To,
The Members,
Ken Financial Services Limited
Your Directors have pleasure in presenting the Annual Report on the Business and
Operations of the Company together with the Audited Statement of Accounts of the Company
for the financial year ended on March 31, 2025.
1. Financial Results:
The financial results are summarized below:
(Amount in Hundreds)
Particulars |
For the year ended March 31, 2025 |
For the year ended March 31, 2024 |
| A Total Income |
59,888 |
58,007 |
| B Total Expenses |
48,524 |
46,544 |
| C Profit/(Loss) Before Tax |
11,364 |
11,463 |
| D Tax expense: |
|
|
| - Current Tax |
2,980 |
3,840 |
| - Deferred Tax |
12 |
(59) |
| E Profit/(Loss) after Tax |
8,372 |
7,682 |
2. Financial Performance:
During the year, the Company has earned Total Income of Rs.59,888/- hundreds in
comparison to Rs.58,007/- hundreds during the previous year. The Net Profit after tax is
Rs.8,372/- hundreds in comparison with Rs.7,682/- hundreds during the previous year. Your
directors are of the opinion of performing better in forthcoming year.
There is no change in the nature of business carried on by the Company during the
financial year ended March 31, 2025.
3. Dividend & Reserves:
For the expansion of business and for general corporate requirements, the Board of
Directors of your Company has decided that it would be prudent, not to recommend any
dividend on the Equity Shares of the Company for the financial year ended March 31, 2025
and no amount of profit earned during the year was transferred to General Reserve.
4. Listing with Stock Exchanges:
The Equity Shares of the Company are listed on BSE Limited (“BSE”).
5. Management Discussion & Analysis:
The Company is a non-systemically important non-deposit taking non-banking financial
company (NBFC) registered with the Reserve Bank of India (RBI) since March 24, 1998, with
registration number 13.00423 and classified as NBFC-Investment and Credit Company
(NBFC-ICC) pursuant to circular DNBR (PD) CC.No.097/03.10.001/2018-19 dated 22nd February,
2019. The Company is mainly engaged in the business of financing and continues to comply
with all the rules, regulations and the guidelines issued by RBI. There are no material
changes between the end of the financial year and the date of the report which may affect
the financial position of the Company. Management Discussion & Analysis report is
being given under Corporate Governance Report.
6. Dematerialization of Shares:
99.40% of Company's paid-up Equity Share Capital is in dematerialized form as on March
31, 2025 and the balance 0.60% is in physical form. The Company's Registrar and Transfer
Agent is M/s. Purva Sharegistry (India) Private Limited having their registered office at
Unit No.9, Shiv Shakti Industrial Estate, Gr. Floor, J R Boricha Marg, Lower Parel, Mumbai
- 400 011.
7. Internal Financial Controls:
Internal Financial Controls have been documented, automated wherever possible and
embedded in the respective business processes. Assurance to the Board on the effectiveness
of Internal Financial Controls is obtained through 3 Lines of defense which include:
a) Management reviews and self-assessment;
b) Continuous controls monitoring by functional experts; and
c) Independent design and operational testing by the Internal Audit function.
The Company believes that these systems provide reasonable assurance that the Company's
Internal Financial Controls are adequate and are operating effectively as intended.
8. Finance & Accounts:
The Company is having adequate resources at its disposal to meet its business
requirements and for efficient conduct of business. The Company has not raised any funds
by issue of any securities during the year.
Company has adequate financial resources at its disposal for carrying on its business.
Our company is required to prepare financial statements under Indian Accounting Standards
(Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the
Companies (Indian Accounting Standards) Rules, 2015.
The estimates and judgments relating to financial statements are made on prudent basis,
so as to reflect in a true and fair manner, the form and substance of transactions and
reasonably present the Company's state of affairs for the F.Y. 2024-25.
9. Subsidiaries, Joint Ventures and Associates Companies:
The Company does not have any Subsidiaries/ Joint Ventures/ Associate Companies.
Hence the statement containing salient features of the financial statement of
Subsidiaries/ Joint Ventures/ Associate Companies pursuant to first proviso to sub-section
(3) of Section 129 read with rule 5 of Companies (Accounts) Rules, 2014 under Form AOC-1,
is not applicable to the Company.
