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A Oneindia Venture

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Nifty 25,966.40 +0.58%

22k Gold ₹ 12,300 /gm

Sensex 84,929.36 +0.53%

Nifty 25,966.40 +0.58%

22k Gold ₹ 12,300 /gm

Directors Report of Indian Link Chain Manufacturer Ltd.

Mar 31, 2025

The Directors have the pleasure in presenting the 67^th Annual Report on the Business and Operations of
your Company and the Audited Financial Statements for the year ended 31^st March, 2025.

FINANCIAL HIGHLIGHTS

1. FINANCIAL RESULTS

The Company''s financial performance for the year ended March 31, 2025 is summarized below.

Particular	2024-25	2023-24
	(Amt in INR)	(Amt in INR)
Total Income	29,46,918	26,16,463
Depreciation	1,32,536	1,32,536
Other Expenses	9,68,425	11,27,828
Total Expenses	14,84,961	17,19,464
Profit before Tax	14,61,957	8,96,999
Tax Expense:	3,67,995	(13,678)
Profit after Tax	10,93,962	9,10,677

2. STATE OF COMPANY''S AFFAIRS

The Company is presently enaged in the business of trading for all kinds of crops, Grains, pulses,
spices, dry fruits, other edible products, plantation of trees of all types and production of all kinds of
organic food products, fruits, vegetables, dairy, forestry, agricultural, horticulture, tea, coffee, rubber,
mineral, cotton, silk, cereals, cotton - silk, vetiveria, wood, lac culture, timber, fuel, floriculture, bee
keeping, fodder raising, seeding and manufacturing, trading, processing of agriculture products and
allied activities.

Further the Company is actively evaluating business opportunities and is identifying the most viable
long-term business model. This evaluation process has now culminated in a strategic decision to
focus on scalable and high-growth sectors aligned with national priorities and emerging market
needs.

Accordingly, while the Company has not recorded income from operations in the financial year due to
the restructuring and planning phase, it is in the process of capital infusion which will enable
commencement of full-scale commercial activities for the company.

During the financial year 2024-25, the Company earned a profit of ^10,93,962 on a standalone basis,
as against a profit of ^ 9,10,677 in the previous financial year 2023-24.

3. CHANGE IN NATURE OF BUSINESS, IF ANY

There was no change in the nature of business during the financial year 2024-2025.

4. SHARE CAPITAL

During the Financial Year 2024-2025

a) The Company has not issued any equity shares with differential rights.

b) The Company has not issued any Sweat Equity Shares.

c) Issue of Employee Stock Options: The Company has not issued any Employee Stock Options.

d) Post Closure of the financial year, the Company initiated the process to raise funds by way of
Preferential issue of Equity Shares and Convertible Warrants; details of the said fund raising are as
follows.

The Board of Directors, at its meeting held on 13^th May, 2025, and subsequently the shareholders
at the Extra-Ordinary General Meeting held on 9^th June, 2025, approved fund raising by way of
preferential issue and allotment of 25,50,000 equity shares for cash at price of Rs. 71/- per Equity
Shares including a (including a premium of Rs. 61/- per Equity share) on preferential basis to the
Non-Promoter Group and 53,00,000 convertible warrants into equity shares of face value of Rs.
10/- each and on conversion to be fully paid up, for cash, at a price 71/- per convertible warrants
(at premium of Rs. 61/-) on on preferential basis to the Non-Promoter Group. The Shareholders of
the Company further approved the increase in the authorized share capital of the Company from
Rs. 1,00,00,000/- (Rupees One Crore only) divided into 10,00,000 (Ten Lakh) equity shares of Rs.
10/- (Rupees Ten only) each to Rs. 8,40,00,000/- (Rupees Eight Crore Forty Lakh only) divided into
84,00,000 (Eighty-Four Lakh) equity shares of Rs. 10/- (Rupees Ten only) each."

In addition, pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
2011, an Open Offer has been made by Mr. Rajendra Chodankar [Acquirer] for acquisition of up
to 7,93,000 equity shares, representing 26% of the emerging equity share capital of the Company,
and Bonanza Portfolio Limited has been appointed as the Manager to the Offer.

The above developments have occurred subsequent to the closure of the financial year and the
same have been appropriately reported under Point No. 5 "Material Changes and Commitments
Affecting the Financial Position of the Company" of this Report.

5. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

The Company is in the process of raising funds by way of issue of securities. The details relating to the
preferential issue of equity shares and convertible warrants, and increase in authorized share capital
have been disclosed under the heading "Share Capital" of this Report and may be referred to for
further information.

Additionaly, Pursuant to Regulations 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011, an Open Offer has been made by Mr. Rajendra Chodankar [ Acquirer]

to acquire up to 7,93,000 equity shares, representing 26.00% of the emerging equity and voting share
capital of the Company, from the public shareholders.

In this regard, a Public Announcement was made on 13^th May, 2025, and a Detailed Public
Announcement was published on 20^th May , 2025, in connection with the said acquisition of equity
shares of the Company. Further, the Draft Letter of Offer dated 27^th May, 2025 has been issued on
behalf of the Acquirer under Regulations 3(1) and 4, read with Regulations 13, 14, and 15(1) of the SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the proposed acquisition of up
to 7,93,000 equity shares from public shareholders and Bonanza Portfolio Limited has been appointed
as the Manager to the Offer for the said Open Offer process.

Apart from the above, there have been no material changes and commitments affecting the financial
position of the Company subsequent to the close of the financial year 2024-25

6. DIVIDEND

The Board of Directors does not propose to declare any Dividend for the Financial Year 2024-25.

7. TRANSFER TO RESERVE

No amounts were transferred to any reserves.

8. BOARD MEETING AND COMMITTEES

During the reporting period, 06 (Six) Board Meetings were held and the gap between the Meetings
was within the period prescribed under the Companies Act, 2013 and the Company has complied with
all the provisions of Companies Act 2013 and Secretarial Standard applicable to it with respect to
conducting Board Meetings. Furthermore, the Board has constituted three key committees, namely.

â¢ Audit Committee

â¢ Nomination and Remuneration Committee

â¢ Stakeholders Relationship Committee

9. DIRECTORS'' RESPONSIBILITY STATEMENT

Based on the the framework of internal financial control and Compliance system established and
maintained by the Company, work performed by the respective auditors and audit of internal financial
control over financial reporting by the Statutory Auditor and the reviews performed by the
management / Board. The Board is of the opinion that the Company''s internal financial control were
adequate and effective during the financial year ended 31^st March 2025.

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of directors, to the best of their
knowledge and ability, confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures.

b) the directors had selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of
the state of affairs of the company at the end of the financial 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 adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets 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; and

e) the directors, in the case of a listed company, had laid down internal financial controls to be
followed by the company and that such internal financial controls are adequate and were
operating effectively.

f) the directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

10. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF
SECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT

There is no reporting made by the Auditor of the Company''s, with respect to the Fraud for the
financial year 2024-2025.

11. DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year under review, the following change took place in the composition of the Board of
Directors:

Mr. Jaynish Kothari (DIN: 00281312) was appointed as an Additional Non-Executive Independent
Director at the Board Meeting held on 24^th June, 2024, pursuant to the provisions of Sections 149, 150,
152, 161, 197 and other applicable provisions of the Companies Act, 2013.

Subsequently, the shareholders, at the 66^th Annual General Meeting of the Company, approved his
appointment as an Independent Director for a term of five (5) consecutive years, commencing from
24^th June, 2024 and ending on 23^rd June, 2029.

12. DECLARATION FROM INDEPENDENT DIRECTORS

The Company has received declarations from all Independent Directors under Section 149(7) of the
Companies Act, 2013, confirming that they meet the criteria of independence as laid down in Section
149(6) of the Act and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. The Independent Directors have further confirmed compliance with the Code for
Independent Directors as prescribed in Schedule IV to the Act.

13. EXPLANATIONS OR COMMENTS BY THE BOARD ON EVERY QUALIFICATION, RESERVATION OR
ADVERSE REMARK OR DISCLAIMER MADE

(i) Statutory Auditor''s Report: The Statutory Auditor of the Company has issued clean/ clear report for
the FY 2024-2025 therefore board has not mentioned any explanation or comments on the same
report.

(ii) Secretarial Auditor''s Report: Following are the observation raised by the Secretarial Auditor:

A. that Composition of Audit Committee and Nomination and Remuneration Committee of the
Board during the part of reporting period and the quorums present in few meetings is not as per
the requirements of the Companies Act, 2013.

