Shreeshay Engineers Ltd.-இன் இயக்குநர் அறிக்கை

Mar 31, 2025

The Directors are pleased to present herewith the 30^th ANNUAL REPORT together with the Audited
Financial Statements and Auditors’ report thereon for the year ended on 31^st March, 2025.

1. FINANCIAL PERFORMANCE OF THE COMPANY:

The Financial Results of the Company for the year ended on 31^st March, 2025 are as follows:

Particulars	Year ended March 31, 2025	Year ended March 31, 2024
Revenue from Operations	128.68	1812.94
Other Income	21.44	16.76
Total Revenue	150.13	1829.70
Total Expenditure	130.09	1683.71
Profit/(Loss) before Prior Period Items & tax	20.04	145.99
Less: Prior period Items	-	-
Profit/(Loss) Before Tax	20.04	145.99
Less: Taxes	5.04	36.74
Deferred tax charge (credit)	1.45	-
Profit /(Loss) After Tax	13.54	109.25
Earnings Per Share (Face Value of ?10)
(1) Basic	0.10	0.48
(2) Diluted	0.10	0.48

2. REVIEW OF OPERATIONS:

The Company is engaged in the business of providing real estate construction and engineering
focused solutions. The total income of the Company during the year under review was Rs. 150.13
(Amount in Lakhs) as compared to Rs. 1829.70 (Amount in Lakhs) during the previous year.
During the year under review the Company has earned net profit of Rs 13.54 (Amount in Lakhs)
compared to profit of Rs. 109.25 (Amount in Lakhs) during previous year.

3. CASH FLOW STATEMENTS

As required under regulation 34 of the SEBI (LODR) Regulations, 2015, a Cash Flow Statement
forms part of Annual Report.

4. DIVIDEND

With a view to conserve resources, the Company has not declared any dividend for the financial year
ended on 31^st March, 2025.

5. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES
ACT, 2013

The Board has decided not to transfer any amount to the Reserves for the year under review.

6. TRANSFER OF UNCLAIMED / UNPAID AMOUNTS TO THE INVESTOR EDUCATION
AND PROTECTION FUND:

The Ministry of Corporate Affairs under Sections 124 and 125 of the Companies Act, 2013 requires
dividends that are not encashed/ claimed by the shareholders for a period of seven consecutive years,
to be transferred to the Investor Education and Protection Fund (IEPF). In FY 2024-25, there was no
amount due for transfer to IEPF.

There were no amounts which were required to be transferred by the Company to the Investor
Education and Protection Fund.

7. SHARE CAPITAL:

The authorized share capital of the company is Rs. 14,00,00,000/- divided into 1,40,00,000 equity
shares of Rs. 10/-

The paid-up Equity Share Capital as on 31^st March, 2025 was Rs. 13,20,33,960/-. The Company has
not issued shares with differential voting rights nor granted stock options nor sweat equity.

Company has appointed M/s Bigshare Services Private Limited as the Registrar and Transfer Agent of
the Company.

8. CHANGE IN NATURE OF BUSINESS, IF ANY

There has been no change in nature of business of the Company during the FY under review.

9. DISCLOSURES BY DIRECTORS

The Board of Directors has submitted notice of interest in Form MBP 1 under Section 184(1) as well
as intimation by directors in Form DIR 8 under Section 164(2) and declarations as to compliance with
the Code of Conduct of the Company.

10. JOINT VENTURES, SUBSIDIARIES AND ASSOCIATE COMPANIES:

The Company does not have any joint ventures, subsidiaries and associates as on the financial year
ended 31^st March, 2025.

11. MATERIAL CHANGES AND COMMITMENTS. IF ANY, AFFECTING THE
FINANCIAL POSITION OF THE COMPANY FROM THE CONCLUSION OF THE
FINANCIAL YEAR TILL THE DATE OF THIS REPORT:

There have been no material changes or commitments, affecting the financial position of the
Company have occurred between the end of the financial year of the Company, to which the financial
statements relate, i.e. 31^st March, 2025 and the date of the Board’s Report.

12. CHANGE IN SHARE CAPITAL:

There was no change in Share Capital for the period under review.

13. CHANGE IN REGISTERED OFFICE

During the under review, there were no changes in the Registered Office of the Company.

14. FAMILIARISATION PROGRAMME FOR DIRECTORS

As a practice, all Directors (including Independent Directors) inducted to the Board go through a
structured orientation programme. Presentations are made by Senior Management giving an overview
of the operations, to familiarise the new Directors with the Company''s business operations. The
Directors are given an orientation on the products of the business, group structure and subsidiaries,
Board constitution and procedures, matters reserved for the Board, and the major risks and risk
management strategy of the Company.

15. DEPOSITS:

The Company has not accepted any deposit within the meaning of Section 73 of the Companies Act,
2013 during the period under review.

16. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER
SECTION 186 OF THE COMPANIES ACT, 2013:

Particulars of loans given, investments made, guarantees given and securities provided are provided in
the financial statements.

17. EXTRACT OF ANNUAL RETURN:

The Annual Return of the Company as on 31^st March, 2025 is available on the website of the
Company at www.shreeshay.com

18. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report as required under Regulation 34 and Schedule V of the
SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 forms an integral part of
this Report, and provides adequately with the Company’s current working and future outlook of the
Company as per Annexure - 1 to this report.

19. CONTRACTS OR AGREEMENTS WITH RELATED PARTIES:

All transactions entered into with related parties as defined under the Act during the FY were in the
ordinary course of business and on an arm’s length pricing basis and do not attract the provisions of
Section 188 of the Act. There were no materially significant transactions with the related parties
during the FY which were in conflict with the interest of the Company.

20. PARTICULARS OF EMPLOYEES, MANAGEMENT REMUNERATION:

The information required under Section 197 & Rule 5 of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014 is given below.

a) The median remuneration of employees of the Company during the financial year is Rs.
2,40,000

b) Percentage increase/decrease in the median remuneration of employees in the financial year
2024-25: NA

c) Number of permanent employees on the rolls of the Company as on March 31, 2025: 4

d) It is hereby affirmed that the remuneration paid during the year is as per the Remuneration
policy of the Company.

e) There is no employee covered under the provisions of section 197(14) of the Companies
Act, 2013.

There was no employee in the Company who drew remuneration of Rs. 1,00,00,000/ - 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.

21. POLICIES UNDER SECTION 178:

Policy on directors’ 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 made available on the Company’s website i.e. www.shreeshay.com for the ready
reference of the stakeholders of the Company. The following policies of the company are attached
herewith:

Annexure - 3 Policy on appointment of Directors and Senior Management
Annexure - 4 Policy on Remuneration to Directors

Annexure - 5 Policy on Remuneration of Key Managerial Personnel and Employees

22. AUDITORS:

♦ Statutory Auditors

Pursuant to the provisions of Section 139 and all other applicable provisions, if any, of the Companies
Act, 2013 and the Companies (Audit and Auditors Rules, 2014, as amended from time to time, the
Company has appointed B.B. Gusani & Associates, Chartered Accountants (FRN No. 140785W),
as Auditors of the Company to hold office from the conclusion of 28^th Annual General Meeting
(AGM) till the conclusion of the 33^th Annual General Meeting to be held in the year 2028, as
approved by the Shareholders of the Company.

♦ Secretarial Audit

M/s Ferrao MSR and Associates, Company Secretaries, were appointed as Secretarial Auditors of the
Company for the financial year 2024-25 pursuant to the provisions of Section 204 of the Companies
Act, 2013.

The Secretarial Audit Report submitted by them in prescribed form MR-3 is attached as Annexure - 2
to this report.

♦ Auditor Qualifications

The Auditor’s Report and Secretarial Auditor’s Report does not contain any qualifications,
reservations or adverse remarks. Reports of the Auditors are given as an Annexure which forms part
of this report.

♦ Cost Audit

The Company does not fall within the provisions of Section 148 of the Companies Act, 2013, as read
with the Companies (Cost Records and Audit) Rules, 2014. Therefore, the maintenance of cost
records and the applicability of cost audits, as specified by the Central Government under Section 148
of the Companies Act, 2013, are not applicable to the Company.

♦ Internal Auditor:

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 M/s. DGMS & Co. Chartered Accountants, Mumbai (FRN: 0112187W) as the Internal

Auditors of your Company for the financial year 2024-25 & 2025-26. The Internal Auditor
conducts the internal audit of the functions and operations of the Company and reports to the
Audit Committee and Board.

23. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

i. Change in Directors

During the year under review and as on the date of Report no changes took place in the Board
Structure:

ii. Retirement by Rotation of the Directors

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association
of the Company, Mr. Jignesh Thobhani, (Din: 07702512), Director of the Company, retires by
rotation and offers himself for re- appointment.

The brief resume of Mr. Jignesh Thobhani, the nature of his expertise in specific functional
areas, names of the companies in which he has held directorships, her shareholding etc. are
furnished in the Annexure - A to the notice of the ensuing AGM.

iii. Independent Directors

Our Company has received annual declarations from all the Independent Directors of the
Company confirming that they meet with the criteria of Independence provided in Section
149(6) of the Companies Act, 2013 and Regulations 16(1) (b) & 25 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and there has been no change in
the circumstances, which may affect their status as Independent Director during the year.

The Independent Directors met on 28^th March, 2025, without the attendance of Non¬
Independent Directors and members of the Management. The Independent Directors reviewed
the performance of Non-Independent Directors and the Board as a whole; the performance of
the Chairman of the Company, taking into account the views of Executive Directors and Non¬
Executive Directors and assessed the quality, quantity and timeliness of flow of information
between the Company Management and the Board that is necessary for the Board to
effectively and reasonably perform their duties.

iv. Key Managerial Personnel:

During the year under review and as on date of report, following are the Key Managerial
Personnel of the Company:

a) Mr. Jignesh Thobhani- Managing Director

b) Ms. Jayesh Merchant Vijay - Company Secretary & Compliance Officer

c) Mr. Dipsinh Ranjitsinh Solanki — Chief Financial Officer

There were changes in the Key Managerial Personnel during the year.

24. BOARD MEETINGS:

The Board of Directors, during the year 2024-25 met Five (5) times on 24/04/2024, 24/05/2024,
28/08/2024, 11/11/2024 and 15/02/2025.

Proper notices were given and the proceedings were properly recorded and signed in the Minutes
Book maintained for the purpose. There was no leave of absence at any of the aforementioned
meetings.

25. COMMITTEES OF THE BOARD:

1. COMMITTEES OF THE BOARD:

(a) Audit Committee:

The Audit Committee, as per Section 177 of Companies Act, 2013, continued working under
Chairmanship of Mr. Manish Pande. During the year the committee met (4) Four times with full
attendance of all the members. The composition of the Audit Committee as at March 31, 2025 and
details of the Members participation at the Meetings of the Committee are as under:

Name of Director	Category	Position in the committee	Attendance at the Audi helt		t Committee Meetings on
			24/04/2024	24/05/202 4	28/08/202 4	11/11/2024
Mr. Manish Pande	Independent Director	Chairman	Yes	Yes	Yes	Yes
Ms. Himani Bhootra	Independent Director	Member	Yes	Yes	Yes	Yes
Mr. Jignesh Thobhani	Executive Director	Member	Yes	Yes	Yes	Yes

The Committee is governed by a Charter which is in line with the regulatory requirements mandated
by the Companies Act, 2013. Some of the important functions performed by the Committee are:

Financial Reporting and Related Processes:

• Oversight of the Company’s financial reporting process and financial information submitted
to the Stock Exchanges, regulatory authorities or the public.

• Reviewing with the Management, the Half Yearly Unaudited Financial Statements and the
Auditor’s Limited Review Report thereon / Audited Annual Financial Statements and
Auditors’ Report thereon before submission to the Board for approval. This would, inter alia,
include reviewing changes in the accounting policies and reasons for the same, major
accounting estimates based on exercise of judgement by the Management, significant
adjustments made in the Financial Statements and / or recommendation, if any, made by the
Statutory Auditors in this regard.

• Review the Management Discussion & Analysis of financial and operational performance.

• Discuss with the Statutory Auditors its judgement about the quality and appropriateness of the
Company’s accounting principles with reference to the Accounting Standard Policy.

• Review the investments made by the Company.

All the Members on the Audit Committee have the requisite qualification for appointment on the
Committee and possess sound knowledge of finance, accounting practices and internal controls.

The Auditors, Internal Auditors, Chief Financial Officer are invited to attend the meetings of the
Committee. The Company Secretary acts as the Secretary to the Committee. Mr. Manish Pande, the
Chairman of the Committee, was present at the last Annual General Meeting (AGM) held on
Thursday, September 26, 2024''.

(b) Nomination and Remuneration Committee:

The Nomination and Remuneration Committee, as per Section 178(1) of Companies Act, 2013,
continued working under Chairmanship of Mr. Manish Pande. During the year, the committee met
One (1) time with full attendance of all the members. The composition of the Nomination and
Remuneration Committee as at March 31, 2025 and details of the Members participation at the
Meetings of the Committee are as under:

Name of Director	Category	Position in the committee	Attendance at the Nomination and Remuneration Committee Meetings held on
			24/04/2024
Mr. Manish Pande	Independent Director	Chairman	Yes
Ms. Priyanka Moondra Rathi	Independent Director	Member	Yes
Ms. Himani Bhoothra	Independent Director	Member	Yes

The terms of reference of the Committee as per Companies Act 2013 and SEBI (LODR) 2015,
include the following:

• Formulation of the criteria for determining qualifications, positive attributes and independence of
a director and recommend to the board of directors a policy relating to, the remuneration of the
directors, key managerial personnel and other employees;

• For every appointment of an independent director, the Nomination and Remuneration Committee
shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of
such evaluation, prepare a description of the role and capabilities required of an independent
director. The person recommended to the Board for appointment as an independent director shall
have the capabilities identified in such description. For the purpose of identifying suitable
candidates, the Committee may:

a) Use the services of an external agencies, if required;

b) Consider candidates from a wide range of backgrounds, having due regard to diversity; and

c) Consider the time commitments of the candidates.

• Formulation of criteria for evaluation of performance of independent directors and the board of
directors;

• Devising a policy on diversity of board of directors;

• Identifying persons who are qualified to become directors and who may be appointed in senior
management in accordance with the criteria laid down, and recommend to the board of directors
their appointment and removal.

• Whether to extend or continue the term of appointment of the independent director, on the basis
of the report of performance evaluation of independent directors.

• Recommend to the board, all remuneration, in whatever form, payable to senior management.

The Company has formulated a policy, detailed in the Board’s Report as follows:

• Annexure 3: Policy on Appointment of Directors and Senior Management

• Annexure 4: Policy on Remuneration to Directors

• Annexure 5: Policy on Remuneration of Key Managerial Personnel and Employees

(c) Stakeholders Relationship Committee:

The Stakeholders Relationship Committee, as per Section 178 (5) of Companies Act, 2013, continued
working under Chairmanship of Mr. Manish Pande. The Committee is governed by a Charter, which
is in line with the regulatory requirements mandated by the Companies Act, 2013. During the year,
the committee met one (1) time with full attendance of all the members. The composition of the
Stakeholders Relationship Committee as at March 31, 2024 and details of the Members participation
at the Meetings of the Committee are as under:

Name of Director		Category	Position in the committee	Attendance at the Stakeholders’ Relationship Committee held on 24.04.2025
Mr. Manish Pande		Independent Director	Chairperson	Yes
Ms. Bhootra	Himani	Independent Director	Member	Yes
Mr. Thobhani	Jignesh	Executive Director	Member	Yes

The terms of reference of the Committee are:

• Resolving the grievances of the security holders of the listed entity including complaints
related to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared
dividends, issue of new/duplicate certificates, general meetings etc.

• Review of measures taken for effective exercise of voting rights by shareholders.

• Review of adherence to the service standards adopted by the listed entity in respect of various
services being rendered by the Registrar & Share Transfer Agent.

• Review of the various measures and initiatives taken by the listed entity for reducing the
quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual
reports/statutory notices by the shareholders of the company.

During the year, no complaints were received from shareholders. There are no balance complaints.
The Company had no share transfers pending as on March 31, 2025.

Ms. Jayesh Merchant Vijay, Company Secretary and Compliance Officer of the Company.

26. BOARD’S 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 Non-Independent
Directors, Chairman of the Board and the Board as a whole

27. CORPORATE SOCIAL RESPONSIBILITY

The Company does not fall under the criteria laid under the provisions of Section 135 of the
Companies Act 2013 and rules framed there under for the year ended 31^st March 2025. Therefore, the
provisions of Corporate Social Responsibility are not applicable to the Company during the period.

