A B Infrabuild Ltd
Directors Reports
To,
The
Members,
A
B Infrabuild Limited,
Your
Directors have pleasure in presenting the 13 th Annual Report of your company
along with the Audited Financial Statements for the Financial Year ended on March 31st,
2023 . Further, in compliance with the Companies Act, 2013 the company has made all
requisite disclosures in the Board Report with the objective of accountability and
transparency in its operations and to make you aware about its performance and future
perspective.
1.
FINANCIAL RESULTS:
The
Company's performance during the financial year ended March 31, 2023 as compared to the
previous financial year is summarized as below:
Particulars |
2022-23 |
2021-22 |
Revenue
from Operations |
12308.86 |
6431.57 |
Other
Income |
69.79 |
28.35 |
Total
Revenue |
12378.65 |
6459.80 |
Less:
Finance Cost |
445.01 |
393.85 |
Less:
Depreciation & Amortization |
74.37 |
81.76 |
Less:
Other Expenses |
11039.79 |
5917.11 |
Profit
Before Tax & Exceptional Items |
819.48 |
67.08 |
Less:
Exceptional Items |
(207.27) |
(45.43) |
Profit/
(Loss) Before Tax |
1026.75 |
112.51 |
Less:
Current Tax |
213 |
17.66 |
Less:
Short/Excess Provision of Taxation |
7.68 |
0.32 |
Less:
Deferred Tax |
52.29 |
8.09 |
Profit/
(Loss) After Tax |
753.78 |
86.44 |
Other
Comprehensive Income |
- |
- |
Net
Profit/ (Loss) |
753.78 |
86.44 |
2.
PERFORMANCE REVIEW:
During
the year under review, the revenue from operations were ? 12308.86 Lakhs as against ?
6431.57 Lakhs in the previous year. The Company reported a profit before tax of ? 1026.75
Lakhs as against loss of ? 112.51 Lakhs in the previous financial year and net profil for
the year was ? 753.78 Lakhs as against loss of ? 86.44 Lakhs in previous financial year.
3.
IMPACT OF COVID-19 PANDEMIC:
In
the early 2023 the world faced the impact of 3rd Wave of Covid, however there was no
lockdown in the country, which ensured the smooth working of the industries, supply chains
were not disrupted, factory employees were able to go to work etc.
The
management is of the view that future prospects and growth of your Company will depend on
the overall economic scenario. However, all necessary activities have been initiated which
would give us the lead in future.
4.
DIVIDEND:
With
a view to provide cushion for any financial contingencies in the future and to strengthen
the financial position of the Company, your Directors have decided not to recommend any
dividend for the period under review.
5.
RESERVES:
In
the financial year 2022 -23, the reserves maintained with the Company is ? 2265.16 Lakhs
while in the year 2021-22, reserves was ? 1511.84 Lakhs.
6.
MATERIAL CHANGE AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY
WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICH THE
FINANCIAL STATEMENT RELATE AND THE DATE OF THIS REPORT:
There
have been material changes and commitments, affecting the financial position of the
Company which has occurred between the end of the financial year of the Company to which
the financial statements relate and the date of the report as mentioned below:
A. Company convened Extra-Ordinary General Meeting on May 04, 2023
to pass resolution asmentioned below:
I.
For increasing the Authorised Share Capital of the Company from Rs.15,00,00,000
(Rupees
Fifteen Crore Only) divided into 1,50,00,000 Equity Shares of Rs.10 (Rupees Ten Only) each
to Rs.50,00,00,000/- (Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crore)
Equity Shares of Rs.10/- (Rupees Ten Only) each.
ii.
For issue of Equity Shares up to 86,68,000 having face value of Rs. 10 (Rupees Ten) and at
an issue price of Rs. 10.80/-(Rupees Ten & Eighty Paisa Only) total aggregating to Rs.
9,36,14,400 [Nine Crore Thirty Six Lakhs Fourteen Thousand & Four Hundred Only) on
preferential basis pursuant to sections 23, 42 and 62 and other applicable provisions, if
any, of the Companies Act, 2013 (the "Act") and the rules made thereunder
(including any statutory modification(s) or re-enactment(s) thereof for the time being in
force) and in accordance with the SEBI (ICDR) Regulations and the SEBI (LODR) Regulations
as amended from time to time.
iii.
