhs) for the financial year ended 31.03.2021 with a net profit of Rs. 76.44/-Lakhs (previous year Rs. 46.14/- Lakhs).
c. Opportunities: As stated earlier your Company has completed its expansionwhich resulted in increase in production from 100 to 200 tonnes per day thereby resultingin increase in productivity quality and acceptance in the market. There is bulk supply ofwhole wheat our in silos in tankers to various suppliers.
d. Covid 19 pandemic has been a major risk factor and the Company being in foodindustry has strived hard to overcome the risks and yet continue its operations strictlyadhering to the guidelines issued by the Governments.
e. Outlook: Subject to Covid 19 situation your Company will take all steps toimprove the business and enhance the value add to all the stakeholders.
f. Internal Control System:
The Company has an effective control system to commensurate with its operations. TheCompany has internal audit system through outside agency with qualified CharteredAccountant carries out the audit based on a planned program. The audit also reviews theadequacy and effectiveness of the internal control system and the follow up action takenpursuant to audit observation.
g.Human Resource Development:
The Company conducts regular training programs both internally and externally forEmployees at all levels to improve the skills and overall development. Employees'relations at all the levels continue to remain cordial.
5. MATERIAL CHANGES AND COMMITMENTS:
There were no material changes and commitments which occurred affecting the financialposition of the Company between 31st March 2021 and the date on which this report hasbeen signed.
6. CHANGE IN THE NATURE OF BUSINESS :
There were no changes in the nature of business during the year under review asprescribed in Rule 8 (ii) of the Companies (Accounts) Rules 2014.
7. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:
There are no material changes after 31st March 2021 till the signing of this Report.
8. DIVIDEND :
Due to certain uncertain conditions especially with the ongoing Pandemic in order topreserve funds within the Company your Directors decided that no Dividend shall bedeclared for the Financial Year 2020-21.
9. RESERVES :
The Board has not proposed to transfer any amount to its reserves.
10. SHARE CAPITAL :
The paid up Equity Share Capital as on 31st March 2021 was Rs. 300.29 Lakhs. Duringthe financial year under review the Company has not issued shares with differentialvoting rights nor granted Stock Options nor Sweat Equity.
11. CAPITAL INVESTMENTS :
Capital Investments during the Financial year 2020-21 was at Rs. 205.85 Lakhs (Net ofcapital work-in-progress and capital advances).
12.CORPORATE SOCIAL RESPONSIBILITY :
Since the Company does not meet the criteria for the applicability of Section 135 ofthe Companies Act read with the Companies (Accounts) Rules 2015 this clause is notapplicable.
13. RISK MANAGEMENT :
The Company has formulated a Risk Management Policy and a mechanism to inform the Boardabout risk assessment and mitigation procedures. The Company also undertakes periodicalreview to ensure that executive management controls risks by means of a properly designedframework.
14.VIGIL MECHANISM / WHISTLE BLOWER POLICY:
The Company has a Whistle Blower Policy for vigil mechanism pursuant to the provisionsof Sections 177(9) and (10) of the Companies Act 2013 and as per Regulation 4(2)(d)(iv)of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 which isavailable on website of the Company athttp://sunilagro.in/wp-content/uploads/2019/08/whistle-blower-policy.pdf and there were nocases reported during last year.
15. INFORMATION ABOUT THE FINANCIAL PERFORMANCE / FINANCIAL POSITION OF THESUBSIDIARIES / ASSOCIATES/ JV:
The Company does not have any Subsidiary Joint Venture or Associate Company.
16. DIRECTORS AND KEY MANAGERIAL PERSONNEL:
In terms of the provisions of the Companies Act 2013 and the Articles of Associationof the Company Mr. Akshat Jain (holding DIN: 08424334) Whole Time Director retires byrotation at the forthcoming Annual General Meeting and is eligible for re appointment.