10. Deposits:
The Company has not accepted any deposits within the meaning of Section 73 of the
Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014.
11. Statutory Auditors:
(a) M/s. Satya Prakash Natani & Co. (having Firm Registration No. 115438W),
Chartered Accountants, Mumbai, hold office till the conclusion of the ensuing Annual
General Meeting and being eligible offers themselves for reappointment.
The Board recommends the reappointment of M/s. Satya Prakash Natani & Co. (having
Firm Registration No. 115438W), Chartered Accountants, Mumbai as the Statutory Auditors of
the Company for a term of five consecutive years i.e. from the conclusion of the ensuing
Annual General Meeting till the conclusion of the Annual General Meeting to be held in the
year 2030 for the approval of the members of the Company.
(b) The Auditors' Report is unmodified i.e. it does not contain any qualification,
reservation or adverse remark or disclaimer.
12. Secretarial Auditors:
(a) Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule
9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
Company had appointed M/s. Abhilasha Chaudhary & Associates, Practicing Company
Secretary, Mumbai, as the Secretarial Auditor of the Company for the F.Y. 2024-25.
(b) The Secretarial Audit Report for the financial year ended March 31, 2024 is annexed
as Annexure A. The Secretarial Audit Report is unmodified i.e. it does not contain any
qualification, reservation or adverse remark or disclaimer.
(c) As per Regulation 24A(1)(b) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, the Board recommends the
appointment of M/s. N. Bagaria & Associates (having Firm Unique Identification No.
P2007MH008300 and Peer Review Certificate No. 1020/2020), Practicing Company Secretaries,
Mumbai as the Secretarial Auditors of the Company to conduct secretarial audit for a first
term of 5 (five) consecutive years commencing from the financial year 2025-26 till the
financial year 2029-30 for the approval of the members of the Company.
13. Internal Auditors:
The internal audit function provides an independent view to the Board of Directors, the
Audit Committee and the Senior Management on the quality .and efficacy of the internal
controls, governance systems and processes. The Internal Auditor monitors and evaluates
the efficacy & adequacy of internal financial controls & internal control system
in the Company that has been put in place to mitigate the risks faced by the organization
and thereby achieves its business objective.
In terms of Section 138 of Companies Act, 2013 and Rules made thereunder, M/s. P N S V
& Co., Chartered Accountants are the Internal Auditors of the Company.
14. Cost Auditors:
The provisions of Cost Audit as prescribed under Section 148 of the Companies Act, 2013
are not applicable to the Company.
15. Reporting of Fraud by Auditors:
During the year, the Statutory Auditors and Secretarial Auditor have not reported, any
incident of fraud committed in your Company by its Officers or Employees, to the Audit
Committee and / or to the Board under Section143(12) of the Companies Act, 2013.
16. Annual Return:
Pursuant to Section 92(3) and 134(3)(a) of the Companies Act, 2013 read with Rule 12 of
the Companies (Management and Administration) Rules, 2014, the copy of Annual Return can
be accessed at Company's website at www.ken-fin.com.
17. Foreign Exchange Earnings / Outgo:
The Company has neither incurred any expenditure nor earned any income in foreign
exchange.
18. Particulars Regarding Conservation of Energy, Technology Absorption:
Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies
(Accounts) Rules, 2014 requires disclosure of particulars regarding conservation of Energy
and Technology absorption.
The Company is not having manufacturing facilities of its own; therefore, the
information as required under this clause is not applicable to the Company.
19. Unsecured Loans from Directors:
The Company has not received any loan (secured/ unsecured) from the Directors of the
Company during the year under review.
20. Corporate Social Responsibility (CSR):
The Company does not fall under the prescribed class of companies' u/s 135(2) of the
Companies Act, 2013 read with Rule 8 of the Companies (Corporate Social Responsibility)
Rules, 2014. Hence CSR is not applicable to the Company.
21. Human Resources:
The Company has highly committed, loyal and dedicated team. The Company promotes an
atmosphere which encourages learning and informal communication within the organization.
The Company is having Performance Management System to objectively measure the
performance of the individual and the organization. The overall remuneration structure is
linked with such system. The other required safety norms were followed throughout the
company.
