Your DbetOtt take pleasure in presenting the fl8* Annual Report cm the business and operations cf your
Company along with the Audited financial statements of the Company (or the financial year ended 31^-
March, 2024.

FINANCIAL PERFORMANCE SUMMARY

Tlx? Company's financial performances for tlx; year under review along with comparative figures for the
previous financial year are eiven liereundcr:

REVIEW OF OPERATIONS

The Company a engaged in the businch* of manufacturing and trading of various type of metals, other
nvctallk substances and other related products, the Company's main products are Copper Wm* and
Copper Wife Rods Youi Company's income from operations for the year under review wav INR
110002 SI Lakhs as compared to INR 97394 01 Lakiis of that of the previous year whereas its gross profit
stood at INR 965.10 Lakhs v*. INR 1204 45 Lakhs of previous year.

DIVIDEND

With a view to conserve resources for future growth, the Board do not reannmwnd dividend for the
financial year under review.

TRANSFER OF AMOUNT TO GENERAL RESERVES

The entire profit has been retained in Profit U Loss Account, without transferring any amount to General
Reserves.

TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION & PROTECTION FUND

There i* no unclaimed/unpaid Dividend Within the meaning of the provisions of Section 125 of the
Companies Act 2013.

CHANGE IN THE NATURE OF BUSINESS, IF ANT

During the year under review, there has been no change in the nature of business of your Company
SHARE CAPITAL STRUCTURE

The Company has only one kind of tamed aocurtty i.v Equity Shares and all stares arc in demat form. The
Issued. Subscribed and Paid up capital as at 31" March. 202-5 stood at INK 75000 Lakhs

During the year under review, the Authorised Capital oi the Company has been increased to LNR 2500.00
Lakhs with the approval of the members of the Company at their Extra Ordinary General Meeting held on
21** August 2023.

During the year under review, the nominal value of Equity Shares and Preference Share# of the Company
were subdivided from the existing nominal value of Rs. 100/- each to the nominal value of R*. 10/- each
with the approval of the members of the Company at their Extra Ordinary General Meeting held on 11*
December, 2023.

The Company ha# allotted 37,50.000 Equity Shares of R#. 10/- each a* Bonus Share* on 27^ May. 2024.

(at I#*ue of shares, debentures, bonds, warrant# or other convcrtihlr/non-converiible securities

The Company ha# not issued such kind of shares or securities during the year under review.

tb) Issue of equity shares with differential rights

The Company has not issued such kind of shares during the year under review.

(c) Huy back of Securities

The Company has not taught back any of its securities during the year under review.

(d> Sweat Equity

Die Company has not issued any Sweat Equity Shares during llie year under review.

(c) Bonus Shares

No Bonus Shaic# were issued during the year under review
(f) Employee* Stock Option Plan

Die Company has not provided any Stock Option Scheme to 111* employer*.

MAJOR EVENTS OCCURRED DURING THE YEAR

- During the year under review, the Authorised Share Capita! of the Company has bom increased from
INK 850X10 Lakhs to 2500.00 Lakhs.

- During die year under review, the Board of Director* of the Company in their meeting held on 04"
December. 2023 had identified Mr Shantilal Kaitoshchandra Shah. Mr. Suchitkumar Maheshbhai
Patel Mr. Piyush GinraJ Shah. Mr. Parth Mahcshhhai Pate!. Mr Radheshyam Jonkilol Shah. Mr Pratik
Kadheshyam Shah and Mrs. Kailatbm Radhohyam Shah as the promoters of the Company

- During the year under review, the nominal value of Fruity Shares and Preference Shires of the
Company went subdivided from the existing nominal value of Rs, 100/- each to the nominal value of
R*. 10/- each

- During the year under review, tho Company was converted from "Private Limited* to 'Public
Limited' and consequently the name of the Company chang'd from 'PARMESHWAR METAL
PRIVATE LIMITED" to "PARMESHWAR METAL LIMITED^- by deleting the word 'PRIVATE*
Wore the word "LIMITED* vide Fresh Certificate of Incorporation issued by the Registrar of
Companies on 04^e January. 2024 for growth and expanrvioo of business of the Company and invite
public participation in to the equity capita! of the Company

- The Company has allotted 37,50.000 Equity Shares of Rs 10/- each ns Bonus Sturm on 27* May. 2024.