The following are the Directors on the Board as on 31st March 2021:
|Sl. No Particulars ||Designation ||DIN |
|1. Mr. Venkataramanasanjeev Alampalli Murthy ||Non- Executive Chairman ||00085805 |
|2. Mr. B Shantilal ||Managing Director ||00719808 |
|3. Mr. Pramod Kumar S ||Chief Executive ||00719828 |
|4. Mrs. Sarika Bhandari ||O cer and Director Non-Executive Independent Director ||07140112 |
|5. Mrs. Pinky Jain ||Non- Executive Director ||03636974 |
|6. Mr. Akshat Jain ||Whole time Director ||08424334 |
17. BOARD MEETINGS:
The Meetings of the Board are held at regular intervals with a time gap of not morethan 120 days between two consecutive Meetings. During the period under review Four (4)Board Meetings were held and the maximum time gap between 2 (two) meetings did not exceedone hundred and twenty days. The details of the Board Meetings were held on 22nd June2021 18th August 2021 11th November 2021 and 28th January 2021.
Details of the attendance at Board Meetings and at the AGM held during the year are asfollows:
|Name of the Director ||Board Meetings Details ||Attendance at Last AGM on 24.08.2020 |
| ||Held ||Attended || |
|Mr. B Shantilal ||4 ||4 ||Yes |
|Mr. Pramod Kumar S ||4 ||4 ||Yes |
|Mr. AVS Murthy ||4 ||4 ||Yes |
|Mrs. Pinky Jain ||4 ||4 ||Yes |
|Mrs. Sarika Bhandari ||4 ||3 ||Yes |
|Mr. Akshat Jain ||4 ||4 ||Yes |
18. BOARD COMMITTEES:
I. AUDIT COMMITTEE:
During the year under review 4 (four) meetings were held on 22nd June 2021 18thAugust 2021 11th November 2021 and 28th January 2021.
|Name of the Member ||Nature of Membership ||No. of Meetings held ||Attendance |
|Mr. AVS Murthy ||Chairman ||4 ||4 |
|Mrs. Sarika Bhandari ||Member ||4 ||3 |
|Mr. Pramod Kumar S ||Member ||4 ||4 |
II. NOMINATION AND REMUNERATION COMMITTEE :
During the year under review 1 Meeting was held on 28th January 2021.
|Name of the Member ||Nature of Membership ||No. of Meetings held ||Attendance |
|Mrs. Sarika Bhandari ||Chairman ||1 ||1 |
|Mrs. Pinky Jain ||Member ||1 ||1 |
|Mr. AVS Murthy ||Member ||1 ||1 |
III. STAKEHOLDERS' RELATIONSHIP COMMITTEE :
During the year under review one meeting was held on 28th January 2021.
|Name of the Member ||Nature of Membership ||No. of Meetings held ||Attendance |
|Mr. AVS Murthy ||Chairman ||1 ||1 |
|Mr. Sarika Bhandari ||Member ||1 ||1 |
|Mrs. Pinky Jain ||Member ||1 ||1 |
IV. FINANCE COMMITTEE :
During the year under review two meetings were held on 11th September 2020 and on22nd September 2020.
|Name of the Memberulars ||Nature of Membership ||No. of Meetings held ||Attendance |
|Mr. Pramod Kumar S ||Chairman ||2 ||2 |
|Mrs. Sarika Bhandari ||Member ||2 ||2 |
|Mr B. Shantilal ||Member ||2 ||2 |
1 9. DECLARATION FROM INDEPENDENT
DIRECTORS ON ANNUAL BASIS :
The Company has received necessary declaration from each Independent Director underSection 149(7) of the Companies Act 2013 that he / she meets the criteria ofIndependence laid down in Section 149(6) of the Companies Act 2013 and Regulation 25 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI (LODR)Regulations 2015) (Annexure I). All the Independent Directors have also con rmedunder Regulation 16(b) of SEBI (LODR) Regulations 2015 that they are not Non-IndependentDirector of another Company on the Board of which any Non-Independent Director of thelisted entity is an Independent Director.
20. DIRECTORS' RESPONSIBILITY STATEMENT: In pursuance of Section 134 (5) of theCompanies Act 2013 the Directors hereby con rm that:
(a) in the preparation of the annual accounts the applicable accountingstandards had been followed along with proper explanation relating to material departures;
(b) the directors had 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 and of the profit and loss 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 bythe company and that such internal financial controls are adequate and were operatingeffectively; and
(f) the directors had devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.