22. Meetings of the Board:
The Board of Directors of the Company duly met 6 (six) times during the F.Y. 2024-25 on
30-05-2024, 25-07-2024, 13-08-2024, 14-11-2024, 21-11-2024 and 21-01-2025. Details of the
meetings and attendance thereat form part of the Corporate Governance Report.
The gap between two Board meetings was within the limit prescribed under Section 173(1)
of the Companies Act, 2013 and Regulation 17(2) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
23. Disqualification of Directors:
During the year, the Company has received Form DIR-8 from all Directors as required
under the provisions of Section 164(2) of the Companies Act, 2013 read with Companies
(Appointment and Qualification of Directors) Rules, 2014 that none of the Directors of
your Company is disqualified to hold office as director and debarred from holding the
office of a Director.
24. Board of Directors and Key Managerial Personnel:
(i) Cessation of Independent Director:
Mr. Manoj Kumar More (holding DIN 00040190), Independent Director of the Company,
completed his second and final term as an Independent Director and consequently ceased to
be a Director of the Company w.e.f. 30th May, 2024.
(ii) Appointment of Additional Director - Independent Director:
The Board of Directors of the Company appointed Mr. Rajesh Babulal Sodani (holding DIN
05010096), as an Additional Director - Independent Director on the Board with effect from
30th May, 2024.
Subsequently, the members of the Company, at their 30th AGM held on Friday, 23rd
August, 2024, appointed Mr. Rajesh Babulal Sodani as an Independent NonExecutive Director
of the Company to hold office for a term of five consecutive years i.e. from August 23,
2024 to August 22, 2029.
(iii) Resignation of Independent Director:
Mr. Rajesh Babulal Sodani (holding DIN 05010096), Independent Director of the Company,
resigned as an Independent Director of the Company with effect from the close of business
hours of 21st November, 2024.
(iv) Appointment of Additional Director - Independent Director:
The Board of Directors of the Company appointed Mr. Harish Sitaram Sharma (holding DIN
07332874), as an Additional Director - Independent Director on the Board with effect from
21st November, 2024.
Subsequently, the members of the Company, at their 01/20245-25 Extra Ordinary General
Meeting held on Monday, 17th February, 2025, appointed Mr. harish Sitaram Sharma as an
Independent Non- Executive Director of the Company with effect from 17th February, 2025 to
hold office for a term of five consecutive years i.e. up to 16th February, 2030.
(v) Appointment of Director retiring by rotation:
Mr. Praveen Kumar Modi (holding DIN 08428737) Director of the Company, will retire by
rotation at the ensuing Annual General Meeting and being eligible offers himself for
reappointment.
(vi) Declaration of Independence by Independent Directors & adherence to the
Company's Code of Conduct for Independence Directors:
The Company has received declarations from all the Independent Directors of the Company
confirming that they meet the criteria of independence as prescribed under Section 149(6)
of the Companies Act, 2013 and that they qualify to be Independent Directors pursuant to
the Rule 5 of the Companies (Appointment and Qualification of Directors) Rules, 2014.
25. Vigil Mechanism / Whistle Blower Policy:
A vigil mechanism provides a channel to employees and Directors to report to the
management concerns about unethical behavior, actual or suspected fraud or violation of
the Codes of Conduct or any Policy of the Company.
The Company is committed to adhere to the highest standards of ethical, moral and legal
conduct of its business operations. In order to ensure that the activities of the Company
and its employees are conducted in a fair and transparent manner by adoption of highest
standards of professionalism, honesty, integrity and ethical behavior.
The Company has adopted a vigil mechanism policy pursuant to the requirements of
Section 177(9) of the Act and Regulation 22 of the SEBI Listing Regulations and the same
can be accessed on Company's website www.ken-fin.com.
26. Nomination and Remuneration Policy:
The Nomination & Remuneration Committee of the Board of Directors has adopted a
policy which deals with the manner of selection and appointment of Directors, Senior
Management and their remuneration. The policy is in compliance with the provisions of
Section 178(3) of the Companies Act, 2013. The Remuneration Policy is stated in the Report
on Corporate Governance and the same can be accessed on Company's website www.ken-fin.com.
