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EQUITY - MARKET SCREENER

Radhe Developers (India) Ltd
Industry :  Construction
BSE Code
ISIN Demat
Book Value()
531273
INE986B01036
14.9231728
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
N.A
17.83
395.58
EPS(TTM)
Face Value()
Div & Yield %
8.81
10
0
 

As on: May 18, 2022 09:22 PM

 

To,

The Members of

Radhe Developers (India) Limited

The Board of Directors are pleased to present the 27th Annual Report on the business and operations of the Company along with the Audited Financial Statements of the Company for the financial year ended on March 31, 2021.

1. FINANCIAL HIGHLIGHTS/SUMMARY AND STATE OF AFFAIRS

The Company's financial performance for the year ended on March 31, 2021 is summarized below:

(Rs in Lakhs)

FINANCIAL RESULTS AND APPROPRIATIONS : Year ended 31/03/2021 Year ended 31/03/2020
Revenue from Operations 88.85 386.47
Other Income 0 0.64
Total Revenue 88.85 387.11
Profit Before Tax (PBT) (303.67) (197.13)
Less : Taxation -12.60 -6.30
Net Profit after Tax (PAT) -291.11 -190.83
Other Comprehensive income (net of tax) 0.21 0.01
Total comprehensive income for the year -290.90 -190.83
Balance brought forward from Previous Year -532.33 -341.5
Profit/(Loss) for the year -290.90 -190.83
Balance carried to Balance Sheet -823.23 -532.33

Note: The Company discloses financial results on a quarterly basis of which results are subjected to limited review and publishes audited financial results on an annual basis. The Financial Statements as stated above are also available on the website of the Company at www.radhedevelopers.com.

Revenue from operations has decreased by 77.1% and total revenue has declined by 77.05%. There has been a loss in the current year as well as in previous year.

2. NATURE OF BUSINESS

The Company is engaged in the activities of Real Estate Development. On the real estate development front, the Company develops residential, commercial, plotting and social infrastructure projects. There was no change in nature of the business of the Company, during the year under review.

3. MATERIAL CHANGES AND COMMITMENTS

There have been no material changes and commitments affecting the financial position of the Company between the end of the financial year and date of this report.

4. FINANCIAL PERFORMANCE

During the year under review, the Company registered total revenue of Rs 88.85 lakh as compared to Rs 387.11 lakh for the previous year and Profit before Tax stood at Rs -303.67 lakh for the year under review as compared to Rs -197.13 lakh for the previous year.

5. DIVIDEND

During the year under review, the company is facing huge loss and hence, Directors do not to recommend any dividend.

6. TRANSFER TO RESERVES

During the year under the review the Company has transferred of Rs -290.90 lakh to the Reserves and Surplus.

7. MANAGEMENT DISCUSSION AND ANALYSIS

Management's Discussion and Analysis Report for the year under review, as stipulated under the Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), is presented in a separate section, forming part of the Annual Report.

8. SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES

The Company does not have any subsidiary, joint venture or associate company.

9. DIRECTORS' RESPONSIBILITY STATEMENT

As stipulated in Section 134(3)(c) read with sub-section (5) of the Companies Act, 2013, Directors subscribe to the "Directors' Responsibility Statement" and confirm that:

a) In preparation of Annual Accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;

b) 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 at the end of the financial year and of the loss of the Company for that period;

c) 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;

d) The Directors have prepared the annual accounts for the year ended March 31, 2021 on going concern basis;

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

10. COMPLIANCE WITH SECRETARIAL STANDARDS

The Directors state that 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.

11. CORPORATE GOVERNANCE

The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements set out by the Securities and Exchange Board of India (SEBI). The Company has also implemented several best governance practices.

Our Corporate Governance Report for fiscal 2021 forms an integral part of this Annual Report, together with the Certificate from the auditors of the Company regarding compliance with the requirements of Corporate Governance as stipulated in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

12. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The members of the Board of Directors of the Company are of proven competence and integrity. Besides having financial literacy, experience, leadership qualities and the ability to think strategically, the Directors have a significant degree of commitment to the Company and devote adequate time for the meetings, preparation and attendance.