B. The Company is yet to appoint Internal Auditor as per provision of section 138 of the Companies
Act 2013.

C. The Company is in process to rectify the Index of charges appearing on the MCA portal. During
the reporting period.

Management''s Response:

A. The Board acknowledges the observation and submits that the composition of the Audit
Committee and Nomination & Remuneration Committee was not fully compliant with the
requirements of the Companies Act, 2013 during part of the reporting period, due to
resignation/changes in the Board of Directors. The Board has since reconstituted the Committees
in line with the applicable provisions and the composition now meets the statutory requirements.

B. The Company is in the process of appointing an Internal as per Section 138 of the Companies Act,
2013. Necessary steps for the appointment are being taken and the same will be finalized shortly.

C. The discrepancies in the Index of Charges appearing on the MCA portal are being rectified. The
Company has initiated the process of filing the necessary forms/clarifications with the Registrar of
Companies, and the matter is expected to be regularized soon.

14. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

In view of the changes in the Companies Act, the Company has taken additional measures to
strengthen its internal control systems. Additional measures in this regard are fraud risk assessment,
mandatory leave for employees, strengthening background verification process of new joiners,
whistle blower policy and strengthening the process of risk management. The Company maintains a
system of internal controls designed to provide a high degree of assurance regarding the
effectiveness and efficiency of operations, the adequacy of safeguards for assets, the reliability of
financial controls, and compliance with applicable laws and regulations.

The organization is well structured and the policy guidelines are well documented with pre-defined
authority. The Company has also implemented suitable controls to ensure that all resources are
utilized optimally, financial transactions are reported with accuracy and there is strict adherence to
applicable laws and regulations.

The Company has put in place adequate systems to ensure that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are authorized, recorded and reported.
The Company also has an exhaustive budgetary control system to monitor all expenditures against
approved budgets on an ongoing basis.

Recognizing the important role of internal scrutiny, the Company has an internal audit function
which is empowered to examine the adequacy of, and compliance with, policies, plans and statutory
requirements. It is also responsible for assessing and improving the effectiveness of risk
management, control and governance process.

Periodical audit and verification of the systems enables the various business groups to plug any
shortcomings in time. As stated earlier the Company has improved effectiveness of the risk
management process wherein it evaluates the Company''s risk management system and suggests
improvement in strengthening risk mitigation measures for all key operations, controls and
governance process. In addition, the top management and the Audit committee of the Board
periodically review the findings and ensure corrective measures are taken.

15. RISK MANAGEMENT

The Board of the Company has formed a risk management policy to frame, implement and monitor
the risk management plan for the Company. The Board of Directors are responsible for reviewing the
risk management plan and ensuring its effectiveness. Major risks identified by the businesses and
functions are systematically addressed through mitigating actions on a continuing basis.

In the opinion of Board the rising costs and changing government policies and regulations are the
key risk factors that may threaten the existence of the company.

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

During the year under review, the Company has not given any guarantee to any party as provided
under Section 186 of the Companies Act, 2013. The details of loans granted by the Company are
provided in Note No. 4 to the financial statements.

17. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

During the year, the Company did not enter into any transactions, contracts or arrangements with
related parties that could be considered material in accordance with the Company''s policy on related
party transactions drawn in accordance with relevant regulations applicable to the Company.
Accordingly, the disclosure of related party transactions in Form AOC-2 is not applicable.

The details of such transactions entered by the Company with Related Party Transactions which are
at Arm''s Length Price and in Ordinary Course of Business are provided in Note No. 21 of the
Financial Statements.

18. STATEMENT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.

The Company does not have any Subsidiary, Associate and Joint Ventures.

19. OTHER MATTERS AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES, 2014

> Subsidiaries, Joint Ventures or Associate Companies: During the financial year no Companies
became/ ceased to be Company''s Subsidiaries, Joint Ventures or Associate Companies

> During the year under review, there were no instance of one-time settlement with banks or
financial institutions and hence the differences in valuation as enumerated under Rule 8(5) (xii) of
Companies (Accounts) Rules, 2014, as amended, do not arise.

> During the financial year the Company has not accepted any deposits, not renewed any deposit or
made any default in repayment of any deposits.

> The Privision relating CSR as per the Section 135 of the Companies Act 2013 is not applicable to the
Company.

20. BORROWINGS FROM DIRECTORS

The Company has not borrowed funds from any Director of the Company during the financial year
2024 - 2025.

21. BOARD EVALUATION

The Board of Director has carried out an annual evaluation of its own performances, Board
Committees and Individual Director pursuant to section 178(2) of the companies Act 2013.

The performance of the Board was evaluated by the Board after seeking inputs from all the directors
on the basis of the criteria such as the composition of Board and its structure, effectiveness of board
processes, information and functioning, etc.

The performance of the Committees were evaluated by the Board after seeking inputs from the
members of the Committees on the basis of the criteria such as the composition of committees,
effectiveness of meetings of the Committees, etc.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed the performance of
the individual directors on the basis of the criteria such as the contribution of the individual director
to the Board and committee meetings like preparedness on the issues to be discussed, meaningful
and constructive contribution and inputs in meetings, etc. In addition, the Chairman was also
evaluated on the key aspects of his role

The Independent Directors in their meeting, evaluated the performance of non-independent
directors, the Board as a whole and performance of the Chairman after taking into account the views
of Executive Directors and Non-Executive Directors. The same was also reviewed and discussed in the
board meeting that followed the meeting of the independent Directors.

22. POLICY ON DIRECTORS'' APPOINTMENT AND REMUNERATION AND OTHER DETAILS

In terms of Section 178 of the Companies Act, 2013 the policy on Nomination and Remuneration of
Directors, Key Managerial Personnel (KMP), Senior Management and other employees of the
Company has been formulated by the Nomination and Remuneration Committee of the Company
and approved by the Board of Directors. This policy acts as a guideline for determining, inter-alia,
qualifications, positive attributes and independence of a Directors, matter relating to the
remunerations, appointment, removal and evaluation of performance of the Directors, Key
Managerial Personnel, Senior Management and other employees.

23. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES

The Company has formulated and published a Whistle Blower Policy to provide Vigil Mechanism for
employees including directors of the Company to report genuine concerns. The contents of this
policy are in line with the provisions of the Section 177(9) of the Act.

24. AUDIT COMMITTEE

The composition, quorum, powers, role, and scope of the Audit Committee are in accordance with
the provisions of Section 177 of the Companies Act, 2013. The Committee comprises the following
members as on 31^st March, 2025. In the financial year 2024-25.

Sr. No	Name	Chairman/Member	Category
1.	Mr. Ashok Jain	Chairman	Independent Director
2.	Mr. Vishal Thakkar	Member	Managing Director
3.	Mr. Jaynish Kothari (Appointed w.e.f 24^th June, 2024)	Member	Independent Director

During the financial year 2024-25, the Audit Committee duly met 4 times and the attendance of each
member at such meetings are provided below.

Sr. No	Name	Number of Meetings during the financial year ended 2024-2025
		Entitled to Attend	Attended
1.	Mr. Ashok Jain	4	4
2.	Mr. Vishal Thakkar	4	4
3.	Ms. Bhavika Thakkar	1	1
4.	Mr. Jaynish Kothari	3	3

â¢ Ms. Bhavika Thakkar ceased to be member of the Audit Committee w.e.f 24-06-2025.

25. NOMINATION AND REMUNERATION COMMITTEE

The composition, quorum, powers, role, and scope of the Nomination and Remunneration
Committee are in accordance with the provisions of Section 178 of the Companies Act, 2013. The
Committee comprises the following members as on 31^st March. 2025.

Sr. No	Name	Chairman/Member	Category
1.	Mrs. BhavikaThakkar	Chairman	Non- Executive Director
2.	Mr. Ashok Jain	Member	Independent Director
3.	Mr. Jaynish Kothari (Appointed w.e.f 24^th June, 2024)	Member	Independent Director

In the financial year 2024-25, the Nomination and Remuneration Committee duly met 2 times and
the attendance of each member at such meetings are provided below.

Sr. No	Name	Number of Meetings during the financial year ended 2024-2025
		Entitled to Attend	Attended
1.	Mr. Ashok Jain	2	2
2.	Mrs. Bhavika Thakkar	2	2
3.	Mr. Jaynish Kothari	1	1

The Committee reviews and approves the remuneration of Managerial Personnel and the terms
and conditions of appointment and in accordance with the provisions of Companies Act, 2013.

