Market
  • Company Info.

    Kids Medical Systems Ltd.

    Management Team



    Market Cap.(`) 4.42 Cr. P/BV 0.77 Book Value (`) 10.39
    52 Week High/Low ( ` ) 11/8 FV/ML 10/4000 P/E(X) 0.00
    Book Closure EPS (`) 0.00 Div Yield (%) 0.00
    You can view Board of Directors and Key Executives of the company.

    Board of Directors
    Sr.No.NameDesignation
    1 Mrs. Neha Kishor GokhruManaging Director
    2 Mr. Shashank Dattatraya DeshpandeExecutive Director
    3 Mr. Prasad Vijay AnjarlekarExecutive Director & CFO
    4 Mr. Nikhil Ramniklal SuchakInd. Non-Executive Director
    5 Mr. Hinil PatelInd. Non-Executive Director
    6 Mr. Shantanu NeekharaInd. Non-Executive Director

    Key Executives
    Sr.No.NameDesignation
    1 Mr. Prajakta Ulhas SavantCo. Secretary & Compl. Officer
    2 Mr. Prasad Vijay AnjarlekarChief Financial Officer
  • Kids Medical Systems Ltd.

    Directors Report



    Market Cap.(`) 4.42 Cr. P/BV 0.77 Book Value (`) 10.39
    52 Week High/Low ( ` ) 11/8 FV/ML 10/4000 P/E(X) 0.00
    Book Closure EPS (`) 0.00 Div Yield (%) 0.00
    You can view full text of the latest Director's Report for the company.
    Year End :2024-03

    The Board of Directors have pleasure in presenting the Directors’ Report
    and audited Financial Statements of the Company for the period ended
    on March 31, 2024.

    1. FINANCIAL HIGHLIGHTS:

    Particulars

    2023-24

    2022-23

    Revenue from Operations

    --

    --

    Other Income

    51,452

    --

    Total Revenue

    51,452

    --

    Expenditure

    6,35,985

    50,000

    EBIDTA

    --

    --

    Finance Cost

    --

    --

    Depreciation & Amortisation

    --

    --

    Total Expenditure

    6,35,985

    (50,000)

    Exceptional Item

    --

    --

    Profit Before Tax

    (5,84,533)

    (50,000)

    Provision for Current Tax, Deferred Tax &
    Other Tax Expenses

    Profit After Tax

    (5,84,533)

    (50,000)

    2. REVIEW OF OPERATIONS AND THE STATE OF THE COMPANY’S
    AFFAIRS:

    During the year under review, there total revenue has increased to
    51,452 from NIL.

    3. DIVIDEND:

    Your Directors do not re-commend any dividend on its equity shares
    of the Company.

    4. TRANSFER TO RESERVE:

    Your Directors do not propose to transfer any amount to General
    Reserves for the financial year 2023- 2024.

    5. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCTION
    AND PROTECTION FUND:

    There were no instance of declaration of dividend and hence the
    provisions of Section 125(2) of the Companies Act, 2013 do not
    apply.

    6. MANAGEMENT DISCUSSION AND ANALYSIS:

    Management Discussion and Analysis for the year under review as
    stipulated under Annexure I of the SEBI (Listing Obligations and

    Disclosure Requirements) Regulations, 2015 is included in this
    report as
    Annexure-"A".

    7. CHANGE IN REGISTERED OFFICE:

    During the year under review, the Company proposed to shifted its
    Registered Office from ‘F-806, Titanium City Center, Near Sachin
    Tower, Anand Nagar Road, Satellite, Ahmedabad, Gujarat,
    India,380015’ to ‘3rd Floor Chinubhai House, 7/B Amrutbaug
    Colony, Opp. Sardar Patel stadium, Near Hindu Colony
    Navrangpura, Navjivan, Ahmadabad City, Gujarat, India, 380014’.

    8. DEPOSITS:

    During the year under review, Your Company has not accepted any
    deposits within the meaning of Section 73 of the Companies Act,
    2013 and rules made thereunder.

    PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE,
    GUARANTEES GIVEN AND SECURITIES PROVIDED:

    Details of Loans:

    SL

    No

    Date of

    making

    loan

    Details

    of

    Borrower

    Amount

    Purpose for
    which the
    loan is to
    be utilized
    by the
    recipient

    Time

    period for
    which it is
    given

    Date

    of

    BR

    Date of
    SR (if
    reqd.)

    Rate

    of

    Inter

    est

    Sec

    urit

    y

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    (Note: Particulars of loans given, investments made, guarantees given and
    securities provided are shown in the Balance Sheet, However it is because
    of fraud that happened with the company, actually the company has not
    passed any resolution pertaining to this thus, no loan has been given
    .)

    Details of Investments:-

    SL

    No

    Details of Investee

    Amount
    (in Rs.)

    Purpose for which
    the proceeds from
    investment is
    proposed to be
    utilized by the
    recipient

    Date of BR

    Nil

    Nil

    Nil

    Nil

    Nil

    Details of Guarantee / Security Provided:

    SL

    Date of

    Details

    Amou

    Purpose for

    Date of

    Date

    Commissio

    No

    providing

    security/

    guarante

    e

    of

    recipie

    nt

    nt

    which the
    security/guar
    antee is
    proposed to be

    BR

    of SR

    (if

    any)

    n

    utilized by the
    recipient

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    Nil

    9. MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF
    THE COMPANY:

    No material changes and commitments have occurred after the close
    of the financial year till the date of this Report, which affect the
    financial position of the Company except the details of the fraud
    happened with the Company as per point 8 of this Directors Report.

    10. COMPOSITION OF BOARD AND STATUTORY COMMITTEES:

    The Board of the Company comprises of 4 Directors out of which one
    are Managing Director, one is Additional Non-Executive Director and
    rest of two Directors are Additional Executive Directors. The
    maximum gap between any two board meetings is not more than
    120 days.

    Meetings of Board of Directors:

    During the financial year 2023-24, Five (5) meetings of the Board of
    Directors were conducted on 20th May, 2023 and 21st August, 2023,
    09th November, 2023, 24th January, 2024 and 29th February, 2024.
    The details of the composition of the Board and attendance at its
    meeting are set out in the following table:

    Name

    Attendance at Meetings

    Number of other Directorship &
    Committee Membership /
    Chairmanship1

    Whole-time Director/
    Managing Director

    No. of Board
    Meetings

    Last

    AGM

    Other

    Director

    ship2

    Committee

    Member

    ship

    Committee

    Chairman

    ship

    Meetings

    held

    during

    Tenure

    Meetings

    Attended

    Mr. Anirvan Dam
    (DIN:03031807)

    4

    4

    Yes

    -

    -

    -

    Mr. Prasad Vijay
    Anj arlekar
    (DIN: 09370789)

    4

    4

    Yes

    Mr. Shashank
    Dattatraya
    (DIN:02090677)

    4

    4

    Yes

    3

    Mrs. Supriya Kulkarni
    Subodh

    (DIN: 06958769)

    4

    4

    Yes

    2

    **While calculating the number of Membership / Chairmanship in
    Committees of other companies, Membership / Chairmanship of
    only Audit Committee and Stakeholders Relationship Committee
    have been considered pursuant to Regulation 18 and Regulation 20
    of the SEBI (Listing Obligations and Disclosure Requirements)
    Regulations, 2015.

    None of the Director is a member in more than ten committees and
    act as a Chairman in more than five committees across all
    companies in which he is a Director.

    Audit Committee:

    During the financial year 2023-24, Four (4) meetings of the Audit
    Committee were held on 20th May, 2023 and 21st August, 2023, 09th
    November, 2023 and 29th February, 2024. The details of the
    composition of the committee and attendance at its meeting are set
    out in the following table:

    Sr.

    No.

    Name

    Designation

    Meetings held during
    Tenure

    Meetings

    Attended

    1.

    Mr. Shashank
    Dattatraya

    Chairman and
    Member

    4

    4

    2.

    Mrs. Supriya
    Kulkarni Subodh

    Member

    4

    4

    3.