27. Directors Responsibility Statement:
According to the provisions of Section 134(3)(c) of the Companies Act, 2013, the
directors confirm that:
a) in the preparation of annual accounts for the financial year ended March 31, 2025,
the applicable accounting standards read with requirements set out under Schedule III to
the Act, have been followed and there are no material departures from the same;
b) the accounting policies as selected are consistently applied and made judgements and
estimates that are reasonable and prudent manner so as to ensure true and fair view of the
state of affairs of the Company as at March 31, 2025 and of the profit of the Company for
the year ended on that date;
c) adequate accounting records are maintained in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting fraud and
other irregularities;
d) financial statements have been drawn up on a going concern basis;
e) the Directors have laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and are operating
effectively; and
f) the Directors have devised proper systems to ensure compliance with the provisions
of all applicable laws and that such systems are adequate and operating effectively.
28. Compliance with the Provisions of Secretarial Standards of ICSI:
The Directors have devised proper systems to ensure compliance with the provisions of
all applicable Secretarial Standards issued by the Institute of Company Secretaries of
India and that such systems are adequate and operating effectively.
The applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of
the Board of Directors' and ‘General Meetings', respectively, have been duly complied
by your Company.
29. Particulars of Loans, Guarantees or Investments:
The Company being an NBFC registered with the RBI and engaged in the business of giving
loans in ordinary course of its business.
Details of Loans, Guarantees and Investments covered under the provisions of Section
186 of the Companies Act, 2013 are given in the Notes to the Financial Statements.
30. Related Party Transactions:
The Board of Directors of the Company has formulated a policy on dealing with Related
Party Transactions, pursuant to the applicable provisions of the Act. The same is
displayed on the website of the Company.
Contracts/arrangement/transactions entered by the Company during Financial Year 202425
with related parties were in compliance with the applicable provisions of the Act and SEBI
Listing Regulations.
All related party transactions entered during Financial Year 2024-25 were on arm's
length basis and not material under the Act and SEBI Listing Regulations. None of the
transactions required members' prior approval under the Act or SEBI Listing Regulations.
Details of transactions with related parties during Financial Year 2024-25 are provided in
the notes to the financial statements.
There were no transaction requiring disclosure under Section 134(3)(h) of the Companies
Act, 2013. Hence, Form AOC-2 does not form a part of this report.
31. Risk Management:
Risks are events situation or circumstances, which may lead to negative consequences on
the Company's business. Risk Management is a structured approach to manage uncertainty. A
formal approach to risk management is being adopted by the company and key risks will now
be managed within a unitary framework. Periodic assessment to indemnify the risks areas
are carried out and management is briefed on the risks in advance to enable the Company to
control risk through a properly defined plan. The risks are taken into account while
preparing the annual business plan for the year. The Board is also periodically informed
of the business risks and the actions taken to manage them.
The Company has formulated a policy for Risk Management with the following objects.
• Provide an overview of the principles of risk management.
• Explain approach adopted by the Company for risk management.
• Define the organisational structure for effective risk management.
• Develop a risk culture that encourages all employees to identity risks and to
respond to them with effective actions.
• Identify, assess and manage existing and new risks in a planned and coordinated
manner with minimum disruption and cost, to protect and preserve Company's human, physical
and financial assets.
32. Prevention of Sexual Harassment at Workplace:
As per the requirement of Sexual Harassment of Women at Workplace (Prevention,
Prohibition & Redressal) Act, 2013 and Rules made thereunder, your Company has
constituted Internal Complaints Committee (ICC). No complaints have been received on
Sexual harassment for the financial year ending 31st March 2025. The Company is committed
to providing a safe and conducive work environment.
33. Maternity Benefit provided by the Company under Maternity Benefit Act, 1961:
The Company declares that it has duly complied with the provisions of the Maternity
Benefit Act, 1961. All eligible women employees have been extended the statutory benefits
prescribed under the Act, including paid maternity leave, continuity of salary and service
during the leave period, and post-maternity support such as nursing breaks and flexible
return-to-work options, as applicable.
The Company remains committed to fostering an inclusive and supportive work environment
that upholds the rights and welfare of its women employees in accordance with applicable
laws.
34. Significant and Material Orders Passed by the Regulators or Courts or Tribunal:
During the year, there were no significant and material orders passed by Regulators or
Courts or Tribunal impacting the going concern status of the Company and its future
operations.