28. INDEPENDENT DIRECTORS

The Independent Directors of the Company meet without the presence of the Chairman, Managing
Director / Chief Executive Officer, other Non- Independent Director, Chief Financial Officer,
Company Secretary and any other Management Personnel. This Meeting is conducted to enable the
Independent Directors to, inter-alia, discuss matters pertaining to review of performance of Non¬
Independent Directors and the Board as a whole, review the performance of the Chairman of the
Company (taking into account the views of the Executive and Non-Executive Directors), assess the
quality, quantity and timeliness of flow of information between the Company Management and the
Board, that is necessary for the Board to effectively and reasonably perform its duties. One meeting of
Independent Directors was held on March 28^th, 2025. The said meeting was attended by all
Independent Directors of the Company.

29. DIRECTORS’ RESPONSIBILITY STATEMENT;

Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received
from the management, the directors hereby confirm to the best of their knowledge that:

i. In the preparation of annual accounts, the applicable accounting standards have been followed
along with proper explanation relating to material departures.

ii. They 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 Profit of the Company for that
period.

iii. They have 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;

iv. They have prepared the annual financial statements on going concern basis.

v. Proper internal financial controls are in place in the Company and that such internal financial
controls are adequate and are operating effectively.

vi. They have devised proper systems to ensure compliance with the provisions of all applicable
laws and that such systems were adequate and operating effectively.

30. FORMAL ANNUAL EVALUATION PROCESS BY THE BOARD AND
DECLARATIONS BY INDEPENDENT DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013 and Rules made thereunder, the Board has
carried the evaluation of its own performance, individual Directors, its 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 committees, experience and expertise, performance of specific duties and obligations
etc. were carried out. The Directors expressed their satisfaction with the evaluation process and
outcome. The Company has received declarations from each of the Independent Directors confirming
that they meet the criteria of independence as provided in sub-section 6 of Section 149 of the
Companies Act, 2013. The performance of each of the non-independent directors (including the

Chairman) was also evaluated by the Independent Directors at the separate meeting held of
Independent Directors of the Company.

The Independent Directors of the Company viz. Mr. Manish Pande, Ms. Himani Bhootra and Mrs.
Priyanka Moondra Rathi have given declarations to the Company that they qualify the criteria of
independence as prescribed under Section 149 (6) read with Schedule IV of the Companies Act, 2013
and Regulation 16(1) (b) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations,
2015.

31. CORPORATE GOVERNANCE:

Since the Company’ securities are listed on SME Exchange of BSE, by virtue of Regulation 15 of
SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the compliance with the
corporate governance provisions as specified in regulations 17 to 27 and clauses (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 does not form part of this Directors’ Report.

32. CODE OF CONDUCT:

The Company has adopted Code of Conduct (“the Code/s”) for its Directors, Independent Directors,
Senior Management and employees. These Codes enunciate the underlying principles governing the
conduct of the Company’s business and seek to reiterate the fundamental precept that good
governance must and would always be an integral part of the Company’s ethos. The Company has for
the year under review, received declarations under the Codes from the Board members including
Independent Directors of the Company affirming compliance with the respective Codes.

33. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:

The Company has adopted an internal control system considering the nature of its business and the
size and complexity of operations. The Board has adopted the policies and procedures for ensuring the
orderly and efficient conduct of its business, including adherence to the Company’s policies, the
safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and
completeness of the accounting records and the timely preparation of reliable financial disclosures etc.

Systems and procedures are periodically reviewed to keep pace with the growing size and complexity
of your company’s operations.

The internal auditor assesses opportunities for improvement of business processes, systems and
controls, to provide recommendations, which can add value to the organization.

34. RISK MANAGEMENT POLICY:

Your company has developed and implemented a Risk Management Policy pursuant to Section 134(3)
(n) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, which includes
identification of elements of risk, if any, which in the opinion of the Board, may threaten the existence
of the Company.

The risk management process is designed to safeguard the organisation from various risks through
adequate and timely action. It is designed to anticipate, evaluate and mitigate risks in order to
minimise its impact on the business. The risk management framework of the Company is appropriate
compared to the size of the Company and the environment under which the Company operates.

At present, in the opinion of the Board there is no identification of Risk element that may threaten the
existence of the Company.

35. HUMAN RESOURCES:

Your Company lays a lot of emphasis in the training and development of skills of human resources.
The Employer relations with staff throughout the year continued to remain cordial.

36. VIGIL MECHANISM:

The Company has established a vigil mechanism system by adopting Whistle Blower Policy. The
same is available on the Company’s website www.shreeshay.com.

37. LISTING:

Shreeshay Engineers Limited is listed on the SME Platform of the BSE Limited. It has paid the
Annual Listing Fees for the year 2024-25 to BSE Limited.

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

The information on conservation of energy, technology absorption and foreign exchange earnings and
out go stipulated under Section134 (3)(m) of the Companies Act, 2013 read with Rule, 8 of The
Companies (Accounts) Rules, 2014, are enumerated as below:

I- Conservation of Energy:

1. The steps taken or impact on conservation of energy: -

The Company has taken measures and applied strict control system to monitor day to day power
consumption, to endeavour to ensure the optimal use of energy with minimum extent possible wastage
as far as possible. The day-to-day consumption is monitored and various ways and means are adopted
to reduce the power consumption in an effort to save energy.

2. The steps taken by the company for utilizing alternate sources of energy.

The Company has not taken any step for utilizing alternate sources of energy.

3. The capital investment on energy conservation equipments.

The Company has not made any capital investment on energy conservation equipments.

II- Technology Absorption:

a) The efforts made towards technology absorption. - Minimum technology required for
Business is absorbed.

b) The benefits derived like product improvement, cost reduction, product development or
import substitution - Not Applicable.

c) In case of imported technology (imported during the last three years reckoned from the
beginning of the financial year) - Not Applicable.

1. the details of technology imported;

2. the year of import;

3. whether the technology been fully absorbed;

4. if not fully absorbed, areas where absorption has not taken place, and the reasons thereof

III- The expenditure incurred on Research and Development — Not Applicable.

IV- Foreign Exchange Earning and Outgo:

The details of Foreign exchange Earnings and outgo during the year are as follows:

Particulars		2024-25	2023-24
Foreign (Rs.)	Exchange Earnings	NIL	NIL
Foreign Exchange Outgo (Rs.)		NIL	NIL

39. INDUSTRIAL RELATIONS:

The Company’s Industrial relations with its employees continued to be cordial throughout the year
under review. Your Directors wish to place on record their appreciation for the excellent team work
with which the workers and officers of the Company at all levels have contributed individually and
collectively to the performance of the Company.

40. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT
WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

There are only four employees in the company thus it not requires to constitute Internal Complaints
Committee (ICC) pursuant to the legislation ‘Prevention, Prohibition and redressal of Sexual
Harassment of Women at Workplace Act, 2013 as the same is not applicable on the company.

41. STATEMENT ON MATERNITY BENEFIT COMPLIANCE:

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act,
1961. All eligible women employees have been extended the statutory benefits prescribed under the
Act, including paid maternity leave, continuity of salary and service during the leave period, and post¬
maternity support such as nursing breaks and flexible return-to-work options, as applicable. The
Company remains committed to fostering an inclusive and supportive work environment that upholds
the rights and welfare of its women employees in accordance with applicable laws.

42. GENDER-WISE COMPOSITION OF EMPLOYEES

In alignment with the principles of diversity, equity, and inclusion (DEI), the Company discloses
below the gender composition of its workforce as on the March 31, 2025.

Male Employees: 2
Female Employees: 1
Transgender Employees:0

This disclosure reinforces the Company’s efforts to promote an inclusive workplace culture and equal

opportunity for all individuals, regardless of gender.

43. COMPLIANCE WITH SECRETARIAL STANDARDS:

In terms of Section 118(10) of the Act, the Company is complying with the Secretarial Standards
issued by the Institute of Company Secretaries of India and approved by Central Government with
respect to Meetings of the Board of Directors and General Meetings.

44. PREVENTION OF INSIDER TRADING:

In compliance with the provisions of the Securities and Exchange Board of India (Prohibition of
Insider Trading) Regulations, 2015, as amended, the Company has formulated and adopted the
revised “Code of Conduct for Prevention of Insider Trading” (“the Insider Trading Code”). The object

of the Insider Trading Code is to set framework, rules and procedures which all concerned persons
should follow, while trading in listed or proposed to be listed securities of the Company. During the
year, the Company has also adopted the Code of Practice and Procedures for Fair Disclosure of
Unpublished Price Sensitive Information (“the Code”) in line with the SEBI (Prohibition of Insider
Trading) Amendment Regulations, 2018. The Code is available on the Company’s website
www.shreeshay.com

45. SIGNIFICANT AND MATERIAL ORDERS:

There are no significant and material orders passed by the Regulators or Courts or Tribunals
impacting the going concern status and Company’s operations in future.