Reappointments

In accordance with the provisions of the Companies Act, 2013 and in terms of Article 98 of Articles of Association of the Company, Smt. Jahnavi A. Patel, Director of the Company retire by rotation at the ensuing Annual General Meeting and being eligible, offers herself for re-appointment, subject to the approval of the Members of the Company.

The Board recommends the re-appointment of Smt. Jahnavi A. Patel for your approval. A brief Resume of Smt. Jahnavi A. Patel is attached with the Notice of Annual General Meeting.

Based on the Recommendations of the Nomination and Remuneration Committee, the board passed Circular Resolution on March 31, 2021, considered reappointment of Mr. Bharat Pandya for a second term of period of 5 years i.e. w.e.f April 01, 2021 to March 31, 2026 and recommends for member's approval as required under section 149(10) of the Companies Act, 2013 at forthcoming Annual General Meeting. A proposed resolution included in AGM Notice.

Board Independence

‘Independence' of Directors means as defined in Regulation 16(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 149(6) of the Companies Act, 2013. Based on the confirmation / disclosures received from the Directors and on evaluation of the relationships disclosed, the following Non-Executive Directors are Independent: a) Shri Bharat Pandya b) Shri Dineshsingh Kshatriya c) Shri Tusharkumar Patel

Declaration by Independent Directors

The Company has received declarations from all the independent directors of the Company that they meet the criteria of independence as provided under Section 149(6) of the Companies Act, 2013 and Regulation 16(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. There has been no change in the circumstances affecting their status as independent directors of the Company.

The independent directors have also confirmed compliance with the provisions of rule 6 of Companies (Appointment and Qualifications of Directors) Rules, 2014, as amended, relating to inclusion of their name in the databank of independent directors.

Independent Director Data Bank

As per Companies (Appointment and Qualification of Directors) Rules. 2014, Mr. Dineshsingh Kshatriya and Mr. Bharat Pandya does not required to pass the online proficiency self-assessment test as they have served for more than 3 years as director in a listed company as on the date of inclusion of name in data bank. Further, Mr. Tushar Patel has passed the online proficiency self-assessment test on June 04, 2021.

Statement on Compliance of Code of Conduct for Independent Directors and Statement on Compliance of Code of Conduct for Directors and Senior Management Personnel

The Independent Directors have complied with the Code for Independent Directors prescribed in Schedule IV to the Act. The board and Senior Management have complied with the policy of Code of Conduct for Directors and Senior Management Personnel.

Key Managerial Personnel

The following persons have been designated as Key Managerial Personnel of the Company pursuant to Section 2(51) and Section 203 of the Act, read with the Rules framed thereunder.

1. Shri Ashish Patel - CEO & Managing Director

2. Shri Pranav Patel - Chief Financial Officer

3. Shri Dipen A. Dalal - Company Secretary & Compliance Officer

Policy on Director's Appointment and Remuneration

The Policy of the Company on Director's appointment and remuneration including criteria for determining qualifications, positive attributes, independence of a Director and other matters provided under sub-section (3) of section 178, is available on the website of the Company at www.radhedevelopers.com/investors/policies-of-rdil.

Board Evaluation

The Company has devised a Board Evaluation Framework for performance evaluation of Independent Directors, Board, Non-Independent Directors and Chairman of the Company.

Pursuant to this framework, the Board has carried out the annual evaluation of its own performance as well as the evaluation of the working of its Committees and individual Directors, including Chairman of the Board. This exercise was carried out through a structured questionnaire prepared separately for Board, Committee and individual Directors.