The Committee reviews following matters:

Recommend to the Board the set up and composition of the Board and its committees. Including
the "formulation of the criteria for determining qualifications, positive attributes and
independence of a director". The committee will consider periodically reviewing the composition
of the board with the objective of achieving an optimum balance of size, skills, independence,
knowledge, age, gender and experience:

â¢ Recommend to the board the appointment or reappointment of directors.

â¢ Devise a policy on board diversity.

â¢ Recommend to the board appointment of key managerial personnel ("KMP" as defined by the
Act) and executive team members of the Company (as defined by this committee).

â¢ Carry out evaluation of every director''s performance and support the board and independent
directors in evaluation of the performance of the board, its committees and individual directors.

â¢ This shall include "formulation of criteria for evaluation of independent directors and the board".

â¢ Recommend to the board the remuneration policy for directors, executive team or key managerial
personnel as well as the rest of the employees.

â¢ On an annual basis, recommend to the board the remuneration payable to the directors and
oversee the remuneration to executive team or key managerial personnel of the Company.

â¢ Oversee familiarisation programmes for directors.

â¢ Oversee the human resource philosophy, human resource and people strategy and human
resource practices including those for leadership development, rewards and recognition, talent
management and succession planning (specifically for the board, key managerial personnel and
executive team).

â¢ Provide guidelines for remuneration of directors on material subsidiaries.

26. STAKEHOLDER RELATIONSHIP COMMITTEE

The composition, quorum, powers, role, and scope of the Stakeholder Relationship Committee are
in accordance with the provisions of Section 178 of the Companies Act, 2013. The Committee
comprises the following members as on 31^st March, 2025.

Sr. No	Name	Chairman/Member	Category
1.	Ashok Jain	Chairman	Independent Director
2.	Jaynish Kothari	Member	Non-Executive Director Independent Director
3.	Bhavika Thakkar	Member	Non -Executive Director

In the financial year 2024-25, the Stakeholders Relationship Committee duly met 1 times and the
attendance of each member at such meetings are provided below

Sr. No.	Name	Number of Meetings during the financial year ended 2024-2025
		Entitled to Attend	Attended
1.	Bhavika Thakkar	1	1
2.	Jaynish Kothari	1	1
3.	Ashok Jain	1	1

The committee has the following roles and responsibilities:

1) Resolve the grievances of security holders.

2) Monitors and reviews the performance and service standards of the Registrar and Share
Transfer Agents of the Company

3) Provides continuous guidance to improve the service levels for investor.

27. AUDITORS AND THEIR REPORT

â¢ Statutory Auditors

Pursunat to Section 139 and Section 141 of the Companies Act, 2013 read with the Companies
(Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s)
thereof for the time being in force) and based on the recommendation of the Board, the
shareholders have approved the appointment of M/s. NK Jalan & Co., Statutory Auditors, at the
66^th Annual General Meeting held on 28th September, 2024, for a term of 5 (five) consecutive
years, commencing from the conclusion of the 66^th Annual General Meeting till the conclusion of
the 71^st Annual General Meeting of the Company to be held in the year 2029.

As required under Regulation 33 of the Listing Regulations, Statutory Auditors have confirmed
that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered
Accountants of India.

The Statutory Auditors of the Company have issued an unmodified (clean) audit report for the
financial year ended 31^st March, 2025. The said Audit Report forms part of this Annual Report.

â¢ Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the rules made there
under the Company has appointed M/s. Rachana Maru Furia & Associates, Company Secretaries,
Mumbai, in the Board Meeting held on 14^th February, 2025, to undertake the Secretarial Audit of
the Company for the F.Y. 2024-25.

The Secretarial Audit Report is included as Annexure 1 and forms an integral part of this report.

â¢ Cost Auditor

Appointment of cost auditors is not applicable to company for the financial year 2024-2025.

28. THE CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:

a) CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

In terms of the requirements of Section 134(3)(m) of the Companies Act, 2013 read with Rule
8(3) of the Companies (Accounts) Rules, 2014, with respect to conservation of energy, the
Board of Directors wishes to inform the members that considering the nature of operations,
the Company has limited scope for undertaking energy conservation exercises, but
nevertheless continues to emphasize work practices that result in conservation of energy.

Further, the Company actively spreads awareness among its employees on the importance of
optimal utilization and conservation of electricity, water, and other natural resources critical to
steel production. The management remains vigilant in monitoring technological advancements
and continuously explores opportunities to adopt and implement modern, energy-efficient
technologies in its production processes to enhance operational efficiency and reduce the
carbon footprint of its steel manufacturing operations."

b) FOREIGN EXCHANGE EARNINGS AND OUTGO

During the financial year 2024-2025 there is Foreign exchange earnings and Outgo.

29. PARTICULARS OF EMPLOYEES

The information required under Section 197 of the Act read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 are in Annexure 2.

30. MANAGEMENT DISCUSSION AND ANALYSIS

A separate section on Management Discussion and Analysis report (MD&A) is included in the
Annual Report as Annexure 3 required under Regulation 34(2)(e) of the Listing regulations.

31. FOLLOWING MATTERS WERE NOT APPLICABLE TO THE COMPANY FOR THE FINANCIAL
YEAR ENDED MARCH 31, 2025 AND THUS NO COMMENTS ARE REQUIRED BY THE BOARD
OF DIRECTORS ON THE SAME:

â¢ Details of Voting Rights not exercised by the employees u/s 67(3)(c) of Companies Act, 2013
r.w. Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014.

â¢ Disclosure about issue of equity shares with Differential Rights as per Rule 4(4) of Companies
(Share Capital and Debentures) Rules, 2014.

â¢ Maintenance of cost records as specified by the Central Government under sub-section (1) of
section 148 of the Companies Act, 2013

32. SIGNIFICANT AND MATERIAL ORDER PASSED BY REGULATORS OR COURT

No significant and material order has been passed by the regulators, courts, tribunals impacting
the going concern status and Company''s operations in future.

33. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REPRESSED ACT 2013.

The Company has in place a policy for prevention of Sexual Harassment at the Workplace in line
with the requirements of Sexual Harassment of Women at the Workplace (Prevention, Prohibition
and Redressal) Act, 2013.

The policy on Prevention of Sexual Harassment at Workplace aims at prevention of harassment of
employees and lays down the guidelines for identification, reporting and prevention of undesired
behaviour. During the year ended 31st March, 2025:

â¢ Number of complaints of sexual harassment received in a year -Nil

â¢ Number of complaints disposed off during the year - Nil

â¢ Number of cases pending for more than 90 days - Nil

34. STATEMENT BY THE COMPANY WITH RESPECT TO THE COMPLIANCE OF PROVISIONS
RELATING TO THE MATERNITY BENEFITS ACT, 1961

The said disclosure is not applicable to the Company.

35. STATEMENT ON COMPLIANCES OF SECRETARIAL STANDARDS

The Board of Directors have complied with applicable Secretarial Standards as specified u/s 118
of the Companies Act, 2013.

36. ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return of the
Company is available on the website of the Company at https://www.inlinch.com.

37. CORPORATE GOVERNANCE REPORT

Regulations 17 to 27 and Clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para
C, D, and E of Schedule V of the SEBI (LODR) Regulations, 2015 are not applicable to the
Company as the paid up Share Capital of the Company is less than 10 Crores and its Net Worth
does not exceed 25 Crores as on the last day of previous financial year. Hence, the Corporate
Governance Report is not included in this Report.

38. UNCLAIMED DIVIDEND AND UNCLAIMED SHARES

During the period under review there is no unpaid/ unclaimed Dividend and the shares required
to be transferred to the Investor Education & Protection Fund.

39. BUSINESS RESPONSIBILITY REPORT

Pursuant to Regulation 34 of the SEBI Listing Regulations, top one thousand listed entities based
on market capitalization shall provide Business Responsibility Report. The Company is outside the
purview of top one thousand listed entities. In view of this Business Responsibility Report is not
applicable.

40. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY-
EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT
DIRECTORS APPOINTED DURING THE YEAR:

In the opinion of the Board, all Independent Directors possess requisite qualifications, experience,
expertise and hold high standards of integrity required to discharge their duties with an objective
independent judgment and without any external influence

41. LISTING WITH STOCK EXCHANGE

The Company''s Equity Shares are listed at BSE Limited with script code 504746. The Company
confirms that it has paid the Annual Listing Fees for the year 2023-2024 and 2024-2025 to BSE
where the Company''s Shares are listed.

42. SECRETARIAL STANDARDS

The Company has devised proper systems to ensure compliance with the provisions of all
applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that
such systems are adequate and operating

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

There is no such application made or proceeding initiated against the Company

ACKNOWLEDGEMENTS

Your Directors wish to place on record their sense of appreciation for the excellent support
received from the government authorities, bankers, consultants and the dedicated efforts of all
employees in the working of the Company.

