As on: Sep 09, 2026 05:03 AM
To,
The members,
The Board of Directors are delighted to present the 17th report on the business and operations of your Company ("the Company") for the financial year ended March 31, 2026. This report is accompanied by the audited financial statements, which provide a comprehensive overview of the Company's financial performance and position during the year. We trust that the insights and information contained within these documents will offer a clear understanding of the Company's achievements and strategic direction.
FINANCIALYEAR 2025-26 AT GLANCE:
Financial summary / highlights of performance of the Company.
The Audited Financial Statements of your Company as on March 31, 2026, are prepared in accordance with the relevant applicable Indian Accounting Standards ("IND-AS") and Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the provisions of the Companies Act, 2013 ("Act").
The Company's financial performance for the year ended on March 31, 2026 is summarized below:
Year at a Glance FINANCIALHIGHLIGHTS
The Revenue from operations of the Company for the year ended March 31, 2026 was Rs. 1741.08 Lakh as against the Revenue from operations of Rs. 1172.39 Lakh for the previous year ended March 31, 2025. The Total revenue from operations of the company was increased by 48.51 % over previous year.
Furthermore, the Company has made a significant turnaround, reporting a Net Profit of Rs.1.48 Lakh for the year under review. The positive shift in financial performance underscores the Company's successful efforts in cost management and revenue growth.
DIVIDEND
With a view to conserve the resources of company for future growth, the Board of Directors do not recommend any Dividend for the Financial Year 2025-26 (Previous Year Nil).
Pursuant to the provisions of Sections 124 and 125 of the Act, there is no amount of Dividend remaining unclaimed / unpaid for a period of 7 (seven) years and/or unclaimed Equity Shares which are required to be transferred to the Investor Education and Protection Fund (IEPF).
AMOUNT TRANSFERRED TO RESERVE
During the year, the Company has not apportioned any amount to other reserve. Total amount of net profit is carried to the Reserves & Surplus as shown in the Balance Sheet of the Company.
UTILISATION OF IPO PROCEEDS:
The Company raised funds of Rs. 1404.04 Lakhs through Initial Public Offering (IPO). The gross proceeds of IPO have been utilized in the manner as proposed in the Offer Document, the details of which are hereunder.
Further, there is no deviation/variation in the utilization of the gross proceeds raised through IPO.
CHANGE IN NATURE OF BUSINESS
During the year the there was no change in the nature of the business.
Change In the Registered Office
During the year under review, there was no change in the registered office of the Company.
The Registered Office of the Company is located at:
9 Krishna Villa, Nr. Aamrakunj Society, Karamsad, V.V Nagar Road, Anand-388325, Gujarat, India.
The Corporate Office of the Company is situated at:
306, Kirtiman Kinariwala Building Opp. Kadava Patidar Hostel Off CG ROAD-380006 Navrangpur, Ellisbridge, Ahmedabad, Gujarat, India.
SHARE CAPITAL
Authorized Capital
The Authorized Capital of the Company is Rs. 8,00,00,000/- (Rupees Eight Crores Only) divided into 80,00,000 (Eighty Lakhs Only) Equity Shares of Rs. 10/-(Rupees Ten Only) each
Issued, Subscribed & Paid-Up Capital
The present Paid-up Capital of the Company is Rs. 7,29,00,000 (Rupees Seven Crores Twenty-Nine Lakhs Only) divided into 72,90,000 (Seventy-Two lakhs Ninety Thousand Only) Equity Shares of Rs. 10/-(Rupees Ten Only) each.
Constitution of Board:
As on the date of this report, the Board comprises following Directors;
• excluding Section 8 Company, struck off Company, Amalgamated Company and LLPs
Committee includes Audit Committee, and Shareholders' Relationship Committee across all Public Companies including our Company.
The composition of Board complies with the requirements of the Companies Act, 2013 ("Act"). Further, in pursuance of Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Company is exempted from the requirement of having composition of Board as per Regulation 17 of Listing Regulations.
Further the Directors of the company holds directorship within the limits laid down under section 165 of the Companies Act, 2013.
