Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result of
a past event, it is probable than 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. When the Company expects
some or all of the provisions to be reimbursed, the
expenses relating to the provisions is presented in the
statement of profit and loss net of any reimbursement.
If the effect of the time value of the money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provisions due to the passage of time is recognised as a
finance cost.
Contingent liability is a possible obligation arising 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 or a present obligation
that arises from past events but is not recognized
because it is not probable that an outflow of resources
embodying economic benefits will be required to
settle the obligation or the amount of the obligation
cannot be measured with sufficient reliability.
The Company does not recognize a contingent liability
but discloses its existence in the financial statements."
Contingent assets
Contingent assets has to be recognised in the financial
statements in the period in which if it is virtually
certain that an inflow of economic benefits will arise.
Contingent assets are assessed continually and no
such benefits were found for current financial period.
Provisions, contingent liabilities and contingent assets
are reviewed at each Balance Sheet date."
1.3.15 Events after reporting date
Where events occurring after the balance sheet date
provide evidence of conditions that existed at the end
of the reporting period, the impact of such event is
adjusted within the financial statements. Otherwise,
events after the balance sheet date of material size or
nature are only disclosed.
1.3.16 Earnings per share
Basic earnings per share is calculated by dividing the
net profit or loss attributable to equity holders of parent
company (after deducting preference dividends and
attributable taxes) by the weighted average number
of equity shares outstanding during the period.
Partly paid equity shares are treated as a fraction of
an equity share to the extent that they are entitled to
participate in dividends relative to a fully paid equity
share during the reporting period. The weighted
average number of equity shares outstanding during
the period is adjusted for events such as bonus issue,
bonus element in a rights issue, share split, and
reverse share split (consolidation of shares) that have
changed the number of equity shares outstanding,
without a corresponding change in resources.
For the purpose of calculating diluted earnings per share,
the net profit or loss for the period attributable to equity
shareholders of the Company and the weighted average
number of shares outstanding during the period are
adjusted for the effects of all dilutive potential equity
shares."
1.4 Recent accounting pronouncements
The Ministry of Corporate Affairs (MCA) notifies new
standards or amendments to the existing standards
under companies (Indian accounting standard) Rules
as issued from time to time. For the year ending 31st
March 2025, MCA has not notified any new standards
or amendments to the existing standards applicable to
the Company.
B Terms and rights attached to equity shares
The Company has only one class of issued, subscribed and paid up equity shares having a par value of C10/- each per
share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian
rupees. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number
of equity shares held by the share holders.
C Bonus Shares/ Buy back shares for consideration other than cash issued during the past five years:
(1) Aggregate number and class of shares allotted as fully paid up pursuant to contracts without payment being
received in Cash - Nil
(2) Aggregate number and class of shares allotted as fully paid up by way of Bonus shares - Nil
(3) Aggregate number and class of Shares bought back - Nil
Nature and purpose of reserves
Capital reserve
The reserve comprises of profits/gains of capital nature earned by the Company and credited directly to such reserve.
Securities premium
Securities premium is used to record the premium on issue of shares. The reserve is utilized in accordance with the provisions
of the Act.
Revaluation reserve
A revaluation reserve is an equity account created to record the increase in value of a company's assets when their current
market value exceeds their historical cost, reflecting unrealized gains that are not distributable as profits.
General reserve
General reserve represents appropriation of retained earnings and are available for distribution to shareholders.
Capital reduction reserve
Capital reduction reserve reflects the decrease in a company's share capital.
Retained earnings
Retained earnings represents surplus/accumulated earnings of the Company and are available for distribution to
shareholders.
30 Operating segment
Ind AS 108 “Operating Segment” ("Ind AS 108”) establishes standards for the way that business enterprises report
information about operating segments and related disclosures about products and services, geographic areas, and major
customers. Based on the “management approach” as defined in Ind AS 108, Operating segments are to be reported in
a manner consistent with the internal reporting provided to the Board of directors, herewith after referred to as Chief
Operating Decision Maker (fCODM'). The CODM evaluates the Company's performance and allocates resources on
overall basis. The Company's operations fall within a single business segment “Hotelier”. Hence, no segment disclosures
of the Company is presented.
II. Fair value hierarchy:
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either
observable or unobservable and consists of the following three levels:
(a) Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices in an active market.
This includes listed equity instruments, traded debentures and mutual funds that have quoted price/ declared
NAV. The fair value of all equity instruments (including debentures) which are traded in the stock exchanges is
valued using the closing price as at the reporting period.
