To the Members of Wim Plast Limited
Your Companys Directors are pleased to present the 33rd Annual Reportof the Company along with the Audited Financial Statements for the financial year endedMarch 31 2021.
1. FINANCIAL PERFORMANCE
The financial performance of the Company for the financial year ended March 31 2021 issummarised below:-
(Rs. in Lakhs)
|Particulars ||Standalone ||Consolidated |
| ||F.Y. 2020-21 ||F.Y. 2019-20 ||F.Y. 2020-21 ||F.Y. 2019-20 |
|Revenue from Operations ||26153.85 ||31709.23 ||26823.34 ||32160.29 |
|Other Income ||725.82 ||790.21 ||728.17 ||788.80 |
|Total Income ||26879.67 ||32499.44 ||27551.51 ||32949.09 |
|Profit before Interest Depreciation and Tax ||6099.57 ||7495.76 ||6058.61 ||7450.65 |
|Less: || || || || |
|Finance Cost ||17.85 ||(24.63) ||(17.87) ||(24.83) |
|Depreciation ||1796.33 ||(1849.67) ||(1797.25) ||(1849.89) |
|Tax Expenses ||1055.57 ||(1093.78) ||(1045.25) ||(1081.94) |
|Profit after Tax ||3229.82 ||4527.68 ||3198.24 ||4493.99 |
|Less : Share of Non Controlling Interest ||- ||- ||(12.64) ||(13.48) |
|Net Profit for the year ||3229.82 ||4527.68 ||3210.88 ||4507.47 |
|Other Comprehensive Income ||(8.37) ||(13.34) ||(8.37) ||(13.34) |
|Total Comprehensive Income ||3221.45 ||4514.34 ||3202.51 ||4494.13 |
2. COMPANYS PERFORMANCE
The revenue from operations for financial year 2020-21 stood atRs. 26153.85 Lakhs ascompared to Rs. 31709.23 Lakhs of the Financial Year 2019-20 thereby recording a slightdecrease of 17.52%. And the Profit after tax for the year reduced from Rs. 4527.68Lakhs in F.Y. 2019-20 to Rs. 3229.82 Lakhs in F.Y. 2020-21 recording a decrease of28.67%.
During the Financial Year 2020-21 the total revenue in plastic business declined by14.57 % as compared to the previous year whereas the revenue from other segments/ products(which includes cooler moulds and die business) declined by 38.78% as compared to theprevious year.
Your Directors are pleased to recommend a Final Dividend of Rs.5/- (50%) per equityshare of face value of Rs.10/- each for the Financial Year 2020-21 aggregating to a payoutof Rs.6/- Crores subject to approval of Members at the ensuing 33rd AnnualGeneral Meeting of the Company and shall be paid within the statutory period to thosemembers whose names appear in the register of members holding shares either in physicalform or in dematerialized form on the close of Friday July 30 2021.
The Dividend Distribution Policy in terms of Regulation 43A of the Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations2015 ("SEBI Listing Regulations") is available on the Companys website athttps:// www.cellowimplast.com/company-policies/.
4. TRANSFER TO RESERVES
The Board does not propose transfer to reserves for the year 2020-21 and an amount ofRs. 3229.82 Lakhs is proposed to be retained in profit and loss account for the yearended 31st March 2021.
5. INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
The Company transferred an amount of Rs. 546224/-to the IEPF Authority on October 92020 towards balance lying in respect of final dividend of the financial year ended2012-13 and thereafter had transferred corresponding 5401 shares held by 21shareholders to the IEPF Authority.
Shareholders /claimants whose shares unclaimed dividend have been transferred to theaforestated IEPF Suspense Account or the Fund as the case may be may claim the shares orapply for refund by making an application to the IEPF Authority in Form IEPF-5 (availableon www.iepf.gov.in) along with requisite fee as decided by the IEPF Authority from time totime.
Further the Company shall be transferring the unclaimed Dividend for the financialyear 2013-14 to the IEPF Account
September 8 2021. The Company shall also be transferring the shares on which thedividend has remained unclaimed for a period of seven consecutive years to the IEPFAccount simultaneously on the same date.