INFORMATION ON DIRECTORATE:
During the year under review, there were following change in constitution of the Board of Directors of the Company.
1. Retirement by rotation and subsequent re-appointment:
Mrs. Poonam Sandeepkumar Agrawal (DIN: 01712128), Non-Executive Director of the Company, being liable to retire by rotation at the 16th Annual General Meeting held on September 13, 2025, pursuant to the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended from time to time, and being eligible for re-appointment, was reappointed as a Director of the Company.
Key Managerial Personnel:
During the year under review, there were following changes in the Key Managerial Personnel("KMP")of the company as per sections 2(51)and 203 of the Companies Act 2013:
Appointment
During the year under review the board of Director at its meeting held on January 31, 2026 appointed Ms. Seema Kapadia (Membership No. ACS 45526) as Company Secretary and Compliance Officer of the Company with effect from February 1, 2026.
Cessation
During the year under review, Ms. Ruchika Jain (Membership No. ACS 54986) Company Secretary and Compliance Officer tendered her resignation via letter dated January 31, 2026 ,with effect from February 1, 2026.
As on date of this report, the following are the Key Managerial Personnel ("KMP")of the company as per sections 2(51)and 203 of the Companies Act 2013:
1. Mr. Abhishek Sandeep Kumar Agrawal-Chairman and Managing Director.
2. Mr. Rohit Nagar-Chief Financial officer
3. Ms. Seema Kapadia-Company Secretary and Compliance officer DISCLOSURE BY DIRECTORS:
The Directors on the Board have submitted notice of interest under Section 184(1) of the Companies Act, 2013 i.e. in Form MBP-1, intimation under Section 164(2) of the Companies Act, 2013 i.e. in Form DIR 8 and declaration as to compliance with the Code of Conduct of the Company.
INDEPENDENT DIRECTORS:
In terms of Section 149 of the Companies Act, 2013 and rules made there under, the Company has two Non-Promoter NonExecutive Independent Directors in line with the act. The Company has received necessary declaration from each Independent Director under Section 149 (7) of the Companies Act, 2013 that they meet the criteria of independence laid down in Section 149 (6) of the Act. Further, all the Independent Directors of the Company have registered themselves in the Independent Director Data Bank.
A separate meeting of Independent Directors was held on February 14, 2026 to review the performance of Non-Independent Directors and Board as whole and performance of Chairperson of the Company including assessment of quality, quantity and timeliness of flow of information between Company management and Board.
PERFORMANCE EVALUATION
The Board of Directors has carried out an annual evaluation of its own performance, board committees and individual directors pursuant to the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in the following manners;
• The performance of the board was evaluated by the board, after seeking inputs from all the directors, on the basis of the criteria such as the board composition and structure, effectiveness of board processes, information and functioning etc.
• The performance of the committees was evaluated by the board after seeking inputs from the committee members on the basis of the criteria such as the composition of committees, effectiveness of committee meetings, etc.
• The board and the nomination and remuneration committee reviewed the performance of the individual directors on the basis of the criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.
• In addition, the chairman was also evaluated on the key aspects of his role. Separate meeting of independent directors was held to evaluate the performance of non-independent directors, performance of the board as a whole and performance of the chairman, taking into account the views of executive directors and nonexecutive directors. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated.
DIRECTORS'RESPONSIBILITY STATEMENT:
Pursuant to section 134(5) of the Companies Act, 2013, the board of directors, to the best of their knowledge and ability, confirm that:
a) In preparation of annual accounts for the year ended March 31, 2026, the applicable accounting standards have been followed and that no material departures have been made from the same;
b) The Directors had 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 at the end of the financial year and of the profit or loss of the Company for that year;
c) The Directors had 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;
d) The Directors had prepared the annual accounts for the year ended March 31, 2026 on going concern basis.
e) The Directors had laid down the internal financial controls to be followed by the Company and that such Internal Financial Controls are adequate and were operating effectively; and
f) The Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
MEETING OF BOARD OF DIRECTORS
The Board of the Company regularly meets to discuss various Business opportunities. Additional Board meetings are convened, as and when required to discuss and decide on various business policies, strategies and other businesses.
