2.12. Provisions and contingencies:
Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the reporting date.
Provisions are determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle the present obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognized as finance cost. Expected future operating losses are not provided for. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.
2.13 Earnings per share
a) Basic earnings per share
Basic earnings per share is calculated by dividing the net profit for the period (excluding other comprehensive income) attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus element in equity shares issued during the year.
b) Diluted earnings per share
Diluted earnings per share is computed by dividing the net profit for the period attributable to equity shareholders by the weighted average number of shares outstanding during the period as adjusted for the effects of all diluted potential equity shares except where the results are anti-dilutive assets acquired and liabilities assumed.
2.14 Leases
The Company lease asset classes primarily consist of leases for buildings taken on lease for operating its office. The Company assesses whether a contract contains a lease, at inception of a contract. At the date of commencement of the lease, the company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the lease term. The lease liability is initially measured at amortized cost at the present value of the future lease payments.
As a lessor
Lease income from operating leases where the Company is a lessor is recognised in income on a straight-line basis over the lease term unless the receipts are structured to increase in line with expected general inflation to compensate for the expected inflationary cost increases.
2.15 Foreign exchange transactions
The functional currency and the presentation currency of the Company is Indian Rupees. Transactions in foreign currency are recorded on initial recognition using the exchange rate at the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated
at the functional currency closing rates of exchange at the reporting date. Exchange differences arising on the settlement or translation of monetary items are recognized in the statement of profit and loss in the period in which they arise.
2.16 Borrowing costs
Borrowing costs include interest expense as per the effective interest rate (EIR) and other costs incurred by the Company in connection with the borrowing of funds. Borrowing costs directly attributable to acquisition or construction of those tangible fixed assets which necessarily take a substantial period of time to get ready for their intended use are capitalized. Other borrowing costs are recognized as an expense in the year in which they are incurred.
The difference between the discounted amount mobilized and redemption value of securities is recognized in the statement of profit and loss over the life of the instrument using the EIR.
2.17 Retirement and other employee benefits
(i) Short- term employee benefits
Employee benefits payable wholly within twelve months of availing employee services are classified as short-term employee benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee benefits such as salaries and wages, bonus and ex-gratia to be paid in exchange of employee services are recognized in the period in which the employee renders the related service.
(ii) Post-employment benefits (ii) (a). Defined contribution plans:
A defined contribution plan is a post-employment benefit plan under which an entity pays specified contributions to a separate entity and has no obligation to pay any further amounts. The company makes specified monthly contributions towards Provident Fund and Employees State Insurance Corporation (‘ESIC'). The contribution of company is recognized as an expense in the Statement of Profit and Loss during the period in which employee renders the related service. There are no other obligations other than the contribution payable to the Provident Fund and Employee State Insurance Scheme. These contributions are recognized as an expense in the statement of profit and loss during the period during the period in which the employee renders the related service.
(ii) (b). Defined benefit plan:
Gratuity liability, wherever applicable, is provided for on the basis of an actuarial valuation done as per projected unit credit method, carried out by an independent actuary at the end of the year. The Company's gratuity benefit scheme is a defined benefit plan.
(iii) Other Long-term Benefits:
Compensated absences:
The Company provides for the encashment / availment of leave with pay subject to certain rules. The employees are entitled to accumulate leave subject to certain limits for future encashment / availment. The liability is provided based on the number of days of unutilized leave at each balance sheet date on the basis of an independent actuarial valuation.
Note. 3 Key accounting estimates and Judgments
The preparation of financial statements 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. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on ongoing basis. Any changes to accounting estimates are recognized prospectively. Information about critical judgments in applying accounting policies, as well as estimates and assumptions that have the most significant effect on the amounts recognized in the financial statements are included in the following notes:
(a) Provision and contingent liability: On an ongoing basis, Company reviews pending cases, claims by third parties and other contingencies. For contingent losses that are considered probable, an estimated loss is recorded as an accrual in financial statements. Loss Contingencies that are considered possible are not provided for but disclosed as Contingent liabilities in the financial statements. Contingencies the likelihood of which is remote are not disclosed in the financial statements. Gain contingencies are not recognized until the contingency has been resolved and amounts are received or receivable.
(b) Allowance for impairment of financial asset: Judgments are required in assessing the recoverability of overdue loans and determining whether a provision against those loans is required. Factors considered include the aging of past dues, value of collateral and any possible actions that can be taken to mitigate the risk of non-payment.