46. FRAUD REPORTING

There have been no frauds reported by the Auditors of the Company to the Audit Committee or the
Board of Directors under sub-section (12) of section 143 of the Companies Act, 2013 during the
financial year

47. DISCLOSURES:

The following disclosures are not applicable to the company:

1. The details of application made or any proceeding pending under the Insolvency and Bankruptcy
Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

2. The 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.

48. ACKNOWLEDGEMENTS:

Your Directors wish to place on record their sincere appreciation for the excellent assistance and
cooperation received from the Governmental authorities, the banks and financial institutions,
customers, vendors, workers, officers, staff and investors for their continued support during the year.

Registered Office: By Order Of The Board Of Directors

Shop No. F-04, 1st floor, Eternity Mall, FOR SHREESHAY ENGINEERS LIMITED

Naupada, Teen Haath Naka, LBS Marg,

Wagle I.E., Thane, ^Sd/-

^Maharashtra’ MU, ⁴⁰⁰⁶⁰⁴ JIGNESH THOBHANI

Td : ^{022 25082300}, ^25082400 (Managing Director)

CIN: L67190MH1995PLC087145 _{Din: 07702512}

^Website: www.shreeshay.com Thane, Monday, August 04, 2025

Email: [email protected]

---

Mar 31, 2024

Your Directors are pleased to present herewith the 29^th ANNUAL REPORT together with the Audited Financial Statements and Auditors’ report thereon for the year ended on 31^st March, 2024.

1. FINANCIAL PERFORMANCE OF THE COMPANY:

The Financial Results of the Company for the year ended on 31^st March, 2024 are as follows:

(Amount in Lakhs)
Particulars	Year ended March 31, 2024	Year ended March 31,2023
Total Income	1,829.70	687.28
Total Expense	1,683.71	667.35
Profit before extraordinary items and tax	145.99	19.92
Extraordinary items	-	-
Profit before tax	145.99	19.92
Tax Expense	36.74	(0.26)
Net Profit After Tax	109.25	20.19
Earnings Per Equity Share	0.48	0.15

2. REVIEW OF OPERATIONS:

The Company is engaged in the business of providing real estate construction and engineering focused solutions. The total income of the Company during the year under review was Rs. 1,829.70 (Amount in Lakhs) as compared to Rs. 687.28 (Amount in Lakhs) during the previous year. During the year under review the Company has earned net profit of Rs 109.25 (Amount in Lakhs) as compared to profit of Rs. 20.19 (Amount in Lakhs) during previous year.

3. CASH FLOW STATEMENTS

As required under regulation 34 of the SEBI (LODR) Regulations, 2015, a Cash Flow Statement forms part of Annual Report.

4. DIVIDEND

With a view to conserve resources, the Company lias not declared any dividend for the financial year ended on 31^st March, 2024.

5. TRANSFER TO RESERVES IN TERMS OF SECTION 134 (3) (J) OF THE COMPANIES ACT, 2013

The Board lias decided not to transfer any amount to the Reserves for the year under review.

6. TRANSFER OF UNCLAIMED / UNPAID AMOUNTS TO THE INVESTOR EDUCATION AND PROTECTION FUND:

The Ministry of Corporate Affairs under Sections 124 and 125 of the Companies Act, 2013 requires dividends that are not encashed/ claimed by the shareholders for a period of seven consecutive years, to be transferred to the Investor Education and Protection Fund (IEPF). In FY 2023-24, there was no amount due for transfer to IEPF.

There were no amounts which were required to be transferred by the Company to the Investor Education and Protection Fund.

7. SHARE CAPITAL:

The authorized share capital of the company is Rs. 14,00,00,000/- divided into 1,40,00,000 equity shares of Rs. 10/-

The paid-up Equity Share Capital as on 31^st March, 2024 was Rs. 13,20,33,960/-. The Company lias not issued shares with differential voting rights nor granted stock options nor sweat equity.

Company has appointed M/s Bigshare Services Private Limited as the Registrar and Transfer Agent of the Company.

8. CHANGE IN NATURE OF BUSINESS. IF ANY

There has been no change in nature of business of the Company during the FY under review.

9. DISCLOSURES BY DIRECTORS

The Board of Directors has submitted notice of interest in Form MBP 1 under Section 184(1) as well as intimation by directors in Form DIR 8 under Section 164(2) and declarations as to compliance with the Code of Conduct of the Company.

10. JOINT VENTURES. SUBSIDIARIES AND ASSOCIATE COMPANIES:

The Company does not have any joint ventures, subsidiaries and associates as on the financial year ended 31^st March, 2024.

11. MATERIAL CHANGES AND COMMITMENTS. IF ANY. AFFECTING THE FINANCIAL POSITION OF THE COMPANY FROM THE CONCLUSION OF THE FINANCIAL YEAR TILL THE DATE OF THIS REPORT:

There have been no material changes or commitments, affecting the financial position of the Company have occurred between the end of the financial year of the Company, to which the financial statements relate, i.e. 31^st March, 2024 and the date of the Board’s Report.

12. CHANGE IN SHARE CAPITAL:

There was no change in Share Capital for the period under review.

13. CHANGE IN REGISTERED OFFICE

During the under review. There were no changes in the Registered Office of the Company.

14. FAMILIARISATION PROGRAMME FOR DIRECTORS

As a practice, all Directors (including Independent Directors) inducted to the Board go through a structured orientation programme. Presentations are made by Senior Management giving an overview of the operations, to familiarise the new Directors with the Company''s business operations. The Directors are given an orientation on the products of the business, group structure and subsidiaries. Board constitution and procedures, matters reserved for the Board, and the major risks and risk management strategy of the Company.

During the year under review, Ms. Priyanka Moondra Ratlii was inducted to the Board as Independent Director.

15. DEPOSITS:

The Company has not accepted any deposit within the meaning of Section 73 of the Companies Act, 2013 during the period under review.

16. PARTICULARS OF LOANS. GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT. 2013:

Particulars of loans given, investments made, guarantees given and securities provided are provided in the financial statements.

17. EXTRACT OF ANNUAL RETURN:

The Annual Return of the Company as on 31st March, 2024 is available on the website of the Company at www.shreeshav.com.

18. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report as required under Regulation 34 and Schedule V of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 forms an integral part of this Report, and provides adequately with the Company’s current working and future outlook of the Company as per Annexure - 1 to this report.

19. CONTRACTS OR AGREEMENTS WITH RELATED PARTIES:

All transactions entered into with related parties as defined under the Act during the FY were in the ordinary course of business and on an arm’s length pricing basis and do not attract the provisions of Section 188 of the Act. There were no materially significant transactions with the related parties during the FY which were in conflict with the interest of the Company.

20. PARTICULARS OF EMPLOYEES. MANAGEMENT REMUNERATION:

The information required under Section 197 & Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given below.

a) The median remuneration of employees of the Company during the financial year is Rs. 2,40,000

b) Percentage increase/decrease in the median remuneration of employees in the financial year 2023 -24 : NA

c) Number of permanent employees on the rolls of the Company as on March 31, 2024: 4

d) It is hereby affirmed that the remuneration paid during the year is as per the Remuneration policy of the Company.

e) There is no employee covered under the provisions of section 197(14) of the Companies Act, 2013.

There was no employee in the Company who drew remuneration of Rs. 1,00,00,000/ - 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.

21. POLICIES UNDER SECTION 178:

Policy on directors’ 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 made available on the Company’s website i.e. www.sln-eesliav.com for the ready reference of the stakeholders of the Company. The following policies of the company are attached herewith:

Annexure - 3 Policy on appointment of Directors and Senior Management Annexure - 4 Policy on Remuneration to Directors

Annexure - 5 Policy on Remuneration of Key Managerial Personnel and Employees

22. AUDITORS:♦ Statutory Auditors

Pursuant to the provisions of Section 139 and all other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors Rules, 2014, as amended from time to time, the Company lias appointed

B.B. GUSANI & ASSOCIATES, Chartered Accountants (FRN No. 140785W), as Auditors of the Company to hold office from the conclusion of 28* Annual General Meeting (AGM) till the conclusion of the 33th Annual General Meeting to be held in the year 2028,as approved by the Shareholders of the Company.