21. INTERNAL FINANCIAL CONTROL:
The Company continued to maintain high standards of internal control designed toprovide adequate assurance on the efficiency of operations and security of its assets. Theadequacy and effectiveness of the internal control across various activities as well ascompliance with laid-down systems and policies are comprehensively and frequentlymonitored by your Company's management at all levels of the organization. The AuditCommittee which meets at-least four times a year actively reviews internal controlsystems as well as financial disclosures with adequate participation inputs from theStatutory Internal and Corporate Secretarial Auditors.
22. ANNUAL RETURN:
As required pursuant to Section 92(3) of the Companies Act 2013 and rule 12(1) of theCompanies (Management and Administration) Rules 2014 Annual Return in MGT-7 is placed onthe website of the Company i.e.www.sunilagro.in.
Your Company has not invited/accepted/renewed any deposits from the public as definedunder the provisions of Companies Act 2013 and accordingly there were no deposits whichwere due for repayment on or before 31st March 2021.
24. OPPORTUNITIES CHALLENGES AND CONCERNS:
Opportunities are being looked into for undertaking any commercial activities.
25. PUBLIC DEPOSITS:
During the financial year 2020-21 your Company has not accepted any deposit within themeaning of Sections 73 and 74 of Companies Act 2013 read with the Companies (Acceptanceof Deposits) Rules 2014.
26. INDUSTRIAL RELATIONS:
The industrial relations of the Company have been cordial.
27. AMOUNT TRANSFERRED TO RESERVES:
During the financial year the Company has not transferred any amount to the Reserves.
28. RELATED PARTY TRANSACTIONS:
The particulars of contracts or arrangements with related parties referred to inSection 188(1) of the Companies Act 2013 for the Financial Year 2020-21 in the prescribedformat AOC 2 is enclosed as Annexure II as a part of this Annual Report.
29. PARTICULARS OF LOANS GIVEN INVESTMENTS MADE GUARANTEES GIVEN OR SECURITY PROVIDEDBY THE COMPANY :
The details of loans guarantees and investments under Section 186 of the CompaniesAct 2013 read with the Companies (Meetings of Board and its Powers) Rules 2014 are asfollows:
Current/Non-Current Investments: Rs. 1001415/-The Company has neither given any loannor issued any guarantees in accordance with Section 186 of the Companies Act 2013 readwith the Rules issued there under.
30. DISCLOSURE RELATING TO REMUNERATION OF DIRECTORS KEY MANAGERIAL PERSONNEL ANDPARTICULARS OF EMPLOYEES:
There are no Directors/Employees who were in receipt of the remuneration as prescribedunder Section 197 of the Companies Act 2013 read with Companies (Appointment andRemuneration) of Managerial Personnel Rules 2014 during the year under review and henceannexure required under the said Section is not attached.
Remuneration Policy :
The Company's policy relating to appointment of directors payment of managerialremuneration directors' quali cations positive attributes independence of directors andother related matters as provided under Section 178(3) of the Companies Act 2013 isplaced on the website of the Company at https://sunilagro.in/wp-content/uploads/2019/08/nomination-and-remuneration-policy.pdf.
31. MEETING OF INDEPENDENT DIRECTORS :
The Independent Directors of the Company had met on 28th January 2021 during the yearto review the performance of Non-Independent Directors and the Board as a whole to reviewthe performance of the Chairman of the Company and Non-Executive Directors and other itemsas stipulated under the Listing Regulations. The Independent Directors have also declaredtheir independence.
32. ANNUAL EVALUATION OF THE PERFORMANCE OF THE BOARD ITS COMMITTEES AND OF INDIVIDUALDIRECTORS:
The Board of Directors has carried out an annual evaluation of its own performanceBoard committees and individual Directors pursuant to the provisions of the CompaniesAct 2013. The performance of the Board was evaluated by the Board after seeking inputsfrom all the Directors based on criteria such as Board structure and compositionformation and delegation of responsibilities to Committees Board processes and theireffectiveness degree of effective communication with the stakeholders.
The performance of the Board Committees was evaluated by the Board after seeking inputsfrom the Committee members based on criteria such as Committee composition structureeffectiveness of Committee Meetings.
Independent Directors of the Company provided their views on performance ofNon-Independent Directors and the Board as a whole considering
15 the views of Executive Directors and Non- Executive Directors.
Your Board has evaluated the Independent Directors and con rms that all IndependentDirectors fulfilled the independence criteria as specified in SEBI Listing Regulations andtheir independence from the management.
