u. Contingent Liability and contingent assets
A contingent liability is possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of Company or a present obligation that is not recognised because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognise the contingent liability but discloses its existence in the financial statements.
A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. The Company does not recognise the contingent assets since this may result in the recognition of income that may never be realised but discloses its existence in the financial statements. Where an inflow of economic benefits are probable, the Company disclose a brief description of the nature of contingent assets at the end of the reporting period. However, when the realisation of income is virtually certain, then the related asset is not a contingent asset and the Company recognize such assets.
Contingent liabilities and Contingent assets are reviewed at each Balance Sheet date.
v. CSR expenditure
The Company charge its CSR expenditure incurred during the year to the statement of profit and loss.
w. Significant accounting judgements, estimates and assumptions
The preparation of financial statements as per lnd AS requires management to make judgments, estimates and assumptions in the application of accounting policies that affect the reported amounts of assets, liabilities, income and expenses. Although these estimates are based on the management's best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.
Revenue from contracts with customers
The Company applied the following judgements that significantly affect the determination of the
amount and timing of revenue from contracts with customers:
Identifying performance obligations in AMISP Contract
The Company determined that both the (a) the supply, installation, integration, testing, and commissioning of the AMI system,and (b) the operation, maintenance, and support services post-installation are capable of being distinct. The fact that the customer can benefit from both products on their own and the promises to transfer the equipment and to provide installation are distinct within the context of the contract.
Consequently, the Company allocated a portion of the transaction price to both performance obligations based on relative stand-alone selling prices.
Consideration of significant financing component in a contract
Under the AMISP Contract, the payment for the supply and installation of meters is to be received over a period of 93 months. The Company concluded that there is a significant financing component to this contract, considering the length of time between the customer's payment and the transfer of the performance obligation for the supply and installation of meters to the customer, as well as the prevailing market interest rates.
In determining the interest to be applied to the amount of consideration, the Company concluded that the interest rate implicit in the contract (i.e., the interest rate that discounts the cash selling price of the equipment to the amount received in installments) is appropriate because this rate is commensurate with the rate that would be reflected in a separate financing transaction between the entity and its customer at the inception of the contract.
Estimation of Deferred tax asset recoverable
Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available against which the same can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies.
Effective Interest Rate (EIR) method
The Company's EIR methodology, recognises interest expense using a rate of return that represents the best estimate of a constant rate of return over the expected behavioural life of loans taken and recognises the effect of potentially different interest rates at various stages and other characteristics of the product life cycle (including prepayments and penalty interest and charges). This estimation, by nature, requires an element of judgement regarding the expected behaviour and life-cycle of the instruments, as well expected changes to India's base rate and other fee income/expense.
2.3 Change in accounting policies and disclosures
The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Amendment Rules, 2023 dated 31 March 2023 to amend the following Ind AS which are effective for annual periods beginning on or after 01 April 2023. The Company applied for the first-time these amendments.
Disclosure of Accounting Policies - Amendments to Ind AS 1
The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their 'significant' accounting policies with a requirement to disclose their 'material' accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments have had an impact on the Company's disclosures of accounting policies, but not on the measurement, recognition or presentation of any items in the Company's financial statements.
Definition of Accounting Estimates - Amendments to Ind AS 8
The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. It has also been clarified how entities use measurement techniques and inputs to develop accounting estimates. The amendments had no impact on the Company's financial statements.
Deferred Tax related to Assets and Liabilities arising from a Single Transaction - Amendments to Ind AS 12
The amendments narrow the scope of the initial recognition exception under Ind AS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences such as leases. The company previously recognized for deferred tax on leases on a net basis. As a result of these amendments, the company has recognized a separate deferred tax asset in relation to its lease liabilities and a deferred tax liability in relation to its right-of-use assets. Since, these balances qualify for offset as per the requirements of paragraph 74 of Ind AS 12, there is no impact in the balance sheet. There was also no impact on the opening retained earnings as at April 01, 2022.