For The Indian Link Chain Manufacturers Limited

Sd/- Sd/-

Vishal Thakkar Bhavika Thakkar

Place: Mumbai Managing Director Director

Date: 13-08-2025 DIN: 09798551 DIN: 09854905

Mar 31, 2024

The Directors have the pleasure in presenting the 66^th Annual Report on the Business and Operations of
your Company and the Audited Financial Statements for the year ended 31^st March, 2024.

FINANCIAL HIGHLIGHTS

1. FINANCIAL RESULTS

The Company''s financial performance for the year ended March 31, 2024 is summarized below.

Particular	2023-24 (Amt in INR)	2022-2023 (Amt in INR)
Total Income	2,616,463	14,09,000
Depreciation	1,32,536	1,32,900
Other Expenses	11,27,828	23,51,692
Total Expenses	17,19,464	59,72,592
Profit before Tax	869,999	(45,64,000)
Tax Expense:	(14,000)	-
Profit after Tax	9,10,677	(45,63,132)

2. STATE OF COMPANY''S AFFAIRS

As a part of diversification plan, the management has enter into the business of trading for all kinds of
crops, Grains, pulses, spices, dry fruits, other edible products, plantation of trees of all types and
production of all kinds of organic food products, fruits, vegetables, dairy, forestry, agricultural,
horticulture, tea, coffee, rubber, mineral, cotton, silk, cereals, cotton - silk, vetiveria, wood, lac culture,
timber, fuel, floriculture, bee keeping, fodder raising, seeding and manufacturing, trading, processing
of agriculture products and allied activities. In order to implement the same, approval of the
shareholders had been accorded by way of special resolution at the 65^th Annual General Meeting of
the Company, held on 30^th September, 2023.

In the financial year 2023-2024, the Company has earned a profit of INR. 869,999/- on standalone basis
as compared to loss of INR. 45,64,000/- during the previous financial year 2022-2023.

3. CHANGE IN NATURE OF BUSINESS, IF ANY

Earlier, the Company was dealing with trading and distribution of steel chains & chemicals and during
the reporting period, the Company changed the nature of business and is now dealing with trading for
all kinds of crops, Grains, pulses, spices, dry fruits, other edible products. The Company had Change its

Object Clause which is approved by Shareholder of the Companys as on 65^th AGM held on 30^thSeptember,2023.

4. SHARE CAPITAL

During the Financial Year 2023-2024

a) The Company has not issued any equity shares with differential rights.

b) The Company has not issued any Sweat Equity Shares.

c) Issue of Employee Stock Options: The Company has not issued any Employee Stock Options.

d) The Company has not raised any Funds in any manner.

The Board of Directors at their meeting held on 04^th September, 2023 had approved the sub-division
of equity shares, further approved by the shareholders at the 65^th Annual General Meeting, such that
equity shares having face value of Rs. 100/- (Rupees Hundred only) fully paid-up, have been subÂ¬
divided into equity shares having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, ranking
paripassu with each other in all respects, the record date for the same was fixed as 03-01-2024. With
effect from the aforesaid record date, the face value of the shares (issued, subscribed & paid up) has
been be INR. 10/- each. New ISIN INE359D01024 has been allotted to the Company for shares having
face value Rs. 10/-.

5. DIVIDEND

The Board of Directors does not propose to declare any Dividend for the Financial Year 2023-24.

6. TRANSFER TO RESERVE

No amounts were transferred to any reserves.

7. NUMBER OF MEETINGS OF THE BOARD

During the financial year ended 31^st March 2024, Six (06) Meeting of the Board of Director were held.
Dates of the meetings - 30.05.2023, 14.08.2023, 04.09.2023, 11.11.2023, 14.02.2023, 14.03.2024.

Sr.	Name of Director	Number of Meeting during the financial year
No		2023-2024
		Entitled to attend	Attend
1.	Mr. Vishal Thakkar	6	6
2.	Mrs. Bhavika Thakkar	6	6
3.	Mr. Nagesh Tiwari	1	1
4.	Mr. Balkrishna Jhunjhunwala	1	1
5.	Mr. Ashok Jain	5	5

8. DIRECTORS'' RESPONSIBILITY STATEMENT

Based on the the framework of internal financial control and Compliance system established and
maintained by the Company, work performed by the respective auditors and audit of internal financial

control over financial reporting by the Statutory Auditor and the reviews performed by the
management / Board. The Board is of the opinion that the Company''s internal financial control were
adequate and effective during the financial year ended 31^st March 2024.

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of directors, to the best of their
knowledge and ability, confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been followed
along with proper explanation relating to material departures;

(b) The Directors had selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the
state of affairs of the Company at the end of the financial 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 adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets 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; and

(e) The Directors, in the case of a listed company, had laid down internal financial controls to be
followed by the company and that such internal financial controls are adequate and were
operating effectively.

(f) The Directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

9. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF
SECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL
GOVERNMENT;]

There is no reporting made by the Auditor of the Company''s, with respect to the Fraud for the
financial year 2023-2024.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Following changes have taken place in the Board of Director''s and KMP''s of the Company
during the reporting financial year:

? APPOINTMENTS:

â¢ Mr. Vishal Thakkar (DIN 09798551) and Mrs. Bhavika Thakkar (DIN 09854905) had been
appointed as additional Directors w.e.f. 06.02.2023 by the Board of Directors in terms of Section
161 of the Companies Act, 2013 to hold the office till 65^th Annual General Meeting. Further, Mr.
Vishal Thakkar (DIN 09798551) has also been designated as Managing Director and Chief

Financial Officer W.e.f May 30^th 2023 for the tenure of three years till 29^th May 2026 by the Board
and Shareholders respectively.

â¢ Mr. Ashok Jain (DIN. 08470448) was appointed as Additional (Non-Executive) Independent
Director in terms of section 149, 150, 152, 161 other applicable provision if any, of the Companies
Act, 2013 the appointments of Mr. Ashok Jain as Independent Director for a term of five year
commencing from 11th August, 2023 upto 10^th August, 2028 by the Board and Shareholder''s.

â¢ Post closure of financial year, Mr. Jaynish Kothari (DIN -00281312) was appointed as Additional
Non-Executive Independent Director at the Board Meeting held on 24^th June 2024, as per the
section 149, 150, 152, 161,197 and other applicable provisions of the Companies Act, 2013 the
appointment of Mr. Jaynish Kothari as Independent Director for the term of 5 (Five) years,
commencing from 24^th June, 2024 upto 23^rd June, 2029 subject to approval of Shareholders.

? CESSASIONS:

â¢ Mr. Nagesh Tiwari (DIN 08177098) resigned as Non-Executive Independent Director in terms of
w.e.f 31.05.2023

â¢ Mr. Balkrishna Jhunjhunwala (DIN 00776395) resigned as Non-Executive Independent Director in
terms of w.e.f 31.05.2023.

? UPCOMING APPOINTMENTS AT THE AGM

â¢ The Board proposes to the shareholders for the appointement of Mr. Jaynish Kothari (DIN -
00281312) was has been appointed as Additional (Non-Executive) Independent Director in terms
of section 149, 161 of the Companies Act, 2013 for the term of 5 (Five) financial years, at the
upcoming Annual General Meeting.

â¢ The Board proposes for the appointements of Mrs. Bhavika Thakkar (DIN:09854905), who is liable
to retire by rotation at the 66^th Annual General Meeting of the Company and being eligible, she
has offered herself for re- appointments. The Board recommends her re-appointment to the
member of the Company.

11. BOARD INDEPENDENCE

The Company has received necessary declaration from Mr. Ashok Jain and Mr. Jaynish Kotahri w.e.f
24^th June, 2024 (appointed post closure of reporting period) Independent Directors of the Company
under Section 149(7) of the Companies Act, 2013. Further, the Independent Directors meet the
criteria of independence laid down in Section 149(6) of the Companies Act, 2013 and Regulation
16(1 )(b) SEBI (LODR) Regulations, 2015.

The Independent Directors of the Company have held their meeting during the year on 04^th May,
2023 without the presence of Non-Independent Directors and members of the management to
review the performance of Non- Independent Directors and the Board of Directors as a whole. All the
Independent Directors were present in the meeting.

12. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

13. RISK MANAGEMENT

The Board of the Company has formed a risk management policy to frame, implement and
monitor the risk management plan for the Company. The Board of Directors are responsible for
reviewing the risk management plan and ensuring its effectiveness. Major risks identified by the
businesses and functions are systematically addressed through mitigating actions on a continuing
basis.