Members are therefore requested to ensure that they claim the dividends referred abovebefore they are transferred to the said Fund.
Details of unpaid and unclaimed amounts lying with the Company as on as on last AGMdate i.e. August 13 2020 have been filed with Ministry of Corporate Affairs.
6. SHARE CAPITAL
As at March 31 2021 the Issued Subscribed and Paid-up Equity Share Capital of theCompany stood at Rs. 120033600 (Rupees Twelve Crores Thirty Three Lakhs Six HundredOnly) divided into 12003360 (One Crore Twenty Lakhs Three Thousand Three Hundred andSixty Only) Equity Shares of Rs. 10/- (Rupees Ten Only) each. ANNUAL REPORT 2019-2020
7. PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES
The statement containing particulars of employees as required under Section 197(12) ofthe Companies Act 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment andRemuneration of Managerial Personnel) Rules 2014 is annexed herewith as Annexure I (A)and forms part of this Report.
Other details in terms of Section 197(12) of the Companies Act 2013 read along withRule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules2014 is annexed herewith as Annexure I (B) and forms part of this Report.
8. SUBSIDIARY COMPANY/ JOINT VENTURE/ASSOCIATE
Your Company has two (2) non-material Subsidiary Companies - M/s. Wim Plast MoldetipoPrivate Limited having trading of Tools and Dies business and M/s Wim Plast MouldingPrivate Limited having business of manufacturing of consumer products.
Statement containing salient features of the financial statements of these SubsidiaryCompanies in Form AOC-1 forms part of this
Annual Report as Annexure - II.
In accordance with third proviso of Section 136(1) of the Companies Act 2013 theAnnual Report of the Company containing therein its standalone and the consolidatedfinancial statements has been placed on the website of the Companywww.cellowimplast. com.Further as per the fourth proviso of the said Section audited annual accounts of theSubsidiary Companies have also been placed on the website of the Company -www.cellowimplast.com. There has been no material change in the nature of businessof the said company.
Your Company does not have any joint venture or associate Company.
9. PUBLIC DEPOSITS
During the Financial Year 2020-21 the Company has not accepted any public depositcovered under the Companies Act 2013.
10. CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS / OUTGO
Information on conservation of energy technology absorption foreign exchange earningsand outgo required to be given pursuant to Section 134(3) (m) of the Companies Act 2013read with Rule 8 of the Companies (Accounts) Rules 2014 is annexed herewith as Annexure- III to this report.
11. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL
As on March 31 2021 the Board comprised of 11 (Eleven) Directors namely Mr. PradeepG. Rathod (Chairman & Managing Director) Mr. Pankaj G. Rathod Mr. Gaurav P. RathodMs. Karishma P. Rathod Mr. Fatechand M. Shah Mr. Sumermal M. Khinvesra Mr. Mahendra F.Sundesha Mr. Pushapraj Singhvi Mr. Sudhakar Mondkar Ms. Rasna Patel and Mr. Piyush S.Chhajed. During the year there was a change in composition of Board. Mr. Gaurav P. Rathodwas appointed as Additional Director w.e.f. 13th June 2020 and Mr. Fatechand M. Shahresigned from being a Director of the Company w.e.f. 11th June 2021.
As on 31st March 2021 there was no disqualification of any Director pursuant toSection 164 (2) of the Companies Act 2013. The other details with respect to Board ofDirectors are given in Corporate Governance section forming part of this Report.
In accordance with the provisions of Companies Act 2013 and as per Articles ofAssociation of the Company Mr. Pankaj G. Rathod (DIN: 00027572) Director of the Companyis liable to retire by rotation at the ensuing 33rd Annual General Meeting ofthe Company and being eligible offers himself for re-appointment and the Board recommendshis re- appointment. A resolution seeking shareholders approval for hisre-appointment along with other required details forms part of the Notice.
All the Independent Directors on the Board have given a declaration of theirindependence to the Company as required under Section 149(6) of the Act and Regulation16(1)(b) of the Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015 ("Listing Regulations"). In the opinion of theBoard all the Independent Directors possess the integrity expertise and experienceincluding the proficiency required to be Independent Directors of the Company fulfil theconditions of independence as specified in the Act and the SEBI Listing Regulations andare independent of the management and have also complied with the Code for IndependentDirectors as prescribed in Schedule IV of the Act.
