35 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports I 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 mentioned hereinabove. I further report that during the audit period of the Company there were no specific events | actions having a major bearing on the Company’s affairs in pursuance of the above referred laws, rules, regulations, guidelines, standards, etc except the following: • During the year under review, the Company has Increased authorised share capital from ` 52,00,00,000 (rupees fifty two crores) divided into 1,00,00,000 (one crore) equity shares of ` 10 each and 4,20,00,000 (four crores twenty lakh) non-cumulative redeemable preference shares of ` 10 each to ` 57,00,00,000 (rupees fifty seven crores) divided into 1,00,00,000 (one crore) equity shares of ` 10 each and 4,70,00,000 (four crores and seventy lakh) non-cumulative redeemable preference shares of ` 10 each by passing the necessary resolution at the Annual General Meeting of the Company held on August 23, 2024; • During the year under review, the Company increased the paid up share capital by way of allotment in the Allotment Committee meeting held on September 13, 2024, for 25,00,000 10% non-cumulative redeemable preference shares of ` 10 each to the holding company, Amal Ltd through preferential allotment process; CS Jitendra Leeya Practicing Company Secretary Membership number: A 31232 Certificate of practice number: 14503 Date: April 17, 2025 UDIN: A031232G000140825 Place: Ahmedabad Peer review certificate number: 2089 | 2022 Note: This report is to be read with my letter of even date which is annexed as Annexure A and forms an integral part of this report.
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