2.4 Recent Accounting Developments - Standards Notified but not yet effective
Ministry of Corporate Affairs ("MCA”) notifies new standard or amendments to the existing standards. There is no such notification which would have been applicable from 01 April 2024.
Notes :
1 The term loan of H 2,898.08 Lacs (March 31, 2023: H NIL) from State Bank of India is secured by a) Exclusive 1st charge on Plant & Machinery & Misc. Fixed assets purchased / to be purchased out of Fresh Term Loan, b) Exclusive 1st charge by Equitable Mortgage on Factory Land & Building situated at Plot no. 104, Brahmaputra Industrial Park, Amingaon, village - Silalndurighopa, District - Kamrup (R), Assam and unconditional irrevocable personal guarantees of promoters directors Mr. Ishwar Chand Agarwal, Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal. be charged @ 1.00% p.a. above 6 Months MCLR . The loan is repayable in 20 quarterly installments starting from June 2024.
2 The term loan of H 5,500.00 Lacs (March 31, 2023: H NIL) from TATA Capital is secured by the pledge of unencumbered shares (free from any charge, lien, pledge, lock up or any other form of encumbrance) of the Genus Shareholders Trust held by the Borrower / Guarantor / Security provider to maintain the security cover equal to 2.50 times during the tenure of the Loan. Interest is chargeable @ 10.35% p.a.. The Principal -Bullet repayment at the end of 36 months from the date of disbursal.
3 The term loan of H 4,300.00 Lacs (March 31, 2023: H NIL) from The Federal Bank Limited is secured by pledge/ assignment on debt mutual funds & bonds. Interest is chargeable @ 1.50% p.a. above the repo rate. The principal-lumpsum repayment is due by June 2024.
4 The Term Loan of H NIL (March 31, 2023: H 11,100.00 Lacs) from a Credit Suisse AG, Mumbai Branch is secured by Charge on investment in bonds and MLD's, NCD's and other marketable securities in the dematerialised form as acceptable to Credit Suisse. Interest is chargeable @ 2.25% p.a. over 1 month MCLR. The loan is repayable in 12 months from the date of disbursement of loan.
5 The Open Term Loan (OTL) of H NIL (March 31, 2023: H 123.99 Lacs) from a Bank is secured by Charge on the assets created / to be created out of OTL and unconditional irrevocable personal guarantees of promoters directors Mr. Ishwar Chand Agarwal, Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal. Interest is chargeable @ 0.20% p.a. over 1 year MCLR. The loan is repayable with moratorium period: 3 months and repayment period in 9 equal monthly installment starting from June 2023.
6 Vehicle loans from banks and non-banking financial companies are secured by way of hypothecation of the vehicles financed by them under the finance scheme. The interest rate ranges between 7.25%-9.60% p.a.
7 Cash credit and suppliers credit of H 28,813.61 Lacs (March 31, 2023: H 17,120.90 Lacs) of the Company under consortium arrangement from Bank of Baroda, Indian Bank, State Bank of India, IDBI Bank Ltd, YES Bank Limited, Axis Bank Limited, HDFC Bank Limited, Punjab National Bank and UCO Bank, is secured by way of first pari-passu charge on entire current assets of the Company both present and future and collateral security by way of 1st Pari-passu charges on the movable fixed assets of the Company and equitable mortgage of properties on 1st Pari-Passu charge basis Factory Land & Building situated at SPL-3A & SPL-2A, Sitapura, Jaipur (Rajasthan), Plot No.12, Sector-4 , IIE Haridwar (Uttarakhand), Plot No 09 & Plot No 10 situated at Sector -2, IIE, SIDCUL, BHEL, Haridwar and SP1-2317, Ramchandrapura Industrial Area (Sitapura Extension) Jaipur and further secured by personal guarantees of Mr. Ishwar Chand Agarwal, Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal.
8 Bills discounting of H 2,113.19 Lacs (March 31, 2023: H 597.03 Lacs) of the Company are secured by inland documentary bills covering dispatches of goods under prime Bank's Letter of credit supported by related documents. The rate of interest is the respective period MCLR and generally in the range between 7.00% to 8.00% p.a..