During the year under the review, 5 Board meetings were held viz. May 27, 2025, August 14, 2025, November 14, 2025 January 31,2026 and February 14, 2026.
The details of the attendance of each Director at the Board Meetings are given below.
The gap between two consecutive meetings was not more than one hundred and twenty days as provided in section 173 of the Act.
General Meetings:
During the year under review, the following General Meeting was held, the details of which are given as under:
COMMITTEES OF BOARD
The Board of Directors, in line with the requirement of the act, has formed various committees, details of which are given hereunder.
1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholder's Relationship Committee Audit Committee
The Company has formed Audit Committee in line with the provisions of Section 177 of the Companies Act, 2013
As at March 31, 2026, the Audit Committee comprised of Mr. Siddharth Dugar (Non-Executive Independent Director) as Chairperson and, Mr. Abhishek Sandeepkumar Agrawal (Chairman and Managing Director), as member and Mr. Ajit Jain (Non-Executive Independent Director) as member.
During the year under review, Audit Committee met 4 (Four) times i.e on 27th May, 2025, 14th August, 2025, 14th November, 2025, 14* February, 2026.
The composition of the Committee and the details of meetings attended by its members are given below;
The Statutory Auditors of the Company are invited in the meeting of the Committee wherever requires. Company Secretary and Chief Financial Officer of the Company are the regular invitee at the Meeting. Recommendations of Audit Committee, wherever/whenever given, will be accepted by the Board of Directors.
VIGIL MECHANISM
The Company has established a vigil mechanism for directors and employees to report concerns about unethical behavior, actual or suspected fraud or violation of the Company's Code of Conduct or ethic policy. The said mechanism also provides for adequate safeguards against victimization of director(s)/Employee(s) who avail of the mechanism and also provide for direct access to the Chairman of the Audit Committee in exceptional cases. Further, the Policy on Vigil Mechanism is available on the website of the Company at https://indifra.com/investors/policies/Whistle%20Blower%20Policy.pdf
STAKEHOLDER'S RELATIONSHIP COMMITTEE:
The Company has constituted Stakeholder's Relationship Committee mainly to focus on the redressal of Shareholders' / Investors' Grievances, if any, like Transfer / Transmission / Demat of Shares; Loss of Share Certificates; Nonreceipt of Annual Report; Dividend Warrants; etc. During the year under review, Stakeholder's Relationship Committee met 4 (Four) times viz on, May 27, 2025, August 14, 2025, November 14, 2025 and February 14, 2026.
Also, during the year, your Company had not received any complaints from the Shareholders. There was no complaint pending as on March 31, 2026.
NOMINATION AND REMUNERATION COMMITTEE
The Company has formed Nomination and Remuneration committee in line with the provisions of Section 178 of the Companies Act, 2013. Nomination and Remuneration Committee meetings are generally held for identifying the persons who are qualified to become Directors and may be appointed in senior management and recommending their appointments and removal.
During th the year under review, Nomination and Remuneration Committee met 2(Two) time i.e on August 14, 2025, and January 31, 2026.
The composition of the Committee and the details of meetings attended by its members are given below:
NOMINATION AND REMUNERATION POLICY
Nomination and Remuneration Policy in the Company is designed to create a high-performance culture. It enables the Company to attract motivated and retained manpower in competitive market, and to harmonize the aspirations of human resources consistent with the goals of the Company. The Company pays remuneration by way of salary to its Executive Directors and Key Managerial Personnel. Annual increments are decided by the Nomination and Remuneration Committee within the salary scale approved by the members and are effective from April 1, of each year.
The Nomination and Remuneration Policy, as adopted by the Board of Directors, is placed on the website of the Company at https://indifra.com/investors/policies/Nomination%20&%20Remuneration%20Policy.pdf .
