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not delisted any of its equity shares during the financial year).
(ix) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 (Not Applicable as the Company has not bought back any of the securities during the financial year).
3. We have relied on the representation made by the Company and its Officers for systems and mechanism formed by the Company for compliances under other applicable Acts, Laws and Regulations as applicable to the Company.
4. TheCompanyhascompliedwithfollowingspecific laws to the extent applicable to the Company:
a) The Real Estate (Regulation and Development) Act, 2016.
b) Transfer of Property Act, 1882.
c) The Land Acquisition Act, 1894.
d) The Contract Labour (Regulation and Abolition) Act, 1970.
e) The Indian Easements Act, 1882.
f) The Indian Contract Act, 1872.
g) The Gujarat Town Planning and Urban Development Act, 1976.
h) Gujarat Development Control Regulations Act, 2011 and Karnataka Municipalities Model Building Bye Laws, 2017 and Maharashtra Ownership Flats (Regulations of the Promotion of Construction, Sale, Management and Transfer) Act, 1963, as amended from time to time.
i) The Environment (Protection) Act, 1986.
j) The Gujarat Land Revenue Code, 1879.
k) The Gujarat Tenancy & Agricultural Lands Act, 1948.
l) The Indian Registration Act, 1908.
m) The Specific Relief Act, 1963.
n) The Indian Stamp Act, 1899.
o) The Gujarat Stamp Act, 1958.
p) The Gujarat Ownership Flats Act, 1973.
q) The Building and Other Construction Workers’ (Regulation of Employment and Conditions of Services) Act, 1996.
Date: May 06, 2024 Place: Ahmedabad
Corporate Overview
Statutory Reports
Financial Statements
r) The Building and Other Construction Worker’s Welfare Cess Act, 1996.
s) The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996.
t) Goods and Service Tax Act.
u) Employees Provident Fund and Miscellaneous Provisions Act, 1952.
v) Employees State Insurance Act, 1961 and Rules made there under.
5. We have also examined compliance with the applicable clauses of Secretarial Standards issued by The Institute of Company Secretaries of India and The Listing Agreements entered by the Company with BSE Limited and National Stock Exchange of India Limited.
During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.
We further report that
The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors including woman Director. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act. Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.
Majority decision is carried through while the dissenting members’ views are captured and recorded as part of the minutes.
We further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
We further report that during the audit period there were no specific events / actions having a major bearing on the company’s affairs.
For, N. V. KATHIRIA & ASSOCIATES Company Secretaries
N. V. KATHIRIA
PROPRIETOR
FCS 4573 COP 3278 PR Cert. No. 1085/2021 (UDIN: F004573F000314058)
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