9 FDOD facility for H 1,840 Lacs (March 31, 2023: H NIL) of the company secured by Fixed Deposit . The rate of interest is 0.50% p.a. above the FDR rate.
10 Other facilities for H 12,806.73 Lacs (March 31, 2023: H 5,514.20 Lacs) of the Company availed towards financing payables of creditors. The rate of interest is the respective period MCLR and generally in the range between 6.35% to 8.00% p.a..
Information about the Company’s performance obligations are summarised below:
Revenue from Service Concession Arrangement
The performance obligation is satisfied upon supply, installation, commissioning and operationalization of the meters over a period of time. There is a significant financing component for these contracts where the customer has granted mobilization advance and also on account of timing difference in revenue recognition and payment terms.
Revenue from sale of goods
Revenue from sale of goods is recognised at a point in time. The performance obligation is completed when control of the asset is transferred to the customer, generally on delivery of the goods. In case of contracts which also require installation of such meters, the performance obligation is completely satisfied upon completeion of installation. The Company considers whether there are other promises in the contract that are separate performance obligation to which a portion of the transaction price needs to be allocated.
Revenue from Construction contracts
Revenue from construction contracts is recognised over a period of time using percentage of completion method. The percentage of completion is determined by the proportion that contract costs incurred for work performed up to the reporting date bear to the estimated total contract costs.
Revenue from rendering of services
The performance obligation is satisfied over-time and payment is generally due upon completion of installation, operation & maintenance services and acknowledgement of the customer.
35 Share based payments
Employee Stock Option Scheme “ESOS-2012”
The Company instituted an Employee Stock Option Plan “ESOS-2012” as per the special resolution passed in a General Meeting held on December 29, 2012. This scheme has been formulated in accordance with the Securities Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and is in compliance with Securities Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.
The Company has reserved issuance of 1,945,000 (March 31, 2023: 4,945,000) equity shares of face value of Re. 1 each for offering to eligible employees of the Company under Employees Stock Option Scheme-2012 (ESOS-2012). During the year ended March 31, 2024, equity pool of 30,00,000 (Thirty Lacs) equity shares were transferred from ESOS-2012 to Employees Stock Appreciation Rights Plan 2019 and the maximum vesting period was increased from 6 years to 10 years, pursuant to the Shareholders approval Dated February 08, 2024. In the earlier years, the Company has granted 6,882,065 options which includes 1,815,600 options at a price of H 7 per option (adjusted for shares issued pursuant to scheme of arrangement), 582,000 options at a price of H 6 per option (adjusted for shares issued pursuant to scheme of arrangement), 442,700 options at a price of H 27.10 per options, 2,416,065 options at a price of H 30.30 per option and 16,25,700 options at a price of H 17.95. Out of the total grant made till date, 2,416,065 options originally granted at a price of H 30.30 per option has been cancelled. The options would vest over a maximum period of 10 years or such other period as may be decided by the Nomination and Remuneration Committee from the date of grant based on specified criteria.
Employees Stock Appreciation Rights Plan-2019 “ESARP-2019”
The Company instituted an Employees Stock Appreciation Rights Plan-2019 “ESARP-2019” as per the resolution passed in Annual General Meeting held on September 06, 2019. This scheme has been formulated in accordance with the Securities Exchange Board of India Guidelines, 1999 and is in compliance with Securities Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.
