Directors Report of Shricon Industries Ltd.

Mar 31, 2024

The Directors have pleasure in presenting their 38th Annual Report together with Audited Statement of Accounts for the year ended on 31st March, 2024.

1. Operations and State of Affairs of the Company:

The detailed financial statement of the Company for the financial year 2023-24 is attached with this report. However, the performance of the Company for the financial year ended on 31st March, 2024 is summarized below:

	Year ended	Year ended
Particulars	31.03.2024	31.03.2023
	(in Lacs)	(in Lacs)
Income (Gross)	154.58	170.24
Expenditure	67.50	49.27
Profit/(Loss) before Exceptional and extraordinary Items and tax	87.08	120.97
Less:- Tax Expense	0.02	0.02
Profit/ (Loss) after Tax	87.06	120.95

During the Financial Year 2023-24 there is Revenue of Rs. 57.42 Lacs from operation. The Company has other income of Rs. 154.58/- Lacs during the financial year 2023-24 as compared to previous financial year 2022-23 of Rs. 170.24/- Lacs. During tine year, Company has Profit after tax of Rs. 87.08/- Lacs.

2. Share Capital

The paid-up Equity Share Capital as at March 31, 2024 stood at Rs. 124 Lacs. There was no change in the paid-up share capital during the year under review.

3. Dividend and Reserves

The company has not declared any Dividend during the financial year 2023-24. During the year under review, the Company has not transferred any amount to any of the reserves maintained by the Company.

4. Material changes and commitments, if any, affecting the financial position of the Company which have occurred betw een the end of the financial year of the Company to w hich the financial statements relate and the date of the report

There are no material changes and commitments affecting the financial position of the company between the end of financial year and the date of report.

5. Consolidated Financial Statements and Cash Flow Statement

Your Company is not required to consolidate financial statements therefore Accounting Standard 21 issued by the Institute of Chartered Accountants of India not applicable.

Section 129(3) read with Rule 5 of Companies (Accounts) Rules, 2014 is not applicable on your Company.

As stipulated by Clause 32 of the Listing Agreement, Cash flow statement for the financial year ended March 31, 2024 were prepared by the Company in accordance with applicable Accounting Standards issued by the Institute of Chartered Accountants of India and the same together with the Auditor''s Report thereof form part of the Annual Report.

6. Subsidiary Companies

During the year, the Company has no subsidiary Company therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

7. Financial Position and Performance of Subsidiaries, Joint Ventures and Associates

During the year, the Company has no subsidiary Company and Joint Ventures and Associates therefore there is need not to submit any information and documents pertaining to subsidiary company under the Companies Act, 2013 and Listing Regulation.

S. Directors'' Responsibility’ Statement

Pursuant to the requirements of Section 134 of the Companies Act, 2013 and to the best of their knowledge & belief and according to the information and explanations obtained, your Directors state that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed and proper explanations provided relating to material departures, if any;

b) such accounting policies have been selected and applied consistently andjudgments and estimates made 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 of the Company for that period;

c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the annual accounts have been prepared on a going concern basis;

e) requisite internal financial controls were laid down and that financial control are adequate and are operating effectively; and

f) Proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

9. Internal Control System and their adequacy

The Company has proper and adequate internal control systems, which ensure that all assets are safeguarded against loss from unauthorized use and all transactions are authorized, recorded and reported correctly. The Management continuously reviews the internal control systems and procedures

to ensure orderly and efficient conduct of business. Internal audits are regularly conducted, using external and internal resources to monitor the effectiveness of internal controls.

10. Details of Board Meetings

During the year under review, the Board met Eight times viz. on May 20, 2023, July 11, 2023, August 10, 2023, September 12, 2023, November 07, 2023, February 02, 2023 March 02^nd, 2024 and March 30^lh, 2024. The necessary quorum was present during all the meetings. The Notice along with Agenda of each Board Meetings were given to each Director of the Company.

The intervening gap of the board meetings were within the period as prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

All the recommendations made by the Audit Committee were accepted by the Board of Directors at their respective meetings.

Pursuant to the requirements of Schedule TV to the Companies Act, 2013 and Listing Regulations, a separate Meeting of the Independent Directors of the Company was held on February 02, 2024.

