On behalf of the Board of Directors, it is our pleasure to present the Fifty Two (52nd) Annual Report together with the Audited Statement of Accounts of M/s. Shelter Infra Projects Limited ("the Company") for the year ended 31'1 March, 2024.
Financial Performance
The summarized standalone results of vour Comoanv are eiven in the table below.
Particulars
|
Financial Year ended
|
|
Rs. in Lakhs
|
|
Standalone
|
|
31/03/2024
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31/03/2023
|
Total Income
|
180.92
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145.71
|
Profit/(loss) before Interest, Depreciation & Tax (EBITDA)
|
(7-95)
|
(28.24)
|
Finance Charges
|
;
|
0.22
|
Depreciation
|
9.46
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11.19
|
Provision for Income Tax (including for earlier years)
|
(1.10)
|
(0.79)
|
Net Profit/ (Loss) After Tax
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(19.09)
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(40.44)
|
Profit/(Loss) brought forward from previous year
|
168.34
|
208.78
|
Amount transferred consequent to Scheme of Merger
|
-
|
-
|
Profit/(Loss) carried to Balance Sheet
|
149.25
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168.34
|
Previous year figures have been reerouped/rearranged wherever necessary.
SHARE CAPITAL:
The paid up Equity Share Capital as on March 31, 2024 was Rs. 3,57,01,610/- consisting of 3570161 shares of Rs. 10/- each. The Company has not issued shares with differential voting rights nor granted stock options nor sweat equity during the Financial Year under review.
DIVIDEND:
Your Directors regret not to declare any Dividend for the Financial Year under review as operating losses are prevailing in the accounts for the Financial Year 2023-2024 .
FINANCIAL PERFORMANCE
During the Financial Year under review, total revenue increased from Rs. 145.71 Lakhs to Rs. 180.92 Lakhs. The Company has incurred loss of Rs. 19.09 Lakhs during the Financial Year 2023-24 compared to the loss of Rs. 40.44 Lakhs incurred during the Financial Year 2022-2023 due to sustaining business in the most economical and budget friendly manner as well as receipt of rental revenues.
TRANSFER TO RESERVE
The Board of the company does not recommend any amount to be transferred to Reserves in view of losses existing during the Financial Year 2023-24.
CHANGE IN NATURE OF BUSINESS. IF ANY
There was no change in the nature of the Business of the Company during the FY 2023-24.
MATERIAL CHANGES & COMMITMENTS
Pursuant to Sec 134 (4) (I) of the Companies Act, 2013 ('the Act’), no material changes & Commitments affecting financial position of the company occurring between the end of the financial year of the company to which the financial statements relate and the date of the report.
CHANGES IN SHARE CAPITAL DURING FY-2023-24
There was no change in Share Capital during the Financial Year 2023-2024 under review.
SUBSIDIARY / JOINT VENTURES / ASSOCIATES
Your Company has no Subsidiaries or Associate or Joint Venture Company. However, the Company is the Subsidiary of M/s Ramayana Promoters Private Limited in respect of its holding more than 50% Share Capital.
PARTICULARS OF LOANS. INVESTMENTS AND GUARANTEES
Details of loans, guarantees and investments covered under Section 186 of the Companies Act, 2013 are provided in the notes to the Financial Statement as attached with this Annual Report.
INDUSTRY SCENARIO IN FUTURE:
The infrastructure sector is a key driver of the Indian economy. The Indian government places a strong emphasis on this sector as it is crucial to India's overall growth and helps to ensure that world-class infrastructure is built in the nation on schedule. Power, bridges, dams, highways, and urban infrastructure development are all included in the infrastructure industry. The Indian government is trying to create an intense push through policies to ensure world- class infrastructure in India, making it India's new identity. India is undertaking major infrastructure and industrial projects worth $ 1.3 trillion approx.