For issue of 2,63,68,000 fully convertible warrants ("Warrants/ Convertible
Warrants") into Equity Shares, In accordance with Sections 23,42 and 62 and other
applicable provisions, if any, of the Companies Act, 2013 (the "Act") and the
rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof
for the time being in force) and in accordance with the SEBI (ICDR)Regulations and the
SEBI (LODR) Regulations as amended from time to time.
B.
Company has passed special resolution through Postal Ballot Notice for the purpose of
Migration Of Listing / Trading of Equity Shares Of The Company From NSE Emerge/ SME
Exchange Platform Of National Stock Exchange Of India Limited (NSE) To Main Board of
National Stock Exchange of India Limited as well as on Main Board Of BSE Ltd. The
Resolution(s) set out in the Notice was declared passed with the requisite majority by the
shareholders of the Company on Sunday, May 14, 2023.
7.
DEPOSITS:
The
Company has neither accepted nor renewed any deposits falling within the purview of
Section 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules,
2014 as amended from time to time, during the year under review and therefore details
mentioned in Rule 8(5)(v) & (vi) of Companies (Accounts) Rules, 2014 relating to
deposits, covered under Chapter V of the Act is not required to be given.
8.
CHANGES IN NATURE OF BUSINESS:
There
is no significant change made in the nature of the Company during the financial year under
review
9.
SHARE CAPITAL:
The
Capital Structure of the Company as on March 31st, 2023 are as follows: -
The
Authorized Share Capital of the Company is ? 15,00,00,000 (Rupees Fifteen Crore)
divided
into 1,50,00,000 (One Crore Fifty Lakh) Equity Shares of 10/- each.
The
Issued, sub scribed and Paid up Share Capital of the Company is ? 12,66,94,470 (Rupees
Twelve Crore Sixty -Six Lakh Ninety Four Thousand Four Hundred Seventy) divided into
1,26,69,447 (One Crore Twenty -Six Lakh Sixty -Nine Thousand Four Hundred Forty Seven)
Equity Shares of ? 10/- each.
During
the year under review the Company has not issued any shares. The Company has not issued
any shares with differential voting rights or sweat equity or granted stock options.
10.
DETAILS OF SUBSIDIARY / JOINT VENTURE / ASSOCIATES COMPANIES:
As
on 31st March 2023, the Company does not have any subsidiary or joint venture and
associate company.
11.
LISTING OF SHARES:
The
Company's shares are listed on NSE emerge SME platform with ISIN INE00YB01017& Symbol
ABINFRA.
12
DIRECTORS AND KEY MANAGERIAL PERSONNEL:
The
Composition of the Board and Key Managerial Persons (KMP) of the Company as on March 31st,
2023 were as follow:
.
Name
of Director |
Designation
/ Appointment |
Change
in designatio n |
Date
of change in designation / Date of Appointment |
Date
of Resignation |
1
Mr.
Amit Mishra |
Managing
Director |
- |
07/06/2018 |
— |
2
Mr.
Shreeprakash Singh |
Whole
Time Director |
- |
07/06/2018 |
— |
3
Mr.
Bharatkumar Parmar |
Whole
Time Director |
- |
07/06/2018 |
— |
4
Mr.
Mukesh Pandey |
Director
(Non-Executive) |
Director
(Non-Ex ecutive) |
01/10/2022 |
— |
5
Mr.
Udayan Chindarkar |
Independent
Director |
- |
07/06/2018 |
— |
6
Ms.
Vanita Bhuva |
Independent
Director |
- |
07/06/2018 |
— |
7
Mr.
Pawan Prajapati |
Company
Secretary |
- |
25/06/2022 |
— |
8
Mr.
Danish Salmani |
Chief
Financial Officer |
- |
01/12/2021 |
— |
Mr.
Shreeprakash Singh's designation has been changed from Whole time Director to Director
(NonExecutive) with effect from April 13, 2023.
Further,
Company has appointed Ms. Archana Rakesh Pandey as Independent Director of the Company
with effect from May 26, 2023 subject to approval of shareholders at the ensuing Annual
General Meeting.