(c) Recognition of deferred tax assets: Deferred tax assets are recognized for unused tax-loss carry forwards and unused tax credits to the extent that realization of the related tax benefit is probable. The assessment of the probability with regard to the realization of the tax benefit involves assumptions based on the history of the entity and applicable laws.
(d) Property, plant and equipment and Intangible Assets: Management reviews the estimated useful life and residual values of the assets annually in order to determine the amount of depreciation to be recorded during any reporting period. The useful life and residual values as per schedule II of the Companies Act, 2013 or are based on the Company's historical experience with similar assets and taking into account anticipated technological changes, whichever is more appropriate.
(e) The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. The Company uses its judgment to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period.
(f) Defined benefit plans: The cost of defined benefit plans and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. 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.
Notes
# Excess amount spent during the year to be set off in next year.
* The corpus of Rs 144.64 lakhs (Previous Year Rs 179.52 Lakhs) under CSR for the year 2023-2024 (Previous Year 2022-2023) had been allocated to projects identified for ongoing project. No disbursal was made during respective years because the concerned entities had requested disbursal of funds from the subsequent year onwards though allocated in the respective years. Accordingly, the amount of Rs 144.64 lakhs (Previous Year Rs 179.52 Lakhs) has not been considered as spent and shown in the shortfall Column. The amount has already been transferred with in 30 days of close of the financial year in to the separate bank account maintained for unspent CSR and will be disbursed in accordance with the applicable regulations. ** The Company has not made any transaction with related parties in relation to CSR expenditure as per Ind AS 24.
$ Remitted to PM Cares Fund on 09-May-2023 in accordance with applicable regulations.
Note No 33. Related party transactions;
List of Related Parties and Relationships during the year;
a) Subsidiary Companies;
1. VLS Securities Limited (100.00%)
2. VLS Asset Management Limited (99.15%)
3. VLS Real Estate Limited (100.00%)
b) Key Managerial Personnel (KMP):
1. Shri M.P.Mehrotra (Executive Vice Chairman) (‘Exec. VC’)
(cessation w.e.f. 5th April 2024 on account of his demise*)
2. Shri S. K. Agarwal (Managing Director)
3. Shri Vikas Mehrotra (Managing Director -International Operations) appointment w.e.f. 12th Jan 2022 (cessation w.e.f. 13th July 2023 on account of his demise*)
4. Shri Anurag Bhatnagar (CFO in VLS Securities Limited) (‘CFO VLS Sec’) resigned w.e.f. 31/08/2022
5. Ms. Unnati Jani (CS in VLS Securities Ltd.) appointed w.e.f. 22nd Mar 2022 - resigned w.e.f. 17th Dec 2022
6. Shri K. K. Soni (Director Finance & CFO)
7. Shri H Consul (Company Secretary)
8. Shri Vishesh Jain (CS in VLS Securities Ltd.) appointed w.e.f. 28th Dec 2022 - (‘CS VLS Sec.’)
9. Shri Aditya Kumar Bansal (CFO in VLS Securities Limited) (‘CFO VLS Sec’) appointment w.e.f. 15th June 2023
10. Shri Keshav Tandan (Executive Director) appointed w.e.f. 29th Mar 2024
c) Others;
