The Board of Directors arc pleased to present the 31^t' (Thirty-first) Annual Report on the Business
and Operatic ns along with the Audited Financial Statements for the financial Year ended on March
31, 2024.

1) Financial Results:

The Summarized position of these results are given below: (Rs. in Lakhs)

The above data hm been extracted from the Audited Standalone and Consolidated Financial Statements prepared
in accordance with the Indian Accounting Standards (Tnd AS), as notified under Section 133 of the Companies
Act, 2013 read with Companies (Indian Accounting Standards Rides, 2015) and the relevant provesmns of tht
Act, as applicable.

2) State nf Company's Affairs:

During the financial year 2023-24. the Company has on a standalone basis, tamed total revenue of
Ks. 2382,95 Lakhs as against Rs 2807-16 Lakhs during the previous financial year. The Company
reported the Profit before Tax of Rs. 39,30 Lakhs during the current financial year as against Rs
89,58 Lakhs Profit before tax during the previous financial year. The Company reported the Net
Profit of Rs_ 19,29 Laths during the current financial year as compared to Net Profit of Rs. 62.76
Lakhs during the previous financial year,

During the financial year 2023-2024, the Company has on a consolidated basis, earned the total
revenue of Rs. 4S92.77 Lakhs as against Rs. 4438.91 Lakhs during the previous financial year. The
Company reported the Profit before tax of Rs. 347,93 Lakhs as against Rs, 239,31 Lakhs Profit before
tax during the previous financial year. The Company reported the Net Profit of Rs 132.14 Lakhs
during the current financial year as compared to Net Profit of Rs. 8S.95 Lakhs during rite previous
financial year.

3} Review of operations And bus mess:

Your Company continues to be engaged in the activities pertaining to Construction & Real Estate.

Your Company made profits in the year due to which the ongoing projects neared completion
Completion of projects Jed to increase in sales this year.

Your Company has completed its projects ^Xeirus-Where life resides" and “Xline Smart, Serene,
Spectacular” and is expecting its respective Occupation Certificates soon. Furthermore, your
Company has initiated the operations of one more new project known as "Xonc" in Kandivali,
Mumbai ”X'Hepghts-Wodd of Delight"' is a new project in Kandivali. in your Company's pipeline
and your Company is awaiting clearances from regulators to start its operations for this project. The
details of the upcoming project arc given under the heading ¹¹ The Management Discussion and
Analysis report” which form part of this Annual Report

4) Share Capital;

There is no change in the share capital during the current financial year. Your Company has two
classes uf shares, viz. Equity Shares and Preference Shams.

The Authorized Share Capital of the Company as at March 31, 2024 comprises of Rs.13,00,00,000/-
(Rupees Thirteen Crones Only) consisting of the following: {a) 60,00,000 (Sixty Lakhs) Equity Shares
uf Rs, 10/- (Rupees Ten Only) each amounting to Rs. 6,00.00,000a (Rupees Six Crores Only) and
(b) 70,00,000 (Seventy Lakhs) 6% Non-Cumulative Optionally Convertible Preienence Shares of Rs.
!0A (Rupees Ten Only) each amounting to Rs, 7,00,00,000/- (Rupees Seven Crores Only).

The Issued, Subscnbed and Paid up Share Capital of the Company as at March 31, 2l)2A comprise of
Rs. 10,24,70,000/- Crate. (Rupees Ten Crore Twenty-Four Lakh Seventy-Nine Thousand Only)
divided into 32,47,900 (Thirty-Two Lakh Forty-Seven Thousand Nine Hundred) equity shares of Rs.
JO/* each, fully paid up, and 70,00,000 (Seventy Lakh) b% Non-Cumulative Optionally Convertible
Preference Shares of Rx.10/- each, fully paid up. The Company had forfeited shares amounting to R$
4,85,400/- (Rupees Four Lakhs Eighty Five Thousand Four Hundred Only).

During the year, there was no public issue, rights issue, bonus issue or preferential Issue etc.

The Company has not issued any shares with differential voting rights, sweat equity shares nor his it
granted any stock options during the year under review

5) Transfer to Reserves:

The Company has not transferred any amounts to the reserves during the year under review.

A) Deposits:

tn terms of Chapter V of the Companies Act, 2013 read with the Companies (Acceptance of Deposit)
Rules, 2014, during the year under review, your Company has neither invited nor accepted any fixed
deposits from the public.