(b) Level 2: Level 2 hierarchy includes financial instruments that are not traded in an active market (for example,
traded bonds/debentures, over the counter derivatives). The fair value in this hierarchy is determined
using valuation techniques which maximise the use of observable market data and rely as little as possible
on entityspecific estimates. If all significant inputs required to fair value an instrument are observable, the
instrument is included in Level 2.
(c) Level 3: If one or more of the significant Inputs is not based on observable market data, the instrument is
included in Level 3. Fair values are determined in whole or in part using a valuation model based on assumptions
that are neither supported by prices from observable current market transactions in the same instrument
nor are they based on available market data. Financial instruments such as unlisted equity shares, loans are
included in this hierarchy.
III. Valuation techniques used to determine fair value
Specific valuation techniques used to value financial instruments include :
- the fair value of certain unlisted equity shares are determined based on the income approach or the comparable
market approach, and for certain equity shares equals to the cost
- the fair value for the currency swap is determined using forward exchange rate for balance maturity.
- the fair value of interest rate swaps is calculated as the present value of the estimated future cash flows based
on observable yield curves.
- the fair value of the forward foreign exchange contracts is determined using forward exchange rates at the
balance sheet date.
- the fair value preference shares and the remaining financial instruments is determined using discounted cash
flow analysis. The valuation model considers the present value of expected receipt/payment discounted
using appropriate discounting rates.
The investments included in level 3 of the fair value hierarchy have been valued using the discounted cash flow
technique to arrive at the fair value.
32 Financial risk management
Risk Management Framework
The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's
risk management framework. The board of directors is responsible for developing and monitoring the Company's risk
management policies.
The Company's risk management policies are established to identify and analyze the risks faced by the Company, to
set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and
systems are reviewed regularly to reflect changes in market conditions and the Company's activities. The Company,
through its training and management standards and procedures, aims to maintain a disciplined and constructive control
environment in which all employees understand their roles and obligations.
The Audit Committee oversees how management monitors compliance with the Company's risk management
policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced
by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both
regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit
committee.
(A) Credit risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to
meet its contractual obligations, and arises principally from the Company's receivables from customers, cash and
cash equivalents and other bank balances, derivatives and investment securities. The carrying amounts of financial
assets represent the maximum credit exposure.
(a) Trade receivables from customers
The Company does not have any significant credit exposure in relation to revenue generated from its
hospitality business. Sale limits are established for each customer, reviewed regularly and any sales exceeding
those limits require approval from the appropriate authority. There are no significant concentrations of credit
risk within the Company.
Impairment
The ageing of trade and other receivables that were not impaired was as follows.
(c) Derivatives
The company has not entered into any derivative contracts.
(d) Other financial assets
Other financial assets are neither past due nor impaired.
(B) Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with
its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to
managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they
are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to
the Company's reputation.
(b) Maturities of financial liabilities
The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts
are gross and undiscounted, and include estimated interest payments and exclude the impact of netting
agreements.
The Company has sufficient current assets comprising of Trade Receivables, Cash & Cash Equivalents, Other
Bank Balances (other than restricted balances), Loans and Other Current Financial Assets to manage the
liquidity risk, if any in relation to current financial liabilities.The Company has overdraft facilities, general
corporate borrowings, which are used to ensure that the financial obligations are met as they fall due in case
of any deficit.
(c) Capital risk management
The Company's policy is to maintain a strong capital base so as to maintain investor, creditor and market
confidence and to sustain future development of the business. Management monitors the return on capital as
well as the level of dividends to ordinary shareholders. The Company monitors capital using a ratio of 'adjusted
net debt' to 'adjusted equity'. For this purpose, adjusted net debt is defined as total borrowings, comprising
interest-bearing loans and borrowings, less cash and cash equivalents and bank deposits. Adjusted equity
comprises all components of equity.
(C) Market risk
Market risk is the risk that changes in market prices such as foreign exchange rates and interest rates will effect the
Company's income or the value of its holdings of financial instruments. Objective of market risk management is to
manage and limit exposure of the company's earnings and equity to losses.
(a) Currency risk
The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or
loss and other comprehensive income, 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.
Considering the countries and economic environment in which the Company operates, its operations are
subject to risks arising from fluctuations in exchange rates in those countries. The risks primarily relate
to fluctuations in US Dollar against the functional currencies of the Company. The Company, as per its risk
management policy, uses natural hedge technique of adjusting foreign currency receivables against currency
payables. The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure
to exchange rate risks. Exposure to all other foreign currencies other than US Dollar is not material.