1. VLS Capital Limited (Associate of VLS Securities Ltd.)
2. M/s Vinayak Pharma - related to Mr SK Agarwal, Managing Director
3. Shri Ajit Kumar (Chairman, Independent Director cessation w.e.f. 26/08/2023 on account of his demise)
4. Dr. (Mrs.) Neeraj Arora (Non-Executive Director) resigned w.e.f.
10th May 2023
5. Shri. D. K. Mehrotra (Independent Director)
6. Dr. R. L. Bishnoi (Independent Director) resigned w.e.f. 1st Mar 2023
7. Shri Deepak Kumar Chatterjee (Independent Director) resigned w.e.f. 4th May 2023
8. Ms. Divya Mehrotra (Non-Executive Director & Constituent of Promoter Group) cessation w.e.f. 04/01/2024 on account of her demise)
9. Shri Anoop Mishra (Independent Director) appointment w.e.f. 10th Aug 2023
10. Shri Adesh Kumar Jain (Independent Director) appointment w.e.f. 10th Aug 2023
11. Adesh Kumar Jain and Sons (HUF) (Enterprises in which Nonexecutive Independent Director Shri Adesh Kumar Jain and their relatives exercises Significant Influence)
12. Smt Alka Jain (Wife of Shri Adesh Kumar Jain (Non-executive Independent Director))
13. Smt Priyanka Jain (Daughter in law of Shri Adesh Kumar Jain (Nonexecutive Independent Director))
14. Shri Shashank Jain (Son of Shri Adesh Kumar Jain (Non-executive Independent Director))
15. Smt Sudha Aggarwal (Wife of Shri S. K. Agarwal (Managing Director))
16. Ms. Daya Mehrotra (Promoter Group)
17. Pragati Moulders Ltd (Promoter Group)
18. Smt Uma Soni (Wife of Shri K. K. Soni (Director Finance & CFO))
19. M/s Mehrotra & Mehrotra (Firm in which Promoter is Partner)
20. Ms. Sadhana Mehrotra (Promoter Group)
21. Mahesh Prasad Mehrotra (HUF) (Promoter Group)
22. Chai Thela Pvt Ltd (Private Company in which a Director or his relative is a Member or Director)
23. South Asian Enterprises Ltd (Promoter Group)
24. VLS Commodities Private Limited (Promoter Group)
25. Shri Shivesh Ram Mehrotra (Non-executive Non-Independent Director) appointment w.e.f. 13-Feb-2024
26. Shri Najeeb Hamid Jung (Non-executive Independent Director) appointment w.e.f. 13-Feb-2024
27. Shri Gaurav Goel (Non-executive Non-Independent Director) appointment w.e.f. 13-Feb-2024
28. Mrs. Neeraj Vinay Bansal (Non-executive Independent Director) appointment w.e.f. 29-Mar-2024
Note No 34. Capital management.
For the purpose of the Company’s capital management capital includes issued equity capital share premium and all other equity reserves attributable to the equity holders. The primary objective of the Company’s capital management is to maximize the shareholder value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure the Company may adjust the dividend payment to shareholders return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio which is net debt divided by total capital plus net debt. The Company’s policy is to keep the gearing ratio as less as possible. The Company includes within net debt interest bearing loans and borrowings trade and other payables less cash and cash equivalents excluding discontinued operations.
In order to achieve this overall objective, the Company’s capital management amongst other things aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. 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.
Note No 35. Other Financial information
a. Under the Micro Small and Medium Enterprises Development Act 2006 (MSMED) which came into force from 02 October 2006 certain disclosures are required to be made relating to MSME. On the basis of the information and records available with the Company the following disclosures are made for the amounts due to the Micro and Small Enterprises.
There are no dues outstanding of an entity which is registered as the Micro Small and Medium Enterprises defined under ‘The Micro Small and Medium Enterprises Development Act 2006”.
Note No 39: Financial risk management.
Risk management framework
The Company has established a comprehensive system for risk management and internal controls for all its businesses to manage the risks that it is exposed to. The objective of its risk management framework is to ensure that various risks are identified measured and mitigated and also that policies procedures and standards are established to address these risks and ensure a systematic response in the case of crystallization of such risks.
The Company has exposure to the following risk arising from financial instruments:
i. Credit risk
ii. Liquidity risk
iii. Market risk
The Company has established required policies with respect to such risks which set forth limits mitigation strategies and internal controls to be implemented. The Board oversees the Company’s risk management which frames and reviews risk management processes and controls. i. Credit risk:
It is risk of financial loss that the Company will incur a loss because its customer or counterparty to financial instruments fails to meet its contractual obligation.
The Company’s financial assets comprise of Cash and bank balance, Stock-in-trade, Trade receivables, Loans, Investments and Other financial assets.
The maximum exposure to credit risk at the reporting date is primarily from the Company’s trade receivables.
Following provides exposure to credit risk for trade receivables:
iii. Market risk
Market risk arises when movements in market factors (foreign exchange rates interest rates credit spreads and equity prices) impact the Company’s income or the market value of its portfolios. The Company in its course of business is exposed to market risk due to change in equity prices interest rates and foreign exchange rates. The objective of market risk management is to maintain an acceptable level of market risk exposure while aiming to maximize returns. The Company classifies exposures to market risk into either trading or non-trading portfolios. Both the portfolios are managed using the following sensitivity analyses:
i) Equity price Risk
ii) Interest Rate Risk
iii) Currency Risk
i) Equity price Risk
The Company’s exposure to equity price risk arises primarily on account of its investment positions.