Your company’s Board of Directors have constituted the following committees:

a) Audit Committee;

b) Nomination and Remuneration Committee;

c) Stakeholder Relationship Committee;

During the year Annual General Meeting was held on June 19, 2023.

11. Directors and Key Managerial Personnel

As per provision of Section 152(6) of the Act, Mrs. Ncclima Mahcshwari (DIN 00194928), NonExecutive Director, retires by rotation at the ensuing AGM and, being eligible, offers herself for reappointment.

Mr. Inder Prakash Jain (DIN: 00229945) and Mr. Govind Nuwal (DIN: 05162530) has completed their term as Independent Directors as on March 31^st, 2024.

The Board on the recommendation of NRC and in accordance with provisions of the Act and SEBI Listing Regulations:

• The Company has Appointed Mr. Rahul Rohira (DIN: 10555348) and Mr. Manish Gupta (DIN: 10555347) as an Additional and Non-Executive Independent Director on the Board for a tenure of 5 years from March 30^th, 2024 to March 29% 2029 (both days inclusive), subject to approval of Members at this AGM. He shall hold office as Additional Director upto the date of this AGM and is eligible for appointment as an Independent Director.

• Mrs. Neha arvind, Company Secretary & Compliance Officer has resigned with effect from 29^lh June 2023.

• Ms. Deeksha Dugar appointed as Company secretary & Compliance Officer with effect from 11^lh July 2023 and has resigned with effect from 05^,h December, 2023.

• Ms. Bhavika Sharma appointed as Company secretary & Compliance Officer with effect from 2^nd March, 2024.

The disclosures required pursuant to Regulation 36 of the SEBI Listing Regulations and the Secretarial Standards (‘SS’)- 2 on General Meetings are given in the Notice of AGM, forming part of the Annual Report.

12. Declaration by Independent Directors

Your Company has received declarations from all the Independent Directors confirming that they meet the criteria of Independence as prescribed under the provisions of the Companies Act, 2013 read with the schedules and Rules issued there under as well as Regulation 16( 1 )(b) of Listing Regulations (including any statutory modification(s) or re-enactment(s) for the time being in force). The details of programs for familiarization of Independent Directors with the Company, their roles, rights, responsibility in the Company, nature of the industry in which the Company operates and other related matters are put on the website of the Company at the link: www.shricon.in

13. Key Managerial Personnel

The following employees were designated as whole-time key managerial personnel by the Board of Directors during the year under review:

1. Mr. Manoj Jain as Chief Executive Officer (CEO),

2. Mr. Piyush Gupta as Chief Financial Officer (CFO) of the Company,

3. Mrs. Neha Arvind up to 29^th June 2023, Ms. Deeksha Dugar for a period from 11^th July 2023 till 05^,h December, 2023 and Ms. Bhavika Sharma as Company Secretary w.e.f. 02^nd March, 2024.

14. Auditors and Auditors'' Report

M/s. Kalani & Company, Chartered Accountants (ICAI Firm Registration No. 000722C), was appointed as Statutory Auditor of the Company by the members at their AGM held on 24th September, 2022 for a period of 5 years to hold office from the conclusion of the said AGM until the conclusion of the AGM of the Company to be held in calendar year 2027. M/s. Kalani & Company, Chartered Accountants has resigned on 12th August, 2023 before completion of its term, from the position of Statutory Auditors due to inadequate amount of Audit Fees. The Audit Committee and Board of Directors of the Company aligned with the reasons stated in the resignation letter received from the Auditors. The resignation of M/s. Kalani & Company, before completion of its term as auditor caused a casual vacancy in the office of Statutory Auditors as per the provisions of section 139(8) of the Companies Act, 2013 and casual vacancy so caused by the resignation of auditors which was filled by M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) by passing of resolution through postal ballot w.e.f. December 9th, 2023 to hold office up to the conclusion of this Annual General Meeting of the Company.

M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) proposed to lie appointed for their first term of 5 years for auditing as a Statutory Auditor of the Company from financial year 2023 till end of the Financial year 2028 (till the conclusion of the 42nd Annual General Meeting of the Company to be held in year 2028) at such remuneration as may be mutually agreed to, between the Board of Directors and the Auditors.

