Key Details

  • Board Meeting Date: Thursday, 30th July 2026
  • Action Taken: Board noted the Secretarial Audit Report (MR-3)
  • Audit Period: Financial year ended March 31, 2026
  • Secretarial Auditor: Mr. Chetan D. Shah - Company Secretaries in Practice
  • Auditor Credentials: Membership No. 5131, C.P No. 3930

Secretarial Audit Report Findings

The Secretarial Audit Report confirms that the company complied with statutory provisions and maintained proper board processes and compliance mechanisms during the audit period. The audit examined compliance with:

  • The Companies Act, 2013 and rules made thereunder
  • The Securities Contracts (Regulation) Act, 1956 and rules made thereunder
  • The Depositories Act, 1996 and Regulations/Bye-laws framed thereunder
  • Foreign Exchange Management Act, 1999 (FEMA) for Foreign Direct Investment (Overseas Direct Investment and External Commercial Borrowings were not applicable as no reportable events occurred)
  • SEBI Regulations including:
  • SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • SEBI (Prohibition of Insider Trading) Regulations, 2015
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (Not Applicable)
  • SEBI (Share Based Employee Benefits) Regulations, 2014 (Not Applicable)
  • SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (Not Applicable)
  • SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 (Not Applicable)
  • SEBI (Delisting of Equity Shares) Regulations, 2021 (Not Applicable)
  • SEBI (Buyback of Securities) Regulations, 2018 (Not Applicable)
  • Secretarial Standards issued by ICSI
  • Listing Agreements with Stock Exchanges read with SEBI LODR Regulations, 2015

Board Processes and Compliance

  • The Board is duly constituted with proper balance of Executive, Non-Executive and Independent Directors
  • Changes in Board composition during the period were carried out in compliance with the Act
  • Adequate notice (at least seven days in advance) with agenda and detailed notes was given for Board meetings
  • A system exists for seeking further information and clarifications before meetings
  • All decisions at Board and Committee meetings were unanimous with no dissenting views recorded
  • Adequate systems and processes commensurate with company size and operations are in place

Key Limitations and Qualifications

  • The audit relied on management representations about compliance and events
  • Examination was limited to verification on test basis
  • Correctness of financial records and books of account were not verified
  • The report is not an assurance of future viability or management efficiency

Material Events

  • No major corporate events occurred during the financial year under review
  • No event/action having major bearing on company's affairs was undertaken
  • Various compliances were made with applicable laws, rules, regulations and listing requirements

Signatories and Dates

  • Company Signatory: Vinodkumar Khimji Tilva, Managing Director (DIN: 00275279)
  • Digital Signature Date: 30th July 2026 at 16:44:33
  • Auditor Signatory: CS. Chetan D. Shah, Practicing Company Secretary (Fellow M. No. 5131, CP No. 3930, PR Certificate No. 4191/2023)
  • Audit Report Date: 30th July 2026
  • UDIN: F005131H000977036

Auditor Contact Information

Primary Address: 24, Jalaram Society, Opp. Police H.Q., Junagadh

Mobile: 98250 72055

Correspondence Address: 1204, R.K. Prime, Nana Mava Circle, Near Silver Heights, 150 Ft. Ring Road, Rajkot-360 005, Gujarat

Mobile: 93166 71289