In the opinion of Board the rising costs and changing government policies and regulations are
the key risk factors that may threaten the existence of the company.

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

During the year under the review, the Company has not given any gurantee to any party as
provided under Section 186 of the Companies Act, 2013. The details of investments made and
loans granted by the Company are provided in note 4 to the financial statements. Post closure of
financial year, the Company has sought an increase for loans and investments as per the limits
prescribed under section 186 of the Companies Act, 2013 and have accorded approval by deemed
to be dated June 09, 2024.

15. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

There are no contracts/ arrangements/ transaction made by the Company during the financial year
2023-2024, with related parties as specified under Section 188 of the Companies Act, 2013.

16. STATEMENT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.

The Company does not have any Subsidiary, Associate and Joint Ventures.

17. OTHER MATTERS AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES, 2014

> Subsidiaries, Joint Ventures or Associate Companies: During the financial year no Companies

became/ ceased to be Company''s Subsidiaries, Joint Ventures or Associate Companies

> During the year under review, there were no instance of one-time settlement with banks or

financial institutions and hence the differences in valuation as enumerated under Rule 8(5) (xii) of
Companies (Accounts) Rules, 2014, as amended, do not arise.

> During the financial year the Company has not accepted any deposits, not renewed any deposit or

made any default in repayment of any deposits.

18. BORROWINGS FROM DIRECTORS

The Company has borrowed certain funds a Director and had managed repayment of the same
during the reporting period. Details of the same are available in Note No. 21 to the financial
statements.

19. BOARD EVALUATION

The Board of Director has carried out an annual evaluation of its own performances, Board
Committees and Individual Director pursuant to section 178(2) of the companies Act 2013.

The performance of the Board was evaluated by the Board after seeking inputs from all the
directors on the basis of the criteria such as the composition of Board and its structure,
effectiveness of board processes, information and functioning, etc.

The Board and the Nomination and Remuneration Committee ("NRC") reviewed the performance
of the individual directors on the basis of the criteria such as the contribution of the individual
director to the Board and committee meetings like preparedness on the issues to be discussed,
meaningful and constructive contribution and inputs in meetings, etc. In addition, the Chairman
was also evaluated on the key aspects of his role

The Independent Directors in their meeting, evaluated the performance of non-independent
directors, the Board as a whole and performance of the Chairman after taking into account the
views of Executive Directors and Non-Executive Directors. The same was also reviewed and
discussed in the board meeting that followed the meeting of the independent Directors.

20. POLICY ON DIRECTORS'' APPOINTMENT AND REMUNERATION AND OTHER DETAILS

21. ORDERS PASSED BY REGULATORY AUTHORITY

During the Financial Year under review, there were no material orders passed by the regulators or
courts or tribunals impacting the going concern status and company''s operations in future.

22. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES

The Company has formulated and published a Whistle Blower Policy to provide Vigil Mechanism
for employees including directors of the Company to report genuine concerns. The contents of this
policy are in line with the provisions of the Section 177(9) of the Act.

23. AUDIT COMMITTEE

The Composition, quorum, power, role and scope of Audit Committee are in accordance with
Section 177 of the Companies Act 2013. The Committee consist of following members as on 31^stMarch, 2024 and during the reporting period.

Sr.

Name

Chairman/Me

mber

24. NOMINATION AND REMUNERATION COMMITTEE

The composition, quorum, powers, role and scope of Nomination and Remuneration Committee
are in accordance with Section 178 (1) of the Act. The Committee consists of following members
as at March 31, 2024.

Sr. No	Name	Chairman / Member	Category
1.	Mr. Ashok Jain (Appointed w.e.f 11^thAugust, 2023)	Chairman	Independent Director
2.	Mrs. Bhavika Thakkar	Member	Non -Executive Director
3.	Mr. Vishal Thakkar	Member	Executive Director
4.	Mr. Balkrishna Jhunjhunwala (Tenure upto 31^st May, 2023)	Chairman	Independent Director
5.	Mr. Nagesh Tiwari (Tenure upto 31^stMay, 2023)	Member	Independent Director

During the Financial year ended March 31, 2024, Two (2) Meetings of the Nomination and
Remuneration Committee were held during the year on - 30.05.2023 and14.08.2023.

Sr. No	Name	Number of Meetings financial year ended 2023	during the -2024
Sr. No	Name	Entitled to Attend	Attended
1.	Mr. Ashok Jain (Appointed w.e.f 11^thAugust, 2023)	1	1
2.	Mrs. Bhavika Thakkar	2	2
3.	Mr. Vishal Thakkar	2	2
4.	Mr. Balkrishna Jhunjhunwala (Tenure upto 31^st May, 2023)	1	1
5.	Mr. Nagesh Tiwari (Tenure upto 31^st May, 2023)	1	1

The Committee reviews and approves the remuneration of Managerial Personnel and the terms
and conditions of appointment and in accordance with the provisions of Companies Act, 2013. The
Committee reviews following matters:

Recommend to the Board the set up and composition of the Board and its committees. Including
the "formulation of the criteria for determining qualifications, positive attributes and independence
of a director". The committee will consider periodically reviewing the composition of the board
with the objective of achieving an optimum balance of size, skills, independence, knowledge, age,
gender and experience:

â¢ Recommend to the board the appointment or reappointment of directors.

â¢ Devise a policy on board diversity.

â¢ Recommend to the board appointment of key managerial personnel ("KMP" as defined by the Act)

and executive team members of the Company (as defined by this committee).

â¢ Carry out evaluation of every director''s performance and support the board and independent

directors in evaluation of the performance of the board, its committees and individual directors.

â¢ This shall include "formulation of criteria for evaluation of independent directors and the board".

â¢ Recommend to the board the remuneration policy for directors, executive team or key managerial

personnel as well as the rest of the employees.

â¢ On an annual basis, recommend to the board the remuneration payable to the directors and

oversee the remuneration to executive team or key managerial personnel of the Company.

â¢ Oversee familiarisation programmes for directors.

â¢ Oversee the human resource philosophy, human resource and people strategy and human

resource practices including those for leadership development, rewards and recognition, talent
management and succession planning (specifically for the board, key managerial personnel and
executive team).

â¢ Provide guidelines for remuneration of directors on material subsidiaries.

25. STAKEHOLDER RELATIONSHIP COMMITTEE

The composition, quorum, powers, role and scope of Stakeholders Relationship Committee are in
accordance with Section 178(5) of the Act. The Committee consists of following members as at
March 31, 2024.

Sr. No	Name	Chairman/Member	Category
1.	Ashok Jain	Chairman	Independent Director
2.	Vishal Thakkar	Member	Executive Director
3.	Bhavika Thakkar	Member	Non -Executive Director

During the Financial year ended March 31, 2024, One (1) Meeting of the Stakeholder
Relationship Committee were held on 02.01.2024.

Sr. No.	Name	Number of Meetings during the financial year ended 2023-2024
		Entitled to Attend	Attended
1.	Bhavika Thakkar	1	1
2.	Vishal Thakkar	1	1
3.	Ashok Jain	1	1

The committee has the following roles and responsibilities:

1) Resolve the grievances of security holders.

2) Monitors and reviews the performance and service standards of the Registrar and Share
Transfer Agents of the Company

3) Provides continuous guidance to improve the service levels for investor.

26. AUDITORS AND THEIR REPORT

â¢ Statutory Auditors

M/s. Kanu Doshi and Associates LLP, Chartered Accountants (ICAI Firm Registration
No.104746W/W100096), were appointed as Statutory Auditors of the Company for a period of
five years until the conclusion of AGM to be held in the year 2027. M/s. Kanu Doshi Associates
LLP, Chartered Accountant had tendered resignation via dated 14^th February, 2024. M/s. NK Jalan
& Co., Chartered Accountant), have been appointed as Statutory Auditor of the Company
through postal ballot passed as on 09^thJune, 2024 under casual vacancy on account of the said
resignation, to hold office till the upcmong AGM. The Board considers and proposes to the
shareholders for appointment of M/s. NK Jalan & Co. Statutory Auditor, for a term of of 5 (Five)
consecutive year commencing from the conclusion of this Annual General Meeting till the
conclusion of the 71^st Annual General Meeting of the Company to be held in the year 2029.

