Sumedha Fiscal Services Ltd Directors Report

Dear Members,

Your Directors are pleased to present the Thirty Fifth Annual Report together with the Audited Financial Statements for the year ended March 31, 2024.

Financial Highlights (Rs. in lakhs, except equity share data)

	Consolidated		Standalone
Particulars	Year ended 31.03.2024	Year ended 31.03.2023	Year ended 31.03.2024	Year ended 31.03.2023
Total Income	9661.49	6073.67	9637.66	6052.59
Cash Profit	993.93	259.68	992.22	209.87
Less: Depreciation	74.22	64.99	73.73	64.50
Profit before Tax	919.71	194.69	918.49	145.37
Less: Provision for Taxation	162.59	10.41	161.65	8.38
Add / (Less): Deferred Tax	(8.14)	31.49	(14.90)	35.08
Profit after Tax (Net of adjustment for earlier years)	765.25	152.79	771.74	101.91
Other Comprehensive Income	(23.77)	(24.16)	(0.73)	(1.40)
Add : Retained Earning brought forward	4013.45	3964.66	3574.32	3553.65
Balance available for appropriation	4754.93	4093.29	4345.33	3654.16
APPROPRIATION
Less: Dividend Paid	79.84	79.84	79.84	79.84
Balance carried to Balance Sheet	4675.09	4013.45	4265.49	3574.32
Earnings per Share (Rs.10/- each)
Basic (in Rs.)	9.58	1.91	9.67	1.28
Diluted (in Rs.)	9.58	1.91	9.67	1.28

OPERATIONAL REVIEW:

On standalone basis, Total Income for the financial year under review was Rs. 9637.66 Lacs as against Rs. 6052.59 Lacs for the previous financial year registering an increase of 59.23%. The Profit Before Tax was Rs. 918.49 Lacs and the Profit After Tax was Rs. 771.74 Lacs for the financial year under review as against Rs. 145.37 Lacs and Rs. 101.91 Lacs, respectively for the previous financial year.

On consolidated basis, Total Income for the financial year under review was Rs. 9661.49 Lacs as against Rs. 6073.67 Lacs for the previous financial year registering increase of 59.07%. The Profit Before Tax was Rs. 919.71 Lacs and the Profit After Tax was Rs. 765.25 Lacs for the financial year under review as against Rs. 194.69 Lacs and Rs. 152.79 Lacs, respectively for the previous financial year.

To broaden the horizon of its existing business activities, the Company has entered into Limited Liability Partnership with Mr. Nikhil Katariya and Freedom Allianz Consultancy Private Limited to form Urushya Wealth Management LLP for the purpose of investing into and managing Alternative Investment Funds (AIFs).

In recent years, AIFs have gained significant attraction due to its ability to generate higher returns by investing in funds such as real estate funds, venture capital funds and start-up funding. AIFs offer a more comprehensive range of investment opportunities and alternative asset management methods. Alternate Investment Funds are considered a valuable addition to a well-diversified investment portfolio, as they provide exposure to alternative assets that can generate higher returns and offer low correlation to traditional investments.

The Company aims to generate superior returns through the AIF, with focus on cash flows without compromising safety and security by investing in businesses which are not able to secure conventional credit funding at prevailing market rates owing to various reasons.

Material Changes and Commitments

No material changes and commitments have occurred after the close of the year till the close of this Report, which affects the financial position of the Company.

Indian Accounting Standards

Pursuant to the notification dated February 16, 2015 issued by the Ministry of Corporate Affairs, the Company has adopted the Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting Standard) Rules, 2015. Accordingly, the Financial Statements have been prepared in compliance with Ind AS. Consequently, the subsidiary and associate companies also have adopted Ind AS (irrespective of their net worth).

Dividend & Transfer to Reserves

The Board of Directors is pleased to recommend a dividend of Re. 1/- per share (10%) for the year ended March 31, 2024, subject to the approval of the Members at the 35th Annual General Meeting.