♦ Secretarial Audit

M/s Ferrao MSR and Associates, Company Secretaries, were appointed as Secretarial Auditors of the Company for the financial year 2023-24 pursuant to the provisions of Section 204 of the Companies Act, 2013.

The Secretarial Audit Report submitted by them in prescribed form MR-3 is attached as Annexure - 2 to this report.

♦ Auditor Qualifications

The Auditor’s Report and Secretarial Auditor’s Report does not contain any qualifications, reservations or adverse remarks. Reports of the Auditors are given as an Annexure which forms part of this report.

♦ Cost Audit

The Company does not fall within the provisions of Section 148 of the Companies Act, 2013, as read with the Companies (Cost Records and Audit) Rules, 2014. Therefore, the maintenance of cost records and the applicability of cost audits, as specified by the Central Government under Section 148 of the Companies Act, 2013, are not applicable to the Company.

♦ Internal Auditor:

The Board of Directors, based on the recoimnendation of the Audit Committee and pursuant to the provisions of section 138 of the Act read with the Companies (Accounts) Rules, 2014, lias appointed M/s. N B Parekh and Co. Chartered Accountants, Mumbai (FRN: 115408W) as the Internal Auditors of your Company for the financial year 2023-24. The Internal Auditor conducts the internal audit of the functions and operations of the Company and reports to the Audit Committee and Board.

23. DIRECTORS AND KEY MANAGERIAL PERSONNEL:i. Change in Directors

During the year under review and as on the date of Report following are the changes took place in the Board Structure:

Name of the Director	Category	Date of Change	Reason for Change
Mr. Kesliav Ratlii	Non-Executive Independent Director.	19* July, 2023	Resignation
Ms. Priyanka Moondra Ratlii	Non-Executive Independent Director.	19* July, 2023	Appointment

ii. Retirement by Rotation of the Directors

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Mr. Jignesh Thobani, (Din: 07702512), Director of the Company, retires by rotation and offers himself for re- appointment.

The brief resume of Mr. Jignesh Thobani, the nature of his expertise in specific functional areas, names of the companies in which he has held directorships, her shareholding etc. are furnished in the Annexure - A to the notice of the ensuing AGM.

iii. Independent Directors

Our Company lias received annual declarations from all the Independent Directors of the Company confirming that they meet with the criteria of Independence provided in Section 149(6) of the Companies Act, 2013 and Regulations 16(1) (b) & 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and there lias been no change in the circumstances, which may affect their status as Independent Director during the year.

The Independent Directors met on 25^th March, 2024, without the attendance of Non-Independent Directors and members of the Management. The Independent Directors reviewed the performance of Non-Independent Directors and the Board as a whole; the performance of the Chairman of the Company, taking into account the views of Executive Directors and Non-Executive Directors and assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

iv. Key Managerial Personnel:

During the year under review and as on date of report, following are the Key Managerial Personnel of the Company:

a) Mr. Jignesh Thobliani- Managing Director

b) Ms. Jayesh Merchant Vijay - Company Secretary & Compliance Officer

c) Mr. Jignesh Thobliani - Chief Financial Officer (upto 05¹ January 2024).

d) Mr. Dipsinli Ranjitsinli Solanki - Chief Financial Officer (w.e.f 24^th April 2024).

There were changes in the Key Managerial Personnel during the year.24. BOARD MEETINGS:

The Board of Directors, during the year 2023-24 met Five (5) times on 23/05/2023, 19/07/2023, 16/08/2023, 09/11/2023 and 01/03/2024.

Proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose. There was no leave of absence at any of the aforementioned meetings.

25. COMMITTEES OF THE BOARD:1. COMMITTEES OF THE BOARD:(a) Audit Committee:

The Audit Committee, as per Section 177 of Companies Act, 2013, continued working under Chairmanship of Mr. Manish Pande. During the year the committee met (3) three times with full attendance of all the members. The composition of the Audit Committee as at March 31, 2024 and details of the Members participation at the Meetings of the Committee are as under:

Name of Director	Category	Position in the committee	Attendance at the Audit Committee Meetings held on
			23/05/2023	16/08/2023	09/11/2023
Mr. Manish Pande	Independent Director	Chairman	Yes	Yes	Yes
Ms. Himani Bhootra	Independent Director	Member	Yes	Yes	Yes
Mr. Jignesh Thobliani	Executive Director	Member	Yes	Yes	Yes

The Committee is governed by a Charter which is in line with the regulatory requirements mandated by the Companies Act, 2013. Some of the important functions performed by the Committee are:

Financial Reporting and Related Processes:

• Oversight of the Company’s financial reporting process and financial information submitted to the Stock Exchanges, regulatory authorities or the public.

• Reviewing with the Management, the Half Yearly Unaudited Financial Statements and the Auditor’s Limited Review Report thereon / Audited Annual Financial Statements and Auditors’ Report thereon before submission to the Board for approval. This would, inter alia, include reviewing changes in the accounting policies and reasons for the same, major accounting estimates based on exercise of judgement by the Management, significant adjustments made in the Financial Statements and / or recommendation, if any, made by the Statutory Auditors in this regard.

• Review the Management Discussion & Analysis of financial and operational performance.

• Discuss with the Statutory Auditors its judgement about the quality and appropriateness of the Company’s accounting principles with reference to the Accounting Standard Policy.

• Review the investments made by the Company.

All the Members on the Audit Committee have the requisite qualification for appointment on the Committee and possess sound knowledge of finance, accounting practices and internal controls.

The Auditors, Internal Auditors, Chief Financial Officer are invited to attend the meetings of the Committee. The Company Secretary acts as the Secretary to the Committee. Mr. Manish Pande, the Chairman of the Committee, was present at the last Annual General Meeting (AGM) held on Tuesday, September 12, 2023.

(b) Nomination and Remuneration Committee:

The Nomination and Remuneration Committee, as per Section 178(1) of Companies Act, 2013, continued working under Chairmanship of Mr. Manish Pande. During the year, the committee met three (3) times with full attendance of all the members. The composition of the Nomination and Remuneration Committee as at March 31, 2024 and details of the Members participation at the Meetings of the Committee are as under:

Name of Director	Category	Position in the committee	Attendance at the Audit Committee Meetings held on
			23/05/2023	19/07/2023	16/08/2023
Mr. Manish Pande	Independent Director	Chairman	Yes	Yes	Yes
Ms. Priyanka Moondra Ratlii	Independent Director	Member	Yes	Yes	Yes
Ms. Himani Bhoothra	Independent Director	Member	Yes	Yes	Yes

The terms of reference of the Committee as per Companies Act 2013 and SEBI (LODR) 2015, include the following: ¹

• Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the board of directors their appointment and removal.

• Whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors.

• Recoimnend to the board, all remuneration, in whatever fonn, payable to senior management.

The Company has fonnulated a policy, detailed in the Board’s Report as follows:

• Annexure 3: Policy on Appointment of Directors and Senior Management

• Annexure 4: Policy on Remuneration to Directors

• Annexure 5: Policy on Remuneration of Key Managerial Personnel and Employees

(c) Stakeholders Relationship Committee:

The Stakeholders Relationship Committee, as per Section 178 (5) of Companies Act, 2013, continued working under Chairmanship of Mr. Manish Pande. The Committee is governed by a Charter, which is in line with the regulatory requirements mandated by the Companies Act, 2013. During the year, the committee met one (1) time with full attendance of all the members. The composition of the Stakeholders Relationship Committee as at March 31, 2024 and details of the Members participation at the Meetings of the Committee are as under:

Name of Director	Category	Position in the committee	Attendance at the Stakeholders’ Relationship Committee held on 23.05.2023
Mr. Manish Pande	Independent Director	Chairperson	Yes
Ms. Himani Bhootra	Executive Director	Member	Yes
Mr. Jignesh Thobhani	Independent Director	Member	Yes

The tenns of reference of the Committee are:

• Resolving the grievances of the security holders of the listed entity including complaints related to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate certificates, general meetings etc.

• Review of measures taken for effective exercise of voting rights by shareholders.

• Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent.

• Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company.

During the year, no complaints were received from shareholders. There are no balance complaints. The Company had no share transfers pending as on March 31, 2024.

Ms. Jayesh Merchant Vijay, Company Secretary and Compliance Officer of the Company.

(d) Corporate Social Responsibility Committee (CSR)

The provisions of Section 135 of the Companies Act, 2013 do not apply to the Company since it does not fulfill the minimum requirements for applicability. Therefore, a CSR Committee was not constituted and no annexure report lias been attached.