    Mr. Anirvan Dam

    Member

    4

    4

    Nomination and Remuneration Committee:

    During the financial year 2023-24, One (1) meeting of the
    Nomination and Remuneration Committee was held on 20th May,
    2023. The details of the composition of the committee and
    attendance at its meeting are set out in the following table:

    Sr.

    No.

    Name

    Designation

    Meetings held during
    Tenure

    Meetings

    Attended

    1.

    Mr. Shashank
    Dattatraya

    Chairman and
    Member

    4

    4

    2.

    Mrs. Supriya
    Kulkarni Subodh

    Member

    4

    4

    3.

    Mr. Anirvan Dam

    Member

    4

    4

    Stakeholders Relationship Committee:

    During the financial year 2023-24, One (1) meeting of the
    Stakeholders Relationship Committee was held on 20th May, 2023.
    The details of the composition of the committee and attendance at
    its meeting are set out in the following table:

    Sr.

    No.

    Name

    Designation

    Meetings held during
    Tenure

    Meetings

    Attended

    1.

    Mr. Shashank
    Dattatraya

    Chairman and
    Member

    4

    4

    2.

    Mrs. Supriya
    Kulkarni Subodh

    Member

    4

    4

    3.

    Mr. Anirvan Dam

    Member

    4

    4

    DIRECTORS AND KEY MANAGERIAL PERSONNEL:

    The Details of appointment/re-appointment of the Director:

    The particulars of Directors/employees and the remuneration paid
    to directors is given in the Directors’ Report as required under
    section 197 (12) of the Companies Act, 2013.

    11. DECLARATION FROM INDEPENDENT DIRECTORS:

    The Company has received necessary declaration from each
    Independent Director of the Company under section 149 (7) of the
    Companies Act, 2013 that the Independent Director of the Company
    meet with the criteria of their Independence laid down in Section
    149 (6).

    12. AUDIT COMMITTEE AND ITS RECOMMENDATIONS:

    The Committee has been constituted in accordance with the
    provisions of the Act and the Rules made thereunder and also in
    compliance with the provisions of Listing Regulations and more
    details on the Committee are provided in the Report on Corporate
    Governance. During the financial year under review, all the
    recommendations of the Audit Committee were accepted by the
    Board of Directors of the Company.

    13. AUDITORS AND AUDIT REPORTS:

    Statutory Auditors:

    M/s. MAAK & ASSOCIATES, Chartered Accountants (FRN
    No.:135024W), Auditor of the Company by EGM dated 04/01/2019
    for the Financial Year 2018-19. The Board has proposed M/s. M A A
    K & ASSOCIATES, Chartered Accountants (FRN No.:135024W), for
    appointment from the conclusion of 6th AGM to the conclusion of the
    11th AGM to held in Financial year 2024.

    Moreover, as per the provisions of section 141 of the Companies Act,
    2013, the Company has received a certificate from the auditors to
    the effect that if they are appointed.

    Auditors’ Report:

    The notes of the financial statements referred to in the Auditor’s
    Report are self-explanatory and do not call for any further
    comments. The Auditors’ Report for the Financial Year 2023-24 does
    not contain any qualification, reservation or adverse remarks expect
    as given as under.

    Sr.

    No.

    Reservation/Remark/Qualification

    Reply by Management

    1

    We have relied on the management
    representation for the existence and
    valuation of Fixed Asset. The
    Company has not charged
    depreciation on the fixed assets
    during the year and accordingly the
    provision of Accounting Standards
    relating to depreciation and Deferred
    Tax Asset / Liabilities have not been
    followed.

    No reply is needed as it is
    self-explanatory.

    2

    We have not been provided with the
    balance confirmation or any other
    details for the trade receivable, trade
    payable, Loans and a,d.vances
    receivable/Payable shown in the
    books of accounts. In absence of the
    same we are unable to confirm the
    balance and nature of the
    transactions.

    As the overall business
    activity was limited. Thus, we
    are unable to provide details
    for the trade receivable, trade
    payable, Loans and advances
    receivable/Payable shown in
    the books of accounts.

    3

    We have not been provided with the
    rent agreements, invoices/ vouchers
    for expenses. We have relied only on
    management representation in this
    regard.

    As the company had very
    limited business activity
    during the financial year,
    there are no significant
    expense invoices or vouchers
    to be produced.