7) Dividend:

The Board has no* recommended any dividend for the financial year ended March 31.2024.

8) Particulars of Loans, Guarantees or Investments;

The Company has complied with provisions of Section 186 of the Act, to the extent applicable with
respect to Loans, Guarantees or Investments during the year

Details of loans and guarantee given, Investments made and securities provided under Section 186 of
the Companies Act, 2013 are given under the Notes to the financial statements,

9) Material Changes and Commitment* affecting Ihe fin ancijU position of the Company;

There have been no other material changes and commitments affecting the financial position of the
Company which have occurred between March 31,2024 and the date of this Report, other than those
disclosed in this Report-

11)) Material orders passed by the regulators/court/ tribunals impacting the going concern status and
tile Companies future operations:

There are no significant and material orders passed by the regulators/courts/tribunals which would
impact the going concern status of the Company and its future operations,

11) Management Discussion and Analysis Report;

The Management Discussion and Analysis report has been separately annexed to the Annual Report
and forms a part of the Annual Report

12) Corporate Social Responsibility (CSR);

As per the provisions of Section 135 of the Companies Act, 2013, Coipoiate Social Responsibility
(^NCSR") is not applicable to your Company as it docs not satisfy any criteria prescribed.

13) Auditors and their Reports:

Statutory Auditor’s

M/s SCA AND ASSOCIATES, Chartered Accountants are tbt Statutory Auditors of the Company
who hold office for a term of 5 (five) consecutive years from the 21* Annual General Meeting of the
Company held on September 30, 2020 till the 32ⁿⁱ Annual General Meeting of the Company,

The Report given by the Auditors on the financial statement of the Company forms pan of this
Report. There has been no qualification, reservation, adverse remark or disclaimer given by the
Auditors in their Report and notes to the Accounts wherever given are self-explanatory hence do not
require any clarification by the Directors or the Company.

Secretarial Auditor's

As required under provisions of Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board has appointed
Mr. KaushaJ Doshi, proprietor of M/s. Kaushal Dos hi £ Associates (CP No. 13143), Practicing
Company Secretary, to act as Secretarial Auditor of the Company and 1o undertake Secretarial Audit
of the Company.

The Secretarial Audit Report in Form MR-3 for the FY 2021-24 is annexed herewith as ^,JAnnexure
A^tF and forms pad of the Board's Report The Secretarial Report doesn't contain any qualification,
reservation OX adverse remark, however the comments given by the Secretarial Auditor are mentioned
in detail in the Report.

14) Secretarial Standards:

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

15) Matters related to Directors and Key Managerial Personnel:

In accordance with the provisions of Section 152 of the Companies Act. 2013 and Article of
Association of the Company, Mr. Harish Nisar (DIN: 02716666) Whole-Time Director of the
Company retires by rotation at the forthcoming Annual General Meeting and being eligible has
offered himself for re-appointment- The Board recommends his reappointment. The resolution For his
reappointment is incorporated m the Notice of the ensuing Annual General Meeting, and the brief
profile and other information as required under Regulation 36(3) of SEB1 (Listing Obligations and
Disclosure Requirements) Regulations. 2015 ("Listing Regulations'¹) relating to him forms part of the
Notice of ensuing Annual General Meeting.

During the year Mr, Yogesh Shah (DIN: 02774568), Mr. Vatsal Shah (DIN: 01839985), Mr Sudhir
Mehta {DIN: 03187758) and Ms. Tejal Mehta (DIN 01896772) ceased to be an Independent
Directors of the Company upon completion of 2 consecutive terms of 5 years each at the closure of
business hours on 31 st March, 2024

Further Ms. Srishri Raghani rendered her resignation w.e.F 13.07.2023 and Ms. Jyoti Singh was
appointed as the Company Secretary w.e.f. 04.08.2023.

During the year under review, based upon the recommendation of Nomination and Remuneration
Committee and subject to the approval of shareholders. Board has appointed Mr. Karan Rajendra
Mehta (DIN: 10566820), Ms, Shachi Maaish Shah (DIN: 10566841) and Mr. Du shy ant Say am
Ltlani (DIN: 06893481) as an Additional Director in the capacity of Non-Executive, Independent
Director of the Company for the first term of five years commencing from 1st April, 2024.