The questionnaire for Board evaluation was prepared taking into consideration various aspects of the Board's functioning such as understanding of Board members of their roles and responsibilities, time devoted by the Board to Company's long-term strategic issues, quality and transparency of Board discussions, quality, quantity and timeliness of the information flow between Board members and management, Board's effectiveness in disseminating information to shareholders and in representing shareholder interests, Board information on industry trends and regulatory developments and discharge of fiduciary duties by the Board.

The Board acknowledged certain key improvement areas emerging through this exercise and action plans to address these are in progress. The performance evaluation of the Non Independent Directors including Chairman was carried out by the Independent Directors at a separate meeting of the Independent Directors on January 22, 2021. The Nomination and Remuneration Committee has further carried out evaluation of all Directors including Independent Directors. The report of performance evaluation so arrived at was then noted and discussed by the Nomination and Remuneration Committee and the Board in their respective meetings.

13. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Information relating to Conservation of Energy, Technology Absorption and Foreign Earning and Outgo, as required under Section 134(3)(m) of the Companies Act, 2013 read together with Rule 8(3) of the Companies (Accounts) Rules, 2014 forms part of this Report as Annexure I.

14. EXTRACTS OF ANNUAL RETURN

Pursuant to sub-section 3(a) of Section 134 and sub-section (3) of Section 92 of the Companies Act, 2013 read with Rule 12 of Companies (Management and Administration) Rules, 2014 the Extract of the Annual Return as at March 31, 2021 in Form MGT-9 is annexed to this Report as Annexure II. The same is available on http://www.radhedevelopers.com/ investors/annual-reports/

15. PARTICULARS OF EMPLOYEES AND OTHER ADDITIONAL INFORMATION

The information required pursuant to Section 197 read with rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company are given in Annexure III.

16. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

No related party transactions that were entered into during the financial year. There are no materially significant related party transactions made by the company with Promoters, Key Managerial Personnel or other designated persons which may have potential conflict with interest of the company at large. Accordingly the disclosure of related party transaction as require under Section 134(3)(h) of the Companies Act, 2013 in form AOC-2 is not applicable.

17. INVESTOR EDUCATION AND PROTECTION FUND (IEPF) AND DEMAT SUSPENSE ACCOUNT

Pursuant to the applicable provisions of the Companies Act, 2013, read with the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017, all unpaid or unclaimed amount are required to be transferred by the Company to the IEPF established by the Central Government, after the completion of seven years from the date it became due for payment. There are no amount or shares required to be transferred to IEPF authority.

No Shares were required to be transferred to Demat Suspense Account either at the beginning of the year and during the year.

18. AUDITORS

Statutory Auditors

M/s. Chandabhoy & Jassoobhoy, Chartered Accountants Ahmedabad (Firm Registration No. 101648W), are the Statutory Auditors of the Company for the year ended March 31, 2021.

At the twenty-third AGM held on September 15, 2017 the Members approved appointment of Chandabhoy & Jassoobhoy, Chartered Accountants (Firm Registration No. 101648W), as Statutory Auditors of the Company to hold office for a period of five years, subject to ratification of their appointment by Members at every AGM, if so required under the Act. The requirement to place the matter relating to appointment of auditors for ratification by Members at every AGM has been done away by the Companies (Amendment) Act, 2017 with effect from May 7, 2018. Accordingly, no resolution is being proposed for ratification of appointment of statutory auditors at the ensuing AGM and a note in respect of same has been Included in the Notice for this AGM.

The report of the Auditors is self-explanatory and does not contain any qualification, reservation or adverse remark and does not call for any comment. Pursuant to Section 143 (12) of the Companies Act, 2013 no incident of fraud has been submitted to the Audit Committee of the Company in the year under review.

Internal Auditors

M/s. Kishan Tilva & Company, a reputed firm of Chartered Accountants, are Internal Auditors of the Company. The Audit Committee of the Board of Directors in consultation with Internal Auditors, formulate the Scope, Functioning, Periodicity and Methodology for conducting internal audit. The Board of Directors in their meeting held on June 11, 2021 approved the appointment of M/s. Kishan Tilva & Company, Chartered Accountants, to conduct the Audit for F.Y. 2021-22.

