Quality RO Industries Ltd
Directors Reports
To,
The Members,
QUALITY RO INDUSTRIES LIMITED
Your directors have pleasure in submitting their 2nd Annual Report of the
Company together with the Audited Statements of Accounts for the year ended 31st
March, 2023.
1. FINANCIAL PERFORMANCE:
The Financial performance of the Company during the year was as under: Consolidated
& Standalone Financials:
| PARTICULARS |
Standalone Financials |
Consolidated Financials |
|
2022-23 |
2021-22 |
2022-23 |
2021-22 |
| Income from operations |
552.05 |
97.35 |
552.05 |
NA |
| Other Income |
7.69 |
3.97 |
7.69 |
NA |
| Total revenue |
559.73 |
101.31 |
559.73 |
NA |
| Total Expenses |
564.31 |
90.91 |
564.31 |
NA |
| Profit before tax |
-4.58 |
10.40 |
-4.58 |
NA |
| Current Tax |
- |
1.62 |
- |
NA |
| Deferred Tax Charge |
-1.11 |
-6.12 |
-1.11 |
NA |
| MAT Credit |
-1.62 |
0 |
-1.62 |
NA |
| Profit from Continuing Operations after Tax (PAT) |
-1.85 |
14.90 |
-1.85 |
NA |
2. BUSINESS OPERATION:
During the year under the review, the Company has informed net loss Rs. 1.85 lakhs.
Your directors are expecting robust growth in near future.
The Gross income from operations of your Company is Rs. 552.05 Lakhs, The net loss
after tax for the year under review is Rs. 1.85 Lakhs.
3. DIVIDEND
The Board of Directors' do not recommend any dividend for the year under review due to
retain the profit for business Growth. Further Board of Directors will also ensure you for
more better performance and good result in the near future of the Company.
4. CHANGE IN THE NATURE OF BUSINESS, IF ANY:
The Company has inserted new object clauses in the Memorandum of Associations of
Company through approval of Shareholders by Postal Ballot on 12th February,
2023. Except that there is no other change in its nature of business of Company during the
year under review.
5. AMOUNT TRANSFERRED TO RESERVES
The Company has not transferred its profits into Reserves & Surplus Account during
the year under review.
6. ANNUAL RETURN:
As per Section 92(3) of Companies Act, 2013, the draft copy of Annual Return of company
in form MGT - 7 has been uploaded on the website of Company and web link of the same
https://www.qualityro.in/
7. NUMBER OF BOARD MEETINGS/COMMITTEE/SHAREHOLDERS MEETINGS CONDUCTED DURING THE YEAR:
During the year ended March 31, 2023, the Board met 7 times. The intervening gap
between the Meetings was within the period prescribed under the Companies Act, 2013 (the
"Act"). Required quorum was present throughout each meeting as per the
requirement of the said Act, the details of Board meetings are given below;
I. AUDIT COMMITTEE
The audit committee of the Company is constituted under the provisions of section 177
of the Companies Act,2013.
Composition of the Committee:
1. Mr. Pankil Anilbhai Gandhi, Non-Executive, Independent Director (Chairman);
2. Mr. Shirish Amrutlal Kotadia, Non-Executive, Independent Director (Member);
3. Mr. Vivek Dholiya, Managing Director (Member)
4. Ms. Priyanka Patni (Secretary of the Committee)
Meeting of Audit Committee and Relevant Quorum:
The audit committee shall meet at least four times in a year and not more than one
hundred and twenty days shall elapse between two meetings. The quorum for audit committee
meeting shall either be two members or one third of the members of the audit committee,
whichever is greater, with at least two independent directors.
The Chairman of the committee has to attend the Annual General Meetings of the Company
to provide clarifications on matters relating to the audit.
During the year under review, the Company held five Audit Committee meetings.
II. NOMINATION AND REMUNERATION COMMITTEE:
The Nomination and Remuneration Committee of the Company is constituted underthe
provisions of section178 of the Companies Act, 2013.