M/s. R S Dani & Co., Chartered Accountants (ICAI Firm Registration No. 000243C) have experience in various types of audits including Statutory Audits, Internal Audits, Stock Audits, Due Diligence and Investigation audits. They have experience in auditing different kinds of entities including Large Corporates, Small and medium sized entitles, Multi locational entities etc. The Audit Firm has valid Peer Review certificate. The Board proposes and recommends the aforesaid resolution for your approval.

The Statutory Auditors'' Report forms part of the Annual Report. The Statutory Auditor''s report does not contain any qualification, reservation or adverse remark for the year under review. There was no

instance of fraud during the year under review, which required the Statutory Auditors to report to the Audit Committee and / or Board under Section 143(12) of Act and Rules framed thereunder.

15. Cost Audit

The Company is not required to conduct cost audit during the financial year 2023-24.

16. Secretarial Audit

Pursuant to Section 204 of the Companies Act, 2013 read with Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Company had appointed M/s. Bharat Rathore & Associates, Practicing Company Secretaries, Kota as Secretarial Auditor of the Company for the Year 2024-25.

In accordance with the Section 204 of the Act, M/s. Bharat Rathore & Associates, have submitted their Secretarial Audit report in prescribed format and the same has been attached at Annexure-A. The report so submitted is self-explanatory and does not call for any further explanation(s) / comment(s).

The Board of Directors appointed M/s. Bharat Rathore & Associates, Practising Company Secretaries, to conduct Secretarial Audit for the financial year 2024-25.

The Secretarial Audit Report of M/s. Bharat Rathore & Associates, Practising Company Secretaries for the financial year ended 2023-24, is annexed as Annexure A.

The Secretarial Audit Report does not contain any qualification, reservation or adverse remark.

During the year under review, tire Company has complied with all the applicable provisions of the Secretarial Standards issued by the Institute of Company Secretaries of India.

17. Particulars of I^oans, Guarantees or Investment

Details of loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes forming part of the financial statements.

18. Particulars of Contract or arrangement with Related Parties

All related party transactions (RPTs) which were entered into during the financial year were on arm’s length basis and did not attract provision of Section 188 of the Companies Act, 2013. There were material transaction entered with related parties, during the year under review, which have been disclosed in Form AOC-2 as an Annexure-2. All transactions (if any) covered under Related Party Transactions are regularly/periodically ratified and/or approved by the Board/Audit Committee.

The Related Party Transaction Policy as approved by the Board is uploaded on the Company’s website at the web link: http://www.shricon.in.

All the related party transactions are entered into at ami’s length in the ordinary course of business and are in compliance with the applicable provisions of the Act and the Listing Regulation and there are no materia] significant related party transactions made by the Company with Promoters, Directors or Key Managerial Personnel etc. which may have a potential conflict with the interests of the Company FORM AOC-2 has been attached with this Directors Report.

19. Particulars of Employees

The information required under Section 197(12) of the Companies Act, 2013 read with the Companies!Appointment and Remuneration of Managerial Personnel) Rules, 2014, as amended, the name and other particulars of employees are to be set out in the Directors’ Report as an addendum or annexure thereto.

However, in line with the provisions of Section 136(1) of the Act, the Report and Accounts as set out therein, me being sent to all Members of your Company and others entitled thereto, excluding the aforesaid information about the employees. Any Member who is interested in obtaining these particulars may write to the Compliance Officer at the Registered Office of the Company.

None of the employee listed in the said Annexure is a relative of any director of the Company. None of the employee holds (by himself or along w''ith his spouse and dependent Children) more than two percent of the Equity shares of the Company.

20. Energy Conservation, Technology Absorption and Foreign Exchange Earnings and Outgo

Consider the business activities of the Company the requirement relating to providing the particulars relating to conservation of energy and technology absorption stipulated in Rule 8 of the Companies (Accounts) Rules 2014 required to be furnished u/s.134 (3)(m) of the Companies Act, 2013 are as follows:

Conservation of Energy:
i	Steps taken or impact on conservation of energy		NA
ii	Steps taken by the Company for utilizing alternate source of energy		NA
iii	Capital investment on energy conservation equipment’s		NA
Technolc	>gy absorption:
i	Efforts made tow''ards technology absorption		NA
ii	Benefits derived like product improvement, cost reduction, production development or import substitution		NA
iii	In case of imported technology (imported during last three financial Years reckoned from the beginning of the financial year)		NA
	a) The details of technology imported		NA
	b) The year of import		NA
	c) Whether the technology has been fully absorbed		NA
	d) If not fully absorbed, areas where absorption has not taken place and the reasons thereof.		NA
iv	The expenditure incurred on Research and Development		NA
Foreign Earnings & Outgo
Sr. No.	Particulars	2023-2024	2022-2023
A	Total Earning for Foreign Exchange	NIL	NIL
1	FOB Value of Exports	NIL	NIL
2	Services rendered	NIL	NIL
B	Total Outgo in Foreign Exchange	NIL	NIL
1	Travelling expenses	NIL	NIL
2	Dividend payment	NIL	NIL
3	Other expenses	NIL	NIL

21. Composition of Audit Committee

In line with the provisions of Section 177 (8) of the Companies Act, 2013, the composition of the Committee is as below:

1. Mr. Rahul Rohira as Chairman of the Audit Committee. (Independent Director)

2. Mr. Manish Jain as Member of the Audit Committee (Independent Director)

3. Mr. Om Prakash Maheshwari as Member of the Audit Committee.

22. Vigil Mechanism

The Company has formulated a Whistle Blower Policy to establish a vigil mechanism for Directors and employees of the Company to report concerns about unethical behavior, actual or suspected fraud or violation of the Company’s code of conduct or ethics policy. The mechanism under the policy has been appropriately communicated within the organization. The Whistle Blower Policy is available on the website of the Company.

23. Performance Evaluation

Pursuant to Clause 49 of tire Listing Agreement read with provisions of the Companies Act, 2013, the Board has carried out an evaluation of its own performance and that of the individual Directors. The evaluation criteria, inter aha, covered various aspects of the Board’s functioning including its composition, execution and performance of specific duties, obligations and governance. The performance of individual directors was evaluated on parameters such as Attendance and participation in the Meetings, Contribution towards growth of the Company, Leadership initiative, Team work attributes and supervision of staff members, Compliance with policies, safeguarding the interest of the Company etc. The Directors expressed their satisfaction with the evaluation process.

24. Key Parameters for appointment of Directors and Key Managerial Personnel

The Nomination and Remuneration Committee has formulated a detailed policy for appointment of directors, key managerial personnel which is designed to attract, motivate and retain best talent. This policy applies to directors, senior management including its Key Managerial Personnel (KMP) and senior management of the Company. The remuneration of the Executive Directors and KMPs of the Company is recommended by the Nomination and Remuneration Committee based on the Company’s remuneration structure taking into account factors such as level of experience, qualification and suitability. The Company generally pays remuneration by way of salary, perquisites and allowances.

25. Public Deposits

During the year, your Company has neither invited not accepted any deposits from the public within the meaning of section 2(32) and 74 of the Companies Act, 2013 and as such, no amount of principal or interest on deposit was outstanding as of the balance sheet date.

26. Policies of the Company

Your Company has posted the following documents on its website www.shricon.in.

1. Code of Conduct and Ethics

2. Whistle Blower Policy

3. Related Party Transaction Policy

4. Familiarization Program.

5. Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by insiders

6. Remuneration Policy

7. Code of Fair Disclosure

27. Human Resource and Employee’s Stock Option Scheme

Your Company has been able to create and continuously improve a favorable work environment that encourages innovation and meritocracy at all levels. Employees'' relations remained cordial at all the Company''s locations. The Directors take this opportunity to record their appreciation for the outstanding contribution.

There is no Employees Stock Option Plan 2013 (ESOP 2013) in the Company.

28. Significant and Material Orders Passed by the Regulators or Courts

During the financial year under review, no significant or material orders were passed by any Regulatory/ Statutory Authorities or the Courts or tribunals which would impact the going concern status of the Company and its future operations.

29. Extract of Annual Return

Tn accordance wdth the provisions of Section 134(3) read with Section 92(3) of the Companies Act, 2013, the Annual Return for the financial year ended on 31³¹ March 2024 in the prescribed formMGT-7 is disclosed on the website of the at www.shricon.in.

30. Corporate Social Responsibility

The Company has not developed and implemented any Corporate Social Responsibility initiatives as the provisions of Section 135 of Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014 docs not applicable to the Company.

31. Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013:

The Company has in place a Sexual Harassment Policy in line with the requirement of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Aet, 2013. Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment.