REMUNERATION OF DIRECTORS
The details of remuneration paid during the financial year 2025-26 to Executive Directors of the Company is provided in Annual Return which is available on https://indifra.com/
PUBLIC DEPOSIT
The company has not accepted any deposits from the public. Hence, the directives issued by the Reserve Bank of India & the Provision of Section 73 to 76 of the Company Act, 2013 or any other relevant provisions of the Act and the Rules there under are not applicable.
PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS & SECURITY:
Details of Loans, Guarantees, Investments and Security covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statement.
ANNUAL RETURN:
Pursuant to Section 92(3) read with Section 134(3)(a) of the Act, the Annual Return as on March 31, 2026 is available on the Company's website on www.indifra.com/investor.com
TRANSACTIONS WITH RELATED PARTIES:
All Related Party Transactions entered into by the Company during the financial year under review were in the ordinary course of business and on an arm's length basis and were in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable.
During the year under review, the Company did not enter into any contract or arrangement with related parties requiring disclosure in Form AOC-2 pursuant to Section 134(3)(h) read with Section 188(1) of the Companies Act, 2013 and Rule 8(2) of the Companies (Accounts) Rules, 2014. Accordingly, Form AOC-2 does not form part of this Report.
The details of Related Party Transactions as required under the applicable Accounting Standards are disclosed in the Notes to the Standalone Financial Statements forming part of this Annual Report. The Company has a mechanism in place to obtain prior omnibus approval of the Audit Committee for transactions which are repetitive and of a foreseen nature. All such related party transactions entered into under omnibus approval are reviewed and placed before the Audit Committee and the Board on a quarterly basis.
The Company's Policy on Related Party Transactions, as approved by the Board of Directors, is available on the Company's website and can be accessed at: https://indifra.com/investors/policies/Related%20Party%20Transaction%20Policy.pdf
MATERIALCHANGES AND COMMITMENT:
No material changes and commitments, affecting the financial position of the Company, have occurred between the ends of financial year of the Company i.e. March 31, 2026 to the date of this Report.
PARTICULAR OF EMPLOYEES:
The ratio of the remuneration of each director to the median of employees' remuneration as per Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is annexed to this Report as Annexure-A.
INFORMATION ON SUBSIDIARY, ASSOCIATE AND JOINT VENTURE COMPANIES:
As on March 31, 2026, the Company does not have any Subsidiary, Associate, or Joint Venture Company within the meaning of Section 2(6) and Section 2(87) of the Companies Act, 2013.
Accordingly, the disclosure in Form AOC-1 pursuant to Section 129(3) of the Companies Act, 2013 is not applicable.
SEXUALHARASSMENT OF WOMEN AT WORKPLACE:
The Company has always fostered a safe and inclusive work environment for all employees. In compliance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, the Company has constituted an Internal Complaints Committee (ICC) at all its workplace locations.
The Company has adopted a Prevention of Sexual Harassment Policy that ensures protection against sexual harassment and provides a framework for addressing complaints in a gender-neutral and confidential manner.
During the year under review,
a) number of complaints of sexual harassment received in the year- NIL
b) number of complaints disposed off during the year- NA
c) number of cases pending for more than ninety days-NA The Policy is available on the Company's website at:
https://indifra.com/investors/policies/Anti%20-%20Sexual%20Harassment%20Policy%20(1).pdf .
COMPLIANCE TO THE PROVISIONS RELATING TO THE MATERNITY BENEFITS ACT, 1961
Company is in Compliance with the Maternity Benefit Act, 1961. However, no maternity benefit was claimed during the year. RISK MANAGEMENT:
A well-defined risk management mechanism covering the risk mapping and trend analysis, risk exposure, potential impact and risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact, if triggered. A detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non- business risks.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
A. Conservation of energy -
i. ) The steps taken or impact on conservation of energy: Company ensures that the operations are conducted in the
manner whereby optimum utilization and maximum possible savings of energy is achieved.
ii. ) The steps taken by the Company for utilizing alternate sources of energy: No alternate source has been adopted.
iii. ) The capital investment on energy conservation equipment: No specific investment has been made in reduction in
energy consumption.