• The members of the Company had approved Initial Public Offering (IPO) of the Company by fresh
issue of equity shares of the Company and increase the aggregate limit for investment by the
registered Foreign Portfolio Investors (Finn)/Foreign Institutional Investors (Fils) and Non-Resident
Indians m Equity Share Capital of the Company at Extra Ordinary Oiwal Meeting lurid on 29* Stay.
2024.

- In view of the same, die Company hut filed Draft Red Herring Prospectus with BSE Limited at SME
Platform on 30* June. 2024 lo raise money from the public via listing of its iharcu/seewittes on BSE
SME platform and filed application for In Principle approval on 23^s* July, 2024

No major event which requires to report here has occurred during the year under review except
mentioned hereinabove.

DETAILS OF SIGNIFICANT EVENTS AND MATERIAL ORDERS PASSED BY THE
REGUlATOR.SAIOURTS/rRIBU.N’ALS IMPACTING THE GOING CONCERN STATUS AND
COM PAN VS OPERATIONS IN FUTURE

TJwrc wvtc no significant event* or material orders passed by any governing authority against the
Company tnduduig regulator*, courts or tribunals which could impact tltc going concern status and
Company's operations in future

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSH ION OF THE
COMPANY

No material changes and commitments affecting the financial position of the Company, otlwr than
specifically dwdoned in this report under particular lieod, occurred between tlie end of the finarerial year

to which these financial statements relate tp and till the date cl this report.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO

Disclosures of Particular* with respect to Conservation of Energy, Technology Absorption and Foreign
Exchange Earning and Outgo arc furnished in AmiexareA to this report

RI5K MANAGEMENT POMCY

The risk management policy of the Company is determined by the Board ol Directors The Board of
Director* identifies elements ol risk, il any, which in its opinion may threaten the existence of Company.
Die objective of the mechanism i> to minimize the impact ol risks identified and taking advance actions
to mitigate them. The common risks inter alia are changing Regulatory framework. Competition, Market
rok Business Rink which intcr-alin, further includes production risk, financial risk, political nsk, fidelity
risk, legal risk, technology obeolwcence, investments, retention of talent and expansion of facilities. The
Board of Directors have developed systems and controls for the improvement in quality and for coat
cutting The nsk management policy of the Company is being implemented and evaluated by the Board
at various intervals of time.

CORPORATE SOCIAL RESPONSIBILITY (CSR) COMMITTEE & DETAILS OF POLICY
DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL
RESPONSIBILITY INITIATIVES

The ccimiitutum of CSR Committee is not applicable to the Company pursuant to Section 135{9) of die
Companies Act 2013 even though on voluntary basts, the Company has constituted CSR Committee
wjtJ. Ol* February, 2024 with following members.

1. Mr. Piyush Shah - Non-Executive Director - Chairperson

2 Mr. Dipak Jagetiva - Independent Director - Member

3. Mrs, Khuiihboci Agnrwa! - Independent Director - Member

Due to rei.igr.tUon of Mis. Ktmsliboo Ag.mv.il from tlie post of Independent Director and appointment of
Mrs. Muyura Dinah Mara the as an Independent Director of the Company, the CSR Committee ha* born
re-constituted w.c.f. 14^rti June, 2024 with fallowing member*;

T Mr. Piyush Shalt - Non-Executive Director - Chairperson

1 Mr Dipak Jagctiya - Independent Director - Member

3 Mr* May ura Dinesh Marathe - Independent Director - Member

During Uw year under review. 01 (One) Meeting of members of CSR Committee wa* held on 12/03/2024

Die CSR l^slicy ot the Company ox approved by the Board on the locoitunundatiun of the CSR Committer
is available on llu* Website of die Company at www.parTncxhwarmctal.conv

During ihc financial year the Company hoi spent toward* CSR In term* of provisions of Section 135 ol
the Companies Act 2013. D*c Annual Report on CSR Activities undertaken by die Company during die
financial year ti annexed a* Annevure-B and form* part of thb Report

SUBSIDIARIES. JOINT VENTURES AND ASSOCIATE COMPANIES

The Company doc* iux have any Subsidiary, J6iol Venture or A*»dafce Company a* at the end of the
fmnnciai year.

PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF
THE COMPANIES ACT. 2013

Particular* of loan* given, guarantee* provided or investment* made under Section 186 of the Companies
Act 2013 are furnished tn the financial statement*.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

The detail* ul contract or arrangements made with related parties a* defined under Section 188 of the
Companies Act. 2013 during the year under review are furnished in Anne*ure-C

EXPLANATION OK COMMENTS ON QUALIFICATIONS, RESERVATIONS OR ADVERSE
REMARKS OR DISCLAIMERS MADE BY THE AUDITORS

Then? Here no qualification*, reservations or had advene remark* made by the Auditor* in their reports
ANNUAL RETURN

Punuont to Section 92<3) read with Soctkin 134(3)(a) of the Companies Act 2013 and rules made
thereunder, the Annual Return a* on 31- March. 2024 is available on the website of the Company at
www patmmhwanttclnlxonv

DIRECTORS RESPONSIBILITY STATEMENT

In accordance with the provision® of Section 134(5) of the Companies Act. 2013 the Board hereby submit*
ito responsibility Statentent that:

(a) in the preparation of the annual account*, the applicable accounling standards had been followed
along with prnpcT explanation relating to material departure*;

(b) the directors had selected such accounting policies and applied them consistently and made
judgments and estimate* that air reasonable and prudent to a* to give a true and fair view of the
state of affair* of the Company at the end of the financial year and of the profits of the Company for
that period.

(cj the directors liad taken proper atul sufficient care fur the maintenance of adequate accounting records
in accordance with the provision* of this Act for safeguarding tlx* assets of the Company and for
preventing and detecting fraud and other irregularities;

(d) the directors had prepared fbe annual accounts on a going concern basis; and

(ej the director* had devised proper cyatrtttt to mmuiv compliance with the provision* of oil applicable
laws and that such systems were adequate and operating effectively

SECRETARIAL STANDARDS

the Company ha* compiled with applicable Secretarial Standard* tewed by the Institute of Company
Secretaries of India.

DEPOSITS

The Company has neither accepted nor renewed any deposits During the year under review, the
Company has received unsecured loam which exempt under tJ%e depart rules in terms of the Companies
< Acceptance of Deposits) Second Amendment Rules. 2015 are furnished in the financial statements.

DIRECTORS AND KEY MANAGERIAL PERSONNEL (KMP)

As on 31" March* 2024. die Board consist* of;

1. SHK15H ANTILAL KAJLASHCHANDRA SHAH (DIN: 03297556)

2. SHR1 SUCHITKUMAR MAHESHBHAJ PATEL (DIN: 06372699)

3. SHRIP1YUSH GIR1RAJ SHAH (DIN: 00286242)

4. SHRI D1PAK SHANTILAL lAGETlYA (DIN: 03204123)

(trpyw'nloi wx.f 0J^rt Mmary. 2024)

5. 5MT. KHUSHBOO AGARWAL (DIN: 10298514)

[appanuJ wje.f 0J« fefrnury, 2024 and rcfigncdwxj, IS* June, 2024)

Mr. Piyush Shah (DIN: 00286243), Director of the Company, is liable to retire by rotation at die ensuing
Annual General Meeting (ACM) and twirg eligible offer* himself for reappointment

During the year under review.

• Ms. Dlura Motfca was appointed as a Company Secretary of the Company w.e.f. 01* October,

2023.

• Mr. Piyush Shah (DIN: 00286242). Director of the Company wax appointed an a Non-Executive
Director of U\c Company os well as Chatmian/Chairperaon of the Board/Company wd. 01**
February. 2024

• Mr. Dipak Shantilul Jagetlva (DIN: 03204123) and Mrs KhushBoo Agarwal (DIN: 10298514) Were
appointed as Independent Dim'tors of the Company fur a term of five years w ei. 01« February,
2024 with apjuov.il of members of the Company at Extra Ordinary General Meeting held on 29*
February, 2024.