All employees (permanent, contractual, temporary, trainees) are covered under the policy. The following is a summary of sexual harassment complaints received and disposed off during the year 2023-24:

No. of complaints received : Nil

No. of complaints disposed off : Nil

32. Management Discussion And Analysis Report

Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred as “SEBI''s Listing Regulations”), the operations of the company are reviewed in detail in the Management Discussion and Analysis Report are forming part of Report.

33. Business Responsibility Reporting

The Business Responsibility Reporting as required by Clause 55 of the Listing Agreement with the Stock Exchanges is not applicable to your Company for the financial year ending March 31, 2024.

34. Disclosures Under Sexual Harassment of Women At Workplace (Prevention, Prohibition & Redressal) Act 2013

During the year under review, the Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India.

35. Green Initiative

Your Company has taken the initiative of going green and minimizing the impact on the environment. The Company has been circulating the copy of the Annual Report in electronic format to all those Members whose email addresses are available with the Company. Your Company appeals other Members ill so to register themselves for receiving Annual Report in electronic form.

36. Changes in the Nature of Business, if Any

The Company continued to provide Real Estate services and hence, there was no change in the nature of business or operations of the Company which impacted the financial position of the Company during the year under review.

37. Particulars of Remuneration

Details as required under the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, are placed on the Company’s website www.shricon.in as an annexure to the Board''s Report.

A physical copy of the same will be made available to any shareholder on request, as per provisions of Section 136(1) of the said Act. Details as required under the provisions of Section 197(12) of the Companies Act 2013, read with Rule 5(2) and 5(3) of the said Rules, which form part of the Board’s Report, will be made available to any share holder on request, as per provisions of Section 136(1) of the said Act.

38. Industrial Relations

Industrial Relations continued to remain peaceful and cordial throughout the year. We value the long association of our stakeholders to sustain industrial harmony and create a positive work environment. By introducing various new work practices we have succeeded in enhancing manpower productivity & attendance to the optimum.

39. Acknowledgements and Appreciation

Your Directors are thankful to all the shareholders, Advisors, Bankers, Governmental Authorities, media and all concerned for their continued support. The Directors acknowledge the commitment and contribution of all employees to the growth of the Company. Our consistent growth was made possible by their hard work, solidarity, cooperation and support.

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Mar 31, 2014

The Members,

Shricon Industries Limited

Kota

The Directors have pleasure in presenting the Annual Report of the Company for financial year ended March 31, 2014 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31st March 2014.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2014.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217 (2AA) of the Companies Act, 1956, with respect to Directors'' Responsibility Statement, it is hereby confirmed that:

i. in the preparation of the annual accounts for the financial year ended 31st March, 2014, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii. 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 view of the state of affairs of the Company as at 31st March, 2014 and of the profit of the Company for the said period;

iii. the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv. the Directors have prepared the accounts for the financial year ended 31st March, 2014, on a ''going concern'' basis.

PUBLIC DEPOSITS

Your Company has not accepted any fixed deposits from public and, as such, no amount of principal or interest was outstanding on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your Company, Mr. Nawal Kishore Maheshwari, Director of your Company, retires by rotation at the forthcoming Annual General Meeting and being eligible, offers himself for reappointment.

AUDITORS

M/s M/s Harish Dayani & Co., Chartered Accountants the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

The Notes on Accounts referred to in the Auditors'' Report are self explanatory and do not require any further comments.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 217(i)(e) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 is not applicable to the Company.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company information required to be provided under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no earning or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Directors would like to express their sincere thanks to the all shareholders and other concerned for their continued support and co-operation.

For and on behalf of the Board of Directors,

Om Prakash Maheshwari Nawal Kishore Maheshwari Director Director

Date: August 14, 2014 Place: Kota

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Mar 31, 2013

The Members of Shricori Industries Limited

The Directors have pleasure in presenting Annual Report of the Company for financial year ended March 31, 2013 with the Audited Statement of Accounts and the Auditors'' Report of your Company for the financial year ended 31 March 2013.

FINANCIAL RESULTS:

The detailed financial statement of the Company is attached with this report.

DIVIDEND

Your directors do not recommend any dividend on equity shares for the period ended 31st March, 2013.