Exposure to currency risk
The summary quantitative data about the Company's exposure to currency risk as reported to the management
of the Company is as follows. The following are the remaining contractual maturities of financial liabilities at
the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and
exclude the impact of netting agreements.
(b) Interest rate risk
Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk
is the risk of changes in fair values of fixed interest bearing financial assets or borrowings because of fluctuations in
the interest rates, if such assets/borrowings are measured at fair value through profit or loss. Cash flow interest rate
risk is the risk that the future cash flows of floating interest bearing borrowings will fluctuate because of fluctuations
in the interest rates. The Group adopts a policy to hedge the interest rate movement in order to mitigate the risk
with regards to floating rate linked loans based on the market outlook on interest rates. This is achieved partly
by entering into fixed rate instruments and partly by borrowing at a floating rate and using interest rate swaps as
hedges of the variability in cash flows attributable to interest rate risk.
No borrowings are obtained as interest swaps as on 31 March 2025 and 31 March 2024.
Fair value sensitivity analysis for fixed-rate instruments
The Company's fixed rate borrowings are carried at amortized cost. They are therefore not subject to interest rate
risk as defined in Ind AS 107 Financial Instruments: Disclosures, since neither the carrying amount nor the future
cash flows will fluctuate because of a change in market interest rates.
Cash flow sensitivity analysis for variable-rate instruments
A reasonably possible change of 100 basis points in interest rates at the reporting date would have increased/
(decreased) profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular
foreign currency exchange rates, remain constant. In cases where the related interest rate risk is capitalized to
fixed assets, the impact indicated below may affect the Company's income statement over the remaining life of the
related fixed assets.
(ii) Defined Benefit Plans
Gratuity
The company provides for gratuity for employees as per the Payment of Gratuity Act, 1972. The amount of gratuity
payable on retirement/termination is the employees last drawn basic salary plus Dearness allowance per month
computed proportionately for 15 days salary multiplied with the number of years of service. The company operates
post retirement gratuity plan with LIC of India. The present value of obligation is determined based on actuarial
valuation using the Projected Unit Credit Method, which recognises each period of service giving rise to additional
unit of employee benefit entitlement and measures each unit separately to build up the final obligation.
The above sensitivity analysis is based on a change in each assumption while holding all other assumptions constant.
In practice, this is unlikely to occur and changes in some of the assumptions may be correlated. When calculating
the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same method (present
value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting
period) has been applied as when calculating the defined benefit liability recognised in the balance sheet.
Risk exposure
Through its defined benefit plans, the company is exposed to a number of risks, the most significant of which are
detailed below:
Interest rate risk:
The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the
defined benefit obligation will tend to increase.
Salary inflation risk:
Higher than expected increases in salary will increase the defined benefit obligation.
Demographic risk:
This is the risk of variability of results due to unsystematic nature of decrements that include mortality, withdrawal,
disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward
and depends upon the combination of salary increase, discount rate and vesting criteria. It is important not to
overstate withdrawals because in the financial analysis the retirement benefit of a short career employee typically
costs less per year as compared to a long service employee.
Regulatory Risk:
Benefit is paid in accordance with the Rules of Establishment (as may be amended from time to time). There is a risk
of change in provisions of Rules requiring higher Plan Benefit pay outs (e.g, change in benefit formula).
Asset Liability Mismatching or Market Risk:
The duration of the liability is longer compared to duration of assets, exposing the Company to market risk for
volatilities/fall in interest rate.
Investment Risk:
The probability or likelihood of occurrence of losses relative to the expected return on any particular investment.
36 Additional disclosure under the regulatory requirements:
(i) There are no proceeding initiated or pending against the Company as at 31 March 2025 and as at 31 March 2024,
under Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016).
(ii) The Company is not declared a wilful defaulter by any bank or financial institution or other lender.
(iii) The Company has no such transaction which is not recorded in the books of account 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).
(iv) The Company have not advanced or loaned or invested funds (either from borrowed funds or share premium or any
other sources or kind of 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.”
(v) 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 Company 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.”
(vi) The Company has not entered into any transaction with the companies struck off as per Section 248 of the
Companies Act, 2013 or Section 560 of the Companies Act, 1956.
(vii) The Company has not traded or invested in crypto or virtual currency during the current year and previous
year.
(viii) There are no Loans or Advances except as disclosed in note 4.6, in the nature of loans are granted to promoters,
directors, KMPJs and the related parties (as defined under the Companies Act, 2013,) either severally or jointly with
any other person, that are:
(a) repayable on demand; or
(b) without specifying any terms or period of repayment.”