The Company’s equity price risk is managed in accordance with its Corporate Risk and Investment policy (CRIP)approvedby the board.The board specifies exposure limits andrisklimits for the investments in equity.
ii) interest Rate Risk
The Company’s exposure to interest rate risk arises primarily on account of its amount given on loan and the surplus funds kept as deposits with the banks.
The Company’s interest rate risk is managed in accordance with its policy approved by its board.
The non-traded Financial Assets and liabilities are fixed rate instruments and are valued at amortised cost. Any shifts in yield curve will not impact on their carrying amount and will therefore not have any impact on the Company’s statement of profit and loss.
iii) Currency Risk /foreign exchange Risk
There is no exposure to currency risk as there is no position of the company stands in exchange traded currency derivatives.
(ii) Valuation techniques used to determine fair value
Specific valuation techniques used to value financial instruments include :
• Quoted equity investments - Quoted closing price on stock exchange
• Mutual fund - net asset value of the scheme
• Alternative investment funds - net asset value of the scheme
• Unquoted equity investments - is based on NAV as per the latest financial figures of the respective company or price multiples of comparable companies or Price Quotation received from intermediaries dealing in unquoted shares.
• Private equity investment fund - NAV of the audited financials of the funds.
• Real estate fund - net asset value, based on the independent valuation report or financial statements of the company income approach or market approach based on the independent valuation report.
(iii) Financial instruments not measured at fair value
Financial assets not measured at fair value includes cash and cash equivalents, trade receivables, loans and other financial assets.
These are financial assets whose carrying amounts approximate fair value, due to their short-term nature.
Additionally, financial liabilities such as trade payables and other financial liabilities are not measured at FVTPL, whose carrying amounts approximate fair value, because of their short-term nature.
Fair value measurements using significant unobservable inputs (level 3)
Note No 43: Tax Expense
The Company pays taxes according to the rates applicable in India. Most taxes are recorded in the income statement and relate to taxes payable for the reporting period (current tax), but there is also a charge or credit relating to tax payable for future periods due to income or expenses being recognised in a different period for tax and accounting purposes (deferred tax). The Company provides for current tax according to the tax laws of India using tax rates that have been enacted or substantively enacted by the balance sheet date. Management periodically evaluates positions taken in tax returns in respect of situations in which applicable tax regulation is subject to interpretation. It establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax authorities. Deferred tax is provided, using the liability method, on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax is recognised in respect of all temporary differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. A deferred tax asset is recognised when it is considered recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as probable that there will be suitable taxable profits against which to recover carried forward tax losses and from which the future reversal of underlying temporary differences can be deducted.
The Taxation Laws (Amendment) Ordinance, 2019 contain substantial amendments in the Income Tax Act 1961 and the Finance (No.2) Act, 2019 to provide an option to domestic companies to pay income tax at a concessional rate. The Company has elected to opt the amended tax regime w.e.f. the financial year 2019-20.
(iv) Fair Value Hierarchy;
The fair values of the investment properties as mentioned in (ii) above as at 31-Mar-2024 is based on valuations performed by valuer Green Brick Valuers Pvt Ltd, an approved valuer from Insolvency and Bankruptcy Board of India (IBBI) - vide IBBI/RV/-E-2/2023/189. The valuation of land has been done by the valuer on the basis of market value of property considering the location, size of plot, civic amenities available near the land. Further valuation of building has been done as per depreciated CPWD rates.
(v) Leasing arrangements
Investment properties are leased out to tenants under operating lease. Disclosure of future rent receivable is included in Note No 51: Disclosure under Ind As 116 Lease.
(vi) Contractual obligations
The Company has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or develop the investment property. However, the responsibility for its repairs and maintenance is with the Company.
Note No 51; Disclosure under ind As 116 Lease;
Leases
1 Company as a lessee;
The Company has taken premises on operating lease for the period which ranges from 11 months to 36 months with an option to renew the lease by mutual consent on mutually agreeable terms.
The Company has applied the exemptions not to recognise right-of-use assets and liabilities for lease with less than 12 months of term lease.