Further at the Extra-Ordinary General Meeting held on June 2B, 2024, Shareholders has appointed
Mr. Karan Rajcndra Mehta (DIN: 16566820), Ms. Shachi Mitnish Shah (DIN: 10566841) and Mr.
Dushyant Shyaiu LUarri (DIN: 06893481) as a Director in the capariry of Non-Executive.
Independent Director of the Company for the first term of five years commencing from 1st April,
2024,

During the year under review, there have been no circumstances affecting their slams as independent
directors of the Company. No Director of the Company is disqualified under any law to act as a
director.

During the year under review, the non-executive directors of the Company had no pecuniary
relationship or transactions with the Company, other than sitting fees, commission and
reimbursement of expenses incurred by them for the purpose of attending meetings of the
Board/Committce of the Company

Key Managerial Personnel: Mr, Deepai Chheda- Chairman & Managing Director, Mr. ilartsh
NiSBr-WhoieTime Director, Mr, Rohit Dedhia-Whole-Time Director, Mr Rohan Chheda- Chief
Financial Officer and Ms. Jyoti Singh-Company Secretary are the Key Managerial Personnel of the
Company in accordance with the provisions of Sections 2(51), 203 of the Act read with Companies
(Appoint mem and Remuneration of Managerial Personnel) Rules, 2014 (including any statutory
modiftcation(s) or re-enactmenifs) for the time being in force).

The Composition of Board of Directors and Key Managerial Personnel as on date of Board Report is
as under

16) Committees of the Board:

Currently, the Board lias three Committees: The Audit Committee, The Nomination and
Remuneration Committee and Stakeholders¹ Relationship Committee. A detailed note on the
composition of the Board and its committees is provided in the Corporate Governance Report section
of this Annual Report,

17) Disclosures given by the Directors:

The Company has received various disclosures from the Directors as specified below:

* Form MBP-1: The Company received disclosure of interest from all its Directors pursuant to Section
134 of the Companies Act, 2013 and rules made thereunder in Form MDP-1.

* Decjatatiop under Section 164: The Company has received declaration from all the Directors
informing that they ire not disqualified from being appointed/ re-appointed or continuing as
Directors pursuant to Section 164 of the Companies Act, 2013 and rules made thereunder.

* Declaration by Independent Directors: The Company has received necessary declaration from each
Independent Director under section 149(7) of the Companies Act, 2013 and rules made thereunder,
that he/she meets the criteria of independence laid down in Section 149(6) of the Companies Act,
2013

IS) Directors' Responsibility Statement:

Pursuant to the requirements under Section 134(5) of the Act with respect to Directors’ Responsibility
Statement, it ss hereby confirmed that:

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

ii, the Directors had selected such accounting policies and apphed 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 financial year and of the profit of the Company For the year
ended On the date;

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

iv. the annual financial statements for the financial year ended March 31, 2024 have been prepared on a
going concern basis;

v. proper internal financial controls were in place and that the financial controls were adequate and
were operating effectively.

vi. propCT systems have been devised to ensure compliance with the provisions of all applicable laws and
that such systems were adequate and operating effectively.

19) Number of Meetings of Board:

During the Financial Year 2Q23-24, the Board met 5 (Five) times Lt, (i) May 26, 2023 (ii) August 4,

2023 (iii) November 8, 2023 (iv) February 6, 2024 and (v) March 29, 2024 The maximum interval
between any two board meetings did not eiteed one hundred and twenty days.

As required under Section 134(3) of the Companies Act, 2013, and the rules framed thereunder, the
composition and meetings of board of directors and other committee meetings were in line with the
provisions of the Companies Act, 2013 and the Listing Regulations, details of which alongwith
composition, number of meetings of all other Board Committees meeting, held during the year under
review and attendance at the meetings are provided in the Report on Corporate Governance, forming
a part of this Annual Report,

20) Policy on Directors¹ Appointment and Remuneration:

The policy of the Company on Directors' appointment and remuneration, including criteria for
determining qualifications, positive attributes, independence of a Director and other matters, as
required under sub-section (3) of Section 178 of the Companies Act, 2013, is available on our website
hKyi ^rpflittFvnFtA There has been no change in the policy since the last financial year, We affirm
that the remuneration paid to the Directors is as per the terms laid out in the Nomination and
Remuneration Policy of the Company.

