SHREE MANUFACTURING COMPANY LIMITED

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Registered Office: Suite# 712, Prasad Chambers Opera House, Mumbai, 400004 Email: [email protected] Website: www.smcl.in; Phone: 022-66631999 CIN: L36999MH1976PLC286340

Date: 04/09/2021

To The Manager Department of Corporate Services BSE Ltd. Dalal Street, Fort Mumbai – 400 001

Sub. :- Notice of Annual General Meeting and Annual Report for FY 2020-2021 Ref. :- Scrip Code – 503863

Dear Sir / Madam,

With regards to the captioned subject find enclosed herewith Notice of the 44[th] Annual General Meeting and Annual Report for the FY 2020-2021 of Shree Manufacturing Company Limited to be held on 27/09/2021 at 11.30 AM at Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004.

Kindly take the same on your records.

Thanking you,

Yours faithfully,

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Encl: as above

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SHREE MANUFACTURING COMPANY LIMITED

44[th] ANNUAL REPORT (2020-2021)

Annual Report 2020-2021

BOARD OF DIRECTORS & KMP

Mr. Vishal Dedhia Whole Time Director & CEO Mr. Samirkumar Sampat Independent Director Ms. Hetal Dave Independent Director Mr. Pankaj Jaiswal Company Secretary & Compliance Officer

REGISTERED OFFICE

Address: Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004 Email : [email protected] Website: www.smcl.in

AUDITORS

LAXMI TRIPTI & ASSOCIATES

Chartered Accountant

FRN: 009189C

Add: 32 Haji Ali Government Colony, Building no 3, Mumbai 400034 Tel: + 91 9769033394

Email: [email protected]

REGISTRAR & SHARE TRANSFER

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED

Add: Unit No. 9, Shiv Shakti Ind. Estate

Lower Parel (East), Mumbai – 400 011

Tel: 022-23016761/8251

Fax: 022-23012517

Email: [email protected] Web: www.purvashare.com

ANNUAL GENERAL MEETING

Day	Day	Monday	Monday
Date		27thSeptember, 2021
Venue		Suite# 712, Prasad Chambers, Opera House, Mumbai-400004
Time		11.30AM
INDEX
Sr. No.		Particulars	Pg. No.
1.		Notice	2
2.		Directors’ Report	9
	i.	MGT –9	14
	ii.	MR-3	21
3.		Management Discussion and Analysis Report	25
4.		CEO and CFO Certification	26
5.		Independent Auditors Report	27
	i.	Balance sheet	33
	ii.	Statement of Profit andLossAccount	34
	iii.	Cash FlowStatement	35
	iv.	Notes to the Financial Statement	36
6.		Proxy Form	42
7.		Attendance Slip	43

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Annual Report 2020-2021

SHREE MANUFACTURING COMPANY LIMITED

CIN : L36999MH1976PLC286340 Regd. Off.: Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004 Tel: 022-66631999, Email: [email protected]

NOTICE TO THE MEMBERS

NOTICE is hereby given that the 44[th] Annual General Meeting of the Members of SHREE MANUFACTURING COMPANY LIMITED will be held on Monday, 27[th] day, of September, 2021 at 11.30 AM at Suite# 712, Prasad Chambers, Opera House, Mumbai - 400004 to transact the following business:

ORDINARY BUSINESS

To receive, consider and adopt the Audited Balance Sheet as at 31[st] March 2021, the Profit and Loss Account for the year ended on that date and the Reports of the Directors and Auditors thereon.
To appoint Director in place of Mr. Vishal Dedhia (DIN 00728370) who retires by rotation and, being eligible, offers himself for re-appointment.

SPECIAL BUSINESS

To appoint and fix remuneration of Mr. Vishal Dedhia (DIN: 00728370) as Whole-time Director as per Companies Act, 2013 To consider and, if thought fit, to pass, with or without modifications, the following resolution as Special Resolution:

“RESOLVED THAT subject to the provisions of Sections 196, 197 and all other applicable provisions of the Companies Act, 2013 (“the Act”) (including any statutory modification or re-enactment thereof for the time being in force) read with Schedule V of the Act and Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and Articles of Association of the Company and subject to such approvals, permissions and sanctions, as may be required, approval of the Company be and is hereby accorded to the re-appointment and remuneration to Mr. Vishal Dedhia (DIN: 00728370) as Whole-time Director of the Company under the Companies Act, 2013 for a period of three years with effect from 01[st] September, 2021 to 31st August, 2024 (both days inclusive), on terms and conditions including remuneration as set out in the Statement annexed to the Notice convening this Meeting, with liberty to the Board of Directors (hereinafter referred to the “Board” which term shall be deemed to include the Nomination and Remuneration Committee of the Board) to alter and vary the terms and conditions of the said reappointment and /or remuneration as it may deem fit and as may be acceptable to Mr. Vishal Dedhia, subject to the same not exceeding the limits specified under Schedule V of the Companies Act, 2013 or any statutory modification(s) or re-enactments thereof.”

“RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution without being required to seek any further consent or approval of the members or otherwise to the end and intent that it shall be deemed to have their approval thereto expressly by the authority of this resolution.”

By Order of the Board of Directors Vishal Dedhia Whole-time Director DIN: 00728370

Place: Mumbai Date: 30[th] August, 2021

Registered Office: Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004

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Annual Report 2020-2021

NOTES

Members attending Annual General Meeting at the Venue are required to take proper precautions for attending a meeting considering COVID-19 pandemic situation.
A statement giving the relevant details of the Director seeking re-appointment under Item No. 2 and 3 of the accompanying Notice.
The relevant Statement pursuant to section 102 (1) of the Companies Act, 2013, in respect of Special Business at the meeting, is annexed hereto and forms part of this notice.
A member entitled to attend and vote is entitled to appoint a proxy to attend and vote instead of himself and the proxy need not be a member. Proxies in order to be effective must be received by the company not later than forty eight (48) hours before the meeting. Proxies submitted on behalf of limited companies, societies, etc., must be supported by appropriate resolutions/authority, as applicable.

A person can act as proxy on behalf of Members not exceeding fifty (50) and holding in the aggregate not more than 10% of the total share capital of the Company. In case a proxy is proposed to be appointed by a Member holding more than 10% of the total share capital of the Company carrying voting rights, then such proxy shall not act as a proxy for any other person or shareholder.

Members are requested to bring their attendance slips duly completed and signed mentioning therein details of their DP ID and Client ID/ Folio No.
In case of joint holders attending the Meeting, only such joint holder who is higher in the order of names will be entitled to vote at the Meeting.
Share Transfer Books of the Company will remain closed from 21[st] September, 2021 to 27[th] September, 2021 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on 27[th] September, 2021.
Relevant documents referred to in the accompanying Notice are open for inspection by the Members at the Company’s Registered Office on all working days of the Company, during business hours up to the date of the Meeting.
Corporate Members intending to send their authorized representatives to attend the Meeting pursuant to Section 113 of the Companies Act, 2013 are requested to send to the Company, a certified copy of the relevant Board Resolution together with their respective specimen signatures authorizing their representative(s) to attend and vote on their behalf at the Meeting.
Members seeking any information with regard to the Accounts are requested to write to the Company at an early date, so as to enable the Management to keep the information ready at the meeting.
The Ministry of Corporate Affairs has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies and has issued circulars stating that service of notice/documents including Annual Report can be sent by e-mail to its members. To support this green initiative of the Government in full measure, members are requested to register their e-mail addresses in respect of electronic holdings with the Depository through their concerned Depository Participants.
Members who hold shares in physical form are requested to send their e-mail address to the following: [email protected]
The Notice of the AGM along with the Annual Report 2020-2021 is being sent by electronic mode to those Members whose e-mail addresses are registered with the Company/Registrar i.e. Purva Sharegistry (I) Pvt Ltd, unless any Member has requested for a physical copy of the same. For Members who have not registered their e- mail addresses, physical copies are being sent by the permitted mode.
The Securities and Exchange Board of India (SEBI) has mandated the submission of Permanent Account Number (PAN) by every participant in the securities market. Members holding shares in electronic form are, therefore, requested to submit their PAN to the Depository Participants with whom they maintain their demat accounts. Members holding shares in physical form should submit their PAN to the Company.

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Annual Report 2020-2021

E-Voting process

In compliance with the provisions of Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management & Administration) Rules, 2014, the Company is pleased to provide members facility to exercise their voting rights at the 44[th] Annual General Meeting (AGM) by electronic means and the business may be transacted through ‘remote e-voting’ services provided by Central Depository Services (India) Ltd. (CDSL).

The instructions for shareholders voting electronically are as under:

(i) The remote e-voting period begins on 24[th] September, 2021 at 9.00 am and ends on 26[th] September, 2021 at 5.00 pm. During this period shareholders’ of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record date) of 20[th] September, 2021, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.
(ii) The shareholders should log on to the e-voting website www.evotingindia.com.
(iii) Click on Shareholders / Members.
(iv) Now Enter your User ID
- a) For CDSL: 16 digits beneficiary ID,
- b) For NSDL: 8 Character DP ID followed by 8 Digits Client ID,
  - Members holding shares in Physical Form should enter Folio Number registered with the Company.
(v) Next enter the Image Verification as displayed and Click on Login.
(vi) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.
(vii) If you are a first time user follow the steps given below: For Members holding Shares in Demat Form and Physical Form
PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable for both demat shareholders as well as physical shareholders)
Members who have not updated their PAN with the Company/Depository Participant are requested to use the first two letters of their name and the 8 digits of the sequence number in the PAN field.
In case the sequence number is less than 8 digits enter the applicable number of 0’s before the number after the first two characters of the name in CAPITAL letters.
Eg. If your name is Ramesh Kumar with sequence number 1 then enter RA00000001 in the PAN field.
Dividend Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded in your Bank demat account or in the company records in order to login.
Details  If both the details are not recorded with the depository or company please enter the
OR Date member id / folio number in the Dividend Bank details field as mentioned in
of Birth instruction (iv).
(DOB)
(viii) After entering these details appropriately, click on “SUBMIT” tab.
(ix) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.
(x) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.
(xi) Click on the EVSN for the relevant “Shree Manufacturing Company Limited” on which you choose to vote.

