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We further report that the Board of Directors of the Company is duly constituted with proper balance of the Executive Directors
and the Non-executive Directors (Independent and Non-independent). The changes in the composition of the Board that took
place during the period under review were carried out in compliance with the provisions of the Act.
Adequate notice is given to all the Directors to schedule the Board meetings, agenda and detailed notes on agenda were sent
at least 07 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 views of the dissenting Members are captured and recorded as part of the Minutes,
wherever required.
We further report that there are adequate systems and processes in the Company commensurate with the size and operations
of the Company to monitor and ensure compliance with the applicable laws, rules, regulations and guidelines.
We further report that during the audit period there were no specific events | actions having a major bearing on the affairs of
the Company in pursuance of the above referred laws, rules, regulations, guidelines, standards, etc.
For SPANJ & ASSOCIATES
Company Secretaries
(Ashish C Doshi)
Partner
Ahmedabad
Membership Number: F 3544
April 27, 2018
CPN: 2356