The real estate sector is one of the most globally recognized sectors. The real estate sector comprises four sub sectors - housing, retail, hospitality and commercial. The growth of this sector is well complemented by the growth of the corporate environment and the demand for office space as well as urban and semi-urban accommodations. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. The residential real estate sector in India is witnessing a remarkable transformation, driven by evolving consumer preferences, changing lifestyles, and demographic shifts. In India, the real estate sector is the second-highest employment generator, after the agriculture sector. It was also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term.
The Construction industry in India consists of the Real estate as well as the Urban development segment. The Real estate segment covers residential, office, retail, hotels and leisure parks, among others. While Urban development segment broadly consists of sub-segments such as Water supply, Sanitation, Urban transport, Schools, and Healthcare. United Nations projects India's population to be 1.64 Bn by 2047, an estimated 51% of India's population is likely to be living in urban centres. 100% Foreign direct investment in the construction industry in India under automatic route is permitted in completed projects for operations and management of townships, malls/shopping complexes, and business constructions.
By 2030, more than 40% of the Indian population is expected to live in urban India (35% today) which is likely to create a demand for 25 Mn additional affordable units. Growth of cities would boost energy demand for powering buildings, making measures such as the revised Energy Conservation Building Code (ECBC), extremely important. Use of green building materials, and energy efficient HVAC and lighting systems are at the forefront of the new paradigm. Technology/AI Shaping the Industry Cost efficiencies, faster construction and higher quality are driving implementation of techniques such as aluminium formwork, prefabricated buildings, building information modelling (BIM), etc.
The Real Estate Industry In India Market size is estimated at USD 0.33 trillion in 2024, and is expected to reach USD 1.04 trillion by 2029, growing at a CAGR of 25.60% during the forecast period (2024-2029). According to industry reports, real estate demand for data centres is expected to increase by 15-18 million sq. ft. by 2025. Demand for residential properties has surged due to increased urbanization and rising household income. India is among the top 10 price-appreciating housing markets internationally.
STATE OF THE COMPANY'S AFFAIRS
Pursuant to Sec 134 (3) (i) of the Companies Act, 2013 ('the Act') as we look forward to 2024, Evolving customer preferences is playing a pivotal role in shaping India's real estate market. With rapid urbanisation and increasing disposable incomes, there is a growing preference for modern amenities and convenience. Homebuyers look for properties with smart technology, energy efficient appliances, 8i recreational facilities. Factors like government policies, technological advancements, sustainable practices, rising demand for housing, and regulatory measures like RERA are pivotal in shaping the current industry landscape. Nowadays, product-centricity has surged with customers, showing willingness to pay a premium for superior quality. In the dynamic realm of India's real estate market, technological advancements have significantly reshaped various facets of the industry by boosting efficiency & fundamentally reshaping the development, marketing, & management of properties.
FIXED DEPOSITS:
Your Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.
ANNUAL RETURN;
Annual Return along with the Extract vide MGT-9 in terms of Section 92(3) of the Companies Act, 2013 is available at Company's website at www.ccapltd.in
CHANGE IN BOARD OF DIRECTORS
Mr. Arunansu Goswami (DIN-07514682), re-appointed as a Non Executive Director in Independent capacity for a second term of 5(Five) years on and from dated 18 h July, 2023 which had been approved by the Shareholders at the Annual General Meeting held on 08,h September, 2023.
BOARD MEETINGS:
During the Financial year Seven (7) meetings of Board of Directors held on 19.05.2023, 29.05.2023, 18.07.2023,
26.07.2023, 08.08.2023,08.11.2023 and 07.02.2024.
Name of Director
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No. of Board meetings attended
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Attendance at last AGM
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MR.ARUNANSU GOSWAMI
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7
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YES
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MR. SANKALAN DATTA
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7
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YES
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MR. KAJAL CHATTERJEE
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7
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YES
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MR. KAMAL KISHORE CHOWDHURY
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7
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YES
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COMMITTEES OF BOARD:
To comply with the provisions of section 177 and 178 of the Companies Act, 2013("the Act’) and Rule 6 of the Companies (Meeting of board and its powers) Rules, 2014 the following Committees have been constituted by the Board of Directors of the Company.