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Annual Report 2020-2021

(xii) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.
(xiii) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.
(xiv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.
(xv) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.
(xvi) You can also take out print of the voting done by you by clicking on “Click here to print” option on the Voting page.
(xvii) If Demat account holder has forgotten the same password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.
(xviii) Shareholders can also cast their vote using CDSL’s mobile app m-Voting available for android based mobiles. The m-Voting app can be downloaded from Google Play Store. Apple and Windows phone users can download the app from the App Store and the Windows Phone Store respectively. Please follow the instructions as prompted by the mobile app while voting on your mobile.
(xix) Note for Non – Individual Shareholders and Custodians
Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporate.
A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].
After receiving the login details a compliance user should be created using the admin login and password. The Compliance user would be able to link the account(s) for which they wish to vote on.
The list of accounts should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.
A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.
(xx) In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com, under help section or write an email to [email protected].
(xxi) Those persons, who have acquired shares and have become Members of the Company after the dispatch of Notice of the AGM by the Company and whose names appear in the Register of Members or Register of beneficial holders as on cut-off date i.e. 20[th] September, 2021 shall view the Notice of the 44[th] AGM on the Company’s website or on the website of CDSL. Such Members shall exercise their voting rights through remote e-voting by following the procedure as mentioned above or by voting at the AGM.
(xxii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the meeting venue.
(xxiii) Payal Tachak, Proprietress of M/s Payal Tachak & Associates, Practicing Company Secretary has been appointed as a Scrutinizer to scrutinize the remote e-voting and voting process at the AGM in a fair and transparent manner. E- Voting is optional to the shareholders, the shareholders can alternatively vote in the AGM by physically attending the AGM. The facility for voting, through ballot paper shall also be made available at the venue of the AGM. The members attending the meeting, who have not already cast their vote through remote e-voting shall be able to exercise their voting rights at the meeting. The members who have already cast their vote through remote e-voting may attend the meeting but shall not be entitled to cast their vote again at the AGM. A Member can opt for only one mode of voting i.e. either through e-voting or in physical form. If a Member casts his/her vote by both modes, then voting done through e-voting shall prevail and the vote by ballot shall be treated as invalid.
(xxiv) The Voting Results along with the Consolidated Scrutinizer’s report shall be placed on the Company’s website and on the website of CDSL not later than three days of conclusion of the AGM of the Company and communicated to the BSE Limited.

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Annual Report 2020-2021

STATEMENT PURSUANT TO SECTION 102 (1) OF THE COMPANIES ACT, 2013

ITEM NO. 3:

The members at the 41[st] Annual General Meeting held on 28[th] September, 2018 had approved the appointment of Mr. Vishal Dedhia as Whole-time Director of the Company, for a period of 3 years from 01[st] September, 2018 to 31[st] August, 2021 and remuneration of basic salary of Rs. 60,000 per annum for a period of 3 years from 01[st] September, 2018 to 31[st] August, 2021. The term of 3 years of Mr. Vishal Dedhia is expiring on 31st August, 2021. The Board of Directors of the Company at its Meeting held on 30[th] August, 2021 has pursuant to the recommendation of the Nomination and Remuneration Committee and subject to the approval of members, approved re-appointment and remuneration of Mr. Vishal Dedhia, as Whole-time Director under the Companies Act, 2013 for a period of 3 years from 01[st] September, 2021 to 31[st] August, 2024 (both days inclusive). The Whole-time Director shall also be a Key Managerial Personnel under Section 203 of the Companies Act, 2013.

The other terms of remuneration payable to Mr. Vishal Dedhia, Whole-time Director are set out below:

SALARY:

Basic Salary shall be Rs. 60,000/- (Rs. Sixty Thousand) per year.

PERQUISITES:

Mr. Vishal Dedhia shall not be entitled to any perquisites

COMMISSION:

Mr. Vishal Dedhia shall not be entitled to any commission

The nature of employment of the WTD with the Company shall be contractual and can be terminated by giving three months’ notice from either party. Pursuant to the provisions of Sections 196, 197 and 203 and all other applicable provisions of the Companies Act, 2013 (“the Act”), including Schedule V to the Act, the remuneration payable to the Whole-time Director is now being placed before the members in the 44[th] Annual General Meeting for their approval by way of a Special Resolution.

The following additional information as required by Section II of Part II of Schedule V to the Companies Act, 2013 is given below:

I. General Information:

(i) Nature of Industry: The Company was directly engaged in the manufacturing of textiles. But as of today the company has no factory as of today. The company is trying to revive itself by doing some trading business and eventually set up a factory some time in future and restart the manufacturing of textile business the company was doing earlier.

(ii) Date or expected date of Commencement of Commercial production: As of date is difficult to give a date but the company is trying its best to commence its manufacturing business but we hope that on best effort basis the day will come soon.

(iii) In case of new companies, expected date of commencement of activities as per project approved by financial institutions appearing in the prospectus: Not Applicable

(iv) Financial performance based on given indicators - as per audited financial results for the year ended 31[st] March 2021.

Particulars	Rs. in Lakhs
Turnover& Other Income	Nil
Net profit as per Profit & Loss Account (aftertax)	(-10,40,634.89)
Networth	(-1,77,62,375)

(v) Foreign Investment or collaborations, if any: The Company has not entered into any foreign collaborations. The Company has not made any foreign investments.

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II Information about the appointee

(i)Background Details: Mr. Vishal Dedhia, MBA having vast experience in the field of financial management.

(ii) Past remuneration: remuneration drawn by Mr. Vishal Dedhia for the period 1[st ] April 2020 to 31[st] March 2021 is Rs. 60,000/-.

(iii) Recognition or awards: None

(iv) Job profile and her suitability: Mr. Vishal Dedhia, Whole-time Director is responsible for day to day management of the Company. Taking into consideration his qualifications and expertise in Finance and Marketing, the whole-time Director is best suited for the responsibilities of current assigned role.

(v) Remuneration proposed: Basic salary of Rs. 60,000/- per annum.

(vi) Comparative remuneration profile with respect to industry, size of the company, profile of the position and person (in case of expatriates the relevant details would be with respect to the country of his origin): Taking into consideration the size of the Company, the profile of Mr. Vishal Dedhia, the responsibilities shouldered by him and the industry benchmarks, the remuneration proposed to be paid is commensurate with the remuneration packages paid to similar senior level counterpart(s) in other companies.

(vii) Pecuniary relationship directly or indirectly with the company or relationship with the managerial personnel, if any : Besides the remuneration proposed to be paid to him, Mr. Vishal Dedhia is a Designated Partner in the firm M/s. Edge Consultancy Services LLP which is the promoter of the company. Additionally, he does not have any relationship with any of the other managerial personnel.

III. Other Information

(i) Reasons for loss or inadequate profits: The company is currently going through a loss since the company is not able to explore any business opportunities either in manufacturing or trading of textiles even after its best efforts. But the expenses of day to day running of a company are always going to be there whether there is revenue or not hence the company is facing loss as of today. But we wish to change the situation soon.
(ii) Steps taken or proposed to be taken for improvement: The company is trying to explore opportunities and change the tide and ensure that the company starts making profits on best effort basis.
(iii) Expected increase in productivity and profits in measurable terms etc.: It will be difficult for the company to comment on the same as of now when there is no business at all. But we assure you that once we kick start the earning process we will be able to give forward looking forecast on all aspects.

None of the Directors/Key Managerial Personnel of the Company/their relatives are in any way, concerned or interested in the proposed resolution except Mr. Vishal Dedhia.

Your Directors recommend Resolution at Item No. 3 as a Special Resolution for approval of the members.

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Annual Report 2020-2021

ANNEXURE TO ITEM No. 2 & 3 OF THE NOTICE

Details of Director seeking re-appointment and regularization at the forthcoming Annual General Meeting

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----- Start of picture text -----

Name of the Director Mr. Vishal Dedhia
Director Identification Number (DIN) 00728370
Date of Birth 03/11/ 1982
Nationality Indian
Date of Appointment on Board 28/08/2012
Qualification B.Com, MBA
Shareholding in the Company Nil
List of Directorships held in other Companies 1. Willingdon Properties Private Ltd
(excluding foreign, and Section 8 Companies) 2. Willingdon Financial Services Private
Ltd
3. Swojas Energy Foods Ltd
Memberships / Chairmanships of Audit and
Stakeholders’ Relationship Committees across other --
Public Companies
----- End of picture text -----

There are no inter-se relationships between the Board Members.

By Order of the Board of Directors

Place: Mumbai Vishal Dedhia Date: 30[th] August, 2021 Whole-time Director DIN: 00728370

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Annual Report 2020-2021

DIRECTORS’ REPORT

To,

The Members,

Your Directors have pleasure in presenting their 44[th] Annual Report on the business and operations of the Company and the accounts for the Financial Year ended March 31, 2021.

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY

The financial statements for the year ended 31[st] March, 2021 have been restated in accordance with Ind AS for comparative information.

Financial Summary as under:

Particulars	2020-2021	2019-2020
GrossIncome	--	--
Profit / (Loss)BeforeInterest andDepreciation	-10,40,634.89	-25,23,854
GrossProfit/(Loss)	-10,40,634.89	-25,23,854
Provision for Depreciation	--	--
ExtraordinaryItem	--	--
Net Profit/(Loss) Before Tax	-10,40,634.89	-25,23,854
Provision for Tax	--	--
NetProfit/(Loss)After Tax	-10,40,634.89	-25,23,854
Balance of Profit broughtforward	--	--
Balance availableforappropriation	--	--
ProposedDividend on Equity Shares	--	--
TaxonproposedDividend	--	--
Transferto General Reserve	--	--
Surplus carried toBalance Sheet	-10,40,634.89	-25,23,854

2. DIVIDEND

Considering the present financial status of the Company, your directors do not recommend any dividend for the year under report.

3. RESERVES AND SURPLUS

The balance of Profit & Loss statement amounting to Rs. (-10,40,634.89)/-. The total reserves for the financial year 20202021 is Rs. (-10,07,65,144.99)/-.

4. SHARE CAPITAL

The total paid up capital of the Company as on 31[st] March, 2021 is Rs. 8,30,02,770/- comprising of 83,00,277 Equity Shares of Rs. 10/- each.

5. BUSINESS OUTLOOK

The markets your Company is concerned with are undergoing a massive disruption due to the outbreak of COVID-19. The situation caused by the COVID-19 pandemic continues to evolve and the effects on such markets remain uncertain.

The outlook going forward will depend, in addition to other factors, on how COVID-19 continues to affect the economy.

Further information regarding the potential impact of COVID-19 and various steps taken by your Company are provided as part of the MD&A Report.

6. FIXED DEPOSITS

Your Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Company has received declaration from all the Independent Directors of the Company confirming that they meet criteria of independence as prescribed under Section 149(6) of the Companies Act, 2013.

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8. THE CHANGE IN THE NATURE OF BUSINESS

No change in the nature of business activities during the year.

9. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION

No material changes and commitments, affecting the financial position of the Company occurred between the end of the Financial Year of the Company i.e. 31[st] March, 2021 and the date of this Directors’ Report i.e. 30[th] August, 2021 except as mentioned in this Report.

10. MEETINGS

A calendar of Meetings is prepared and circulated in advance to the Directors. During the year Five Board Meetings and Four Audit Committee Meetings were convened and held.

The details of which are given as under.

Sr. No.	Date	Sr. No.	Date
	Board Meeting		Audit Committee
1.	29thJune, 2020	1.	29thJune, 2020
2.	10th September,2020	2.	10th September,2020
3.	28th September,2020	3.	12thNovember,2020
4.	12thNovember,2020	4.	09thFebruary,2021
5.	09thFebruary,2021

The intervening gap between the Meetings was within the period prescribed under the Companies Act, 2013 and exemptions given, if any.

11. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013, the Board has carried out an annual performance evaluation of its own performance, the directors individually as well as the evaluation of the working of its Audit, Nomination & Remuneration committee.

12. COMMITTEES OF THE BOARD

1) Audit Committee

The Audit Committee of the Company reviews the reports to be submitted with the Board of Directors with respect of auditing and accounting matters. It also supervises the Company’s financial reporting process.

Sr. No.	Name	Category	Designation
1	Mr.SamirSampat	IndependentDirector	Chairperson
2	Mr.Vishal Dedhia	Director	Member
3	Ms. Hetal Dave	IndependentDirector	Member

2) Nomination and Remuneration Committee

The Company’s Nomination and Remuneration Committee consist of 3 directors of which three are Independent and Non-Executive Directors.

Sr. No.	Name	Category	Designation
1	Mr.SamirSampat	IndependentDirector	Chairperson
2	Mr.Vishal Dedhia	Director	Member
3	Ms. Hetal Dave	IndependentDirector	Member

3) Stakeholders’ Relationship Committee

Shareholders Grievances Committee consists of three directors as members who are Independent Director and Non-Executive Directors and Chaired by Independent Director and Non-Executive Director. The Committee, inter-alia, deals with various matters relating to:

Transfer/transmission of shares;
Issue of duplicate share certificates;
Investors` grievances and redressed mechanism and recommend measures to improve the level of investor services.

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Sr. No.	Name	Category	Designation
1	Mr.SamirSampat	IndependentDirector	Chairperson
2	Mr. Vishal Dedhia	Director	Member
3	Ms. Hetal Dave	Independent Director	Member

13. REMUNERATION POLICY

The Board has, on the recommendation of the Nomination & Remuneration Committee framed a policy for selection and appointment of Directors, KMP, Senior Management and their remuneration.

14. DIRECTOR’S RESPONSIBILITY STATEMENT

In terms of Section 134(5) of the Companies Act, 2013, the directors would like to state that:

a) In the preparation of the annual accounts, the applicable accounting standards have been followed.
b) The directors have selected such accounting policies and applied them consistently and made judgments and estimates that were reasonable and prudent so as to give true and fair view of the state of affairs of the Company for the year under review.
c) The directors 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.
d) The directors have prepared the annual accounts on a going concern basis.
e) The directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.
f) The directors had devised proper system to ensure compliance with the provisions of all applicable laws and that such system were adequate and operating effectively.

15. AUDITORS

Laxmi Tripti & Associates , Chartered Accountant Firm ( FRN: 009189C ) as the Statutory Auditor of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the 47[th] AGM of the Company to be held in the year 2024.

16. AUDITORS’ REPORT

The Board has duly examined the Statutory Auditor’s report on accounts which is self explanatory and clarifications wherever necessary, have been included in the Notes to Financial Statements of the Annual Report.

17. SECRETARIAL AUDIT REPORT

In terms of Section 204 of the Act and Rules made there under, Payal Tachak, Proprietress of M/s. Payal Tachak & Associates, Practicing Company Secretary had been appointed as Secretarial Auditor of the Company for the Financial Year 2020-2021.

The report of the Secretarial Auditors is enclosed as Annexure to this report.

Secretarial Auditor’s observation and Management’s explanation to the Auditor’s observation –

a) Regulation 47 of the SEBI (Listing obligations and Disclosure Requirements) Regulation, 2015, Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration), Rules, 2014 and Section 91 of the Companies Act 2013 read with Rule 10 of the Companies (Management and Administration) Rules, 2014 – Publication of Results audited and unaudited in news paper, Voting Through Electronic means, News Paper Advertisement for Book Closure.

The Company has not been complying that since the financial position of the Company does not allow Board to incur such expenditure keeping in mind that the results are made available for investors and market through Stock Exchange. The Company, on timely basis submits the results to the Exchange to bring the information in public domain.

b) Regulation 14 of SEBI (Listing Obligations and Disclosures Requirements) Reg. 2015 – Payment of Annual Listing Fees to Stock Exchange within 30 days from Financial Year end.

The Company did not have adequate funds to pay full Listing Fees at stipulated time, so Company had made delayed payment, further Board will make the payment for Listing fees for Financial Year 2020-21, as and when adequate funds available with the Company.

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Annual Report 2020-2021

c) Quarterly/Half-yearly/Annual Compliances of Calcutta Stock Exchange for period under review. The management will do the needful at the earliest.
d) The Composition of the Nomination & Remuneration Committee is not adequate and proper as required under Section 178(1) of Companies Act, 2013 and under Regulation 19(1)(b) and (c) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

The Company is in the process of complying the same.

18. VIGIL MECHANISM

In pursuant to the provisions of section 177(9) & (10) of the Companies Act, 2013, a Vigil Mechanism for directors and employees to report genuine concerns has been established. The Vigil Mechanism Policy has been uploaded on the website of the Company under investors/policy documents/Vigil Mechanism Policy link.

19. RISK MANAGEMENT POLICY

The Company has laid down a well defined Risk Management Policy. The Board periodically reviews the risk and suggests steps to be taken to control and mitigate the same through a proper defined framework.

20. EXTRACT OF ANNUAL RETURN

As required pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, an extract of annual return in MGT 9 as a part of this Annual Report as ANNEXURE I.

21. CODE OF CONDUCT

The Board of Directors has approved a Code of Conduct which is applicable to the Members of the Board and all employees in the course of day to day business operations of the company. The code laid down by the Board is known as “code of business conduct” which forms an Appendix to the Code. The Code has been posted on the Company’s website.

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

Conservation of energy, technology absorption, foreign exchange earnings and outgo are nil during the year under review.

23. INDUSTRIAL RELATIONS

During the year under review, your Company enjoyed cordial relationship with workers and employees at all levels.

24. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

Your Company has an effective internal control and risk-mitigation system, which are constantly assessed and strengthened with new/revised standards operating procedures. The Company’s internal control system is commensurate to the size, scale and complexities of its Operations.

25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The Company has not entered any contracts or arrangements with related parties specified under Section 188 of Companies Act, 2013.

26. LISTING WITH STOCK EXCHANGES

The Company is listed on BSE Limited and Calcutta Stock Exchange Limited (CSE). The Company is currently suspended on Calcutta Stock Exchange.

27. OTHER INFORMATION

Your Directors hereby states that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

There are no contracts or arrangements entered into by the Company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013.
Your Company has not provided Loans, Guarantees or made Investment pursuant to Section 186 of the Companies Act, 2013;
The Provision of Section 135 of the Act with respect to Corporate Social Responsibility (CSR) is not applicable to the Company, hence, there is no need to develop policy on CSR and take initiative thereon;
The Company do not have any subsidiary, joint venture or, associate Company, hence, no need to state anything about the same;
The Company has not accepted deposits covered under Chapter V of the Act;

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Annual Report 2020-2021

No significant material orders were passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future.
Since, the Company having paid-up capital less than the threshold provided under Regulation 27 of the Listing Regulation, hence, the Company need not required to address Reports on Corporate Governance, certificate/s pertains thereto and, Management Discussion and Analysis Report
There are no employees who are in receipt of salary in excess of the limits prescribed under Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

28. ACKNOWLEDGEMENTS

An acknowledgement to all with whose help, cooperation and hard work the Company is able to achieve the results.

For and on behalf of the Board of Directors

Place: Mumbai Vishal Dedhia Samirkumar Sampat Date: 30[th] August, 2021 Whole-time Director & CFO Director DIN: 00728370 DIN: 08116619

ANNEXURE INDEX

Annexure Content I Annual Return Extracts in MGT 9 II MR-3 Secretarial Audit Report

Page | 13 SHREE MANUFACTURING COMPANY LIMITED


Category of Shareholders		No. of Shares held at the beginning of the year [As on 01-April- 2020]				No. of Shares held at the end of the year [As on 31-March-2021]				% Change during the year
		Demat	Physical	Total	% of Total Shares	Demat	Physical	Total	% of Total Shares
A. Promoters
(1)Indian
a) Individual/ HUF		--	--	--	--	--	--	--	--	--
b) Central Govt		--	--	--	--	--	--	--	--	--
c) State Govt(s)		--	--	--	--	--	--	--	--	--
d) Bodies Corp.		3412597	2800000	6212597	74.85%	6212597	--	6212597	74.85%	--
e) Banks / FI		--	--	--	--	--	--	--	--	--
f) Any other		--	--	--	--	--	--	--	--	--
Page	14					SHREE MANUFACTURING COMPANY LIMITED

					Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021

Category of Shareholders	No. of Shares held at the beginning of the year [As on 01-April- 2020]				No. of Shares held at the end of the year [As on 31-March-2021]				% Change during the year
	Demat	Physical	Total	% of Total Shares	Demat	Physical	Total	% of Total Shares
Total shareholding of Promoter (A)	3412597	2800000	6212597	74.85%	6212597	--	6212597	74.85%	--
B. Public Shareholding
1. Institutions
a) Mutual Funds	--	--	--	--	--	--	--	--	--
b) Banks / FI	79100	3114	82214	0.99%	79100	3114	82214	0.99%	--
c) Central Govt	--	--	--	--	--	--	--	--	--
d) State Govt(s)	--	--	--	--	--	--	--	--	--
e) Venture Capital Funds	--	--	--	--	--	--	--	--	--
f) Insurance Companies	--	--	--	--	--	--	--	--	--
g)FIIs	--	--	--	--	--	--	--	--	--
h) Foreign Venture Capital Funds	--	--	--	--	--	--	--	--	--
i) Others (specify)	--	--	--	--	--	--	--	--	--
Private Sector Banks	350025	37	350062	4.22%	350025	37	350062	4.22%	--
Sub-total (B)(1):-	429125	3151	432276	5.21%	429125	3151	432276	5.21%	--
2. Non- Institutions
a)Bodies Corp.
i) Indian	18512	27620	46132	0.56%	18512	27620	46132	0.56%	--
ii) Overseas	--	--	--	--	--	--	--	--	--
b) Individuals
i) Individual shareholders holding nominal share capital up to Rs. 1 Lakh	54309	604503	658812	7.94%	52724	604503	657227	7.92%	-0.02%
ii) Individual shareholders holding nominal share capital in excess of Rs. 1 Lakh	195964	749975	945939	11.40%	195964	749975	945939	11.40%	--
c) Others (specify)
Non Resident Indians	1022	--	1022	0.01%	1022	--	1022	0.01%	--
Overseas Corporate Bodies	--	--	--	--	--	--	--	--	--
Foreign Nationals	--	--	--	--	--	--	--	--	--
Clearing Members	--	--	--	--	--	--	--	--	--
Trusts	--	27	27	--	--	27	27	--	--
Hindu Undivided Families	3472	--	3472	0.04%	5179	--	5179	0.06%	0.02%