The Company has reserved issuance of 6,000,000 (March 31, 2023: 3,000,000) equity shares of face value of Re.1 each for offering to eligible employees of the Company under Employees Stock Appreciation Rights Plan-2019 (ESARP-2019). During the year ended March 31, 2024, equity pool of 30,00,000 (Thirty Lacs) equity shares were transferred from ESOS-2012 to Employees Stock Appreciation Rights Plan 2019 and the maximum vesting period was increased from 6 years to 10 years, pursuant to the Shareholders approval Dated February 08, 2024. In the earlier years, the Company has granted 3,100,000 rights which includes 1,650,000 rights at an exercise price of H 23.50 per right, 8,00,000 rights at an exercise price of H 54 per right and 6,50,000 rights at an exercise price of H 85.80 per right. In the current year, the Company has granted 100,000 rights at an exercise price of H 239.90 per right. During the year the Nomination and Remuneration Committee of the Board of Directors of the Company in its meeting held on June 30, 2023 has considered and approved the Cancellation of the 6,50,000 surrendered Employees Stock Appreciation Rights, granted on January 30, 2023 under the '“Employees Stock Appreciation Rights Plan 2019” of the Company. The rights would vest over a maximum period of 10 years or such other period as may be decided by the Nomination and Remuneration Committee from the date of grant based on specified criteria
41 Financial risk management objectives and policies
Financial risk management framework
The Company's principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include investments, loans, trade and other receivables, and cash and cash equivalent and other bank balances.
The Company is exposed to credit risk, market risk and liquidity risk. The Company has a risk management policy and its management is supported by a risk management committee that advices on risk and appropriate financial risk governance framework for the Company. The risk management committee provides assurance to the Company's management that the risk activities are governed by appropriate policies and procedures and that risks are identified, measured and managed in accordance with the Company's policies and risk objectives. The audit committee and the Board of Directors reviews and agrees policies for managing each of these risks.
Credit risk
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and loans to companies). The company deals with parties which has good credit rating/worthiness given by external rating agencies or based on groups internal assessment. The major customers are usually the Government parties.
Exposure to credit risk:
The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer and the carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk is H 70,328.45 Lacs (March 31, 2023: H 60,426.09 Lacs), being the total of the carrying amount of balances with trade receivables (including retention money) and loans to companies. In addition to above, the maximum exposure to credit risk in contract assets is H 11,815.41 Lacs (March 31, 2023: H Nil), (net of expected credit loss provision of H 119.35 lacs (March 2023: H Nil)
The measurement of impaired credit for carrying amount of the above financial assets is ascertained using the expected credit loss model (ECL) approach. The Company is considerate of the fact the majority of the collection is receivable from Government Companies where there can be delay in collection, however, there are no significant risk of bad debts. The sale for the current year includes two customers (sale value of H 29,744.62 Lacs), & previous year include one customers (Sale value of H 8,614.50 Lacs) where individual sale made to parties were more than 10% individually of total revenue.
Appropriate measurement for expected credit loss has been made and provided for in financial statements. The Company has also a made detailed assessment of the recoverability and carrying value of the mentioned financial assets. Based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The Company will continue to closely monitor any material changes arising of future economic conditions and impact on its collectability.
Liquidity Risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. As the Company have debt obligations with floating interest rates, the Company is exposed to the risk of changes in market interest rate. The 100 basis points change in market interest rate would increase / (decrease) the finance cost by H 587.12 Lacs (March 31, 2023 : H 346.92 Lacs).
The Company has no significant interest bearing assets, the income and operating cash flows are substantially independent of market interest rate
Foreign currency exchange rate risk
The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and other comprehensive income and equity, where any transaction references more than one currency or where assets / liabilities are denominated in a currency other than the functional currency of the respective entities. The risks primarily relate to fluctuations in US Dollar, Japanese Yen, SGD and Euro against the functional currency of the Company. The Company, as per its risk management policy, uses derivative instruments primarily to hedge foreign currency payable. The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate risks. It hedges a part of these risks by using derivative financial instruments in line with its risk management policies. The information on derivative instruments is disclosed in note no. 38.
The following table demonstrates the sensitivity of outstanding foreign currency denominated monetary items to a reasonably possible change in exchange rates, with all other variables held constant. The impact on the company's profit before tax is due to change in the fair value of financial assets and liabilities :
50 Significant accounting judgements, estimates and assumptions
The preparation of the Company's separate financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. There are no significant areas involving a high degree of judgement or complexity.
Estimates and assumptions
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.