(ix) Compliance with number of layers if companies prescribed under clause (87) of Section 2 of the Companies Act,
2013 read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable.
(x) The Company has not borrowed any money from banks or financial institutions on the basis of security of current
assets during the current year and previous year.
(xi) The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.
(xii) The Company has the following charges or satisfaction which are yet to registered with ROC beyond the
statutory period.
37 Insolvency and Bankruptcy Code
During the financial year 2017-2018, Corporate insolvency resolution process ("CIRP”) was initiated pursuant to a
petition filed by one of its financial creditors, Asset Reconstruction Company (India) Limited ("ARCIL”) under Section 7of
the Insolvency and Bankruptcy Code, 2016 ("IBC”). ARCIL filed the petition before the National Company Law Tribunal,
State Bench, Hyderabad ("Adjudicating Authority”) vide Company Petition No. (IB)-219/7/(HBD)/2017 on July 03, 2017.
The Adjudicating Authority admitted the said petition and the CIRP for the Company commenced on March 12, 2018.
Pursuant to this, based on the application made by the Committee of Creditors of the Company ("COC”), the Hon'ble
NCLT appointed Dr G.V. Narasimha Rao ("RP”) as the new Resolution Professional for conducting Corporate Insolvency
Resolution Process vide order dated April 13, 2022. Pursuant to COCJs approval of resolution plan dated September 29,
2022 as submitted by the Resolution Applicant, Anirudh Agro Farms Limited ("AAFL”), RP has filed an application for
the approval of the resolution plan as submitted by AAFL before Hon'ble NCLT on November 11, 2022. NCLT rejected
the said resolution plan on June 9, 2023 on technical grounds. The order of NCLT was challenged before the Hon'ble
National Company Law Appellate Tribunal, Chennai Bench ("NCLAT”). On October 6, 2023, NCLAT pronounced an order
in CA(AT)(CH)(Ins).No.166 of 2023 & 183 of 2023, appeals filed by the AAFL and COC respectively and allowed the IA
(IBC) 1343 of 2022 in CP(IB) N0.219/2017, an application filed by the RP for approval of the Resolution Plan submitted
by AAFL with NCLT under section 30 & 31 of the Insolvency and Bankruptcy Code, 2016.
The impact of the NCLAT Order is effective from the Trigger Date, i.e. October 10, 2023 and the same is reflected in the
financial results for the year ended March 31, 2024 & March 31, 2025
Accordingly, keeping in view the Order dated October 10, 2023:
i. As per the Resolution Plan and the order of NCLAT, Monitoring Committee ("MC”) consisting of Managing Agent
(former RP), 2 representatives from CoC (assenting creditors) and 2 representatives from AAFL were appointed.
AAFL, through its SPV, Loko Hospitality Private Limited infused the share capital (first tranche as per Resolution
Plan) of C 60,00,00,000 (Rupees Sixty Crores only) towards subscription of Equity shares and accordingly MC
confirmed that October 10, 2023 as the Trigger Date for the Resolution Plan and for payment of CIRP cost and
employee related dues, and payment to financial creditors in terms of the approved Resolution Plan.
The Monitoring Committee in its meeting held on October 11, 2023 has also approved the following in terms of the
Resolution Plan:
1. Cancellation and extinguishment of 56,87,781 Equity shares of C 10/- each held by the erstwhile Promoter
Group.
2. The Equity Shares held by the existing Public Shareholders were stand restructured, reduced, reorganized,
consolidated and extinguished (as required) as a part of this Resolution Plan such that the Equity Shares held
by the existing Public Shareholders post such restructuring and reorganization shall be 6,31,579 Equity Shares
constituting 1% (one percent) of the issued and paid - up equity share capital of the Company.
3. Issuance of 6,00,00,000 Equity Shares Face Value of C 10/- each to the Loko Hospitality Private Limited, the
SPV of Resolution Applicant representing 95% of the issued & paid up equity share capital of the Company.
4. The assenting financial creditors were further allotted 25,26,316 equity shares at face value of 10 each
aggregating to 253 Lakhs approx. representing 4°% of the issued & paid up equity share capital of the
Company.