35. Material changes and commitments:
No material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year to which this financial statement relates
on the date of this report.
36. Board Evaluation:
The performance of the Board, individual directors and managing director was evaluated
by the Board seeking inputs from all the Directors. The performance of the Committees was
evaluated by the Board seeking inputs from the Committee Members. The Nomination and
Remuneration Committee reviewed the responses received and forwarded its recommendations
to the Board. This was followed by a Board Meeting that discussed the performance of the
Board, its committees, individual directors and managing director.
A separate meeting of Independent Directors was also held to review the performance of
Non-Independent Directors, performance of the Board as a whole and performance of the
Managing Director of the Company.
The criteria for performance evaluation of the Board included aspects like Board
composition and structure, effectiveness of Board processes, information and functioning
etc. The criteria for performance evaluation of Committees of the Board included aspects
like composition of committees, effectiveness of Committee Meetings etc. The criteria for
performance evaluation of the individual directors included aspects on contribution to the
Board and Committee Meetings like preparedness on the issues to be discussed, meaningful
and constructive contribution and inputs in meetings etc.
The criteria for performance evaluation of Managing Director included aspects on
fulfillment of his duties, skills and knowledge updation and his participation during
board deliberations on strategy, performance, risk management etc.
The above criteria are broadly based on the Guidance Note on Board Evaluation issued by
the Securities and Exchange Board of India.
The performance evaluation of Independent Directors was based on the criteria viz.
attendance at Board and Committee Meetings, skill, experience, ability to challenge views
of others in a constructive manner, knowledge acquired with regard to the Company's
business, understanding of industry and global trends etc.
37. Audit Committee:
Pursuant to provisions of Section 177(8) of the Companies Act, 2013 read with Rule 6 of
the Companies (Meetings of the Board and its Power) Rules, 2013, the Audit Committee is
comprised of three Independent Directors.
The composition of the Audit Committee is as under:
Name |
Designation |
Category |
| Mr. Manoj Kumar More 1 |
Chairman 1 |
Non-Executive Independent Director |
| Mr. Rajesh Babulal Sodani 2&3 |
Chairman 2&3 |
Non-Executive Independent Director |
| Mr. Harish Sitaram Sharma 4 |
Chairman 4 |
Non-Executive Independent Director |
| Ms. Neha Kailash Bhageria |
Member |
Non-Executive Independent Director |
| Mr. Ritesh Kumar Pathak |
Member |
Non-Executive Independent Director |
| 1Upto 30th May, 2024 |
2From 30th May, 2024 |
| 3Upto 21st November, 2024 |
4From 21st November, 2024 |
All the recommendations made by the Audit Committee were accepted by the Board of
Directors of the Company.
38. Nomination & Remuneration Committee:
Pursuant to provisions of Section 178(1) of the Companies Act, 2013 read with Rule 6 of
the Companies (Meetings of the Board and its Power) Rules, 2013, the Nomination and
Remuneration Committee is comprised of three Independent Directors.
The composition of the Committee is as under:
Name |
Designation |
Category |
| Mr. Ritesh Kumar Pathak |
Chairman |
Non-Executive Independent Director |
| Mr. Manoj Kumar More 1 |
Member 1 |
Non-Executive Independent Director |
| Ms. Neha Kailash Bhageria |
Member |
Non-Executive Independent Director |
| Mr. Rajesh Babulal Sodani 2&3 |
Member 2&3 |
Non-Executive Independent Director |
| Mr. Harish Sitaram Sharma 4 |
Member |
Non-Executive Independent Director |
| 1Upto 30th May, 2024 |
2From 30th May, 2024 |
| 3Upto 21st November, 2024 |
4From 21st November, 2024 |
All the recommendations made by the Nomination and Remuneration Committee were accepted
by the Board of Directors of the Company.