21} AjHjnal Evaluation of Directwrs_t Committee & Board:

The performance evaluation of Non Jndependen; Directors and the Board as a whole, Committee?
thereof and Chairman of the Company was carried out by Independent Directors. Pursuant to the
provisions of the Act, the Nomination & Remuneration Committee (NRQ specified the manner of
effective evaluation of the performance of the Board, its Committees and individual Directors
Further, pursuant to Schedule IV of the Act and Regulation 17(10} of the SEBI (Listing Obligations
and Disclosures Requirements) Regulations, 2015, the evaluation of Independent Directors was done
by the Board of Directors, the directors who were subject to evaluation did not participate as
prescribed under Regulation 17(10) of SFBI (Listing Obligations and Disclosures Requirements)
Regulations, 2015.

The Company has received declarations from each of the Independent Directors confirming that they
meet the criteria of independence as provided in the Companies Act, 2013 and SEBJ (Listing
Obligations and Disclosures Requirements) Regulations, 2015.

22) Extract of Annual Return:

Pursuant to section 92(3) read with Sec 134 (3) (a) of the Act, the Annual Return as on March 31,

2024 is available on the Company's website Od http://www.mdimH.net/other-eomnliUnic-atiml.html.

23) Corporate Governance;

As per the SERI (Listing Obligations and Disclosures Requirements), 2015, introduced pursuant tn
5EBI Notification No. SEBI/LAD-NRO/GN/2015-16/013 dated September 2_t 2015, which became
effective torn December 1, 2015 read with Regulation 15[2)(a) of SfiBI (Listing Obligations and
Disclosures Requirements), 2015, Regulation 27(2)(a) is applicable to only those listed entities having
paid-up Equity Share Capital exceeding Ss. 10 Crores and Net Worth exceeding Rs, 25 Crores. in
light of the same the Company has informed BSE Limited regarding the non-applicability of
Regulation 27(2)(a) ofSEBT (lasting Obligations and Disclosures Requirements) Regulations 2015.

Even though the provisions of corporate governance ss entailed under the aforementioned SEB1
Regulation is not applicable, your Company has voluntarily complied with some of the criteria
specified in Regulation 27 of SEBi (Listing Obligations and Disclosures Requirements) Regulations,
2015, to the extent possible.

A Report od Corporate Governance as per the provisions of SEBI (Listing Obligations and
Disclosures Requirements) Regulations, 2015 forms part of this Annual Report.

24) Vigil Mechanism/ Whistle Blower Policy:

Pursuant to Section 177 of the Companies Act, 2013 the Company has a Vigil Mechanism/'Whistle
Blower to deal with instance of fraud and mismanagement,

Under the Vigil Mechanism/Whistle Blower, the confidentiality of those reporting violarion(s) is
protected and they arc not subject to any discriminatory practices.

The said Vigil Mechanism/Whiak Blower can be accessed at the following link;
http://wwwjQdiurn.net/oodts-polides.html,

25) R odium's Code of Conduct for the Prevention of Insider Trading:

The Insider Trading Policy of the Company covering code of practices and procedures for fair
disclosures of unpublished price sensitive informs*on and code of conduct for the prevention of
insider trading es available on our website ;ittp:/ ' www.ruJtuin.net/codes-: olicies.html.

26) Risk Management

The Company has in place a process to inform foe Board about foe risk assessment and minimization
procedures. It has an appropriate risk management system in place for identification and assessment
of risks, measures to mitigate them, and mechanisms for their proper and timely monitoring and
reporting Presently, Regulation 21 of the SEBI (Listing Obligations and Disclosures Requirements)
Regulations, 2015 with respect to Risk Management Committee is not applicable to your Company.

27) Particulars Df Employees and Remuneration:

The ratio of remuneration of each director to the median employee's remuneration as per Section
197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 forms a pan of the Board's Report - '‘Annexure
B’\

28) Disclosure Under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
RedressaJi Act, 2013:

The Company has complied with provisions relating to the constitution of Internal Complaints
Committee under the Sexual Harassment of Women at Workplace (Prevention. Prohibition and
Redressal) Act, 2013.