Composition of the Committee:
1. Mr. Shirish Amrutlal Kotadia, Non-Executive, Independent Director (Chairman);
2. Mr. Ankit Jagdishbhai Kansara, Non-Executive, Independent Director (Member);
3. Mr. Pankil Anilbhai Gandhi, Non-Executive Director (Member)
4. Ms. Priyanka Patni (Secretary of the Committee)
Meeting of Nomination and Remuneration Committee and Relevant Quorum:
The quorum necessary for a meeting of the Nomination and Remuneration Committee shall
be two members or one third of the members, whichever is greater. The Committee is
required to meet at least once a year.
During the year under review, the Company held two Nomination and Remuneration
Committee meeting.
III. STAKEHOLDERS RELATIONSHIP COMMITTEE:
The Stakeholders Relationship Committee of the Company is constituted under the
provisions of section 178 of the Companies Act, 2013.
Composition of the Committee:
1. Mr. Ankit Jagdishbhai Kansara, Non-Executive Director (Chairman)
2. Mr. Pankil Anilbhai Gandhi, Non-Executive, Independent Director (Member)
3. Mrs. Damini Dholiya, Whole-Time Director (Member)
4. Ms. Priyanka Patni (Secretary of the Committee)
Meeting of Stakeholder's Relationship Committee and Relevant Quorum:
The stakeholder's Relationship committee shall meet once in a year. The quorum for a
meeting of the Stakeholder's Relationship Committee shall be two members present.
During the year under review, the Company held one Stakeholder's Relationship Committee
meeting.
IV. SHAREHOLDER'S MEETING:
| Sr. No. General Meeting Date |
Business Transacted in the Meeting |
Type of Meeting |
| 1. 10/09/2022 |
1. Audited Standalone Financial Statements of the Company for the Financial Year ended
31st March, 2022 together with the Reports of the Board of Directors and
Auditors thereon. |
|
|
2. Re-appointment of Mrs. Damini Dholiya (DIN: 09340903), who retiring director by
rotation. |
AGM |
|
3. Appointment of M/s. A.Y. & Company, Chartered Accountants, Mumbai (FRN
-020829C) as the Statutory Auditors of the company to hold office for the period of
financial Year 2022-23 viz. from the conclusion of this 1st AGM of Company till the
conclusion of its 2nd AGM. |
|
|
4. Approval for Related Party Transactions with Jay Ambe Trading (Proprietorship Firm) |
|
|
5. Approval for Related Party Transactions with Jay Ambe Trading (Proprietorship Firm) |
|
|
1. Increase in the Authorised Capital of the Company |
Postal |
|
2. Alteration in Capital Clause of the Memorandum of Association of the Company; |
Ballot |
| 2. 12-02-2023 |
3. Alternation of object clause in the Memorandum of Associations of Company; |
|
|
4. Consider and approve further issue of equity shares on Preferential Basis: |
|
V. INTERNAL COMPLAINT COMMITTEE:
Pursuant to the provision Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) Act, 2013 ("Act"), the Company has constituted
Internal Complaint Committee. Further Company has zero tolerance for sexual harassment for
women at workplace.
During the financial year 2022-23, the Company has not received any complaints on
sexual harassment and hence no compliant remains pending as on 31st March,
2023.
VI. MEETING OF INDEPENDENT DIRECTOR:
The Meeting of the Independent Director held on 11th November, 2022.
8. DECLARATION OF THE INDEPENDENT DIRECTORS:
All Independent Directors have also given declarations that they meet the criteria of
independence as laid down under Section 149(6) of the Companies Act, 2013.
9. DETAILS OF SUBSIDIARY/JOINT VENTURE/HOLDING COMPANY:
The Company has No Subsidiary and, there is no any Joint Venture or Holding Company of
our Company.