1. Audit Committee
2. Nomination & Remuneration Committee
3. Stakeholders Relationship Committee
1. Audit Committee Meeting
a) During the Financial year 2023-2024 the Audit Committee held 5(Five) Meetings on 19.05.2023,
29.05.2023, 08.08.2023, 08.11.2023 and 07.02.2024.
Name of Director
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No. of meetings attended
|
MR.ARUNANSU GOSWAMI
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5
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MR. SANKALAN DATTA
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S
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MRS. SWETA PATWARI
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s
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2. Nomination & Remuneration Committee
a) During the Financial year 2023-2024 the Nomination & Remuneration Committee held 2(Two) Meetings on
18.07.2023, 08.08.2023.
|
Name of Director
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No. of meetings attended
|
MR.ARUNANSU GOSWAMI
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2
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MR. SANKALAN DATTA
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2
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MRS. SWETA PATWARI
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2
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|
3. Stakeholders Relationship Committee
a) During the Financial Year under Review, the Committee held l(one) Meeting as on dated 18.07.2023.
Name of Director
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No. of meetings attended
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MR.ARUNANSU GOSWAMI
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1
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MR. SANKALAN DATTA
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1
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MRS. SWETA PATWARI
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1
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CHANGE IN COMMITTEES OF BOARD:
There has been a no change during the financial year.
KEY MANAGERIAL PERSONNEL OF THE COMPANY
The following persons are Key Managerial Personnel of the Company for the financial year under review:-
1. Mr. Kamal Kishore Chowdhury - Whole Time Director
2. Mr. Dharmendra Kumar Singh - Company Secretary (Resigned as on date 07.08.2023)
3. Miss. Sushmita Neogy - Company Secretary (Appointed as on date 08.08.2023)
4. Mr. Somesh Bagchi - Chief Financial Officer
Change in Kev Managerial Personnel:
There has been a change in the Composition of the Key Managerial Personnel i.e. Company Secretary due to the resignation of Mr. Dharmendra Kumar Singh (Company Secretary) on dated 07.08.2023 and appointment of Miss. Sushmita Neogy (Company Secretary) on dated 08.08.2023 during the Financial Year 2023-24.
VIGIL MECHANISM / WHISTLE BLOWER POLICY
In accordance with Section 177(9) and (10) of the Companies Act, 2013 and Regulation 22 of under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the Company has established a Vigil Mechanism and has a Whistle Blower Policy. The policy is available at the Compan y's website www.ccaplld.in under the head Disclosure Under Regulation 46 of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, followed by the link - https:A www.ccapltd.in/disclosure46.html.
DIRECTOR'S RESPONSIBILITY STATEMENT:
Pursuant to the requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors 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 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.
DECLARATION BY INDEPENDENT DIRECTORS:
The Company has received necessary declarations from all the Independent Directors under Section 149(7) of the Companies Act, 2013, that they meet the criteria of independence as provided in Section 149(6) of the Companies Act, 2013.
Pursuant to Section 134 (3)(q) of the Companies Act, 2013 ('the Act') The Independent Directors hold office for a fixed term of 5 years and are not liable to retire by rotation. Independent Director Mr. Arunansu Goswami’s term expired on dated 09.04.2023 however he was in the process of reappointment and re-appointed on dated 18.07.2023 during the Financial Year for the second term of next Five Years.
COMPANY'S POLICY ON APPOINTMENT AND REMUNERATION:
This Policy envisages the role and responsibility of the Independent Directors, Constitution of the Nomination and Remuneration Committee, term of appointment of Managerial Personnel, Directors, KMPs, Senior Management, remuneration of the Managerial Personnel, KMPs, Senior Management, Independent Directors, Stock Options to Managerial Personnel, KMPs, Senior Management, other employees, evaluation of Managerial Personnel under Section 134 of the Companies Act, 2013, KMPs, Senior Management, Independent Directors, etc. The Nomination and Remuneration Committee will consist of three or more nonexecutive directors, out of which at least one-half shall be independent director(s), provided that Chairperson of the Company may be appointed as a member of this Committee but shall not chair such Committee. The Board shall reconstitute the Committee as and when required to comply with the provisions of the Companies Act, 2013 and applicable statutory requirements including the Listing Agreement. The meeting of Committee shall be held at such regular intervals as may be required to carry out the objectives set out in the Policy. The Committee members may attend the meeting physically or through Video conference or through permitted audio -visual mode, subject to the provisions of the applicable laws. The Committee shall have the authority to call such employee (s), senior official(s) and / or externals, as it deems fit. The Company Secretary shall act as Secretary to the Committee. For detailed information about the policy your are requested to visit your company website www.ccapltd.in.