During the year under review, there was no transfer to General Reserve (Previous year Rs. Nil).

Unpaid/Unclaimed Dividend

In terms of the provisions of Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016/Investor Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001 (including amendments and modifications, thereof), Rs. 1,17,010/- of unpaid/ unclaimed dividends were transferred during the year 2023-24 to the Investor Education and Protection Fund.

Employee Stock Option Scheme

No shares have been issued or allotted under any Employee Stock Option Scheme during the FY 2023-24.

Share Capital

The Paid-up Equity Share Capital as at March 31, 2024 stood at Rs. 7,98,44,240/-. During the year under review, the Company has not issued shares with differential voting rights nor has granted any stock options or sweat equity. As on March 31, 2024, none of the Directors of the Company hold instruments convertible into equity shares of the Company.

Management Discussion and Analysis Report

In terms of requirements of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), a Management Discussion and Analysis Report is attached as Annexure – I forming part of this Report.

Report on Corporate Governance

In terms of requirements of Regulation 34 of the SEBI LODR, a Report on Corporate Governance together with Auditors Certificate regarding compliance of Conditions of Corporate Governance are attached as Annexure - II and Annexure - III respectively, forming part of this Report.

Consolidated Financial Statement

In accordance with Section 136 of the Companies Act, 2013 and Regulation 34 of the Listing Regulations read with other applicable provisions, your Directors have attached the Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, prepared in accordance with applicable Ind AS, which form a part of the Annual Report. The financial statements including consolidated financial statements and the audited accounts of the subsidiary are available on the Companys website https://www.sumedhafiscal.com/annual-reports.

Accordingly a statement in Form AOC-1 is attached to the Financial Statements of the Company for your information.

Performance of Subsidiary:

SFSL Commodity Trading Pvt. Ltd.

During the year the Company recorded Total Revenue of Rs. 23,82,889/- (Previous Year Rs. 21,08,058/-) and Net Profit of Rs. 13,04,872/- for the year ended 31st March, 2024 (Previous Year: Rs. 14,59,183/-).

The subsidiary has formally discontinued commodity trading activities and surrendered its Membership with MCX from April 1, 2019, considering overall profitability and risks associated with commodity trading.

Performance of Associate Companies: US Infotech Pvt. Ltd.

During the year the Company recorded Total Revenue of Rs. 55,27,696/- (Previous Year Rs. 32,31,014/-) and Net Profit of Rs. 30,58,625/- for the year ended 31st March, 2024 (Previous Year Rs. 37,24,621/-).

The Company continues to explore growth opportunities.

Brandshoots Ventures Pvt. Ltd.

During the year the Company recorded Total Revenue of Rs. 5,60,226/- (Previous Year : Rs. 4,41,768/-) and incurred Net Loss of Rs. (3,14,14,095/-) for the year ended 31st March, 2024 (Previous Year : Rs. 69,586/-).

The Company strived hard to make its entrance into the business of incubating start-ups from the Eastern Region. However, due to the absence of ongoing business operations, the Company is contemplating its future liquidation.

Sumedha Management Solutions Pvt. Ltd. (IPE)

During the year the Company recorded a revenue of Rs. 3,98,75,493/- (Previous Year : Rs. 4,94,80,871/-) and Net Profit of Rs. 58,73,160/- for the year ended 31st March, 2024 (Previous Year : Rs. 81,65,016/-).

The Company continues its activities as a prominent player in Insolvency and Bankruptcy practice and is operating in a contemporary market scenario and monitoring its activities and business operations.

Material Subsidiary

In accordance with the Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (‘Listing Regulations), the unlisted subsidiary of this Company is not a material subsidiary. The Company has formulated a policy for determining material subsidiary. The policy can be accessed at the Companys website at https://www.sumedhafiscal.com/ftp/Investors/Codes_Policies/February2022/MaterialSubsidiaryPolicy_09022022.pdf.