â¢ Statutory Auditor''s Report

With respect to the comments mentioned by the Auditors, with regards to loans advanced
amounting to Rs. 338 lacs for which the Company has not complied with the provisions of Section
186 of the Companies Act, 2023 for obtaining prior approval by means of special resolution from
shareholders. The Company has recognized the cealing and sought approval from shareholders
through postal ballot deemed to be recorded on June 09, 2024. Comments of the Auditors w.r.t
Company having Financial activity as principal business, the Board doesn''t accept the said
comment as the Company has during the year, initiated transition of operations to new line of
business i.e.; trading in agricultural goods (as authorized by the Memorandum of Association) and
is still under pre-operational stage. The situation caused on account of the above transition has
led to the Company having Financial activity as principal business for the reporting year/ quarter.

Comments mentioned by the auditors in their report is self-explanatory and doesn''t call for
further explanation.

â¢ Secretarial Auditor Report

The Board of Directors have appointed M/s Rachana Maru Furia and Associates., Company
Secretaries as Secretarial Auditor to conduct Secretarial Audit of the Company for Financial Year
2023-2024 as required under section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014.

â¢ Secretarial Audit Report:

The Report provided by the Secretarial Auditor is annexed herewith forming part of this Board
report as Annexure I. With respect to the comments mentioned therein about composition of
committees, we would like to state that the Company has faced huge challenges in onboarding
Independent Director and has already aligned with the compliance requirement by appointing
Mr. Jaynish Kothari as Non-executive Independent Director. Rest fo the Comments mentioned by
the auditors in their report is self-explanatory and doesn''t call for further explanation. The
Company endeavors to strive better to reach the status of total compliances.

â¢ Cost Auditor

Appointment of cost auditors is not applicable to company

27. The conservation of energy, technology absorption, foreign exchange earnings and outgo:

a) CONSERVATION OF ENERGY

(i) the steps taken or impact on conservation of energy: Considering the nature of operations, the
Company has limited scope for undertaking energy conservation exercises, but nevertheless
continues to emphasize work practices that result in conservation of energy.

(ii) the steps taken by the company for utilising alternate sources of energy: Nil

(iii) the capital investment on energy conservation equipments: Nil

b) TECHNOLOGY ABSORPTION

(i) the efforts made towards technology absorption;

(ii) the benefits derived like product improvement, cost reduction, product development or
import substitution;

(iii) in case of imported technology (imported during the last three years reckoned from the
beginning of the financial year)-

(a) the details of technology imported;

(b) the year of import;

(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof;
and

(iv) the expenditure incurred on Research and Development.

c) FOREIGN EXCHANGE EARNINGS AND OUTGO

During the financial year 2023-2024 there is Foreign exchange earnings and Outgo.

28. MANAGEMENT DISCUSSION AND ANALYSIS

A separate section on Management Discussion and Analysis report (MD&A) is included in the
Annual Report as required under Regulation 34(2)(e) of the Listing regulations.

29. PARTICULARS OF EMPLOYEES

The information required under Section 197 of the Act read with Rule 5(1) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 are in Annexure II

30. FOLLOWING MATTERS WERE NOT APPLICABLE TO THE COMPANY FOR THE FINANCIAL
YEAR ENDED MARCH 31, 2024 AND THUS NO COMMENTS ARE REQUIRED BY THE BOARD
OF DIRECTORS ON THE SAME:

Details of Voting Rights not exercised by the employees u/s 67(3)(c) of Companies Act, 2013 r.w.
Rule 16(4) of Companies (Share Capital and Debentures) Rules, 2014.

Disclosure about issue of equity shares with Differential Rights as per Rule 4(4) of Companies
(Share Capital and Debentures) Rules, 2014.

CSR provisions u/s 135 of Companies Act, 2013.

Maintenance of cost records as specified by the Central Government under sub-section (1) of
section 148 of the Companies Act, 2013

31. SIGNIFICANT AND MATERIAL ORDERS PASSED BY REGULATORS OR COURT

No significant and material order has been passed by the regulators, courts, tribunals impacting
the going concern status and Company''s operations in future.

32. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION-
PROHIBITION AND REPRESSED ACT 2013.

33. STATEMENT ON COMPLIANCES OF SECRETARIAL STANDARDS

The Board of Directors have complied with applicable Secretarial Standards as specified u/s 118 of
the Companies Act, 2013.

34. ANNUAL RETURN

Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return of the Company
is available on the website of the Company at https://www.inlinch.com.

35. CORPORATE GOVERNANCE REPORT

Regulations 17 to 27 and Clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C,
D, and E of Schedule V of the SEBI (LODR) Regulations, 2015 are not applicable to the Company as
the paid up Share Capital of the Company is less than 10 Crores and its Net Worth does not
exceed 25 Crores as on the last day of previous financial year. Hence, the Corporate Governance
Report is not included in this Report.

36. UNCLAIMED DIVIDEND AND UNCLAIMED SHARES

During the period under review there is no unpaid/ unclaimed Dividend and the shares required to
be transferred to the Investor Education & Protection Fund.

37. BUSINESS RESPONSIBILITY REPORT

38. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY,
EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT
DIRECTORS APPOINTED DURING THE YEAR:

39. LISTING WITH STOCK EXCHANGE

The Company''s Equity Shares are listed at BSE Limited with script code 504746. The Company
confirms that it has paid the Annual Listing Fees for the year 2022-2023 and 2023-2024 to BSE
where the Company''s Shares are listed.

40. SECRETARIAL STANDARDS

41. ACKNOWLEDGEMENTS

For The Indian Link Chain Manufacturers Limited

Sd/- Sd/-

Vishal Thakkar Bhavika Thakkar

Place: Mumbai Managing Director Director

Date: 14^th August, 2024 DIN: 09798551 DIN: 09854905

Mar 31, 2015

Dear Members,

We present our 57th Annual Report together with the Audited Financial Accounts for the year ended March 31,2015:

1. During the year trading turnover has grown marginally. In view of the general economic condition trading activity could not be expanded to any significant level due to negligible margins. Earning per share are not comparable to last year due to onetime capital gain in last year.

2. a) The Company has four Directors out of which two are non retiring Independent Director and one is Managing Director not liable to retirement. The Fourth Director Smt. Vandana Nevatia (DIN NO07123272) was appointed by The Board as Additional Director(Promoter)of the company with effect from 30 March2015 and she holds office till the ensuing Annual General Meeting.The ordinary Resolution for confirmation of her appointment as a Director is given in the notice. There are no Directors who retire this year.

b) P.K.Nevatia Managing Director is the Key Managerial Person

3. Declaration by Independent Directors : The Independent Directors have submitted the Declaration of Independence, as required pursuant to section 149 (7) of the Companies Act, 2013 stating that they meet the criteria of Independence as provided in sub-section (6).

4. Auditors

A) Statutory Auditor: Pursuant to the provisions of Section 139 of the Companies Act, 2013 and the Rules made there under, the auditors of the Company, M/s. M.L. Bhuwania & Co., Chartered Accountants, Mumbai were appointed by the Shareholders for three years terms at the 56th Annual General Meeting to hold office until the conclusion of the 59th Annual general Meeting, subject to ratification by the shareholders at each Annual General Meeting.

B) Secretarial Auditor: Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the rule made there under, the Company has appointed Shri. Shiv Hari JALAN, Practicing Company Secretary firm to undertake the secretarial Audit of the Company. The Report of the Secretarial Audit Report is annexed herewith as "Annexure A".

C) Significant and Material orders passed by the Regulators or Court: During the year in review, there were no significant and material orders passed by the Regulators or Courts or Tribunals, which may impact the going concern status of the Company and its operations in future.

5. Material Changes & Commitments: There have been no material changes and commitments, affecting the financial position of the company, which have occurred between the end of the financial year of the company and the date of this report.

6. Adequacy of Internal Financial Control: Internal financial controls with reference to the financial statements were adequate and operating effectively.

7. Presentation of Financial results : The financial results of the Company for the year ended 31 March 2015 have been disclosed as per Schedule 111 to the Companies Act, 2013.

8. Risk Management: The Company has no employees and is engaged in trading activity. The risk in trading in sudden changes in price and loss on Stocks.. The companies tries not to keep stocks and purchase against firm orders. The company keeps watch on any risk factors arising.

9. Provision of Sec 134 & 135 of companies Act regarding corporate social responsible do not apply to the company.

10. Provision of clause 49 of the listing agreement with stock exchange are not applicable to the company.

11. Vigil Mechanism-The company has no employees other than managing Director.

12. The Board has on the recommendation of the Nomination & Remuneration committee formed a policy for selection & appointment of Directors and their Remuneration.

13. There are no employers covered by sec 197 read with rule 5 of companies (Appointment and remuneration of manager of persons) Rule 2014. As the managing Director is to only employees of the company no evaluation under the company Act 2013 is possible.