26. BOARD’S 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 Non-Independent Directors, Chairman of the Board and the Board as a whole

27. CORPORATE SOCIAL RESPONSIBILITY

The Company does not fall under the criteria laid under the provisions of Section 135 of the Companies Act 2013 and rules framed there under for the year ended 31^st March 2024. Therefore, the provisions of Corporate Social Responsibility are not applicable to the Company during the period.

28. Independent Directors

The Independent Directors of the Company meet without the presence of the Chairman, Managing Director / Chief Executive Officer, other Non- Independent Director, Chief Financial Officer, Company Secretary and any other Management Personnel. This Meeting is conducted to enable the Independent Directors to, inter-alia, discuss matters pertaining to review of performance of Non-Independent Directors and the Board as a whole, review the performance of the Chairman of the Company (taking into account the views of the Executive and Non-Executive Directors), assess the quality, quantity and timeliness of flow of information between the Company Management and the Board, that is necessary for the Board to effectively and reasonably perform its duties. One meeting of Independent Directors was held on March 25* , 2024. The said meeting was attended by all Independent Directors of the Company.

29. DIRECTORS’ RESPONSIBILITY STATEMENT:

Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received from the management, the directors hereby confirm to the best of their knowledge that:

i. In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures.

ii. They 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 Profit of the Company for that period.

iii. They have 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;

iv. They have prepared the annual financial statements on going concern basis.

v. Proper internal financial controls are in place in the Company and that such internal financial controls are adequate and are operating effectively.

vi. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

30. FORMAL ANNUAL EVALUATION PROCESS BY THE BOARD AND DECLARATIONS BY INDEPENDENT DIRECTORS:

Pursuant to the provisions of the Companies Act, 2013 and Rules made thereunder, the Board has carried the evaluation of its own performance, individual Directors, its committees, including the Chairman of the Board on the basis of attendance, contribution and various criteria as recoimnended by the Nomination and Remuneration

Committee of the Company. The evaluation of the working of the Board, its committees, experience and expertise, performance of specific duties and obligations etc. were carried out. The Directors expressed their satisfaction with the evaluation process and outcome. The Company has received declarations from each of the Independent Directors confirming that they meet the criteria of independence as provided in sub-section 6 of Section 149 of the Companies Act, 2013. The performance of each of the non-independent directors (including the Chairman) was also evaluated by the Independent Directors at the separate meeting held of Independent Directors of the Company.

The Independent Directors of the Company viz. Mr. Manish Pande, Ms. Himani Bhootra and Mrs. Priyanka Moondra Ratlii have given declarations to the Company that they quality the criteria of independence as prescribed under Section 149 (6) read with Schedule IV of the Companies Act, 2013 and Regulation 16(1) (b) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

31. CORPORATE GOVERNANCE:

Since the Company’ securities are listed on SME Exchange of BSE, by virtue of Regulation 15 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the compliance with the corporate governance provisions as specified in regulations 17 to 27 and clauses (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 does not form part of this Directors’ Report.

32. CODE OF CONDUCT:

The Company has adopted Code of Conduct (“the Code/s”) for its Directors, Independent Directors, Senior Management and employees. These Codes enunciate the underlying principles governing the conduct of the Company’s business and seek to reiterate the fundamental precept that good governance must and would always be an integral part of the Company’s ethos. The Company lias for the year under review, received declarations under the Codes from the Board members including Independent Directors of the Company affirming compliance with the respective Codes.

33. INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:

The Company lias adopted an internal control system considering the nature of its business and the size and complexity of operations. The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures etc.

Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of your company’s operations.

The internal auditor assesses opportunities for improvement of business processes, systems and controls, to provide recoimnendations, which can add value to the organization.

34. RISK MANAGEMENT POLICY:

Your company lias developed and implemented a Risk Management Policy pursuant to Section 134(3) (n) of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, which includes identification of elements of risk, if any, which in the opinion of the Board, may threaten the existence of the Company.

The risk management process is designed to safeguard the organisation from various risks through adequate and timely action. It is designed to anticipate, evaluate and mitigate risks in order to minimise its impact on the business. The risk management framework of the Company is appropriate compared to the size of the Company and the enviromnent under which the Company operates.

At present, in the opinion of the Board there is no identification of Risk element that may threaten the existence of the Company.

35. HUMAN RESOURCES:

Your Company lays a lot of emphasis in the training and development of skills of human resources. The Employer relations with staff throughout the year continued to remain cordial.

36. VIGIL MECHANISM:

The Company has established a vigil mechanism system by adopting Whistle Blower Policy. The same is available on the Company’s website www.sln-eesliav.com .

37. LISTING:

Shreeshay Engineers Limited is listed on the SME Platform of the BSE Limited. It lias paid the Annual Listing Fees for the year 2024-25 to BSE Limited.

38. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNINGS AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings and out go stipulated under Sectionl34 (3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, are enumerated as below:

I- Conservation of Energy:

1. The steps taken or impact on conservation of energy:-

The Company has taken measures and applied strict control system to monitor day to day power consumption, to endeavour to ensure the optimal use of energy with minimum extent possible wastage as far as possible. The day-to-day consumption is monitored and various ways and means are adopted to reduce the power consumption in an effort to save energy.

2. The steps taken by the company for utilizing alternate sources of energy.

The Company has not taken any step for utilizing alternate sources of energy.

3. The capital investment on energy conservation equipments.

The Company has not made any capital investment on energy conservation equipments.

II- Technology Absorption:

a) The efforts made towards technology absorption. - Minimum technology required for Business is absorbed.

b) The benefits derived like product improvement, cost reduction, product development or import substitution - Not Applicable.

c) In case of imported technology (imported during the last three years reckoned from the beginning of the financial year) - Not Applicable.

1. the details of technology imported;

2. the year of import;

3. whether the technology been fully absorbed;

4. if not fully absorbed, areas where absorption has not taken place, and the reasons thereof

III- The expenditure incurred on Research and Development - Not Applicable.

IV- Foreign Exchange Earning and Outgo:

The details of Foreign exchange Earnings and outgo during the year are as follows:

Particulars	2023-24	2022-23
Foreign Exchange Earnings (Rs.)	NIL	NIL
Foreign Exchange Outgo (Rs.)	NIL	NIL

39. INDUSTRIAL RELATIONS:

The Company’s Industrial relations with its employees continued to be cordial throughout the year under review. Your Directors wish to place on record their appreciation for the excellent team work with which the workers and officers of the Company at all levels have contributed individually and collectively to the performance of the Company.

40. DISCLOSURE TINDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION & REDRESSAL) ACT. 2013:

The Company lias in place an Anti-Sexual Harassment Policy in line with the Requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013 and an Internal Complaints Committee has been set up to redress complaints received regarding Sexual Harassment at workplace, with a mechanism of lodging & redress the complaints. All employees (permanent, contractual, temporary, trainees, etc.) are covered under this policy.

Your Directors further state that pursuant to the requirements of Section 22 of Sexual Harassment of Women at Work place (Prevention, Prohibition & Redressal) Act, 2013 read with Rules there under, the Company lias not received any complaint of sexual harassment during the year under review.

41. COMPLIANCE WITH SECRETARIAL STANDARDS:

In tenns of Section 118(10) of the Act, the Company is complying with the Secretarial Standards issued by the Institute of Company Secretaries of India and approved by Central Government with respect to Meetings of the Board of Directors and General Meetings.

42. PREVENTION OF INSIDER TRADING:

In compliance with the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended, the Company has formulated and adopted the revised “Code of Conduct for Prevention of Insider Trading” (“the Insider Trading Code”). The object of the Insider Trading Code is to set framework, rules and procedures which all concerned persons should follow, while trading in listed or proposed to be listed securities of the Company. During the year, the Company has also adopted the Code of Practice and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (“the Code”) in line with the SEBI (Prohibition of Insider Trading) Amendment Regulations, 2018. The Code is available on the Company’s website www.slneesliav.com

43. SIGNIFICANT AND MATERIAL ORDERS:

There are no significant and material orders passed by the Regulators or Courts or Tribunals impacting the going concern status and Company’s operations in future.

44. FRAUD REPORTING

There have been no frauds reported by the Auditors of the Company to the Audit Committee or the Board of Directors under sub-section (12) of section 143 of the Companies Act, 2013 during the financial year

45. DISCLOSURES:

The following disclosures are not applicable to the company:

1. The details of application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during the year along with their status as at the end of the financial year.

2. The 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.

46. ACKNOWLEDGEMENTS:

Your Directors wish to place on record their sincere appreciation for the excellent assistance and cooperation received from the Governmental authorities, the banks and financial institutions, customers, vendors, workers, officers, staff and investors for their continued support during the year.