10. CHANGES IN SHARE CAPITAL:
During the year under review, the authorized share capital of Company has been
increased from Rs. 2,00,00,000 (Rupees Two Crore) divided into 20,00,000 (Twenty Lakh
Only) equity shares of the face value of Rs. 10 (Rupees Ten) each to Rs. 3,50,00,000
(Rupees Three Crore Fifty Lakh Only) divided into 35,00,000 (Thirty-Five Lakhs Only)
equity shares of the face value of Rs. 10 (Rupees Ten) each pursuant to resolution of
shareholders passed on 12th February, 2023 by Postal Ballot.
Further during the year under review, the Company has increased Paid-up Share capital
of Company as per details mentioned below:
| Sr. No. Date of Allotment |
Nature of allotment |
No. of Equity Shares allotted |
Cumulative No. of Equity Shares |
| 1 23-02-2023 |
Preferential Basis |
6,20,000 |
25,50,000 |
The Company has, during the year under review, neither issued any Equity shares with
differential voting rights nor any shares (including sweat equity shares) to its employees
under any scheme.
11. DIRECTORS'S RESPONSIBILITY STATEMENT:
In accordance with the provisions of Section 134(5) of the Companies Act, 2013 the
Board of Directors of the Company confirms that-
(i) In the preparation of the annual accounts for the year ended 31st March,
2023, the Company has followed the applicable accounting standards and there are no
material departures from the same.
(ii) Accounting policies were adopted and applied consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the
affairs of the Company as at 31st March 2023 and of the Profit of the Company
for year ended on that date.
(iii) The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the Act of safeguarding
the assets of the Company and for preventing/ detecting fraud and irregularities have been
taken.
(iv) The Directors have prepared Annual Accounts on a "Going Concern"
basis.
(v) They have laid down internal financial controls to be followed by the Company and
such internal financial controls are adequate and operating effectively;
(vi) 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.
12. PERFORMANCE EVALUATION:
The Board of Directors carried out an annual evaluation of the Board itself, its
committees and individual Directors. The entire Board carried out performance evaluation
of each Independent Director excluding the Independent Director being evaluated. The
Nomination Remuneration Committee also carried out evaluation of every director's
performance.
The evaluation was done after taking into consideration inputs received from the
Directors, setting out parameters of evaluation. Evaluation parameters of the Board and
Committees were mainly based on Disclosure of Information, Key functions of the Board and
Committees, Responsibilities of the Board and Committees, etc. Evaluation parameters of
Individual Directors including the Chairman of the Board and Independent Directors were
based on Knowledge to Perform the Role, Time and Level of Participation, Performance of
Duties and Level of Oversight and Professional Conduct etc.
Independent Directors in their separate meeting evaluated the performance of
NonIndependent Directors, Chairman of the Board and the Board as a whole.
13. CORPORATE GOVERNANCE:
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
exempts companies which have listed their specified securities on SME Exchange from
compliance with corporate governance provisions.
Since the equity share capital of your Company is listed exclusively on the SME
Platform of BSE, the Company is exempted from compliance with Corporate Governance
requirements, and accordingly the reporting requirements like Corporate Governance Report,
Business Responsibility Report etc. are not applicable to the Company. However, the
Company is in compliance to the extent of applicable sections of Companies Act, 2013 with
regard to Corporate Governance.
14. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
The Management Discussion and Analysis report has been separately furnished as Annexure
- I in the Annual Report and forms a part of the Annual Report.
15. POLICIES AND DISCLOSURE REQUIREMENTS:
In terms of provisions of the Companies Act, 2013 the Company has adopted following
policies which are available on its website https://quality.in
• Whistle Blower Policy
• Archival & Preservation Policy
• Code Of Business Conduct & Ethics for Directors & Senior Management
• Policy for determination of Materiality & disclosure of Material Events
• Policy for making payment to non-Executive director
• Policy on determination of Material Related Party Transactions
• Risk Management Policy
• Code of Conduct for prevention of Insider Trading
• Terms & Conditions for Appointment of Independent Directors
• Nomination and Remuneration Policy
16. COMPANY'S POLICY RELATING TO APPOINTMENT, PAYMENT OF REMUNERATION TODIRECTORS AND
DISCHARGE OF THEIR DUTIES:
Pursuant to the provision of Section 178 of the Companies Act, 2013 and at the
recommendation of Nomination and Remuneration Committee has devised Nomination and
Remuneration Policy relating to appointment of Key Managerial
Personnel and Directors, Director's qualifications, positive attributes, independence
of Directors and their remuneration and other related matters as provided under Section
178(3) of the Companies Act, 2013.
17. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE UNDER SECTION 186 OF THE
COMPANIES ACT, 2013:
The Company did not give Loans, provided Guarantees, and made Investments pertaining to
section 186 of Companies Act, 2013 during the financial year under review.
18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES:
All related party transactions that were entered during the financial year were arm's
length basis and were in the ordinary course of business. No materially significant
related party transactions which required the approval of members, were entered into by
the Company during the Period under review. Further, all related party transactions
entered into by the Company are placed before the Audit Committee for its approval.
The particulars of the contracts or arrangements entered into by the Company with
related parties as referred to in Section 134(3)(h) read with section 188(1) of the Act
and rules framed thereunder, in the Form No. AOC-2 are annexed and marked as Annexure-II.
19. COMPLIANCE WITH SECRETARIAL STANDARDS:
The Company has complied with Secretarial Standards issued by the Institute of Company
Secretaries of India while organizing the Board and Annual General Meetings.
20. MATERIAL CHANGES AND COMMITMENT:
During the year under review, no material changes and commitments affecting the
financial position of the Company occurred during the year and between the end of the
financial year to which these financial statements relate and on the date of this report.
21. DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND
BANKRUPTCY CODE, 2016 (31 OF 2016) DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF
THE FINANCIAL YEAR:
There was no any application filed or any proceeding pending under Insolvency and
Bankruptcy Code, 2016 (31 Of 2016) during the year under review. Hence the same is not
applicable to Company.
22. 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.
The Company did not settle any loan amount with Bank or Financial Institution during
the period under review. Hence the same is not applicable to Company.
23. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGEEARNINGS AND
OUTGO:
(A) CONSERVATION OF ENERGY:
The Company has been continuously making efforts to reduce energy consumption. The
management is striving to achieve cost reduction by economical usage of energy.
(i) The steps taken or impact on conservation of energy:
The Company has been continuously making efforts to reduce energy consumption and the
management is striving to achieve cost reduction by economical usage of energy.
(ii) The steps taken by the company for utilising alternate source of energy:
As the Company needs only minimum level of energy, it has not looked in to an
alternative source of energy.
(iii) The capital investment on energy conservation equipment:
The Company has not made any capital investment as it is not required at this stage.
(B) TECHNOLOGY ABSORPTION:
The Company is not utilizing any alternate source of energy.
(C) FOREIGN EXCHANGE EARNINGS AND OUT GO:
During the period under review, the company have the foreign exchange earnings and out
go is NIL.
24. STATEMENT CONCERNING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF
THE COMPANY:
Risk Management is the process of identification, assessment and prioritization of
risks followed by coordinated efforts to minimize, monitor and mitigate/control the
probability and/or impact of unfortunate events or to maximize the realization of
opportunities. The Company has laid down a comprehensive Risk Assessment and Minimization
Procedure which is reviewed by the Board from time to time. These procedures are reviewed
to ensure that executive management controls risk through means of a properly defined
framework. The major risks have been identified by the Company and its mitigation
process/measures have been formulated in the areas such as business, project execution,
event, financial, human, environment and statutory compliance.
25. DETAILS OF POLICY DEVELOPED AND IMPLEMENTED BY THE COMPANY ON ITS CORPORATE SOCIAL
RESPONSIBILITY INITIATIVES:
The provisions of Section 135 of the Companies Act, 2013 read with Companies (Corporate
Social Responsibility Policy) Rules, 2014 are not applicable to the Company as on March
31, 2023. Hence, your Company is not required to adopt the CSR Policy or constitute CSR
Committee during the year under review.