Corporate Social Responsibility (CSR)

Based upon the financials of FY 2022-23, for the year under review the Company did not fulfil the criteria of net worth, turnover and net profit as prescribed for CSR applicability and in accordance with the recent amendments in CSR Regulations, companies are now relaxed from all the CSR compliances upon ceasing to meet the statutory limits of applicability in the preceding financial year as against immediately three preceding financial years.

Business Responsibility Report

The Company is not required to comply with the requirements associated with Regulation 34(2)(f) of the Listing Regulations, 2015.

Secretarial Standards

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 followed by the Company.

Directors Responsibility Statement

The Board of Directors acknowledge the responsibility for ensuring compliance with the provisions of Section 134(3)(c) read with Section 134(5) of the Companies Act, 2013 in preparation of the Annual Accounts for the year under review and state that:

(i) in the preparation of the Annual Accounts, the applicable accounting standards have been followed and there are no material departure;

(ii) the Directors have selected such accounting policies and applied 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 as at March 31, 2024 and profits of the Company for the year ended on that date;

(iii) the Directors have taken proper and sufficient care 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 accounts have been prepared on a going concern basis;

(v) the Directors have laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively; and

(vi) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, the work performed by the internal, statutory and secretarial auditors, including the audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by management and the relevant board committees, including the audit committee, the Board is of the opinion that the Companys internal financial controls were adequate and effective during FY 2023-24.

Directors

Mr. R. L. Gaggar, Chairman and Independent Director had resigned before expiry of his tenure with effect from 01st November, 2023, because of ailing health. He passed away on 5th April, 2024.

As Board Member and Chairman, he worked tirelessly to advance the interests of the Company and its shareholders. He provided the critical stability, leadership and sage guidance to the Company to grow and prosper. He left his role as Chairman with the Company much stronger than it was when he assumed the role. The Board, Management and Staff of Sumedha Fiscal Services Limited are very appreciative and indebted to Mr. R.L. Gaggar for his wise guidance, insights and leadership.

He had brought to this Board his astute business judgment, his quick wit, the benefit of his experience and his ability as a leader to set ambitious goals and to inspire others to follow. The Board places on record its deepest appreciation and gratitude to the services contributed by the first Chairman of the Company- Mr. R. L. Gaggar during his tenure and beyond.

Members of the Company at its 34th Annual General Meeting held on 23rd August, 2023, approved reappointment of Mr. Bijay Murmuria (DIN: 00216534) as a Director liable to retire by rotation.

In accordance with the provisions of Section 152 of the Companies Act, 2013 and the Companys Articles of Association, Mr. Vijay Maheshwari (DIN: 00216687), Director, retires by rotation at the forthcoming Annual General Meeting and being eligible offers himself for re-appointment. The Board of Directors, on recommendation of the Nomination and Remuneration Committee has recommended his re-appointment.

Dr. Basudeb Sen (DIN: 00056861) and Mr. Prashant Shekhar Panda (DIN: 00596554) have completed their second and final term as Independent Directors on March 31, 2024 and consequently ceased to be Directors of the Company with effect from April 01, 2024.

Further, pursuant to the applicability of Sections 149, 150, 152 read with Schedule IV and any other applicable provisions, if any, of the Companies Act, 2013 and as per Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and based on the recommendation of the Nomination and Remuneration Committee and that of the Board of Directors, Mr. Deepankar Bose (DIN: 09450920), Mr. Rana Som (DIN: 00352904) and Mr. Mohit Bhuteria (DIN: 00105745) who were respectively appointed as Additional Director (in the capacity of an Independent Director) by the Board of Directors with effect from November 06, 2023, were appointed by the Members of Company by passing special resolutions through Postal Ballot, as Independent Directors of the Company for a period of five years till November 05, 2028, and that they shall not be liable to retire by rotation.