1

Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recoimnend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel and other employees;

• For every appointment of an independent director, the Nomination and Remuneration Committee shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director. The person recoimnended to the Board for appointment as an independent director shall have the capabilities identified in such description. For the purpose of identifying suitable candidates, the Committee may:

a) Use the services of an external agencies, if required;

b) Consider candidates from a wide range of backgrounds, having due regard to diversity; and

c) Consider the time commitments of the candidates.

• Formulation of criteria for evaluation of performance of independent directors and the board of directors;

• Devising a policy on diversity of board of directors;

---

Mar 31, 2018

Director''s Report

To,

THE MEMBERS

Your Directors are pleased to present herewith the 23rdANNUAL REPORT together with the Audited Financial Statements and Auditors'' report thereon for the year ended on 31st March, 2018.

FINANCIAL RESULTS:

The Financial Results of the Company for the year ended on 31st March, 2018 are as follows:

(Amount in Rs.)

Particulars	Year ended March 31, 2018	Year ended March 31, 2017
Total Income	5,978,255	2,217,405
Total Expense	2,819,919	303,716
Profit before extraordinary items and tax	3,158,336	1,913,689
Extraordinary items	-	-
Profit before tax	3,158,336	1,913,689
Tax Expense	1,589,271	580,427
Net Profit After Tax	1,569,064	1,333,262
Earnings Per Equity Share	0.12	2.75

STATE OF THE COMPANY''S AFFAIRS:

The Company is engaged in the business of providing real estate construction and engineering focused solutions. The total income of the Company during the year under review was Rs. 5,978,2551-as compared to Rs. 2,217,405/- during the previous year. During the year under review the Company has earned net profit of Rs. 1,569,064/- as compared to profit of Rs. 1,333,262/- during previous year.

DIVIDEND:

The Company has not declared any dividend for the financial year ended on 31stMarch, 2018.

SHARE CAPITAL:

The paid up Equity Share Capital as on 31st March, 2018 was Rs. 13,20,33,960/-. The Company has not issued shares with differential voting rights nor granted stock options nor sweat equity.

AMOUNT TRANSFERRED TO RESERVES:

The Company has not transferred any amount to the General Reserve during the year under review.

ISSUE OF SHARES:

As approved by the members, the Board has issued and allotted shares as follows:

1. Preferential Issue - 87,30,360 Equity Shares of Face Value of Rs. 10 each and on premium of Rs. 5 each on preferential basis.

2. Bonus Issue : 388,016 Equity shares of Rs. 10/- each to the members as Bonus shares by way of capitalizing the free reserves of the Company in the ratio of 8:10.

INITIAL PUBLIC OFFER:

During the year under review, your Company came out with a Initial Public Issue of 36,00,000 Equity Shares at face value of Rs. 10/- at a premium of Rs. 5/- per share, consisting of an entire Fresh Issue of 36,00,000 equity shares.

Your Directors are pleased to inform that Company had successfully completed Initial Public Offer. The issue was oversubscribed by 1.05 times.

The Company has received the trading approval for total 1,32,03,396 Equity Shares on SME Platform of BSE Limited with effect from 21st March, 2018 having the symbol "SHREESHAY".

The Company confirms that the annual listing fees to BSE Limited for the financial year 2017-18 have been paid.

CONVERSION OF COMPANY:

During the year, the Company has been converted to Limited Company from Private Limited Company and the necessary fresh certificate to that effect has been issued by Deputy Registrar of Companies, Mumbai on 11th December, 2017

MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

Management Discussion and Analysis Report as required under Regulation 34 and Schedule V of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 forms an integral part of this Report,and provides adequately with the Company''s current working and future outlook of the Company as per Annexure -1.

EXTRACT OF ANNUAL RETURN:

Extract of Annual Return as on 31st March, 2018 in the prescribed form MGT - 9, pursuant to provisions of Section 92(3) of the Companies Act, 2013 and the Companies (Management and Administration) Rules2014, is annexed herewith as per Annexure - 2.

SUBSIDIARY COMPANY AND ASSOCIATE COMPANY:

The Company does not have any subsidiaries and associates as on the financial year ended 31st March, 2018.

CONTRACTS OR AGREEMENTS WITH RELATED PARTIES:

During the year under review, contracts or arrangements entered into with the related party, as defined under section 2(76) of the Companies Act, 2013 were in ordinary course of Business and on arms'' lengthbasis. Details of the transactions are annexed herewith as per Annexure - 3.

During the year the Company has not entered into any materially significant related party transactions which may have potential conflict with the interest of the Company at large. Suitable disclosures as required are provided in AS-18 which is forming the part of the notes to financial statement.

MATERIAL CHANGES AND COMMITMENTS, IF ANY, AFFECTING THE FINANCIAL POSITION OF THE COMPANY FROM THE CONCLUSION OF THE FINANCIAL YEAR TILL THE DATE OF THIS REPORT:

No material changes or commitments, affecting the financial position of the Company have occurred between the end of the financial year of the Company, to which the financial statements relates, i.e. 31st March, 2018 and the date of the Board''s Report.

DEPOSITS:

The Company has not accepted any deposit within the meaning of Section 73 of the Companies Act, 2013during the period under review.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT, 2013:

The particulars of loan given, investment made and guarantee and security given by the Company (if any)during the financial year under review and governed by the provisions of Section 186 of the Companies Act,2013 have been furnished in the Notes to the Financial statements.

STATUTORY AUDITORS:

Pursuant to the provisions of Section 139 and all other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors Rules, 2014, as amended from time to time, the Company appointed M/s. Vinod K. Mehta & Co., Chartered Accountants (FRN No. 111508W), as Auditors of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the Annual General Meeting to be held in the year 2023 to examine and audit the accounts of the Company at such remuneration as may be mutually agreed between the Board of Directors of the Company and the Auditors.

AUDITORS OBSERVATIONS:

There are no qualifications, reservations, adverse remarks or disclaimers made by the Statutory Auditors in their audit report.

SECRETARIAL AUDIT REPORT:

M/s Ferrao MSR and Associates, Company Secretaries, were appointed as Secretarial Auditors of the Company for the financial year 2017-18 pursuant to the provisions of Section 204 of the Companies Act, 2013. The Secretarial Audit Report submitted by them in prescribed form MR-3 is attached as Annexure - 4 to this report.

There are no qualifications or other observations or remarks of the Secretarial Auditors in the Report issued by them for the financial year 2017-18 which call for any explanation from the Board of Directors.

COST AUDITOR

Cost Audit as per The Companies (Cost Records and Audit) Rules, 2014 does not apply to the Company. Therefore, no cost auditor was appointed.

DIRECTORS:

Mrs. Nisha B Patel will retire by rotation at the ensuing Annual General Meeting and being eligible and has offered herself for reappointment. The Board recommends there appointment of above Directors of the Company.

The constitution of the Board is in compliance of Section 149 of the Companies Act, 2013. The details of changes among the directors are as under:

Name	Patriculars	Date	Designation
Kishore Patel	Change in Designation	29/09/2017	Managing Director (Categorised as Key managerial Personnel w.e.f. 29th September, 2017)
Bhogin Patel	Appointment	27/10/2017	Non Executive Director
Nisha Patel	Change in Designation	30/09/2017	Non Executive Director (W.e.f 29th September, 2017)
Jayantilal J Gala	Appointment	18/12/2017	Additional Independent Director
Harish V Adhia	Appointment	18/12/2017	Additional Independent Director

Pursuant to provision of Section 203 of the Companies Act, 2013 the Company has appointed Mr.Nityanand Tirlotkar as Chief Financial Officer and Mr. Ashish Roongta as Whole-Time Company Secretary w.e.f. 12th July, 2018. (previously Mrs. Shruti Bang was Company Secretary who resigned w.e.f. 26th June, 2018)

ATTENDANCE OF DIRECTORS:

AUDIT COMMITTEE:

The Board of Directors at its meeting held on 18th December, 2017 has constituted an Audit Committee incompliance of the provision of Section 177 of the Companies Act, 2013. During the year under review, meeting of Audit committee was held on 27th March, 2018 and the attendance records of the members of the Committee are as follows:

Sr. No.	Name	Designation in Committee	No. of Committee meeting entitled	No. of Committee meeting attended
1.	Mr. Jayantilal J Gala	Chairman	1	1
2.	Mr. Harish V Adhia	Member	1	1
3.	Mr. Kishore D Patel	Member	1	1

NOMINATION & REMUNERATION COMMITTEE:

The Board of Directors at its meeting held on 18th December, 2017 has constituted a Nomination &Remuneration Committee in compliance of the provision of Section 178 of the Companies Act, 2013. During the year under review, meeting of Nomination and Remuneration committee was held on 27th March, 2018 and the following are the members of the Committee:

Sr.	Name	Designation in	No. of Committee	No. of Committee
No.		Committee	meeting entitled	meeting attended
1.	Mr. Harish V Adhia	Chairman	1	1
2.	Mr. Jayantilal J Gala	Member	1	1
3.	Mrs Nisha B Patel	Member	1	1

STAKEHOLDER RELATIONSHIP COMMITTEE:

The Board of Directors at its meeting held on 18th December, 2017 has constituted a Stakeholder Relationship Committee in compliance of the provision of Section 178 of the Companies Act, 2013.