Pursuant to Section 197(14) of the Companies Act, 2013 ('the Act'), There is no receipt of any commission by MD / WTD from a Company and also not receiving commission / remuneration from it Holding or subsidiary.
STATUTORY AUDITORS. THEIR REPORT AND NOTES TO FINANCIAL STATEMENTS:
In terms of the provisions of Section 139 of the Companies Act, 2013 read with provisions of the Companies (Audit and Auditors) Rules, 2014 as amended, M/s. Basu Chanchani 8i Deb, Chartered Accountants (ICAI Firm Registration No. 304049E) be and is hereby re-appointed as the Statutory Auditors of the Company to hold the office for the second term of five years beginning from the conclusion of the 50th Annual General Meeting till the conclusion of the 55th Annual General Meeting of the Company scheduled to be held in the year 2027.
The members may note that consequent to the changes made in The Companies Act, 2013 and The Companies (Audit and Auditors) Rules, 2014 by the Ministry of Corporate Affairs (MCA) vide notification dated May 7, 2018, the proviso to Section 139 of the Companies Act, 2013 read with explanation to sub-rule 7 of Rule 3 of the Companies (Audit and Auditors) Rules, 2014, the requirement for ratification of Auditors appointment at every Annual General
Meeting has been done away. Therefore, the requirement of ratifying the appointment of M/s. Basu Chanchani & Deb, as the Auditors of the Company at the every Annual General Meeting does not arise.
Your Company has received a certificate from M/s. Basu Chanchani & Deb, Chartered Accountants confirming their eligibility to continue as Auditors of the Company in terms of the provisions of Section 141 of the Companies Act, 2013 and the Rules framed there under. They have also confirmed that they hold a valid certificate issued by the Peer Review Board of The Institute of Chartered Accountants of India (ICAI) as required under the provisions of Regulation 33 of the Listing Regulations.
EXPLANATION TO AUDITOR'S REMARKS
> The company has advanced Rs 556.30 lakhs for the development right which is a' good and recoverable advance' and there is no indication available from the records and regular interaction with the party that such advance becomes doubtful of recovery in any way . Moreover , the party received for the development right has confirmed as on 31.03.2024 and the management has taken all necessary steps which seems to be right at the moment for the execution of development right which is under progress. Under this circumstances , the company do not find it reasonable to treat this advance in its book as unrecoverable.
> It is a fact to note that the company has obtained "Lease Right " for 999 years by indenture, dated 06.11.1996 and such leasehold right issued by the Hon'ble Governor of West Bengal, and at the time of execution of lease, your company has paid the necessary premium or salami which has fully charged in its account .As per the indentures the annual rent has to be paid within 90days of the year for which such rent shall be payable . However, this annual rent of the leasehold properties has not been ascertained and informed by the Urban Development Department, Government of West Bengal. The company has made contact with the Lesser in many times and the matter is pending as on date . The Company is ready to discharge its "dues" Annual Rent as and when the same will come to its knowledge . However due to non availability of facts and figures of annual rent of the leasehold properties the company is not position to ascertain the " annual rent " of the leasehold properties since the lease deed execution .
It is very much clear that the local municipality is not concerned with "Annual Rent" of such leasehold properties issued by the Urban Development Department, Government of West Bengal.
> The Company has observed and the Board of Directors have taken steps to obtain the " fair value" of equity shares.