Defined benefit plans (gratuity benefits)
The cost of the defined benefit gratuity plan and other post-employment medical benefits and the present value of the gratuity obligation are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.
The parameter most subject to change is the discount rate. In determining the appropriate discount rate for plans operated in India, the management considers the interest rates of government bonds
The mortality rate is based on publicly available mortality tables. Those mortality tables tend to change only at interval in response to demographic changes. Future salary increases are based on expected future inflation. Further details about gratuity obligations are given in Note 36(2).
Measurement of credit impairment
The measurement of impaired credit for trade receivables is ascertained using the expected credit loss model (ECL) approach. Appropriate measurement for expected credit loss has been made and provided for in financial statements. The Company has also a made detailed assessment of the recoverability and carrying value of trade receivables. Based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The Company will continue to closely monitor any material changes arising of future economic conditions and impact on its collectability.
Claims, provisions and contingent liabilities
The Company has ongoing litigations with various regulatory authorities and third parties. Where an outflow of funds is believed to be probable and a reliable estimate of the outcome of the dispute can be made based on management's assessment of specific circumstances of each dispute and relevant external advice, management provides for its best estimate of the liability. Such accruals are by nature complex and can take number of years to resolve and can involve estimation uncertainty. Information about such litigations is provided in notes to the financial statements.
Significant financing component
Under the Service Concession Arrangement (SCA) contracts, the Company supplies & installs meters & provides operation & maintenance services over a period of ~10 years. This type of contract includes receipt of mobilization advance from the customer which is partially adjusted against the invoices raised. As per the promised payment terms, the Company has determined that the contract contains a significant financing component.
In determining the interest to be applied to the amount of consideration, the Company concluded that the interest rate implicit in the contract (i.e., the interest rate that discounts the cash selling price of the equipment to the amount paid in advance) is appropriate because this is commensurate with the rate that would be reflected in a separate financing transaction between the entity and its customer at contract inception.
51 Capital management
For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders. The primary objective of the Company's capital management is to maximise the shareholder value and keep the debt equity ratio within acceptable range. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current period. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders and issue new shares.
The company has filed quarterly statements with banks or/and financial institutions which are in agreement with the books of accounts. Summary of reconciliations and reasons for differences, if any, have been explained and reconciled with banks or/and financial institutions.
57 Maintenance & operating effectiveness of Audit Trail feature
The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software, except that audit trail feature is not enabled at the database level (Oracle) insofar as it relates to SAP-ECC accounting software. Further no instance of audit trail feature being tampered with was noted.
58 Donation to political parties through electoral bonds
The Company has also made political contributions in earlier years, as disclosed in the respective financial statements. Based on internal assessment and legal advice, the Company is of the view that it is in compliance with the laws applicable to it in the relevant years, and the Honorable Supreme Court order reinstating limits and disclosures for political contributions will not have an impact on the Company.
59 Other Statutory Information
i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.
ii) The Company does not have any transactions with companies struck off.
iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period.
iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
v) The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.
vi) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
vii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
viii) The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961
60 Events after the reporting period
There are no significant adjusting events that occurred subsequent to the reporting period.
For and on behalf of the Board of Directors of Genus Power Infrastructures Limited
Ishwar Chand Agarwal Rajendra Kumar Agarwal Nathu Lal Nama Ankit Jhanjhari Puran Singh Rathore
Chairman Managing Director & CEO Chief Financial Officer Company Secretary Joint Company Secretary
DIN: 00011152 DIN: 00011127
Place: Jaipur Date: May 29, 2024
As per our report of even date As per our report of even date
For S.R. BATLIBOI & ASSOCIATES LLP For KAPOOR PATNI & ASSOCIATES
ICAI firm registration number:101049W/E300004 Firm registration number: 019927C
Chartered Accountants Chartered Accountants
per Navneet Rai Kabra per Abhinav Kapoor
Partner Partner
Membership No.102328 Membership No.419689
Place: Hyderabad Place: Jaipur
Date: May 29, 2024 Date: May 29, 2024
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