The Company has received the following declarations from all the Independent Directorsconfirming that:
(i) They meet the criteria of independence as prescribed under the provisions of theAct read with the Schedule and Rules issued thereunder and the Listing Regulations.There has been no change in the circumstances affecting their status as IndependentDirectors of the Company; and
(ii) They have registered themselves with the Independent Directors Databasemaintained by the IICA.
None of the Directors of the Company are disqualified for being appointed as Directorsas specified in Section 164(2) of the Act and Rule 14(1) of the Companies (Appointment andQualification of Directors) Rules 2014.
As on March 31 2021 the Key Managerial Personnel of the Company were Mr. Pradeep G.Rathod (Chairman & Managing Director) Mr. Madhusudan R. Jangid (Chief FinancialOfficer) and Ms. Darsha Adodra (Company Secretary and Compliance Officer). During the yearunder there was no change in Key Managerial Personnel.
12. COMMITTEES OF THE BOARD
The Board has constituted necessary Committees pursuant to the provisions of theCompanies Act 2013 rules framed there under and SEBI (Listing Obligations and DisclosureRequirements) Regulation 2015. The Committees of the Board are Audit CommitteeStakeholders Relationship Committee Nomination and Remuneration CommitteeCorporate Social Responsibility Committee and Risk Management Committee.
The Board has accepted all the recommendations of the above committees. The detailsabout Composition of Committees and their Meetings are incorporated in the Board ofDirectors in Corporate Governance section forming part of this Report.
13. ANNUAL RETURN
Pursuant to Section 92(3) read with Section 134(3)(a) of the Act the Annual Return ason March 31 2021 is available on the Companys website at weblink:https://www.cellowimplast.com/annual-report/.
14. NUMBER OF MEETINGS OF THE BOARD
During the financial year 2020-21 Four (4) Board Meetings were held on 13th June2020 14th September 2020 10th November 2020 and 12th February 2021. The maximumtime-gap between any two consecutive meetings did not exceed 120 days. Further detailsregarding Board Meetings are given in the Section of Corporate Governance whichforms part of this Report.
15. FAMILIARISATION PROGRAMME FOR THE INDEPENDENT DIRECTORS
In compliance of the SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 (SEBI (LODR) Regulations") the Company has put in place aFamiliarization Programme for the Independent & Non-Executive Directors to familiarizethem with the Company their roles rights responsibilities in the Company nature of theindustry in which the Company operates business model etc. The details of such programmeare available on the website of the company http://www.cellowimplast.com and may beaccessed through the web link https://www.cellowimplast.com/news/.
16. DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 134 (3) (C) read with Section 134 (5) of the Companies Act 2013Directors state that:
a) In the preparation of Annual Accounts for the year ended on March 31 2021 theapplicable accounting standards have been followed and there are no material departuresfrom the same;
b) The Directors have selected such accounting policies and applied them consistentlyand estimates that are reasonable and prudent so as to give a true and fair view of thestate of affairs of the Company at the end of the financial year on March 31 2021 and theprofit of the Company for that period;
c) The Directors have taken proper and sufficientcare for the maintenance of theadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities;
d) The Directors have prepared Accounts on going concern basis;
e) The Directors have laid down internal financial controls to be followed by theCompany and that such financial controls are adequate and are operating effectively; and
f) The Directors have devised proper systems to ensure compliance with the provisionsof all applicable laws and that such system are adequate and operating effectively.
17. DECLARATIONS GIVEN BY INDEPENDENT DIRECTORS
The Company has received necessary declarations from all the Independent Directorsconfirming that they meet the criteria of independence as prescribed both under section149(6) of the Companies Act 2013 and under Regulation 16(1)(b) of SEBI (Listing Obligationsand Disclosure Requirements)Regulations 2015.