    4

    We have not been provided with the
    challan / acknowledgements/
    returns for the payment of the
    TDS/GST / PF/ ESIC or any other
    statutory payments made by the
    company.

    As the company had very
    limited business activity
    during the financial year,
    there are no challan /
    acknowledgements/ returns
    for the payment of the
    TDS/GST / PF/ ESIC.

    5

    The Compa.ny has no fixed assets
    register. The existence of the fixed
    asset has only been confirmed by the
    management.

    The Company is in the
    process of preparing the fixed
    assets Register.

    6

    We would like to draw attention to
    the fa.ct that, balance confirmation
    from the parties from whom amounts
    are due for more than one year were
    not available and in absence of the
    same we are not in position to
    comment on the deviation in the
    balances or execution of the
    transactions. The absence of the said
    balance confirmation would also
    affect the expected credit loss of the
    debtors and accordingly the same
    may affect the amount of the carrying

    As the company had very
    limited business activity
    during the financial year,
    there are no significant
    transaction.

    amount of debtors and the profit.

    7

    During our review we have been
    informed by the management that the
    financial results for the year ended
    on 31st March 2018 have been
    published late as there is a financial
    fraud during and after IPO.

    The previous auditor have not
    reported the same, however Directors
    have filed Complain against the
    Merchant Banker & Other in
    Economic Offence wing. According to
    the complaint filed the amount of Rs.

    5.53.17.906 shown in Other Current
    Financial Assets includes the amount

    5.53.17.906 fraudulently transferred
    by Merchant banker and other. The
    case is not resolved yet.

    The Complaint is under
    process at Economic Offence
    Wing (EOW).

    Internal auditors:

    During the Financial Year 2023-24 the Board could not appoint the
    Internal Auditor pursuant to provisions 138 and any other
    applicable provisions of the Companies Act, 2013 and the rules
    made thereunder. However, The Company has appointed Kumar
    Shah & Co. having registered address at 207- Marathan Max,
    Mulund Goregaon Link Road Near Sonapur Signal, Mulund West
    Mumbai-400080 as an Internal Auditor for the financial year 2024¬
    25.

    Cost Audit Report:

    As per provision of section 148(3) of Companies Act, 2013 and rule
    6(2) of Companies (Cost records and audit) Rules, 2014, the
    Company is not required to appoint a cost auditor to audit the cost
    records of the Company.

    Secretarial Auditors & Secretarial Audit Report:

    Pursuant to the provisions of Section 204 of the Act and applicable
    rules of the Companies (Appointment and Remuneration of
    Managerial Personnel) Rules, 2014, the Secretarial Audit has been
    carried out by M/s. Paliwal & Co., Practicing Company Secretaries,
    Ahmedabad. The Report of the Secretarial Audit in Form MR-3 for
    the Financial Year ended March 31, 2024 is annexed as
    Annexure
    C” to this Report.

    Reply of qualification of Secretarial Auditor in Secretarial Audit
    Report

    Sr.

    No.

    Reservation/Remark/Qualification

    Reply by Management

    1.

    During the Audit period, the AGM for the
    Financial Year 2022-23 was falling,
    however, the same has not been held in
    due time by the Company within time
    period as per the requirement of the
    section 96 of the Companies Act, 2013
    and Rules made thereunder;

    Due to financial constraints,
    the Annual General Meeting
    (AGM) for the Financial Year
    2022-23 was held with a
    delay.

    2.

    During the audit period, the Company
    has not any Financial Results with the
    Stock Exchange as per the requirement
    of the Regulation 44 of the SEBI (LODR),
    2015.

    Due to financial constraints,
    the Company experienced a
    delay in submitting its
    financial results to the stock
    exchange. However, the
    Company has subsequently
    filed the results and is taking
    steps to ensure timely
    compliance with reporting
    requirements in the future.

    3.

    The Income Tax Department has also
    levied penalties under section 271(1)(b)
    of the Income Tax Act, 1961 as on
    28/03/2019 vide Order No.:
    ITBA/PNL/F/271(1)(b)/2018-
    19/1015500340(1).