Mr. S. A. Ramesh Rangan (DIN: 07586413) and Mr. Santanu Mukherjee (DIN: 07716452) who were appointed as Independent Directors of the Company on September 14, 2019 for a period of five years are proposed to be re-appointed for the second-term in the forthcoming Annual General Meeting based on the recommendation of Board of Directors and Nomination & Remuneration Committee.

Board Evaluation

The Company had annual evaluation of its Board, Committees and individual Directors pursuant to the provisions of Companies Act, 2013 and Listing Regulations. The Nomination and Remuneration Committee (NRC) specified the methodology for effective evaluation of performance of Board and Committees and individual Directors and also finalised the evaluation criteria (containing required particulars as per Guidance Note issued by the SEBI) and authorized the Board to undertake the evaluation process. The Evaluation Statement was reviewed by the Independent Directors.

The performance of individual directors was evaluated on parameters, such as, number of meetings attended, contribution made in the discussions, contribution towards formulation of the growth strategy of the Company, independence of judgement, safeguarding the interest of the Company and minority shareholders etc. The Board then evaluated the performance of the Board, Committees and the individual Directors in the prescribed manner.

Declaration by Independent Directors:

Necessary declarations have been obtained from all the Independent Directors that they meet the criteria of independence under sub-section (6) of Section 149 of the Companies Act, 2013 and as per Regulation 25 read with Regulation 16 of SEBI LODR Regulations. In the opinion of the Board there has been no change in the circumstances which may affect the status of independent directors of the Company and the Board is satisfied of the integrity, expertise and experience (including proficiency in terms of Section 150(1) of the Companies Act, 2013 and applicable rules thereunder) of all Independent Directors on the Board. In terms of Section 150 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have undertaken requisite steps towards the inclusion of their names in the databank of Independent Directors maintained with the Indian Institute of Corporate Affairs.

Meetings of the Board

During the year under review, 4 (Four) Board Meetings were convened and held. The details thereof are given in the Corporate Governance Report. The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013.

Key Managerial Personnel (KMP)

The Company is having the following Key Managerial Personnel during the year

Name	Designation
Mr. Bhawani Shankar Rathi	Whole-time Director
Ms. Dhwani Fatehpuria	Company Secretary
Mr. Girdhari Lal Dadhich	Chief Financial Officer

No one has been appointed or resigned from the position of KMP during the year.

Committees of the Board

The Board of Directors has the following Committees:

1. Audit Committee

2. Nomination and Remuneration Committee

3. Stakeholders Relationship Committee

4. Corporate Social Responsibility Committee

The details of the Committees along with their composition, number of meetings and attendance at the meetings are provided in the Corporate Governance Report.

Loans, Guarantees and Investments

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are provided in the Notes to Financial Statements.

Vigil Mechanism/Whistle Blower Policy

The Company has a Whistle Blower Policy to report genuine concerns or grievances. The Whistle Blower Policy has been posted on the website of the Company under the URL https://www.sumedhafiscal.com/codes-and-policies.

Nomination and Remuneration Policy

The Company has updated its Nomination and Remuneration Policy for determining remuneration of its Directors, Key Managerial Personnel and Senior Management and other matters provided under Section 178(3) of the Companies Act, 2013 and Listing Regulations, adopted by the Board. The details of this policy have been posted on the website of the Company https://www.sumedhafiscal.com/ftp/Investors/Codes_Policies/August2023/N_R_Policy_wef04082023.pdf.

The Remuneration Policy has also been outlined in the Corporate Governance Report forming part of this Annual Report.

Particulars of Contract or Arrangements made with Related Parties

All contracts /arrangements / transactions entered by the Company during the financial year with related parties were in ordinary course of business and on an arms length basis. During the year, the Company has not entered into any contracts /arrangements / transactions with related parties which could be considered material in accordance with the policy of the Company on materiality of related party transactions.

Accordingly, the disclosure of related party transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC - 2 is not applicable to the Company.