The composition of Stakeholder Relationship Committee is enumerated as below:

Sr. No.	Name	Designation in Committee	Nature of Directorship
1.	Mr. Bhogin D Patel	Chairman	Non-executive Non-independent Director
2.	Mr. Kishore D Patel	Member	Managing Director
3.	Mrs. Nisha B Patel	Member	Non-executive Non-independent Director

CORPORATE SOCIAL RESPONSIBILITY COMMITTEE (CSR):

The provisions of Section 135 of the Companies Act, 2013 do not apply to the Company since it does not fulfill the minimum requirements for applicability. Therefore, a CSR Committee was not constituted and no annexure report has been attached.

DECLARATION BY INDEPENDENT DIRECTORS:

The Independent Directors of the Company viz. Mr. Jayantilal J Gala and Mr. Harish V Adhia have given declaration to the Company that they qualify the criteria of independence as prescribed under Section 149 (6) read with Schedule IV of the Companies Act, 2013 and Regulation 16(1) (b) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

KEY MANAGERIAL PERSONNEL:

According to the provisions of section 203 (1) of the Companies Act 2013, the Company has appointed the following Key Managerial Personnel for the financial year 2017-18

Name	Designation
Mr. Kishore D Patel	Managing Director
Mr. Nityanand N Tirlotkar	CFO
Mrs. Shruti G Bang	Company Secretary & Compliance Officer (Resigned w.e.f 26th June, 2018)
Mr. Ashish Roongta	Company Secretary & Compliance Officer (Appointed w.e.f 12th July, 2018)

DIRECTORS'' RESPONSIBILITY STATEMENT

Pursuant to the requirement of Section 134(5) of the Act, and based on the representations received from the management, the directors hereby confirm to the best of their knowledge that: i. In the preparation of annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures, ii. they 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 Profit of the Company for that period, iii. they have 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;

iv. They have prepared the annual financial statements on going concern basis. v. proper internal financial controls are in place in the Company and that such internal financial controls are adequate and are operating effectively and

vi. They have devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

FORMAL ANNUAL EVALUATION PROCESS BY 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, individual Directors, its 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 committees, experience and expertise, performance of specific duties and obligations etc. were carried out. The Directors expressed their satisfaction with the evaluation process and outcome.

The performance of each of the non-independent directors (including the Chairman) was also evaluated by the Independent Directors at the separate meeting held of Independent Directors of the Company.

PARTICULARS OF EMPLOYEES, MANAGEMENT REMUNERATION:

During the year under review, there are no employees drawing remuneration which is in excess of the limit as prescribed under Section 197 of the Companies Act, 2013 read with rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Disclosures pertaining to remuneration and details as required under section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel)Rules, 2014 is attached as per Annexure - 5.

POLICY ON DIRECTORS'' APPOINTMENT AND POLICY ON REMUNERATION :

Pursuant to the requirements of Section 134 and 178 of the Companies Act, 2013, the policy on appointment of Board Members and policy on remuneration of the Directors, KMPs and Senior Management is attached as per Annexure - 6.

NUMBER OF BOARD MEETINGS OF THE BOARD:

The Board of Directors, during the year 2017-2018 duly met 6times in respect of which meetings, proper notices were given and the proceedings were properly recorded and signed in the Minutes Book maintained for the purpose.

CORPORATE GOVERNANCE:

Since the Company'' securities are listed on SME Exchange of BSE, by virtue of Regulation 15 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the compliance with the corporate governance provisions as specified in regulations 17 to 27 and clauses (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 does not form part of this Directors'' Report.

CODE OF CONDUCT:

The Company has adopted Code of Conduct ("the Code/s") for its Directors, Independent Directors, Senior Management and employees. These Codes enunciate the underlying principles governing the conduct of the Company''s business and seek to reiterate the fundamental precept that good governance must and would always be an integral part of the Company''s ethos. The Company has for the year under review, received declarations under the Codes from the Board members including Independent Directors of the Company affirming compliance with the respective Codes.

INTERNAL FINANCIAL CONTROL AND ITS ADEQUACY:

The Company has adopted an internal control system considering the nature of its business and the size and complexity of operations. The Board has adopted the policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company''s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparation of reliable financial disclosures etc.

Systems and procedures are periodically reviewed to keep pace with the growing size and complexity of your company''s operations.

The internal auditor assesses opportunities for improvement of business processes, systems and controls, to provide recommendations, which can add value to the organization.

RISK MANAGEMENT POLICY:

Your company has developed and implemented a Risk Management Policy pursuant to Section 134(3)(n)of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014, which includes identification of elements of risk, if any, which in the opinion of the Board, may threaten the existence of the Company.

The risk management process is designed to safeguard the organisation from various risks through adequate and timely action. It is designed to anticipate, evaluate and mitigate risks in order to minimise its impact on the business. The risk management framework of the Company is appropriate compared to the size of the Company and the environment under which the Company operates.

At present, in the opinion of the Board there is no identification of Risk element that may threaten the existence of the Company.

HUMAN RESOURCES:

Your Company lays a lot of emphasis in the training and development of skills of human resources. The Employer relations with staff throughout the year continued to remain cordial.

VIGIL MECHANISM:

The Company has established a vigil mechanism system by adopting Whistle Blower Policy. The same is available on the Company''s website www.shreeshay.com.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings and out go stipulated under Sectionl34 (3)(m) of the Companies Act, 2013 read with Rule, 8 of The Companies(Accounts) Rules, 2014, are enumerated as below:

Conservation of Energy:

1. The steps taken or impact on conservation of energy:-

The Company has taken measures and applied strict control system to monitor day to day power consumption, to endeavour to ensure the optimal use of energy with minimum extent possible wastage as far as possible. The day to day consumption is monitored and various ways and means are adopted to reduce the power consumption in an effort to save energy.

2. The steps taken by the company for utilizing alternate sources of energy.

The Company has not taken any step for utilizing alternate sources of energy.

3. The capital investment on energy conservation equipments.

The Company has not made any capital investment on energy conservation equipments.

Technology Absorption:

The Company has not imported any technology and hence there is nothing to be reported here.

Foreign Exchange Earning and Outgo:

The details of Foreign exchange Earnings and outgo during the year are as follows:

Particulars	2017-2018	2016-2017
Foreign Exchange Earnings (Rs.)	NIL	NIL
Foreign Exchange Outgo (Rs.)	NIL	NIL

INDUSTRIAL RELATIONS:

The Company''s Industrial relations with its employees continued to be cordial throughout the year under review. Your Directors wish to place on record their appreciation for the excellent team work with which the workers and officers of the Company at all levels have contributed individually and collectively to the performance of the Company.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL) ACT, 2013:

The Company has not received any complaint under The Sexual Harassment of Women at Workplace(Prevention, Prohibition and Redressal) Act, 2013.

CERTIFICATION FROM CHIEF FINANCIAL OFFICER /CHIEF EXECUTIVE OFFICER OF THE COMPANY:

The Company has obtained a compliance certificate in accordance with Regulation 17(8) of listing Regulations from Mr. Nityanand Tirlotkar, Chief Financial Officer Director of the Company. The same forms a part of this Annual Report.

ACKNOWLEDGEMENT:

Your Directors wish to place on record their sincere appreciation for the excellent assistance and cooperation received from the Governmental authorities, the banks and financial institutions, customers, vendors, workers, officers, staff and investors for their continued support during the year.

	For and behalf of the Board
	For Shreeshay Engineers Limited
	Kishore Patel	Bhogin Patel
	Managing Director	Director
	00990345	01319739
Date : 03rd September, 2018
Place : Mumbai