Directors
Retiring by Rotation:
Pursuant
to Section 152 of the Companies Act, 2013 and in accordance with the Article of
Association of the Company, Mr. Shreeprakash Singh, Director of the Company retires by
rotation at the ensuing Annual General Meeting and being eligible offers himself for re -
appointment. The Board of Directors recommends his re-appointment(s).
Declaration
by Independent Directors:
Pursuant
to the provisions of sub-section (7) of Section 149 of the Companies Act, 2013, the
Company has received individual declarations from all the Independent Directors confirming
that they fulfill the criteria of independence as s pecified in Section 149(6) of the
Companies Act, 2013.
The
Independent Director have complied with the Code of Conduct for Independent Directors
prescribed in Schedule IV to the Act.
Independent
Directors who are required to undertake the online proficiency self assessment test as
contemplated under Rule 6(4) of the Companies (Appointment and Qualification of Directors)
Rules, 2014, have cleared such test. The Company has received declarations from all
Independent Directors of the Company confirming that they continue to meet the criteria of
independence as prescribed under Section 149 of the Companies Act 2013.
13.
BOARD AND COMMITTEE MEETING:
Number
of Board Meetings
The
Board of Directors met 10 times during the financial year ended March 31, 2023 on May 30,
2022, June 25, 2022, September 03, 2022, October 27, 2022, November 10, 2022, November 24,
2021, December 19, 2022, January 20, 2023 February 22, 2023 and in accordance with the
provisions of the Companies Act, 2013 and rules made there under. The intervening gap
between two board meetings was within the period prescribed under the Companies Act, 2013
and as per Secretarial Standard-1. The prescribed quorum was presented for all the
Meetings and Directors of the Company actively participated in the meetings and
contributed valuable inputs on the matters brought before the Board of Directors from time
to time.
Attendance
of Directors in the Board Meeting:
Sr.
No.
Name
of Directors |
No.
of Board Meetings |
|
Entitle
to attend |
Attended |
1
Mr.
Amit Mishra |
10 |
10 |
2
Mr.
Bharatkumar Parmar |
10 |
10 |
3
Mr.Shreeprakash
Singh |
10 |
5 |
4
Mr.
Mukesh Pandey |
10 |
7 |
5
Mr.
Udayan Chindarkar |
10 |
7 |
6
Ms.
Vanita Bhuva |
10 |
3 |
Number
of Committees Meeting
The
Audit Committee met 6 times during the Financial Year ended March 31, 2023. The
Stakeholders Relationship Committee met 1 times during the Financial Year ended March 31,
2023. The Nomination and Remuneration Committee met 3 times during the Financial Year
ended March 31, 2023. Members of the Committees discussed the matter placed and
contributed their valuable inputs on the matters brought before the meetings.
14.
COMMITTEES OF THE BOARD:
The
Company has three committees viz; Audit Committee, Nomination and Remuneration Committee,
Stakeholders Relationship Committee which has been established as a part of the better
corporate governance practices and is in compliance with the requirements of the relevant
provisions of applicable laws and statutes.
I.
Audit Committee:
During
the year under review, meeting of Audit Committee were held on May 30, 2022, September 03,
2022, November 10, 2022, January 20,2023, February 22, 2023 and March 27, 2023 and the
attendance records of the members of the Committee are as follows :
Name |
Designation |
No.
of Held |
Meetings
Attended |
1
Ms.
Vanita Bhuva |
Member |
6 |
3 |
2
Dr.
Udayan Chindarkar |
Member |
6 |
6 |
3
Mr.
Mukesh Pandey |
Member |
3 |
3 |
4
Mr.
Amit Mishra |
Member |
6 |
6 |
All
the recommendation made by the Audit Committee in the financial year 2022-23 was approved
by the Board.
II.
Composition of Nomination & Remuneration Committee:
During
the year under review, meeting of Nomination & Remuneration Committee was held on May
30, 2022, September 03, 2022 and March 27, 2023 and the attendance records of the members
of the Committee are as follows:
.
Name |
Designation |
No.
of Meetings |
|
|
Held |
Attended |
1
Ms.
Vanita B huva |
Member |
3 |
2 |
2
Dr.