18. NOMINATION AND REMUNERATION COMMITTEE
The Board has framed a policy on the recommendation of the Nomination and RemunerationCommittee relating to remuneration of the Directors Key Managerial Personnel SeniorManagement and other employees along with the criteria for appointment and removal of theDirectors Key Managerial Personnel and Senior Management of the Company. The Nominationand Remuneration Committee is fully empowered to determine /approve and revise subject tonecessary approvals the remuneration of managerial personnel after taking into accountthe financial position of the Company trends in the industry qualifications experiencepast performance and past remuneration etc. The policy is available at Companyswebsite at https://www.cellowimplast.com/news/. The other details with respect tocommittee composition and meetings are given in Board of Directors Section of CorporateGovernance Report annexed to this Report.
19. AUDITORS & THEIR REPORT
a) Statutory Auditor:
In terms of Section 139 of the Companies Act 2013 M/s Jeswani & RathoreChartered Accountants (FRN: 104202W) have been appointed as Statutory Auditors of theCompany in 29th Adjourned Annual General Meeting of the Company till the conclusion of the34th Annual General Meeting of the Company subject to ratification by the Members at everyintervening
Annual General Meeting. of the requirement of seeking ratification members forcontinuance of Statutory Auditors appointment has been withdrawn consequent upon thechanges made by the Companies (Amendment) Act 2017 w.e.f. May 7 2018. Hence theresolution seeking ratification of the members for their appointment is not being placedat the ensuing Annual General Meeting. The Statutory Auditor has confirmed theireligibility and submitted the certificate in writing that they are not disqualified tohold the office of the statutory auditor. Further in terms of the Listing Regulationsthe Auditors have confirmed that they a valid certificate issued by the Peer Review Boardof the ICAI.
The Statutory Auditors M/s Jeswani & Rathore Chartered Accountants have issuedtheir reports on Financial Statements for the year ended March 31 2021. There are noadverse remarks or qualifications in the said report. The Notes on Accounts referred to inthe Auditors Report are self-explanatory and do not call for any further comments.The Members are therefore requested to approve the Auditors Report.
b) Secretarial Auditor:
In compliance with the provisions of Section 204 and other applicable provisions ofCompanies Act 2013 the Board of Directors have appointed M/s. HS Associates PractisingCompany Secretaries as Secretarial Auditors to undertake secretarial audit of the Companyfor the financial year ended March 312021. The Secretarial Audit Report is attachedherewith marked as "Annexure -IV" and forms an integral part of thisreport. The Report does not contain any qualifications.
The Board has re-appointed M/s HS Associates Practising Company Secretaries toundertake Secretarial Audit of the Company for the Financial Year 2021-22.
c) Internal Auditors:
The Board has re-appointed M/s. B. P. Shah & Co. Chartered Accountants (FRN 109517W) Mumbai as the Internal Auditors of the Company for the Financial Year 2021-22.
d) Cost Auditor:
The Board had appointed Pradip Mohanlal Damania Cost & Management Accountant(FRN: 101607) as the Cost Auditor of the Company for the Financial Year 2020-21. The CostAudit Report for F.Y. 2019-20 has been duly filed with the Ministry of Corporate Affairs.They being eligible and willing to be re-appointed as Cost Auditor were appointed as theCost Auditor of the Company for the financial year 2021-2022 by the Board of Directorsupon the recommendation of theAudit Committee.
A resolution seeking Members approval for remuneration payable to Cost Auditorforms part of the Notice of the 33rd Annual General Meeting of the Company andsame is recommended for your consideration.
The Company is required to maintain Cost Records as specified by the Central Governmentunder sub-section (1) of section 148 of the Companies Act 2013. Accordingly the Companyhas made and maintained such accounts and records.
20. REPORTING OF FRAUDS
There was no instance of fraud during the year under review which required theStatutory Auditors to report to the Audit Committee and/or Board under Section 143(12) ofthe Act and Rules framed there under.
21. PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS
The particulars of loans guarantees and investments as per Section 186 of the Act bythe Company have been disclosed in the financial statements.
22. TRANSACTIONS WITH RELATED PARTIES
All the transactions with Related Parties are placed before the Audit Committee as alsobefore the Board for approval. Prior omnibus approval of the Audit Committee and the Boardis obtained for the transactions which are of a foreseen and repetitive nature.