5. The Resolution Plan provides for the payment of admitted claims of the Company in the following manner:
6. Extinguishment of balance FC Debt and balance Operational Creditor Dues:
Resolution Applicant shall extinguish the Balance FC Debt (including that owed to the Related Parties) and
other Operational Creditor dues on the Effective Date, on and with effect from the NCLAT approval date
by virtue of the order of the NCLAT approving the Resolution Plan by transferring the difference amount to
Reserves.
i. The issued, subscribed and paid-up share capital of the Company, post the said extinguishment,
reduction/consolidation and issuance shall stand at C6,315.79 Lakhs divided into 6,31,57,895 Equity
Shares of face value of C10/- each.
ii. Further, the Company had intimated to the Monitoring Committee that the Company plans to prepay
and settle in deferred tranches to various financial creditors ahead of the schedule proposed in the
Resolution Plan. Upon receiving the formal consents from the respective financial creditors, the Company
had made pre-payments and settled the dues of all the financial creditors during the quarter and nine
months ended December 31, 2023. Consequent to this, the entire dues of various financial creditors as
per the Resolution Plan, stand settled and discharged by the Company.
iii. Exceptional items for the year ended March 31, 2024, is C 318 Lakhs, which comprises of impairment of
investments in the subsidiary companies, due to accumulated losses in the subsidiaries.
iv. All the liabilities that have been extinguished are accounted as per the approved Resolution Plan.
v. As per the approved Resolution Plan, the Company had to pay C 8,923.14 Lakhs to certain assenting
Financial Creditors spread over a period of 675 days. However, the Company in mutual agreement with
the said Financial Creditors paid an upfront payment of C 6,795.05 Lakhs within a period of 60 days and
settled the liability thereby the differential amount of C 2,128.09 Lakhs is transferred to the Reserves.
vi. The company moved an application on December 18, 2023, with the income tax department for the
extinguishment of all the prior year demands under the Income Tax Act, 1961 pursuant to Hon'ble NCLAT
order dated October 6, 2023. Subsequently, consequential orders deleting the demands raised prior to
October 6, 2023, have been passed on March 14, 2024 giving effect to Hon'ble NCLAT order.
vii. As per the approved Resolution Plan, the holding company has extinguished the balance Financial
Creditors' debt (including that owed to the related parties) and other Operational Creditor dues on the
effective date i.e., 10 Oct 2023 by transferring the difference amount to Capital Reserves account. The
closing balance of reserves, including retained earnings, of the group as at 31 March, 2025 is C17,675.08
Lakhs.
38 Certain amounts reported in the previous year's financial statements have been reclassified to conform to the current
year's presentation. These reclassifications have no impact on the profit or loss or the net assets of the company and are
made solely to improve comparability and clarity of the standalone financial statements. The nature and impact of such
regroupings and reclassifications are as follows:
Standalone Statement of Profit and loss:
a. In Finance cost, only the interest expense and other borrowing costs are included. The other costs have been
presented under other expenses.
b. The director sitting fees is presented under Employee Benefit expenses which was earlier grouped under
other expenses.
Standalone Balance Sheet Items:
a. Capital Advances and Deposits with Government are regrouped from Other non-current financial assets to Other
non-current assets.
b. Retention Money and Deposits from Suppliers and Other Payables are reclassified from Other current liabilities to
Other current financial liabilities.
c. Non-current portion of provisions are reclassified to Non-current provisions.
d. Current maturities of lond debt is reclassified to Current borrowings from Other current liabilities.
e. Allowance for baddebts are netted off against Trade receivables from Current provisions.
f. Capital creditors are regrouped as separate line item under Other current financial liabilities from Trade payables.
g. Certain items of other current liabilities are regrouped from Current provisions to Other current liabilities.
h. Other deposits are regrouped from Other non-current assets to Other non-current financial assets.
i. Items relating to current tax assets(net) are regrouped from Other non-current assets and Current assets.
i. Balance relating to plan assets of gratuity trust is netted off against Provisions from Other non-current assets.
39 The Company did not have any long-term contract including derivative for which there were any material foreseeable
losses.
40 All amounts less than C 0.01 have been disclosed as C 0.00.
For M/s Deva & Co. For and on behalf of the Board of Directors of
Chartered Accountants M/s. Viceroy Hotels Limited
Firm Regn.no. 000722S CIN: L55101TG1965PLC001048
(M Devaraja Reddy) (Ravinder Reddy Kondareddy) (Anirudh Reddy Kondareddy)
Partner Managing Director & CEO Non-Executive Director
Membership No. 026202 DIN: 00040368 DIN: 08638985
Place: Hyderabad (Chappidi Siva Kumar Reddy) (Pradyumna Kodali)
Date: 19-05-2025 Company Secretary Chief Financial Officer
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