Secretarial Auditors

The board of directors in their meeting held on June 11, 2021 approved the appointment of Jalan Alkesh & Associates, Practicing Company Secretary (Membership No.: 15677 & COP No.: 4580), to conduct Secretarial Audit for the Financial Year 2021-2022 and to continue thereafter until and unless resolved otherwise.The Secretarial Audit Report for the financial year ended March 31, 2021 is annexed herewith marked as Annexure IV to this Report.

The secretarial audit report do not contain any qualifications, reservations, or adverse remarks or disclaimer.

Cost Auditors

The Company has not appointed the Cost Auditor as pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Amendment Rules, 2014, the cost audit is not applicable to the Company.

19. ANNUAL SECRETARIAL COMPLIANCE REPORT

SEBI vide its Circular No. CIR/CFD/CMD1/27/2019 dated 8th February, 2019 read with Regulation 24(A) of the Listing Regulations, directed listed entities to conduct Annual Secretarial compliance audit from a Practicing Company Secretary of all applicable SEBI Regulations and circulars/guidelines issued thereunder.

The said Secretarial Compliance report is in addition to the Secretarial Audit Report by Practicing Company Secretaries is required to be submitted to Stock Exchanges within 60 days of the end of the financial year.

The Company has engaged the services of M/s. Jalan Alkesh & Associates (CP No. 4580), Practicing Company Secretary and Secretarial Auditor of the Company for providing this certification.

The copy of the annual secretarial compliance report is submitted to stock exchange on June 11, 2021.

20. CORPORATE POLICIES

We seek to promote and follow the highest level of ethical standards in all our business transactions guided by our Value system. The SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 mandate the formulation and revision of Certain Policies for all Listed Companies. The Policies are reviewed periodically by the board and updated as needed. During the year 2018-19, the board revised and adopted following policies which are also uploaded on the website of the company:

Whistle Blower/Vigil Mechanism Policy: The Company has revised the said policy and included the whistle blower mechanism for directors and employees to report concerns about unethical behavior, actual or suspected fraud or violation of the company's code of conduct. The policy was revised and adopted effective April 01, 2019. The Whistle Blower policy was amended in line with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018 enabling the employees to report instances of leak of Unpublished Price Sensitive Information (UPSI).

Insider Trading Policy: The Policy provides the framework in dealing with securities of the Company. The Policy was revised and adopted effective April 01, 2019. The Insider trading policy was amended in line with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018. The Key changes include, inter alia, change in definition of Designated Persons, Maintenance of digital database, internal controls and policy and procedure for inquiry in case of leak of UPSI.

Policy and Procedure for Enquiry In Case of Leak of Unpublished Price Sensitive Information or Suspected Leak of Unpublished Price Sensitive Information: The Policy provides the framework in dealing with leak of UPSI or Suspected leak of UPSI. The policy was adopted effective April 01, 2019. The Policy was amended in line with SEBI

(Prohibition of Insider Trading) (Amendment) Regulations, 2018.

Policy on Code of Conduct to Regulate, Monitor and Report Trading by Insiders Including Specified Persons and Designated Persons: The policy provides the framework in dealing with its directors, employees or other insiders based on Unpublished Price Sensitive Information not generally available to others. The policy was revised effective April 01, 2019. The policy was amended in line with SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018.

21. DEPOSITS

The Company has not invited any deposit other than the exempted deposit as prescribed under the provision of the Companies Act, 2013 and the rules framed there under, as amended from time to time. Hence there are no particulars to report about the deposit falling under Rule 8(5)(v) and (vi) of Companies (Accounts) Rules, 2014.

Pursuant to Rule 2(1)(c) (viii) of Companies (Acceptance of Deposit) Rules, 2014 an aggregate amount of deposit taken from the Directors is Rs 18,36,758/-.