Messrs GRV & PK Chartered Accountants Bangalore (Firm Registration No. 008099S)were appointed in the Annual General Meeting held on 21st September 2017 for aconsecutive term of ve years from the conclusion of 29th Annual General Meeting till theconclusion of 34th Annual General Meeting.
Remuneration Details (2020-21):
| ||(Amt in Rs.) |
|Statutory Audit ||206500 |
|Taxation Audit Fee ||59000 |
|Limited Review Fee ||45000 |
|Others ||59360 |
|Total ||369860 |
Quali cations in the Audit Report:
The Company has not made provisions for Bad debt of Rs. 9756685/-/ (PY Rs.9756685/-) in case of one debtor Maiyas Beverage and Foods Private Limited which wasreferred to NCLT under Indian Bankruptcy Code and NCLT has passed the order on 10th May2019. As per NCLT order only 15.14% amount is payable to all the Sundry Creditors ofMaiyas Beverage and Foods Private Limited. The Company's total outstanding against MaiyasBeverage and Foods Private Limited at the time of referral to NCLT stood at Rs.11497390/- (PY Rs. 11497390/-). Due to this the Company's profit and Sundry debtorsare overstated by Rs. 9756685/-/ (PY Rs. 9756685/-).
It is understood that certain creditors of Maiyas Beverages and Foods Private Limitedhave preferred appeals against the order dated 10th May 2019 of the National Company LawTribunal Bangalore Bench before the National Company Law Appellate Tribunal New Delhiwhich have been admitted. Due to the lockdown the Bench has not been functioning to hearthe appeal. The Management is hopeful for the case to be resolved shortly. Therefore theCompany has deemed it t not to make any provisions.
34. SECRETARIAL AUDIT:
Pursuant to the provisions of Section 204 of the Companies Act 2013 read with theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 the Companyhas appointed Mr. Vijayakrishna KT Bangalore Practising Company Secretary to undertakethe Secretarial Audit of the Company. The Report of the Secretarial Auditor is annexed asAnnexure III to this Report.
35. RECEIPT OF ANY COMMISSION BY MD / WTD FROM A COMPANY OR FOR RECEIPT OF COMMISSION /REMUNERATION FROM ITS HOLDING OR SUBSIDIARY :
No Director has received any commission from your Company or from Holding or SubsidiaryCompany.
36. PARTICULARS OF EMPLOYEES:
The information required pursuant to Section 197 read with Rule 5(1) and (2) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014Details/Disclosures of Ratio of Remuneration to each Director to the median employee'sremuneration is annexed as Annexure IV to this report. Further the statement showingdetails in respect of employees of the Company are given in the Annexure IV forming partof the Report.
37. LISTING WITH STOCK EXCHANGES:
The Company con rms that it has paid the Annual Listing Fees for the Financial year2020-21 to BSE Limited where the Company's Shares are listed.
38. MATERIAL ORDER PASSED BY ANY COURT OR REGULATOR OR TRIBUNALS IMPACTING GOINGCONCERN STATUS OF COMPANY:
No order was passed by any court or regulator or tribunal during the year under reviewwhich impacts going concern status of the Company.
39. CONSERVATION OF ENERGY RESEARCH & DEVELOPMENT TECHNOLOGY ABSORPTION
AND FOREIGN EXCHANGE OUTGO:
(A) Conservation of Energy:
1.Energy Conservation measures taken:
The Company has a system to monitor consumption of energy and all efforts forconservation of energy wherever possible are made and have installed Solar Energy lightsin the plant. Energy efficient electric Tubes have been installed to save energy. TheCompany has also installed energy efficient meters controlling waste of power.
2.Additional investments and proposal being implemented for reduction and consumptionof energy and the impact of the same in the cost of production of goods.
3.Energy Audit done Investment was made in machinery designed for low energyconsumption and such machinery was in operation in the period under review.
(B) Technology Absorption :
The Company is committed to maintaining its standard and high quality of its productionand is constantly engaged in efforts to confer to the guaranteed customer satisfaction.
(c) Foreign Exchange Earnings and Outgo:
The Company's earnings in foreign currency is nil during the year under review.However there had been expenses amounting to Rs. 784493/-.
40. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTIONPROHIBITION AND REDRESSAL) ACT 2013 :
The Company has in place an Anti Sexual Harassment Policy in line with the requirementsof the Sexual Harassment of Women at the Workplace (Prevention Prohibition &Redressal) Act 2013. Internal Complaints Committee (ICC) has been set up to redresscomplaints received regarding sexual harassment. All employees (permanent contractualtemporary trainees) are covered under this policy.
The following is a summary of sexual harassment complaints received and disposed-oduring the financial year 2020-21:
No of complaints received: NIL No of complaints disposed: NIL
No. of complaints pending: NIL
41. INVESTORS' EDUCATION AND PROTECTION FUND :
Pursuant to the applicable provisions of the Companies Act 2013 read with the IEPFAuthority (Accounting Audit Transfer and Refund) Rules 2016 ("the IEPFRules") all unpaid or unclaimed Dividends are required to be transferred by theCompany to the IEPF established by the Government of India after the completion of sevenyears. Further according to the Rules the Shares on which Dividend has not been paid orclaimed by the Shareholders for seven consecutive years or more shall also be transferredto the Demat account of the IEPF Authority.
During the year under review there were unclaimed amounts amounting to Rs. 65903.50/-required to be transferred to IEPF account.
42. REPORTING OF FRAUD :
The Auditors of the Company have not reported any fraud as specified under Section143(12) of the Companies Act 2013. Further no case of Fraud has been reported to theManagement from any other sources.
43. COMPLIANCE WITH THE APPLICABLE SECRETARIAL STANDARDS :
The Company has complied with Secretarial Standards issued by the Institute of CompanySecretaries of India on Board Meetings and Annual General Meetings.
44. MAINTENANCE OF COST RECORDS :
Maintenance of Cost Records as specified by the Central Government under Sub-Section(1) of Section 148 of the Companies Act 2013 is not applicable to the Company.
45. CODE OF CONDUCT :
The Board of Directors has already adopted the Code of Ethics and Business Conduct forthe Directors and Senior Management personnel. This code is a comprehensive codeapplicable to all Directors Executive as well as Non executive and members of the SeniorManagement. The Code has been circulated to all the members of the Board and SeniorManagement Personnel and compliance of the same has been a rmed by them. A declarationgiven by the Managing Director is attached as Annexure-V of the Board of Director'sReport. The Company has adopted a
Code of Conduct for Prevention of Insider Trading with a view to regulate trading insecurities by the Directors and designated employees of the Company.
46. CORPORATE INSOLVENCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY ANDBANKRUPTCY CODE 2016 (IBC) :
There is no such process initiated during the year therefore said clause is notapplicable to the Company.
47. REVISION OF FINANCIAL STATEMENT OR THE REPORT :
As per the Secretarial Standards-4 in case the Company has revised its financialstatement or the Report in respect of any of the three preceding financial years eithervoluntarily or pursuant to the order of a judicial authority the detailed reasons forsuch revision shall be disclosed in the Report of the year as well as in the Report of therelevant financial year in which such revision is made.
There is no revision of Financial Statement of the Company took place in any of thethree preceding financial years under consideration.
48. FAILURE TO IMPLEMENT ANY CORPORATE ACTION :
There were no such events took place during the year under consideration.
49. CREDIT RATING OF SECURITIES:
Your Company has not obtained any rating from the credit rating agency for thesecurities during the year. Therefore the said clause is not applicable to the Company.
The Directors place on record their appreciation for valuable contribution made byemployees at all levels active support and encouragement received from the Government ofIndia Government of Karnataka Company's Bankers Customers Principals BusinessAssociates and other Acquaintances.
Your Directors recognize the continued support extended by all the Shareholders andgratefully acknowledge with a rm belief that the support and trust will continue in thefuture also. For and on behalf of the Board of Directors
|Place: Bengaluru || |
|Date: 12th July 2021 || |
|Shantilal Bansilal ||Pramod Kumar S |
|Managing Director ||Chief Executive Of cer |
|DIN: 00719808 ||& Director |
|No.10 Kamal Nivas ||DIN: 00719828 |
|Srikantaiah Layout ||No.10 Kamal Nivas |
|Crescent Cross Road ||Srikantaiah Layout |
|Bengaluru 560 001 ||Crescent Cross Road |
| ||Bengaluru 560 001 |