• Mr. Rujemlrakumar Devkiivmdan Sluh (DIN 02371384) and Mr, Radheshayom Janktial Shah
(DIN: 0046GS&S) were resigned fmm the post of Director of the Company w ei 01- February,

2024.

• Mr. Shantilal Kailashchund ra Sluh (DIN: 03297356), Director of the Company was appointed as a
Managing Director of the Company for a term of five jean w.e.f. 05* February, 2024 with
approval of members of the Company at Extra Ordinary General Meeting held on 29* February.
2024.

• Mr. Suchitkumar Mahethblui Patel (DIN- 06372699). Director of the Company was appointed as
a Whole Time Director of the Company fur a term of five >vorx w.eJ. 05* February, 2024 with
approval of members of the Company at Extra Ordinary General Meeting held on 29* February,
2024.

Mr Vijitykutnar Shailexhbhai Sluh was appointed os a Chief Financial Officer of the Company w.iti 01*

May, 2024

Mn. Khushboo Agai wa! (DIN: 10295514) tendered Iwr rrvigrulion from the pc**t of Independent Director
of the Company wx-.f 15'*' Junr. 2024 due to her personal reason and to Fill casual vacancy in the said
post, Mi5 Mayors Dinrdi Marathe (DIN: (WbSlW.Vi) was appointed as an Independent Director of the
Company wjoJ 15* June, 2024 with approval of members of the Company at Estra Ordinary General
Meeting hrld on IS**' June, 2024.

AD the Directors of the Company haw confirmed that they are not disqualiiied from being appointed a*
Directors in terms of Section ltd of the Companies Act, 2013

There was no other appointment or resignation of Director/KMP during the year under review except
mentioned herein above

MEETINGS OF THE HOAKD OF DIRECTORS

During the war under review. 10 (Ten) Meetings of the Board of Directors were lwld on 31/05/2023,
15/07/2023. 27/07/2023. 11/08/2023, 30/09/2023, 01/12/2023. M/12/2023. 01/02/2024. 05/02/2024
and 12/03/2024.

STATUTORY AUDITORS

Thtf period of appointment of M/t. Gatlara Cc Associates. Chartered Accountants, (Finn Registration No
WWW), Statutory Auditors of tiur Company. expires on the day of tl* ensuing Annual Ccneral
Meeting. Being eligible, the re-appointment of M/» Canard 8c Auociftba, Chartered Accountant*. (Firm
Registration No 103097W) Statutory Auditors of the Company b proposed to be made by the members
in the ensuing Annual General Meeting as psrr the provisions of seetkin 139 of the Companies Act. 2013
and remuneration may be fixed by the members and hold the office from the conclusion of 08* Annual
General Meeting of the Company till the conclusion of 09” Annual General Meeting ol the Company.

There is no qualification, reservation or adverse remark or disclaimer made by the auditors in their
report Hence, there 1* no need to offer any explanations or comments bv your Board.

The Company has received a certificate from the said firm in accordance with the provisions of Section
141 of the Companies Act, 2013.

SECRETARIAL AUDITORS

M/x. Alpfcsh Vekariya 4c Associate Company Secretaries, was appointed os Secretarial Auditor of die
Company for the financial year 2023-24.

In accordance with Section 204 of the Companies Act 2013 read with Rules made thereunder, the Report
given by the Secretarial Auditor* b annexed as Anncxurr-D There lua been no qualification, reservation,
adverse remark or disclaimer nude by the Secretarial Auditors in their Report

INTERNAL AUDITORS

The Ikuud has appointed M/*. RNCA4 Ax-iciatr*, Chartered Accountants, a> an Internal Auditor* of
th* Company fur Use financial year 2023-24 pursuant to provuiona of Section 138 of tlw Companies Act.
2013 In order to ensure proper internal financial control.