    The Company is already going
    to comply with the said Order
    of the Income Tax
    Department.

    4.

    The company has delayed in paying the
    listing fees as per regulation 14 of SEBI
    (LODR) Regulation, 2015 to the Stock
    Exchange for the F.Y. 2023-24.

    Due to financial constraints
    during the fiscal year 2022¬
    23, the Company experienced
    a delay in paying the
    associated listing fees to the
    stock exchange for the
    Financial Year 2023-24.
    These fees were subsequently
    settled in the fiscal year 2024¬
    25.

    5.

    During the Audit Process it was found
    that there were no records showing
    timely submission of the necessary
    quarterly, half yearly filing with the
    Stock exchange as per listing regulation;

    The Company is committed to
    ensure timely and accurate
    compliance with all listing
    obligations in the future.

    6.

    During the period under review, the
    Company has not appointed Internal
    Auditor as per the requirement of section
    138 of the Companies Act, 2013

    While the Company
    acknowledges that an Internal
    Auditor was not appointed
    during the financial year
    under review, it is important
    to note that an Internal
    Auditor has been appointed
    on w.e.f. 18/02/2025

    7.

    The company does not have requisite
    number of Independent Directors in its
    Board’s composition as per Reg. 17 of
    the SEBI (LODR) Regulation, 2015.

    The Company has included
    an agenda item in the
    upcoming Annual General
    Meeting to address this non¬
    compliance and ensure

    compliance with all relevant
    regulatory requirements.

    8.

    The Composition of the Directors of the
    Audit Committee is not as per Reg. 18 of
    SEBI (LODR) Regulation, 2015.

    The Company has included
    an agenda item in the
    upcoming Annual General
    Meeting to address this non¬
    compliance and ensure
    compliance with all relevant
    regulatory requirements.

    9.

    The Composition of the Directors of the
    Nomination and remuneration
    Committee is not as per Reg. 19 of SEBI
    (LODR) Regulation, 2015.

    The Company has included
    an agenda item in the
    upcoming Annual General
    Meeting to address this non¬
    compliance and ensure
    compliance with all relevant
    regulatory requirements.

    10.

    The Composition of the Directors of the
    Stakeholder relationship Committee is
    not as per Reg. 20 of SEBI (LODR)
    Regulation, 2015.

    The Company has included
    an agenda item in the
    upcoming Annual General
    Meeting to address this non¬
    compliance and ensure
    compliance with all relevant
    regulatory requirements.

    11.

    The website of the company is not as
    per the compliances under Regulation
    46 of SEBI (LODR) Regulation, 2015

    The Company has taken steps
    to review and update the
    website to ensure full
    compliance with Regulation
    46 of SEBI (LODR)
    Regulation, 2015.

    12.

    The Company is under suspended
    status with BSE Limited.

    [After the Audit Period the company has
    commenced proceeding to seek
    revocation of suspension with BSE
    Limited]

    All the compliances for
    revocation of suspension
    order for listing are being duly
    submitted to the BSE Limited.

    14. Policy laid down by the Nomination and Remuneration Committee
    for remuneration of Directors, Key Managerial Persons (KMP) and
    other employees and the criteria formulated by the committee for
    determining qualifications, positive Attributes, Independence of a
    Director. Please refer
    ANNEXURE-B” attached to this report.

    15. VIGIL MECHANISM AND WHISTLE BLOWER POLICY:

    The Vigil Mechanism of the Company, which also incorporates a
    whistle blower policy in terms of the Listing Regulations, includes an
    Ethics & Compliance Task force comprising senior executives of the
    Company. Protected disclosures can be made by a whistle blower
    through an e-mail, or telephone line or a letter to the Chairman of
    the Audit Committee. The policy on vigil mechanism and whistle
    blower policy may be accessed on the Company’s website at the
    address
    www.thekidsclinics.com .