14. Director's responsibility Statement

As required under section 134(3)(C) of Companies Act, 203 Directors, to the best of their knowledge and belief, state that-

a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

b) The Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the company at the end of the financial 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 adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets 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 by the company and that such internal financial controls are adequate and were operating effectively; and

f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

15. Particulars of Loans, Guarantees or Investments There are no Loans, Guarantees and Investments, covered under the provisions of Section 186 of the Companies Act, 2013.

16. Number of Meeting of the Board and Audit Committee : During the year Board Meeting were held on 29/May/2014. 4/Aug/2014 , 14/Nov/2014, 30/Jan/2015 and 30/March/2015.and Audit committee held on 14/Nov/2014 and 30/Jan/2015. The Independent Directors have met once during the year on 30th March 2015, The directors have evaluated own performance and its committees and individual directors and found it satisfactory to meet the requirement of the company.

17. Details of related party transaction form parts of the accounts and details are in note no.23 annexed to the Balance Sheet.

18. As there no women employees there is no need to have policy on redressal of sexual Harassment for the company.

19. As the company has no mfg activity conservation of energy, technical absorption and foreign exchange details are not given in the report..

20. Extract of Annual Return: The details forming part of the extract of the Annual Return in form MGT 9 is annexed herewith as "Annexure B".

21. As regards note of the company secretary is their report about not filing of MG10 with the Registrar of companies the error is noted and the reports are being filed.

Place: Mumbai By order of the board of directors

Date :27.05.2015 P.K. Nevatia Managing director (DIN No. 00852581)

Mar 31, 2014

DEAR SHAREHOLDERS,

Your Directors present the Annual Report and Audited Accounts for the year ended on 31s'' march 2014

1 RAJESH poddar and Shri Anil Thard a Director are being appointed as independent Director for a period of 5 years as provision by section 149 of the Company.s Act 2013.

2 During the year company sold its flat to un lock value which has resulted in exceptional gain of Rs 474.40 lacs. The operation in the period have resulted in surplus of Rs 2.91 lacs as against Rs 11.05 lacs in the lat year.

3 During the year an amount of Rs 20.42 lacs shown as liabilities for capital incentive in the previous year has been transferred to the Reserve as the Govt, of Maharashtra has certified that the amount is not payable by the company.

4 Efforts to generate revenue by increase of trading operation have not been successful your our directors are aware of the need to increase trading activities and are exploring all avenues possible.

5 As stipulated in Section 217 (2AA) of the Companies Act, 1956 your Directors subscribe to the "Directors" Responsibility "Statement" and Confirm as under:

(i) That in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

(ii) That the directors have selected such accounting policies and applied them consistently and made judgements and estimates that are reasonable and prudent so as to give a true and fair state of affairs of the company at the end of the financial year and the profit and loss account of the company for the period.

(iii) That the directors have taken proper and sufficient care of the maintenance of adequate account records in accordance with the provisions of this act for safeguarding the assets of the company and preventing and detecting fraud and other irregularities.

(iv) The Directors have prepared the annual accounts on going concern basis.

6 As required under Section 383 A of the companies act certificate of compliance with the provision of the Act from Secretary in whole time practice is attached here with

7 M/S. M.LBhuwania & Co. Chartered Accountants, auditors of the Company, retire but are eligible for re-appointment and have furnished to the company, certificate for their eligibility, for their re-appointment. The Directors recommend their reappointment upto the conslusion of 57th annual General Meeting to be held in 2017 (subject to rectification of appointment in every Annual General Meeting as Auditors to the Company.

8 Observation made by the Auditors in their report is self explanatory.

P K Nevatias Place: MUMBAI (Managing Director)

Rajesh Poddar Date: 29.05.2014 (Director)

Anil Thard (Director)

Mar 31, 2013

Dear Shareholders,

The Directors present the Annual Report arid Audited Accounts for the year ended on 31 st March 2013.

1. Shri Rajesh Poddar a Director retires by rotation but offers himself for re-election.

2. During''the year assignment of land at Tarapur was cbmpleted and has resulted in exceptional gain of Rs 153.53.lacs The operational income stands at Rs11.05 lacs as against Rs. 8.53 lacs in previous year. Profit for the year is Rs 90.20 lacsafter providing for tax liabilities against Rs. 5.94 lacs in previous year.

3. Trading operation started last year have not been encouraging and therefore it was felt we should wait for better opportunity. The Directors will examine other Proposals. -

4. Appeal against the demand for escaped custom duty is pending before the authorizes.

5. As required under Section 383 A of the companies act certificate of compliance with the provision of the Act from Secretary in whole time practice is attached here with ''

6. M/S. M.L.Bhuwania & Co. Chartered Accountants, auditors of the Company, retire but are eligible for re-appointment, and have furnished to the company, certificate for their eligibility, for their re-appointment. The Directors recommend their reappointment for the year 2013-2014 as Auditors of the company.

7. Observation made by the Auditors in their report is self explanatory.

P. K. Nevatia

Place: Mumbai (Managing Director)

Dated: 27th May, 2013 Anil Thard

(Director)

Mar 31, 2012

The Directors present the Annual Report and Audited Accounts for the year ended on 31st March 2012.

1. At the outset the Directors regret to report passing away of Shri S V. Muzumdar, a Director who joined the Board on 01.09.1966. He passed away on 3rd May 2012. The Directors express deep sorrow on his passing away and record the appreciation of the directions, advise and guidance to the Company.

2. Shri Rajesh Poddar and Shri Anil Thard were appointed as additional Directors during the year and therefore retire on the day of the Annual General Meeting. Being eligible they offer themselves for being appointed as Directors. The Directors recommend their re-appointment.

3. The financial results show a small surplus of Rs.5.94 Lacs for the year. During the year the Company started trading but due to market conditions the margins and volume were low. This may improve during the current year.

4. A MOU was entered into for sale of Residential property at MIDC Tarapur. Permission from MIDC is received during the current year and the final Assignment of lease is expected to be signed shortly.

5. As reported in the Accounts a demand for escaped customs duty of Rs.75.50 Lacs was raised for import of sulphur for earlier years against a show cause notice issued in earlier. An appeal has been filed against the order before the Commissioner of Customs, Alibagh. Part provision for the demand was made in earlier year.

6. As required under Section 383A of the Companies Act a certificate of compliance with the provision of the Act from a Secretary in whole time practice is attached herewith.

7. M/s. M.L. Bhuwania & Co., Chartered Accountants, Auditors of the Company, retire, but are eligible for re-appointment and have furnished to the Company Certificate for their eligibility, for their re-appointment. The Directors recommend their reappointment for the year 2012-13 as Auditors of the Company.

8. Observations made by the Auditors in their report are self explanatory.

Shri P. K. Nevatia (Managing Director)

Shri Rajesh Poddar (Director)

Place: Mumbai Dated: 25th May, 2012

Mar 31, 2011

Dear Shareholders,

The Directors present the Annual Report and Audited Accounts for the year ended on 31st March 2011.

1. The financial results show a loss of Rs.6.36 Lacs.

2. The Developer, who had entered into MOU for the transfer of land at Tarapur could not complete the formalities of the authorities and therefore a fresh agreement was entered into for Rs. 1.65 Crores . The work on getting the permission is in hand and as soon as this is obtained the transfer of the land will be completed. In the meanwhile full consideration of Rs. 1.65 Crores has been received by the Company.

3. The demand raised by the Customs is pending. No hearing against our representation has taken place. The Directors are hopeful that this will be decided in favour of the Company.

4. As stipulated in Section 217 (2AA) of the Companies Act, 1956 your Directors subscribe to the "Directors' Responsibility Statement" and Confirm as under:

i) that in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

ii) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair state of affairs of the company at the end of the financial year and the profit and loss account of the company for the period;

iii) that the directors have taken proper and sufficient care of the maintenance of adequate account records in accordance with the provisions of this act for safeguarding the 'assets of the company and preventing and detecting fraud and other irregularities;

iv) the directors have prepared the annual accounts on going concern basis.

5. Shri S. V. Muzumdar, Director of the Company retires by rotation but being eligible offers himself for reelection.

6. As required under Section 383A of the Companies Act a certificate of compliance with the provision of the Act from a Secretary in whole time practice is attached herewith.

7. M/s. ML. Bhuwania & Co., Chartered Accountants, Auditors of the Company, retires, but are eligible for re-appointment and have furnished to the Company Certificate for their eligibility, for their re-appointment. The Directors recommend their reappointment for the year 2011-12 as Auditors of the Company.