INTERNAL CONTROL SYSTEM AND 1 HEIR ADEQUACY

The Company ha* adequate system of internal control commensurate with its size and nature of it«
businr« to safeguard and protect from lot* unauthorized use or disposition of its assets All the
transaction* are properly authorized, recorded and reportrd to thr Management. The Company is
foliowin£ all the applicable Accounting Standard* for properly maintaining the book* of accounts and
reporting rsrund.il statements The Management and Internal Auditors of the Company checks and
verifies the internal control and monitors them m accordance with policy adopted by the Company

MAINTAIN ANCEOFCOST RECORDS U COST AUDIT

The Company t* required to maintain coat records as prescribed by the Central Government under Sub-
Section 1 of Section 1-W of the Companies Act, 2013 mid with Companies (Cost Record* and Audit)
Rules. 2014 Further your Company has always been compliant of the same

Tht* Board of Directors has appointed M/s Borad Sanjay B L. Associates, Cost Accountants, as the Cost
Auditors of the Company to audit the cost accounting records of the Company for the financial year 2024*
25 As required under the Companies Act. 2013, the remuneration payable to the Cost Auditor is required
to be placed More the members of the Company for their ratification at the ensuing Annual General
Meeting (ACM). Accordingly, a resolution seeking member's ratification of the remuneration payable to
said auditor is tncluded in the Notice convening the 08® AGM

ESTABLISHMENT OF VIGIL MECHANISM

The Company has established « vigil mccliantam for Us Directors and Employees to report genuine
concern* and made provision* for direct access to the Executive Directors of the Company. T)u; Company
ha* also provided adequate safeguards against victimization of Employee* and Directors who express
then concerns. The Company has Adopted a "Vigil Mochonten/Whistlc Blower Policy'

COMPANY'S POLICY RELATING TO DIRECTORS APPOINTMENT, PAYMENT OF
REMUNERATION AND DISCHARGE OF THEIR DUTIES

The constitution of Nomination and Remuneration Committee is in terms of the provision* of Section
178(!) of the Companies Act, 2013 and the Company has devised policy relating to appointment of
Director*, payment oi Managerial remuneration. Directors qualifications, positive attribute*,
independence of Directors and other rotated matters as provided under Section 178(3) of the Companies
Act 2013. • ^

The Nomination and Remuneration Committee commuted wel 01^a February. 2024 consists «f the
following Members:

1 Mr Dipak Jagetiya - Independent Director - Chairperson

2. Mrs, Khushboo Agarwal - Independent Director - Member
3 Mr. Piyush Shah - Non-Executive Director - Member

Due to resignation of Mis. Khuslsboo Agonval from the post of Independent Director and appomtment of
Mis Mnvura Dinesii Miirathc as an Independent Director of the Company, the Nomination and
Remuneration Committee I us been re-constituted w.eJ. 14® June. 2024 ivitli following member*

1 Mr. Dipak Jagrtiya - Independent Director - Chairperson

Z Mr*. Mavura DinnTi Marathe - Independent Director - Member

X Mr. Plyush Sluh - Non-Executive Director - Member

Dutin* the year under review, 02 (two) Mating* of members of Nomina non and Remuneration
Committee were held on 05/02/2024 and 12/03/2024.

DECLARATION OF INDEPENDENT DIRECTORS

The Independent Director* have submitted their duclosures to the Board that they fulfil oil the
requirements a* stipulated tn Scctkm 149(6) of the Companies Act, 2013 *o as to qualify themselves to be
appointed as independent Director* under the provisions of the Companies Act 2013 and the relevant
rules.

DISCLOSURE OP COMPOSITION OF AUDIT COMMITTEE

The constitution of Audit Committee is tn terms of the provisions erf Section 177 of the Companies Act
2013. ..................................*“......

The Audit Committee commuted w.ei. 01- February, 2£C4 consist* of the following Members:

1 Mr Dipak Mgetiva - Independent Director - Chairperson

2. Mrs Klmahboo Aganval - Independent Director - Member

3. Mr. Piy uah Shah - Nun-Executive Director - Member

Due to migration of Mrs. Khuslibixi Apanv.il from the post of Independent Director and appointment of
Mr' Mayor* t>irw-* ti Mara live a\ an Independent Director of tiie Company, tlie Audit Committee has
been re-constituted w e i 14* June. 2024 with following members;

l. Mr. Dipak Jagctiya - Independent Director - Qian penon

2 Mrs. Mavura Dinedi Marathe - Independent Director - Member

3^ Mr Ptyudi Shah - Non-Executive Director - Member

During the year under review. 02 (Two) Meeting* of members of Audit Committee were held on
C5/02/2024 and 12/03/2024.