All transactions entered into with related parties during the year were on armslength basis largely in the ordinary course of business and in line with the threshold ofmateriality defined in the Companys policy on Related Party Transactions & arein accordance with the provisions of the Companies Act 2013 Rules issued thereunder& Regulation 23 of (SEBI Listing Obligations and Disclosure Requirements) Regulations2015. During the financial year ended March 31 2021 there were no transactions withrelated parties which qualify as material transactions.
The details of the related party transactions are set out in Note 41 to the standalonefinancial statements forming part of this Annual Report. The Form AOC-2 pursuant tosection 134(3)(h) of the Companies Act read with Rule 8(2) of the Companies (Accounts)Rules 2014 is set out as Annexure V to this Report.
The Policy on Related Party Transactions as approved by the Board is also uploaded onthe Companys website at https://www. cellowimplast.com/company-policies/.
23. CONSOLIDATED FINANCIAL STATEMENTS AND CASH FLOW
The Consolidated Financial Statements of the Company for the Financial Year 2020-21 areprepared in compliance with the applicable provisions of the Act Accounting Standards andas prescribed by Listing Regulations. The said Financial Statements have been prepared onthe basis of the audited financial statements of the Company and the subsidiary asapproved by their respective Board of Directors. A statement containing the salientfeatures of the Financial Statements of Subsidiary Companies in the prescribed formatAOC-1 is annexed herewith as Annexure - II to this Report. The statement alsoprovides the details of performance and financial position of the Subsidiary Companies.
As required under the Listing Regulations a cash flow statement is part of theAnnualReport 2020-2021.
24. RISK MANAGEMENT
The Board has constituted Risk Management Committee headed by an Independent Director.The key risks pertaining to the Company and mitigating actions are placed before the AuditCommittee. A Risk Management Policy is framed to proactively manage uncertainty andchanges in the internal and external environment to limit negative impacts and capitalizeon opportunities. The Risk Management policy of the Company is available on Companyswebsite at https://www.cellowimplast.com/company-policies/. The details of the RiskFactors and the Committee composition and meetings are given in Board of Directors inCorporate Governance section forming part of this Report.
25. CORPORATE SOCIAL RESPONSIBILITY
The Board has constituted a Corporate Social Responsibility ("CSR") Committeein terms of the provisions of Section 135 of the Companies Act 2013 read with Companies(Corporate Social Responsibility Policy) Rules 2014. The composition and terms ofreference of the CSR Committee is provided in the Corporate Governance report formingpart of this Report. The policy is available on the website of the Company athttps://www.cellowimplast.com/company-policies/.
During the financial year 2020-21 the Corporate Social Responsibility (CSR)expenditure incurred by the Company was Rs. 121.94 Lakhs. The annual report on CSRactivities undertaken during the financial year 2020-21 is in accordance with theprovisions of the Companies Act 2013 and Companies (Corporate Social ResponsibilityPolicy) Rules 2014 and is appended as Annexure-VI to this Report. During the yearthe Company had successfully completed its CSR obligation.
26. EVALUATION OF BOARD
Pursuant to the provisions of the Act and provisions of SEBI (Listing Obligations andDisclosure Requirements) Regulations 2015 a separate exercise was carried out toevaluate the performance of individual Directors including the Chairman of the Board whowere evaluated on parameters such as level of engagement and contribution and independenceof judgment thereby safeguarding the interest of the Company. The performance evaluationof the Independent Directors was carried out by the entire Board. The performanceevaluation of the Chairman and the Non - Independent Directors was carried out by theIndependent Directors. The board also carried out annual performance evaluation of theworking of its Audit Nomination and Remuneration as well as Stakeholder RelationshipCommittee. The Directors expressed their satisfaction with the evaluation process.2020
27. CORPORATE GOVERNANCE REPORT & MANAGEMENT DISCUSSION AND ANALYSIS STATEMENT
Your Company continues to lay a strong emphasis on transparency accountability andintegrity.
The Company has taken the requisite steps to comply with the recommendations concerningCorporate Governance. As provided under Section 134 of the Companies Act 2013 and Rulesframed thereunder and pursuant to Regulation 34(2) (d) of the SEBI (Listing Obligationsand Disclosure Requirements) Regulations 2015 the Report on Corporate Governance alongwith necessary certificates is set out inAnnexure VII and forms part of thisReport.