Udayan Chindarkar |
Member |
3 |
3 |
3
Mr.
Mukesh Pandey |
Member |
1 |
1 |
4
Mr.
Amit Mishra |
Member |
3 |
3 |
III.
Composition of Stakeholder Relationship Committee
During
the year under review, meeting of Stakeholder Relationship Committee was held on March 27,
2023 and the attendance records of the members of the Committee are as follows:
Name |
Designation |
No.
of Meetings |
|
|
Held |
Attended |
1
Ms.
Vanita B huva |
Chairperson
& Member |
1 |
0 |
2
Dr.
Udayan Chindarkar |
Member |
1 |
1 |
3
Mr.
Mukesh Pandey |
Member |
1 |
1 |
4
Mr.
Amit Mishra |
Member |
1 |
1 |
15.
PERFORMANCE EVALUATION OF THE BOARD:
Pursuant
to the provisions of the Companies Act, 2013 and Rules made thereunder, the Board has
carried the evaluation of its own performance, performance of Individual Directors, Board
Committees, including the Chairman of the Board on the basis of attendance, contribution
and various criteria as recommended by the Nomination and Remuneration Committee of the
Company. The evaluation of the working of the Board, its committee, experience and
expertise, performance of specific duties and obligations etc. were carried out. The
Directors expressed their satisfaction with the evaluation process and outcome.
16.
CORPORATE SOCIAL RESPONSIBILITY:
During
the year under review, provisions of Corporate Social Responsibility as mentioned under
section 135 of the Companies Act, 2013 is not applicable to the Company.
17.
VIGIL MECHANISM FOR THE DIRECTORS AND EMPLOYEES:
The
Company has established a vigil mechanism, through a Whistle Blower Policy, where
Directors and employees can voice their genuine concerns or grievances about any unethical
or unacceptable business practice. A whistle-blowing mechanism not only helps the Company
in detection of fraud, but is also used as a corporate governance tool leading to
prevention and deterrence of misconduct.
It
provides direct excess to the employees of the Company to approach the Compliance Officer
or the Chairman of the Audit Committee, where necessary. The Company ensures that genuine
Whistle Blowers are accorded complete protection from any kind of unfair treatment or
victimization.
The
Whistle Blower Policy is disclosed on the website of the Company at www.abinfrabuild.com
18.
RISK MANAGEMENT:
The
Board of the Company has evaluated a risk management to monitor the risk management plan
for the company. The Audit Committee has additional oversight in the area of financial
risk and controls. Major risks identified by the businesses and functions are
systematically addressed through mitigating actions on continuing basis.
The
development and implementation of risk management has been covered in the Management
Discussion and Analysis, which forms part of annual report.
19.
PARTICULARS OF LOANS, GURANTEES OR INVESTMENTS UNDER SECTION 186:
The
details of loans, guarantees or investments covered under the provision of under Section
186 of the Companies Act, 2013 are given in the Note to the Financial Statements.
20.
COMPANIES WHICH HAVE BECOME OR CEASED TO BE SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
This
clause is not applicable to the Company
21.
MATERIAL ORDERS OF JUDICIAL BODIES / REGULATORS
During
the year under review no significant or material orders were passed by the Regulators or
Courts or Tribunals impacting the going concern status and Company's operations in future.
22.
AUDITORS:
STATUTORY
AUDITORS
The
Shareholders of the Company re-appointed M/s Bhuwania & Agrawal Associates, Chartered
Accountants, as Statutory Auditors of the Company for a further period of 5 years
commencing from the Financial Year 2022-23 to 2026-27 in 12th Annual General Meeting of
the Company held on September 29, 2022.
SECRETARIAL
AUDITORS
Pursuant
to the provisions of Section 204 of the Act and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors has appointed
Mr. Mehul B. Bambhroliya, Proprietor of M/s- BMB & Associates, Practicing Company
Secretary, as Secretarial Auditors of the Company for the year under review. The
Secretarial audit report received from the Secretarial Auditors is annexed to this report
marked as Annexure-7 and forms part of this report.