The Directors have given a declaration stating that the amount deposited is out of own funds and not by way of borrowings from others.

22. LISTING AT STOCK EXCHANGE

The Equity Shares of the Company continue to be listed on the BSE Limited. The Annual Listing Fee for the current year has been paid to the BSE Limited.

23. SIGNING OF THE FINANCIAL STATEMENTS

This is to inform you that the Company has approved and authenticated its Audited Financial Results for the year ended March 31, 2021 in the Board meeting duly held on June 11, 2021, which is well within the statutory time limits as prescribed in the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

24. OTHER DISCLOSURES

Share Capital

The Paid up Equity Share Capital as at March 31, 2021 stood at Rs 2517.99 lakhs. During the year under review, the Company has not issued any further Share Capital.

Meetings of the Board of Directors

Four meetings of Board of Directors were held during the year. Particulars of meetings held and attended by each Director are detailed in the Corporate Governance Report, which forms part of this Report. The Maximum Interval between any two meetings did not exceed 120 days, as prescribed in the Companies Act, 2013.

Audit Committee

The Audit Committee comprises of Shri Bharat Pandya, Independent Director (Chairman), Shri Dineshsingh Kshatriya, Independent Director and Shri Alok Vaidya, Non-Executive Director. During the year all the recommendations made by the Audit Committee were accepted by the Board. In Conformity with the requirements of Regulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 177 of the Companies Act, 2013, as applicable, the strength of the Board as also of the Audit Committee is adequate.

Change in Nature of Company Business

The Company is engaged in Construction Business. During the year there is no change in the nature of Company's Business.

Corporate Social Responsibility (CSR)

Provisions of the Section 135 of the Companies Act, 2013 and the Rules framed thereunder are not applicable to the Company. Hence CSR report is not required to be annexed.

Particulars of Loan given, Investments made, Guarantee given and Security Provided

The Particulars of loans and investments, if any, are provided in the Balance Sheet. The Company has not provided any guarantee for the loans availed by others. The Company has also not provided any Security for the loans availed by others.

Internal Financial Controls

The Internal Financial Controls with reference to financial statements as designed and implemented by the Company are adequate. During the year under review, no material or serious observation has been received from the Statutory Auditors and the Internal Auditors of the Company on the inefficiency or inadequacy of such controls.

Internal Control Systems

Adequate internal control systems commensurate with the nature of the Company's business and size and complexity of its operations are in place and have been operating satisfactorily. Internal control systems comprising of policies and procedures are designed to ensure reliability of financial reporting, timely feedback on achievement of operational and strategic goals, compliance with policies, procedure, applicable laws and regulations and that all assets and resources are acquired economically, used efficiently and adequately protected.

Risk Management Policy

The Board of Directors of the Company has put in place a Risk Management Policy which aims at enhancing shareholders' value and providing an optimum risk-reward trade off. The risk management approach is based on a clear understanding of the variety of risks that the organisation faces, disciplined risk monitoring and measurement and continuous risk assessment and mitigation measures.

Vigil Mechanism & Whistle Blower Policy

The Company has revised the Vigil Mechanism & Whistle Blower Policy by passing circular resolution on March 29, 2019 w.e.f April 01, 2019. The Company has a Vigil mechanism &

Whistle blower policy under which the employees are free to report violations of applicable laws and regulations and the Code of Conduct. The reportable matters may be reported to the Vigilance & Ethics Officer which operates under the supervision of the Audit Committee, as protected disclosures through an e-mail, or dedicated telephone line or a written letter. Employees may also report directly to the Chairman of the Audit Committee. The said Policy is available on the website of the Company at www.radhedevelopers.com/investors/ policies-of-rdil.

Policy on Related Party Transactions

The Board of the Company has adopted the Policy and procedure with regard to Related Party Transactions. The policy envisages the procedure governing the materiality of Related Party Transactions and dealing with Related Party transactions required to be followed by Company to ensure compliance with the Law and Regulation. The said Policy is available on the website of the Company at www.radhedevelopers.com/investors/policies-of-rdil.

