Hari Govind International Ltd
Directors Reports
The Members
HARI GOVIND INTERNATIONAL LIMITED,
Your Directors have pleasure in presenting the Annual Report together with the Audited
Accounts of the Company for the year ended 31st March, 2023.
Financial Results:
(Amount in Rs.)
| Particulars |
2022-23 |
2021-22 |
| Total Revenue (Including Other Income) |
Nil |
Nil |
| Total Expenses |
11,25,463 |
624,004 |
| Profit / (Loss) before Prior period, Exceptional and Extra-Ordinary items. |
(11,25,463) |
(624,004) |
| Prior Period items |
- |
- |
| Exceptional items |
- |
- |
| Tax Expenses |
- |
- |
| Profit / (Loss) for the Year |
(11,25,463) |
(624,004) |
Performance of the Company during the year under review:
During the year under review company did not carried on any business. The Directors of
the Company have been exploring various diversified areas and new business areas to take
up the company into new heights.
Future Outlook:
Overall performance of the industry is dull and the company is diversifying itself into
other business areas and to explore international markets.
Dividend:
The Board of Directors do not recommend any Dividend for the year 2022-23 considering
the financial situation of the company.
Fixed deposits:
During the year under review, the Company has not accepted any fixed deposits and there
are no fixed deposits, which are pending repayment.
Subsidiary Companies:
Your Company does not have any subsidiary company during the year under review. Company
is not a subsidiary company of any Company.
Directors:
In accordance with the provisions of the Companies Act, 2013 and the Company's Articles
of Association, Mrs. Sunita Jugalkishore Maniyar, Director of the company retires by
rotation at this AGM being eligible, offer herself for re-appointment.
The company had appointed Ms. Aruna Menkudale, as an Independent Director on the Board
of the Company for a period of five years with effect from 26th June, 2023 till
27th June, 2028.
Pursuant to the provisions of Section 149, and the Companies (Appointment and
Qualifications of Directors) Rules, 2014, (including any statutory modifications or
reenactments thereof for the time being in force) and Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing
Regulations), the company in general meeting has to confirm the appointment of the
Independent director within 3 months from the date of such appointment.
Board Meetings:
Five meetings of the Board of Directors were held during the year. For further details,
please refer report on Corporate Governance of this Annual Report.
Declaration by Independent Director:
The Company has received declarations from all the Independent Directors of the Company
confirming that they meet the criteria of independence as prescribed both under the Act
and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Company has devised a Policy for performance evaluation of Independent Directors,
Board, Committees and other individual Directors which includes criteria for performance
evaluation of the non-executive directors and executive directors and a process of
evaluation was followed by the Board for its own performance and that of its Committees
and individual Directors.
The details of programs for familiarization of Independent Directors with the Company,
their roles, rights, responsibilities in the Company, nature of the industry in which the
Company operates, business model of the Company and related matters are put up on the
website of the Company.
Directors' Responsibility statement:
The Directors' Responsibility Statement referred to in clause (c) of sub-section (3)
shall state that—
(a) In the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
(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 and loss of the company for
that period;
(c) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;
(d) The directors had prepared the annual accounts on a going concern basis;
(e) The directors had laid down internal financial controls to be followed by the
company and that such internal financial controls are adequate and were operating
effectively.
Audit Committees, Nomination & Remuneration, CSR and Stakeholders Relationship
Committee:
There are 4 committee formed by the Company namely,
(i) Audit Committee
(ii) Nomination & Remuneration Committee
(iii) Stakeholders Relationship Committee
(iv) Corporate Social Responsibility Committee
All the committees comprise of Mr. Jugalkishore Harikishan Maniyar, Mrs. Amridevi
Harikisan Maniyar & Mr. Mayur Bhailal Bhanushali as the committee members.
Corporate Governance:
Even though the Company is outside the purview of compulsory compliance requirements of
Clause 27 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
it has complied with the requirements of the Code of Corporate Governance as stipulated in
clause 27 of the SEBI (LODR) Regulations, 2015. A Report on Corporate Governance along
with Certification by the Managing Director is attached to this Directors' Report.
Auditors:
In the Annual General Meeting held for the financial year 2018-19 on 27th September,
2019, M/s. C V Paturkar & Co, Chartered Accountants have been appointed to act as the
Statutory Auditors of the Company for a term of 5 financial years, i.e. from Financial
Year 2019-20 to Financial Year 2023-24. The Auditor's Report for the financial year ended
March 31, 2023 is annexed herewith and is part of the Annual Report.
Secretarial Auditor:
Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies
(Appointment and Remuneration Personnel) Rules, 2014 the Board appointed Mr. Roy Jacob,
Practicing Company Secretary, to conduct Secretarial Audit for the financial year 2022-23.
The Secretarial Audit Report for the financial year ended March 31, 2023 is form part of
the Board Report and is annexed as Annexure-1.
Employee Relations:
The relations between the employees and management continued to be cordial during the
year.
Particulars of Employees and related disclosures:
No employee of the company is drawing remuneration in excess of the limits set out in
terms of the provisions of Section 197 (12) of the Act read with Rules 5(2) and 5(3) of
the Companies Appointment and Remuneration of Managerial Personnel) Rules, 2014.
Particulars as required under section 134(3) (m) of the Companies Act, 2013 read with
the companies (Accounts) Rules, 2014:
1. Conservation of Energy, Technology Absorption:
The particulars regarding the disclosure of the conservation of energy, technology
absorption, as required under Section 134(3) (m) of the Companies Act, 2013 read with the
companies (Accounts) Rules, 2014 are given below.
2. Energy Conservation Measures Taken:
The Company continues to accord high priority to conserve the energy. There is no
manufacturing activity is carrying on the company at present.
3. Foreign Exchange Inflow & Outgo:
a) Activities relating to Exports, Initiatives taken to increase Exports,
Developments of new Export Market for products and Services and Export Plans:
The Company has not undertaken any export activities. The company is looking out for
Export Opportunities.
b) Total Foreign Exchange used and earned:
Used : Nil
Earned : Nil
Risk Management:
Risk Management Committee has been entrusted with the responsibility to assist the
Board in (a) Overseeing and approving the Company's enterprise wide risk management
framework; and (b) Overseeing that all the risks that the organization faces such as
strategic, financial, credit, market, liquidity, security, property, IT, legal,
regulatory, reputational and other risks have been identified and assessed and there is an
adequate risk management infrastructure in place capable of addressing those risks. A
Group Risk Management Policy was reviewed and approved by the Committee.
The Company manages, monitors and reports on the principal risks and uncertainties that
can impact its ability to achieve its strategic objectives. The Company's management
systems, organizational structures, processes, standards, code of conduct
and behaviors together form the Reliance Management System (RMS) that governs how the
Group conducts the business of the Company and manages associated risks.
The Company has introduced several improvements to Integrated Enterprise Risk
Management, Internal Controls Management and Assurance Frameworks and processes to drive a
common integrated view of risks, optimal risk mitigation responses and efficient
management of internal control and assurance activities. This integration is enabled by
all three being fully aligned across Group wide Risk Management, Internal Control and
Internal Audit methodologies and processes.
Comments of the Board of Directors on Qualifications on Auditors Reports: Auditors
Qualifications if any are self explanatory and does not require any comments
Board Comments on Secretarial Audit Qualifications:
The Secretarial Audit Qualifications are replied as follows:
1. Company does not have proper board process and compliance mechanism.
2. There is no record available regarding dispatch of notice for the AGM held on 30th
September, 2021.
The Company had dispatched the notice of the AGM to all its Shareholders. Particulars
of loans, guarantees or investments under section 186:
Company has not provided loans, investments and guarantees during the year.
Related Party Transaction under sub-section (1) of section 188:
During the year, the Company has not entered into any contract / arrangement /
transaction with related parties which could be considered material in accordance with the
policy of the Company on materiality of related party transactions. The Policy on
materiality of related party transactions and dealing with related party transactions as
approved by the Board is provided in the company's web site.
Acknowledgments:
The Management is grateful to the Regulatory Authorities, Share holders, Company's
Bankers, Financial Institutions, Insurance Companies, Investors, Clients, Business
Associates for their continued support and co-operation.
The Directors also wish to place on record their appreciation for the co-operation,
active involvement and dedication of the employees.
REPORT ON MANAGEMENT DISCUSSION AND ANALYSIS
The Company is in the business of manufacturing and trading textile products. During
the year under consideration company did not carried on business and is in the process
of diversification and identification of new business vertical to venture. The key
issues of the Management Discussion and Analysis are given below.
The Indian Textile Industry is one of the Leading Textile Industries in the World. The
textiles and apparels sector is a major contributor to the Indian Economy in terms of
Gross Domestic Product (GDP), industrial production and the country's total export
earnings. India earns about 27 per cent of its total foreign exchange through textile
exports. Besides, the Indian Textile Industry contributes 16 per cent of the total
industrial production of the Country. This sector provides employment to over 37 million
people and it is expected that the textile industry will generate new jobs during the
ensuing years.
The industry is going through challenging business atmosphere since financial year
2013, in tandem with the global meltdown ravaging economies. The collapse in consumer
sentiments, weak exports, noteworthy drop in discretionary spending in textiles / apparels
and down trading by the consumers put immense pressure on both the top-line and the
bottom-line of textile companies.
Business Outlook
The operation of the company was stalled for last few years. Presently the management
of the Company is exploring and identifying new business verticals to start with.
a. Segment wise performance
The business of the Company falls under a single segment.
b. Internal control system
Internal audit and other controls have been found to be adequate. These are reviewed
periodically by the Audit Committee and found the performance satisfactory.
Risk Factors:
The Indian textile industry has inherent strengths in terms of rich legacy of textile
production, strong multi-fiber raw material base, large and expanding production
capacities, very low import intensity, vast pool of skilled workers and technical and
managerial personnel, flexible production systems, large and expanding domestic market,
dynamic and vibrant entrepreneurship, etc. However, these strengths have been diluted to a
great extent due to severe disadvantages suffered by the industry in certain other areas
affecting its productivity, quality and cost competitiveness. Such factors are
technological obsolescence, structural anomalies, poor productivity of labour and machine,
lopsided fiscal policies, multiplicity of taxes and levies, high cost of capital,
redundant and outdated controls/regulations, restrictive labour and industrial laws, lack
of aggressive marketing, poor perception of Indian products abroad, procedural problems in
exporting, poor infrastructure relating to transport, communication and banking, high
power tariff, etc.
Future Outlook:
Overall performance of the textile industry is dull and the company is diversifying
itself into other business areas and to explore international markets.
Internal control systems and their adequacy
The Managing Director / Whole Time Director certification provided in the report
discusses the adequacy of our internal control systems and procedures.
Human Resource Development
The most important asset of the company is its Human Resources.
Cautionary statements
Statements in the Management Discussion and Analysis describing the Company's
objectives, projections, estimates, expectation may be forward looking statements within
the meaning of applicable securities laws and regulations. Actual results could differ
materially from those expressed or implied.
CORPORATE GOVERNANCE REPORT
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 some of the best practices followed internationally on Corporate Governance, the
report containing the details of corporate governance systems and processes at HARI GOVIND
INTERNATIONAL LIMITED is as follows:
At HARI GOVIND INTERNATIONAL LIMITED, Corporate Governance is all about
maintaining a valuable relationship and trust with all stakeholders. At HARI GOVIND
INTERNATIONAL LIMITED, we consider stakeholders as partners in our success, and we
remain committed to maximizing stakeholder value, be it shareholders, employees,
suppliers, customers, investors, communities or policy makers. This approach to value
creation emanates from our belief that sound governance system, based on relationship and
trust, is integral to creating enduring value for all. We have a defined policy framework
for ethical conduct of businesses.
1. Company's Philosophy on Code of Corporate Governance:
The Company's philosophy on Corporate Governance is to achieve business excellence and
to meet the expectations of its customers, shareholders, employees, business associates,
and the society at large and in complying with the dictates of the regulatory frame work.
The Company is committed to transparency in all its dealings and places high emphasis on
business ethics. We believe that Corporate Governance is voluntary and self-discipline
code which means not only ensuring compliance with regulatory requirements but also by
being responsive to our stakeholders needs.
2. Ethics/Governance Policies:
At HGIL, we strive to conduct our business and strengthen our relationships in a manner
that is dignified, distinctive and responsible. We adhere to ethical standards to ensure
integrity, transparency, independence and accountability in dealing with all stakeholders.
Therefore, we have adopted various codes and policies to carry out our duties in an
ethical manner. Some of these codes and policies are:
• Code of Conduct
• Code of Conduct for Prohibition of Insider Trading
• Policy on Materiality of Related Party Transactions and on Dealing with Related
Party Transactions
• Policy for Selection of Directors and determining Directors Independence
• Remuneration Policy for Directors, Key Managerial
• Personnel and other Employees
• Policy for determining Material Subsidiaries
3. Code of Conduct:
The Company has in place a comprehensive Code of Conduct (the Code) applicable to all
the employees and Non-executive Directors including Independent Directors. The Code is
applicable to Non-executive Directors including Independent Directors to such extent as
may be applicable to them depending on their roles and responsibilities. The Code gives
guidance and support needed for ethical conduct of business and compliance of law. The
Code reflects the values of the Company viz. - Customer Value, Ownership Mind-set,
Respect, Integrity, One Team and Excellence.
4. Board of Directors:
The Board of Directors comprises of executive and non-executive directors with rich
professional experience in various fields. The present strength of the Board of Directors
is five in number. The Board consists of one independent Director.
5. Board Meetings & Procedures
During the year, the Board met 5 times on 27.05.2022, 28.06.2022, 02.09.2022,
11.11.2022 and 14.02.2023.
The composition of Board of Directors, attendance at the Board Meetings during the
financial year and attendance at the last Annual General Meeting, number of outside
Directorship, Chairman/Membership of Committees is as under:
| Name of Directors |
Category |
No. of Board meetings attended |
Last AGM attendance |
No of Directors
hips |
Membership/ Chairmanship of other Audit, Shareholders' Grievance,
Committees |
| Mrs. Amaridevi Maniyar |
Chairman |
5 |
Yes |
1 |
Nil |
| Mr. Jugal Kishore Maniyar |
Executive Director |
5 |
Yes |
3 |
Nil |
| Mrs. Sunita Maniyar |
Non Executive
Director |
5 |
Yes |
2 |
Nil |
| Mr. Mayur Bhanushali |
Independen t Director |
5 |
Yes |
1 |
Nil |
6. Appointment/Reappointment:
Pursuant to Section 156 (6) of the Companies Act, 2013 Mrs. Sunita Jugalkishore Maniyar
who retires by rotation and being eligible offers herself for re-appointment. The Board of
Directors of the Company in its meeting held on 16th August 2023 approved the
proposal for her re-appointment as a Director liable to retire by rotation.
| Name of the director |
Mrs. Sunita Jugalkishore Maniyar |
| Age |
56 Years |
| Date of appointment |
29/04/1999 |
| Expertise in specific functional areas |
Management and Administration |
| Qualifications |
Graduate |
| List of companies in which outside directorships as on 31st March 2023
(excluding private limited) |
Nil |
| Chairman/member of the committees of the boards of other companies in which she is a
director as on 31st March 2023 |
Nil |
7. Independent Directors:
Lead Independent Director
The Company's Board of Directors has designated no one as the Lead Independent
Director. The Lead Independent Director's role is as follows:
• To preside over all meetings of Independent Directors
• To ensure there is an adequate and timely flow of information to Independent
Directors
• To liaise between the Chairman and Managing Director, the Management and the
Independent Directors
• To preside over meetings of the Board and Shareholders when the Chairman and
Managing Director is not present, or where he is an interested party
• To perform such other duties as may be delegated to the Lead Independent
Director by the Board/ Independent Directors
Meetings of Independent Directors
The Company's Independent Directors meet at least once in every financial year without
the presence of Executive Directors or management personnel. Such meetings are
conducted informally to enable Independent Directors to discuss matters pertaining to
the Company's affairs and put forth their views to the Lead Independent Director.
The Lead Independent Director takes appropriate steps to present Independent Directors'
views to the Chairman and Managing Director.
One meeting of Independent Directors was held during the year.
8. Audit Committee:
Terms of reference:
The Audit Committee has been constituted pursuant to Section 177 of the Companies Act,
2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The
Primary object of Audit Committee of the company is to monitor and provide effective
supervision of the management's financial reporting process with a view to ensure
accurate, timely and proper disclosures and transparency, integrity and quality of
financial reporting.
Composition:
The Audit Committee comprises of 3 members. All the members of the Committee are
financially literate. During the year, the Committee has been re-constituted and there was
a change in the members of the committee. The Committee met 4 times during the year and
the gap between any 2 meetings was less than 4 months.
Attendance at the Audit Committee Meeting:
| Name |
Designation |
Category |
Attendance out of 4 meetings |
| Mr. Jugalkishore Harikishan Maniyar |
Member |
Non Independent |
4 |
| Mrs. Amridevi Harikisan Maniyar |
Member |
Non Independent |
4 |
| Mr. Mayur Bhailal Bhanushali |
Chairman |
Independent |
4 |
9. Stakeholders' Relationship Committee:
Constitution and attendance:
The committee comprises of Mrs. Amridevi Harikisan Maniyar, Mr. Mayur Bhailal
Bhanushali and Mr. Jugal Kishore Maniyar.
Attendance at the Shareholders' Relationship Committee Meeting:
| Name |
Designation |
Category |
Attendance out of 2 meetings held |
| Mrs. Amridevi Harikisan Maniyar |
Chairman |
Non-Independent |
2 |
| Mr. Mayur Bhailal |
Member |
Independent |
2 |
| Bhanushali |
|
|
|
| Mr. Jugal Kishore Maniyar |
Member |
Executive |
2 |
• During the year, the Company received No complaints on various matters. The
Company has attended the same and complaints pending unresolved at the end of the
financial year were NIL.
Terms of reference:
The Shareholders' Relationship Committee focuses on shareholders' grievances and
strengthening of investor relations, specifically looking into redressal of grievances
pertaining to Transfer and transmission of shares, Non-receipt of balance sheet,
Nonreceipt of declared dividend and other related issues
Prohibition of Insider Trading:
With a view to regulate trading in securities by the directors and designated
employees, the Company has adopted a Code of Conduct for Prohibition of Insider Trading.
10. Nomination and Remuneration Committee:
Constitution and attendance:
The Board constituted a Nomination and Remuneration Committee comprising of Mrs.
Amridevi Harikisan Maniyar, Mr. Mayur Bhailal Bhanushali and Mr. Jugal Kishore Maniyar.
Attendance at the Remuneration / Compensation Committee Meeting:
| Name |
Designation |
Category |
Attendance of meetings |
| Mrs. Amridevi Harikisan Maniyar |
Chairman |
Non Independent |
1 |
| Mr. Jugal Kishore Maniyar Sharma |
Member |
Non Independent |
1 |
| Mr. Mayur Bhailal Bhanushali |
Member |
Independent |
1 |
There was 1 meeting held during the year under consideration.
Terms of reference:
The terms of reference of the Remuneration Committee are as per the guidelines set out
in the Listing Agreement with the stock exchanges that include determination of the
Company's policy on specific remuneration packages for Directors.
Remuneration Policy:
The remuneration of the Executive Directors is recommended by the Remuneration
committee, based on criteria such as industry benchmarks, the Company's performance
vis-a-vis the industry and responsibilities shouldered. The Company pays remuneration by
way of salary and perquisites to its Executive Directors.
The Directors are not paid any remuneration except sitting fees. Further the company
has not entered into any pecuniary relationship or transactions with the Non-executive
directors.
11. General Body Meetings:
(i) Details of Annual General Meetings during the last three years
| Financial Year |
Day, Date & Time |
Venue |
| 2019-2020 |
Tuesday, 27th October, 2020 at 04:00 p.m. |
125, Wardhman Nagar Nr. Radha Krishna Mandir, Nagpur - 440008 |
| 2020-2021 |
Thursday, 30th September,2021 at 04:00 p.m. |
125, Wardhman Nagar Nr. Radha Krishna Mandir, Nagpur - 440008 |
| 2021-2022 |
Friday, 30th September, 2022 at 04:00 p.m. |
125, Wardhman Nagar Nr. Radha Krishna Mandir, Nagpur - 440008 |
(ii) Special Resolution Passed in the last three Annual General Meetings: Company has r
passed special Resolutions during the last Annual General Meetings.