STAKEHOLDERS RELATIONSFUP/1NVESTOR GRIEVANCES COMMITTEE

Th* constitution of Stakeholders RcUhoadup/Investor Grievances Committee is in term* of the
provisions of Section 178(5) of tlie Comjunics Act. 2D13.

The Stakeholder* Relationship Committee constituted w.c.f. 01" February, 2024 consists of tile following
Members;

1. Mr. Piyush Shall - Non-Executive Director - Chairperson

2 Mr Dipak Jagctlya - liuicpcndent Director - Member

3 Mi*. Khunhboo Aj.jarw.il - Independent Diiector - Member

Due to resignation of Mm. Khushboo Agonvnl from the post of Independent Director and appointment of

Mrx Mayuni Dirnvdi Marathi as an Independent Director erf tlie Company, the Stakeholders Rclatiorahip
Committee has been re-oons-titutcd w c.i. 14*¹ June. 2024 with following members.

1. Mr. Piyush Shah - Non-Executive Director - Chairperson

2. Mr. Dipak Jageti va - independent Director - Member

3 Mr*. Mayura Dinesh Marathe - Independent Dtrrctor - Member

During the year under revkfw. there is no Meeting* of members oi Stakeholder* Relationship Committee
wii held.

EVALUATION OF BOARD. COMMITTEES AND DIRECTORS

A detailed exetti* for evaluation of the performance of the Board, it* various Committees and also the
performance of individual Director* Wa* carried out by the Board by wav of a (nurtured quentionniurc and
Director* were wtirfied with the evaluation process The performance evaluation of the Independent
Directors wu carried out by* the entire Board The Direct ur* expressed their satisfaction with the
evaluation process

The performance of the Board and that of ib Committee* was evaluated on the basis oi various
parameter* like adequacy of Composition, Board Culture, Execution ami performance of specific duties,
obligations and governance etc. Whcrca* tin* evaluation of mdividual Directors and that of the Chairman
of the Board was on the basu. of various factor* like their attendance, level of tlieir engagement. Hunt
contribution, and independency of judgment, their contribution in safeguarding tlie interest of the
Company and other relevant factor* The Board and Committees pul sufficient efforts to safeguard tlie
interest of the Company

INTERNAL COMPLAINTS COMMITTEE UNDER THE SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE AND NUMBER OF COMPLAINTS RELATING TO CHILD LABOUR, FORCED
LABOUR, INVOLUNTARY LABOUR, SEXUAL HARASSMENT

No ca.se* of child labour, forced labour, involuntary labour and discriminatory employment were
reported in the last financial year

The Company has. pursuant to Section 4 of tlie Sexual Harassunent of Women ot Work Place (Preventlcm.
Prohibition ami KednttMl) Act. 2013 and rule* made thereunder. formulated the Sexual Harassment
Policy and constituted the Internal Complaint* Committee (TCC*) The Company %trongly oppose* to
•exual harassment and employee* are made aware about the consequences of *_Uch acts aiui alxwt llw
constitution of ICC

During the year under review, no complaint* were filed with the Committee under tlie provision* of the
laid Act

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE
INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THF YEAR ALONG WITH
THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR

Not Applicable

THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME
OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE
BANKS OR FINANCIAL INST ITUTIONS ALONG WITH THE REASONS THEREOF

Not Applicable

FRAUD RETORTING

Dwr were no cases of frauds reported by auditor* under sub-section (12) of Section 143 to the Board
dhw Own thnar which arc reportable to tlx* Central Government Moreover, there was no mutant* of
fraud reporting by the Statutory Auditor* to the Central Government during the year under review

ACKNOWLEDGES! ENTS

V-our Directors place an record thrlr sincere thanks to all shareholders, bankers, customers, bustm-M
associates, clients, creditor?, employee* and consultants for their continued support extended to your
Company during the year under review The Directors ai» thank the Government and concerned
Government departments and agencies for their co-operation.

For and on behalf of the Board of Directors

p] yi/5k Gy

rtyuah Shah

Chairman yj&Ej/S.

DIN: 00286242 . iS/YA

Dale: 05* September. 2024

Ttace: Dchgam -XwjMr

«•»