26. DEPOSITS:
The company has not accepted/renewed any deposits during the year under review.
27. DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL:
The Board is duly constituted according to the provisions of the Company Act.
The Directors on the Board have submitted notice of interest under Section 184(1),
intimation under Section 164(2) of the Companies Act, 2013 and declaration as to
compliance with the Code of Conduct of the Company.
The present Directors of the Company are Mr. Vivek Dholiya, Mrs. Damani Dholiya, Mr.
Shirish Amrutlal Kotadia, Mr. Ankit Jagdish bhai Kansara, Mr. Pankil Anilbhai Gandhi.
Mr. Narendra Gupta Resigned and Ms. Priyanka Patni (KMP) has been appointed by the
Company during the year under review on the respective date and designations as per
details as mentioned below:
| Sr. No. Name of Director/ KMP |
Designation |
Promoter/ Independent/KM P/Professional |
Executive/ Non Executive |
Date of Appointment/ Resignation |
| 1 Narendra Gupta |
Company Secretary |
KMP |
NA |
Resigned w.e.f. 06-01-2023 |
| 2 Priyanka Patni |
Company Secretary |
KMP |
NA |
Appointed w.e.f. 16-022023 |
In accordance with the provisions of the Companies Act, 2013, and the Articles of
Association of the Company, Mrs. Damani Dholiya retires by rotation at the forthcoming
Annual General Meeting and being eligible, offers herself for re- appointment.
28. AUDITORS:
A. STATUTORY AUDITORS AND THEIR REPORT:
Pursuant to provisions of Section 139 of the Act read with the Companies (Audit and
Auditors) Rules, 2014 and as per recommendation of Audit Committee and approval of the
Board of Director in their meetings held on 06th September, 2023 M/s Doshi
Doshi & Co, Chartered Accountants (Firm Registration No. 153683W) has been appointed
as Stautory Auditor of Company for the period of 5 years i.e. from F.Y. 2023-24 to 2027-28
viz. from the conclusion of this 2nd AGM of Company till the conclusion of
its 7th AGM, to be held in the year 2028 subject to approval os shareholders in
the ensuing General Meeting of Company.
The Company has received written confirmation to the effect that they are not
disqualified from acting as the Statutory Auditors of the Company in the terms of
provisions of Section 139 and 141of the Act and rules framed there under.
Further there is no qualifications, reservations or adverse remarks made by the
Statutory Auditor of Company in their Audit Report for the year under review.
B. INTERNAL AUDITOR:
The Company has appointed M/s. Nirbhik Gandhi & Associates, Chartered Accountants
(Firm Reg. No. 018723C) as an Internal Auditor for conducting the Internal Audit of the
Company for the Financial year 2022-23. For F.Y. 2023-24, Ms. Priyanka Patni has been
appointed as Internal Auditor of Company.
C. SECRETARIAL AUDITOR AND THEIR REPORT:
In accordance with the provisions of Section 204 of the Companies Act, 2013 read with
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the
Board has appointed M/s. Dilip Swarnkar & Associates, Company Secretaries, as
Secretarial Auditors for the financial year 2022-23. The Secretarial Audit Report for the
financial year ended March 31, 2023 is set out in Annexure - III to this Report.
There is no qualifications, reservations or adverse remarks made by the Secretarial
Auditor of Company in their Audit Report for the year under review.
29. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Board has laid down standards, processes and procedures for implementing the
internal financial controls across the organization. After considering the framework of
existing internal financial controls and compliance systems; work performed by the
Statutory Auditors, Secretarial Auditors and External Consultants; reviews performed by
the Management and relevant Board Committees including the Audit Committee, the Board is
of the opinion that the Company's internal financial controls with reference to the
financial statements were adequate and effective during the financial year 2022-23.
30. 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.
31. COST AUDITOR:
As per provision of section 148(3) of Companies Act, 2013 and rule 6(2) of
Companies (Cost records and audit) Rules, 2014, the Company is not required to appoint
a cost auditor to audit the cost records of the Company.