8. The Directors refer to the Notes of the Statutory Auditors and of the Company Secretary in their reports as regards deposits with Mahindra & Mahindra Financial Services Ltd. The Directors regret that by oversight the provisions of Section 372A of the Companies Act 1956 were not complied with in advance. Mahindra & Mahindra Financial Services Ltd. is a reputed company and amount deposited is expected to be returned to the company on maturity in Sep. /Oct. 2011. However, in order to regularize the matter approval of shareholders is being obtained thru postal ballots, notice for which is being sent to the shareholders soon.

9. Other observations of the Auditors are self explanatory.

P.K.Nevatia

Place: Mumbai Dated: 31.05.2011 Vidhu Nevatia

Mar 31, 2010

The Directors present the Annual Report and Audited Accounts for the year ended on 31st March 2010.

1. The financial results show a small surplus of Rs. 0.13 Lacs.

2. During the year the Company has received a refund of Rs.54.93 Lacs from MIDC for excess water charges levied for earlier years.

3. A Memorandum of Undertaking has been signed with a Reputed developer for the transfer of lease hold rights of the residential land held by the Company at MIDC Tarapur for an amount of Rs.1.45 Crores. It is hoped that the final transfer and payment will be received shortly.

4. Assistant Collector of Customs has raised a demand of Rs.1.46 Cores for Custom duty on import of Sulphur for the Chemical Division for earlier years. This is being contested but as an abundant caution 25% of the amount has been provided in the Accounts during the year.

5. Trading in the shares of the Company was suspended by the Bombay Stock Exchange due to some irregularities. The company has now satisfied the authorities and suspension has been revoked w.e.f.14th, May 2010. Shareholders will take advantage of this by trading in the shares of the Company.

6. As stipulated in Section 217 (2AA) of the Companies Act, 1956 your Directors subscribe to the ÃDirectorsÃ Responsibility StatementÃ and Confirm as under :

i) that in preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

ii) that the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair state of affairs of the company at the end of the financial year and the profit and loss account of the company for the period;

iii) that the directors have taken proper and sufficient care of the maintenance of adequate account records in accordance with the provisions of this act for safeguarding the assets of the company and preventing and detecting fraud and other irregularities;

iv) the directors have prepared the annual accounts on going concern basis.

7. Shri Vidhu Nevatia, Director of the Company retires by rotation but being eligible offers himself for reelection.

8. As required under Section 383A of the Companies Act a certificate of compliance with the provision of the Act from a Secretary in whole practice is attached herewith.

9. M/s. M.L. Bhuwania & Co., Auditors of the Company, retire, but are eligible for re-appointment and have furnished to the Company Certificate for their eligibility, for their re-appointment. The Directors recommend their reappointment for the year 2010-11 as Auditors of the Company.

10. Observations made by the Auditors in their report are self explainatory.

Shri P.K. Nevatia

Place: Mumbai

Dated: 30th May, 2010 Shri Vidhu Nevatia

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IFSC Code
Currency

Directors Report of Indian Link Chain Manufacturer Ltd.

FINANCIAL HIGHLIGHTS

1. FINANCIAL RESULTS

2. STATE OF COMPANY''S AFFAIRS

3. CHANGE IN NATURE OF BUSINESS, IF ANY

4. SHARE CAPITAL

5. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THECOMPANY

6. DIVIDEND

7. TRANSFER TO RESERVE

8. BOARD MEETING AND COMMITTEES

9. DIRECTORS'' RESPONSIBILITY STATEMENT

10. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OFSECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT

11. DIRECTORS AND KEY MANAGERIAL PERSONNEL

12. DECLARATION FROM INDEPENDENT DIRECTORS

13. EXPLANATIONS OR COMMENTS BY THE BOARD ON EVERY QUALIFICATION, RESERVATION ORADVERSE REMARK OR DISCLAIMER MADE

Management''s Response:

14. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

15. RISK MANAGEMENT

16. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTION 186 OF THECOMPANIES ACT 2013

17. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

18. STATEMENT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.

19. OTHER MATTERS AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES, 2014

20. BORROWINGS FROM DIRECTORS

21. BOARD EVALUATION

22. POLICY ON DIRECTORS'' APPOINTMENT AND REMUNERATION AND OTHER DETAILS

23. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES

24. AUDIT COMMITTEE

25. NOMINATION AND REMUNERATION COMMITTEE

The Committee reviews following matters:

26. STAKEHOLDER RELATIONSHIP COMMITTEE

The committee has the following roles and responsibilities:

27. AUDITORS AND THEIR REPORT

â¢ Statutory Auditors

â¢ Secretarial Auditor

â¢ Cost Auditor

28. THE CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGEEARNINGS AND OUTGO:

a) CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPTION:

b) FOREIGN EXCHANGE EARNINGS AND OUTGO

29. PARTICULARS OF EMPLOYEES

30. MANAGEMENT DISCUSSION AND ANALYSIS

32. SIGNIFICANT AND MATERIAL ORDER PASSED BY REGULATORS OR COURT

33. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION,PROHIBITION AND REPRESSED ACT 2013.

34. STATEMENT BY THE COMPANY WITH RESPECT TO THE COMPLIANCE OF PROVISIONSRELATING TO THE MATERNITY BENEFITS ACT, 1961

35. STATEMENT ON COMPLIANCES OF SECRETARIAL STANDARDS

36. ANNUAL RETURN

37. CORPORATE GOVERNANCE REPORT

38. UNCLAIMED DIVIDEND AND UNCLAIMED SHARES

39. BUSINESS RESPONSIBILITY REPORT

41. LISTING WITH STOCK EXCHANGE

42. SECRETARIAL STANDARDS

43. THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THEINSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR.

ACKNOWLEDGEMENTS

For The Indian Link Chain Manufacturers Limited

Vishal Thakkar Bhavika Thakkar

Place: Mumbai Managing Director Director

FINANCIAL HIGHLIGHTS

1. FINANCIAL RESULTS

2. STATE OF COMPANY''S AFFAIRS

3. CHANGE IN NATURE OF BUSINESS, IF ANY

4. SHARE CAPITAL

5. DIVIDEND

6. TRANSFER TO RESERVE

7. NUMBER OF MEETINGS OF THE BOARD

8. DIRECTORS'' RESPONSIBILITY STATEMENT

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL

? APPOINTMENTS:

? CESSASIONS:

? UPCOMING APPOINTMENTS AT THE AGM

11. BOARD INDEPENDENCE

12. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

13. RISK MANAGEMENT

14. PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTION 186 OF THECOMPANIES ACT 2013

15. CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES

16. STATEMENT ON PERFORMANCE OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES.

17. OTHER MATTERS AS PER RULE 8(5) OF COMPANIES (ACCOUNTS) RULES, 2014

18. BORROWINGS FROM DIRECTORS

19. BOARD EVALUATION

20. POLICY ON DIRECTORS'' APPOINTMENT AND REMUNERATION AND OTHER DETAILS

21. ORDERS PASSED BY REGULATORY AUTHORITY

22. VIGIL MECHANISM FOR DIRECTORS AND EMPLOYEES

5. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY

10. DETAILS IN RESPECT OF FRAUDS REPORTED BY AUDITORS UNDER SUB-SECTION (12) OF
SECTION 143 OTHER THAN THOSE WHICH ARE REPORTABLE TO THE CENTRAL GOVERNMENT

13. EXPLANATIONS OR COMMENTS BY THE BOARD ON EVERY QUALIFICATION, RESERVATION OR
ADVERSE REMARK OR DISCLAIMER MADE

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

â¢ Statutory Auditors

â¢ Secretarial Auditor

â¢ Cost Auditor

28. THE CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO:

33. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REPRESSED ACT 2013.

34. STATEMENT BY THE COMPANY WITH RESPECT TO THE COMPLIANCE OF PROVISIONS
RELATING TO THE MATERNITY BENEFITS ACT, 1961

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

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

â¢ Statutory Auditors

â¢ Statutory Auditor''s Report

â¢ Secretarial Auditor Report

â¢ Secretarial Audit Report:

â¢ Cost Auditor

32. REPORT ON THE SEXUAL HARRESSMENT OF WOMEN AT WORKPLACE (PREVENTION-
PROHIBITION AND REPRESSED ACT 2013.

38. STATEMENT REGARDING OPINION OF THE BOARD WITH REGARD TO INTEGRITY,
EXPERTISE AND EXPERIENCE (INCLUDING THE PROFICIENCY) OF THE INDEPENDENT
DIRECTORS APPOINTED DURING THE YEAR: