Dear Shareholders,
The Directors have pleasure in presenting the thirty eight Annual
Report on the business and operations of the Company together with Audited Financial
Statements for the year ended 31st March, 2022
FINANCIAL SUMMARY/RESULTS
The working Results of the Company are briefly given below:
|
Current Year |
Previous Year |
|
(Rs In Lakh) |
(Rs In Lakh) |
| Sales & Other Income |
19095.20 |
7,517.83 |
| Profit before Interest & Depreciation etc. |
2620.59 |
1,712.67 |
| Less: |
|
|
| - Finance Cost |
543.72 |
848.26 |
|
364.66 |
135.77 |
| - Depreciation and Amortization |
908.38 |
984.03 |
| Profit/(Loss) before Tax |
1712.21 |
728.64 |
| Less: Tax Expenses |
|
|
| Current Tax |
659.98 |
174.70 |
| Deferred Tax |
51.29 |
(152.81) |
| Profit / (Loss) after Tax |
1000.94 |
706.75 |
| Add: Other Comprehensive Income |
9.56 |
(8.74) |
| Add: Surplus Profit Brought |
|
|
| Forward from previous year |
328.79 |
(369.22) |
| Profit available for Appropriation |
1339.29 |
328.79 |
| Less: Payment of dividend on equity shares |
36.92 |
- |
| Closing Balance of Surplus Profit |
1302.37 |
328.79 |
The Company has adopted Indian Accounting Standards ("IND
AS") from April 1, 2017 and accordingly the financial statements have been prepared
in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (IND AS)
prepared under Section 133 of the Companies Act, 2013. The date of transition to IND AS is
April 1, 2016.
DIVIDEND
In order to conserve the resources of the Company, your Directors
decided not to recommend any dividend for the year ended 31st March, 2022.
(Previous year 5%)
OTHER EQUITY
Other Equity at the beginning of the year was Rs 9206.22 lakhs. Other
Equity at the end of year i.e. 31st March, 2022, is Rs. 10179.93 Lakhs.
REVIEW OF OPERATIONS / STATE OF COMPANY?S AFFAIR
During the year under review profit before Tax is at Rs. 1712.21 lakhs
as against last year?s profit before tax Rs. 728.64 lakhs. The sales and other income
is 19095.20 lakhs as against previous year 7517.23 lakhs. Profit after tax at the end of
the current year is Rs. 1000.94 lakhs. Other Equity stood at Rs. 10179.93 lakhs as at 31st
march, 2022.
The operational performance of the Company has been comprehensively
discussed in the Management Discussion and Analysis Report and the same forms part of this
Directors? Report.
IMPACT OF COVID-19 PANDEMIC
COVID-19 Pandemic has caused unprecedented economic disruption globally
and in India. The Company is sensitive about the impact of the Pandemic, not only on the
human life but also on business operation. The extent to which the COVID-19 pandemic will
impact the Company?s result will depend on future developments which are highly
uncertain. The Company has taken proactive measures to comply with various directions /
regulations / guidelines issued by government and local bodies to ensure safety of
workforce across all its offices and sites. Government of NCT of Delhi imposed lockdown in
the state on 19th April, 2021 to 7th June, 2021 and again from 12th
January, 2022 to 23rd January, 2022. The Company has made initial assessment of
the likely adverse impact on economic environment in general and other operational and
financial risks on account of COVID-19. Though there has been a sharp decrease in demand
arising from lockdown measures announced by government, the Company is continuously
monitoring the progress and hopes the market to improve in near future.
ISO 9001:2008 CERTIFICATION
We have immense pleasure to inform all of you that your Company has
been awarded ISO 9001:2008 certification on 25th may, 2011.
ISO is a powerful set of statistical and management tool that can
create dramatic increase in systematic productivity, customers satisfaction and
shareholders? value. Your Company continues to adhere to its true spirit, along with
the system and procedures laid down in its "QUALITY MANUAL"
CORPORATE GOVERNANCE
Corporate governance refers to the accountability of the Board of
directors to all stakeholders of the Company i.e. shareholders, employees, suppliers,
customers and society at large towards giving the Company a fair, efficient and
transparent administration. To accomplish this goal we constantly follow the principles of
‘Transparency? the quality of disclosure which enables one to understand the
truth easily; ‘Accountability? means the responsibility to explain the results
of decisions taken in the interest of Company; Independence? on part of top
management to take all corporate decisions on business prudence.
The requisite certificate from Independent Auditors M/s I. P Pasricha
& Co., Chartered Accountants, confirming the compliance of the provisions of the
corporate governance as stipulated in SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015, is attached to the report on Corporate Governance along
with Management?s Discussion and Analysis Report which forms an integral part of the
Annual Report.
LISTING
The Equity shares of the Company are listed at Bombay Stock Exchange
Limited (BSE). The Company has paid Listing Fee to the said exchange up to the financial
year 2022-23.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
In compliance with the provisions of Section 135 of the Companies Act,
2013, the Board of Directors has constituted a Corporate Social Responsibility (CSR)
Committee headed by Shri Subahsh Verma as Chairman with Shri Gopal Ansal and Smt. Suman
Dahiya as members. Smt. Suman Dahiya, Independent Director, was appointed as a member of
CSR committee on 30th May, 2019. Shri Ajay Kumar Pandita, CSR Incharge, looks
after the day to day operation of CSR activities of the Company as approved by CSR
Committee.
The Corporate Social Responsibility Committee has formulated and
recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) indicating
the activities to be undertaken by the Company, which has been approved by the Board.
The CSR Policy may be accessed on the Company?s website at the
link: http://www.ansalabl.com/pdfs/
Corporate-Social-Responsibility-CSR-Committee-and-its-Policy-12318.pdf
During the period under review the Company has identified two core
areas of engagement; Rural Development and Health. The Company would / may also undertake
other need based initiatives in compliance with schedule VII to the Act.
The Company is supporting various CSR programs through implementing
agency ‘Gyan Bharti Trust?, ‘Rotary club of Gurgaon South City Community
Service Society (Regd.)? and Savera Association.
The average net profit of the Company, computed as per Section 198 of
the Companies Act, 2013, during three immediately preceding financial years is Rs. 36.62
lakhs. Prescribed CSR expenditure i.e. 2% of above comes to Rs. 0.73 lakhs. Therefore the
Company is required to spend Rs. 0.73 lakhs on CSR for the financial year 2021-22.
Since it was not required to spend any amount on CSR for the last two
years viz 2019-20 & 2020-21, Company does not have any amount unspent for previous
years. Annual report on CSR is attached as Annexure ‘A?.
SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES
During the year under review, Company has acquired balance 50% of
equity shares of one of its Joint venture Company M/s Ansal Crown Infrabuild Pvt. Ltd
making it a wholly owned subsidiary in order to have better and effective control over the
affairs of Company. M/s Ansal Buildwell Limited is under process of pledging 22,99,999
equity shares i.e. 100% shareholding of its wholly owned subsidiary M/s Ansal Crown
Infrabuild Pvt. Ltd. in favour of IDBI i.e. debenture trustee, to secure 470
Non-convertible debenture of Rs 10 Lakh each aggregating Rs. 47,00,00,000/-, to be issued
by M/s Ansal Crown Infrabuild Pvt. Ltd. to Swamih Investment Fund - I
The Company already has 100% shareholding of its five non listed Indian
wholly owned subsidiary companies i.e. M/s Ansal Real Estate Developers Pvt. Ltd., M/s
Lancers Resorts & Tours Pvt. Ltd., M/s Potent Housing and Construction Pvt. Ltd., M/s
Sabina Park Resorts and Marketing Pvt. Ltd. and M/s Triveni Apartments Pvt. Ltd. These
subsidiary companies do not fall under the category of ‘Material subsidiary
company? under Regulation 16(1)(c) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Besides the above, the Company has four joint venture companies viz.
M/s JKD Pearl Developers Pvt. Ltd., M/s Incredible Real Estate Pvt. Ltd., M/s Southern
Buildmart Pvt. Ltd., and M/s Sunmoon Buildmart Pvt. Ltd. The Company has also one
Associate Company viz. Aadharshila Towers Pvt. Ltd.
The Annual Accounts of the subsidiaries and detailed information are
kept at the registered office of the Company and available to investors seeking
information during business hours of the Company. The financial statements of the
subsidiaries companies are also uploaded at company?s web-site www.ansalabl.com.
Pursuant to first proviso to Section 129(3) of the Companies Act, 2013
read with rule 5 of Companies (Accounts) Rules, 2014, a report on the performance and
financial position of each of the subsidiaries, associates and joint venture companies is
provided in Form AOC-1 attached to the Financial Statement of the Company and hence not
repeated here for the sake of brevity.
CONSOLIDATED FINANCIAL STATEMENT
The consolidated financial statement of the Company, its subsidiaries,
associates and joint venture companies, prepared in accordance with accounting principles
generally accepted in India, including accounting standards specified under Section 133 of
the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014, form
part of the Annual Report and are reflected in the consolidated financial statement of the
Company.
DEPOSITORY SYSTEM
Pursuant to the directions of the Securities and Exchange Board of
India (SEBI) effective from 26th March, 2001 trading in the Company?s
shares in dematerialization form has been made compulsory for all investors.
Dematerialization form of trading would facilitate quick transfer and save stamp duty on
transfer of shares. Members are free to keep the shares in physical form or to hold the
shares with a "DEPOSITORY PARTICIPANT" in demat form. However, from April 1,
2019, no shares in physical form can be lodged for transfer and only shares in
dematerialized form will be transferred. For this purpose the Company has appointed M/s
Link Intime India Pvt. Ltd. as Registrar and Share Transfer Agent (RTA) of the Company.
The specific ISIN No. allotted to the Company by NSDL and CDSL is INE030C01015.
DEPOSITS
The Company has not accepted any public deposit during the financial
year under review.
TRANSFER OF UNCLAIMED DIVIDEND / DEPOSIT TO IEPF
As per provision of Section 124 and 125 of the Companies Act, 2013,
dividend, deposit etc remaining unclaimed for a period of seven years from the date they
become due for payment have to be transferred to Investor Education and Protection Fund
(IEPF) established by the Central Government.
During the year under review, unclaimed dividend of Rs. 5,50,516/- for
the year 2013-14 were due for transfer to the said IEPF and the Company had transferred
said unclaimed dividend of Rs. 5,50,516/- to the said IEPF, in time.
AUDITORS AND AUDITORS? REPORT Independent Auditors
Pursuant to provisions of Section 139, 142 and other applicable
provisions of the Companies Act 2013 read with the Companies (Audit and Auditors) Rules,
2014 the Company had appointed M/s I. P Pasricha & Company, Chartered Accountants
(Firm Registration No. 000120N) as Independent Auditors of the Company in its EGM held on
Friday the 8th December, 2017, to hold office for a term of 5 consecutive years
from 27th September, 2017 till the conclusion of the 38th Annual
General Meeting subject to ratification of their appointment by the members annually at a
remuneration to be decided annually by the Board of Directors of the Company. Accordingly,
the period of office of M/s I. P Pasricha & company, Chartered Accountants, the
present Independent Auditor, will expire at the conclusion of 38th Annual
General Meeting therefore the Board of Directors and Audit Committee in their meeting held
on 30th May, 2022 recommended the name of M/s I. P Pasricha & company,
Chartered Accountants (Firm Registration No. 000120N) for their re-appointment as
Independent Auditors of the Company for another period of 5 years i.e. from the conclusion
of this Annual General Meeting to the conclusion of 43rd Annual General
Meeting. M/s I. P Pasricha & Company have submitted a certificate confirming that
their appointment, if made, will be in accordance with Section 139 read with Section 141
of the Companies Act, 2013.
The notes on financial statement referred to in Auditors? Report
are self-explanatory and do not call for any further comments. The Auditors commented in
their report that the Company has delayed in repayment of dues to financial institutions
and Banks, as mentioned in para (ix) of Annexure ‘A? to the Auditors?
Report. The Company is taking appropriate action that there should not be any delay as
such in future.
Internal Auditors
The Board of Directors of your Company has appointed M/s Shailender K.
Bajaj & Co. Chartered Accountants, (Firm Registration No. 12491N) as Internal Auditors
pursuant to the provisions of Section 138 of the Companies Act, 2013. The Audit Committee
take into consideration observation and corrective actions suggested by the Internal
Auditors.
Secretarial Auditors
Pursuant to provision of section 204 of the Companies Act, 2013 and the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of
directors of the Company had appointed M/s Mahesh Gupta & Company, a firm of Company
Secretaries in Practice, (C.P. No. 1999), to undertake the secretarial audit of the
Company for the year ended 31st March, 2022. The Secretarial Audit Report given
by M/s Mahesh Gupta & Company is annexed herewith as Annexure -‘B? There
is no qualification, reservation or significant adverse remark made by Secretarial
Auditors of the Company in their report for the financial year 2021-2022, except an
instance where the Company had submitted Annual Secretarial Compliance Report to Stock
Exchange after expiry of prescribed period on 14th July, 2021. Directors noted
their observation to take care of it in future.
During the year under review, the Company has compiled well with
applicable secretarial standards issued by Institute of Company Secretaries of India
(ICSI).
Cost Auditors
Pursuant to the Companies (Cost Records and Audit) Rules, 2014
prescribed by the Central Government under Section 148 of the Companies Act, 2013,
prescribed cost accounts and cost records have been maintained for the year 2021-22. For
the financial year 2022-23, the Board of Directors of the Company has appointed M/s.
Gaurav Kumar & Company (Firm Registration No. 101428), as cost auditors of the
Company.
DIRECTORS
(A) Change in Directors and Key Managerial Personnel
On 29th March, 2022 Shri Gopal Ansal has vacated from his
position of Chairman cum Managing Director of the Company, however he remain continue as
director of the Company. Shri Shobhit Charla has been appointed as Additional Director and
Whole time Director of the Company w.e.f. 29th March, 2022.
The Company sought the approval of shareholders by way of passing the
Ordinary Resolutions for the appointment of Mr. Shobhit Charla as Director and whole time
director of the Company through the notice of Postal Ballot issued on 29th
March, 2022. Accordingly the shareholders have given their approval through e-voting and
passed the above Ordinary Resolutions with requisite majority.
In accordance with provision of Section 152 of the Companies Act, 2013
and Articles of Association of the Company Shri Gopal Ansal Director (DIN: 00014172) of
the Company retires by rotation and being eligible offers himself for reappointment.
(B) Declaration by Independent Directors
Shri Subhash Verma, and Smt. Suman Dahiya, Independent directors of the
Company have given a Declaration that they meet the criteria of Independence as laid down
under sub Section (6) of Section 149 of the Companies Act, 2013 and Regulation 16(1)(b) of
the listing regulation.
(C) Formal Annual Evaluation
Pursuant to the Provisions of the Companies Act, 2013 and SEBI (Listing
Obligations and Disclosure Requirements) Regulation, 2015 the Board has carried out an
Annual Evaluation of its own performance, that of its Committee and the Directors
individually. Nomination and Remuneration Committee has prescribed the criteria for
performance evaluation of Board, its committees and individual directors.
Directors were evaluated on various aspects, including inter alia
active participation, specialization on subject and expressing views, dissemination of
information and explanation or response on various queries in the meeting.
The performance evaluation of Non-Independent Directors, Chairman cum
Managing Director and the Board as a whole was carried out by Independent Directors. The
performance evaluation of Independent Directors was carried out by the entire Board,
excluding Directors being evaluated.
(D) Remuneration Policy
The Company has adopted a Policy for "Appointment and Remuneration
of Key Managerial Personnel and whole time Directors and Independent Directors and other
Senior Employees" pursuant to provisions of the Act and listing regulations as
follows;
(a) The level and composition of remuneration is reasonable and
sufficient to attract, retain and motivate directors of the quality required to run the
Company successfully.
(b) Relationship of remuneration to performance is clear and meets
appropriate performance benchmarks; and
(c) Remuneration to directors, key managerial personnel and senior
management involves a balance between fixed and incentive to the working of the Company
and its goals.
(E) Familiarisation Programmes of Independent Directors
The details of programmes for familiarization of Independent Directors
with the Company, their roles, rights, responsibilities in the Company, nature of the
industry in which the Company operates, business model of the Company and related matters
are put up on the website of the Company at the link: http: //
wwwansalabl.com/pdfs/Familiarisation-Programme.-for-the.-Inde.pendent-Dire.ctors.pdf
(F) DIRECTORS? RESPONSIBILITY STATEMENT
As stipulated in Section 134(3)(c) and 134(5) of the Companies Act,
2013, your Directors to the best of their knowledge and ability, confirm that:
(i) in the preparation of the Annual Accounts, the applicable
accounting standards have been followed and that there are no 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 & Loss 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 the Act for safeguarding
the assets of the Company and for preventing and detecting fraud and other irregularities;
(iv) they have prepared the annual accounts on a going concern basis;
(v) they have laid down internal financial controls to be followed by
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 are adequate and operating
effectively.
DISCLOSURES UNDER COMPANIES ACT, 2013
Composition of Audit Committee
The Board has re-constituted an Audit Committee with Shri Subhash Verma
as Chairman, Smt. Suman Dahiya, Independent Director, and Shri Gopal Ansal, Director, as
members. There have been no instances during the year when recommendations of the Audit
Committee were not accepted by the Board.
Vigil Mechanism for directors and employees
The Company has established a vigil mechanism for directors and
employees to report their genuine concerns and grievances. Under this mechanism a
"Whistle Blower Policy" has been formulated to provide an opportunity to
directors and employees an avenue to raise their concerns and grievance, to access in good
faith the Audit committee to the highest possible standard of ethical, moral and legal
business conduct. The policy also provides adequate safeguards against victimization of
directors and employees who avail the vigil mechanism. The "Whistle Blower
policy" as approved by the Board of Directors was uploaded on the Company?s
website wwwansalahl.com at weblink http://wwwansalahl.com/pdfs/Whistle.-Blower-Policy.pdf
Board and Committee Meetings
Notes of Board and Committee Meetings held during the year was
circulated in advance to the Directors. During the year under review, five Board Meetings
and four Audit Committee Meetings were convened and held. There have been no instances
during the year when recommendations of the Audit Committee were not accepted by the
Board.
Details of the composition of the Board and its Committees and of the
meetings held and attendance of the Directors at such meetings are provided in the
Corporate Governance Report. The intervening gap between the meetings was within the
period prescribed under the Act and the Listing Regulations.
Particulars of Loans, Guarantees and Investments
Details of loan, Guarantees and Investment covered under the Provisions
of Section 186 of the Companies Act, 2013, are given in the accompanying Financial
Statements. Your Directors draw your kind attention to notes of standalone financial
statements for details.
Extract of the Annual Return
Requirement of attaching Form No. MGT-9 for the extract of Annual
Return under section 92(3) of the Companies Act, 2013 read with Rule 12 of Companies
(Management and Administration) Rules, 2014 has been withdrawn vide Companies (Amendment)
Act, 2017. Pursuant to the amendment of Section 134(3)(a) and Section 92(3) of the
Companies Act, 2013 read with Rule 12 of Companies (Management and Administration) Rules,
2014, the Annual Return is available on the Company?s website www.ansalahl.com
Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo
The particulars as required under clause (m) of sub-section 3 of
Section 134 of the companies Act, 2013 read with Rule 8(3) of Companies (Accounts) Rules,
2014, are set out as under:
| (A) Conservation of energy- |
|
| (i) the steps taken or impact on conservation of energy; |
Nil |
| (ii) the steps taken by the Company for utilizing alternate
sources of energy; |
Nil |
| (iii) the capital investment on energy conservation; |
Nil |
| (B) Technology absorption- |
|
| (i) the efforts made towards technology absorption; |
Nil |
| (ii) the benefits derived like product improvement, cost
reduction, product development or import substitution; |
Nil |
| (iii) In case of imported technology: |
|
| (a) The details of technology imported |
N/A |
| (b) The year of import |
N/A |
| (c) Whether the technology been fully absorbed |
N/A |
| (d) if not fully absorbed, areas where absorption has not
taken place, and the reasons thereof; and |
NA |
| (iv) the expenditure incurred on Research and Development. |
Nil |
| (C) Foreign exchange earnings and outgo- |
|
| The particulars relating to Foreign Exchange earnings and
Outgo during the period are: |
|
| Foreign Exchange Earning |
Nil |
| Foreign Exchange Outgo |
Nil |
PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES
Disclosures required under the Provisions of Section 197(12) of the
Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 are annexed as Annexure -‘C?
Disclosures pertaining to remuneration and other details as required
under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) and 5(3) of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed
as Annexure - ‘D?
RISK MANAGEMENT POLICY
In order to timely anticipate, identify, analyse and then manage
threats that could severely impact or bring down the organization, Company has developed a
"Risk Management Policy". The Policy has been placed before the Board and
approved by the Board of Directors. During the year under review no element of risk except
COVID-19 pandemic and its after effects has been identified which, in the opinion of
Board, may threaten the existence of the Company. The policy has been uploaded on
Company?s web-site www.ansalabl. com at weblink:
http://wwwansalabl.com/pdfs/Risk-Management-policy.pdfs
INTERNAL FINANCIAL CONTROL
The Board of directors of the Company had discussed in their meeting
about the effectiveness and appropriateness of a sound Internal Financial Control System
already established in the Company. They also discussed the strength and weakness of the
system. They also discussed the various suggestions recommended by the audit committee
with the internal auditors. Internal audit department provide an annual overall assessment
of the robustness of the Internal Financial control System in the Company.
CONTRACTS AND ARRANGEMENTS WITH RELATED PARTIES
All Related Party Transactions that were entered into during the
financial year were on an arm?s length basis, in the ordinary course of business and
were in compliance with the applicable provisions of the Act and the Listing Regulations.
There were no material significant Related Party Transactions made by the Company during
the year that would have required Shareholder?s approval under Listing Regulations.
All Related Party Transactions are placed before the Audit Committee
for approval. Omnibus approval of the Audit Committee is obtained for the transactions
which are repetitive in nature. A statement of all Related Party Transactions is placed
before the Audit Committee for its review on a quarterly basis.
Disclosure as required by the Indian Accounting Standard (IND AS-24)
has been made in notes to the financial statement. Your Directors draw attention of the
members to Note 38 to the standalone financial statement which sets out related party
disclosures.
MATERIAL CHANGE AND COMMITMENTS
No changes, affecting the financial position of the Company, have
occurred between the end of financial year on 31st March, 2022 and the date of
this report.
GENERAL
Your Directors state that no disclosure or reporting is required in
respect of the following items as there were no incidence / transactions on these items
during the year under review:
1. Issue of equity shares with differential rights as to dividend,
voting or otherwise.
2. Issue of shares (including sweat equity shares) to employees of the
Company under any scheme.
3. Neither the Managing Director nor the whole-time Director of the
Company receives any remuneration or commission from any of its subsidiaries.
4. No significant material orders have been passed by the Regulators or
Courts or Tribunals which would impact the going concern status of the Company and its
future operations.
5. That the Company has complied with provisions relating to the
constitution of internal complaints committee under the Sexual Harassment of Women at Work
Place (Provision, Prohibition and Redressal) Act, 2013. During the year under review,
there were no cases filed pursuant to the Sexual Harassment of Women at workplace
(Prevention, Prohibition and Redressal) Act, 2013.
6. There is no change in the nature of business of the Company during
the year under review
7. The Company had taken necessary steps for Haryana State Pollution
control Board.
ACKNOWLEDGEMENT
We wish to convey our sincere thanks to various agencies of the Central
Government, State Governments, Banks and Business Associations for their co-operation to
the Company. We also wish to place on record our deep sense of appreciation for the
committed services by the Company?s executives, staff and workers.
|
For and on Behalf of the Board ANSAL BUILD WELL LTD. |
|
SUBHASH VERMA |
| Place : New Delhi |
Chairman |
| Date : 30th May, 2022 |
DIN:00017439 |