39. Ratio of Remuneration:
The information pursuant to the provisions of Section 197(12) of the Companies Act,
2013 read with Rule 5 of Companies (Appointment and Remuneration of Managerial Personnel)
Rules, 2014 in respect of employees of the Company and Directors is furnished hereunder:
(Amount in Hundreds)
Sr. No. |
Name |
Designation |
Remuneration for the F.Y. 2024-25 |
% increase (decrease) from previous year |
Ratio / Times per median of employee remuneration |
| 1. |
Mr. Shakti Singh Rathore |
Managing Director |
8,255 |
2.46% |
2.75 times |
| 2. |
Mr. Praveen Kumar Modi |
Chief Financial Officer |
3,600 |
Nil |
1.20 times |
| 3. |
Mrs. Sarika Agarwal |
Company Secretary |
3,000 |
25.00% |
1.00 time |
The particulars of the employees as required under Rule 5(2) and rule 5(3) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 are not applicable to
the Company as none of the employees of the Company was in receipt of remuneration as
prescribed under the said Rules.
40. Corporate Governance:
Your Company is committed to maintain the highest standards of Corporate Governance and
adheres to the Corporate Governance requirements set out by SEBI. All Board members and
senior management personnel have affirmed compliance with the Company's code of conduct
for Financial Year 2024-25. We hereby confirm that the Company has complied with corporate
governance requirements specified in Regulation 17 to 27 and other applicable provisions
of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
41. Share Capital:
A) Buy Back of Securities
The Company has not bought back any of its securities during the year.
B) Sweat Equity
The Company has not issued any Sweat Equity Shares during the year.
C) Bonus Shares
No Bonus Shares were issued during the year.
D) Employees Stock Option Plan
The Company has not provided any stock option plan during the year.
42. RBI Guidelines:
Reserve Bank Governor Shri Sanjay Malhotra announced that the repo rate will remain
unchanged at 5.5% on Wednesday (August 6, 2025). He also projected the GDP growth
projection for Financial Year 2026 retained at 6.5%. The CPI inflation for Financial Year
2026 projected down at 3.1% as compared with 3.7% projected in June.
Consequently, the standing deposit facility (SDF) rate under the liquidity adjustment
facility (LAF) remains unchanged at 5.25% and the marginal standing facility (MSF) rate
and the Bank Rate at 5.75%. This decision is in consonance with the objective of achieving
the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/-
2 per cent, while supporting growth.
In the June RBI policy, the central bank's MPC surprised with a bumper 50 basis points
(bps) cut in the repo rate to 5.50% from 6%. The MPC changed the policy stance to
‘Neutral' from ‘Accommodative', and also slashed the Cash Reserve Ratio (CRR) by
100 bps to 3% from 4% earlier.
43. Cyber security governance:
Cyber security governance includes a board member overseeing the cybersecurity strategy
and the executive management team, accountable for managing cybersecurity. The Senior
Management track all the recent happenings related to cyber security risks on ongoing and
periodical basis and solves the related issues.
44. Prevention of Insider Trading:
The Company has adopted a Code of Conduct for Prevention of Insider Trading with a view
to regulate trading in securities by the Directors and designated persons of the Company,
as per SEBI (Prohibition of Insider Trading) Regulations, 2015.
45. Transfer of Amounts to Investor Education and Protection Fund (IEPF):
Your Company has not declared any dividend during the last seven years and accordingly
there are no unpaid or unclaimed dividend for a period of seven years. Therefore, there
were no funds which were required to be transferred to Investor Education and Protection
Fund (IEPF).
46. Corporate Insolvency Resolution Process Initiated Under The Insolvency And
Bankruptcy Code, 2016 (IBC):
No application has been filed for corporate insolvency resolution process, by a
financial or operational creditor or by the Company under the IBC before the National
Company Law Tribunal.
47. Acknowledgment:
Your Directors place on record their gratitude for the support to all the Company's
employees for their enormous personal efforts as well as collective contribution to the
Company's performance. The Company acknowledges the role of all its key stakeholders-
shareholders, investors / borrowers, Customers, Bankers, Government, Lead Managers and all
the other business associates for the continuous support given by them to the Company and
their confidence in its Management.
Registered Office: |
For and on behalf of the Board |
|
| F-9, 1st Floor, Shah Arcade 1, |
|
|
| Rani Sati Marg, |
|
|
| Near W.E. Highway, |
|
|
| Malad (East), |
|
|
| Mumbai - 400 097. |
Shakti Singh Rathore |
Praveen Kumar Modi |
Date: 29th August, 2025 |
DIN:09208373 |
DIN:08428737 |
Place: Mumbai |
Managing Director |
Director |
|