> Your Board of Directors observed the Auditors observation . The company has taken steps to obtain ' Actuarial Valuation ' on gratuity of the employees of the company . However , the company has provided Rs 1 lakh as gratuity in its current year account.
SECRETARIAL AUDIT:
In terms of Section 204 of the Act and Rules made there under, Ms. Soma Saha, a Practicing Company Secretary (C.P. No. 12237, Mb No: 33125),having its office at 10, Old Post Office Street Room No: 42A, Kolkata - 700 001, have been appointed as Secretarial Auditor of the Company for the Financial Year 2023-2024. The report of the Secretarial Auditor is enclosed as an Annexure-1 to this report. The observation made therein is taken note of by the management and necessary steps had been taken to rectify it.
Securities Exchange Board of India (SEBI) had issued a guidance note on Board Evaluation which inter alia contains indicative criterion for evaluation of the Board of Directors, its Committees and the individual members of the Board.
Pursuant to the new Evaluation Framework adopted by the Board, the Board adopted a formal mechanism for evaluating its performance and as well as that of its Committees and individual Directors for the financial year 2023¬ 2024. The exercise was carried out through a structured evaluation process covering various aspects of the Boards functioning such as composition of the Board & Committees, experience & competencies, performance of specific duties & obligations, attendance of the meetings, governance issues etc. Separate exercise was carried out to evaluate the performance of individual Directors who were evaluated on parameters such as attendance, contribution at the meetings and otherwise, independent judgment, safeguarding of minority shareholders interest etc.
The individual Director's performance was also evaluated and the Board was of the view that the Directors fulfilled their applicable responsibilities and duties as laid down by the Listing Regulations and the Companies Act, 2013 and at the same time contributed with their valuable knowledge, experience and expertise to grab the opportunity and counter the adverse challenges faced by the Company during the year under review.
STATEMENT REGARDING THE OPINION OF BOARD FOR INDEPENDENT DIRECTOR RE-APPOINTED
Mr. Arunansu Goswami (DIN-07514682), re-appointed as a Non Executive Director in Independent capacity for a second term of 5(Five) years on and from dated 18th July, 2023. The Board of directors were extremely satisfied with the integrity, expertise and experience of Mr. Arunansu Goswami and approved the proposal to re- appoint him for second term of next five years.
RISK MANAGEMENT POLICY
Pursuant to Section 134(3)(n) of the Companies Act, 2013 and Regulation 17(9) of under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, the Company has developed and implemented a Risk Management Policy. The Policy envisages identification of risk and procedures for assessment and minimization of risk thereof.
HUMAN RESOURCES:
Your Company treats its "Human Resources" as one of its most important assets.
Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. Your Company thrust is on the promotion of talent internally through job rotation and job enlargement.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS:
Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (viii) of Cos (Accounts) Rules, 2014 of the Companies Act, 2013 ('the Act'), During the year under review, the no significant and material orders were passed by the regulators or courts or tribunals impacting the going concern status and company's operations except:
Statue
|
Nature of Dues
|
Amount(Rs in Lakhs)
|
Financial Year
|
Regulators
|
Income Tax Act 1961
|
Income tax and Interest
|
1169.83
|
2012-13
|
CIT Appeal, Kolkata
|
Income Tax Act 1961
|
Income tax and Interest
|
56.43
|
2014-15
|
CIT Appeal Kolkata
|
GST
|
Service Tax &. Penalties
|
346.36
|
2011-16
|
Service Tax Appellate Tribunal
|
SEBI ACT/SCRA act,1956
|
Penalty
|
57.00
|
Dec 2016
|
SATS MUMBAI
|
INTERNAL FINANCIAL CONTROLS
Pursuant to Sec 134 (3)(q) r/w Rule 8 (5) (vii) of Cos (Accounts) Rules, 2014 of the Companies Act, 2013 ('the Act')The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. Audit committee of your company has performed regular review on internal financial controls of your company.
RELATED PARTY TRANSACTIONS:
The particulars of every contract or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms' length transactions under third proviso thereto shall be disclosed in Form No.AOC-2 as an Annexure-2.