The number of complaints received during the year 2023-2 014 and iheii status is given below:

29) Related Party Transactions;

Ail the transactions/contracts/arrangements of the nature as specified in Section 188(1) of the
Companies Act, 2013 entered by the Company during the year under review with related parities}
are in ordinary course of business and on arm's length and are placed before the Audit Committee
and Board for review and approval.

There are no materially significant related party transactions made by the Company with Promoters,
Directors, Key Managerial Personnel or other designated persons which may have a potential conflict
with the interest of the Company at large

The particulars of contracts or arrangements with related parties referred to in Section 188(1) and
applicable rules of the Companies Act, 2013 in Form AOC-2 is provided as '‘Annexurc C” to this
Annual Report and forms part of the Directors R eport.

30) Dr materialization:

Your Company's Equity Shares are available for dematerializatiori through National Securities
Depository Limited and Central Depository Services (India) Limited. As on March 31, 2024,
32,21,0915 Equity Shares, constituting 99 18% of the Equity Shares of your Company, were held in
demaieiialized form.

31) Listing:

The Company’s Equity Shares are presently listed with the BSE Limited under Security IP-
RODIUM, Security Code- 531822.

32) Subsidiary Companies /LLP's:

Your Company is a partner in the following Subsidiary LLPs as of March 31,2024:
i ¹¹ Rodjum Housing LLF" (LLP Identification Number: AAO-9257)

ii. "Readystage LLP" [LLP Identification Number AAI-7135)

iii, "81 Estate LLF¹¹ (LLP Identification Number; AAJ-6447)

jv, "Fluid Realty LLP" (LLP Identification Number AAO-9376).

v. "Xperia Realty LLP” (LLP Identification Number: AAO-9372)

vi. "Radium Digital Inc^M (Wholly Owned Subsidiary of Rodium Realty Limited!

There have been r>0 significant operations in the any of the Subsidiary LLP above during the financial
year 2023-2024.

Pursuant to provisions of Section J 29(3) and rule 5 of Companies (Accounts) Rules, 2014 of the Act,
a statement containing the salient features of the financial statements of the Company 's subsidiary in
Form ACC I is annexed herewith as “Anncxurc D”.

Associate Companies: As of March 31,2024, no company is an associate of the Company.

Except provided herein, no other company became or ceased to be a Subsidiary I Associate / Joint
Venture company of the Company.

33) Consolidated Financial Statements:

The audited financial statements of the Company are drawn up, both on standalone and consolidated
basis, for the financial year ended March 31, 2024, in accordance with the requirements of the
Companies (Indian Accounting Standards) Rules, 2015 (Tnd-AS) notified under Section 133 of the
Act, read with relevant rules and other accounting principles The Consolidated Financial Statements
have been prepared in accordance with Ind-A$ and relevant provisions of the Act based on the
financial statements received from subsidiaries LLPs.

The financial statements of Subsidiary LLP's as per the provisions Of Companies Ad. 2013 are not
attached along with the financial statements of The Company. Separate audited financial statement of
each of the subsidiaries is placed on the website of the Company at web link
hu. Ý [www, rod i u rti.net/ subsidi j: v -comf: an \. himl.

In terms of Section 136 of the Companies Act, 2013 ('the Act^f)_f the Financial statements and other
documents of the Subsidiary Company are not required la be Sent to the members of the Company.
However, the financial information of the Subsidiary Company is disclosed in the Annual Report
wherever required. The Company will provide a copy of the Audited annual accounts m respect of its
Subsidiary to any shareholder of the Company who requests for il and the said Audited annual
accounts will also be kept open for inspection at the Registered Office of your Company

34) Revision of Financial Slat era Hits or Board's Report:

There were no revisions of financial statements or Board’s Report as per the provisions of Section 131
of Companies Act, 2013 and rules made thereunder,

35) Internal Financial Controls:

The Internal Financial Controls with reference to financial statements as designed and implemented
by the Company are adequate. During the year under review, no material or serious observation has
been received from the Statutory Auditors and the Internal Auditors of the Company on the
inefficiency cr inadequacy of such controls.

36) Internal Control Systems:

Adequate internal control systems commensurate with the nature of the Company's business and sikc
and complexity of its operations are in place and have been, operating satisfactorily Internal control
systems comprising of policies and procedures are designed to ensure reliability of financial repotting,
timely feedback on achievement of operational and strategic goals, compliance with policies,
procedure, applicable laws and regulations. Internal control systems are designed to ensure that all
assets and resources are acquired economically, used efficiently and adequately proteeted.