B. Technology absorption -
i. ) The effort made towards technology absorption: Not Applicable.
ii. ) The benefit derived like product improvement, cost reduction, product development or import substitution:
Not Applicable
iii. ) in case of imported technology (imported during the last three years reckoned from the beginning of the
financial year) -
a. The details of technology imported: Nil.
b. The year of import: Not Applicable.
c. Whether the technology has been fully absorbed: Not Applicable.
d. If not fully absorbed, areas where absorption has not taken place, and the reasons thereof: Not Applicable.
iv. ) The expenditure incurred on Research and Development: Nil
C. Foreign Exchange Earnings & Expenditure:
i. ) Details of Foreign Exchange Earnings: Nil
ii. ) Details of Foreign Exchange Expenditure: Nil
COMPLIANCE WITH THE PROVISIONS OF SECRETARIALSTANDARD 1 AND SECRETARIALSTANDARD 2:
The Company has 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. During the year under review, the Company has complied with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India.
INTERNAL FINANCIAL CONTROL (IFC) SYSTEMS AND THEIR ADEQUACY
Though the various risks associated with the business cannot be eliminated completely, all efforts are made to minimize the impact of such risks on the operations of the Company. Necessary internal control systems are also put in place by the Company on various activities across the board to ensure that business operations are directed towards attaining the stated organizational objectives with optimum utilization of the resources. Apart from these internal control procedures, a well defined and established system of internal audit is in operation to independently review and strengthen these control measures. The audit is based on an internal audit plan, which is reviewed each year in consultation with the statutory auditor of the Company and the audit committee. The conduct of internal audit is oriented towards the review of internal controls and risks in its operations
M/s. Deora Maheshwari & Co. Chartered Accountants (FRN: 123009W), the statutory auditors of the Company has audited the financial statements included in this annual report and has issued an report annexed as an Annexure B to the Audit Report of the Company on our internal control over financial reporting as defined in section 143 of Companies Act, 2013
The audit committee reviews reports submitted by the management and audit reports submitted by internal auditors and statutory auditor. Suggestions for improvement are considered and the audit committee follows up on corrective action. The audit committee also meets the statutory auditors of the Company to ascertain, inter alia, their views on the adequacy of Internal control systems and keeps the board of directors informed of its major- observations periodically. Based on its evaluation (as defined in section 177 of Companies Act 2013), our audit committee has concluded that, as of March 31, 2026, our internal financial controls were adequate and operating effectively.
CORPORATE GOVERNANCE
Integrity and transparency are key factors to our corporate governance practices to ensure that we achieve and will retain the trust of our stakeholders at all times. Corporate governance is about maximizing shareholder value legally, ethically and sustainably. Our Board exercises its fiduciary responsibilities in the widest sense of the term. We also endeavour to enhance long-term shareholder value and respect minority rights in all our business decisions.
As our company has been listed on Emerge Platform of National Stock Exchange of India Limited, by virtue of Regulation 15 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 the compliance with the corporate Governance provisions as specified in regulation 17 to 27 and Clause (b) to (i) of sub regulation (2) of Regulation 46 and of Schedule V are not applicable to the company. Hence Corporate Governance Report does not form a part of this Board Report, though we are committed for the best corporate governance practices.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
In terms of Regulation 34 and Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 a review of the performance of the Company for the year under review Management Discussion and Analysis Report is presented in a separate section which is annexed to this Report as Annexure-C.
STATUTORY AUDITOR AND THEIR REPORT
M/s. Deora Maheshwari & Co., Chartered Accountants (Firm Registration No. 123009W) were appointed as Statutory Auditors of your Company at the 14th Annual General Meeting held in year 2023 till the conclusion of the 18 Annual General Meeting to be held in the year 2027. In accordance with the Companies Amendment Act, 2017, enforced on May 7, 2018 by the Ministry of Corporate Affairs, the appointment of Statutory Auditors is not required to be ratified at every Annual General Meeting and hence resolution for ratification of appointment of statutory auditor is not proposed by the Board of Directors.