INTERNAL
AUDITORS
The
Board of Directors, based on the recommendation of the Audit Committee and pursuant to the
provisions of section 138 of the Act read with the Companies (Accounts) Rules, 2014, has
appointed. Mr. Kantimohan Mishra having office address at 215, Neo Corporate Plaza,
Ramchandra Extn. Lane, Malad (W), Mumbai 400 064 was appointed as the Internal Auditors of
your Company for the year under review. The Internal Auditor conducts the internal audit
of the functions and operations of the Company and reports to the Audit Committee and
Board from time to time.
AUDITORS
REPORT AND SECRETARIAL AUDIT REPORT
Statutory
Auditor's Report: There are no qualifications, reservations or adverse remarks made by
Statutory Auditors in the Auditor's report. The Statutory Au ditors have not reported any
incident of fraud to the Audit Committee of the Company under subsection (12) of section
143 of the Companies Act, 2013, during the year under review. The notes on accounts
referred to the Auditors' Report are self-explanatory and therefore, do not call for any
further explanation.
Secretarial
Auditor's Report: There is qualifications, reservations or adverse remarks made by
Secretarial Auditors in their Secretarial Audit Report for the Financial Year ended March
31, 2023.
23.
COMPLIANCE WITH SECRETARIAL STANDARDS:
The
Company has complied with all the applicable Secretarial Standards in the Financial Year
2022-23.
24.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013:
In
order to prevent sexual harassment of women at work place an act "The Sexual
Harassment of Women at Workplace" (Prevention, Prohibition and Redressal) Act, 2013
has been notified on 9 th December, 2013. Under the said Act every company is
required to set up an Internal Complaints Committee to look into complaints relating to
sexual harassment at work place of any women employee.
Your
Company has adopted a policy for prevention of Sexual Harassment of Women at workplace and
has set up a Committee for implementation of said policy. During the year Company has not
received any complaint of harassment.
25.
DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:
The
Company is well equipped with adequate internal financial controls. The Company has a
continuous monitoring mechanism which enables the organization to maintain the same
standards of the control systems and help them in managing defaults, if any, on timely
basis because of strong reporting mechanisms followed by the Company.
26.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The
Management Discussion and Analysis report has been separately furnished in the Annual
Report and forms a part of the Annual Report is annexed as Annexure-3.
27.
EXTRACT OF THE ANNUAL RETURN:
The
extract of the annual return in Form No. MGT - 9 in compliance with the requirement of
Section 92(3), Section 134(3) of the Companies Act 2013 is annexed with the Board's Report
as Annexure-1.
28.
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH THE RELATED PARTIES REFFERRED TO IN SUB
SECTION 1 OF SECTION 188
Related
party transactions entered during the financial year under review are disclosed in the
Financial Statements of the Company for the financial year ended March 31, 2023 as
required under Accounting Standard-18. These transactions entered were at an arm's length
basis and in the ordinary course of business. There were no materially significant related
party transactions with the Company's Promoters, Directors, Management or their relatives,
which could have had a potential conflict with the interests of the Company. Form AOC-2,
containing the details of contracts and arrangements with related parties is enclosed
herewith as Annexure-2 as per applicable provisions of the Companies Act, 2013.
29.
REMUNERATION RECEIVED BY MANAGING DIRECTOR AND WHOLETIME DIRECTOR FROM HOLDING AND
SUBSIDIARY COMPANY
The
Company has no Holding and Subsidiary Company hence, this clause is not applicable to the
Company.
30.
PARTICULARS OF EMPLOYEES AND REMUNERATION:
The
Company has no employee, who is in receipt of remuneration of ? 8,50,000/- per month or ?
1,02,00,000/- per annum and hence the Company is not required to give information under
Sub rule 2 and 3 of Rule 5 of the companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014.
Further,
the following details form part of Annexure-4 and Annexure-5 to the Board Report;
-
Pursuant to Rule 5(2)of Companies (Appointment and Remuneration of Managerial Personnel)
Rule, 2014 statement containing the names and other particulars of top ten employees in
terms of Remuneration drawn by them in Annexure-4.
-
Disclosure under Rule 5 of Companies (Appointment and Remuneration of Managerial
Personnel) Rule, 2014- Annexure 5.
31.
FRAUD REPORTING:
There
was no fraud disclosed during the current Financial Year.