37) Maintenance of Cost Records as Specified by the Central Government under Sob-Section (I) of
Section 148 of the Companies Act, 2013:

The Provisions for the maintenance of cost records for any of the products/services of the Company
under sub-section (1) of section 148 of the Act and rules made thereunder as prescribed by the Central
Government of India is not applicable to your Company.

38) Details in respect of frauds reported by auditors under sub-sect ion {12} of section 143 other than
those w hich are reportable to the Central Government:

No case of fraud was reported by the Company 's Auditors during the year, pursuant to the provisions
of Section 143(1 Z) of the Companies Act. 2013,

39) Conservation of energy, research and development, technology absorption, foreign exchange
earnings and outgo:

The dciads of conservation of energy, technology absorption, foreign exchange earnings and outgo
are as follows:

A. Conservation of energy

There are no such particulars of the Company which arc required to be given in terms of Section
134{3)(m) read with Rule 8(3) of Chapter IX Rules of the Companies Act, 2013 regarding
conservation of energy,

B. Research and Development (HAD)

Expenditure on R & D for the year ended March 31, 2024 was NIL (previous year: NIL).

C. Technology absorption

There are no such particulars of the Company which are required to be given in terms or Section
I34(3)(m) read with Rule 8(3) of Chapter IX Rules of the Companies Act, 2013 regarding technology
absorption.

D. Foreign Exchange Earnings and Expenditures

Tola! foreign exchange earnings & outgo for the current F. Y. 2023-2024 and previous F.Y,2032-2023
were NIL.

40) Business Responsibility and Sustainability Report: Presently, the requirement of publishing
Business Responsibility and Sustainability Report (BR5R) under Regulation 34(2X0 of SEB1 (Listing
Obligations and Disclosures Requirements) Regulations, 2015 is not applicable to your Company.

41) Unclaimed and Unpaid Dividends, and transfer of shares to IEFF;

Members who have not yet rtodved/claimcd their dividend entitlements are requested to contact the
Company or che Registrar and Transfer Agents of the Company

Pursuant to Section 124 of the Companies Ad, 2013 read with the Investor Education Protection
Fund Authority (Accounting Audit, Transfer and Refund) Rules, 2016 ("Rules¹’}, all dividends
remaining unpaid or unclaimed for a period of 7 years and also the shares in respect of which the
dividend has not been claimed by the shareholders for 7 consecutive years or more are required to be
transferred to Investor Education Protection Fund in accordance with the procedure prescribed in the
Rules,

Kindly refer section on Corporate Governance, under head “Transfer of unpaid,/ unclaimed amounts
to I ivcstor Education and Protection Fund" for the list of unclaimed and unpaid dividends lying with
the Company.

42} insolvency Proceedings

There is no application made by the Company or any proceedings initialed against the Company
under Insolvency and Bankruptcy Code, 2016 (31 of 2016) the during the year,

43} Valuation for One-time settlement

During the financial year 2023-24, no event has taken place that give rise to reporting of details w.rl.
difference between amount of the valuation dune at the time of onetime settlement and the valuation
done while taking loan from the Banks or Financial Institutions.

44) Cautionary Statement:

Certain Statements in this Annual Report describing the Company's objectives, projections,
estimates, expectations or predictions may be “forward looking statements" wrihir, the meaning of
applicable securities laws and regulations. Actual results could differ materially from those expressed
or implied, Important factor that could make a difference to the Company's operations include taw
maternal availability and its prices, regulatory hurdles m project approvals, changes in Government
regulations, introduction of new acts, tax structure, economic development of the country and other
incidental factors.

45) AcknowledgemniU:

Your Directors would like to express their sincere appreciation for the co-operation and assistance
received from shareholders, debenture holder*, debenture trustees, bankers, financial institutions,
government authorities, regulatory bodies and other business constituents during the year under
review. Y our Directors afro wish to place on record their deep sense of appreciation for the
com mil men i displayed by all executives, officers and staff.

By order of the Board,

For Rodium Realty Limited

Sd/- SdA

Deepak Chheda Rohit Dedhia

Managing Director Whole-Time Director

(DIN: 00419447) (DIN: 02716686)

Plan: Mumbai

Date: September 03, 2024