    16. INFORMATION ABOUT THE FINANCIAL

    PERFORMANCE/FINANCIAL POSITION OF THE SUBSIDIARY:

    The Company has no Subsidiary/Joint Ventures/Associate
    Companies

    17. EXTRACT OF ANNUAL RETURN:

    Pursuant to the provisions of section 92(3) of the Act, the
    annual return of the Company in Form MGT-7 is available on the
    website of the Company and can be accessed at:
    https: / /www.thekidsclinics.com / wp-content/uploads/2025/02/MGT-9-
    on-website-of-the-Company.pdf

    18. INTERNAL CONTROLS AND THEIR ADEQUACY:

    The Company has adequate internal controls and processes in place
    with respect to its financial statements which provide reasonable
    assurance regarding the reliability of financial reporting and the
    preparation of financial statements. These controls and processes
    are driven through various policies, procedures and certifications.
    The processes and controls are reviewed periodically. The
    Company's internal control system is commensurate with its size,
    scale and complexities of its operations.

    19. RISKS MANAGEMENT POLICY:

    The Board of Directors of the Company has framed and adopted a
    policy on Risk Management of the Company. The Company has
    identified various risks and also has mitigation plans for each risk
    identified and it has a comprehensive Risk Management system
    which ensures that all risks are timely defined and mitigated in
    accordance with the Risk Management Policy. The Company is not
    required to statutorily constitute the Risk Management Committee.

    20. CORPORATE SOCIAL RESPONSIBILITY POLICY AND ANNUAL
    REPORT ON CSR:

    In pursuant to the provisions of section 135 and schedule VII of
    the Companies Act, 2013, CSR Committee of the Board of Directors
    was formed to recommend (a) the policy on Corporate Social
    Responsibility (CSR) and (b) implementation of the CSR Projects or
    Programs to be undertaken by the Company as per CSR Policy for
    consideration and approval by the Board of Directors.

    Till Date the Company is not falling under the defined criteria
    applicable to the company under the Companies Act, 2013.

    21. RELATED PARTY TRANSACTIONS:

    All contracts/arrangements/transactions entered during the
    financial year with related parties were in the ordinary course of the
    business and on arm’s length basis. During the year, the company
    had not entered into any contract/arrangement/transaction with
    related parties which could be considered material in accordance
    with the policy of the Company on materiality of related party
    transactions.

    22. LISTING WITH STOCK EXCHANGES:

    The Company is listed on the SME Bombay Stock Exchange Ltd.
    (BSE) from the year 2017-18.

    23. CORPORATE GOVERNANCE AND SHAREHOLDERS
    INFORMATION:

    The Company has complied with amended clause of Listing
    Regulations concerning strength of independent directors on the
    Board before March 31, 2024.

    24. SECRETARIAL STANDARDS:

    The Company has complied with amended secretarial standards.

    25. ACCOUNTING FOR TAXES ON INCOME:

    There is no Deferred Tax Liability for the Financial Year 2023-2024.

    26. QUALITY:

    We are pediatric healthcare management service provider Company
    and we are not certified ourselves under any quality measurement
    company.

    27. INSURANCE:

    We are Management/Technology/Growth partners of Doctor's clinic
    and service provider to the Doctors and parents of the child,
    basically our company is service provider. At present our company
    has not taken any insurance policy as on the date of this Prospectus

    28. HUMAN RESOURCES:

    Your Company considers its employee as the valuable assets of the
    Company. The Company regularly organises various training
    programme at all level to enhance skill of the employees. The
    employees are fully committed to the growth of the Company.

    29. LITIGATION:

    There was no material litigation outstanding as on March 31, 2024
    and the details of pending litigation including tax matters are
    disclosed in the Financial Statements.
    However, there is incidence of
    fraud happened with the Company and the same has been defned in
    point no. 8 of this Directors Report.

    30. FORMAL ANNUAL EVALUATION:

    The Board of Directors has carried out as annual evaluation of its
    own performance, its committees and individual Directors pursuant
    to the requirements of the Act and the Listing Regulations.

    31. CONSERVATION OF ENERGY & TECHNOLOGY ABSORPTION:

    The Company has taken precautionary steps for conservation of
    energy & technology absorption by implementing various measures
    & efforts which improve the productivity of the employees, improve
    quality of a service, reduce the cost of a services and no specific
    investment has been made in reduction in energy consumption.