32.
CODE OF CONDUCT:
The
Board has laid down a Code of Conduct ("Code") for Board Members, Managerial
Personnel and for Senior Management Employees of the Company. This Code has been posted on
the Company's website at www.abinfrabuild.com All the Board Members and Senior Management
Personnel have affirmed compliance with this code.
The
Board has also laid down a Code of Conduct for Independent Directors pursuant to Section
149(8) and Schedule IV to the Companies Act, 2013 via terms and conditions for appointment
of Independent Directors, which is a guide to professional conduct for Independent
Directors and has been uploaded on the website of the Company.
33.
CORPORATE GOVERNANCE:
Your
Company practices a culture that is built on core values and ethical governance practices
and is committed to transparency in all its dealings. However the Company is listed on
Emerge SME platform of National Stock Exchange, by virtue of Regulation 15 of SEBI
(Listing Obligation & Disclosure Requirements), Regulation, 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 para C, D and E of Schedule V are not
applicable to the Company. Hence Corporate Governance Report does not form part of this
Board Report.
34.
NON -DISQUALIFICATION OF DIRECTORS:
All
the directors of the Company are non - disqualified and certificate for the same from the
Practicing Company Secretary is annexed as Annexure-6.
35.
POLICY FOR PRESERVATION OF DOCUMENTS:
Pursuant
to the Regulation 9 of SEBI (LODR), 2015 the Company has maintained the policy of
preservation of documents to keep the documents preserve as per Regulation 9(a) & 9(b)
of SEBI (LODR), 2015 and the same has been uploaded on the website of the Company on
www.abinfrabuild.com
36.
PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNING AND OUTGO:
The
disclosures required to be made under the provisions of Section 134(3)(m) of the Companies
Act, 2013 read with Rule 8 of the Companies (Accou nts) Rules, 2014 in respect of
conservation of energy, technology absorption are not applicable to the Company as the
Company being engaged in the service sector of Entertainment Business neither involved in
any manufacturing processing and foreign exchange earnings of the Company are ? NIL/- and
Outgo are ? NIL/-.
37.
DIRECTOR'S RESPONSIBILITY STATEMENT
In
terms of Section 134(5) of the Companies Act, 2013, in relation to the audited financial
statements of the company for the year ended March 31, 2023, the Board of Directors hereby
confirms that:
-
In the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;
-
The Directors had selected such accounting policies have been selected and applied
consistently and the Directors 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 on
March 31, 2023 and of the profits of the company for the year ended on that date;
-
The Directors has 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;
-
The Directors has prepared annual accounts of the Company have been prepared on a going
concern basis;
-
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;
-
The Directors had devised proper systems have been devised to ensure compliance with the
provisions of all applicable laws and that such systems were adequate and operating
effectively.
38.
CORPORATE INSOLVENCY REOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANRUPTCY CODE,
2016 (IBC)
During
the year under review no Corporate Insolvency Resolution Process was initiated under the
Insolvency and Bankruptcy Code, 2016 (IBC)
39.
COST RECORDS
Cost
Record as required to be maintained by the Company pursuant to an order of the Central
Government has been duly maintained by the Company
40.
REGISTRAR AND SHARE TRANSFER AGENT INFORMATION:
Bigshare
Services Private Limited
E-3
Ansa Industrial Estate Saki Vihar Road Sakinaka Mumbai 400072.
TelephoneNo.:022-62638200,FaxNo.:+91-2262638299
EmailId:marketing@bigshareonline.com/investor@bigshareonline.com,
Website:
http://www.bigshareonline.com.
ACKNOWLEDGEMENTS
AND APPRECIATION
Your
Directors take this opportunity to express their deep and sincere gratitude to the
Clients, Customers and Shareholders of the Company for their trust and patronage, as well
as to the Bankers, Securities and Exchange Board of India, National Stock Exchange,
Government
of India and other Regulatory Authorities for their continued co-operation, support and
guidance.
By
Order of Board of Directors |
For
A B INFRABUILD LIMITED |
Amit
Mishra |
Chairman
& Managing Director |
DIN-03388129 |
Date:
August 01, 2023 |
Place:
Mumbai |
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