32. PARTICULARS OF EMPLOYEES AND REMUNERATION
The information required under Section 197 & Rule 5 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 is given below.
a) Ratio of remuneration of each Director to the employees' median remuneration:
| Name of Director/KMP |
Designation |
Remuneration p.a. (Rs.) |
Ratio |
| Viv ek Dholiya |
Managing Director |
12,00,000 |
8.00 |
| Damani Dholiya |
Whole Time Director |
1,20,000 |
0.8 |
| Beena Varun Koshiya |
CFO |
NIL |
NA |
| Shirish Amrutlal Kotadia |
Director |
NIL |
NA |
| Ankit Jagdishbhai Kansara |
Director |
NIL |
NA |
| Pankil Anilbhai Gandhi |
Director |
NIL |
NA |
| Narendra Gupta (Resigned w.e.f. 06-012023) |
Company Secretary |
1,50,000 |
1.00 |
| Ms. Priyanka Patni (Appointed w.e.f. 16-022023) |
Company Secretary |
7,500 |
0.05 |
b) Percentage Increase in the median remuneration of employees in the financial
year2021- 22: 27 5%
c) Number of permanent employees on the rolls of the Company as on March 31, 2023: 3
(Three)
d) Average percentile increase made in the salaries of employees other than key
managerial personnel in the last financial year and its comparison with the percentile
increase in the managerial remuneration and justification thereof and point out if there
are any exceptional circumstances for increase in the managerial remuneration: Not
Applicable
e) It is hereby affirmed that the remuneration paid during the year is as per the
Remuneration policy of the Company.
f) There is no employee covered under the provisions of section 197(14) of the
Companies Act, 2013.
g) There was no employee in the Company who drew remuneration of Rs. 1,02,00,000/ - per
annum during the period under review. Hence, the Company is not required to disclose any
information as per Rule 5(2) of the Companies (Appointment and Remuneration)
Rules, 2014.
33. EXPLANATION OF BOARD OF DIRECTOR'S ON AUDITOR'S REPORTS:
A. Auditors Report
There are no qualifications or reservation or adverse remarks made by the Auditors in
their report for the year under review.
Hence there is no Explanation required for the same.
B. Secretarial Audit Report
There are no qualifications or reservation or adverse remarks made by the Secretarial
Auditors in their report for the year under review.
Hence there is no Explanation required for the same.
34. REPORTING OF FRAUDS BY AUDITORS
During the year under review, the Statutory Auditors have not reported any instances of
frauds committed in the Company by its Officers or Employees under Section 143(12) of the
Companies Act, 2013
35. GENERAL:
Your directors state that no disclosure or reporting is required in respect of the
following items as there were no transaction on these items during the year under review.
1. Details relating to Deposits covered under Chapter V of the Act.
2. Issue of equity shares with differential rights as to dividend, voting or otherwise.
3. Issue of equity shares (including sweat equity shares) and ESOS to employees of the
Company under any scheme.
4. 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.
5. There were no instance of non-exercising of voting rights in respect of shares
purchased directly by the employees under a scheme pursuant to section 67(3) of the Act
read with Rule 16(4) of Companies (Share Capital and Debenture) Rules,
2014 and hence no information has been furnished.
36. ACKNOWLEDGEMENTS:
Your Directors would like to express their sincere appreciation of the co-operation and
assistance received from Shareholders, Bankers, regulatory bodies and other business
constituents during the year under review.
Your Directors also wish to place on record their deep sense of appreciation for the
commitment displayed by all executives, officers and staff, resulting in successful
performance of the Company during the year. Your Directors look forward to the
continued support of all stakeholders in the future.
| For and on behalf of the Board of |
|
|
| Quality RO Industries Limited |
|
|
| PLACE: Vadodara |
|
|
| DATE: 06th September, |
VIVEK DHOLIYA |
DAMINI DHOLIYA |
| 2023 |
MANAGING DIRECTOR |
(DIRECTOR) |
|
(DIN: 09340902) |
(DIN: 09340903) |
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