(iii) Special Resolution passed through Postal ballot last year: NIL
12. Disclosures:
i. There were no transactions of material nature with its Promoters, Directors or the
Management, or their relatives during the period that may have potential conflict with the
interest of the company at large.
ii. There were no transactions with the related parties under AS-18 issued by the
Institute of Chartered Accountants of India.
iii. The Board has adopted a Code of Conduct including for its Directors and Senior
Management. This is available on the Company's web-site.
iv. The Directors of the Company have submitted before the Board a declaration of
compliance with the Code of Conduct by the Directors during the financial year ended March
31, 2023.
v. The Company follows the Accounting Standards issued by the Institute of Chartered
Accountants of India and in the preparation of the financial statement; the Company has
not adopted a treatment different from that prescribed by any Accounting Standard.
vi. Risk assessment and minimization procedures are periodically reviewed by the Risk
Management Committee, Audit Committee and the Board of Directors of the Company.
vii. The Whole Time Director has submitted a certificate to the Board of Directors in
Compliance of Clause 49 (V) of the Listing Agreement with the Stock Exchanges.
viii. The Company has complied with all mandatory requirements SEBI (Listing
Obligations and Disclosure Requirement) Regulations, 2015. The adoption of nonmandatory
requirements has been dealt with in this Report.
ix. The Company has adopted the Risk Management Policy of the Company and the same is
available on the Company's website.
x. The Company has adopted the Whistle Blower Policy and the same is available in the
company's website.
xi. The Company has adopted policy in handling Unpublished Price Sensitive Information
and the same is available in the company's website.
13. Certificate from Practicing Company Secretary pertaining to non-disqualification
status of directors on the Board.
A certificate from Roy Jacob & Co, Practicing Company Secretary, confirming that
none of the directors on the Board of the company has been debarred or disqualified from
being appointed or continuing as director of companies by the Securities and Exchange
Board of India / Ministry of Corporate Affairs or any such statutory authority has been
obtained and is annexed hereto.
14. Means of Communication:
Quarterly un-audited financial results are published in the website of Stock Exchange,.
The half yearly report is not sent separately to the Shareholders. Annual Reports sent to
the shareholders at their registered address with the company and also put up on Company's
web site.
The quarterly results, shareholding pattern and other mandatory information are
available at the website of Bombay Stock Exchange (www.bseindia.com).
15. General Shareholders' Information:
Annual General Meeting
| Date |
: 21st September, 2023 |
| Time |
: 4:00 P.M |
| Venue |
: 125, Wardhman Nagar Nr. Radha Krishna Mandir, Nagpur 440008 India |
| Listing on Stock Exchanges : |
Bombay Stock Exchange Ltd (BSE) |
| Payment of Annual Listing fees : |
Listing fees for the financial year 2021-22 has been paid
to the Stock Exchanges BSE |
| Demat ISIN for NSDL & CDSL : |
INE167F01018 |
Stock performance vs. BSE:
Market Price Data during the year ended 31.03.2023: There were no trading taken place
in the Company's Scrip during the year.
| Registrars & Transfer Agents: |
Satellite Corporate Services Pvt. Ltd. A/106-107,
Dattani Plaza, East West Indl.Compound, Andheri Kurla Road, Safed Pool,
Sakinaka, Mumbai-400072 |
Share Transfer System
• Securities lodged for transfer at the Registrar's Office are normally processed
within 15 days from the date of lodgment, if the documents are clear in all respects. All
requests for dematerialization of securities are processed and the confirmation is given
to the depositories within 15 days. The Compliance Officer is empowered to approve
transfer of shares and other investor related matters. Grievances received from investors
and other miscellaneous correspondence on change of address, mandates, etc are processed
by the Registrars within 30 days
• Pursuant to Clause 55A of the SEBI (LODR) Regulations, 2015 with the Stock
Exchanges, certificates, on half-yearly basis, have been issued by a Company
Secretary-in-Practice for due compliance of share transfer formalities by the Company.
Pursuant to Securities and Exchange Board of India (Depositories and Participants)
Regulations, 1996, certificates have also been received from a Company
Secretary-in-Practice for timely dematerialization of the shares of the Company and for
conducting a Secretarial Audit on a quarterly basis for reconciliation of the Share
Capital of the Company.
DECLARATION
In accordance with Clauses of the SEBI (Listing and Disclosure Requirements)
Regulations, 2015 with the Stock exchanges, I hereby confirm that, all the Board Members
and Senior Management personnel of the Company have affirmed compliance with the Code of
Conduct and Ethics during the financial year ended March 31.03.2023.
By order of the Board of Directors For Hari Govind International Ltd,
| Place: Nagpur Date: 16/08/2023 |
Jugal Kishore Maniyar |
|
Wholetime Director |
|
DIN:00094237 |
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