Prevention of Sexual Harassment of Women at Workplace

There were no incidences of sexual harassment reported during the year under review, in terms of the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made thereunder.

The Board of the Company has adopted the Policy on Prevention of Sexual Harassment of Women at Workplace in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and Rules made thereunder w.e.f May 24, 2019. The ‘Internal Complaint Committee' has been constituted w.e.f February 08, 2019 to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. The following is the summary of sexual Harassment Complaints received and disposed-off during the year under review i.e 2020-21.

Sr. Particulars No. of Complaints
1. Number of complaints pending at the beginning of the year NIL
2. Number of complaints received during the year NIL
3. Number of complaints disposed -off during the year NIL
4. Number of cases pending at the end of the year NIL

The Committee held meeting on January 22, 2021. All the Members were presented.

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 Directors and the designated employees 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.

Details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status

No Application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year.

List of Company Policies and its link

To enable stakeholder's access to the Company's Policy, the list of various policies along with its Website Link is given below:

Sr. No. Name of Policy Website Link
1. Hosting Archival Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Hosting%20Archival%20Policy.pdf
2. Code of Fair Disclosure of UPSI http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Code%20of%20Practices%20&%20Procedure%20for%20Fair %20Disclosure%20 (w.e.f%201st%20April,%202019).pdf
3. Insider Code http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Final_Code%20of%20Conduct_UPSI_29.03.2019.pdf
4. Code of Conduct for Board http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Code%20of%20Conduct.pdf
5. Familiarization Programmes for IDs http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Familarization%20policy%20of%20IDs.pdf
6. Materiality of Events Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Materiality%20of%20Events%20Policy.pdf
7. Nomination & Remuneration Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Nomination%20_%20Remuneration%20Policy.pdf
8. Performance Evaluation Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Performance%20Evaluation%20Policy.pdf
9. Policy on Board Diversity http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Policy%20on%20Board%20Diversity.pdf
10. Policy on Preservation of Documents http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Policy%20on%20Preservation%20of%20Documents.pdf
11. Related Party Transactions Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Related%20Party%20Transaction%20Policy.pdf
12. Risk Management Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Risk%20Management%20Policy.pdf
13. Vigil Mechanism / Whistle Blower Policy http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Final_Whistle%20Blower%20Policy%20-%20RDIL.pdf
14. T&C of Appointment of IDs http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Terms%20_%20Conditions%20of%20Appointment%20of%20I D.pdf
15. Procedure in Case of Leak of UPSI http://www.radhedevelopers.com/wp- content/uploads/pdf/invester/policies-of- rdil/Final_Leak%20of%20UPSI_RDIL_29.03.2019.pdf

25. GENERAL

Directors of the Company states 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. Details relating to deposits covered under Chapter V of the Act. ii. Issue of equity shares with differential rights as to dividend, voting or otherwise. iii. Issue of shares (including sweat equity shares) to employees of the Company under any scheme. iv. The Company does not have any scheme of provision of money for the purchase of its own shares by employees or by trustees for the benefit of employees. v. Neither the Managing Director nor the Whole Time Director of the Company receives any remuneration or commissions from any of its subsidiaries. vi. 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. vii. No fraud has been reported by the Auditors to the Audit Committee or the Board.

26. ACKNOWLEDGEMENTS

Your Directors take this opportunity to thank the employees, customers, vendors, investors of the Company and the communities in which the Company operates for their unstinted co-operation and valuable support extended to the Company during the year.

Your Directors also thank the Government of India, State Government and concerned government departments/agencies for their co-operation.

Your Directors appreciate and value the contributions made by every member of Radhe family.

For and on behalf of the Board of Directors of
Radhe Developers (India) Limited,
Ashish Patel
Date : June 11, 2021 Chairman cum Managing Director
Place : Ahmedabad DIN: 00228026