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant lo the tenement under Section 217 (2AA) of the Companies Act, 1956, with reaped to Directors'' Responsibility Statement, it is hereby confirmed that;

i. in the preparation of the annual accounts for the financial year ended 31st March. 2013, the applicable accounting standards have been followed along with proper explanations relating to material departures;

ii uie 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 view of the state of affairs of the Company as at 31st March. 2013 and of the loss of the Company for the said period:

iii the Directors have taken proper and sufficient can: for (he maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and fcr preventing and detecting fraud and other irregularities; and

iv. the Directors have prepared the accounts for the financial year ended 31 st March, 2013, on a ''going concern basis.

PUBLIC DEPOSITS

Your Company has not accepted any feed depos.ts from public and, as such, no amount of principal or interest was outstandmg on the date of the balance sheet.

DIRECTORS:

In accordance with the provisions of the Companies Act, 1956 and the Articles of Association of your'' Company, Mr J3m Prakash Maheshwari, Director of your Company, retires by rotation at the forthcoming Annua! General Meeting and being eligible. offers himself for reappointment.

AUDITORS

M/s Parish Dayani & Co.. Chartered Accountants, Mumbai the Auditors of your Company, retire at the forthcoming Annual General Meeting and have confirmed their eligibility and willingness to accept office, if reappointed.

PARTICULARS OF EMPLOYEES

Information in terms of Sec 2l7
COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Compantes Act. 1956 and companies Compliance Certificate Rule 2001, the Company has obtained a certificate from Company Secretary in whole time Practice is to be laid in Annual General Meeting.

ENERGY CONSERVATION, TECHNOLOGY ARSORn.ON AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Considering the business activities of the Company informatin required to be provided under Section 217(1)(e) of the Companies Act, read with the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988, in relation to Conservation of Energy and Technology Absorption are currently not applicable to the Company.

There was no taming or expenditure in foreign currency during the year.

ACKNOWLEDGEMENT

The Board of Direct would like to express their sincere thanks to the all stakeholders and other concerned for their continued support and co-operation.



BY ORDER OF THE BOARD

FOR SHRICON INDUSTRIES LIMITED



Place- KOTA (Om Prakash Maheshwari)
Dated: May 28.2013 Director Director

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Mar 31, 2010

The Directors have pleasure in presenting the 25th Annual Report of the company together with the audited accounts for the year ended on 31st March, 2010.

FINANCIAL PERFORMANCE

During the year under report the company has carried out trading operations of shares.

Amount in Rs. (In Thousand) Year ended Year ended 3lst March, 20IO 31st March,2009

Total Income 713.03 1271.17

Total Expenditure 636.53 915.19

Profit/(Loss )Before Taxation 76.94 355.99

Less : Provision for Taxation 19.00

Loss after Tax 66.19 245.06

Add: Balance brought forward from last year 6704.92 6459.86

Balance Carried Forward to Balance Sheet 6771.12 6704.92

DIVIDEND

No dividend has been recommended for this year.

Particulars Regarding Conservation of Energy. Technology Absorption

There were no activities relating to conservation of energy, technology absorption etc during the year.

Particulars of Earning and Expenditure in foreign currency

There were no earnings or expenditure in foreign currency during the year.

COMPLIANCE CERTIFICATE

As per requirement of Section 383A of the Companies Act, 1956 and companies Compliance Certificate Rule200l, the company has obtained a certificate from Company Secretary in Whole time in Practice is to be laid in forthcoming Annual General Meeting.

AUDITORS

M/s Rahul Singhvi & Associates, chartered Accountants, Auditors of the company retire at the ensuing Annual General Meeting and is eligible for reappointment

DIRECTORS RESPONSIBILITY STATEMENT

The Directors hereby state:

i. That in the preparation of the annual accounts for the financial year ended 31st March, 2010, the applicable accounting standards have been followed along with proper explanations 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 view of the state of affairs of the Company as at 31st March, 2010 and of the profit of the Company for the said period;

iii. That the Directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; and

iv. That the Directors have prepared the accounts for the financial year ended 31st March, 2010, on a going concern basis.

APPRECIATION

The Directors of your company wish to place on record their appreciation for the support given by the banker, shareholders & staff for their support to the company.



On behalf of the Board of Directors,

Om Maheshwari Nawal Maheshwari Director Director