The Company has formulated a policy on materiality of Related Party Transactions and also on dealing with Related Party Transactions. The policy is available on the Company's website www.ccapltd.in under the head Disclosure Under Regulation 46 of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, followed by the link https://www.ccapltd.in/disclosure46.html.
PREVENTION OF INSIDER TRADING:
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by the Directors and designated employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code. All Board Directors and the designated employees have confirmed compliance with the Code.
TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND PROTECTION FUND DURING THE FINANCIAL YEAR UNDER REVIEW
The Company have not declared any Dividend since the Financial Year 2011-12, however the last Dividend declared was for the Financial Year 2010-11 and in accordance with the provisions of Section 124, 125 and other applicable provisions, if any, of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force) the amount of dividend remaining unclaimed or unpaid for a period of seven years from the date of transfer to the unpaid dividend account is required to be transferred to the IEPF, maintained by the Central Government. In pursuance of this, the dividend remaining unclaimed or unpaid in respect of dividends for the Financial Year 2010-2011 have been transferred to the IEPF. The Statement of amounts credited to lnvestor-IEPF-1-for all the previous years in which dividends declared before and for 2010-2011, is available on the Company's website: www.ccapltd.in
Members/claimants whose shares or unclaimed dividends, have been transferred to the IEPF Demat Account or the Fund, as the case may be, may claim such shares or apply for refund by making an application to the IEPF Authority in Form IEPF-5 (available at http://www.iepf.gov.in).
CORPORATE GOVERNANCE
Pursuant to Regulation 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the paid-up Share Capital of the Company is less than 10 Crores and its Reserves are less than 25 Crore, provisions of the Corporate Governance is not applicable to your Company. However, adequate steps have been taken for better corporate governance.
INDUSTRIAL RELATIONS:
During the year under review, your Company enjoyed cordial relationship with workers and employees at all levels.
DISCLOSURE UNDER SECTION 197 (12) AND RULE 5 OF THE COMPANIES (APPOINTMENT & REMUNERATION OF MANAGERIAL PERSONNEL) RULES. 2016
Information in accordance with the provisions of Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2016 is given in Annexure-3 forming part of the Directors' Report
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT. 2013
The company has in place an Anti -Sexual Harassment Policy in line with the requirements of The Sexual Harassment of Woman at the Workplace (Prevention, Prohibition & Redressal) Act 2013. Internal Complaints Committee (ICC) has been set up to redress complaint received regarding sexual harassment. All Employees (permanent, Contractual, temporary, trainees) are covered under this policy.
The following is a summary of sexual harassment complaints received and disposed of during each calendar year.
-No of Complaints Received - NIL -No of Complaints Disposed off- NIL
SECRETARIAL STANDARDS
The Board of Directors hereby affirms that your Company has adhered to the Secretarial Standards as prescribed by the Institute of Company Secretaries of India during the financial year under report.
DETAILS OF CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO
Although your Company's core activity is in the area of civil construction which is not power intensive, your Company is making every efforts to conserve the power. Critical natural resources like Diesel etc. are consumed efficiently to ensure proper energy utilization and conservation. During the period under review there was no foreign exchange earnings or out flow.
COST AUDIT RECORD
The company is not required to maintain Cost Audit records in term of Section 148 (1) of the Companies Act, 2013. CORPORATE SOCIAL RESPONSIBILITY (CSR)
Corporate Social Responsibility Rules under Sec. 135 of the Companies Act, 2013 is not applicable to your Company.
ACKNOWLEDGEMENT
The Directors are grateful to the various Departments and agencies of the Central and State Governments for their help and co-operation. They are thankful to the Financial Institutions and Banks for their continued help, assistance and guidance. The Directors wish to place on record their appreciation of employees at all levels for their commitment and their contribution.
On behalf of the Board of Directors For Shelter Infra Projects Limited
KAMAL KISHORE CHOWDHURY SANKALAN DATTA l (WHOLE TIMPtUAECTOR) (DIRECTOR)
DIN-06742937 DIN - 02478232
Date: 25.07.2024 Place: KOLKATA
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