Note No 53: Subsequent events;
There were no significant events after the end of the reporting period which require any adjustment or disclosure in the financial statements other than as stated below:
i) The Board of Directors at its meeting held on 28th May 2024 has proposed a final dividend of Rs. 1.50 per equity share plus special dividend of Rs 1.00 per equity share for the financial year ended 31-March 2024. Accordingly total proposed dividend for the financial year ended 31-March 2024, will be aggregate of the final dividend and special dividend amounting to Rs 2.50 per equity share. Thus, the total Dividend will be 25% on face value of Rs.10/-per equity share, subject to approval by the members of the Company at the forthcoming Annual General Meeting.
Pursuant to the Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the listing regulations, the Book Closure period for the purpose of payment of the dividend to be declared at the 37th AGM will be from September 21st, 2024, to September 28th, 2024 (both days inclusive).
The dividend, if approved, will be paid on or before 28th-October-2024 subject to deduction of tax at source as per the applicable rate(s), to the members whose name stand in the register of members on the date of closure of transfer books for this purpose.
Note No 54: Segment reporting:
The Company is primarily engaged in the single segment i.e., in the business of investment & Sale/Purchase of Shares/Securities & Derivatives. As such the Company’s financial statements are largely reflective of the investment business. There are no separate reportable segments identified as per the Ind AS 108 - Operating segments. Further the Company does not have any reportable geographical segment. Hence segment-wise reporting has not been made.
Note No 55: Additional Regulatory disclosures.
i) During the financial years ended March 31,2024, and March 31,2023, the company has not revalued its property, plant and Equipment.
ii) All the lease agreements are executed in favor of the Company for properties where the Company is the lessee.
iii) During the financial years ended March 31,2024, and March 31,2023, the company has not revalued its intangible assets.
iv) The Company has been sanctioned working capital limits from Banks/financial institutions on the basis of security of Company’s own fixed deposits.
Therefore, during the financial years ending March 31,2024, and March 31,2023, the company is not required to file the Quarterly return/ statements of current assets with banks and financial institutions.
v) The company has complied with the number of layers prescribed under clause (87) of section 2 of the act read with companies (Restriction on number of layers) rule 2017.
vi) During the financial years ended March 31,2024, and March 31,2023, no Scheme of Arrangements related to the company has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
vii) Utilisation of Borrowed funds and share premium: -
a. The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or other kind of funds) to any other person or entity, including foreign entity (Intermediaries), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall:
i. 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
ii. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
b. The Company has not received any funds (which are material either individually or in the aggregate) from any person or entity, including foreign entity (Funding Parties), with the understanding, whether recorded in writing or otherwise, that the Company shall:
i. 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
ii. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
viii) No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder, as at March 31,2024 and March 31,2023.
ix) The Company has not been declared willful defaulter by any bank or financial Institution or other lender, in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India, during the year ended March 31,2024, and March 31,2023.
x) There is no creation or satisfaction of charges which are pending to be filed with ROC as at March 31,2024 and March 31,2023.
xi) The Company has not traded or invested in Crypto currency or Virtual currency during the financial years ended March 31,2024, and March 31,2023.
xii) The Company does not have any transactions 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). No previously unrecorded income and related assets have been recorded in the books of account during the year.
xiii) The auditors have expressed an unmodified opinion on the standalone financial statements of the Company for the financial years ended March 31,2024, and March 31,2023.
xiv) There are no items of income and expenditure of exceptional nature for the financial years ended March 31,2024, and March 31,2023.
xv) The corporate governance report containing composition and category of directors, shareholding of non-executive directors is part of the annual report for the financial year ended March 31,2024.
Note No 56: Previous year’s figures have been regrouped/reclassified wherever necessary to correspond with the current year’s classification/disclosure and rounding off errors have been ignored.
Note No 57: The amounts reflected as “ 0 “ or “ - ” in the financial information are values with less than rupees five hundred or 0.
As per our report of even date attached For and on behalf of the board
For Agiwal & Associates
Chartered Accountants (FRN: 000181N)
CA P. C. Agiwal S.K. Agarwal K.K. Soni
Partner Managing Director Director-Finance& CFO
Membership No. 080475 (DIN:00106763) (DIN: 00106037)
Place: New Delhi Keshav Tandan H. Consul
Date: May 28th 2024 Executive Director Company Secretary
UDIN: 24080475BKFKZS2927 (DIN: 10450801) M. No A-11183
Ý Ý cc Ý Ý
| 