Also the statement of Management Discussion and Analysis giving details of theoverview industry structure and developments performance of the Company etc. forms partof this report as Annexure -VIII.
28. LISTING OF SHARES
The shares of the Company are listed on BSE Limited (BSE). The applicable listing feesfor the year upto F.Y. 2021-22 have been duly paid to BSE.
The Board approved the proposal for listing of the Companys shares on NationalStock Exchange (NSE) at its meeting held on September 14 2020. The Company is in theprocess of getting the shares listed at NSE.
29. CHANGE IN THE NATURE OF BUSINESS
During the period under review there is no change in the nature of business of theCompany.
30. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY FROM THE END OFFINANCIAL YEAR AND TILL THE DATE OF SIGNING OF REPORT
The second wave of Covid-19 has impacted the business operations during the firstmarket was shut because of lockdown imposed by various state governments. TheCompanys manufacturing activities are operating partially.
31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS materialorders passed by the Regulators / Courts during the previous year which would impact thegoing There were no significant concern status of the Company and its future operations.
32. VIGIL MECHANISM / WHISTLE BLOWER POLICY
The Vigil Mechanism Policy aims to provide a channel to the Directors and employees toreport genuine concerns about unethical behavior actual or suspected fraud or violationof the Code of Conduct or policy. The mechanism provides for adequate safeguards againstvictimization of Directors and Employees and ensures that the activities of the Companyand its employees are conducted in a fair and transparent manner by adoption of higheststandards of professionalism honesty integrity and ethical behaviour. A copy of thePolicy is available on the website of the Company and may be accessed through the weblinkhttps://www.cellowimplast.com/ company-policies/.
33. DISCLOSURE UNDER THE SEXUAL HARRASSMENT OF WOMEN AT WORKPLACE (PREVENTIONPROHIBITION AND REDRESSAL) ACT 2013
The Company has zero tolerance towards sexual harassment at workplace and has adopted aPolicy on prevention prohibition and redressal of sexual harassment at workplace in linewith the requirements of the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013 and Rules made thereunder. As required under law anInternal Complaints Committee has been constituted for reporting and conducting inquiryinto the complaints made by the victim on the harassments at the work place. During theyear under review there were no cases filed or reported pursuant to the provisions of thesaid Act.
34. INTERNAL FINANCIAL CONTROLS
The Company has adequate system of internal control to safeguard and protect from lossunauthorized use or disposition of its assets commensurate with its size scale andcomplexities of its operations. The internal auditor of the Company checks and verifiesthe internal control and monitors them in accordance with policy adopted by the company.
The Audit Committee of the Board of Directors actively reviews the adequacy andeffectiveness of the internal control systems and suggests improvements to strengthen thesame. All the transactions are properly authorised recorded and reported to theManagement. The Company is following all the applicable Accounting Standards for properlymaintaining the books of accounts and reporting financial statements.
35. BUSINESS RESPONSIBILITY REPORT
A Business Responsibility Report as per Regulation 34 of the SEBI (Listing Obligations& Disclosure Requirements) Regulations 2015 forms part of this Annual Report as Annexure-IX.
36. OTHER DISCLOSURES
No application has been made under the Insolvency and Bankruptcy Code; hence therequirement to disclose the details of application made or any proceeding pending underthe Insolvency and Bankruptcy Code 2016 (31 of 2016) during the year alongwith theirstatus as at the end of the financial year is not applicable to the Company.
The requirement to disclose the details of difference between amount of the valuationdone at the time of onetime settlement and the valuation done while taking loan from theBanks or Financial Institutions along with the reasons thereof is also not applicable.
We appreciate and thank the employees customers vendors and investors for theircontinuous support.
We also thank the Banks Government of India Governments of various states in Indiaand agencies for their co-operation. We mourn the loss of life due to COVID-19 pandemicand are deeply grateful and have immense respect for every person who risked their lifeand safety to fight this pandemic.
For and on behalf of the Board
of Wim Plast Limited
Pradeep G. Rathod
Chairman & Managing Director
Date: June 11 2021