The Report given by the Auditors on the financial statement of the Company is part of this Annual Report. There has been no qualification, reservation, adverse remark or disclaimer given by the Auditors in their Report.
INTERNAL AUDITOR:
Pursuant to Section 138 of Companies Act 2013, the Company had appointed M/s. SMJ & Associates Chartered Accountant, Ahmedabad, as an Internal Auditor of the Company.
REPORTING OF FRAUD:
During the year under review the Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013.
MAINTENANCE OF COST RECORD
The Company is not required to maintain cost records as specified by the Central Government as per Section 148(1) of the Act and the rules framed thereunder and accordingly.
SIGNIFICANT/MATERIALORDERS PASSED BY THE REGULATORS INTERNALAUDITOR:
There are no other significant/material orders passed by the Regulators, Courts, Tribunals, Statutory and quasi-judicial body impacting the going concern status of the Company and its operations in future. The details of litigation on tax and other relevant matters are disclosed in the Auditors' Report and Financial Statements which forms part of this Annual Report.
CORPORATE INSOLVENCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016(IBC):
During the period under review no corporate insolvency resolution process is initiated against the company under the Insolvency and Bankruptcy Code, 2016 (IBC).
CORPORATE SOCIALRESPONSIBILITY:
The provisions of Section 135 of the Companies Act, 2013, relating to Corporate Social Responsibility, are not applicable to the Company during the year under review.
SECRETARIALAUDITOR AND THEIR REPORT:
The Company has appointed M/s. SCS AND CO LLP, Practicing Company Secretary, Ahmedabad, to conduct the secretarial audit of the Company for the Financial Year 2025-26, as required under Section 204 of the Companies Act, 2013 and Rules thereunder. The Secretarial Audit Report for the Financial Year 2025-26 is annexed to this report as an Annexure-B
There have been few common annotation reported by the above Secretarial Auditors in their Report with respect to:
1. The PDF disclosure pertaining to the Closure of Trading Window for the financial results for the period ended March 31,
2026 was filed with the Stock Exchange on March 27, 2026, whereas the corresponding XBRL filing was made on May 02, 2026.
Management Reply : The Management acknowledges the observation and confirms that the delay was inadvertent. The Company shall take necessary steps to ensure timely compliance with the applicable disclosure requirements going forward.
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 employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of Company shares by the Designated Person while in possession of unpublished price sensitive information in relation to the Company and during the period when the Trading Window is closed. The Board is responsible for implementation of the Code.
INDUSTRIALRELATIONS
During the year under review, industrial relations remained harmonious at all our offices and establishments.
DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF
No such incidence took place during the year.
INSURANCE
The assets of your Company have been adequately insured.
WEBSITE:
Your Company has its fully functional website https://indifra.com/ which has been designed to exhibit all the relevant details about the Company. The site carries a comprehensive database of information of the Company including the Financial Results of your Company, Shareholding Pattern, details of Board Committees, Corporate Policies / Codes, business activities and current affairs of your Company. All the mandatory information and disclosures as per the requirements of the Companies Act, 2013, Companies Rules, 2014 and as per Regulation 46 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and also the non-mandatory information of Investors' interest / knowledge has been duly presented on the website of the Company.
GENERALDISCLOSURE:
Your Directors state that the Company has made disclosures in this report for the items prescribed in section 134 (3) of the Act and Rule 8 of The Companies (Accounts) Rules, 2014 and other applicable provisions of the act and listing regulations, to the extent the transactions took place on those items during the year. Your directors further state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review"
(i) Issue of Equity Shares with differential rights as to dividend, voting or otherwise;
(ii) Issue of shares (including sweat equity shares) to employees of the Company under any scheme save and ESOS;
(iii) Annual Report and other compliances on Corporate Social Responsibility;
(iv) No significant or material orders were passed by the Regulators or Courts or Tribunals which impact the going concern status and Company's operations in future;
ACKNOWLEDGEMENT
Your directors take this opportunity to express their gratitude for the co-operation and support from its customers, vendors, bankers and business associates and look forward to their continued support.
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