    32. INSIDER TRADING REGULATIONS:

    In terms of the provisions of the Securities and Exchange Board of
    India (Prohibition of Insider Trading) Regulations, 2015, the
    Company has formulated a “Code of Conduct for Prevention of
    Insider Trading” and “Code of Practices and Procedures for Fair
    Disclosure of Unpublished Price Sensitive Information” for
    regulating, monitoring and reporting of trading in shares of the
    Company by the Promoters, Designated Persons, Key Managerial
    Personnel, Directors, Employees, Connected Persons and Insiders of
    the Company. The said codes are in accordance with the said
    Regulations and are also available on the website of the Company.

    33. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN
    AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL)
    ACT, 2013:

    The Company has in place an Anti-Sexual Harassment Policy in line
    with the requirements of The Sexual Harassment of Women at the
    Workplace (Prevention, Prohibition & Redressal) Act, 2013. All
    employees (permanent, contractual, temporary, trainees) are covered
    under this policy. There was no case of sexual harassment reported
    during the year under review.

    34. TRANSFER OF AMOUNTS TO INVESTOR EDUCATION AND
    PROTECTION FUND:

    During the year under review, No amount is required to transfer to
    “Investor Education & Protection Fund” as required under the
    Investor Education and Protection Fund Authority (Accounting,
    Audit, Transfer and Refund) Rules, 2016, as amended.

    35. GENERAL:

    Your Directors state 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:

    a) Details relating to deposits covered under Chapter V of the
    Companies Act, 2013.

    b) No significant or material orders were passed by the Regulations
    or Courts or Tribunals which impact the going concern status
    and Company’s operations in future.

    c) The Company does not have any scheme of provision of money
    for the purchase of its own shares by employees or by trustees

    for the benefit of employees. No disclosure is required under
    section 67(3)(c) of the Companies Act, 2013 read with Rule 16(4)
    of Companies (Share Capital and Debentures) Rules, 2014, in
    respect of voting rights not exercised directly by the employees of
    the Company as the provisions of the said section are not
    applicable during the period under review.

    d) Your Directors further state that during the year under review,
    there were no cases filed pursuant to the Sexual Harassment of
    Women at Workplace (Prevention, Prohibition and Redressal) Act,
    2013.

    36. DIRECTORS' RESPONSIBILITY STATEMENT:

    In accordance with the provisions of the Section 134 of the

    Companies Act, 2013, the directors confirm that:

    1. in the preparation of the annual accounts for the year ended 31st
    March, 2024, the applicable accounting standards had been
    followed along with proper explanation relating to material
    departures;

    2. they have selected such accounting policies and applied them
    consistently and made judgments and estimates that are
    reasonable and prudent so as to give a true and fair view of the
    state of affairs of the Company at the end of the financial year
    and of the profit and loss of the Company for that period;

    3. they 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;

    4. they have prepared the annual accounts on a going concern
    basis;

    5. they have laid down internal financial controls to be followed by
    the Company and that such internal financial controls are
    adequate and were operating effectively; and

    6. they have devised proper systems to ensure compliance with the
    provisions of all applicable laws and that such systems were
    adequate and operating effectively.

    37. FOREIGN EXCHANGE EARNINGS AND OUTGO:

    During the period under review foreign exchange earnings or out

    flow reported as follow:

    Particulars

    Amount In INR

    Out Flow

    NIL

    Earning

    NIL

    38. APPRECIATION:

    The Directors thank the Bankers and the concerned authorities of
    the Government for their co-operation, and also record their
    appreciation for the efforts put in by the employees.

    Registered Office: On behalf of the Board,

    3rd Floor, Chinubhai House,7-B, M/S. KIDS MEDICAL

    amrutbag colony, opp. Hindu SYSTEMS LIMITED

    Colony, Navrangpura Navjivan,

    Ahmedabad, Ahmadabad City,

    Gujarat, India, 380014.

    Date: 18/02/2025
    Place: Ahmedabad

    ANIRVAN DAM
    MANAGING DIRECTOR
    DIN: 03031807

    1

    companies mentioned above excludes directorships in private limited
    companies, unlimited companies, foreign companies and companies
    incorporated under section 8 of the Companies Act, 2013.

    2

    Directorships and Committee member/Chairmanship in other

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