The Company has formulated a policy on materiality of related party transactions and also on dealing with related party transactions. The policy is available on the Companys website - https://www.sumedhafiscal.com/codes-and-policies/. The Policy intends to ensure that proper reporting, approval and disclosure processes are in place for all transactions between the Company and Related Parties.

The Board of Directors of the Company has approved the criteria for making the omnibus approval by the Audit Committee within the overall framework of the policy on related party transactions. Prior omnibus approval is obtained for related party transactions which are of repetitive nature and proposed to be entered in the ordinary course of business and at arms length during the financial year. All related party transactions are placed before the Audit Committee for review and approval.

Risk Management Policy and Internal Financial Control

The Company has an Internal Risk Management policy providing effective risk management framework for identifying, prioritizing and mitigating risks, which may impact attainment of short and long term business goals of our company. The Policy is available on the website of the Companys website under the URL https://www.sumedhafiscal.com/codes-and-policies. The main objective of the policy is to assess & evaluate significant risk exposures & assess managements actions to mitigate the exposures in a timely manner. The process aims to analyze internal and external environment and manage economic, financial, market, operational, compliance and sustainability risks and capitalizes opportunities of business success. The risk management framework, which is based on our Companys risk management process, is aligned with strategic planning, deployment and capital project evaluation process of the Company.

Risk Management System has been integrated with the requirements of internal controls as referred to in Section 134(5)(e) of the Companies Act, 2013 to evolve risk related controls.

A detailed note on risk management is given in Management Discussion & Analysis/ Integrated Report section forming part of this Annual Report.

Deposits

The Company has neither accepted nor renewed any deposits during the year. No deposit has remained unpaid or unclaimed at the end of the year under review.

Going Concern Status

No significant and material orders have been passed by the Regulators or Courts or Tribunals impacting the going concern status of the Company and its operation in the future.

Compliance System

Based on quarterly reports on the status of statutory compliance from Departmental Heads/ Responsibility Centres, the Company Secretary issues Certificate under Section 205 of the Companies Act, 2013 (Act) and Rules made thereunder. The Certificate is also endorsed by the Whole-time Director of the Company and placed before the Audit Committee and Board of Directors for review.

The status of Statutory Compliance is verified by the Internal Auditors and Secretarial Auditors pursuant to Sections 138 and 204 of the Companies Act, 2013 as well as Annual Secretarial Compliance Report pursuant to Regulation 24A of Listing Regulations.

Annual Return

The copy of Annual Return is available on the Companys website: https://www.sumedhafiscal.com/annual-return/.

AUDITORS Statutory Auditors

M/s. V. Singhi & Associates, Chartered Accountants, 4, Mangoe Lane, Ground Floor, Kolkata – 700001 (Firm Registration No. 311017E) were appointed as the Statutory Auditors of the Company for a period of 5 (five) consecutive years for the period from Financial Years 2022-23 to 2026-27, at the 33rd AGM of the Company held on 17-Sep-2022.

The Board and the Audit Committee have approved their continuation as Statutory Auditors of the Company for the Financial Year 2024-25, based on their consent and confirmation of eligibility dated April 23, 2024.

The Statutory Auditors have issued an unqualified audit report on the annual accounts of the Company for the year ended 31st March, 2024.

Auditors Report

The Auditors Report to the Shareholders does not contain any reservation, qualification, or adverse remark. During the year under review, neither the statutory auditors nor secretarial auditors have reported to the Audit Committee of the Board under Section 143(12) of the Act, any instances of fraud committed against the Company by its officers and employees, the details of which need to be mentioned in this Report.

Secretarial Audit

Based on the consent received from M/s. A. K. Labh & Co. and recommendation of the Audit Committee, in terms of the requirements of Section 204 of the Companies Act, 2013 and the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014, M/s. A. K. Labh & Co., Practicing Company Secretaries has been re-appointed to conduct the Secretarial Audit of the Company for FY 2024-25.

The Secretarial Audit Report for FY 2023-24 (attached as Annexure – IV) does not contain any qualification.