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											Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021

Category of Shareholders		No. of Shares held at the beginning of the year [As on 01-April- 2020]									No. of Shares held at the end of the year [As on 31-March-2021]										% Change during the year
		Demat		Physical		Total		% of Total Shares			Demat			Physical	Total		% of Total Shares
Foreign Bodies - D R		--		--		--		--			--			--	--		--				--
Sub-total (B)(2):-		273279		1382125		1655404		19.94%			273279			1382125	1655404		19.94%				--
Total Public Shareholding (B)=(B)(1)+ (B)(2)		702404		1385276		2087680		25.15%			702404			1385276	2087680		25.15%				--
C. Shares held by Custodian for GDRs & ADRs		--		--		--		--			--			--	--		--				--
Grand Total (A+B+C)		4115001		4185276		8300277		100.00%			6915001			1385276	8300277		100.00%				--
B) Shareholding of Promoter:
Sr. No.	Shareholder’s Name		Shareholding at the beginning of the year (01st April, 2020)								Shareholding at the end of the year (31st March, 2021)								% change in shareholdi ng during the year
			No. of Shares		% of total Shares of the company		%of Shares Pledged / encumbere d to total shares				No. of Shares		% of total Shares of the company		%of Shares Pledged / encumbered to total shares
1	Edge Consultancy ServicesLLP		6212597		74.85%		0.00%			6212597			74.85%		0.00%				--
C) Change in Promoters’ Shareholding (please specify, if there is no change):
Sr. No.	Particulars								Shareholding at the beginning of the year (01st April, 2020) No. of shares % of total shares of the company						Cumulative Shareholding during the year (31st March, 2021)
												% of total shares of the company			No. of shares			% of total shares of the company
1.	At the beginning ofthe year(01stApril,2020)								62,12,597			74.85%			--			--
	Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase / decrease (e.g. allotment /transfer/ bonus/ sweat equity etc.):								--			--			--			--
	At the end ofthe year(31stMarch,2021)								--			--			62,12,597			74.85%
D) Shareholding Pattern of top ten Shareholders: (Other than Directors, Promoters and Holders of GDRs and ADRs):
Sr. No.	For Each of the Top 10 Shareholders								Shareholding at the beginning of the Year							Cumulative Shareholding during the Year
									No. of shares			% of total shares of company				No. of shares				% of total shares of company
1.	HETAL MANOJ MEGHANI
	At the beginning of the year								6,99,975			8.43%				--				--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):								No Change			No Change				--				--
	At the end of the year								6,99,975			8.43%				--				--

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Annual Report 2020-2021

Sr. No.	For Each of the Top 10 Shareholders	Shareholding at the beginning of the Year	Shareholding at the beginning of the Year	Cumulative Shareholding during the Year	Cumulative Shareholding during the Year
		No. of shares	% of total shares of company	No. of shares	% of total shares of company
2.	ICICI BANK LIMITED
	At the beginning of the year	3,50,025	4.22%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	3,50,025	4.22%	--	--
3.	SHANE AHMEDWARSI
	At the beginning of the year	1,65,623	2.00%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	1,65,623	2.00%	--	--
4.	STATE BANKOF INDIA
	At the beginning of the year	79,100	0.95%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	79,100	0.95%	--	--
5.	DINESH KUMAR SINGHANIA
	At the beginning of the year	50,000	0.60%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	50,000	0.60%	--	--
6.	LAVKESH BHATIA
	At the beginning of the year	30,341	0.37%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	30,341	0.37%	--	--
7.	SARAWGI DEVELOPERS PVT LTD
	At the beginning of the year	25,000	0.30%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.) :	No Change	No Change	--	--
	At the end of the year	25,000	0.30%	--	--
8.	3A CAPITALSERVICES LIMITED
	At the beginning of the year	16,052	0.19%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--

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Sr. No.	For Each of the Top 10 Shareholders	Shareholding at the beginning of the Year	Shareholding at the beginning of the Year	Cumulative Shareholding during the Year	Cumulative Shareholding during the Year
		No. of shares	% of total shares of company	No. of shares	% of total shares of company
	Reason: Due to Combining of 2 Folios
	At the end of the year	16,052	0.19%	--	--
9.	DINESH BAINWAL
	At the beginning of the year	4,794	0.06%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	4,794	0.06%	--	--
10.	INDRA KUMAR BAGRI
	At the beginning of the year	3,450	0.04%	--	--
	Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	No Change	No Change	--	--
	At the end of the year	3,450	0.04%	--	--

Change in percentage at the end of the Year is due to increase in Share Capital pursuant to Conversion of Preference Shares into Equity Shares.

E) Shareholding of Directors and Key Managerial Personnel:

Sr. No.	Shareholding of each Directors and each Key Managerial Personnel	Shareholding at the beginning of the year	Shareholding at the beginning of the year	Cumulative Shareholding during the Year	Cumulative Shareholding during the Year
		No. of shares	% of total shares of the company	No. of shares	% of total shares of the company
1.	Vishal Dedhia
	At the beginning of the year	--	--	--	--
	Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	--	--	--	--
	At the end of the year	--	--	--	--
2.	Namrata Malu
	At the beginning of the year	--	--	--	--
	Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	--	--	--	--
	At the end of the year	--	--	--	--
3.	Sameer Kumar Sampat
	At the beginning of the year	--	--	--	--
	Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):	--	--	--	--
	At the end of the year	--	--	--	--
4.	Hetal Dave
	At the beginning of the year	--	--	--	--
	Date wise Increase / Decrease in	--	--	--	--

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Sr. No.	Shareholding of each Directors and each Key Managerial Personnel	Shareholding of each Directors and each Key Managerial Personnel	Shareholding at the beginning of the year	Shareholding at the beginning of the year	Shareholding at the beginning of the year	Shareholding at the beginning of the year	Cumulative Shareholding during the Year	Cumulative Shareholding during the Year	Cumulative Shareholding during the Year
			No. of shares	% of total shares of the company			No. of shares		% of total shares of the company
	Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):
	At the end of the year		--	--			--		--
V. INDEBTEDNESS -Indebtedness of the Company			including interest outstanding/accrued but not due for payment.
		Secured Loans excluding deposits			Unsecured Loans	Deposits		Total Indebtedness
Indebtedness at the beginning of the financial year		--			13258259	--		13258259
i) Principal Amount		--			--	--		--
ii) Interest due but not paid		--			--	--		--
iii) Interest accrued but not due		--			--	--		--
Total (i+ii+iii)		--			--	--		--
Change in Indebtedness during the financial year		--				--
* Addition		--			1965479	--		1965479
* Reduction		--			--	--		--
Net Change		--			1965479	--		1965479
Indebtedness at the end of the financial year		--			15223738	--		15223738
i) Principal Amount		--			--	--		--
ii) Interest due but not paid		--			--	--		--
iii) Interest accrued but not due		--			--	--		--
Total (i+ii+iii)		--			15223738	--		15223738

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Particulars of Remuneration	Name of WTD	Company Secretary and Compliance Officer
	MR. VISHAL DEDHIA	CS PANKAJ JAISWAL
Gross salary	60,000	1,70,000
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961	--	--
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961	--	--
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961	--	--
Stock Option	--	--
Sweat Equity	--	--
Commission - as % of profit - others, specify…	--	--
Others,please specify	--	--
Total (A)	60,000	1,70,000
Ceiling asper the Act	11%of the Net of Profit	--

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B.Remuneration to other Directors: Sr. No. Particulars of Remuneration Name of Directors Total Amount Namrata Malu Samir Sampat Hetal Dave 1. IndependentDirectors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(1) -- -- -- -- 2. OtherNon-Executive Directors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(2) -- -- -- -- Total(B)=(1+2) -- -- -- -- TotalManagerial Remuneration -- -- -- -- OverallCeiling as perthe Act 11% ofthe NetProfit C.Remuneration to Key Managerial Personnel other than MD/Manager/WTD	B.Remuneration to other Directors: Sr. No. Particulars of Remuneration Name of Directors Total Amount Namrata Malu Samir Sampat Hetal Dave 1. IndependentDirectors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(1) -- -- -- -- 2. OtherNon-Executive Directors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(2) -- -- -- -- Total(B)=(1+2) -- -- -- -- TotalManagerial Remuneration -- -- -- -- OverallCeiling as perthe Act 11% ofthe NetProfit C.Remuneration to Key Managerial Personnel other than MD/Manager/WTD	B.Remuneration to other Directors: Sr. No. Particulars of Remuneration Name of Directors Total Amount Namrata Malu Samir Sampat Hetal Dave 1. IndependentDirectors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(1) -- -- -- -- 2. OtherNon-Executive Directors ·Fee for attendingboard committeemeetings ·Commission · Others, please specify -- -- -- -- -- -- -- -- -- -- -- -- Total(2) -- -- -- -- Total(B)=(1+2) -- -- -- -- TotalManagerial Remuneration -- -- -- -- OverallCeiling as perthe Act 11% ofthe NetProfit C.Remuneration to Key Managerial Personnel other than MD/Manager/WTD
Sr. No.	Particularsof Remuneration	Mr. Vishal Dedhia, CFO
1.	Grosssalary (a) Salary asper provisionscontainedinsection 17(1)oftheIncome-tax Act,1961 (b) Valueofperquisitesu/s17(2)Income-taxAct,1961 (c)Profits in lieuofsalaryundersection17(3) Income-taxAct, 1961	Nil -- -- --
2.	StockOption	--
3.	Sweat Equity	--
4.	Commission - as %of profit -others, specify…	--
5.	Others, please specify	--
6.	Total	Nil

VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: NONE

For and on behalf of the Board of Directors Place: Mumbai Vishal Dedhia Samirkumar Sampat Date: 30[th] August, 2021 Whole-time Director & CFO Director DIN: 00728370 DIN: 08116619

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ANNEXURE II

Form No. MR-3 SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED MARCH 31, 2021 [Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To, The Members, Shree Manufacturing Company Limited Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004

I have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Shree Manufacturing Company Limited (hereinafter called “ the Company ”). The Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.

Based on my verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, I hereby report that in my opinion, the Company has, during the audit period covering the financial year ended March 31, 2021 complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other records maintained by Shree Manufacturing Company Limited (“the company”) for the financial year ended March 31, 2021 according to the provisions of:
i. The Companies Act, 2013 (the Act) and the rules made thereunder;
ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;
iii. The Depositories Act, 1996 and the Regulations and bye-laws framed thereunder;
iv. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’):-
a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
b) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;
c) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992;
d) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;
Provisions of the following Regulations and guidelines prescribed under the Securities and Exchange Board of India Act, 1992 were not applicable to the Company under the financial year 2020-2021:
a) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999;
b) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings;
c) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008;
d) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;
e) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and f) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998;
Provisions of the Foreign Management Act, 1999 and the rules and Regulations made there under to the extent of External Commercial Borrowings were not attracted to the company under the Audit period.

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I have also examined compliance with the applicable clauses of the Secretarial Standards including the amended Secretarial standards issued by The Institute of Company Secretaries of India under the provisions of the Companies Act, 2013 and as applicable.

During the period under review and as per the explanations and the clarifications given to us and there presentation made by the Management of the Company, the Company has generally complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above to the extend applicable and subject to the following observation.

a) Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 – Advertisement in News Paper

Pursuant Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Company shall issue a public notice in at least in one English daily newspaper circulating in the whole or substantially the whole of India and in one daily newspaper published in the language of the region, where the registered office of the company is situated for following matters:

1. Board meeting wherein quarterly unaudited / audited results are to be considered where prior 5 clear day’s intimation needs to be published.

2. Financial results within 48 hrs of the conclusion of Board or committee meeting at which they were approved.

However, during the period under review, the Company has not complied with the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

b) Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration), Rules, 2014 – News Paper notice for Voting Through Electronic means

Pursuant to Rule 20 (4) (v) of the Companies (Management and Administration), Rules, 2014 the Company shall cause a public notice by way of an advertisement to be published, immediately on completion of dispatch of notices for the meeting not later than 21 days prior to the date of General Meeting at least once in English newspaper having country wide circulation and once in vernacular language news paper in principle vernacular language of the District in which company is situated, having wide circulation in the District.

However, during the period under review, the Company has not complied with the requirements of Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration), Rules, 2014.

c) Section 91 of the Companies Act 2013 read with Rule 10 of the Companies (Management and Administration) Rules, 2014 – News Paper Advertisement for Book Closure.

Pursuant to Section 91 of the Companies Act, 2013 read with Rule 10 of the Companies (Management and Administration) Rules, 2014, a Listed Company closing the Register of Members shall give news paper advertisement for Book Closure at least 7 days prior to the Book Closure in vernacular newspaper in the principle vernacular language of the District and having a wide circulation in the place where registered office of the Company is situated also at least once in English Language in an English Newspaper circulating in that district and having wide circulation in the place where the Registered office of the Company is situated.

However, during the period under review, the Company has not complied with the requirement of Section 91 of the Companies Act read with Rule 10 of the Companies (Management and Administration) Rules, 2014.

d) Regulation 14 of the SEBI (Listing Obligations and Disclosures Requirements) Reg. 2015- Payment of Annual Listing fees to Stock Exchange within 30 days from Financial Year end.

However, the Company has delayed in payment Annual Listing fees to BSE Limited for Financial Year 20202021.

e) Quarterly/Half-yearly/Annual Compliances of Calcutta Stock Exchange for period under review.

The company has not complied with the Quarterly/Half-yearly/Annual Compliances of Calcutta Stock Exchange for period under review.

Page | 22 SHREE MANUFACTURING COMPANY LIMITED

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e) The Composition of the Nomination & Remuneration Committee is not adequate and proper as required under Section 178(1) of Companies Act, 2013 and under Regulation 19(1)(b) and (c) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

I Further report that; Securities and Exchange Board of India (SEBI) and Exchanges in order to enhance market integrity and safeguard interest of investors, have introduced Graded Surveillance Measures (GSM) wherein certain identified securities shall be subjected to enhanced monitoring and surveillance actions. The Company is kept under Graded Surveillance Measures (GSM) by BSE Limited.

I 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. 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 for the Board / Committee Meetings was given to all directors to schedule the Board/Committee Meetings, agenda and detailed notes on agenda were sent at least seven days 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.

I further report that; as represented by the Company and relied upon by us 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.

I further report that; during the audit period the Company has not passed any Board Resolutions which are having major bearing on the Company’s affairs in pursuance of the above referred laws, rules, regulations, guidelines, standards except following:

I further report that; during the audit period, there were no instances of:

Public/Right/Preferential Issue of securities;
Redemption/Buy Back of Securities;
Merger/Amalgamation etc.;
Foreign technical Collaborations

I further report that; the compliance by the Company of applicable financial laws, like direct and indirect tax laws, Accounting Standards etc. has not been reviewed in this Audit, since the same is subject to review by designated professional/s during the course of statutory financial audit.

I further state that ; my report of even date is to be read along with “Annexure – A” appended hereto.

FOR PAYAL TACHAK & ASSOCIATES PRACTICING COMPANY SECRETARIES

CS PAYAL TACHAK Membership No – A38016 COP No. – 15010 Date: 30/08/2021 Place: Mumbai UDIN: A038016C000855646

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Annexure – A

To, The Members,

Shree Manufacturing Company Limited

Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004

Our report of even date is to be read along with this letter:

Maintenance of Secretarial record is the responsibility of the management of the Company. Our responsibility is to express an opinion on these Secretarial records based on our audit.

We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test check basis to ensure that correct facts are reflected in Secretarial records. We believe that the processes and practices, we followed provide a reasonable basis for my opinion.

We have not verified the correctness appropriateness of financial records and books of accounts of the Company.

Where ever required, we have obtained the Management Representation about the compliance of laws, rules and regulations and happening of events etc.

The compliance of the provisions of corporate and other applicable laws, rules, regulations, standards is the responsibility of the management. Our examination was limited to the verification of procedures on test check basis.

The Secretarial audit report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

FOR PAYAL TACHAK & ASSOCIATES PRACTICING COMPANY SECRETARIES

PAYAL TACHAK Membership No – A38016 COP No. – 15010

Date: 30/08/2021 Place: Mumbai

Page | 24 SHREE MANUFACTURING COMPANY LIMITED

Annual Report 2020-2021

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The key areas of management discussion and analysis are given below;

INDUSTRY STRUCTURE AND DEVELOPMENTS

No business was carried out by the Company during the reporting period due to various factors affecting business. Further the Business operations are highly affected due to Nationwide lockdown and COVID 19 pandemic situation. Management is in process of finding new markets and business avenues keeping in mind current economic conditions.

FINANCIAL PERFORMANCE

The financial performance of the company for the year under review is discussed in detail in the directors report.

SEGMENT WISE PERFORMANCE

As there is no particular operational activity segment wise performance is not applicable.

RISK MANAGEMENT:

To manage risk of an COVID-19 outbreak within the company’s premises impacting employee safety & well-being constant communication on building employee awareness, limited working from campus, proper sanitization, appropriate social distancing are already in place.

BUSINESS OUTLOOK

The outlook going forward will depend, in addition to other factors, on how COVID-19 continues to affect the economy.

Decisions made by local governments or public health bodies owing to the COVID-19 pandemic, posing restrictions on physical movement of employees thereby impacting business continuity.

Our team including legal, office administration, IT enablement & IT security teams. are reviewing the situation closely and providing adequate information on the appropriate measures to be taken to remain compliant

INTERNAL CONTROLS

In response to the COVID-19 pandemic, we facilitated our employees to work remotely/ from home. There were no changes to our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting during the period covered in this Annual Report

SUBSIDIARIES

Your Company has no subsidiary Companies.

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CEO AND CFO CERTIFICATION

We hereby certify that:

a) We have reviewed the financial statements and cash flow statement for the year ended 31[st] March, 2021 and to the best of our knowledge and belief :
i) these statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;
ii) these statements together present a true and fair view of the Company’s affairs and are in compliance with existing Accounting Standards, applicable laws and regulations.
b) They are, to the best of our knowledge and belief; no transactions entered into by the Company during the year ended 31[st] March, 2021 are fraudulent, illegal or violative of the Company’s code of conduct.
c) We accept responsibility for establishing and maintaining internal controls for financial reporting and we have evaluated the effectiveness of internal control systems of the Company pertaining to financial reporting. Deficiencies in the design or operation of such internal controls, if any, of which we are aware have been disclosed to the auditors and the Audit Committee and steps have been taken to rectify these deficiencies.
d) We have indicated to the Auditors and the Audit Committee that there are no:
i) significant changes in internal control over financial reporting during the year under reference;
ii) significant changes in accounting policies during the year requiring disclosure in the notes to the financial statements; and
iii) Instances during the year of significant fraud with involvement therein, if any, of the management or any employee having a significant role in the Company’s internal control system over financial reporting.

Place: Mumbai Date: 30[th] August, 2021

For and on behalf of the Board Vishal Dedhia Whole Time Director & CFO DIN: 00728370

Page | 26 SHREE MANUFACTURING COMPANY LIMITED

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Independent Auditor’s Report

To the Members of M/s. Shree Manufacturing Company Limited Report on the standalone Financial Statements

Opinion

We have audited the accompanying Standalone financial statements of M/s. Shree Manufacturing Company Limited (“ the Company ”) which comprises the Balance Sheet as at March 31, 2021, the Statement of Profit and Loss and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2021, and profit/loss and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

We draw the attention to the fact that the company is having accumulated loss of Rs 1007.65 Lakhs as at the year ended 31-03-2021 which is more than its net worth, the company has to be treated as sick as per the provision of SICA, 1985. The company does not have any particular business and as the company has sold all its fixed assets and there are insignificant revenue generated during the year along with other matters set out in the notes of the financial statements, the substantial doubt arises whether the company will be able to continue as going concern.

In our opinion and to the best of our information and according to the explanations given to us, except for the effect of the matter described in the basis for qualified opinion paragraph, the aforesaid standalone Ind AS financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India including the Ind AS, of the financial position of the Company as at 31 March, 2021, and its financial performance including its cash flows and the changes in equity for the year ended on that date.

Responsibility of Management for the Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate implementation and maintenance of accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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Those Board of Directors are also responsible for overseeing the company’s financial reporting process

Auditor’s Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor’s Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

As required by Section 143(3) of the Act, we report that:

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
b. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books.
c. The Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.
d. In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.
e. On the basis of the written representations received from the directors as on 31st March, 2021 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2021 from being appointed as a director in terms of Section 164 (2) of the Act.
f. With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure A”.
g. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position.
ii. The Company has not made provision, as required under the applicable law or accounting standards, for material foreseeable liability on redemption of preference shares. Refer note 3 C
iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

For Laxmi Tripti & Associates Chartered Accountants

Firm’s registration number: 009189C

CA Prashant Porwal Partner

Membership number: 409266 UDIN no.: 21409266AAAAAI6870 Place: Mumbai Date: June 22, 2021

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Annual Report 2020-2021

Annexure - A to the Auditors’ Report

The Annexure referred to in Independent Auditors’ Report to the members of the Company on the standalone financial statements for the year ended 31 March 2021, we report that:

I. As the Company does not hold any fixed assets for the year, the requirement of clause (i) of paragraph 3 of the order is not applicable to the company.
II. As the Company does not hold any inventories for the year, the requirement of clause (ii) of paragraph 3 of the order is not applicable to the company.
III. The company has not granted any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintained u/s 189 of the Act. The Company has not purchased any goods or fixed assets, and affected any sales during the year, thus requirement of clause (iv) of the Order are not applicable to the Company.
IV. The company has not granted any loans, secured or unsecured under section 185, made any investment, provided any guarantee or security. Hence the question of reporting under the cause 3(iv) of the order does not arise.
V. In our opinion and according to the information and explanation given to us, the Company has compiled with the directives issued by the Reserve Bank of India and the provision of section 73 to 76 or any other relevant provision of the Companies Act and the rules framed there under, to the extent applicable. We are informed by the Management that no order has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any Tribunal in this regard.
VI. As informed to us, the Central Government has not prescribed maintenance of Cost Records under subsection (1) of the section 48 of the Act.

VII. a. According to the information and explanation given to us and according to records of the Company examined by us, in our opinion the Company is generally regular in depositing with the appropriate authorities undisputed statutory dues including Provident fund, employees’ state insurance, income tax, sales tax, wealth tax, customs duty, excise duty, cess and other material statutory dues wherever applicable. According to the information and explanation given to us, no undisputed amount payable in respect of aforesaid dues were outstanding as at March 31, 2021 for more than six months from the date they became payable. b. According to the information and explanation given to us, there are no disputed amounts payable in respect of income tax, Sales tax, Wealth tax, Customs duty, Excise duty and Cess outstanding as at the year end. VIII. As per explanation given to us, no fraud on or by the company has been noticed for reported We have been informed that the Company has not defaulted in repayment of loan or borrowings to financial institution, banks and Government, The Company has not raised any funds through debentures. IX. The Company has not raised money by the way of initial public offer or further public offer (including debt instrument). X. According to the information and explanations given to us, we report that no fraud by the company or any fraud on the Company by its officers or employees has been noticed or reported during the year. XI. The managerial remuneration has been paid in accordance with the requisite approvals mandated by the provision of section 197 read with schedule V to the Act. XII. The Company is not a chit fund or a Nidhi company. Hence, the question of reporting under clause 3(xii) of the order does not arise. XIII. The Company has compiled with the provision of section 177 and 188 of the in respect of transaction with the related parties and the details have been disclosed in the Financial Statement etc as required by the applicable accounting standards. XIV. The Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. Page | 29 SHREE MANUFACTURING COMPANY LIMITED

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XV. The Company has not entered into any non-cash transaction with directors or person connected with him covered under the provision of section 192 of the Act.
XVI. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

For Laxmi Tripti & Associates Chartered Accountants Firm’s registration number: 009189C

CA Prashant Porwal Partner Membership number: 409266 UDIN no.: 21409266AAAAAI6870 Place: Mumbai Date: June 22, 2021

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Annexure - B to the Auditors’ Report

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of Shree Manufacturing Company limited (“the Company”) as of 31 March 2021 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to 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 information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the standalone Ind AS financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that:

(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

(3) Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

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Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March 2021, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

For Laxmi Tripti & Associates Chartered Accountants

Firm’s registration number: 009189C

CA Prashant Porwal Partner

Membership number: 409266 UDIN no. 21409266AAAAAI6870 Place: Mumbai Date: June 22, 2021

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SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340

AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021	AUDITED BALANCE SHEET AS AT 31ST MARCH 2021
		Particulars		Note	As at 31 March	As at 31 March
				No.	2021	2020
I.		EQUITY AND LIABILITIES
(1)	Shareholders’ funds
	(a)	Share Capital		2	83,002,770	83,002,770
	(b)	Reserves and Surplus		3	(100,765,145)	(99,724,510)
(2)	Share application money pending allotment				-	-
(3)	Non-current liabilities
	(a)	Other LongTerm Liabilities		4	3,609,920	3,609,920
	(b)	LongTerm Provisions		5	290,800	290,800
(4)	Current liabilities
	(a)	Short-Term Borrowings		6	13,883,722	11,918,244
	(b)	Trade Payables		7	286,626	286,626
	(c)	Other Current Liabilities		8	1,563,201	909,115
	(d)	Short-Term Provisions
		TOTAL			1,871,894	292,964
II.	ASSETS
	Non-current assets
(1)	(a)	Fixed assets
	(i)	Tangible assets			-	-
	(ii)	Intangible assets			-	-
	(iii)	Capital work-in-progress			-	-
	(iv)	Intangible assets under development			-	-
	(b)	Non-current investment			-	-
	(c)	Long-term loans and advances			-	-
	(d)	Other non-current assets			-	-
(2)	Current assets
	(a)	Trade receivables		9	1,152,040	40
	(b)	Cash and cash equivalents		10	379,881	58,660
	(c)	Short-term loans and advances		11	339,973	234,265
		TOTAL			1,871,894	292,965
The Notes referred to above form an integralpart of the Financial Statement
FOR LAXMI TRIPTI & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REGISTRATION NO: 009189C CA PRASHANT PORWAL CHARTERED ACCOUNTANTS MEM. NO. :409266 PLACE: MUMBAI DATE : 22/06/2021			FOR AND ON BEHALF OF THE BOARD SAMIRKUMAR SAMPAT VISHAL DEDHIA DIRECTOR WHOLE TIME DIRECTOR & CFO PANKAJ JAISWAL COMPANY SECRETARY
			FOR AND ON BEHALF OF THE BOARD SAMIRKUMAR SAMPAT VISHAL DEDHIA DIRECTOR WHOLE TIME DIRECTOR & CFO PANKAJ JAISWAL COMPANY SECRETARY

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SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340
AUDITED PROFIT AND LOSS STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021
Particulars			Note No.	As at 31 March 2021	As at 31 March, 2020
I.		Revenue from operations	11	1,400,000	-
II.		Other income		-	-
III.		Total Revenue(I + II)		1,400,000	-
IV.		Expenses:
		Purchases of stock-in-trade	12	-	-
		Employee benefits expense	13	230,000	106,000
		Finance costs	14	1,476,089	1,256,062
		Depreciation and amortization expense		-	-
		Other expenses	15	734,546	1,161,793
		Total expenses		2,440,635	2,523,854
V.		Profit before exceptional and extraordinary
		items and tax(III-IV)		(1,040,635)	(2,523,854)
VI.		ExtraordinaryItems
VII.		Profit before tax(VII- VIII)		(1,040,635)	(2,523,854)
VIII.		Tax expense:
		(1)Current tax		-	-
		(2)Tax expense relatingtoprioryears		-	-
		(3)Deferred tax		-	-
		Profit for theperiod from continuing
IX.		operations(V-VI).		(1,040,635)	(2,523,854)
X.		Transferred to General Reserves		-	-
		Balance carried forwarded		(1,040,635)	(2,523,854)
XI.		Earningsper equityshare:
		(1) Basic		(0.13)	(0.44)
		(2) Diluted		(0.13)	(0.44)

The Notes referred to above form an integralpart of the Balance Sheet.

	FOR LAXMI TRIPTI & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REGISTRATION NO: 009189C CA PRASHANT PORWAL CHARTERED ACCOUNTANTS MEM. NO. :409266 PLACE: MUMBAI DATE : 22/06/2021		FOR AND ON BEHALF OF THE BOARD SAMIRKUMAR SAMPAT VISHAL DEDHIA DIRECTOR WHOLE TIME DIRECTOR & CFO PANKAJ JAISWAL COMPANY SECRETARY

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SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date	SHREE MANUFACTURING COMPANY LIMITED Registered Office: Suite# 712, Prasad Chambers Opera House Mumbai – 400004 CIN :L36999MH1976PLC286340 AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021 Particulars As at 31 March, 2021 As at 31 March, 2020 Rs. Rs. A. Cash Flow form Operating Activities Net Profit/ (Loss)before extraordinaryitems and tax (1,040,635) (2,523,854) Adjustments for : Interest Paid 1,476,089 1,256,062 Prior Period Item Extra ordinaryitem Operating profit/ (loss)before workingcapital changes 435,454 (1,267,792) Adjustments for(increase) /decrease in operatingassets: Trade receivables (1,152,000) 568,430 Adjustments for increase/ (decrease) in operating Liabilities: Trade Payables - (225,000) Other current liabilities 654,086 412,957 LongTerm Provision - Cashgenerated from operations before Extra-ordinaryitems (62,460) (511,405) Less: Extra ordinaryItems - - Net cash flow from/ (used in)operatingactivities (A) (62,460) (511,405) B. Cash flow from investing activities Sale of Fixed Assets Net cash flow from/ (used in)investingactivities (B) - - C. Cash flow from financing activities Proceeds from borrowings 1,965,479 1,788,455 Call MoneyReceived Interest Income (1,476,089) (1,256,062) Increase in Short term Loans and Advances (105,708) (174,286) Net cash flow from/ (used in)financingactivities (C) 383,681 358,107 Net increase/ (decrease)in Cash and cash equivalents (A+B+C) 321,221 (153,298) Cash and cash equivalents at the beginningof theyear 58,660 211,958 Cash and cash equivalents at the end of the year 379,881 58,660 This is the Cash Flow Statement referred to in our report of even date
AUDITED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31ST MARCH, 2021
Particulars				As at 31 March, 2021	As at 31 March, 2020
				Rs.	Rs.
A. Cash Flow form Operating Activities
Net Profit/ (Loss)before extraordinaryitems and tax				(1,040,635)	(2,523,854)
Adjustments for :
Interest Paid				1,476,089	1,256,062
Prior Period Item
Extra ordinaryitem
Operating profit/ (loss)before workingcapital changes				435,454	(1,267,792)
Adjustments for(increase) /decrease in operatingassets:
Trade receivables				(1,152,000)	568,430
Adjustments for increase/ (decrease) in operating Liabilities:
Trade Payables				-	(225,000)
Other current liabilities				654,086	412,957
LongTerm Provision				-
Cashgenerated from operations before Extra-ordinaryitems				(62,460)	(511,405)
Less: Extra ordinaryItems				-	-
Net cash flow from/ (used in)operatingactivities			(A)	(62,460)	(511,405)
B.	Cash flow from investing activities
Sale of Fixed Assets
Net cash flow from/ (used in)investingactivities			(B)	-	-
C.	Cash flow from financing activities
Proceeds from borrowings				1,965,479	1,788,455
Call MoneyReceived
Interest Income				(1,476,089)	(1,256,062)
Increase in Short term Loans and Advances				(105,708)	(174,286)
Net cash flow from/ (used in)financingactivities			(C)	383,681	358,107
Net increase/ (decrease)in Cash and cash equivalents
(A+B+C)				321,221	(153,298)
Cash and cash equivalents at the beginningof theyear				58,660	211,958
Cash and cash equivalents at the end of the year				379,881	58,660
This is the Cash Flow Statement referred to in our report of even date

FOR LAXMI TRIPTI & ASSOCIATES CHARTERED ACCOUNTANTS FIRM REGISTRATION NO: 009189C CA PRASHANT PORWAL CHARTERED ACCOUNTANTS MEM. NO. :409266 PLACE: MUMBAI DATE : 22/06/2021		FOR AND ON BEHALF OF THE BOARD SAMIRKUMAR SAMPAT VISHAL DEDHIA DIRECTOR WHOLE TIME DIRECTOR & CFO PANKAJ JAISWAL COMPANY SECRETARY

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Annual Report 2020-2021

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON FINANCIAL STATEMENTS

1. SIGNIFICANT ACCOUNTING POLICIES:

Basis for preparation of accounts

The financial statements have been prepared on an accrual basis of accounting and in accordance with the Generally Accepted Accounting Principles in India, provisions of the Companies Act, 2013 and comply in material aspects with the accounting standards notified under Section 133 of the Act, read with Companies (Accounting Standards) Rules, 2015, except for gratuity which is accounted on cash basis.

Use of Estimates

The preparation of financial statements requires the Management of the Company to make estimates and assumptions that affect the reported balance of assets and liabilities, revenue and expenses and disclosures relating to contingent liabilities. The Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. Future results could differ from these estimates. Any revision of accounting estimates is recognised prospectively in the current and future periods.

Revenue Recognition

Revenue is recognized to the extent that is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Government Grants and Subsidies

Government grants in the nature of promoters contribution like investment subsidy, where no repayment is expected in respect thereof, are treated as capital reserve.

Tangible Fixed Assets

There are no Fixed Assets.

Depreciation and Amortisation

As there are no fixed assets, there is no depreciation provision.

Valuation of Inventories

There was no inventory in the current financial year.

Foreign Currency Transaction

There was no foreign currency transaction during the year.

Retirement Benefits

There is no gratuity liability for the year under review.

Taxation

Current income tax is measured at the amount expected to be paid to the tax authorities in accordance with the provisions of local Income Tax Laws as applicable to the financial year.

Earnings Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

Deferred Tax

Company has not recognised deferred tax asset as there in no reasonable certainty that in future sufficient taxable income will be available against which such deferred tax asset can be realized.

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2. SHARE CAPITAL

2. SHARE CAPITAL
Particulars	As at 31 March, 2021	As at 31 March, 2020
i. Authorised
10000000Equity Shares of Rs. 10/-each	100,000,000	100,000,000
ii. Issued, Subscribed andFullyPaid up
8300277 Equity Shares of Rs. 10/-each	83,002,770	83,002,770

Total	83,002,770	83,002,770

iii. Thereis conversionof 2870000Preference sharesinto2800000Equity sharesinthe year 2019-20
iv. 276109 equity shares of Rs. 10/-each wereissuedfora considerationotherthencash inpursuant ofa contract.
v. The Companyhas one class ofequity shareswithequalvoting and dividendrights.

vi. Details of Shareholders holding more than 5% Equity shares:

	As at 31 March, 2021	As at 31 March, 2021	As at 31st March 2020	As at 31st March 2020
Name of Shareholders	No. of Shares		No. of Shares
	held	% held	Held	% held
1. Hetal M Meghani	699,975	8.43%	699,975	8.43%
2. Edge Consultancy Services LLP	6212597	74.85%	6212597	74.85%

vii. Details of Shareholders holding more than 5% Preference shares:

	As at 31 March, 2021	As at 31 March, 2021	As at 31st March 2020	As at 31st March 2020
Name of Shareholders	No. of Shares		No. of Shares
	held	% held	Held
1. Edge Consultancy Services LLP	-	-	-	-

3. Reserve & Surplus
Particulars	As at 31 March, 2021	31st March, 2020
i.CentralSubsidy	1,500,000	1,500,000
ii. Capital Reserve	3,978,309	3,978,309
iii.CapitalSuspense	1,975,430	1,975,430
iv. Profit andLossAccount
Openingbalance	(107,178,249)	(104,654,395)
Add : Current Year Profit	(1,040,635)	(2,523,854)
Closing balance	(108,218,883)	(107,178,249)
Total(a + b + c)	(100,765,145)	(99,724,510)

(a) The Amount of Rs.19.75 lacs (Rs.19.75 lacs) standing to the credit of Capital Suspense Account required to be converted into paid up equity capital of the Company by issue of 1,99,345(1,99,345) fully paid up Equity Shares of Rs.10 each for consideration other than cash to the resident stock holders of erstwhile Indian Copper Corporation Limited, Holding 7,49,860 (7,49,860) units of stock as and when they will surrender their stock certificates as per the agreement dated 3[rd] January,1977 entered into with the liquidators of Indian Copper Corporation Limited (in Member’s Voluntary Liquidation).

(b)Capital Reserve amounting to Rs.32,78,841 represents the excess of assets over liabilities taken over from the Liquidators of Indian Copper Corporation Limited (in Member’s Voluntary Liquidation, hereinafter referred to as ICCL) as per the agreement dated 3rd January,1977 and 700000 represents reserve arising on conversion of preference shares into equity shares.

4.OTHER LONG TERM LIABILITIES
Particulars	31st March,2021	31st March,2020
Creditor for Expensesi	1,290,015	1,290,015
Sundry Deposits ii	50,000	50,000
Creditor forGoodsiii	2,269,905	2,269,905
Total	3,609,920	3,609,920

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5. LONG TERM PROVISIONS
Particulars	31st March,2021	31st March, 2020
ListingFeesPayable	270,000	270,000
Registrar	20,800	20,800
Total	290,800	290,800
6. SHORT-TERM BORROWINGS
Particulars	31st March,2021	31st March, 2020
Inter corporate loans
UnsecuredLoans-SubNote (v)	13,883,722	11,918,244
Total	13,883,722	11,918,244
7. TRADE PAYABLES(Short Term)
Particulars	31st March,2021	31st March, 2020
Creditor for Goods	286,626	286,626
Total	286,626	286,626
8. OTHERCURRENT LIABLITIES
Particulars	31st March,2021	31st March, 2020
StatutoryDues- TDSPayable	167138	156417
Statutory Dues-GST Payable	252,000	-
Provision for Expenses-SubNote (vi)	1,144,063	752,698
Total	1,563,201	909,115
9. TRADE RECEIVABLE
Particulars	31st March,2021	31st March, 2020
Debtors for Services	11,52,000	-
DebtorsforGoods	40	40
Total	11,52,040	40
9. CASH ANDCASH EQUIVALENTS
Particulars	31st March,2021	31st March, 2020
Balances with banks
StateBankof Hyderabad
Yes Bank	-	-
ICICI Bank	377,172	55,951
Cashon hand	2,709	2,709
Total	379,881	58,660
10. SHORT-TERM LOANS AND ADVANCES
Particulars	31st March,2021	31st March, 2020
IncomeTax RefundReceivable	47,685	47,685
GST Receivable	292,288	186,580
Total	339,973	234,265
11. REVENUE FROM OPERTATIONS
Particulars	31st March,2021	31st March, 2020
a. IncomeFromOperatingrevenues	1,400,000
b. Other operating revenues	-	-
Total	1,400,000	0
12. EMPLOYEE BENEFITS EXPENSE
Particulars	31st March,2021	31st March, 2020
Salaries and allowances
To Directors	60,000	60,000
To Others	170,000	46,000
Total	230,000	106,000
14. FINANCE COST
Particulars	31st March,2021	31st March, 2020
Edge ConsultancyLLP	1,101,876	949,884
Wave AdvisoryServices LLP	34,954	31,547
Vibrant AdvisoryPvt. Ltd.	97,965	88,416
Dev Pharma	66,896	60,375

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Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021	Annual Report 2020-2021

Siddarth Travels		174,398		125,840
Total		1,476,089		1,256,062
15. OTHER EXPENSES
Particulars		31st March,2021		31st March, 2020
AdvertisementExpenses		-		55,559
Auditors Remuneration		50,000		50,000
BankCharges		679		413
ListingFees		300,000		300,000
MiscExp.		159,200		192,903
Postage & Courier				276,137
Website Exp.		3,900		3,900
ProfessionalCharges		100,000		200,000
R & T Expenses (Folio Maintenance)		67,486		77,482
BSE/NSEexpenses				1,000
Interest onGSTpayment				52
Round off				(210)
LateFilingfees onGST		180
Scheme-Corporate action		52,600
Interest on TDS		501		4,557
Total		734,546		1,161,793
16. AUDITORS REMUNERATION
Particulars		31st March,2021		31st March, 2020
Statutory Audit		59,000		59,000
Tax Audit		-		-
Certification		-		-
Total		59,000		59,000
Name oftheRelatedParties				Relationship
Edge Consultancy LLP				Director is Partner
WaveAdvisory ServicesLLP				Director isPartner
17. EARNING PER SHARES- In determining earning per shares, the company considers the net profit after tax.
Particulars	31st March,2021		31st March, 2020
NetProfit &Loss as perprofit &loss account (amountin `) (A)	-1,040,635		-2,523,854
Numberofequity shares of ` 10 eachat the beginning ofthe year	8,300,277		5,500,277
Numberofequity shares of ` 10 eachat the end ofthe year	8,300,277		8,300,277
Weighted average number of equity shares of`10 each outstanding
during the year(B)	8,300,277		5,733,610
Earning per shares (Basic and Diluted) (amount in`) (A)/(B)	(0.13)		(0.44)
Previous year's figures have been regrouped/ reclassified/restated wherever necessary to correspond with the current year's classification/disclosures.

Sub-Notes on Financial Statements for the Year Ended 31[st] March, 2021

(i) Creditor For Expenses (Non-Current Liabilities)
Particulars	31st March,2021	31st March, 2020
Expenses for Conversion of shares (Indian Copper Corporation)	1,283,047	1,283,047
Interest onallotment ofshares	2,538	2,538
Interest onconsolidationofshares	4,430	4,430
Total	1,290,015	1,290,015

(ii) Sundry Deposits
Particulars	31st March,2021	31st March, 2020
P DSyntheticsPvt. Ltd	50,000	50,000
Total	50,000	50,000

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Annual Report 2020-2021

(iii) Creditors for Goods
Particulars	31st March,2021	31st March, 2020
AlacrityElectrics	250	250
A Ratnam	1,650	1,650
ATE Manufacturing Co Ltd	11,610	11,610
BasantTextilesTraders	5,200	5,200
Consolidated Fibre	1,612,028	1,612,028
Deepak KrNayak	3,804	3,804
DigiconSystems	21,350	21,350
Dwarka Lubricants	300	300
ElectronicsIndiaLtd	586	586
Inder Singh	19,594	19,594
Jain Marketing Agency	4,385	4,385
Kumaresh Yadav	3,709	3,709
Laxwell Enterprises	34,317	34,317
Luxmi PriyamSpngMills	110,000	110,000
Mahesh Electric Works	274,000	274,000
Mukesh Co	1,250	1,250
PerfectElectroplating Works	3,500	3,500
Power Digital Electronics	6,186	6,186
Protex Corporation	472	472
Rajendra Textiles Eng	3,400	3,400
Rasi Printers & Binders	800	800
R G Textiles	4,895	4,895
R J Engineers P Ltd	625	625
Sai Teja Agencies	2,724	2,724
SandeepEnterprises	17,680	17,680
SanjayEngg	19,300	19,300
Shiv Shakti Traders	825	825
ShreeLaaxmi Electronics	4,250	4,250
Shree Sai Electrical Works	1,250	1,250
Stafi Marketing	9,400	9,400
Surya & Co	13,440	13,440
Trumac Engg Co Ltd	49,290	49,290
Universal Trading Corpn	7,800	7,800
Unpaid Wages	18,221	18,221
Veejay Marketing	696	696
Well Pack Industries	1,118	1,118
Total	2,269,905	2,269,905

(v) Unsecured Loans
Particulars	31st March,2021	31st March, 2020
Edge Consultancy ServicesLLP	10,242,974	8,914,287
VibrantAdvisorsPvt. Ltd.	904,547	816,378
Wave Advisory Services LLP	322,738	291,280
DevPharma	617,669	557,463
Siddhrath Travels	1,795,794	1,338,836
Total	13,883,722	11,918,244

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Annual Report 2020-2021

(vi) Provision for Expenses
Particulars	31st March,2021	31st March, 2020
AuditFeesPayable	90,000	45,000
Co. Secretary Fees Payable	6,164	6,164
Employee Salary	255,000	195,000
Listing Fees Payable	-	-
PrintingExp. Payable	48,836	48,836
Mayur Buha	17,300	17,300
Payal	-	63,600
Purva	86,508	107,543
CS Salary	17,000	-
BSE Fees	354,000	-
S K Mailing (Courier)	269,255	269,255
Total	1,144,063	752,698

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Annual Report 2020-2021

Form No. MGT-11 Proxy form

[Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]

Form No. MGT-11 Proxy form [Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]	Form No. MGT-11 Proxy form [Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]	Form No. MGT-11 Proxy form [Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]	Form No. MGT-11 Proxy form [Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014]

Name of the Member(s)
Registered Address
E-mail Id	Folio No/Client ID*		DP ID*
I/We, beingthe member(s)of ______shares of the above named company. Herebyappoint
Name :		E-mail Id:
Address:
Signature , or failinghim
Name :		E-mail Id:
Address:
Signature , or failinghim
Name :		E-mail Id:
Address:
Signature , or failinghim

as my/ our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 44[th] Annual General Meeting of the company, to be held on 27[th] September, 2021 at 11.30 AM at Suite# 712, Prasad Chambers, Opera House, Mumbai400004 and at any adjournment thereof in respect of such resolutions as are indicated below: Resolution No.:

Sr. No.	Resolution(S)	Vote	Vote
		For	Against
ORDINARY RESOLUTION
1.	Adoption of statement of Profit & Loss, Balance Sheet, report of Director’s and Auditor’s for the financialyear 31stMarch, 2021
2.	To re-appoint a Director, Mr. Vishal Dedhia (DIN 00728370) who retires by rotation and, beingeligible, offers himself for re-appointment.
SEPCIAL RESOLUTION
3.	To appoint and fix remuneration of Mr. Vishal Dedhia (DIN: 00728370) as Whole-time Director as per Companies Act, 2013 To consider and, if thought fit, to pass, with or without modifications, the following resolution as Special Resolution:
* Applicable for investors holding shares in Electronic form. Signed this _day of 20		*Affix* *Revenue* *Stamps*

Signature of Shareholder Signature of Proxy holder Signature of the shareholder across

Note:

1) This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company not less than 48 hours before the commencement of the Meeting.

2) The proxy need not be a member of the Company

Page | 42 SHREE MANUFACTURING COMPANY LIMITED

Annual Report 2020-2021

Shree Manufacturing Company Limited Registered Office: Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004 CIN: L36999MH1976PLC286340

ATTENDANCE SLIP

Please complete this attendance slip and hand it over at the entrance of the hall

I, hereby record my attendance at the 44[th] Annual General Meeting of the members of Shree Manufacturing Company Limited to be held on 27[th] September, 2021 at 11.00 AM at Suite# 712, Prasad Chambers, Opera House, Mumbai- 400004

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----- Start of picture text -----

DP ID : CLIENT ID :
NAME AND ADDRESS OF SHAREHOLDER FOLIO NO.
(IN BLOCK CAPITALS)
SIGNATURE OF THE SHARE HOLDER OR PROXY: ____
--------------------------  -------------------------  ------------------------  -----------------  -----------------  ------------------
EVSN USER ID PASSWORD/PIN
(Electronic Voting Event Number)
Note: E-voting period : 24 [th] September, 2021 at 9.00 a.m. IST and ends on 26 [th] September, 2021 at 05.00 p.m. IST.
If you have any query regarding e-voting Password/PIN, please contact at [email protected]
(Member’s /Proxy’s Signature)
----- End of picture text -----

Page | 43 SHREE MANUFACTURING COMPANY LIMITED

ROUTE MAP FOR THE VENUE OF ANNUAL GENERAL MEETING

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BOOK-POST

SHREE MANUFACTURING COMPANY LIMITED Regd. Off.: Suite#712, Prasad Chambers, Opera House, Mumbai - 400004 Tel : 022-66631999

AI assistant

Shree Manufacturing Co. Ltd. — Annual Report 2021

61861_rns_2021-09-04_bf12a92a-5a21-4db0-89bd-89998a4ee819.pdf

SHREE MANUFACTURING COMPANY LIMITED

44[th] ANNUAL REPORT (2020-2021)

BOARD OF DIRECTORS & KMP

REGISTERED OFFICE

AUDITORS

LAXMI TRIPTI & ASSOCIATES

REGISTRAR & SHARE TRANSFER

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED

ANNUAL GENERAL MEETING

SHREE MANUFACTURING COMPANY LIMITED

NOTICE TO THE MEMBERS

ORDINARY BUSINESS

SPECIAL BUSINESS

NOTES

The instructions for shareholders voting electronically are as under:

STATEMENT PURSUANT TO SECTION 102 (1) OF THE COMPANIES ACT, 2013

ITEM NO. 3:

SALARY:

PERQUISITES:

COMMISSION:

I. General Information:

III. Other Information

ANNEXURE TO ITEM No. 2 & 3 OF THE NOTICE

DIRECTORS’ REPORT

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY

Financial Summary as under:

2. DIVIDEND

3. RESERVES AND SURPLUS

4. SHARE CAPITAL

5. BUSINESS OUTLOOK

6. FIXED DEPOSITS

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL

8. THE CHANGE IN THE NATURE OF BUSINESS

9. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION

10. MEETINGS

11. BOARD EVALUATION

12. COMMITTEES OF THE BOARD

13. REMUNERATION POLICY

14. DIRECTOR’S RESPONSIBILITY STATEMENT

15. AUDITORS

16. AUDITORS’ REPORT

17. SECRETARIAL AUDIT REPORT

18. VIGIL MECHANISM

19. RISK MANAGEMENT POLICY

20. EXTRACT OF ANNUAL RETURN

21. CODE OF CONDUCT

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

23. INDUSTRIAL RELATIONS

24. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

25. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

26. LISTING WITH STOCK EXCHANGES

27. OTHER INFORMATION

28. ACKNOWLEDGEMENTS

ANNEXURE INDEX

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES: NONE

ANNEXURE II

Shree Manufacturing Company Limited

FOR PAYAL TACHAK & ASSOCIATES PRACTICING COMPANY SECRETARIES

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

INDUSTRY STRUCTURE AND DEVELOPMENTS

FINANCIAL PERFORMANCE

SEGMENT WISE PERFORMANCE

RISK MANAGEMENT:

BUSINESS OUTLOOK

INTERNAL CONTROLS

SUBSIDIARIES

CEO AND CFO CERTIFICATION

Independent Auditor’s Report

Opinion

Basis for Opinion

Key Audit Matters

Responsibility of Management for the Standalone Financial Statements

Auditor’s Responsibility for the Audit of the Financial Statements

Report on Other Legal and Regulatory Requirements

Annexure - A to the Auditors’ Report

For Laxmi Tripti & Associates Chartered Accountants Firm’s registration number: 009189C

Shree Manufacturing Co. Ltd. Annual Report 2021