Cost Audit

The Company is not engaged in production of goods or providing services pursuant to Section 148 of the Act and therefore not required to comply with the requirements thereunder.

Internal Audit

The Audit Committee of the Company quarterly reviewed the Internal Audit Reports as prepared by the Internal Auditor M/s. D. Roy Chaudhury & Co., Chartered Accountants. The Committee also reviews the adequacy and effectiveness of the internal controls based on such reports.

M/s. ALP & Associates, Chartered Accountants is appointed as Internal Auditor of the Company on 14th May, 2024 by the Board on recommendation of the Audit Committee of the Company for the Financial Year 2024-25.

Boards Response on Auditors Qualification, Reservation or Adverse Remark or Disclaimer Made

There are no qualifications, reservations or adverse remarks made by the Statutory Auditors in their report or by the Practicing Company Secretary in their Secretarial Audit for FY 2023-24. During the year, there has been no instances of frauds reported by Auditors under section 143(12) of the Companies Act, 2013.

Significant and Material Orders Passed by the Courts/ Regulators

During the year under review, no significant and material order has been passed by any regulator or by any Court which has a material impact on the financial position of the Company.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Pursuant to Section 134(3)(q) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, the Company has complied with the provisions relating to constitution of Internal Complaint Committee (ICC) under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

The Company has a Prevention of Sexual Harassment Policy in line with the requirements of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. During the period under review, no complaint was received by the Internal Complaint Committee.

Conservation of Energy and Technology Absorption

Since the Company does not own any manufacturing facility, the other particulars relating to conservation of energy and technology absorption stipulated in the Companies (Accounts) Rules, 2014 are not applicable.

Foreign Exchange Earning and Outgo

Foreign Exchange earnings and outgo during the year under review were Rs. 4.15 Lacs and Rs. 5.40 Lacs, respectively (Previous Year Rs. 144.63 Lacs and Rs. 12.06 Lacs, respectively).

Particulars of Employees

The ratio of the remuneration of each Director to the median employees remuneration and other particulars or details of employees pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are attached to this Report as Annexure V.

None of the employees of the Company is in receipt of remuneration coming under purview of the said Section/Rule.

A Statement comprising of top 10 employees in terms of remuneration drawn is annexed as Annexure VI. The said Annexure is not being sent along with this Annual Report to the Members of the Company in line with the provisions of Section 136 of the Act. Members who are interested in obtaining these particulars may write to the Company Secretary at the Registered Office of the Company.

Key Financial Ratio

Key financial Ratios for the financial year ended March 31, 2024, are provided in the Management Discussion and Analysis Report.

Green Initiative

Electronic copy of the Annual Report for FY 2023-24 and the Notice of the ensuing AGM is being sent to all shareholders whose email addresses are available in demat account and registered with Companys Registrar and Share Transfer Agent. Shareholders holding shares in demat form are requested to update their email addresses with their Depository Participant(s) and for shareholders holding shares in physical form, should get their email registered/ updated with Companys Registrar and Share Transfer Agent.

Other Disclosures

1. The Company has not entered into any one time settlement proposal with any Bank or financial institution during the year under report.

2. As per available information, no application has been filed against the Company under the Insolvency and Bankruptcy Code, 2016 nor any proceedings thereunder is pending as on 31.03.2024.

Appreciation

Your Directors take this opportunity to thank the clients, shareholders, financial institutions, stock exchanges, SEBI, National Securities Depository Limited, Central Depository Services (India) Limited and other government and regulatory agencies for their consistent support and encouragement to the Company.

We also place on record our sincere appreciation to all the members of SFSL family including our employees and authorized persons for their hard work, support and commitment. Your Board recognizes and appreciates the contributions made by all employees at all level that ensure sustained performance in a challenging environment.

	On Behalf of the Board
	Vijay Maheshwari
Place: Kolkata	Chairman
Date: 14th May, 2024	DIN : 00216687